Thu.Nov 14, 2024

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HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Below, we’ve outlined the key differences of an HSA vs. FSA so you can see how they work, the advantages to each, and why you should participate in them. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

401(k) 98
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10 unexpected FSA-eligible purchases you can make before the year is up

Employee Benefit News

The FSA store compiled a list of popular but unexpected FSA-eligible products for 2024.

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How to Help Women Employees Build Financial Security

Best Money Moves

Women’s equality in the workplace has gradually improved over recent decades — yet despite this progression, female employees still face discrimination and pay disparity that threatens their financial security. In 2002, women made about $0.80 for each $1 their male counterparts made in 2002, according to Pew Research. Today, over 20 years later, the gender wage gap of about $0.80 on the dollar persists.

Finance 59
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How employers can take their caregiving benefits to the next level

Employee Benefit News

November is National Caregivers Month. Now is a good time for employers to increase support for their working caregiver population.

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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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Case Study: Peabody Saves Cost & Time Entrusting Benefits Administration to Empyrean

3Sixty Insights

What if your team could truly free up time to focus on your core business? That’s what leading coal producer Peabody experienced. A global enterprise headquartered in St. Louis, Missouri, Peabody operates 17 mines and serves customers in more than 20 countries. In her 30 years at Peabody, Vice President of Total Rewards, Julie Nadolny has helped build a strong HR team, many with 20+ years’ tenure, to administer health & welfare plans, retirement programs, executive and broad-based compensati

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Pluxee Employee Discounts Platform

Sodexo Engage

Pluxee Employee Discounts Platform mariana.nunes Thu, 11/14/2024 - 13:07 Give employees more freedom in the choices they make every day, and the chance to get more from life with a wide range of discounts at their fingertips. Employee Discounts Platform Powering your employee engagement strategies and enhancing workplace wellbeing with an extensive range of discounts that make life more affordable and enjoyable.

Retail 52
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How employers can promote financial security

Employee Benefit News

There is a movement on the federal level to promote a national strategy for financial inclusion. In the meantime, there are steps employers can take to encourage workers to save for emergencies and for retirement.

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Pluxee Employee Assistance Programme

Sodexo Engage

Pluxee Employee Assistance Programme mariana.nunes Thu, 11/14/2024 - 14:26 Embed a confidential EAP service into your business that delivers a return on investment. Remove the stigma around mental health with an Employee Assistance Programme (EAP). Mental illnesses such as depression and anxiety are believed to trigger 70% of doctor visits and 85% of serious illnesses.

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SECURE 2.0 student loan matching will serve as talent magnet

Employee Benefit News

New provision expected to pay dividends for organizations in health care, law and education whose new hires are likely to incur six-figure student loan debt.

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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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Employee Discounts Platform LP

Sodexo Engage

Employee Discounts Platform LP mariana.nunes Thu, 11/14/2024 - 13:07 Give employees more freedom in the choices they make every day, and the chance to get more from life with a wide range of discounts at their fingertips. Why Choose Our Employee Discount scheme? Exclusive Discounts - We partner with over 100 retailers, so your people can save on everything from the weekly shop to top tech, holidays, and more!

Retail 52
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How employers can rethink workplace benefits to better support Americans' well-being

Employee Benefit News

Exploring options that enhance employees' financial, physical and mental wellness can help retain talent and keep workers healthy and happy.

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Employee Assistance Programme LP

Sodexo Engage

Employee Assistance Programme LP mariana.nunes Thu, 11/14/2024 - 14:26 We’re removing the mental health stigma. Are you? Remove the stigma around mental health with an Employee Assistance Programme (EAP). Mental illnesses such as depression and anxiety are believed to trigger 70% of doctor visits and 85% of serious illnesses. Be proactive. Empower your people to recognise the signs of mental ill health and give them a safe place to turn when they need support.

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Zenimax QA Workers Strike over Microsoft’s Return to Office Policy

HR Digest

ZeniMax workers strike against Microsoft over job security and remote work policies. On November 13, ZeniMax QA employees staged a strike, taking a stand against Microsoft’s “Work from Home” policy and the outsourcing of their quality assurance jobs. ZeniMax Workers United-CWA is one of the largest unions in the gaming industry, and this time, the members of the union protested at ZeniMax offices in Texas and Maryland.

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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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Cultural intelligence: Building inclusive workplaces

Business Management Daily

You don’t have to go far to find someone with a background unlike yours. In any given Starbucks line, there stands someone with solid convictions about political issues, a religious belief, the superiority of some movie, the importance of science, or even a dismissal of science as a distraction from real truth (whatever that is). There’s no end to the different types out there.

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FTC Lawsuit Against Meta on Instagram and WhatsApp Acquisitions Moves to Trial

HR Digest

Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission (FTC) lawsuit seeking its break-up. This Meta antitrust trial is over claims that it bought Instagram and WhatsApp to crush emerging competition in social media, a judge in Washington ruled on Wednesday. Meta once again asked the court to dismiss the FTC’s case in April.

Media 52
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Unpacking the Over-the-Counter Contraception Proposed Rule

McDermott Will & Emery Employee Benefits

Sarah Raaii recently joined McDermott+’s Maddie News on the Health Policy Breakroom Podcast to discuss proposed rules issued by the Biden administration that require health plans to cover certain over-the-counter services, including contraception items. Access the podcast episode here.

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In Light of a Mixed Q3 Report, AMD Announces Job Cuts

HR Digest

After Intel’s big move to restructure its workforce , AMD has announced job cuts at its organization as well. The AMD layoffs will see the workforce sliced by 4%, a move that should help the company focus its resources on “its largest growth opportunities.” After the company revealed its Q3 earnings report last month, its share fell by 13%. While its stock price is still 3.9% higher than where it was when the year began, AMD’s performance is still not stable enough for its, and its investors, l

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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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Highlights of Recent Webinars

Money Talk

It’s that time again! Every so often, I like to review and summarize my notes from recent webinars and classes. Below are some interesting tidbits that caught my attention from recent programs: Financial Education - Financial educators don’t teach content- we teach human beings- and our authentic self is an advantage. Share stories of your struggles as well as your successes to accrue trust over time.

Finance 192
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Outmaneuvering the Competition: A Deep Dive into Competitive Analysis for B2B SaaS

3Sixty Insights

In our previous post, we explored the importance of Industry Analysis as the foundational step in market research for B2B SaaS companies. We discussed how understanding the broader market landscape sets the stage for informed strategic decisions. We also introduced a case study of a B2B SaaS company aiming to launch a project management tool tailored for remote teams, focusing on AI integration and robust security features.

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What Is An Explanation of Benefits (EOB)?

PeopleKeep

Have you recently had a doctor's office visit? If so, you likely received an explanation of benefits (EOB) in your mailbox. While it may seem like a bill, an EOB is simply a statement that helps you track your covered services and anticipated medical expenses. All health insurance policyholders will likely receive an EOB at some point. While it may be confusing initially, knowing how to read an EOB will make you more knowledgeable when receiving healthcare and paying out-of-pocket costs.

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Pertinent Questions

Florida Workers' Comp

I get some intriguing emails from time to time. I received one recently in which the inquirer expressed some questions for the good of the community. The writer laid claim to the role of "sounding board" and suggested that dissemination of information would benefit the workers' compensation community writ large. There is no prohibition on asking broad questions.

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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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What are Recruitment Fees & Its Types?

HR Lineup

Recruitment is an essential part of any business. Organizations often rely on recruitment agencies to help them find qualified candidates for open positions. In return, recruitment agencies charge recruitment fees for their services. These fees can vary greatly depending on several factors, including the type of recruitment service provided, the complexity of the hiring process , and the type of employment agreement.

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Top 10 Tools for Efficient Recruitment Management and Hiring

Qandle

Finding the perfect candidates is a challenging process for businesses of all sizes, and that’s where recruitment management systems (RMS) come in. These systems streamline every part of hiring, from job posting to onboarding, making it easier for HR teams to find, attract, and hire top talent. In today’s digital-first world, using an online recruitment management system can save time, reduce hiring costs, and enhance the quality of hires.

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Guide to yacht insurance: Tips and coverage options

Higginbotham

Yacht insurance plays a crucial role in safeguarding your investment on the water. It can provide protection for risks ranging from liability for on-board incidents to accidental damage to your vessel. Understanding the key coverage options and factors involved can help you select the policy that best aligns with your needs. Understanding Yacht Insurance Yacht insurance is designed to protect owners from various risks and provide peace of mind.

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Florida: Late Change in Doctor’s Causation Opinion Required Hearing Continuance

The Workcomp Writer

Florida’s First DCA recently vacated a workers’ compensation order awarding benefits after finding that a Judge of Compensation Claims (JCC) abused his discretion by not granting a continuance that had been requested by the employer/carrier [ Payroll v. Villarreal , 2024 Fla. App. LEXIS 8541 (Fla. Ct. App., 1st Dist., Nov. 6, 2024)]. The continuance had been sought when a treating physician unexpectedly reversed his causation opinion just weeks before the final hearing.

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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.