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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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6 tips for protecting your business from cyber attacks

WEX Inc.

Cyber attacks are a growing threat to businesses of all sizes. In fact, the annual average cost of cybercrime is predicted to hit more than $23 trillion in 2027, up from $8.4 trillion in 2022, according to Anne Neuberger, the U.S. Deputy National Security Advisor for Cyber and Emerging Technologies. Therefore, protecting your business from these threats is important to enforcing the safety of your data, your customers, and your reputation.

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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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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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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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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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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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The Diversity Reckoning: Can HR Survive Without New Perspectives?

Speaker: Jeremy York

2024 has tested every organization, and 2025 promises no less - the warning signs are everywhere. If you’re relying on superficial approaches to diversity, you might find yourself scrambling to catch up. Thought diversity - the fuel for new ideas, fresh perspectives, and disruptive innovation - is more than a buzzword. It's a survival strategy. And if you’re not building it into your workplace culture right now , you’re heading for trouble.