Wed.Apr 17, 2024

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How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Credit: Andrey_Popov/Shutterstock Need to know: The cost-of-living crisis is forcing more employees to take on additional work due to financial pressures, raising concerns around burnout. Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. Employers need to ensure there is a culture where people can discuss financial concerns.

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Hospital Settles With OCR for $4.75 Million Over HIPAA Violations

McDermott Will & Emery Employee Benefits

The US Department of Health and Human Services Office for Civil Rights (OCR) recently reached a $4.75 million settlement with a New York City hospital for alleged violations of the Health Insurance Portability and Accountability Act (HIPAA). According to OCR, in 2013, a former hospital employee sold the electronically protected medical records of 12,517 patients […] The post Hospital Settles With OCR for $4.75 Million Over HIPAA Violations appeared first on EMPLOYEE BENEFITS BLOG.

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Employee wellbeing levels drop since the start of the Covid-19 pandemic

Employee Benefits

Wellbeing levels among employees have dropped since the start of the Covid-19 pandemic, falling from 73% in 2020 to 66% in 2023, according to employee engagement expert Inpulse. Insights from 30,000 employees across the UK and Europe formulated Inpulse’s Wellbeing index , which measures five core elements of wellbeing: work-life balance, support, workload, connection and mental health , scoring them between 0 to 100%.

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This Earth Day, recycle 401(k) savings to avoid IRA landfill

Employee Benefit News

Amid cash-outs, stranded plans and suboptimal investments, a SECURE 2.0 provision runs the risk of expanding asset waste in the proverbial 401(k) landfill.

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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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Social Anxiety: How to Ask for Help When People Stress You Out

BetterUp

Jump to section What is social anxiety disorder? Diagnosing social anxiety disorder What triggers social anxiety? How can social anxiety affect your life? What’s the treatment for social anxiety disorder?

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Maven expands family-building benefits with conception support

Employee Benefit News

Seventy-five percent of women have misconceptions around their fertility. Maven's new program is providing needed guidance from the start.

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HR Audit: Meaning, Importance, Types, Process & Benefits

HR Lineup

In today’s dynamic business environment, organizations face multifaceted challenges ranging from regulatory compliance to talent management. Human resources (HR) serve as the backbone of any organization, driving its success by managing the most valuable asset—its people. However, ensuring HR practices align with organizational goals and comply with legal standards is paramount.

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Is the anti-DEI trend actually hurting diversity efforts?

Employee Benefit News

Despite troublesome headlines, 66% of businesses have actually increased their commitment to inclusion efforts over the past year.

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Gi Group ensures pay strategy and benefits support employees’ wellbeing

Employee Benefits

Recruitment firm Gi Group has put measures in place to help its employees cope with the cost pressures they are under. Cindy Gunn, group head of people at Gi Group, says: “Recruitment isn’t the most profitable sector so we have to be a bit more creative to make sure our employees feel valued and rewarded.” One measure has been to revamp its variable pay scheme to include achievable targets, which enables staff to increase their overall earnings without having to increase base salaries.

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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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Gray divorce can derail retirement

Employee Benefit News

Late-in-life divorces have more than doubled since 1990, and they often decimate retirement savings.

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All change. Jennifer Bryan on the Workplace Cocktail Hour

Workplace Insight

Change management consultant and author Jennifer Bryan invites Mark Eltringham to share a Cosmopolitan and discuss how firms can better help people to thrive in a rapidly changing world. Along the way they talk about the futility of trying to work out how much time everybody should spend in an office, how an American came to use words like brilliant and Zed so effortlessly, the need for crises to get things moving some times, and what happens next.

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Layoff whiplash scars workers who find new jobs, only to lose them

Employee Benefit News

An increasing share of jobseekers say it's likely they'll get laid off from their current or new job in the next six months.

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From pixels to patterns: the unprecedented surge in screen time

Workplace Insight

Technology has transformed our personal relationships by making communication more accessible than ever before. But, are we implementing best practices to ensure a positive and sustainable relationship with our technological devices? In today’s digital age, screens have become an integral part of our daily lives. From smartphones and tablets to laptops and televisions, we are surrounded by screens at every turn.

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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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The parental benefits at Crunchbase make it easy to put family first

Employee Benefit News

An inclusive company culture makes this business platform an ideal workplace for parents.

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AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

Workplace Insight

Just ten years ago, AI systems couldn’t even classify images as well as humans. Now, they’re routinely outperforming people on a range of tasks, according to a new report from the Stanford Institute for Human-Centered Artificial Intelligence (HAI). The 2024 AI Index is the latest update to the annual analysis of trends in artificial intelligence.

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Nick Bustin: What are the benefits of pension salary sacrifice schemes?

Employee Benefits

Pension salary sacrifice schemes are not a new concept, but one that all employers should consider, especially at a time where the tax burden on both employers and employees is high. These schemes, which see employees sacrifice some of their monthly salary in return for increased employer pension contributions, are not only good for helping employees to plan ahead for their retirement, but also offer tax benefits.

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Yes “We” Can—How to Delegate Effectively at Work

HR Digest

One of the toughest challenges leaders—and managers by extension—face, is in learning how to delegate effectively. With the amount of work that floods into the office every day, there are always new tasks to address and additional problems that arise with each one. When managers are able to prioritize better and ensure they have time for their team, employees become more capable of getting through their work rather than settling for a scattered manager who leaves multiple assignments unfinished.

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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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Thorntons enhances inclusive family-friendly policies

Employee Benefits

Law firm Thorntons has rolled out enhanced and inclusive family-friendly policies to support its more than 580 staff and partners. New mothers at the firm will receive treble the existing maternity pay, which will rise to 26 weeks at full pay and 13 weeks at half pay. Those adopting a child will receive the same benefits. Co-parents will receive 12 weeks of paid shared parental leave, which replaces the standard approach of two weeks following a birth or adoption, to reflect co-parenting needs a

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9 questions to ask before you rehire an employee

Business Management Daily

He cleaned out his cubicle and went through an exit interview. Now, after three weeks (or three months or three years.) this former employee wants to return to your organization. Should you be welcoming or apprehensive? Before thoroughly thinking about whether or not rehiring this person is in the organization’s best interest, start by figuring out the ex-employee’s status.

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Salesforce reports 22.25% mean hourly gender pay gap for 2023

Employee Benefits

Cloud-based software firm Salesforce has reported a 22.25% mean hourly gender pay gap for 2023, up from 10.29% the previous year. The employer’s median hourly gender pay gap for 2023 was 23.08%, down from 29.74% the prior year. Its top pay quartile as of 2023 consisted of 73% of men and 27% of women, as opposed to the previous year, which was made up of 75% of men and 25% of women.

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Differences between HMO and PPO health plans

PeopleKeep

Whether you’re an individual searching for a health plan for yourself or your family, or an employer looking for a group health insurance policy for your staff, there are many types of health plans to choose from. Two popular types of health plans for individuals and employers alike are a health maintenance organization (HMO) policy and a preferred provider organization (PPO) plan.

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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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Creating a brighter tomorrow… financial wellbeing and mental wealth

Employee Benefits

Financial wellbeing and mental health are intrinsically linked. Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. The risk is that both their financial situation and mental health can worsen. Read on to explore the employee benefits that can help alleviate financial pressures during the cost-of-living crisis, enhancing mental health or wealth.

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How to Become a Digital Nomad: 8 Tips

BetterUp

Jump to section What is a digital nomad?