Thu.Aug 15, 2024

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Take-Aways from #AFCPE2023- Part I

Money Talk

One of the great features of the annual Association for Financial Counseling and Planning Education (AFCPE) Symposium is that AFCPE now makes video recordings of all of the breakout sessions and makes them available to attendees for a year. Gone are the days when you need to choose one session from among three topics of interest and miss the other two.

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AI at the WCI, Oh My!

Florida Workers' Comp

The Associated Press reports on people who struggle to accept and comprehend Artificial Intelligence. The real challenge is said to be for the "older Americans." The focus of the story is "adults - many of whom lived through the advent of refrigeration, the transition from radio to television, and the invention of the internet." This group is struggling with AI, what it means in the near term, and tellingly "how do you know if its fake or not.

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Most people support shift to a four day week

Workplace Insight

A new poll claims that a significant majority of voters who supported the new Labour government are in favour of transitioning the UK to a shorter working week. According to data collected by Survation and commissioned by The Autonomy Institute , 72 percent of Labour voters back the idea of a four-day work week. The survey, which included responses from 2,048 adults, specifically asked whether participants would support a government initiative to move towards a shorter working week, with no loss

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Employers Project 8% Rise in Health Care Costs for 2025

International Foundation of Employee Benefit Plans

U.S. employers project a median health care cost increase of 8% for 2025, according to International Foundation of Employee Benefit Plans survey results. This is an increase over similar surveys conducted in 2022 and 2023, which projected a 7% rise in costs. […] The post Employers Project 8% Rise in Health Care Costs for 2025 appeared first on Word on Benefits.

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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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People think GenAI is perfectly fine in their own work. For others, not so much

Workplace Insight

People are commonly blind to how much influence Generative AI (GenAI) has over their work, when they choose to enlist the support of technologies such as Chat GPT to complete professional or educational tasks, new research finds. The study, carried out by associate professors Dr Mirjam Tuk and Dr Anne Kathrin Klesse alongside PhD candidate Begum Celiktutan at Rotterdam School of Management Erasmus University , claims to reveal a significant discrepancy between what people consider to be an

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Health Plans Covering Fewer Drugs, Imposing More Restrictions

InterWest Insurance Services

As prescription drug costs continue growing and pricey new pharmaceuticals add to health plans’ cost burdens, some carriers are starting to reduce the number of medications they’ll cover and are imposing new barriers to accessing the most expensive ones. According to a new study by GoodRx , a website that helps people find discounts and rebates on prescription medications, Medicare Part D insurance companies in 2024 cover 54% of all drugs approved by the Food and Drug Administration,

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Tips on Addressing Gaps in a Resume to Take Control of Your Career

HR Digest

Addressing work gaps in a resume can be a very tricky task. Taking time off from work or being forced to do it due to unavoidable circumstances is something that most workers encounter at different parts of their careers. These issues are often inevitable but they do still have an impact on an employee’s future prospects. These individuals don’t permanently lose their experience or knowledge during the period but an employment gap on a resume is still seen as unfavorable.

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Building a Remote Work Toolkit: Essential Resources for Effective Remote Teams

Qandle

The rise of remote work has transformed the traditional workplace. As businesses adapt to this new normal, providing employees with a comprehensive remote work toolkit is crucial. This blog explores the essential components of an effective remote work toolkit and provides practical examples to help organizations implement these tools successfully. Looking for the Best Remote Work Toolkit ?

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Study Predicts 8% Group Health Plan Cost Increase for 2025

InterWest Insurance Services

A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023. The higher rates reflect the costs borne by health insurers, which are seeing more claims for care that was postponed during the COVID-19 pandemic and a steady rise in the cost of pharmaceuticals as more innovative and effective drugs come to market, according to the study by PricewaterhouseCoopers.

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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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The secret to being a fully remote company in 2024

Employee Benefit News

Andy Baker, chief people officer at Nerdio, shares why the software company is fully remote, and stronger for it.

Software 101
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European banks are over-valuing commercial property, ECB report suggests

Workplace Insight

An analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone’s leading banks may be inflating the value of commercial property, potentially obscuring the true state of their loan portfolios in a sector that is facing significant challenges. The analysis suggests that some banks are failing to properly account for the steep downturn in the commercial property market, which has been severely impacted by higher borrowing costs and weakened demand as busines

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CEOs run companies from afar while workers return to HQ

Employee Benefit News

Top leaders of Starbucks and Victoria's Secret will work states away from their company's main office.

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#HRTechChat: 58,000 Assessments and 18 Key Learnings

3Sixty Insights

As part of researching The Five Talents that Really Matter, Barry Conchie and Sarah Dalton, the co-authors, conducted and reviewed 58,000 talent assessments. Their research was global in nature, and they studied leaders at every organization level. Their findings challenge the status quo and call out for leaders, at times, things they may not have wanted to know.

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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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5 tips on keeping your social media presence employer friendly

Employee Benefit News

Don't lose your job over a post. An expert shares how job seekers can minimize risk.

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Confessions of a benefits manager: Candid reviews the reward strategy

Employee Benefits

It is always the way when Big Bad Boss comes back from a seminar; he gets a rush of enthusiasm for making changes. Well, not so much for making them, but for making me make them. This time he wants me to review the reward strategy. Now as it happens, I love working on reward strategy; I like being out of the detail for once and the word ‘strategy’ makes me feel important.

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How much is my drug copay?

CorpStrat

As a consumer or employer navigating the complex world of prescription medications, one of the most frustrating questions we hear is, “How much is my drug copay?” It seems like it should be a simple answer, but in today’s rapidly changing pharmaceutical and insurance landscape, it’s becoming increasingly complicated. Let us share our experience and what our clients can learn.

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UK is sixth best country in Europe for working women

Employee Benefits

The UK has been found to be the sixth best country in Europe for working women, according to new research by Digital PR Agency. It uncovered the state of workplace gender equality across Europe by creating a points-based index system using available data. It analysed the number of women in leadership positions, female employment, the gender gap index and maternity policies in each country.

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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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A roadmap for success: 10 fleet management best practices

WEX Inc.

Managing a fleet of commercial vehicles is a big job no matter how many vehicles you have on the road. From small businesses with only a couple of trucks to large organizations with hundreds of vehicles on the road every day, every business can benefit from adhering to fleet management best practices. In this article, we’re highlighting the impact that a robust and efficient fleet management strategy can have on your organization, from driver well-being to bottom-line benefits, as well as how to

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AtkinsRéalis becomes menopause-friendly employer

Employee Benefits

Engineering consultancy firm AtkinsRéalis has become a menopause-friendly employer as part of its position as a business dedicated to inclusive workplace practices and policies. Established by industry experts Henpicked, the accreditation sets and assesses clear and high standards. To achieve it, AtkinsRéalis was assessed by an independent panel and was required to provide evidence of effectiveness in the areas of culture, policies and practices, training, engagement , and working environment.

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Crafting a people-first company culture

Higginbotham

What sets the most successful and dynamic brands apart? It’s not just about the services they offer or the products they create: it’s about how they view and treat their most essential asset – their employees. A people-first company recognizes that its team is the centerpiece of its success and crafts a culture that supports this philosophy. This approach to company culture can have several benefits: enhanced productivity, greater employee well-being, strengthened recruitment strategies, improve

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Stagecoach bus workers in Oldham agree to pay and conditions offer

Employee Benefits

More than 450 Stagecoach bus workers based in Oldham have agreed to an improvement in their pay and conditions following negotiations. The discussions between the employer and the union Unite, which represents the employees, resulted in a 6.25% pay increase and an additional five days of holiday, along with a major improvement in their sick pay. Before the agreement was finalised, members took part in a ballot regarding whether they should take industrial action, with 87% of them voting to accep

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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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Assessing the Recent Claims Against Sellers and Other Non-Trustees in Lawsuits Relating to ESOPs

McDermott Will & Emery Employee Benefits

Increasingly, sellers of stock and others who customarily have not been named as defendants alongside employee stock ownership plan (ESOP) trustees are being sued in lawsuits relating to ESOPs. Chris Nemeth and Jane Kim recently presented a webinar to members of the National Center for Employee Ownership (NCEO) analyzing this trend.

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5 strategies for managers that will change everything

Business Management Daily

by Bonnie Low-Kramen and Sophia Young Managers need help. More specifically, you need help in the form of training to skillfully handle your teams, some of whom are in person at the office and many others who are working in a hybrid and remote way. How are managers managing all this? Not well, according to research. Alexis Krivkovich, a senior partner at McKinsey & Company, comments, “Many managers are saying, ‘This job has become incredibly hard.

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Pluxee UK Answers the Question: What is a Prepaid Card?

Employee Benefits

You’re looking to integrate employee rewards and financial wellbeing benefits into your people strategy, but navigating the options can be overwhelming. From prepaid cards and cashback cards to vouchers and one-time payments, selecting the right solution for your team and business can be time-consuming. Since time is money, Pluxee UK is helping you save both with a single prepaid cashback card, powered by Visa, that combines employee rewards and benefits.

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IRS ERC Denial letters: Errors & how to appeal

Business Management Daily

When the IRS outlined its next steps for employee retention credit fraud enforcement , it said it would begin sending out disallowance letters to the 10% to 20% of employers that clearly didn’t qualify for the credit. Those letters have now started to flow. Recipients—or, more likely, their lawyers—have noticed some egregious errors. Letter 105C If the IRS disallows your ERC claim, you will receive Letter 105C, Claim Disallowance.

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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.