Thu.Dec 14, 2023

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Twelve Signs That You Are Ready to Retire

Money Talk

Many older adults retire at the end of December to “start fresh” financially in a new calendar (and tax) year. Many younger adults wonder when they will be ready to retire and how they will know. Below is a brief discussion (in no particular order) of 12 signs of retirement readiness: Financial Preparedness - This includes adequate savings and other income sources (e.g., Social Security, pension, rent) as indicated by online tools like the FINRA Retirement Calculator.

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5 benefits that will rule 2024

Employee Benefit News

The chief well-being officer from EY and chief people officer from Headspace reveal what benefits will be vital to employee productivity and retention.

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The CEO as Corporate Cheerleader

McDermott Will & Emery Employee Benefits

How should the chief executive officer (CEO) respond to the host of internal and external challenges facing their business? In this Forbes article, Michael Peregrine suggests the CEO adopt a mindset rooted in rational confidence in the company’s future and in the leadership’s decision-making. Read more here. The post The CEO as Corporate Cheerleader appeared first on EMPLOYEE BENEFITS BLOG.

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3 ways to support sober employees during holiday party season

Employee Benefit News

The holidays can be challenging for people in recovery for drug and alcohol addictions, but there are ways to navigate the season with the right support.

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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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How to give feedback to employees: 7 tips for success

Insperity

In the workplace, the ability to provide constructive feedback is one of the most important tools at a manager’s disposal, giving them the power to shape not only an individual’s performance but also the performance of their department or organization as a whole. However, like many aspects of managing people, providing input is an art that takes practice.

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Minimum wage rates for 2024 by state

PeopleKeep

If you’re an employer hiring for the first time, knowing the minimum wage rate in your state is crucial. Even though there hasn’t been a federal minimum wage increase since 2009, many states have set their own minimum wage laws in more recent years that you must follow if you have employees or plan to hire in that location. This can be incredibly challenging if you’re operating a remote company with employees in multiple states.

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Startups face grim holiday season as layoffs, closures mount

Employee Benefit News

500 startups closed their doors this year, and over a quarter million tech employees were laid off.

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The Evolving Job Market in the Eyes of a Recruiter

Vantage Circle

The recruiting landscape has shifted dramatically in recent years. Candidates now have far more power than they did just a few years ago. In fact, research shows that the current job market is almost 90% candidate-driven. This means that companies no longer have the luxury of picking talent; talent picks them. As a result, hiring qualified job candidates with in-demand skills, has become difficult.

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3 reasons to make financial education your business' side-hustle

Employee Benefit News

No matter where an employee is in their financial journey, educating them on options is beneficial to their well-being and your bottom line.

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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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The Power of HR Management Information Systems

Qandle

In the fast-paced world of business, Human Resources (HR) departments play a crucial role in managing a company’s most valuable asset – its people. The advent of technology has transformed HR processes, and one of the key innovations is the HR Management Information System (HRMIS). This blog explores the significance of HRMIS, its functionalities, and the myriad benefits it offers to organizations aiming for efficient workforce management.

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10 Best Employee Handbook Software in 2024

HR Lineup

In the fast-paced and dynamic world of business, organizations are constantly seeking innovative tools to enhance their human resources management. One crucial aspect of HR is the creation and management of employee handbooks, which serve as a comprehensive guide for employees regarding company policies, procedures, and expectations. In 2024, a variety of cutting-edge employee handbook software options are available to streamline this process, making it more efficient and user-friendly.

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9 High-Income Skills to Develop in 2023

BetterUp

Jump to section What are high-income skills?

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Universal Music UK recruits Andrea Pattico as chief people officer

Employee Benefits

Credit: Carsten Windhorst Universal Music UK has hired Andrea Pattico as chief people officer. Reporting to chairman and chief executive officer David Joseph, Pattico will oversee the people strategy across all Universal Music UK’s labels and businesses. She has worked in a range of senior HR roles in global businesses over the past 25 years, most recently as chief people officer of digital marketing agency MVF.

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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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Not an Exception

Workers' Compensation

In most instances, the sole remedy for a worker injured at work is Workers’ Compensation Act [WCA] benefits. Even if the employer fails to obtain workers’ compensation insurance, the employee remains limited to those remedies provided under the WCA. In an unpublished decision, the Appellate Division in NJ ruled that an injured worker who suffered severe losses, including the loss of an eye, was limited to the benefits provided for under the Uninsured Employers’ Fund [UEF] provisions of the WCA.

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BP Pensioner Group takes legal action in pensions value dispute

Employee Benefits

The BP Pensioner Group has begun legal action against senior members of BP management and directors of the BP pension fund trustee due to concerns around the value of 2,500 members’ pensions. According to the BP Pensioner Group, the dispute is about decisions made by BP and the pension fund trustee in 2022 and 2023. It stated that these include the former chief executive officer (CEO), Bernard Looney, rejecting the trustees’ recommended cost-of-living increase to the pension and blocking an incr

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Electric car insurance: Costs, coverage and tips

Higginbotham

As electric vehicles continue to surge in popularity, the need for comprehensive and cost-efficient electric car insurance has never been more important. Understanding the nuances of insuring an electric vehicle can be difficult, but Higginbotham is dedicated to guiding you through the process and helping you make the most informed decision possible.

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London Metropolitan University enhances parental leave

Employee Benefits

Credit: Alex Yeung / Shutterstock.com London Metropolitan University has enhanced its parental leave as part of its commitment to nurture an environment where staff can thrive both professionally and personally. The updated policies now allow qualifying staff to take 52 weeks of fully paid maternity and adoption leave, which is double its previous entitlement.

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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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Unlocking Success: How to Find and Hire the Perfect Regional Credit Manager

Professionals Alternative

[link] Unlocking Success: How to Find and Hire the Perfect Regional Credit Manager Introduction: The importance of hiring the perfect Regional Credit Manager As businesses continue to navigate the complexities of the financial landscape, the role of a Regional Credit Manager becomes increasingly crucial. A Regional Credit Manager is responsible for overseeing the credit and collections operations within a specific region, ensuring the smooth flow of cash and minimizing credit risks.

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Greene King delivery workers employed by GXO accept pay deal

Employee Benefits

Delivery workers for the Greene King brewery have accepted an improved pay deal following industrial action this week. Around 30 members of trade union Unite, who are employed by logistics firm GXO on an outsourced contract, took part in industrial action over the course of six days. The workers involved in the strike were heavy goods vehicle drivers, drivers’ mates and warehouse staff based at the GXO’s Runcorn factory.

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Should You Consider Hiring Overqualified Candidates? HR Speaks Up

HR Digest

A couple of years ago, we had a host of new team members join our company, our HR having given in to hiring overqualified candidates who had been laid off from their previous roles. Despite being overqualified for the jobs we had available, they were hoping to find some form of employment quickly. With such a mixed bag of overqualified candidates, we had some of the best quality work done at the company during that time, acquiring a collection of new strategies on how we approached tasks.

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Benefits on offer at Gripple

Employee Benefits

Benefits offered by Gripple: Pension and group risk All employees are enrolled into a non-contributory pension, with 15% employer contribution. Employees can top up using salary sacrifice arrangement. Group income protection , employer funded for all employees. Critical illness insurance, employer funded for all employees. Share scheme Employee ownership model that awards all employees shares in the business.

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4 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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San Francisco Firefighter May Not Sue City Bus Driver for Alleged Negligent Operation of Bus

The Workcomp Writer

A California appellate court has affirmed a decision of a state trial court that held a San Francisco firefighter’s personal injury action against the San Francisco Municipal Transportation Agency (SFMTA)—and one of its drivers—was barred by the exclusive remedy provisions of the California Workers’ Compensation Law in spite of the fact that SFMTA enjoyed some autonomy to manage its own business affairs [ Vann v.

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What is talent development and how to make the most of it

Business Management Daily

No company’s leadership can last forever. Yes, Warren Buffett still manages Berkshire Hathaway despite doing so for an eternity, but even he will one day hand over the reins to someone else. At least, according to science he will. The future of every company depends on its ability to find and train the right personnel so they can steer the ship in the years ahead.

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Shameless

Workers' Compensation

The New Jersey Department of Labor and Workforce Development (NJDOL) has posted the names of 14 additional businesses to its Workplace Accountability in Labor List (aka The WALL), bringing to 82 the total number of delinquent employers with outstanding liabilities for violations of state wage, benefit or tax laws. Collectively, the 14 businesses that have failed to resolve their outstanding liabilities with NJDOL and/or Treasury despite repeated requests owe just over $956,000 in wages and penal

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Target Benefit Plans: An Update on Where They Stand

International Foundation of Employee Benefit Plans

Although target benefit pension plans have been in a state of unknown for a while, they are now closer to having a permanent funding model with several new proposals currently under consideration. In 2015, the Office of the Superintendent of Financial Institutions […] The post Target Benefit Plans: An Update on Where They Stand appeared first on Word on Benefits.

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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.