Thu.Jan 04, 2024

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Make the Most of Free Money

Money Talk

Here is a financial New Year’s resolution: make the most of free money! “Free money” is exactly what these two words indicate: money (or goods and services in lieu of cash) that comes with no (or sometimes a few) strings attached. Free money does not have any work requirement, however, and is often income tax-free. Common sources are businesses, individuals, and the government.

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Compliance TV: Standard Mileage Rate Increases to 67 cents in 2024; IRS Releases 2024 Publication 15-T; and more

PayrollOrg

In this November 2023 edition of Compliance TV, social security wage base increases for 2024; IRS releases 2023 ACA forms, instructions, test packages; OCSS releases revised IWO, instructions; and IRS announces ERC claim withdrawal process.

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Confessions of a benefits manager: Candid works to align bonuses and performance management

Employee Benefits

I think it is interesting to see how the importance of performance-related pay has moved in and out of fashion. Go back a few years and everyone was saying they were a pay-for-performance employer and everything from shares to pay rises was linked to a rating. That made budgeting difficult, so we had to have forced rating distributions and hold calibration meetings lest managers got carried away and made everyone a superstar with associated rewards.

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The MHPAEA Proposed Rule: Scalability and the Plight of the Small(er) Self-Funded Plan

McDermott Will & Emery Employee Benefits

After a brief hiatus to discuss the pleading standards adopted by the US Court of Appeals for the Tenth Circuit in E.W. v. Health Net Life Insurance Company, we return to our examination of the comments submitted in response to the proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The US […] The post The MHPAEA Proposed Rule: Scalability and the Plight of the Small(er) Self-Funded Plan appeared first on EMPLOYEE BENEFITS BLOG.

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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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Intuit

Employee Benefits

Introduction: Intuit’s goal is simple, to improve wellbeing for the diverse Intuit employee population and to deliver an integrated financial wellbeing communication strategy that draws on different themes each month, and always ties back to financial education. The strategy has resulted in outstanding outcomes, and is recognized as the winner of the Best Financial Wellbeing Strategy from Financial Wellbeing Impact Awards 2023.

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Tips and Resources for Every New Plan Participant

Benefit Resource Inc.

After much consideration, you’ve made the wise decision to enroll in a pre-tax benefit plan. As a new plan participant, you will experience significant savings on eligible items and services in the coming months! To help you make the most of your account(s), here are some helpful reminders, tips and valuable resources. How do I access the funds in my account?

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Future-ready HR: The versatility of full-service PEO partnerships

Insperity

You have many options for outsourcing your company’s human resources (HR) function. These include working with multiple vendors, such as: HR consultants Temporary staffing agencies Professional recruiters Payroll companies Compliance management companies Benefits administration companies Training and development providers Alternatively, you could work with a single vendor that combines these services under one roof, such as a professional employer organization (PEO) – and, more specifically, a f

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Workplace Attacks

Florida Workers' Comp

The workplace remains a challenging environment for many. There have been instances described here over the years. See Remembering Today (December 2020), Violence, Arising, and Course (August 2021), Violence in the Workplace (August 2021), Workplace Violence Again (December 2022), and Triggered and Violent (June 2023). The violence is not limited to the work environment, but it is becoming either more prevalent or more noticed there.

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Reminder: IRS Lowers Electronic Filing Threshold to 10 Forms for 2024

PayrollOrg

The threshold for filing information returns electronically is now 10 in the aggregate.

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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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Patients can soon get weight loss drugs direct from Lilly

Employee Benefit News

The drugmaker's new platform connects patients with doctors who can prescribe medications and provide home delivery of certain drugs.

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What is the Talent Transformation Process?

HR Lineup

In today’s rapidly evolving business landscape, where technology, globalization, and shifting consumer expectations are constant forces of change, organizations find themselves in a perpetual quest to adapt and thrive. At the heart of this adaptation is the talent transformation process—a strategic and dynamic approach to developing, aligning, and optimizing the skills and capabilities of a workforce.

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US companies ramped up hiring in December, ADP data show

Employee Benefit News

Recently released information points to increased optimism among policymakers about the path of inflation, noting "clear progress.

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Top Benefits of Hiring a Virtual Assistant (VA)

HR Lineup

In an era where businesses are constantly seeking innovative solutions to streamline operations, the role of Virtual Assistants (VAs) has become increasingly prominent. Leveraging the power of technology, hiring a Virtual Assistant can provide numerous benefits for businesses of all sizes. Let’s delve into the top 10 advantages that come with incorporating a Virtual Assistant into your team. 1.

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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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Managers and employees at odds over RTO, mental health and more

Employee Benefit News

Divided views exist in areas such as mental health, communication and professional development.

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Number of self-employed falls, except for over-50s

Workplace Insight

Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, new analysis of workforce statistics shows. The analysis, published by IPSE (the Association of Independent Professionals and the Self-Employed), found that the number of self-employed business owners aged 50 and over surged to 1.1 million in 2023 – 89,000 more than in 2020 – despite the total solo self-employed population falling by 154,000 in the same period.

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How to design inclusive benefit plans for today's aging workforce

Employee Benefit News

Age-specific offerings target risk areas and can help employees stay physically and mentally fit.

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RMBI Care and Masonic Charitable Foundation receive menopause-friendly accreditation

Employee Benefits

Charities RMBI Care and The Masonic Charitable Foundation have been accredited as menopause-friendly employers as part of their aim to look after staff and their wellbeing. Established by Henpicked: Menopause in the Workplace, the accreditation recognises high standards and practices that embrace menopause in the workplace. Employers are assessed by a panel in terms of their evidence of effectiveness in culture, policies and practices, training, engagement , facilities and evaluation.

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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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Think Gen Z has too much to say? That's what makes them good managers

Employee Benefit News

A new study from Culture amp reveals how employees really feel about working under Gen Z managers.

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Bidvest Noonan hires chief people and culture officer

Employee Benefits

Customer-focused services group Bidvest Noonan has appointed Julie Mernagh chief people and culture officer. In this role, Mernagh will use her experience and track record in human resources, talent development and organisational culture to lead the people and culture team. She will focus on developing and executing a people strategy to foster an enhanced workplace environment and improve overall employee experience.

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Gen Z in the workplace: How to attract Gen Z employees

Higginbotham

In an era where Generation Z (Gen Z) has begun to make their mark in the workforce, understanding this digitally savvy, diverse and socially conscious group has become a priority for many companies. Their unique perspectives and values are not only influencing the future of work but are also paving the way for fresh conversations and new values in the workplace.

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Ovo Energy reports 11.4% mean gender pay gap for 2023

Employee Benefits

Energy supplier Ovo Energy has reported an 11.4% mean gender pay gap for 2023, down 2.4% from 2022. Its median gender pay gap was 12.1%, down 0.4% from the prior year. The organisation has attributed its gender pay gap to uneven proportions of men and women across different parts of the business, with more men in higher-paying roles. Ovo’s mean gender bonus gap for 2023 was 33.6%, down 1.7% from 2022, while its median bonus gap was 71.6%, up 70.6% from the previous year.

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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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IDEAS Ltd to Sponsor Design Guild Mark 2024, call for entries

Workplace Insight

Design Guild Mark are pleased to announce that IDEAS Ltd will be sponsoring the ‘Furniture category’ for the 2024 Design Guild Mark Awards. Founded by Keith Lovelace in 2002, IDEAS is a leading authority in ergonomics and inclusive design for any commercial or public space including leisure, sports, hospitality, healthcare, and education. Keith has always had the philosophy that everything should come under the term ‘Good Design’, meaning that a product has been designed in such a way that it is

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Exit Interview Questions That Aren’t a Waste of Time

Abel HR

Research from Social.com reveals that 75% of all companies are performing exit interviews. That same research indicates that only 1% of participants do them correctly. Many times, exit interviews focus only on updating job descriptions rather than trying to determine precisely why their employees are leaving. Try asking the following essential questions to ensure your exit surveys are effective. 1.

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European furniture giant Flokk announces acquisition of US based Stylex

Workplace Insight

Stylex, a design-driven American commercial furnishings manufacturer is the latest acquisition by Flokk , the European office seating and furniture manufacturer. The purchase – expected to close on January 31, 2024 – comes at a pivotal moment, solidifying Flokk’s presence in the U.S. market and making Stylex part of Flokk’s global portfolio of brands.

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SpaceX Fired Employees for Condemning Musk, Says Labor Agency

HR Digest

The rocket company, SpaceX fired eight employees wrongly for a letter as per the National Labor Relations Board, raising concerns about the chief executive. Federal labor officials accused the rocket company SpaceX on Wednesday of illegally firing eight employees for circulating a letter critical of the company’s founder and chief executive, Elon Musk.

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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.