Fri.Aug 02, 2024

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Compliance TV: IRS Announces Some Amended Returns Can Now Be E-Filed; IRS Issues Final Rules to Update Required Minimum Distributions; and more

PayrollOrg

In this August 2024 issue of Compliance TV: IRS Announces Some Amended Returns Can Now Be E-Filed; IRS Issues Final Rules to Update Required Minimum Distributions; and more

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Remote work is holding back innovation, study claims

Workplace Insight

Remote work and ‘hybrid working’ models may greatly enhance employees’ work-life balance, but new research suggests they might also be stifling innovation. The study , led by economists from the University of Essex and the University of Chicago found that employees who worked in a hybrid model were less likely to come up with innovative ideas compared to their colleagues who always worked in the office.

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Median pay award for three months to June rose to 4.6%

Employee Benefits

The median pay award across the economy rose slightly from 4.5% to 4.6% for the three months to June 2024, according to Incomes Data Research (IDR). Its latest analysis, based on a sample of 227 pay awards between 1 April and 30 June covering more than 1.9 million employees, also found that 30% of all pay increases were worth 6% or more and 19% were worth between 5 and 5.99%.

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Job Benefits Attract Candidates, Advertising Them Will Work in Your Favor

HR Digest

Job benefits attract candidates and advertising these benefits is the way forward—that is what a study by Indeed Hiring Labs has reconfirmed for us recently. It’s no surprise that giving candidates a more attractive offer works in a company’s favor. However, the report showed that mentioning the benefits in a job posting could be very beneficial for a company.

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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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Answering the question… How do you boost engagement with employee benefits?

Employee Benefits

Pluxee UK walks you through their 21-Day Money Marathon, an internal financial wellbeing challenge they created to boost engagement with employee benefits, enhance awareness, champion camaraderie, and give their colleagues space to share ideas and have fun! Read the full story here: How do you boost engagement with employee benefits? The post Answering the question… How do you boost engagement with employee benefits?

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Lovewell’s logic: Is there a disconnect around health and wellbeing?

Employee Benefits

Employee wellbeing is a top priority for many employers, but how many can say that their health and wellbeing provision is truly living up to its full potential? Two separate pieces of research published this week suggest that while employers are investing in supporting their workforces’ health and wellbeing , this often appears to be missing the mark with employees.

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Communication is essential for making ESG impactful

Employee Benefit News

Paycor's CHRO shares how making small moves and keeping open communication can catapult ESG efforts.

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SCA UK Pension Plan completes £1.1 billion pensions buy-in

Employee Benefits

The SCA UK Pension Plan, which is sponsored by global hygiene and health firm Essity Group, has completed a £1.1 billion pensions buy-in. Headquartered in Sweden, Essity employs 1,600 UK employees across six manufacturing sites and three commercial offices. Its portfolio includes Tena, Cushelle, Tork, Plenty, Velvet and Bodyform. The transaction, which was carried out with Legal and General, secures the benefits of 5,900 retirees and 3,600 deferred members.

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Organisations need to address the rising problem of workplace sickness

Workplace Insight

Rising levels of workplace sickness are costing UK businesses billions each year, according to a new report from the Institute for Public Policy Research (IPPR). The think tank’s analysis reveals that the annual hidden cost of employee sickness has surged by £30 billion since 2018. Of this increase, £25 billion is attributed to lower productivity from employees working while ill, with only £5 billion due to an increase in sick days.

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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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Hong Kong and Israel award Olympic athletes the biggest bonuses

Employee Benefits

Credit: Hethers / Shutterstock.com Something for the weekend: Most people have been glued to their televisions watching the Paris 2024 Olympics for the past few days, marvelling at the talent of the athletes. It turns out that some of them don’t just come home with medals, but with special bonuses as well! According to a July 2024 report by Forbes, two of the countries that award the biggest medal bonuses are Hong Kong and Israel.

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How dissolvers shape polymer and plastic production

Workplace Insight

Dissolvers or solvents are indispensable in modern manufacturing. These chemical substances are crucial in producing polymers and plastics, integral to countless industries, from automotive to consumer goods. To learn more about their role, check our solvents. Understanding how dissolvers shape polymer and plastic production provides insight into the complex chemistry behind everyday materials.

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The top 10 most read articles between 26 July – 1 August 2024

Employee Benefits

The top 10 most read articles between 26 July – 1 August 2024 on employeebenefits.co.uk were: National living wage to increase in line with median earnings Central Co-op introduces new financial wellbeing benefit Junior doctors agree 22% pay deal Court of Appeal upholds High Court ruling on Virgin Media pension scheme Reeves confirms public sector pay rises of 5-6% Greggs pension scheme completes £100m buy-in 58% of employers say health benefits underused by staff ITV agrees deal for Box C

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Organizational politics in the workplace: The good, the bad, and the ugly

Business Management Daily

Office politics is an inevitable aspect of the workplace. Regardless of where you work or how friendly your office may seem, human beings are inherently imperfect, and their desires often clash. As commerce relies on human interaction, which it always will, disagreements and conflicts are bound to occur. Simply put, it’s an unavoidable part of life.

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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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Saudi Arabia enhances retirement age, pension contributions and maternity leave

Employee Benefits

The Saudi Arabian government has updated the retirement age for employees and increased pension contributions and maternity leave. Its amended Social Insurance Law, which is managed by the Saudi Arabian General Organisation for Social Insurance, now applies to both public and private sector employment to make it easier for employees to move between sectors.

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Court Upholds NJ Temporary Workers’ Rights Act

Workers' Compensation

The Third Circuit affirmed the District Court’s decision, holding that The Temporary Workers' Rights Act ["Act"] was found to be a permissible exercise of New Jersey’s police power, not in violation of the dormant Commerce Clause, and sufficiently clear to meet constitutional standards. Background and Key Issues The United States Court of Appeals for the Third Circuit addressed an interlocutory appeal brought by the New Jersey Staffing Alliance, the American Staffing Association, and the New Jer

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Social proof: The most effective ways to showcase your CSR activities

Employee Benefits

Social proof is one of the most important parts of doing good within an organisation, and the stats confirm it. For example… 72% of consumers consider customer testimonials more credible than when a brand talks about its own product (TINT) 72% of consumers trust a business more as a result of positive reviews and testimonials. (BigCommerce) 63% of consumers consider visual testimonials to be more credible than written testimonials (TINT) When it comes to social proof, CSR programs are a huge par

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Emotional Detachment: When It's Healthy And When It's Toxic

BetterUp

Jump to section What is emotional detachment? What does emotional detachment feel like? Symptoms of emotional detachment Healthy vs.

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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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Checklist to Help Deliver a Perfect Employee Gift

HR Professionals Magazine

The post Checklist to Help Deliver a Perfect Employee Gift appeared first on HRProfessionalsMagazine.

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Federal & State Benefit Navigation 

HR Professionals Magazine

The post Federal & State Benefit Navigation appeared first on HRProfessionalsMagazine.