Mon.Jan 29, 2024

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What role does private medical insurance play in today’s benefits packages?

Employee Benefits

Need to know: Employers want to provide private medical insurance (PMI), even if it means reducing cover. More want to offer at least a measure of benefit to the whole workforce. Low-cost schemes with major exclusions are popular. Private medical insurance (PMI), which covers curable short-term medical conditions, has never been more popular in the workplace.

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Understand, identify, and address nepotism at work

Business Management Daily

There has been a lot of talk over the past year about nepotism and “nepo babies” in the entertainment industry. Whether it be an actress from a famous family or a model following in her mother’s footsteps, Hollywood is filled with these so-called “nepo babies”. Some are genuinely very talented and have proved that they are stars in their own right, while others may fall a bit flat and it can feel like nepotism may be taking away opportunities from more qualified or hard-working individuals.

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States Move to Amend, Clarify Telehealth-Related Standards of Care

McDermott Will & Emery Employee Benefits

Multiple states – including Alaska, Wisconsin and New Jersey – have been busy finalizing legislation and rulemaking to adopt interstate compacts and amend and clarify telehealth-related standards of care. What else have these states been up to over the last month? Read more here. The post States Move to Amend, Clarify Telehealth-Related Standards of Care appeared first on EMPLOYEE BENEFITS BLOG.

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15 jobs getting the biggest raises in 2024

Employee Benefit News

Resume Genius analyzed reports from the Bureau of Labor Statistics to predict which workers will see the highest raises in 2024.

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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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IRS Issues QuickAlert on FIRE System Error Message

PayrollOrg

The IRS issued a QuickAlert to tell users how to deal with troubles logging into the Filing Information Returns Electronically (FIRE) system.

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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

Employers know that attracting and retaining top talent is essential for continual innovation and growth. However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. In this article, we’ll explain everything you need to know about employee retention rates and look at the tactics you can use to improve this metric and ensure organizational success.

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ERISA at 50: What might the next 50 years bring?

Employee Benefit News

ERISA preemption faces new questions as more states enact new mandated benefits and assert regulatory authority over certain benefits.

401(k) 101
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How to Create a Pay Stub for Employees?

HR Lineup

Creating accurate and professional pay stubs is an essential aspect of managing a business. A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. In this guide, we will walk you through the step-by-step process of creating a pay stub for your employees, ensuring compliance with legal and financial requirements.

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10 companies that let you work from anywhere

Employee Benefit News

These employers allow the flexibility to sign in from wherever you may be on any given workday.

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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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Podcast: Kindness in the workplace

Employee Benefits

In this episode of the Employee Benefits podcast, in association with Motivates, Nick Dempsey, revenue director of Motivates, discusses the concept of kindness in the workplace. During the discussion with Employee Benefits’ editor Debbie Lovewell-Tuck, Nick addresses the following questions: How would you define the concept of kindness in the context of the workplace?

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Tesla drops minority-worker language after Musk's rants over diversity initiatives

Employee Benefit News

On X, the social network he owns, Musk said "DEI must DIE," referring to the acronym for diversity policies.

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Greif offers low-cost private medical insurance to whole UK workforce

Employee Benefits

Global industrial packaging firm Greif’s introduction of an Equipsme private medical insurance (PMI) scheme for its UK workforce in May 2023 represented an important step in its desire to foster a culture of purpose and wellbeing, reduce presenteeism and absenteeism and enhance recruitment and retention. Michelle Crown, HR manager, UK, at Greif, says “The cover, which costs the same price regardless of age and is also available to family members, demonstrates our dedication to a supportive and i

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Measuring Success:The Magic Of Employee Commitment Surveys

Vantage Circle

Employee commitment surveys have emerged as powerful tools for organizations seeking to understand the intricacies of their workforce's dedication, motivation, and satisfaction. Beyond job satisfaction, commitment is a deeper connection that employees feel towards their roles, colleagues, and the company's mission. In this blog, we'll cover best practices for developing effective commitment surveys and using the data to shape the employee experience positively.

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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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Tribunal rules in favour of Tayside Aviation staff in redundancy case

Employee Benefits

An employment tribunal has ruled that Tayside Aviation failed to follow correct redundancy procedures as it entered administration last year. The Dundee flight school gathered a group of 22 employees who were on the premises in a conference room for a meeting on 20 April last year. Tayside Aviation’s previous finance director, accompanied by two administrators, then revealed that it had gone into administration and would be closing, with the workers’ employments terminated as a result.

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How To Write a Cover Letter for a Career Change (With Examples)

BetterUp

Jump to section How to write a cover letter for a career change Career change cover letter examples 8 tips to write a successful career change cover letter Learning to navigate career changes

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University of Gloucestershire reports 12.37% mean gender pay gap

Employee Benefits

University of Gloucestershire has reported a 12.37% mean gender pay gap for 2023. Females at the university are paid on average £21.06 per hour, while males receive £24.03 per hour. Its 2023 median gender pay gap was 7.59%, with women paid on average £20.44 per hour and men paid £22.12 per hour. The proportion of male and female employees in its lower pay quartile are 24.8% and 75.2% respectively, while the proportion of male and female employees in its top pay quartile are 53.5% and 46.5% respe

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Vantage Circle Blog – What is Total Rewards Strategy? An HR’s Guide

3Sixty Insights

What is a Total Rewards Strategy? A “Total Rewards Strategy” is a method used by businesses to create and implement a comprehensive compensation and benefits package for its employees. Instead of focusing solely on wages, a total rewards strategy considers the complete bundle of rewards that an employee receives, both tangible and intangible. “People want to know they matter and want to be treated as people.

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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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Poll: Do you think the pots-for-life plan will increase employees’ engagement with their pensions?

Employee Benefits

Take part in our latest readers’ poll on a current topical issue. Last November, Employee Benefits reported that Chancellor of the Exchequer Jeremy Hunt announced plans to offer a pension pot for life in the Autumn Statement 2023. Employees will have a legal right to require a new employer to pay pension contributions into their existing pot and would also be able to choose their own pension scheme for automatic-enrolment.

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Employee Retention Trends of 2024: How to Prepare for the Future

Empuls

Around 3.5-4 million Americans quit their jobs every month. Therefore, companies have to spend extra as they source, hire, and train new talent all over again. On top of that, a company with high turnover rates may suffer from a bad reputation, affecting its overall morale. This article will highlight the importance of and discuss some employee retention trends to watch out for in 2024.

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TMS hires Preet Michelson as chief people officer

Employee Benefits

Global technology, marketing and sourcing firm TMS has appointed Preet Michelson as its new chief people officer. Michelson will join TMS’ global leadership team and report directly to president Mark Landolt. In her new role, she will lead TMS’ global people strategy and oversee its global talent acquisition, development, and retention programmes, focusing on employee engagement.

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National Pancake Day: 20 Celebration Ideas in the Workplace (In Office & Virtually)

Empuls

In the culinary world, few delights are as universally adored as pancakes. Whether topped with a cascade of syrup, a dusting of powdered sugar, or an array of fresh fruits, these round, flat cakes have an unparalleled ability to bring joy to breakfast tables worldwide. It's no wonder that there's a dedicated holiday to honor these delectable treats – National Pancake Day, celebrated annually throughout the United States on Feb 13th.

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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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Childbase Partnership introduces 20 extra paid days off for staff

Employee Benefits

Nursery care provider Childbase Partnership has implemented 20 extra paid days off a year for its 2,300 employees as of this month. Known as Partnership reward days, the initiative is based on contracted hours worked in the previous three months and will enable full-time staff to be able to take up to five days of extra paid leave in each quarter, with pro-rata allocations for others.

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Success & What’s Ahead in Her Sales Support Role with Gina Graci; As Winston Prepares for the Sales Season

Winston Benefits

Questions Kelly: What is your favorite thing about working at Winston? Gina: Since joining Winston last July, I have loved the people I work with! Everyone has been very friendly and helpful since day one, and I can’t wait to see what this year holds. Kelly: How are you and the sales team preparing for … Continue reading "Success & What’s Ahead in Her Sales Support Role with Gina Graci; As Winston Prepares for the Sales Season" The post Success & What’s Ahead in Her S

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The Economist’s Bartleby advises: Don’t retire!

Minding the Workplace

The Economist ‘s “Bartleby” column typically offers thoughtful contemplations on work and career related matters pertinent to managers, executives, and other professional workers. In the current issue of this venerable British newsmagazine, Bartleby serves up a thought-provoking headline: “Why you should never retire” ( link here , but may be paywalled).

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Minimizing Data to Maximize Growth

3Sixty Insights

I left off my first post in this series, speaking about how businesses in the restaurant industry love to work with companies that give them the attention they deserve and who understand the challenges of the industry they’re operating in. Given the number of part-time and seasonal workers in the industry, if your business has multiple HCM systems running simultaneously, you’ve increased your workload before the day has even begun.

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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.