Thu.Nov 30, 2023

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Small businesses are outhiring large employers — but can they afford to retain them?

Employee Benefit News

Tina Wang, VP of HR at ADP, breaks down how small businesses can retain new talent despite their financial limitations.

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Unhappy staff take nine more sickness days on average per year

Employee Benefits

Unhappy employees take nine more sickness days on average per year as opposed to their happier counterparts, according to new research by WPI Economics. Commissioned by employee benefits provider Unum UK, the survey of more than 4,000 UK employees revealed that this is costing the economy £11 billion per year through lost productivity, and that the average unhappy, unproductive worker loses nine hours of productive time per week.

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Millennials are on track for better retirement than boomers, Vanguard study finds

Employee Benefit News

Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save.

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Confessions of a benefits manager: Candid experiences a different office

Employee Benefits

Why is it always me that gets seconded to work on mergers and acquisitions? What makes it worse this time, is they have sent me to Coventry. Literally. I have to work there three days a week to help with preparing for the sale. It is ridiculous because the data ‘room’ is virtual anyway, but all the key Higher Beings involved in the project work out of that office and someone has decided I should be there too.

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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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Gen Z wants careers, not degrees. This nonprofit is helping them bypass college

Employee Benefit News

The CEO of Good Jobs KC explains how he's creating work pathways for young people, and why it's critical to understanding the needs of Gen Z.

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Strategic HR planning for 2024: Trading severance packages for supplemental unemployment benefits

Employee Benefit News

The shift to a SUB plan maximizes benefits while minimizing costs.

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What health plans are and aren’t covered by ERISA

PeopleKeep

If you offer employee benefits to workers in the United States, there’s a very good chance they fall under the regulations of the federal Employee Retirement Income Security Act of 1974 (ERISA) 1. Congress enacted ERISA to protect the interests of employees who participate in your benefit plans. It set minimum standards and created documentation requirements to ensure employees receive the benefits they’re entitled to.

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What the OpenAI saga says about employee power in the workplace

Employee Benefit News

Experts in tech and HR share their insight on what happened at the leading AI company — and how organizations across every industry can avoid it.

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Common challenges of management and how to overcome them

Business Management Daily

What does being a manager involve? A better question might be “What doesn’t it?” Managers play a crucial role in virtually all areas of the business environment — from day-to-day operations to employee performance to company growth. And, while attending to all these responsibilities, managers also must look out for their own present and future well-being.

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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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Cigna Medicare Advantage sale intensifies, teeing up Humana deal

Employee Benefit News

A sale would remove one obstacle to a tie-up between Cigna and Humana, a combination sure to face antitrust scrutiny.

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Compliance TV: IRS Announces 2024 COLAs; Two States, Virgin Islands Subject to FUTA Credit Reduction for 2023; and more

PayrollOrg

In this December 2023 edition of Compliance TV: IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals, Foreign Earned Income Exclusion, and More; Two States, Virgin Islands Subject to FUTA Credit Reduction for 2023; SSA Offers Tips to Employers Before Filing Season Begins; IRS Provides More Information on ERC Withdrawal Process.

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American Workers Are Burned Out; Employers Can Help

InterWest Insurance Services

American employers are trying to meet their workers’ mental health needs as they struggle with burnout and stress from their jobs and finances, according to a new report. The annual “ Aflac WorkForces Report ” found that more than 50% of American workers experience burnout in their workplace. Additionally, 57% experience work-related stress, with heavy workloads the biggest stressor among young workers.

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Career Path: What Is It? Definition & 12 Steps to Pave Yours (+Examples)

BetterUp

What is a career path? It's a long-term plan that includes specific jobs that lead to desirable occupation. Discover types of career paths with examples.

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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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Legal & Legislative Reporter: Court Allows a Life Insurance Conversion Dispute to Move Forward

International Foundation of Employee Benefit Plans

Every month, the International Foundation releases the Legal and Legislative Reporter, a compilation of new employee benefits-related case summaries. Below is a summary we thought you’d be interested in. Content provided by Morgan, Lewis & Bockius LLP. The U.S. District Court for the […] The post Legal & Legislative Reporter: Court Allows a Life Insurance Conversion Dispute to Move Forward appeared first on Word on Benefits.

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The Code in the News Again

Florida Workers' Comp

Judicial ethics has been in the news recently. From Washington DC to Pennsylvania, to the Florida Panhandle. Each story brings thoughts and perspective. Anyone on the bench or working before the bench could validly invest in these stories. In Washington DC, the Supreme Court of the United States (SCOTUS) adopted a code of ethics. Criticism came from various quarters.

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Offboarding Process: Definition & A Comprehensive Guide to Employee Departures 2023 Guide

Qandle

Offboarding is a crucial aspect of the employee lifecycle that often receives less attention than onboarding. However, a well-structured offboarding process is equally essential for maintaining positive employer-employee relationships, preserving institutional knowledge, and ensuring a smooth transition. In this blog, we’ll delve into the key components of an effective offboarding process, exploring its significance, best practices, and potential challenges.

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Generative AI will hollow out many middle class roles over the next decade

Workplace Insight

Generative AI will have a much greater impact on white collar roles than blue collar ones over the next 10 years, according to a new report from Pearson. In at least ten white collar roles, more than 35 percent of tasks could be done by AI, with medical secretaries (41 percent) predicted to be the most impacted. Conversely, every of one of the top 10 least impacted are classed as blue collar, revealing launderers, dry cleaners and pressers (0 percent) as the UK’s most AI-proof job.

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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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Vocational Skills: What Are They? Definition & Examples

BetterUp

Jump to section What are vocational skills? What’s a vocational skill everyone needs to learn?

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Industry: the art of working from anywhere

Workplace Insight

Walking into Bristol-based artist Gail Reid’s studio, I literally stopped in my tracks! There it was a painting of everything I had been researching and writing about with workplace strategist Chris Kane for our book “Where Is My Office?” both pre-and post-pandemic. Gail, was a Semi-Finalist in this year’s Sky Art’s Portrait Artist Of The Year – alas she didn’t make the final – although she impressed everyone with her talent and charisma.

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Dodd-Frank Clawback Policy: Additional Action Required for NYSE-Listed Companies by December 31, 2023

Proskauer's Employee Benefits & Executive Compensa

Public companies nationwide have spent their summer and fall compensation seasons finalizing compensation clawback policies ahead of the December 1, 2023 deadlines set by the New York Stock Exchange (the “NYSE”) and the Nasdaq Global Market (“Nasdaq”), as applicable, as mandated by Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”).

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Black, African, Caribbean or Black British staff earned less than White employees in 2022

Employee Benefits

Black, African, Caribbean or Black British UK employees earned less than White employees in 2022, with medians of £13.53 and £14.35 per hour respectively, according to new research by the Office for National Statistics (ONS). After using personal and work characteristics to provide an adjusted pay gap based on a like-for-like comparison, the findings highlighted that UK-born White employees earned more on average than most ethnic minority employees.

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4 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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Overtime Calculation in UAE

Bayzat

The payroll function of any company is crucial, and the calculation of overtime pay before processing employee payments is an essential aspect of it. In the United Arab Emirates (UAE), there are specific laws and regulations that govern how employers should handle overtime pay for their employees. However, this process can often be confusing and complicated for employers to follow.

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SSP Group hires Ann-Marie Murphy as chief people officer

Employee Benefits

Multinational contract foodservice firm SSP Group has appointed Ann-Marie Murphy as its new chief people officer. Murphy will take up the role early next year. She will join from The Gym Group, where she has worked since 2018, initially in the role of director of people and development, later as chief people officer, where she set up its people function, designing and delivering strategies for talent, learning and development, performance, inclusion , and reward, and finally as chief operations

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The Ultimate Guide to OKR Software

Darwinbox

Are you struggling to keep track of your business goals and ensure alignment across teams? Look no further than OKR (objectives and key results) software. In this ultimate guide, we will explore what OKR software is, how it helps businesses align their goals and track progress, the key features it offers, the benefits of using it, how to choose the right software for your organization, and tips for successful implementation.

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Buyer’s guide to home technology schemes

Employee Benefits

What are home technology schemes ? A home technology scheme allows employees to purchase a new piece of technology and spread the cost through monthly payments. Employees are able to purchase things like smartphones, tables, televisions, smart watches and fitness trackers, as well as large and small domestic appliances. Employees are able to purchase products from popular brands, such as Apple, Nintendo and Samsung.

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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.