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Payroll Congress has continued to grow and expand over the past 40 years to help the profession deal with extended regulatory complexity, technological advances, professional development, analytical needs, increased global interaction, and the need for a vital payroll community.
The Unique Value of ADP ReThink ADP recently wrapped its annual ADP ReThink client event, where over 300 attendees came together in London, England for the largest turnout in ADP ReThink’s 15-year history. If you haven’t had the privilege of attending this unique global HR event, ADP ReThink differentiates itself from other HR technology provider conferences in subtle yet high-value ways.
Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?
A California district court recently denied a motion to dismiss claims that the fiduciaries of a 401(k) plan breached their ERISA fiduciary duties of prudence and loyalty by selecting underperforming, high-cost investments and causing the plan to pay excessive fees for services. The decision is notable for illustrating how pleading standards in investment performance and excessive fee litigation vary depending on jurisdiction.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
A California district court recently denied a motion to dismiss claims that the fiduciaries of a 401(k) plan breached their ERISA fiduciary duties of prudence and loyalty by selecting underperforming, high-cost investments and causing the plan to pay excessive fees for services. The decision is notable for illustrating how pleading standards in investment performance and excessive fee litigation vary depending on jurisdiction.
The US Department of Health and Human Services and the US Department of Justice recently published new proposed rules that update and create various requirements under Section 504 of the Rehabilitation Act of 1973 and Title II of the Americans with Disabilities Act of 1990. What are some of the biggest changes? Read more here. The post New Proposed Rules Aim to Enhance Healthcare Accessibility for People With Disabilities appeared first on EMPLOYEE BENEFITS BLOG.
In the landscape of the American workforce, a remarkable shift is underway. Older workers, individuals aged 65 and older, are emerging as one of the fastest-growing segments of the workforce. Contrary to conventional retirement norms, age 65 no longer signifies an automatic exit from professional life for many Americans. Instead, seniors are choosing to remain engaged, contributing their wealth of experience, expertise and wisdom to various industries and organizations.
As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.
International Foundation of Employee Benefit Plans
FEBRUARY 27, 2024
Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analyses on the latest benefit trends and compliance issues. Foundation members can visit ifebp.org/benefitsmagazine to view the full bimonthly print edition of the […] The post Missing Participants: Help From SECURE 2.0 and the Latest Best Practices appeared first on Word on Benefits.
The trend toward employees working remotely that began during the COVID-19 pandemic has proven popular, and many employers have been able to shrink their office costs by leasing smaller spaces. However, these changes have resulted in increased commercial building vacancy rates, and that can leave their owners with insurance problems. The National Association of Realtors has reported that the nationwide office vacancy rate in 2023 was 13.3%, up from 12.2% the year before.
There are many interesting applications of the economic concepts of supply and demand. Those are largely lost on the population, but the effects of economics are arguably universal. They surround us in our daily lives. We address them individually and collectively. Imagine a workforce that would band together to artificially control supply, and thus strive to manage the economic equation regarding the value of services.
ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.
Employee appreciation is a great way to keep your staff motivated and elevate your employer branding. You can reward them with cash bonuses and other monetary compensation types. However, this isn’t the only way to appreciate your workforce. Non-monetary incentives are innovative ways to reward your employees outside the standard benefits and financial compensation.
Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. As part of an £89 million investment, from 1 April the rate of pay for its 40,000 UK customer assistants will increase from £10.90 to £12 per hour, a 10.1% rise from last year. A full-time employee will see an increase of around £180 per month.
CEOs are turning to hybrid working to bring down costs amidst the recession as new office footfall data reveals that footfall in suburban and commuter down offices is booming. A study among more than 500 UK business leaders by IWG a quarter (24 percent) have cut their business’ city centre office space in favour of more cost-effective hybrid working in local sites.
Credit: Tupungato / Shutterstock.com Fashion retailer New Look has introduced a cloud human capital management platform to unify its HR and payroll processes for its workforce. Through a partnership with global human capital management firm Dayforce, the retailer will be able to provide a modern employee experience for its more than 8,500 staff and seasonal workers during busy holiday periods through a communications system that delivers timely updates and allows them to find help and informatio
The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.
Supermarket Asda has reported a 6.6% mean gender hourly pay gap for 2023, down from 7.6% in 2022. The employer’s median gender hourly pay gap for 2023 was 5%, up slightly from 4.7% in 2022. Its hourly-paid retail store employees make up 84% of its total workforce, while its upper pay quartile consists of 35.9% of females and 64.1% of males and its lower pay quartile consists of 60.1% of females and 39.9% of males.
To produce their best work, your employees may need assistance with a wide range of issues – from mental health and substance abuse counseling to childcare and legal matters. By offering employee assistance programs (EAPs), employers can help support employees and their family members while fostering a productive company culture. What is an employee assistance program?
With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance. Jonathan Watts-Lay, Director, WEALTH at work, comments; “In the current environment, it has become difficult for a lot of people to save as much as they would like, which can have a serious impact on financial resilience.
The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!
If you’re in the market for a new job, it’s important to know how to answer common job interview questions. One of the questions that candidates often worry most about is “why did you leave your last job?” It can be challenging to know just how honest you should be with your response. Will a prospective employer judge you for prioritizing salary or remote work options?
Bringing great talent onboard in your organization doesn’t come cheap. Between headhunters, fancy job boards, advertising costs, and endless rounds of interviews, recruitment expenses can quickly eat into your budget. With the average cost per hire in the US hovering around $4,700, it’s only prudent that you find ways to streamline your hiring process and cut expenses.
The expression of gratitude plays a pivotal role. As professionals, we often find ourselves navigating a landscape where recognition and appreciation from superiors are desired and crucial for fostering a positive work environment. Thank you reply to the boss for appreciation is not just a formality; it's an opportunity to strengthen relationships, boost morale, and cultivate a culture of acknowledgment within the workplace.
[link] 5 Essential Collections Interview Q & A’s Introduction to the collections specialist role As an HR professional hiring collections specialists, it’s important to understand their role and significance in the organization. A collections specialist plays a vital role in managing overdue accounts and ensuring timely payment from customers.
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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