Money Talk

DECEMBER 7, 2023

As the year winds down so, too, does your opportunity to take proactive steps to reduce 2023 income tax due in April 2024 and, perhaps, taxes due in future years as well. Below are some money-saving tax planning strategies to consider. Seek professional advice as needed. Early RMD Withdrawals - The “financial gap years” between age 59½ and 73 (or 75 if born in 1960 or later) are when there are no longer penalties for withdrawals from tax-deferred accounts but required minimum distributions are n

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Taxes Retirement Plan Deductions Deductible 206

PayrollOrg

DECEMBER 7, 2023

The Social Security Administration (SSA) reminded employers to check Business Services Online (BSO) accounts before filing season begins.

Employment 104

Employment 104

Workplace Insight

DECEMBER 7, 2023

You may recall that a couple of years ago, The Great Resignation was one of a handful of things with which certain people had become obsessed. Over a period of about six months at the end of 2021 and beginning of 2022, we were told repeatedly that huge numbers of people were about to quit their jobs to move to something better, pursue their dream of self-employment or whatever.

Architecture 111

Architecture Commissions Work From Home Media 111

3Sixty Insights

DECEMBER 7, 2023

Today, SAP is excited to share that SAP SuccessFactors Employee Central Payroll natively supports 50 locales across the globe, with the addition of Greece as part of our second half release. SAP is the only vendor to support cloud payroll for this many locales, helping organizations that operate across multiple countries manage their payroll on one system.

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Payroll Management Global Payroll Finance 110

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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

Retirement Plan

Employee Benefits

DECEMBER 7, 2023

Nearly half (46%) of employees said that working for an ethical employer is more important to them than a higher salary , according to new research by PR agency Unhooked Communications. It surveyed 2,015 UK adults on what they look for in an employer and what motivates them in their work for its HR unhooked pr and marketing report , and found that those aged 25-34 (54%) and those working in the environment and energy sector (65%) were most likely to agree that an ethical employer is more importa

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Salary Employment Government Media 105

Employee Benefits

DECEMBER 7, 2023

Credit: Claudio Caridi / Shutterstock.com Automobili Lamborghini has signed an agreement to balance its Italian employees’ leisure and work time through greater flexibility and reshaping working hours. Decided with the Unitary Trade Union Representation, FIOM CGIL and FIM CISL, the draft agreement for the years 2023-2026 sets out new work models that will not impact starting pay to be implemented initially on an experimental basis.

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Paid Leave Bonuses Salary Employee Benefits 105

McDermott Will & Emery Employee Benefits

DECEMBER 7, 2023

As of December 31, 2023, all employees physically working in Chicago for at least two hours in a two-week period will earn both one hour of paid leave and one hour of paid sick leave for every 35 hours worked, pursuant to an ordinance passed by the Chicago City Council on November 9, 2023. The new […] The post Chicago Employees to Receive 10 Days of Paid Leave appeared first on EMPLOYEE BENEFITS BLOG.

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Paid Leave Paid Sick Leave Employee Benefits Employment 104

3Sixty Insights

DECEMBER 7, 2023

In product management, I often receive feature request after feature request. Some requests are straightforward and I understand, and some I have to go back to the customer to for clarity. I’ll never forget receiving a request to “undo a hire” for an employee that already accepted a job. The problem, as described to me: employees are “no showing” on their first day of work, and the hiring company is forced to roll back the hire.

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Management Healthcare IT Technology 98

Workers' Compensation

DECEMBER 7, 2023

The Purdue Pharma bankruptcy case will significantly impact workers’ compensation cases nationally. The US Supreme Court heard oral argument this week, and the potential consequences are far-reaching. The Bankruptcy Court vehicle has been utilized by companies for almost four decades in asbestos mass tort litigation to shield entities from liability in exchange for universal payment to past and future victims.

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Workers’ Compensation Engineering Insurance Utilities 98

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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.

Workplace Insight

DECEMBER 7, 2023

An evidence review led by the University of Warwick has concluded that the increase of zero hours contracts over the last 20 years has created significant risk for workers. They found that unreliable work can result in a sudden loss of hours and earnings, and an inability to access legal advice for unfair or potentially unlawful employment practices.

Employment 97

Employment Management IT 97

15Five

DECEMBER 7, 2023

‘Servant leadership’ is all the rage. But too many leaders aren’t actually serving their people — they’re managing job descriptions. They’re thinking about how best to manage salespeople, engineers, and HR specialists, instead of considering Sandra, Bryan, and Mohinder, the individuals. But managing the actual people, behind the roles, is how you build an all-star cast of top performers instead of a revolving door.

Management 96

Management Engineering Global Payroll Human Resources 96

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 7, 2023

The day after Thanksgiving, while many of us were fortunate enough to be reaching for leftover pie, the IRS released proposed regulations implementing the requirement that 401(k) plan sponsors permit “long-term part-time employees” to make elective contributions to a 401(k) plan. These proposed regulations arrive just one month before the statutory requirements are set to take effect in 2024—meaning that plan sponsors need to quickly get familiar with the proposed rules.

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401(k) Retirement Plan Employment IT 94

Florida Workers' Comp

DECEMBER 7, 2023

These pages have periodically noted that the only constant is change. See Baseball, Hotdogs, Apple Pie, and Chevrolet (July 2013); What is Right with Comp (June 2016); What is Different (December 2021); Diversity, Equity, and Inclusion (October 2022). The law is ever-changing. Workers' compensation as a community is ever-changing. People come and go.

Workers’ Compensation 80

Workers’ Compensation Commissions Insurance Employment 80

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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.

Workplace Insight

DECEMBER 7, 2023

Patience plays a crucial role for team performance, reveals new research by the University of Cologne. The study, conducted by Professors Felix Kölle and Thomas Lauer, investigated cooperative behaviour, as well as its underlying mechanisms, in a setting in which the benefits from successful teamwork accrue only in the future. The results from their research suggest that firms can positively influence collaboration and productivity by strategically assigning employees with high levels of patienc

Recruitment 90

Recruitment IT 90

International Foundation of Employee Benefit Plans

DECEMBER 7, 2023

One of the first pieces of advice every personal finance guru will give you is “build up your emergency savings.” The advice has become as ubiquitous as it is effective. An emergency savings account (usually set at 3-6 months of a person’s […] The post Can Emergency Withdrawals Replace Emergency Savings? appeared first on Word on Benefits.

Finance 89

Finance Education Employee Benefits IT 89

InterWest Insurance Services

DECEMBER 7, 2023

The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year. Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional). That’s up $30 from this year.

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Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 86

Employee Benefit News

DECEMBER 7, 2023

Aman Mann, the co-founder and CEO of Procurify, believes organizations can protect both their employees' jobs and their bottom line.

Employee Retention 96

Employee Retention Management 96

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

Employee Wellness

HR Lineup

DECEMBER 7, 2023

In the ever-evolving landscape of talent acquisition, internal hiring has emerged as a strategic practice for organizations seeking to harness the full potential of their existing workforce. This approach involves filling job vacancies with existing employees rather than recruiting externally. In this article, we’ll delve into the nuances of internal hiring, exploring its benefits, challenges, and best practices.

Recruitment 80

Recruitment Technology Consulting Education 80

Qandle

DECEMBER 7, 2023

Your Ultimate Guide to Christmas Day and New Year Software Deals 2023 The holiday season is upon us, and as we deck the halls with boughs of holly, software companies are joining the festive chorus by offering enticing deals and discounts. Christmas Day becomes a tech wonderland, where digital dreams come true. Software developers and providers gear up to spread joy by bringing forth exclusive promotions, making it the perfect time for users to upgrade their digital arsenals.

Software 78

Software Human Resources Payroll Retail 78

InterWest Insurance Services

DECEMBER 7, 2023

Holiday parties have made a comeback despite, or maybe because of, more people working remotely. Many managers want to bring their teams together under one roof as it’s become apparent that connecting face-to-face is vital to a vibrant and cohesive work atmosphere. But if you are planning on throwing a company holiday party, there are a number of considerations for you to keep everyone safe and avoid issues that can result in injuries and/or lawsuits against your organization.

Food 76

Food Management Employment IT 76

Employee Benefit News

DECEMBER 7, 2023

As the new year approaches, professional growth, workplace culture, and return to office are top of mind.

Management 101

Management 101

Advertiser: Paycor

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Employment

Employee Benefits

DECEMBER 7, 2023

Valeriya Zankovych / Shutterstock.com Communications firm Cisco, professional services network Deloitte and hotel chain Hilton have been named as some of the best workplaces for parents in 2023. Through Great Place To Work’s Trust Index survey, employees shared confidential feedback about their organisation’s culture by responding to 60 statements on a five-point scale and answering two open-ended questions.

Parental Leave 59

Parental Leave Human Resources Comprehensive Benefits Professional Services 59

Employee Benefit News

DECEMBER 7, 2023

Dr. Lisa Becht, double board-certified fertility specialist at HRC Fertility, breaks down the implications of California's new leave policy.

Employee Benefits 85

Employee Benefits 85

Employee Benefits

DECEMBER 7, 2023

Cybersecurity, secure networks and secure cloud distributor Infinigate Group has appointed Caroline Hutchins chief people officer , effective this month. In her new role, Hutchins will galvanise the organisation’s human resources towards its goals to continue its trend of double-digit growth for more than 15 years, and help to support and inform its culture , in which performance, innovation and continuous learning play a crucial role.

Retail 59

Retail Human Resources Professional Services Technology 59

Employee Benefit News

DECEMBER 7, 2023

Employers can demonstrate their commitment and maintain compliance by following key steps.

Employment 101

Employment Technology Management 101

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.

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