WEX Inc.

JULY 24, 2024

Welcome to the fifth installment of WEX’s six-part series on navigating the economy and its sometimes perplexing business cycle. In spring 2024, the Federal Reserve reported some surprising developments. In May, 272,000 jobs were added in the U.S. , exceeding economists’ expectations. Then the Fed met in June to assess interest rates. The Board of Governors remained conservative, holding rates steady for another period and maintaining its current target range between 5.25% and 5.50%.

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Taxes Engineering Government Management 93

Best Money Moves

JULY 24, 2024

5 simple ways to increase engagement for financial wellness benefits. 5 proven strategies to increase employee engagement for your financial wellness programs. Financial wellness benefits are more important than ever before, as financial stress weighs heavily on Americans. Nearly half of all respondents (47%) in a recent MarketWatch survey claim that 2024 has been the most stressful year of their financial lives.

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Retirement Plan Education Finance Employment 105

PeopleKeep

JULY 24, 2024

If you're worried about the cost of care for your employees, you're not alone. For small employers , in particular, it's hard to find affordable health insurance. According to KFF 1 , in 2023, the average annual cost of employer-sponsored health insurance premiums per employee was $23,968 for family coverage and $8,435 for single coverage. If a group health plan is out of your budget, a healthcare reimbursement model may be the solution to your problem.

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Healthcare Health Insurance Insurance Employment 103

Employee Benefit News

JULY 24, 2024

HPE's CPO shares how the company's generous parental leave policy helps support and retain their workforce.

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Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

Payroll

HR Lineup

JULY 24, 2024

In the ever-evolving landscape of modern workplaces, maintaining employee satisfaction and motivation is paramount for organizational success. One effective strategy to achieve this is through job enrichment. Job enrichment focuses on enhancing a job’s inherent elements to make it more rewarding and fulfilling for the employee. This comprehensive article delves into the meaning, methods, models, benefits, and real-world examples of job enrichment, providing a holistic understanding of this

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Construction Employee Retention Education Human Resources 79

Employee Benefits

JULY 24, 2024

Corporate volunteering is a huge topic in 2024, and is only increasing in popularity. But understanding different types of volunteering can be tricky and time-consuming. As a business, you want to dive into employee volunteering, but you don’t know where to start. Sound familiar? OnHand can help. If you’re wondering why corporate volunteering matters: 91% of companies found a positive correlation between employee volunteering and employee engagement scores ( Boston School of Management ) 76% of

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Healthcare Employee Benefits Employment Management 98

Employee Benefit News

JULY 24, 2024

According to Resume Builder, nearly a third of workers would take lower salaries to avoid being laid off.

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Salary 101

PeopleKeep

JULY 24, 2024

About 92% of Americans have some form of health coverage. But that doesn’t mean they don’t have medical bills 1. Even if your health plan has a low deductible and few copayments , your insurance provider will likely only pay a portion of your healthcare costs, leaving you to cover the rest. If you don’t pay your bills in a certain amount of time, they may end up at a collections agency.

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CorpStrat

JULY 24, 2024

As open enrollment season approaches, most companies are looking to enhance their benefits packages without breaking the bank. Voluntary benefits offer an excellent solution, providing added value to employees, at little to no cost for employers. Among these offerings, AFLAC stands out as the most requested employee benefit, delivering products that resonate with employees and their bank accounts.

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Managing benefits administration is costly, and cutting corners in the wrong places can lead to disengaged workforces and the risk of non-compliance. This eBook from Selerix highlights areas where you can save without compromising the value of benefits. Proactively Thinking: Make decisions for the long run. Discover ways to be proactive in your decision-making to save money in the future, not just temporarily.

Management

Vantage Circle

JULY 24, 2024

Are you curious about what your employees are truly thinking? Employee engagement surveys are the key to uncovering these insights. As companies increasingly recognize the value of an engaged workforce, employee engagement surveys have become an essential tool for gathering insights and driving positive change. However, collecting data is just the beginning—the true value emerges when you delve into the analysis.

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Utilities Employee Loyalty Management IT 92

Employee Benefit News

JULY 24, 2024

Meeting every employee's unique needs is nearly impossible. So why not let them choose their own benefits?

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Employee Retention Employee Benefits 83

3Sixty Insights

JULY 24, 2024

Every now and then a book comes along that challenges the status quo. A book that has the capacity to help us look at what we are doing today and see that we can do better. The Five Talents that Really Matter is such a book. Barry Conchie and Sarah Dalton, through scientific research, have identified the talents that really matter. They cut through all the noise surrounding what leaders do and how the absolute best achieve success.

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Employee Benefit News

JULY 24, 2024

Walt Disney reached a tentative labor agreement with unions under threat of a walkout.

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Advertiser: Paycor

The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.

Employee Benefits

JULY 24, 2024

Newcastle Building Society has received living pension employer accreditation from the Living Wage Foundation. The society’s commitment will see its new employees, who join the organisation after 1 April 2024, receive a higher default level of pension than current auto-enrolment contributions, with workers paying 5% and employers paying 7%. Through auto-enrolment, employers must contribute at least 3% and employees pay 5%.

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Pension Employment Salary Employee Benefits 75

Employee Benefit News

JULY 24, 2024

Meeting every employee's unique needs is nearly impossible. So why not let them choose their own benefits?

Employee Retention 77

Employee Retention Employee Benefits 77

Business Management Daily

JULY 24, 2024

Moviegoers love stories of resilience. For example, audiences cheer as Rocky, exhausted and bruised, summons the strength to bounce back against his ring opponent. Year after year at Christmas, we watch scrappy George Bailey triumph in the face of adversity with assistance from his community. As a result, such plots inspire us to overcome challenging situations in our lives.

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WEX Inc.

JULY 24, 2024

Creating a premium benefits experience is a key way companies differentiate themselves in a competitive labor market. But, too often, benefits selection is treated as an annual event instead of an ongoing and evolving journey. However, with clear goal-setting, you can increase employee satisfaction and loyalty while strengthening your company’s appeal to new candidates.

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Health Savings Account Taxes Health Insurance Deductions 59

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Managing ACA compliance is a major headache, especially in industries with complex schedules and regulations. Errors can lead to fines, legal battles, and strained employee relationships. Ways to Avoid Penalties & Fines: Non-compliance with Hours of Service (HOS) or misclassifying employees can lead to fines and legal issues. We offer tools to avoid these penalties and ensure regulatory alignment.

Management

Employee Benefits

JULY 24, 2024

Since 2017, nuclear security technologies organisation AWE has worked to help its more than 7,000 employees on a journey towards embedding a whole-life savings approach. Working with Nudge, the employer’s approach encompasses offering a range of financial education and planning tools around retirement, budgeting, and investment, and tools such as mortgage calculators, all designed to help improve people’s financial confidence and outcomes.

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Pension Recruitment Education Employee Benefits Management 64

Workplace Insight

JULY 24, 2024

A new report from Harvard Business Review Analytic Services, in collaboration with Canva, claims to have uncovered the significant challenges organisations face when it comes to fostering creativity within the workplace. Despite the widespread belief in the importance of creativity, many organisations are struggling to create environments that nurture and encourage innovative thinking.

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Employee Benefits

JULY 24, 2024

Credit: tadamichi/Shutterstock Need to know: Employers are reporting more appetite among employees to save, especially for retirement, but encouraging a joined-up savings habit can still be challenging. Using payroll-based tools is becoming popular, but whatever products employers put in place need to be accompanied by ongoing financial education. Employee benefits professionals are key to helping organisations navigate what can be a complex product and regulatory landscape.

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Pension Government Education Benefits Package 59

15Five

JULY 24, 2024

If you think employee engagement is all about getting new hires excited about their work, you’re accidentally ignoring one of the biggest challenges in keeping your workforce as a whole engaged. Tenured employees. As they accumulate experience and expertise, tenured employees become key to some of your most important work. They accumulate a massive amount of institutional knowledge, allowing them to work independently and answer questions for people throughout your org chart.

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Speaker: Carolyn Clark and Miriam Connaughton

Forget predictions, let’s focus on priorities for the year and explore how to supercharge your employee experience. Join Miriam Connaughton and Carolyn Clark as they discuss key HR trends for 2025—and how to turn them into actionable strategies for your organization. In this dynamic webinar, our esteemed speakers will share expert insights and practical tips to help your employee experience adapt and thrive.

Employee Wellness

Employee Benefits

JULY 24, 2024

The King’s Speech on 17 July saw the new UK government reaffirm its commitment to introduce new employment legislation in Parliament within its first 100 days in office. The government plans to do this with a new Employment Rights Bill, that is intended to deliver on the wide range of policies set out in its ‘Plan to Make Work Pay’, published shortly before the general election.

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Employment Government Consulting Employee Benefits 59

Workplace Insight

JULY 24, 2024

The rising costs of welfare and the country’s increasing dependency on immigration have become significant concerns, prompting a call for reform from a prominent government health adviser. Alan Milburn, a former health secretary, has emphasised the need for individuals with long-term illnesses and others stuck in a cycle of long term unemployment to actively seek employment.

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Employee Benefits

JULY 24, 2024

Credit: William Barton / Shutterstock.com Pension and savings fintech Cushon has rebranded to Natwest Cushon a year after its acquisition by the banking organisation. Natwest took an 85% stake in the business and has invested in the development of its technology and products over the past 12 months. It will adopt Natwest’s tagline ‘Tomorrow begins today’, because this reflects its ambition to make pensions easier and more accessible for employees and employers.

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Pension Banking Technology Employee Benefits 59

Pacific Prime

JULY 24, 2024

In today’s rapidly evolving workplace, the conversation around parental leave has gained significant traction. While many companies have made strides in supporting working mothers, a crucial aspect often overlooked is the importance of paternity leave. This Pacific Prime article explores why paternity leave is not just a nice-to-have perk, but one of the must-have employee.

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Advertiser: Paycor

In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.

Management