Thu.Mar 07, 2024

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Financial Shocks: What You Need to Know

Money Talk

Financial shocks are events that result in unexpected expenses and they are especially challenging for individuals and households with limited resources and tight budgets. Examples of financial shocks are plentiful and include the following: ¨ Big spikes in expenses due to inflation (e.g., childcare, food, insurance, rent, utilities) ¨ Car accidents ¨ Disability ¨ Divorce ¨ Large home repairs (e.g., roof, furnace) ¨ Large out-of-pocket medical or dental bills ¨ Loss of a job ¨ property damage du

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Another chance to hear: Sally Gunnell in conversation with Kate Usher on the Workplace Insight podcast

Workplace Insight

One of the UK’s greatest ever athletes and now a corporate wellbeing consultant and speaker , Sally Gunnell discusses with Kate Usher the challenges faced by women in the second half of their lives, in the latest Workplace Insight podcast. Sally is the only female British athlete ever to hold the Olympic, World, European and Commonwealth titles for 400m Hurdles.

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How will the Spring Budget 2024 affect pay, pensions and employee benefits?

Employee Benefits

Image credit: photocosmos1 / Shutterstock.com Chancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. Below is a summary of the key announcements that could affect employers’ pay , pensions and benefits strategies: Spring Budget 2024: National insurance contribution (NIC) rate cut to 8% Spring Budget 2024: DC pensions required to disclose investment in UK equities Spring Budget 2024: TPR and FCA given powers to

Pension 105
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CMS Approves New York 1115 Medicaid Redesign Waiver

McDermott Will & Emery Employee Benefits

On January 9, 2024, the Centers for Medicare and Medicaid Services (CMS) approved the New York State (NY) 1115 Medicaid waiver “Medicaid Redesign Team” (MRT). The MRT is a long-standing waiver in NY that has continuously evolved to improve the administration, structure and financing of the NY Medicaid program; enhance Medicaid beneficiaries’ access to services; […] The post CMS Approves New York 1115 Medicaid Redesign Waiver appeared first on EMPLOYEE BENEFITS BLOG.

Finance 105
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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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Leap Year Could Cause Extra Payday for Some Employers

PayrollOrg

The extra day in 2024 could cause an extra payday for some employers.

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Navigating DEI Metrics: Key indicators for business success

Insperity

Diversity, Equity, and Inclusion (DEI) have transitioned from being programmatic solutions to essential components of a solid people strategy. Today, companies understand that fostering a diverse and inclusive workplace isn’t just a checkbox for public relations purposes; it is also smart for business. But how do you know if your DEI strategy is making a difference in your organization?

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How to improve attention to detail in your work

Business Management Daily

Being more productive is something we’re all interested in. But with the endless meetings, messages, meals, and bathroom breaks each workday, eight working hours isn’t always enough time to get stuff done. With habits of efficiency and precision, however, those limited work hours can go further. Detail-oriented focus is the marketable skill of the modern workplace.

Food 98
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Not just extra PTO: How mini sabbaticals boost productivity

Employee Benefit News

Jennifer Mahone Rightler, founder and CEO of Elements2Inclusion, explains how mini sabbaticals can refresh and re-engage their workforce.

PTO 96
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Spread the Word About Additional HSA Contributions

InterWest Insurance Services

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. HSAs allow your employees to put away funds to pay for future medical expenses. Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline.

401(k) 88
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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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Ask for that promotion: 11 of employees biggest career regrets

Employee Benefit News

Resume Now ranked some of the things employees would have done differently in their professional lives.

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W-2 Employee vs. 1099 Contractor: Which Is Better for Your Small Business?

Patriot Software

You’re ready for some help around your business. Should you hire a W-2 employee or a 1099 contractor? The choice might not be yours. There are key differences between a W-2 employee vs. a 1099 contractor that you must understand to stay legally compliant.

Payroll 87
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71% of men think they're paid the same as women (They're not)

Employee Benefit News

While the majority of men believe salary is equal at their workplace, just 23% of women feel the same.

Salary 82
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Lloyds Banking Group appoints new director of diversity, equity and inclusion

Employee Benefits

Lloyds Banking Group has named Rachel Osikoya director of diversity, equity and inclusion (DE&I). With more than 20 years’ experience in culture, diversity and inclusion, Osikoya will be responsible for driving the group’s strategic DE&I agenda and will build a multi-year plan to further embed DE&I for employees, customers and communities.

Banking 69
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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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Alabama passes law to protect IVF treatments after embryo ruling

Employee Benefit News

The governor's signed legislation temporarily protects providers and allows the continuation of in-vitro treatments.

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888 William Hill rolls out global wellbeing support for employees

Employee Benefits

Gaming and betting firm 888 William Hill has introduced wellbeing support for its 11,000 employees globally. Through the scheme, which is provided by Wellness Cloud, 888 William Hill employees will be able to access the Wellness Cloud hub, which includes more than 100 live talks and events each year on a range of topics related to wellbeing and health , and a library of on-demand content and resources available on both desktop and a mobile app, such as expert guides, podcasts, question and answe

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A people leader explains how to push past the 'anti-DEI' narrative

Employee Benefit News

Karla Wagner shares her experience as a leader of color as diversity efforts face criticism across several industries.

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UNESCO study reveals evidence of regressive stereotypes in LLMs

Workplace Insight

To coincide with International Women’s Day, a UNESCO study revealed worrying tendencies in Large Language models (LLM) to produce gender bias, as well as homophobia and racial stereotyping. Women were described as working in domestic roles far more often than men – four times as often by one model – and were frequently associated with words like “home”, “family” and “children”, while male names were linked to “business”, “executive”, “salary”, and “career”.

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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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Your employees with ADHD are struggling. Here's how to help

Employee Benefit News

With increased diagnoses and a medication shortage, employers can play an important role in supporting those with the condition.

Medical 62
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John Lewis Partnership and Co-op to increase pay

Employee Benefits

John Lewis Partnership and the Co-op are to increase their minimum pay rates for 2024. The Co-op has reaffirmed its commitment to paying the real living wage as recommended by the Living Wage Foundation, increasing its minimum hourly wage from £10.90 to £12, or from £12.25 to £13.15 in London. Team leaders will also receive a 10.1% increase from £12.10 to £13.32 per hour.

Retail 59
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The sector responds to the Spring Budget

Workplace Insight

Yesterday’s Spring Budget included a number of announcements that affect the various people, place and technology professions in the UK. These include a cut in National Insurance, pension fund reforms, support for working parents, AI, helping people back in to work and more. You can see the Government’s own summary here. The various industry sectors have been quick to respond to the announcements.

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Greggs to share £17.6 million bonus among staff

Employee Benefits

Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. In a webcast detailing the business’ latest results, chief executive Roisin Currie explained that Greggs will continue to share 10% of its profits with team members with at least six months of service as part of its profit share agreement.

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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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Developing Positive Self-Fulfilling Prophecies To Succeed

BetterUp

Jump to section What is a self-fulfilling prophecy?

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Recruiting the Best Mortgage Talent in the Real Estate Industry

Professionals Alternative

[link] The Key to Success: Recruiting the Best Mortgage Talent in the Real Estate Industry ‍ Image Source: Unsplash The importance of recruiting the best mortgage talent in the real estate industry Recruiting the best mortgage talent is crucial for success in the real estate industry. As the mortgage industry continues to evolve and become more competitive, companies must ensure they have a team of skilled professionals who can navigate the intricacies of the market.

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Learning the Ropes: How to Prevent Data Theft by Employees

HR Digest

Establishing policies on how to prevent data theft by employees has never been more important than it is now considering the increasing number of ways for employees to access and use data. An ex-employee from Google, Linwei Ding, was recently indicted for the theft of trade secrets from Google. The Chinese national was accused of stealing data related to Google’s AI trade secrets to share with two PRC-Based technology companies and the Justice Department saw this as a blatant theft of advanced t

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50 Thank You Messages for Designers to Share Appreciation with Them

Empuls

In the bustling world of creativity and aesthetics, designers are the unsung heroes who weave magic into our surroundings. Whether it's interior designers, graphic designers, or fashion designers, their expertise transforms ideas into tangible beauty. Behind every remarkable design, there lies an innovative mind, a skilled hand, and a heart brimming with passion.

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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.