Wed.Sep 11, 2024

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Digital transformation efforts yet to translate into greater productivity at many firms

Workplace Insight

British and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024 , but this hasn’t yet translated into improved productivity or digital maturity. The poll of 600 decision makers in the UK and Ireland, now in its second year, reveals what it claims is a ‘stark productivity and efficiency paradox’ for employers, as well as a Catch-22 for workers.

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Looking for a promotion? These are the 10 best and worst companies for career advancement

Employee Benefit News

In an effort to guide employees looking to advance, this platform listed companies based on their odds of success.

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Reskilling: Prepare your workforce for the future of work

Business Management Daily

According to the World Economic Forum (WEF), the world has desperately needed a reskilling revolution since 2020, and the problem has only been exacerbated in the years since the pandemic. Why is that? There are many reasons, including new technology like artificial intelligence, a retiring workforce, the prevalence of remote work, and Industry 4.0 (the Fourth Industrial Revolution).

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Traditional models of facilities management are no longer fit for purpose, report claims

Workplace Insight

facilities managmentWorkplaces need to be maintained and managed in a more agile and responsive way if they are to serve the needs of hybrid working and the so-called return to the office, according to new research from Colliers. Colliers Global Occupier Services’ new report Adaptive Facilities Management – a new vision in agility reveals traditional facilities management (FM) models, where services are delivered at fixed frequencies and costs, are no longer fit for purpose, due to occupancy l

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Does The ICHRA Satisfy The Employer Mandate?

PeopleKeep

If the federal government considers your organization an applicable large employer (ALE), you’re subject to specific Affordable Care Act (ACA) rules. Navigating the ACA can be difficult, especially if it’s your first time. But, understanding the employer mandate is especially important to avoid steep penalties. The employer mandate requires ALEs to offer employee health coverage that meets specific affordability and value standards.

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IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs

International Foundation of Employee Benefit Plans

Section 110 of the SECURE 2.0 Act of 2022 allows employers to make matching contributions toward employees’ qualified student loan payments (QSLPs) to 401(k) plans, 403(b) plans and governmental 457(b) plans (and SIMPLE IRAs plans not summarized in this blog). Internal Revenue […] The post IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs appeared first on Word on Benefits.

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A data-driven approach to health plan management for SMBs

Employee Benefit News

Information is being leveraged to inform and guide decision-making in the face of escalating healthcare costs without much transparency and accountability.

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Tips to help employees build their financial resilience

Employee Benefits

Between the 9 th and 15 th of September is UK Savings Week. In the current environment, it has become difficult for a lot of people to save as much as they would like, in fact, a survey [1] of working adults by WEALTH at work found that the biggest financial concerns for the year include not having enough savings for unexpected costs (40%) and not being able to save enough for the future (38%) This can have a serious impact on financial resilience, with the weight of this financial burden spill

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T-Mobile employees spent a month planting trees, packing meals and saving lives

Employee Benefit News

T-Mobile's Magenta Giving Month gives workers the opportunity to support causes they care about.

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Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration

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.

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A quarter of UK employers think DC pension will provide comfortable retirement

Employee Benefits

Only a quarter of UK employers think their defined contribution (DC) pension provision will leave their workers with a comfortable retirement, according to research by Willis Towers Watson (WTW). The insurance and financial services firm’s annual Defined contribution pensions and savings report, which surveyed 112 FTSE 350 organisations and 187 UK employers, also found that DC pensions adequacy is of increasing concern to employers, with 82% of respondents wanting to do more with their DC

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The living wage gap: How Americans' salaries are failing them

Employee Benefit News

According to Dayforce, a significant portion of workers don't earn a living wage, especially women and people of color.

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Nick Le Riche: Flexible working changes and a four-day week

Employee Benefits

The Labour government’s planned changes to give employees the right to request a four-day working week under plans to increase flexible working have hit the headlines. According to reports, the government is proposing to make it easier for employees to request compressed hours, whereby employees work their contracted hours in a shorter working week or other forms of flexible-working arrangements.

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Signs Of Social Awkwardness And 15 Ways To Overcome It

BetterUp

Jump to section What is social awkwardness?

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HR’s Blueprint for a Successful 2025

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.

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Buyer’s guide to master trust pension schemes

Employee Benefits

Credit: elina.nova/Shutterstock What are master trust pension schemes? Master trusts are defined contribution pension schemes , set up under trust law, which allow multiple employers that are unconnected with one other to participate. Each employer can set its own employer and employee contribution rates and usually has its own named section of the master trust.

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Understanding Gamification (The Key to Better Benefits)

Best Money Moves

Understanding Gamification (The Key to Better Benefits). Gamification is a powerful tool for motivating employees at work. Learn how gamification strategies can improve performance and encourage benefits usage. Gamification is a powerful tool for motivating employees at work and a valuable addition to financial wellness benefits. These strategies educate employees while encouraging them to set and meet their financial goals in engaging ways.

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Welsh public sector staff receive pay rise between 5% and 6%

Employee Benefits

NHS staff, teachers and public sector workers in Wales will receive pay rises of between 5% and 6% in 2024-2025. The pay awards will impact hundreds of thousands of public sector workers across Wales. The Welsh government accepted the pay recommendations from independent pay review bodies in full, with teachers and NHS staff on Agenda for Change terms and conditions set to receive a 5.5% increase.

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Commercial property market should be more optimistic, but it still needs to change

Workplace Insight

JLL’s latest Future of Work Survey claims to reveal new opportunities for the commercial property sector as two-thirds of business leaders expect their CRE budget to rise between now and 2030. Despite challenges in the commercial real estate sector and bumpy economic conditions, global business leaders are optimistic about the future, with two-thirds (65 percent) expecting their CRE budgets to increase by 2030, according to the poll.

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7 Common ACA Compliance Pitfalls and How to Avoid Them

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.

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Bank of America raises minimum hourly wage for US employees

Employee Benefits

Bank of America has raised its minimum hourly wage for its US employees to $24 (£18.34) per hour as part of its commitment to increase the rate to $25 (£19.10) by 2025. As a result of the increase, which applies to all full-time and part-time hourly US positions, the minimum annualised salary for full-time employees will rise to nearly $50,000 (£38,202).

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Understanding Gamification (The Key to Better Benefits)

Best Money Moves

Understanding Gamification (The Key to Better Benefits). Gamification is a powerful tool for motivating employees at work. Learn how gamification strategies can improve performance and encourage benefits usage. Gamification is a powerful tool for motivating employees at work and a valuable addition to financial wellness benefits. These strategies educate employees while encouraging them to set and meet their financial goals in engaging ways.

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Indian nurse wins interim payout of unpaid wages

Employee Benefits

An Indian nurse who was sacked by a British care organisation has been awarded a £17,000 payout in unpaid wages. Kirankumar Rathod worked for Clinica Private Healthcare and was dismissed after he raised concerns that he was not being offered enough work. Rathod and a number of his colleagues had been encouraged to move to the UK with the promise of full-time employment.

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What is a Physician Hospital Organization (PHO)?

PeopleKeep

As the healthcare industry evolves , physicians and hospitals seek new models to enhance collaboration. One such model is a physician hospital organization (PHO). A PHO serves as a strategic alliance. It helps streamline operations, improve quality of care, and deliver better health outcomes for patients. Given the need for efficient and effective healthcare, it's important to understand how these organizations work.

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7 HR Priorities for 2025 to Supercharge Your Employee Experience

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.

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Pluxee UK Answers the Question: What is Financial Wellbeing?

Employee Benefits

Financial wellbeing has become a regular component of the HR and employee wellbeing conversation, standing out as a distinct area of focus for both employers and employees. While we recognise it as a separate pillar of wellbeing, it connects with other aspects, such as mental, physical, and social wellbeing. But what exactly is financial wellbeing, and how does it fit into your overall people strategy?

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Bank of America Raises Hourly Wages, Moves Closer to 2025 Goals

HR Digest

Bank of America has announced a $1 USD hourly wage raise for workers in the U.S., bringing the minimum hourly wage up to $24 USD. BoA’s wage increase in 2024 takes the bank one step closer to its ambitions to raise wages to $25 USD by 2025. The company has been on track to establish a competitive offer that can help with the retention of workers and attract talent to the organization over competition.

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