Wed.Jan 03, 2024

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The Swedish Strike against Tesla Persists with No Clear End in Sight

HR Digest

Promoting collective action is the hallmark of a labor union and the current Swedish strike that Tesla is facing is an obvious testament to that fact. The strike against Tesla began on 27 October when a company subsidiary refused to sign a collective agreement with IF Metall—a labor union that represents the Tesla mechanics in the region. Elon Musk, co-founder and CEO of Tesla, has long stood firmly opposed to labor unions, stating that they created negativity within a company, despite unions be

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What will employee motivation look like in 2024?

Employee Benefits

Credit: Artem Oleshko/Shutterstock Need to know: Employee motivation strategies need to factor in cost-of-living pressures and the increasing need for personal development. Motivating people to return to the office must be carefully balanced with the motivational aspects of the flexibility of remote and hybrid working. As skill shortages continue, reskilling and upskilling staff, particularly in digital skills, will become increasingly motivational in terms of personal development.

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Lifestyle Spending Account: Comprehensive Guide & Top Providers

Wellable

Lifestyle spending accounts are flexible benefits accounts that employees can use as perk stipends to pay for health and wellness services or products. The post Lifestyle Spending Account: Comprehensive Guide & Top Providers appeared first on Wellable.

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Government introduces holiday pay and entitlement reforms

Employee Benefits

The UK government has implemented reforms to simplify holiday pay calculations and entitlement as per the Working Time Regulations. These changes include the definition of irregular hours and part-year workers in relation to the introduction of the holiday entitlement accrual method and rolled-up holiday pay, the introduction of a method to calculate statutory holiday entitlement for irregular hours and part-year staff, and how much leave an irregular hour or part-year worker has accrued when th

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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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IRS Says Keep Those Class Exclusions Classy Under Long-Term, Part-Time Employee Rules

McDermott Will & Emery Employee Benefits

Beginning in 2024, employers and plan sponsors will need to implement new minimum eligibility rules, enacted by the SECURE and SECURE 2.0 Acts, that significantly expand eligibility for long-term, part-time employees to participate in employer-sponsored retirement plans. The new rules require that employers who maintain such plans provide employees who work at least 500 hours […] The post IRS Says Keep Those Class Exclusions Classy Under Long-Term, Part-Time Employee Rules appeared first o

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A Restful Resolution: Prioritizing Sleep Health in the New Year

International Foundation of Employee Benefit Plans

In the hustle and bustle of our lives, sleep often takes a back seat to work demands, social obligations and the ever-present glow of screens. How many times this year have you found yourself burning the midnight oil, playing catch-up? The realm […] The post A Restful Resolution: Prioritizing Sleep Health in the New Year appeared first on Word on Benefits.

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Bristol-Myers Squibb and McDonald’s named in top 25 best places to work in Europe

Employee Benefits

Credit: IB Photography / Shutterstock.com Pharmaceutical firms Takeda and Bristol-Myers Squibb and fast food chain McDonald’s have been named among the top 25 best places to work in Europe for 2023 by Best Places to Work. The international certification programme recognises employers across the world using workplace culture assessments and a global database of more than 25 million employees.

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One wish for 2024. A more sophisticated approach to the workplace and hybrid working

Workplace Insight

We know, and have for a long time, that the workplace is in a state of near constant flux. The meteor strike of lockdown was an accelerant, not a deviation. It also laid bare -yet again – the faulty assumption that there is some sort of general evolution towards an idealised version of the office or conversely the universal adoption of remote or hybrid working, whatever it is.

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Effective Strategies for Communicating Employee Benefit Plans to Your Team

CorpStrat

Employee benefits are a crucial component of any organization’s compensation package and can greatly influence employee satisfaction, retention, and overall company culture. Communicating these benefits effectively is equally important as providing them. A well-executed communication plan ensures that your employees are aware of the full range of benefits available to them, understand how to utilize them, and feel valued and supported.

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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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Creating a PIP: 4 Performance Challenges with Performance Improvement Plan Examples

15Five

When an employee consistently fails to meet expectations, managers must intervene to uncover what’s causing the performance issues and help the employee improve. This is where a performance improvement plan (PIP) can come into play. In this article, we’ll share four of the most common performance issues that create the need for a PIP and provide sample plans for each that managers can use as a development guide.

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Summary Annual Report for employee benefit plans

PeopleKeep

If you’re an employer offering various employee benefit plans , you must understand your responsibilities regarding compliance and taxes. If the benefits you offer require filing Form 5500 with the Department of Labor (DOL), you must also deliver the Summary Annual Report (SAR) to plan participants. Luckily, the SAR is relatively simple to complete once you’ve completed Form 5500.

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10 Best Time Management Tools in 2023

BetterUp

Optimize your productivity with the best time management tools. Learn to streamline tasks, set deadlines, and track progress in one centralized location.

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Unemployed Americans are still struggling in a strong job market

Employee Benefit News

The unexpectedly strong U.S. jobs market is only helping certain Americans keep spending while staying up-to-date on their bills.

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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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The benefits of hiring veterans

PeopleKeep

Each year, about 200,000 members 1 of the U.S. Armed Forces stationed in more than 140 military installations worldwide transition from active duty to either re-enter the civilian workforce or pursue higher education.

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Social Security COLA falls far short of 2024 prices, study finds

Employee Benefit News

Social Security is getting a 3.2% boost this month — but retirees' expenses have risen by more than triple that rate since last year.

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How to Maximize The 24-Hour Work Cycle?

HR Lineup

In a world that never sleeps, where demands and expectations are constantly on the rise, optimizing the 24-hour work cycle has become essential for success and well-being. Many individuals find themselves struggling to balance work, personal life, and self-care within the limited confines of a day. This article explores effective strategies to maximize the 24-hour work cycle, helping you achieve peak productivity while maintaining a healthy work-life balance.

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From foster care to family: How BofA's adoption benefits supported this exec

Employee Benefit News

Support from company leadership and financial assistance simplified Felicia Lewis's journey to adopting her three daughters.

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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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17% invested in a diversity, equity and inclusion strategy in the past year

Employee Benefits

Despite three-quarters (72%) of HR directors stating that employee demands for a diversity, equity and inclusion (DEI) strategy are a major concern, just 17% introduced or invested in one in the past year, according to research by Barnett Waddingham. The risk, pensions, investment and insurance consultancy, which surveyed 300 HR directors and C-suite professionals, also found that growing pressures regarding operational costs (83%), supply chain costs (80%) and demands for higher employee pay (7

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10 cities with the best work-life balance, from Boise to Honolulu

Employee Benefit News

New research ranked the best locations for job seekers looking to improve their work-life balance.

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#HRandPayroll20: Where HR and Payroll Leaders Should Focus in 2024

3Sixty Insights

On this episode, Pete and Julie revisit the show’s most popular episode from 2023, with a now annual “Where HR and Payroll Leaders Should Focus…” episode, sharing their POVs and insights into the Top 5 focus areas for HR and Payroll leaders in 2024! Our HR & Payroll 2.0 Series is also available as a podcast on the following platforms: Apple iTunes: [link] Spotify: [link] Audacy: [link] Scribd: [link] Podbean: [link] Transcript: Pete Tiliakos 00:08 Welcome, everyone to another episode o

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40% of student loan borrowers are missing payments. 3 ways employers can help

Employee Benefit News

Aaron Smith, co-founder of Savi, shares how employers can help workers eliminate student loan debt.

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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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Axa enhances work-life balance benefits in Greater China

Employee Benefits

Credit: Robert Way / Shutterstock.com Insurance firm Axa has has enhanced employee benefits for its employees in Greater China to promote work-life balance in the workplace and provide support at different life stages. From 1 January, the organisation increased paid co-parent leave from 20 days to 40 days. It will also offer five days of paid fertility leave for employees who receive assisted reproductive services, such as in-vitro fertilisation treatment and embryo transfer, and if an employee’

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Supporting part-time workers with benefits: A rising tide that lifts all ships

Employee Benefit News

Fixed medical indemnity plans represent an affordable option for low-wage and part-time employees.

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International Employment Law and Why It Matters

Global People Strategist

Businesses expand their operations across borders in our increasingly interconnected world, creating complex legal considerations. One crucial aspect that demands attention is International Employment Law. Understanding the intricacies of these laws is paramount for companies aiming to navigate the challenges of a global workforce while ensuring compliance and effective management.

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Using Workforce Insights to Inform Your 2024 Strategic Initiatives for Benefits 

HR Professionals Magazine

By Nick Pearce It’s likely that many of you just wrapped up open enrollment season in the 4 th quarter of 2023. First, congratulations on making it through to the other side! But don’t turn the page on 2023 just yet. Open enrollment is unique because it’s usually one of the only times each year that you have the attention of your entire workforce at once.

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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.