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5 surprising symptoms of financial stress (and 5 helpful solutions). The effects of financial stress can be devastating to your workforce. Learn what to look out for and how you can make a difference. Employee financial stress has been in the spotlight throughout 2024 amid continued inflation and economic uncertainty. In a survey of 2,000 Americans, MarketWatch found that 88 percent of respondents reported feeling some form of financial strain and 65 percent felt that finances were the top sourc
Owning and operating a fleet of vehicles is complex. From managing maintenance and repairs, to fuel management, to ensuring you have the parts and tools you need to keep your vehicles on the road, there’s a lot of oversight required. While the use of fleet cards can help you manage fuel spend, the best fleet card programs go beyond just fuel. Partnering with a fleet card company, like WEX, you’ll have the ability to expand your oversight and management beyond fuel.
Money Matters is an annual program that, through the help of volunteers, teaches paycheck basics to young adults. Learn how to make an impact as a volunteer; also, apply now for a Money Matters Scholarship, open until September 30, 2024.
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 does the word respect mean? Look it up on the Internet, and you will generate definitions such as “due regard for the feelings, wishes, rights, or traditions of others,” “recognizing the worth of a person or thing, “ and “treating everyone with dignity, appreciation, and fairness.” A particularly significant way to grasp the meaning is to think about how you would help a child understand the concept.
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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.
What does the word respect mean? Look it up on the Internet, and you will generate definitions such as “due regard for the feelings, wishes, rights, or traditions of others,” “recognizing the worth of a person or thing, “ and “treating everyone with dignity, appreciation, and fairness.” A particularly significant way to grasp the meaning is to think about how you would help a child understand the concept.
The growing popularity of "gig" work has benefits professionals wondering how they can ensure independent workers have opportunities to access retirement savings.
There’s a lot to be said for not being slaves to the clock and the screen. Ironically, the way we measure time has its roots in a famous instance of daydreaming. The story goes that in 1583 a young student at the University of Pisa called Galileo Galilei was daydreaming in the pews while his fellow students were dutifully reciting their prayers. He noticed that one of the altar lamps was swaying back and forth and even as its energy dissipated, the arc of each swing slowed so that each took the
Are you weary from the burdensome manual process of tracking attendance? Imagine how you could utilize the time saved by adopting a more streamlined system. Manual tracking is not only labor-intensive; it’s also prone to human error, complicating essential tasks such as payroll processing and regulatory compliance. HR professionals require an efficient, accurate system to record working hours.
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.
Take part in our latest readers’ poll on a current topical issue. Earlier this month, Employee Benefits reported that one in three (34%) UK organisations admitted they do not offer financial advice, according to new research by Close Brothers’ Workplace Financial Wellbeing Service. The findings revealed that this increases to 51% of employers with fewer than 500 employees.
Don’t let your #1 candidate pick or top-tier employee be the one who got away. Whether it’s an employer’s or employee’s market, the job market for top talent is competitive. You need a robust employee benefits package to attract and retain talent. Offering a small business benefits package starts with building one out.
Credit: Mistervlad/Shutterstock Need to know: The Labour government’s Employment Rights Bill will enhance employee rights but there are concerns that proposals could have unintended consequences, adding cost, disadvantaging some businesses and their employees, and affecting recruitment strategies. Extending pay gap reporting to ethnicity and disability may require a rethink on data collection but also around the way the information is reported and how the detail shapes the business.
5 surprising symptoms of financial stress (and 5 helpful solutions). The effects of financial stress can be devastating to your workforce. Learn what to look out for and how you can make a difference. Employee financial stress has been in the spotlight throughout 2024 amid continued inflation and economic uncertainty. In a survey of 2,000 Americans, MarketWatch found that 88 percent of respondents reported feeling some form of financial strain and 65 percent felt that finances were the top sourc
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.
Digital Science, a technology firm in the research ecosystem sector, has appointed human resources leader and author Claire Fox to the role of chief people officer. Based in London, Fox will join the Digital Science executive team. She has more than 20 years’ HR experience, initially in national, European and global HR leadership roles in the fast-moving consumer goods sector at Unilever.
In a decision that emphasizes the binding nature of unappealed workers’ compensation commission or board rulings, the Court of Appeals of Virginia recently affirmed the state Commission’s application of res judicata in a dispute over mileage reimbursement for medical treatment [ Edelblute’s Service Center v. Edelblute , 2024 Va. App. LEXIS 469 (Aug. 13, 2024)].
The government’s pensions reform agenda could reshape the rewards and benefits landscape, presenting both opportunities and challenges for employers. So, what could this mean for the UK workforce? The newly announced pensions review presents an opportunity to improve pension adequacy. Likely to be considered during 2025, employers might be asked to increase minimum automatic enrolment (AE) contributions from the current level of 3%.
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.
Chancellor of the exchequer Rachel Reeves has launched a review to boost investment, increase saver returns and tackle waste in the pensions system. The review will be led by minister for pensions Emma Reynolds and will focus on defined contribution workplace schemes and the Local Government Pension Scheme (LGPS). It will look at how tackling fragmentation and inefficiency can unlock the investment potential of the £360 billion LGPS in England and Wales, which manages the savings of those workin
Even while cyberattacks increase, the cost of cyber insurance has been dropping thanks to businesses implementing better controls to thwart such activity and reduce their losses if they become victims of a malicious attack, according to a new report. Rates fell an average of 17% last year after surging in 2021 and 2022 as the COVID-19 pandemic spurred cyber criminals to ramp up attacks, according to insurance group Howden’s 2024 cyber report.
Credit: Serge Cornu / Shutterstock.com Charity Macmillan Cancer Support has completed a £33.7 million bulk annuity deal for its pension scheme. The full scheme buy-in with Aviva will secure the scheme’s retirees and deferred members’ benefits. The defined benefit (DB) scheme is maintained by Macmillan, under the stewardship of a board of trustees. It closed to new members in 2005 and to all new monetary contributions in 2010.
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