Thu.Feb 08, 2024

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The Cost of Convenience

Money Talk

A key factor that determines what people spend money on every day is convenience. Convenience generally saves time but can add to the cost of products and services because somebody did some work for you (e.g., marinating meat or fish or making kabobs). An estimated $751 billion is spent annually by Americans on convenience items according to a study by Finder, an online data aggregator.

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PayrollOrg Raises Regulation Z and EWA Concerns With CFPB

PayrollOrg

PAYO wrote to the Consumer Financial Protection Bureau (CFPB) about its concerns for the process under consideration of the Truth in Lending Act.

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They call it mellow yellow. Issue 19 of IN Magazine lands

Workplace Insight

The new issue of IN Magazine has been published online today. In this issue: we ask why firms are so reluctant to change what they do; a dream of the past and future of work; Andy Lake talks about his new, visionary book; how AI might make cities worse; what inclusive design means; a panel of experts discuss what changing work practices mean for major business districts; why we must rethink how we light our streets and squares; how to strike the right balance when it comes to creating meetings i

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How to Choose a Payroll Service for Your Small Business

Patriot Software

Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?

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We’re Here to Help! How to Navigate Your Top HR Priorities

Are you helping your people proactively plan for retirement? How are you prioritizing the mental health of your HR team? These are a few of the questions that HR professionals are seeking answers to today. Luckily, Gallagher’s consultants came together with four robust articles (and one infographic) that help address these pain points and provide you with proactive planning tips to help you simplify, personalize and create flexibility in your benefits offerings to help ensure your people thrive

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When It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee, Always a Long-Term, Part-Time Employee

McDermott Will & Emery Employee Benefits

Under the SECURE Act and the SECURE 2.0 Act, employers must provide long-term, part-time employees – i.e., employees who complete at least 500 hours of service in three consecutive years (reduced to two years in 2025) and are at least 21 years old – the opportunity to make elective deferrals under their 401(k) plans and, […] The post When It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee, Always a Long-Term, Part-Time Employee appeared first on EMPLOYEE BENEFITS BLOG.

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The Grand Jury Reports

Florida Workers' Comp

For over a year, the 22nd Statewide Grand Jury has been looking into the potential of "crimes and wrongdoing committed against Floridians related to the COVID-19 vaccine." There has been a nice post-COVID period in the last two years. We have seen the world come back together, with significant normalcy. Well, significant. I still see people wearing masks.

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8 Steps to Improve Employee Productivity in 2024

15Five

Knowing how to improve employee productivity is on every leader’s mind as organizations navigate return-to-office mandates, economic instability, and the impact of inflation. If you want to get the most out of your employees and support work efficiency, follow along for eight steps to improve productivity in the workplace. 1. Strategically align employee goals Align employee goals with business objectives to help your direct reports understand how their work fits into a more comprehensive framew

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A complete guide to winning job offers

Insperity

A job offer is much more than a procedural formality — it lays the foundation for a successful and harmonious employer-employee relationship in the future. However, crafting an appealing job offer is an art that requires a nuanced understanding of the candidate’s needs and goals.It involves not only presenting a competitive salary but also showcasing your company’s employee value proposition.

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Your PTO Playbook for Super Bowl Monday

International Foundation of Employee Benefit Plans

Whether it was the stellar halftime performance, a fourth-quarter Hail Mary, or the overload of chips and guacamole, employees may struggle to go the extra mile (or yard) on Super Bowl Monday. While Super Bowl Monday hasn’t quite reached national holiday status, […] The post Your PTO Playbook for Super Bowl Monday appeared first on Word on Benefits.

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4-Week Roadmap for New Hires

Nearly one-quarter of employees (23%) admit they’ve cried within the first week! Give new hires a positive start with this four-week onboarding roadmap. This schedule outlines all the turns, detours, and speedbumps new hires can expect in their first month. We’ve included suggestions for each week to help you make your new employees’ highway to success an easy road.

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This platform is helping employees send their kids to college

Employee Benefit News

The CEO of Empowerly explains how helping employees navigate their children's college plans is critical to family-building benefits.

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13 Company Retreat Ideas to Re-energize Your Employees

Vantage Circle

Have you ever noticed a dip in your employees' enthusiasm? Are they slipping into the depths of unproductivity? Well, such a scenario requires your immediate attention. You must attempt to infuse vitality by breaking them free from rigorous routines. This is where the idea of a company retreat comes into the picture. It plays a significant role in rejuvenating your employees.

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Over 80% of employers plan on upgrading their leave policies, according to WTW

Employee Benefit News

WTW found that 84% of employers plan to change their leave policies in an effort to attract and retain their best talent.

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New Approaches to Managing Health Care Costs, Improving Outcomes

InterWest Insurance Services

As health insurance and health care costs continue climbing, some employers are taking new and innovative steps to tamp down costs for themselves and their covered employees while not sacrificing the quality of care they receive. Some of the strategies require a proactive approach by engaging with their broker and insurer, and even local health care providers, efforts that may be hampered by location and how flexible insurers may be.

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Transform Employee Wellbeing and Control Costs Through Data-Driven Strategies

In today's dynamic business environment, HR leaders face immense pressure to optimize costs while maintaining a competitive edge to attract, retain and engage their workforce. Gallagher can help you meet that challenge head-on. Our proprietary data and people analytics platform, Gallagher Drive ® , provides the elevated insights you need to make impactful program decisions that are aligned with your organizational goals and set your strategy up for long-term success.

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CEOs turn positive on US economy for first time in 2 years

Employee Benefit News

Leaders believe financial conditions will continue to improve, while they voiced concern over political unrest and international conflicts.

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How to Reset Your Life: 10 Ways

BetterUp

Jump to section What’s a life reset? Why should I reset my life?

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Personalized AI training helps employees embrace new tech

Employee Benefit News

A customized learning plan keeps employees up to date with the right tech skills and helps combat fears their jobs will be replaced.

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The Complex Conundrum of Using ChatGPT at Work

HR Digest

AI has presented many challenges to the workforce globally , from causing layoffs to placing additional pressure on companies to reskill their workforce, but one of the oft-ignored concerns is the use of ChatGPT at work. Glassdoor has been consistently tracking the ChatGPT adoption rates ever since the AI came out and their numbers indicate that the use of the AI tool has gone up from 27 percent among the early adopters to 62 percent of professionals as of November.

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How to Make The Best Benefits Decisions for 2025's Workforce: An HR and Total Rewards Guide

Speaker: Kaitlin Ruby Carroll

Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha

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Imagination appoints new people and culture partner

Employee Benefits

Global experience design firm Imagination has appointed Laura Marotta UK people and culture partner as of this month. In line with Imagination’s people and culture strategy, Marotta will assume the overarching responsibility for people, including heading up the talent acquisition function in the UK. Reporting to chief people officer Philomena Gray and collaborating with UK managing director Richard Hannah, she will work closely with the senior leadership team to ensure a workplace environment wh

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COVID-19 Supplemental Benefits for Healthcare Workers Proposed in Legislation

Workers' Compensation

Legislation ( A3504 ) has been introduced to establish the Health Care Workers COVID-19 Supplemental Benefits Program in the Division of Workers' Compensation. PURPOSE This legislation aims to assist healthcare workers whose public service has rendered them particularly vulnerable to COVID-19 by alleviating long-term economic hardships due to COVID-19.

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One day left to enter Employee Benefits Awards 2024

Employee Benefits

HR, reward and benefits professionals who want to be in with a chance of winning at the Employee Benefits Awards 2024 have just one day left to enter. This is the final opportunity to enter and win recognition as the final deadline is tomorrow: Friday 9 February. Now in its 22nd year, the Employee Benefits Awards celebrates organisations, teams and individuals in the reward, benefits and HR community that have made a significant difference, and attracted, motivated and rewarded employees through

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Act Fast (If You Get the Letter)! IRS Pre-Examination Retirement Compliance Pilot Program is Extended

Proskauer's Employee Benefits & Executive Compensa

On February 7, 2024, the IRS announced the second phase of its Pre-Examination Retirement Compliance Program (we discussed phase one in our earlier post here ). Under this program, sponsors will be notified that their plan is selected for examination and will have 90 days to review and correct any plan document or operational errors, similar to the process for phase one.

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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Oliver Wyman enhances parental leave for India, Middle East and Africa staff

Employee Benefits

Global management consulting firm Oliver Wyman has extended its parental leave for employees across the India, Middle East and Africa (IMEA) region. New parents in its offices in the United Arab Emirates (UAE), Bahrain, Saudi Arabia, South Africa, Qatar and India are now eligible for six months of paid maternity leave and eight weeks of paid paternity leave.

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Club Employés and Weavr partner to give people more choice and control over employee benefits

Workplace Insight

European employee benefits platform, Club Employés, has partnered with embedded finance specialists, Weavr, to power a debit card solution for employee benefits, which gives employees the power to pick the perks they prefer. By expanding access to relevant benefits through the capabilities of embedded finance, employees are more likely to engage with the benefits provided by their employers.

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Santander UK reports 13.4% mean ethnicity pay gap

Employee Benefits

Banking organisation Santander UK has reported a 13.4% mean ethnicity pay gap for 2023, up 4.3 percentage points from 2022’s figure. The employer’s median ethnicity pay gap was 17.6%, up 9.6 percentage points from the previous year. Its mean ethnicity bonus gap was 35.6%, up 6.6 percentage points from 2022, and its median gap was 25.4%, down 0.4 percentage gaps from the previous year’s figure.

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Workplace Kindness: How and Why it Pays Off

Pacific Prime

Keeping employee engagement, improving overall company culture, reducing stress levels, all these factors are part of one simple thing every company can practice: Workplace kindness. From showing gratitude to just putting on a smiling face, workplace kindness is something any company can do. In this blog post, we’re going to discuss the concept of workplace.

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The Diversity Reckoning: Can HR Survive Without New Perspectives?

Speaker: Jeremy York

2024 has tested every organization, and 2025 promises no less - the warning signs are everywhere. If you’re relying on superficial approaches to diversity, you might find yourself scrambling to catch up. Thought diversity - the fuel for new ideas, fresh perspectives, and disruptive innovation - is more than a buzzword. It's a survival strategy. And if you’re not building it into your workplace culture right now , you’re heading for trouble.