HR Digest

OCTOBER 17, 2024

After Boeing’s commitment to reorganization plans, Airbus has now announced layoffs. The European aerospace group announced job cuts in the Defense and Space division. The Airbus job cuts will affect 2,500 employees who represent around 7% of the workforce in its second-largest division and 1.7% of its workforce overall. The organization has decided not to pursue immediate restructuring plans and will execute these cuts over time, extending midway through 2026.

IT 111

IT 111

Employee Benefit News

OCTOBER 17, 2024

Research found that while benefits like retirement and flexibility are valued by all groups, mental health support and long-term care are more age-specific.

Employee Retention 95

Employee Retention Employee Benefits 95

International Foundation of Employee Benefit Plans

OCTOBER 17, 2024

Caregiving is not merely a personal responsibility; it is an essential societal function. Research has found that 73% of all employees1 have some current caregiving responsibility—whether caring for aging parents, supporting a loved one through illness or raising a child—requiring them to […] The post The New Caregiver Benefits: Precision Support Through Expanded Understanding appeared first on Word on Benefits.

Employee Benefits 76

Employee Benefits IT 76

HR Lineup

OCTOBER 17, 2024

In the ever-evolving world of business, compensation professionals play a crucial role in ensuring employees are fairly and competitively rewarded. A well-structured compensation strategy enhances employee satisfaction and drives business success. Whether you’re a seasoned HR professional or looking to break into this field, upskilling through certifications and specialized courses is essential.

Executive Compensation 68

Executive Compensation Retirement Plan Government Human Resources 68

Speaker: Kaitlin Ruby Carroll

Fertility benefits have become a crucial component of employee well-being and retention strategies. In today’s competitive landscape, creating a fertility benefits program that aligns with both employee needs and organizational goals can be more complex than it seems. From cycle-based to flat-dollar and telehealth models, each solution offers unique advantages and challenges that directly affect employee satisfaction and financial well-being.

Employee Wellness

Employee Benefit News

OCTOBER 17, 2024

Finding ways to bring together even the most spread out workforce helps build a richer, more engaged employee population.

Employee Retention 85

Employee Retention Management 85

Employee Benefits

OCTOBER 17, 2024

The pay gap between disabled and non-disabled employees is 12.7%, according to figures from the Office for National Statistics (ONS). Its Disability pay gaps in the UK: 2014 to 2023 report found that the disability pay gap has remained relatively stable since 2014. The median hourly pay for disabled employees was £13.69 compared to £15.69 for non-disabled employees, and the gap is wider for men at 15.5% compared to 9.6% for women.

Employment 59

Employment Employee Benefits IT 59

Employee Benefits

OCTOBER 17, 2024

An office worker who was repeatedly ignored by her boss when she greeted him has won a claim for unfair dismissal. In September 2023, Nadine Hanson, who worked for Interaction Recruitment, said hello to the organisation’s managing director Andrew Gilchrist three times in the office but he refused to reply. Gilchrist had become angry when he mistakenly thought she was late to work, without realising she had been attending a medical appointment.

Deductions 59

Deductions Deductible Medical Recruitment 59

InterWest Insurance Services

OCTOBER 17, 2024

A new study has found three out of four U.S. workers would accept a job with a slightly lower salary if it offered better health care and medical coverage. The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. Besides looking for better health coverage, there’s growing interest among employees for voluntary benefits that can buffer health care costs, like critical ill

Out of Pocket Cost 52

Out of Pocket Cost Voluntary Benefits Health Insurance Health Savings Account 52

Employee Benefits

OCTOBER 17, 2024

Two-thirds (67%) of women reported that menopause symptoms have had a negative impact on their work, according to research by reproductive health benefits provider Fertifa. Its Future of workplace wellbeing report found that two-fifths (39%) of respondents reported a negative impact on their performance at work, which included an impact on productivity, focus and concentration.

Benefit Providers 59

Benefit Providers Medical Employee Benefits Employment 59

Best Money Moves

OCTOBER 17, 2024

On October 16, 2024, Best Money Moves Founder & CEO Ilyce Glink accepted the Social Impact Award from Smart Business Dealmakers at their annual Chicago conference. This is her acceptance speech. Marne, thank you for that gracious introduction. And, thank you to the nominating committee for honoring Best Money Moves with a 2024 Dealmakers’ Social Impact award.

Mining 52

Mining Healthcare Bonuses Government 52

Advertiser: Paycor

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!

Employment

WEX Inc.

OCTOBER 17, 2024

You’ve experienced the potential of virtual cards to create a more efficient payment process and transform your accounts payable from a cost center to a revenue generator. But perhaps you’ve also learned that it’s not that simple when it comes to onboarding suppliers to accept your virtual cards. To unlock the full potential of virtual cards, you need to increase supplier acceptance of virtual cards.

Taxes 52

Taxes Construction Consulting Education 52

Employee Benefits

OCTOBER 17, 2024

Have you heard about SmartPay? It’s a salary deduction scheme designed to help your employees avoid high-interest loans and credit card debt. With SmartPay, employees can spread the cost of technology, appliances, wellness products, and lifestyle purchases over time through manageable deductions from their pay. As a cost-neutral employee benefit, it enhances your Employee Value Proposition (EVP) while supporting financial wellbeing, making it a powerful tool for attracting and retaining talent.

Deductions 52

Deductions Deductible Salary Technology 52

McDermott Will & Emery Employee Benefits

OCTOBER 17, 2024

The Internal Revenue Service (IRS) introduced a supplemental claim process to assist payroll companies and third-party payers in resolving incorrect claims for the Employee Retention Credit. This process allows third-party payers to correct or withdraw claims for taxpayers who are ineligible for the credit.

Employee Retention 52

Employee Retention Taxes Payroll 52

Business Management Daily

OCTOBER 17, 2024

By Jon Hyman, Esq., Wickens Herzer Panza, Cleveland When is a last-chance agreement not a “last chance” agreement? When the 6th Circuit reviews it, apparently. In Moore v. Coca-Cola Bottling Co. , the appeals court held that an employee’s last-chance agreement, signed after the employee tested positive for marijuana, did not bar his subsequent discrimination lawsuit when terminated after yet another positive test.

Consulting 52

Consulting Education Employment Management 52

Advertisement

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Technology

Employee Benefits

OCTOBER 17, 2024

Managed network solutions and IT services provider Evolve has appointed Caroline Oxley head of people and talent. Oxley’s role will go beyond HR functions to focus on developing Evolve’s people-first culture, so that it aligns with its overall goals and values. This will include executing the organisation’s apprenticeship and graduate schemes, and overseeing employee engagement.

Payroll Manager 52

Payroll Manager Payroll Employee Benefits Management 52

Employee Benefit News

OCTOBER 17, 2024

The CHRO of Paycom breaks down how a positive attitude towards PTO can transform your workplace.

PTO 79

PTO Employee Benefits 79

BetterUp

OCTOBER 17, 2024

Jump to section What is a beige flag? 23 beige flag examples Beige flags: quirks or relationship dealbreakers?

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Employee Benefit News

OCTOBER 17, 2024

Consumer demand stays steady amidst challenges such as storms and worker strikes.

Engineering 74

Engineering Retail 74

Advertiser: Paycor

HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.

BetterUp

OCTOBER 17, 2024

Jump to section What does good communication look like in a relationship?

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Florida Workers' Comp

OCTOBER 17, 2024

The idea of "excess mortality" first came to my attention during the Great Panic. Undoubtedly, a great many people died during that time. There have been disagreements voiced in academia regarding whether some people died who had contracted SARS-Cov-2 or whether there was proof that SARS-CoV-2 killed those people. The distinction is perhaps only of academic interest.

Media 80

Media Insurance Government Life Insurance 80

Fringe Benefit Analysts

OCTOBER 17, 2024

 Small employers looking for ways to control their group health insurance costs are more closely examining what it means to be “ fully insured.” These days, employers with as few as 10 full-time employees are exploring other funding arrangements which can allow them more control—or at least more accountability—over their annual premium increases.

Insurance Carriers 98

Insurance Carriers Insurance Family and Medical Leave Act Employment 98

Money Talk

OCTOBER 17, 2024

My husband and I recently took a big step in planning our future. We paid a $1,500 refundable deposit to get on the waiting list for a continuing care retirement community (CCRC) with a target move-in date of 2033. Why the long timeline? We are healthy, active, and not ready to leave our beautiful single family home. At the same time, we don’t want to wait until our 80s and find 200 people ahead of us.

Finance 156

Finance Education Management IT 156

Speaker: Radhika Samant and Todd Wuestenberg

Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.

IT

WEX Inc.

OCTOBER 17, 2024

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits. With political campaigns often influencing policy proposals from healthcare to retirement plans, this episode dives into what employers and professionals can expect and how they can prepare for potential changes.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59