Wed.Mar 06, 2024

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Spring Budget 2024: National insurance contribution (NIC) rate cut to 8%

Employee Benefits

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. In his Spring Budget, Jeremy Hunt, Chancellor of the Exchequer, said that this will save the average worker on a salary of £35,400 around £900 a year, once combined with the 2p cut announced in the Autumn Statement 2023.

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AI In HR 2024: Transforming Talent With Technology

Wellable

1 in 4 organizations now leverage AI for HR. Discover how AI is reshaping hiring, learning, and performance management for more efficient HR practices. The post AI In HR 2024: Transforming Talent With Technology appeared first on Wellable.

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Hybrid working helps women into senior management roles

Workplace Insight

The widespread adoption of hybrid working has opened the door for women to apply for senior positions within their companies, according to a new report released ahead of International Women’s Day. IWG’s 2024 report Advancing Equality: Women in the Hybrid Workplace, based on research among more than 1,000 female hybrid workers, found that flexible working had allowed over half (53 percent) to pursue promotions or apply for more senior roles – which, in an encouraging move for advancing equ

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4 Ways to Support Employees Living with Disabilities

Best Money Moves

4 ways to support employees living with disabilities. Create an accessible workforce and access top talent with these helpful strategies. More than 1 in 10 Americans live with a disability, according to the U.S. Census Bureau. And while people usually think of disabilities in the physical form, many Americans live with “invisible” disabilities. “Unseen” or “invisible” disabilities have symptoms and impairments that are non-apparent, such as chronic pain, learning disabilities, or mental health c

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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 Releases 2024 Form 941, Schedules, and Instructions

PayrollOrg

The IRS released the 2024 Form 941, Schedule B, and Schedule R, along with their respective instructions. The lines on the form used to report COVID-19-related credits have been removed.

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National Insurance saving could be used to boost workplace pension

Employee Benefits

As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024. WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National Insurance if they can, to increase their monthly pension contributions.

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Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers

Patriot Software

Understand the new Alabama overtime tax law that exempts employees' overtime earnings from state income tax. Get the details and reporting requirements for businesses.

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Hiring up, layoffs down for US employers

Employee Benefit News

Though demand for workers is gradually cooling, there's still more than one available job for every person looking for one.

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How to interpret gaps in a resume: Red flag or not?

Business Management Daily

Having a gap in your employment history used to be considered a red flag that could greatly hinder your job search. However, much like job-hopping, it’s no longer an uncommon thing to come across gaps in resumes for most candidates. From changing attitudes towards work to the rocky job market created by the COVID-19 pandemic, several factors have led to a rise in career gaps.

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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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Gauging the impact of gamification on employee engagement

Employee Benefit News

Investing in fun incentives will pay dividends in the form of increased productivity, employee loyalty and company ambassadors.

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Darwinbox

การวิเคราะห์ข้อมูลบุคคล หรือ People Analytics คือการใช้เทคโนโลยีในการรวบรวมข้อมูลของพนักงานในองค์กรที่หลากหลายจำนวนมาก มาทำการประมวล วิเคราะห์ และรายงานผล

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2024 Excellence in Benefits Awards nominations are now open

Employee Benefit News

Nominations are open until Friday, April 12 to highlight the accomplishments of HR leaders, tech innovators and benefit advisers.

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Darwinbox

ก่อนจะเข้าสู่เนื้อหาสำคัญของการ “วางแผนผู้สืบทอดตำแหน่งอย่างไรให้ประสบความสำเร็จ” เราคงต้องมาทำความเข้าใจก่อนว่าการวางแผนผู้สืบทอดตำแหน่งคืออะไร และมีความสำคัญอย่างไรกับองค์กร

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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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LinkedIn is helping employees upskill with free AI courses

Employee Benefit News

The courses span several industries and proficiency levels in order to be useful to the largest demographic of workers.

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How to keep employees happy on minimum pay rates

Employee Benefits

Credit: M2K7/Shutterstock Need to know: When budgets are under pressure, organisations need to strike the right balance between pay, benefits and other factors such as working conditions and wellbeing. Benefits such as discount schemes, health cash plans and financial education can help employees make their money go further. Communication is key, helping organisations understand what motivates employees but also ensuring they appreciate the value of any benefits on offer.

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With a new employee loyalty program, hourly workers are seeing a big payoff

Employee Benefit News

Employees at PMC earn bonuses that can be cashed in for products, trips and savings options.

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Spring Budget 2024: TPR and FCA given powers to enforce Value for Money framework

Employee Benefits

Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework. Chancellor of the Exchequer, Jeremy Hunt, announced the plans in order to address pension schemes that are “persistently offering poor outcomes for savers”.

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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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UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

Workplace Insight

Ahead of International Women’s Day, new data from Ricoh Europe claims that UK and Irish businesses risk losing out on top female talent due to an inability to support workplace flexibility, exacerbated by a lack of technology and fit-for-purpose people policy. The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe , polled 1,000 workers and 250 decision-makers across the UK and Ireland.

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Savvy Hotels offers competitive reward package to attract and engage staff

Employee Benefits

Savvy Hotels runs three hotels across Liverpool and Chester, employing 41 people plus additional casual staff during peak times. As guests’ experiences are so dependent on the service they receive, happy employees are essential. Steven Hesketh, chief executive of Savvy Hotels and founder of The Hospitality Hero, explains: “We’re a family-run business and we want all our staff to feel they belong.

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How are health insurance premiums calculated?

PeopleKeep

If it’s your first time enrolling in a health insurance policy, you’re probably most eager to know how much your coverage will cost. While each type of insurance plan may vary in terms of copayments , coinsurance , and out-of-pocket expenses, no matter what plan type you choose, it will come with a premium to keep your policy active. Knowing how insurance companies determine your premium is the first step to securing comprehensive and affordable health coverage for you and your family.

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Spring Budget 2024: DC pensions required to disclose investment in UK equities

Employee Benefits

Spring Budget 2024: Jeremy Hunt, Chancellor of the Exchequer, has announced plans to bring forward requirements for defined contribution (DC) schemes and local government pension schemes (LGPS) to publicly disclose the breakdown of their asset allocation in UK equities. The 2024 Spring Budget report stated that across the pensions industry as a whole, data suggests investment into UK equities has fallen to around 6%.

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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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Digging Deeper Into Employee Retention Strategies

HR Digest

We moved far too quickly from the “Great Resignation” to the era of mass layoffs and it seems that employee retention strategies were lost in the transition somewhere in between. While organizations are busy trying to redefine their goals and re-establish themselves in their industries, employees have been somewhat forgotten as collateral, forced to adapt quickly to the swaying whims of their companies.

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Spring Budget 2024: Government maintains fuel duty freeze for 12 months

Employee Benefits

Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living. The measure, which was announced in the Spring Budget, will save the average car driver £50 in 2024-25 through the extension of the temporary five pence cut and the cancellation of the planned increase in line with inflation for 2024-25.

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The role of AI in healthcare

PeopleKeep

Artificial intelligence (AI) has become integral to many industries, including the healthcare sector. In recent years, AI has revolutionized healthcare by improving patient outcomes, streamlining processes, and reducing costs. From providing more accurate diagnosis and treatment to patient care and administrative tasks, AI is transforming how doctors, insurers, and other providers deliver healthcare.

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Musab Hemsi: When it comes to baby loss, employers should not forget about fathers

Employee Benefits

As progressive workplaces move towards a more open and supportive culture, the impact of baby loss, whether through miscarriage, stillbirth or neonatal death, is becoming more widely talked about. However, employer support is often focused on mothers, with less consideration given to the fact fathers are suffering too. As men are far less likely to disclose their struggles, there is a real worry that this suffering goes unnoticed.

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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.