Thu.Apr 11, 2024

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Individual Retirement Accounts: What You Need to Know

Money Talk

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions. One of the few things that taxpayers can do to reduce their income taxes after a calendar year ends is to make a tax-deductible contribution to a traditional individual retirement account (IRA) or a SEP-IRA (for small business owners and/or their employees).

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10 most popular industries for interns

Employee Benefit News

A financial services platform ranked work placement opportunities across several fields to find the most popular.

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Little by little, we can reduce workplace stress

Employee Benefits

April is stress awareness month, and #LittleByLittle, we’re doing our bit to help businesses reduce workplace stress. While we’ll always say that stress can be a motivating force, prolonged periods of excessive stress levels can lead to severe problems. Read on to discover five ways to manage workplace stress, helping reduce absenteeism and increase employee engagement.

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Why healthcare literacy is key to financial wellness

Employee Benefit News

Research from Arizent reveals how workers' lack of healthcare literacy can impact their well-being.

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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.

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Family Office Tax Webinar Replay: Compensation Strategies

McDermott Will & Emery Employee Benefits

Taxes can have a significant impact on family offices, influencing decisions around structure, investing and overall planning strategies. McDermott’s Family Office Tax webinar series explores the latest trends and guidance on tax planning for family offices and identifies opportunities to optimize tax efficiency. Our first webinar covered the legal, tax and administrative considerations a family […] The post Family Office Tax Webinar Replay: Compensation Strategies appeared first on EMPLOY

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Newcastle Building Society rolls out flexible benefits platform

Employee Benefits

Credit: ML Robinson / Shutterstock.com Newcastle Building Society has rolled out a flexible benefits platform for its more than 1,000 employees in order to boost engagement with its benefits package. Through a partnership with employee benefits provider Zest, the building society’s employees will be able to access all of their benefits in one place and select the ones most relevant to their personal situation.

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The evolving role of the CHRO

Employee Benefit News

The HR leaders of the future will find success in non-permanent, external resources that can be used as needed.

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A Little Teapot

Florida Workers' Comp

There is an ancient rhyming song that features a teapot. I have heard it many times over the years. It is used as an interactive with children and is quite entertaining. One version ends with the realization that the singer is actually a sugar bowl. I was reminded of that when I noted there are various issues that seem to persist in the news. One of note is identification.

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Amazon CEO predicts their cloud platform will lead generative AI boom

Employee Benefit News

Andy Jassy predicts the company's cloud infrastructure will be host to Amazon's own GenAI applications along with those of other companies.

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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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Digital HR: Meaning, Benefits & Implementation

HR Lineup

In today’s rapidly evolving digital landscape, human resources (HR) departments are undergoing a transformation. Traditional HR practices are being augmented and, in many cases, replaced by digital solutions. This shift toward Digital HR represents a significant departure from conventional methods, leveraging technology to streamline processes, enhance employee experiences, and drive organizational success.

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Government launches new disability guide with CIPD

Employee Benefits

The Department for Work and Pensions has published new guidance to help employers better support disabled people. The new Disability Confident guide was produced in conjunction with the Chartered Institute of Personnel and Development (CIPD). The DWP said it forms part of its £2.5 billion Back to Work plan, which is a broader push to get more people back into the workplace.

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What are the 6 Stages of HR Digital Transformation?

HR Lineup

In today’s fast-paced digital landscape, human resources (HR) functions are experiencing a significant evolution. The traditional methods of managing personnel, recruitment, training, and performance evaluation are being reshaped by digital technologies. This transformation, known as HR digital transformation, is not just about adopting new tools; it’s a strategic overhaul that impacts the entire HR ecosystem.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 in benefits. The analysis by Avalare , a wellness plan provider, and commissioned by the U.S. Chamber of Commerce, found that firms with 100 or more workers to whom they offer group health benefits gained from increased productivity, reduced direct medical costs (for self-insured firms), ta

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Why (and How) to Switch to a New HR & Payroll Platform

Speaker: Speakers:

HR and payroll impact every aspect of your business. Choosing the right provider is one of the most important decisions you’ll make. Before you decide, hear first-hand customer accounts in Paycor’s webinar to learn: The three most important things to look for when switching. How to begin your search. What are some of the red flags?

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Reducing Loneliness: 4 Action Steps for Employers 

International Foundation of Employee Benefit Plans

During the COVID-19 pandemic, people spent a lot of time isolated and indoors, which helped foster an environment where some people now feel lonelier than ever. The result is a loss of social connectedness—the degree to which people feel the social connections […] The post Reducing Loneliness: 4 Action Steps for Employers appeared first on Word on Benefits.

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Playwrights receive minimum fee rise under UK Theatre Agreement

Employee Benefits

Playwrights who are members of the Writers Guild of Great Britain (WGGB) are to receive a minimum fee increase following successful union negotiations. Under WGGB’s UK Theatre Agreement, playwrights will receive a 10% rise in minimum fees , with 6% backdated to 1 May 2023 and a further 4% from 1 May. The UK Theatre Agreement’s banding system groups theatres into three categories known as middle-range salary level.

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How to make your next HRIS payroll software implementation the best yet

cipHR

Your HRIS payroll software implementation project needs careful planning, and it all starts with choosing the right vendor.

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Age UK and Barratt Developments shortlisted for Best benefits to support menopause

Employee Benefits

Charity Age UK and housing business Barratt Developments have been shortlisted in the category Best benefits to support menopause at the Employee Benefits Awards 2024. This award was created to celebrate a benefits offering that supports staff with their menopause journey, such as a new range of supportive initiatives, training and employee workshops, a revised healthcare benefits provision that addresses the menopause-related needs of staff, or access to external providers and specialists.

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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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Self-Care At Work

Wellable

Self-care is crucial to maintain balance and health. Explore self-care tips for employees and strategies for employers to support their workforce's well-being. The post Self-Care At Work appeared first on Wellable.

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Confessions of a benefits manager: Candid runs manager training on incentives

Employee Benefits

I don’t want to sound like a shirker, but it really is not my job to manage the incentive programme. Yes, bonuses fall under total reward, but there is a separate incentives team headed up by Iris who purportedly do all that. And they do. Well as far as managing the incentives module of the HR system Choreday, making sure all the data is loaded, and such.

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Decision Matrix: What It Is & How to Use Them

BetterUp

Jump to section What is a decision matrix?

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Mastering HR: Best HRM Books for Beginners to Read in 2024

HR Digest

Feeling like your HR bookshelf is collecting dust? Us too. Forget the dry theory – we’ve compiled a list of the hottest HR reads of 2024 that will challenge your thinking, equip you with actionable strategies, and maybe even make you laugh (gasp!). From talent acquisition hacks to building a kickass company culture, these books will get you fired up to tackle the ever-evolving world of work.

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HR’s Complete 2025 Calendar of Important Dates

HR leaders can use this calendar from Paycor to track important HR and payroll tax dates. The 2025 calendar includes: Tax filing dates Federal reporting deadlines Bank holidays Links to relevant tax forms …and more! Get your 2025 HR calendar today!

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Monthly Aggregate Claim Liability Statement

Employer Connection

The current self-funded plan design Aggregate Claim Liability Statement(s) is available to view in the Document Center by logging in to the website. Groups will continue to receive a monthly email notifying them that an important document is available for them to view in the Document Center. The Aggregate Claim Liability Statement report tracks claims and compares actual claim activity to the aggregate claim liability.

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Icebreaker ideas for virtual meetings (that employees won’t hate)

Business Management Daily

Remote meetings are weird! Large groups of people get together on a little screen with awkward camera angles and jittery microphones. People don’t interrupt each other because audio glitches mess everything up, so they politely wait for others to finish before jumping in. Imagine all the spontaneity that’s sapped by just being polite. Like it or not, for many employers team meetings won’t likely shift back to in-person anytime soon.

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Amplifying rewards and recognition impact through HRIS integrations

Achievers

Integrating Human Resource Information Systems (HRIS) with rewards and recognition platforms presents transformative potential for organizations, positively impacting culture and employee experience. Research firm Everest Group guest bloggers Lokesh Goyal and Varun Madan offer benefits and insights for successful implementation As organizations navigate the constant evolution of workplace dynamics, the significance of HR technology has become increasingly apparent.