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International Foundation of Employee Benefit Plans
NOVEMBER 5, 2024
This election day, you might be heading to the polls or have voted already (I’m looking forward to getting fewer random texts and mailers, that’s for sure!). Regardless of the outcome, the next administration will likely impact many areas, including employee benefits. Here’s […] The post Your Election Watchlist for Benefits appeared first on Word on Benefits.
Small employers are increasingly seeking innovative ways to provide their employees with health benefits amid rising health insurance costs. The qualified small employer health reimbursement arrangement (QSEHRA) is a popular solution. These employer-funded plans allow companies to reimburse employees for qualified medical expenses. They provide valuable flexibility and budget control.
Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?
What You Need to Know Varying standards have been established as the world of software solutions develops, particularly for businesses that provide software as a service (SaaS). Some are certification-based and governed by independent organizations, while others originated from state or federal laws. 3Sixty Insights explores one company’s search for benefits administration software that would meet its IT team’s information security requirements.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
In today’s talent-driven market, attracting and retaining top performers requires a holistic approach to compensation. Employees increasingly seek a clear understanding of the complete value proposition their employer offers, going beyond just base salary. Total Compensation Reports (TCRs) address this need by providing a transparent breakdown of all compensation elements, empowering employees and fostering a win-win situation for both parties.
As a small business, you’re likely familiar with the challenges of meeting health insurance contribution and participation requirements. Fortunately, there’s a crucial solution available annually—the Special Open Enrollment (SOE) Window. This period, mandated by the Affordable Care Act (ACA), allows Small Group employers to offer medical coverage to employees without needing to meet the usual contribution or participation thresholds.
As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.
The Internal Revenue Service (IRS) has announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2025. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2025. The Social Security Administration released separate adjustment amounts.
Seasonal employment can be a lifeline for many businesses during peak times, providing the extra hands needed to handle increased demand. However, seasonal hiring raises questions about employment durations, legal obligations and best practices. Employers need to understand relevant regulations to help prevent legal issues and optimize their seasonal workforce.
Gov. Gavin Newsom has signed into law a bill that provides a right to paid time off and other protections for employees who are victims of violence, including threats, assaults, stalking and domestic abuse. AB 2499 makes significant changes to California’s “jury, court and victim time off” law by expanding instances when a victim of a “qualifying act of violence” can take time off, and provides protections against retaliation for taking that paid time off.
Employee retention is a critical aspect of business success. High turnover rates can lead to increased costs, disrupted productivity, and a loss of valuable knowledge. At Abel HR, we specialize in maximizing employee benefits and ensuring regulatory compliance, allowing you to focus on growing your business. This blog highlights effective employee perks that can enhance your retention efforts and create a more loyal and engaged workforce. 1.
ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.
If you’re considering outsourcing payroll, or if you’re looking for expert outsourced payroll services — these frequently asked questions can help you confidently decide how, why, and whom to outsource your payroll to
In October, Institutional Shareholder Services (ISS) released an off-cycle update to its Executive Compensation Policies Frequently Asked Questions (the FAQs), which are available at this link: US-Compensation-Policies-FAQ.pdf (the new questions are highlighted in yellow). As described in more detail below, the updates to the FAQs address ISSs criteria for recognizing robust clawback policies and realizable pay methodology.
From a widespread worker strike, to falling share prices, and some planes that whistleblowers claim could “break apart,” Boeing can’t seem to get back on track. The global diversity, equity and inclusion (DEI) department of Boeing has been dissolved. This is part of the revamp happening at the company under Kelly Ortberg, the new CEO of Boeing. (Image Credit: boeing) Boeing U.S.
The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.
I was honored in October 2024 to present with an exemplary panel of peers at the National Disability and Worker’s Compensation Conference in Las Vegas Nevada. It was an intriguing experience in a couple of perspectives and was most rewarding overall. One intriguing point in the presentation was in the planning. There was no meeting of the five participants (four panelists and a moderator): Stuart Colburn, Hon.
When employees make a pre-tax election for benefits offered through a Section 125 cafeteria plan, the employee cannot change that election during the plan year unless they experience an event that qualifies as a permissible election change event under the Section 125 rules. For a dependent care flexible spending account (FSA) , the election change rules are a little more flexible than they are for other cafeteria plan benefits.
Gen Z are finding their ambitions curbed by the rising cost of living and the expenses of taking on new roles. According to a new report in the UK for the Prince’s Trust annual NatWest Youth Index 2024 , one in ten unemployed Gen Zer have turned down jobs due to the expense associated with it. Over half of the surveyed population who were aged between 16 and 25 said they were worried they’ll never be financially secure.
Post-pandemic, there’s been an increased focus on internal mobility in organizations. What’s that? Internal mobility refers to existing employees taking on new roles in the same organization. This includes a lot more than just promotions, too. Employees can move vertically and horizontally in an internal mobility program, meaning they may make lateral moves instead of just vertical ones (e.g., promotions).
The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!
The Iowa Court of Appeals recently affirmed a workers’ compensation commissioner’s decision awarding death benefits to a surviving spouse, finding substantial evidence supported the commissioner’s determination that the worker’s fatal prescription drug overdose was accidental rather than intentional [ Linnhaven, Inc. v. Blasdell , 2024 Iowa App. LEXIS 787 (Iowa Ct.
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