Thu.May 09, 2024

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Retirement Research Results and Recommendations

Money Talk

I recently reviewed notes that I took at recent presentations about retirement. Below are seven recommendations that stood out to me and might be helpful to Money Talk blog readers: Define Your New Self - People may retire after decades of work, but they do not retire from life. To prepare for this transition, make a point to define yourself by who you are rather than what you do.

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Nike Layoffs Announcement to Affect 740 Employees by June 28

HR Digest

The Nike layoffs announcements from back in February will soon finish taking shape in June, as 740 employees from their World Headquarters in Oregon will be asked to leave. The company had announced a 2 percent reduction of the workforce, targeting a reduction of at least 1,600 employees over time. Nike’s layoffs within its workforce are part of a much larger cost-cutting strategy after their last annual report in December did not see profitable results to the degree the company had expected.

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75% used workplace schemes to access healthcare services through insurance

Employee Benefits

Of the 1.8 million employees who accessed healthcare services through health or protection insurance in 2022, 1.3 million (75%) relied on workplace-provided schemes to do so, according to research by the Association of British Insurers (ABI). Its Growing demand – increased use of health and protection services in 2022 report also found that almost 600,000 (87%) of the 700,000 people included in the research who used virtual GPs in 2022 did so through their employer’s scheme.

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More content! New themes! New font! Same old team! It’s all there for you in this issue of Works magazine

Workplace Insight

The digital edition of the new Works magazine is now available for you here. And it’s bigger, and dare we say better, than ever. In this issue: we look back on Milan Design Week and forward to Clerkenwell Design Week; there are no fewer than four projects highlighting the latest design trends and thinking; we present the award winners from the Sustainable Design Collective; explore how biophilia shouldn’t just be about a plant in the office and a picture of field on the wall; set out

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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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Bristow Helicopters pilots and technical crew strike over pay and benefits

Employee Benefits

Credit: Photofex_AUT / Shutterstock.com Pilots and technical crew employed by Bristow Helicopters are undertaking strike action this week in a dispute over pay and benefits. The search and rescue winch operators and paramedics, who are members of the British Airline Pilots’ Association (Balpa), began strike action on Tuesday. It will continue for the rest of the week.

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Showtown Blackpool rolls out play days and commits to making work fun

Employee Benefits

Showtown Blackpool, which is operated by the Blackpool Heritage and Museum Trust, has introduced quarterly play days and monthly feel better circles to create a workplace culture of success for its employees. Through the creation of a cultural programme that reflected its values as part of a year-long partnership with consultancy Laugh Think Play, the museum has invested in employees’ personal and professional development by giving them the opportunity to come together and check in.

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IRS Announces 2025 Limits for Health Savings Accounts, High-Deductible Health Plans and Excepted Benefit HRAs

McDermott Will & Emery Employee Benefits

The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2024-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2025. All of the dollar limits currently in effect for 2024 will change for 2025, with the exception of one […] The post IRS Announces 2025 Limits for Health Savings Accounts, High-Deductible Health Plans and E

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Hubris and Petulance

Florida Workers' Comp

There are a great many judges in this world. The idea of a judicial system is reasonably universal, though the stature, dignity, and independence of those display some significant degrees of variety across the globe. In the United States, there are something more than 30,000 judges. In such a broad field of people, it is likely difficult (at best) to distinguish yourself.

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5 foods you can add to your diet to combat stress

Employee Benefit News

Lifesum's workplace well-being director offers her guide to eating better for your mind, as well as your body.

Food 101
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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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CMS Releases FY 2025 IPPS Proposed Update

McDermott Will & Emery Employee Benefits

On April 10, 2024, the Centers for Medicare & Medicaid Services (CMS) posted the Hospital Inpatient Prospective Payment System (IPPS) proposed update for fiscal year (FY) 2025, along with proposed policy and regulation changes. The proposed rule would update Medicare payment policies and quality reporting programs relevant for inpatient hospital services, and build on key […] The post CMS Releases FY 2025 IPPS Proposed Update appeared first on EMPLOYEE BENEFITS BLOG.

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From financial wellness to mental health support, 5 benefits nurses need now

Employee Benefit News

Long-time nurse Rachel Norton shares steps leadership can take to make sure RNs know they're appreciated.

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Why Transparency is the Secret to Improving Employee Experience?

HR Lineup

In today’s rapidly evolving corporate landscape, the focus on employee experience has become paramount. As organizations strive to attract and retain top talent, they are increasingly recognizing the importance of fostering an environment where employees feel valued, engaged, and empowered. While various factors contribute to a positive employee experience , one key ingredient stands out: transparency.

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What will happen to young talent if AI eliminates entry-level jobs?

Employee Benefit News

Data from a workplace insight platform shares that most leaders even trust AI's decisions over that of young talent.

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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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Generative AI and Security Implications in the Workplace

International Foundation of Employee Benefit Plans

Although artificial intelligence (AI) technology has been used for years to create algorithms, identify patterns and automate processes, certain AI-powered tools are newer and still evolving. One such tool is generative AI. Along with other AI tools, generative AI is gaining use […] The post Generative AI and Security Implications in the Workplace appeared first on Word on Benefits.

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Fostering a future-forward corporate culture through innovative health insurance plans

Employee Benefit News

Innovative plan strategies can have a wide-range, positive effect on a diverse workforce.

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Top 5 Benefits of Employee Recognition

Hppy

Most companies agree that it’s important to recognize employees’ hard work and dedication on a regular basis. By recognizing employee achievements and progress, companies can foster a stronger work environment where team members are more satisfied and loyal to the company. We’ll review a few of the top benefits of an employee recognition program.

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NYC sued for withholding IVF coverage for gay male employees

Employee Benefit News

The lawsuit brings forth the question of who gets covered by employer-sponsored health plans.

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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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Work-life balance… supporting the needs of working parents

Employee Benefits

Following on from last week’s Maternal Mental Health Campaign, we’re keeping the focus on working parents. We say working parents, but there will be a specific focus on working mums for reasons we’ll delve into during this blog. Work-life balance isn’t just about time; it’s about having the energy – physical and mental – and finances to get the most from life.

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Total Payroll Transformation: Payroll Congress Photo Slideshow #3

APA Congress Today

See photos from Wednesday's Costume Contest and FÊTE! Payroll Congress Party and Thursdays workshops, Expo, and more at PayrollOrg's 42nd Annual Payroll Congress in Nashville.

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Virtual cards vs. ghost cards: Learn the differences

WEX Inc.

Ghost cards and virtual cards allow you to make payments without depending on a physical card. Let’s explore ghost cards and virtual cards to help you decide which payment method can benefit your business the most. Are virtual cards the same as ghost cards? No. While they operate very similarly (during the point of purchase and from a supplier standpoint), they have different characteristics that influence the benefits your business receives.

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Education Key to Attaining Goals, Says Yannetta

APA Congress Today

Ryan Yannetta, CPP, PHR, SHRM-CP, doesn’t care that it took him three times—three times!—to pass his CPP. In fact, the Vice President, Implementation at ExtensisHR believes it is an indication of his passion for payroll, his chosen profession.

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7 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.

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20 Best Productivity Books You Should Read

BetterUp

Reading some of the most recommended productivity books is a great place to start when you're looking to level up your self-development and productivity.

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Keynote Speaker Kelly Swanson Shares the Power of Story at Payroll Congress

APA Congress Today

Keynote Speaker Kelly Swanson shared the power of story during the Closing General Session at the 2024 Payroll Congress.

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Ensuring payroll compliance in 2024: What’s new?

Business Management Daily

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 to new IRS enforcement initiatives, there’s a lot of payroll administrators need to know.

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Global Reception Draws International Payroll Pros To Payroll Congress

APA Congress Today

Sharon Tayfield remembers when it was just her and four others who made the trek to the United States for Payroll Congress.

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The HR Leader’s Workforce Management Guide

In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.