Thu.Sep 12, 2024

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Understanding employee turnover rates

Achievers

Employee turnover rates are a crucial metric for organizations to monitor, as they show how frequently employees leave the company. Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response. In this article, you’ll learn the common reasons for high employee turnover, how to develop an effective formula to measure it, and actionable strategies to mitigate it.

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ACA Affordability Percentage Increases to 9.02% for 2025

PayrollOrg

The IRS released its annual inflation adjustment to the percentage of household income used to determine whether an employer’s offer of health care coverage under the Affordable Care Act (ACA) is affordable.

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Slip Slidin' Away

Florida Workers' Comp

The Point is back on Wednesday, September 18, 2024, at 13:00, Eastern. We will strive to identify clues and signs of people with cognitive or emotional challenges. We live in an age of significant life expectancy, and in a variety of jobs, many are working beyond traditional "retirement" ages. In addition, some perceive general increases in mental health issues across generational lines.

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Understanding Social Value in the Business World

Employee Benefits

Understanding Social Value in the Business World In today’s corporate landscape, companies are increasingly being called upon to deliver more than just profit — they’re expected to create positive impact for the environment, communities, and broader society. This is where social value comes in. What is Social Value? Social value is the broader impact an organisation has beyond its core financial performance.

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From Payroll Pains to Growth Gains: Streamlining Payroll & HR for Success

Speaker: Joe Sharpe and James Carlson

In the world of small business management, the challenge of managing payroll & HR efficiently while scaling operations can be overwhelming. Yet, with the right strategies in place, these challenges can become opportunities for growth and innovation. In this session, Joe Sharpe, Senior Director of Managed Payroll Services at IRIS, will reveal practical methods and expert insights for outsourcing and streamlining payroll processes, resulting in substantial time and resource savings.

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$0 copays and deductibles? Curative is helping companies make their healthcare plans accessible

Employee Benefit News

Curative, a healthcare services firm, is working to slash costs and encourage workers to seek treatment earlier.

More Trending

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Why more companies should brace for ERISA lawsuits

Employee Benefit News

Troy Sisum, chief legal officer of Imagine360, explains how employers can avoid litigation over their health insurance plans.

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Redefining employee experience: What’s changed and why it matters

Insperity

Employee experience may sometimes feel like a buzz word to describe a never-attainable target of an ideal workspace where employees are happy, nurtured, fulfilled and productive 100% of the time. That sounds amazing, but it doesn’t really reflect the reality of focusing on employee experience or, more specifically, the evolution of employee experience and how to make strategic changes to nurture your workforce and move engagement – and ultimately your bottom line – in a positive direction.

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Macmillan Cancer Support appoints first chief people and culture officer

Employee Benefits

Macmillan Cancer Support has appointed Francesca Okosi chief people and culture officer. In this role, Okosi will sit on Macmillan’s executive team and use her knowledge and experience in leading positive culture change in large organisations to shape and drive its people and culture strategy. In her previous role, she was chief people and culture officer at an Integrated Care Board.

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Lessons from Goldilocks: The three-cares approach to employee health that's just right

Employee Benefit News

Leveraging the right amount of data and human touch leads to better health outcomes and employee experiences.

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Plant the Seed for Successful Onboarding!

Our Free Welcome Email Templates (designed for both in-office or virtual employees) are ready for you to customize and use to plant the seeds of success for new team members.

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Parfetts awards employees 12% profit share bonus

Employee Benefits

Wholesaler Parfetts has awarded its employees a 12% profit share bonus following a record year for turnover. The employee-owned business operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport. All qualifying employees will receive the bonus in October. It is an increase from the 10% profit share bonus that Parfetts awarded employees last year as part of its recognition of their contribution to its continued growth.

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Transform employee benefits education with AI

WEX Inc.

Understanding employee benefits can be overwhelming, with many struggling to navigate the complex details. However, AI is transforming this experience, making benefits communication and education more accessible and personalized than ever before. In this blog post, we’ll explore how AI-driven tools can simplify the benefits process, providing clear answers to common questions, streamlining open enrollment, and clearing up misconceptions about AI’s role.

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Lancashire County Council and BAE Systems win at Menopause Friendly Employer Awards

Employee Benefits

Credit: Laura Ashman Lancashire County Council, BAE Systems and Thames Valley Police were some of the employers recognised at the Menopause Friendly Employer Awards 2024. The awards took place for the third consecutive year on Wednesday 11 September at the Royal Lancaster Hotel, London. It was hosted by TV and radio presenter Lisa Snowdon and organised by Henpicked: Menopause in the Workplace.

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Texas Court Issues Nationwide Injunction Striking Down FTC Noncompete Ban

McDermott Will & Emery Employee Benefits

On August 20, 2024, the US District Court for the Northern District of Texas issued a nationwide injunction barring the Federal Trade Commission’s Final Rule that bans all noncompete agreements. Read more about the court’s decision and what it means for employers and business entities here.

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Engage, Empower, Excel: Transforming Performance in the New Era of Work

Speaker: Radhika Samant and Adri Glover

The world of work has fundamentally changed. The series of waves that the pandemic began have rippled through the Great Resignation, quiet quitting, the Great Regret, and other eloquent phrases that boil down to the same thing: people aren’t engaged at work or enabled to perform at their best. The truth is that engagement and enablement is more important than ever, but how we do it is the critical differentiator for many organizations.

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Median pay award falls to 4% for three months to July

Employee Benefits

The median pay award across the economy fell to 4% in the three months to July 2024, down from 4.8% in June, according to research by Incomes Data Research (IDR). Its latest analysis, which is based on a sample of 39 awards between 1 May and 31 July 2024, covering more than 700,000 employees, found that this was the result of a downward shift, as fewer employers paid increases worth 6% or more.

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Disney Education Program Cuts and Funding Caps Revealed

HR Digest

Walt Disney Co. has announced cuts to the education program that it provided for employees via the Disney Aspire program. Previously, Disneyland employees received tuition perks as one of the benefits of working at the organization, having educational opportunities available to them for free. Since 2018, the program provided employees with support for completing their college education while they continued to work, guaranteeing assistance for both bachelor’s and master’s programs.

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11 Signs Of Relationship Anxiety And How To Handle It

BetterUp

Jump to section What is relationship anxiety? 11 signs of relationship anxiety What causes relationship anxiety? How to deal with relationship anxiety Differentiating relationship anxiety vs.

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Step 5 to solving the talent shortage: Hire a next-level workforce

Business Management Daily

By Karl Ahlrichs Have you ever made a bad hire? Did you do it on purpose? There’s a chance you weren’t prepared with the correct information or the right questions to ask. Managers often make the mistake of hiring employees who don’t align with the organization’s culture or share its values, leading to poor results. Peter Drucker, the father of “management by objectives,” defined the challenge best: “Executives spend more time managing people and making people decisions than on anything else—and

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How to Increase Diversity in Your Workforce Through AI Technology

Diversity and inclusion are crucial for building a strong and innovative workforce. Discover how AI technology can revolutionize your hiring process and drive diversity in your organization. Explore over 10 ways AI recruiting tools can help you identify a wider pool of candidates, enhance communication strategies, and eliminate unconscious bias. Embrace the future of recruitment and create a more diverse and inclusive workplace with AI technology.

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3 Top Tips on Using Our Platform to Encourage Your Team

Employee Benefits

3 Top Tips on Using Our Platform to Encourage Your Team Did you know that 40% of employees report feeling underappreciated at work? ( 1 ). This lack of encouragement can seriously impact their motivation, wellbeing, and relationships with managers. To mark National Encouragement Day, we’re here to help you change that! Discover how you can use your personalised Each Person platform to show your team they are genuinely valued and keep them motivated.

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Massachusetts Appeals Court: Employee Struck in Parking Area After Clocking Out May Not Sue Employer in Tort

The Workcomp Writer

Yesterday, the Appeals Court of Massachusetts affirmed a Superior Court decision granting summary judgment to an employer in a negligence action brought by an employee who was injured after clocking out [ Meehan v. Lazer Spot, Inc. , 2024 Mass. App. LEXIS 126 (Sept. 11, 2024)]. The Court held that the employee’s injuries arose out of and in the course of his employment, making workers’ compensation his exclusive remedy under Massachusetts law.

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How to implement an inclusive culture

cipHR

Inclusive management is the combination of working inclusively towards a common goal, making decisions inclusively, and ensuring everyone understands the wider framework and support structures of inclusivity

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OpenAI nears release of 'Strawberry' model, with reasoning capabilities

Employee Benefit News

The multi-step processing system further enables the technology to take over human tasks.

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How To Empower Your Workforce With Modern Fertility Benefits

Speaker: Andrea Wuchiski

In an era where a workforce spans multiple generations, HR managers and Total Rewards leaders face the unique challenge of designing benefits packages that cater to diverse employee needs. This session will delve into how comprehensive fertility benefits can bridge generational gaps, support employees’ health, and enhance workplace satisfaction. Join us for an insightful session that highlights the strategic importance of fertility benefits in today’s competitive job market.

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Building inclusive organisations

cipHR

With empathy at its core, emotional intelligence enables UK managers to connect with their teams, foster an inclusive culture, and drive organisational growth

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Building a Powerful Total Rewards Statement Template: Essential Components

COMPackage

A total rewards statement is a valuable tool for communicating the comprehensive compensation package offered to employees. By clearly outlining salary, benefits, and other perks, organizations can demonstrate the value they place on their workforce. This article will delve into the essential components of a powerful total rewards statement template.

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Impacts of age in the workplace

cipHR

A work environment that values, respects and uses the efforts of all employees, regardless of age, will be well on the way to being a successful organisation

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U.S. Legislative Process: How a Bill Becomes a Law

International Foundation of Employee Benefit Plans

In March 1976, Saturday morning television featured a new video segment called “I’m Just a Bill” that used a fun cartoon aimed at children to visualize the complex path of the U.S. legislative process and describe how a bill becomes a law. […] The post U.S. Legislative Process: How a Bill Becomes a Law appeared first on Word on Benefits.

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Interview Scorecard Free Downloadable Template

Making effective hiring decisions can be challenging, but with a standardized evaluation process, you can improve your chances of finding the ideal candidate every time. Discover the benefits of using interview scorecards to assess and compare candidates, ensuring fair and consistent evaluations. Our free interview scorecard template allows you to customize criteria and track candidate progress, helping you make informed hiring decisions.