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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Build corporate and employee resilience to combat election stress

Employee Benefit News

Making company values and the support of workers a known part of an organization can offer stability in times of turmoil

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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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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.

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10 HR Metrics for 2025: HR Data Toolkit

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!

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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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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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#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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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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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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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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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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How employers can make the 'Big Stay' permanent

Employee Benefit News

Organizations should use this opportunity to build strategies to ensure long-term retention of workers.

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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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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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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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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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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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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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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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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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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 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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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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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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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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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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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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Connecticut Court Limits Reach of Res Judicata in Workers' Compensation Cases

The Workcomp Writer

In a decision that reiterates an important point—that the doctrine of res judicata does not apply where the parties did not have a full and adequate opportunity in the earlier forum to litigate the issues fully—the Appellate Court of Connecticut has reversed a state trial court’s decision that had granted summary judgment favoring a workers’ compensation carrier that had been sued by a former policy holder in a civil action alleging negligent misrepresentation, negligence, and violations of the

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4 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.