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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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.

Media 104
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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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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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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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As hybrid offices continue to evolve, report explores global occupancy planning

Workplace Insight

Four years after the start of the pandemic, a new survey from JLL claims that hybrid working is now the most common workstyle globally, with 87 percent of organisations operating with a hybrid program today. JLL’s new 2024 Global Occupancy Planning Benchmarking Report claims to outline how hybrid offices are actively shifting to accommodate a greater variety of work activities and how companies can look at occupancy planning and workplace design more holistically to reflect these changes.

Utilities 110
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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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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 107
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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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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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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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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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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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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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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.

Salary 59
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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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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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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.

Payroll 52
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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.

Taxes 52
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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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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.

Payroll 52
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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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Five Ways to Celebrate This Year’s NPW

APA Congress Today

From September 2-6, PayrollOrg chapters, organizations, and individuals will come together to celebrate that joyful “We Just Got Paid” feeling as part of National Payroll Week ® (NPW).

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Florida Court Reverses Award of Attendant Care Award to Claimant’s Husband

The Workcomp Writer

A Florida appellate court yesterday set aside, in relevant part, a JCC’s decision awarding a claimant’s husband payment for attendant care services [ Girardin v. AN Fort Myers Imps., LLC , 2024 Fla. App. LEXIS 3564 (1st DCA, May 8, 2024). The appellate court held the JCC erred by failing to ensure the husband was paid only for services that did not fall within the scope of normal household duties gratuitously provided by family members, as required by § 440.13(1)(b), Fla.

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PayrollOrg Employees Honored During 42nd Annual Payroll Congress

APA Congress Today

PayrollOrg celebrated 13 staff members for their tenure during today’s Closing General Session at the 42nd Annual Payroll Congress in Nashville, Tennessee. These employees have been valued members of PayrollOrg’s staff for at least 10 years and were given commemorations celebrating their longevity.

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Divided W. Va. Supreme Court Affirms Denial of Parkinson’s Disease Claim

The Workcomp Writer

In a split memorandum decision, the Supreme Court of West Virginia affirmed the denial of workers’ compensation benefits to a claimant who alleged he developed Parkinson’s Disease due to occupational exposure to paints, solvents and chemicals as an auto paint technician [ Gwinn v. Lewis Chevrolet Co. , 2024 W. Va. LEXIS 200 (May 7, 2024)]. The court held the claimant failed to establish a clear diagnosis of the disease, as required by W.Va.

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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.