Thu.Sep 12, 2024

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Planning Ahead for Widowhood: Changed Income and Expenses

Money Talk

I live in an age 55+ community in Florida and have observed conversations among residents (primarily women) who are mentally preparing for widowhood. They know the statistics about women outliving men and have done the math. This is especially true for those who are younger and have better health habits than their husbands. A few have plainly stated “as soon as he dies, I’m outta here,” to reduce expenses or to live closer to family or in a lifecare community or assisted living facility.

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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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$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.

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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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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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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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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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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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OKRs for Employee Engagement: A Powerful Tool (With Examples)

Vantage Circle

Did you know, Objectives and Key Results (OKRs) were initially popularized by tech giants like Google and Intel to drive business outcomes and enhance employee engagement. Since then, it has been adopted by companies across various industries, from startups to Fortune 500 corporations. The framework aligns individual efforts with organizational objectives, fostering a sense of purpose and measurable impact.

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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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The Advantages of HRMS Leave Management for Scalable Business Growth

Qandle

As businesses grow, managing employee leave becomes increasingly complex. What starts as a simple task can quickly turn into a logistical headache, particularly when dealing with a large and diverse workforce. This is where HRMS (Human Resource Management System) leave management comes into play. An efficient HRMS leave management system not only streamlines the process of handling employee leave but also supports business scalability.

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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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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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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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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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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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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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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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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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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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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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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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13 Essential Docs for Easy Employee Onboarding (With Examples)

Flimp Communications

Paperwork, while no one’s idea of a good time, is an inescapable aspect of new hire onboarding. There are some things a new employee just needs to know, and written documents are often the most effective way to impart that essential information. Then there are the various forms to be reviewed, completed, and signed, many of which are required by law.

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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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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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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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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 diversity can impact whistleblowing

cipHR

Whistleblowing is crucial for addressing workplace issues, but toxic cultures hinder this.

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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.