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In today’s fast-paced work environment, productivity is a key concern for both employees and employers. One effective method to enhance productivity is time batching. This guide explores what time batching is, how it works, and how it can significantly boost workforce productivity. What is Time Batching? Time batching is a time management technique that involves grouping similar tasks together and completing them in dedicated time blocks.
Does your health savings account (HSA) have enough funds to carry you through the second half of the year? And, if it does, is there more you could be doing to grow those funds? We’ve broken down how to know if you’re contributing enough to your HSA to cover costs for the entire year and whether or not you should invest with extra funds. Perform your HSA midyear check!
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?
Have you ever wondered why employees keep leaving despite the company’s best efforts to retain them? This challenge is more common than you might think, and it highlights the importance of understanding the benefits of employee retention in today's business environment. Companies with high retention rates enjoy a plethora of advantages, from substantial cost savings to enhanced productivity and a stronger company culture.
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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.
International Foundation of Employee Benefit Plans
JULY 9, 2024
So far in 2024, the Department of Labor (DOL) has released proposals for plan administrators to populate a missing participant database and automatic portability of retirement plan accruals when employees change jobs. The DOL also finalized a retirement security rule package and […] The post Three DOL Developments for Retirement Plan Sponsors appeared first on Word on Benefits.
California Insurance Commissioner Ricardo Lara on May 31 approved all of the Workers’ Compensation Insurance Rating Bureau’s recommended changes to class codes for some electronics manufacturing sectors, as well as increases to the wage thresholds for construction industry dual classifications. The following changes will take effect for policies incepting on or after Sept. 1, 2024: Electronics manufacturing industry One of the changes links two more classes to the 8874 companion clas
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.
A recent NBC News report highlighted the interaction between a RIF and Veteran's Administration benefits. The expose is fascinating and illustrates the interaction and interpretation of law. In many contexts, statutes create and define government authority and govern the rights and obligations of individuals and other entities. It is intriguing to consider those statutes and their impacts.
Despite 70% of employees highlighting the importance of recognition , just 42% have received regular recognition from their chief executive officers (CEOs), according to research by Boostworks. The employee reward and recognition, benefits delivery and wellbeing provider’s white paper The heart of workplace engagement, which surveyed 3,000 UK HR professionals, C-suite leaders and employees, also found that 81% of HR professional respondents resonated with the need for emotional bonds thr
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.
During this recent webinar, McDermott Partners Andrew Liazos, Brian Mead and Heidi Steele discussed what employers should consider in the evolving landscape of noncompete agreements. With the Federal Trade Commission’s Final Rule that would ban noncompetes nationwide set to go into effect on September 4, 2024, assuming pending litigation doesn’t cause any delays, employers will […] The post Recording and Key Takeaways: FTC’s Final Noncompete Rule: Developing Your Game Plan appeared first o
Employee Benefits poll: Four-fifths (82%) of organisations have a take-up rate of between 0-25% for their employee assistance programme (EAP), according to a survey of Employee Benefits readers. Meanwhile, just 15% of respondents said employee take-up of their EAP sits between 26-50%, while 3% answered that it was between 51-75%. No respondents reported take-up between 76-100%.
Clinical trials have been fundamental in the advancement of medical science, involving the rigorous testing of new drugs, medical devices and treatments before they are approved for widespread use. However, these trials also have the potential to carry significant risks, not just in terms of scientific failure but also in potential legal and financial exposures.
Credit: Serge Cornu / Shutterstock.com More than 100 workers employed by facilities services OCS Group at Edinburgh Airport have accepted an 11.9% increase to their basic wages. The employees help airport passengers with reduced mobility issues, including assisting with wheelchairs and ambilift vehicles. Their minimum hourly pay will rise from £10.90 to £12.20 per hour, which is above the real living wage, and will be backdated from 1 January.
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.
Cote is taking a powerful step in bettering the lives of a remarkable 3,000 people with the support of Each Person , marking a major milestone in their journey in building a supportive modern workplace. Each Person is thrilled to see 3,000 people receive unmatched recognition for the brilliant team of Côte. The innovative vision of their people manager, Grace Wylde, has truly reformed the way their people can show they value one another and celebrate milestones.
The Supreme Court of Nebraska recently held that an employer cannot avoid waiting-time penalties by refusing to pay any indemnity benefits when there is no reasonable controversy that the employee has suffered a compensable injury [ Mosher v. Whole Foods Market, Inc. , 317 Neb. 26, 2024 Neb. LEXIS 72 (July 5, 2024). The court emphasized that even when there is a dispute over whether an employee has reached maximum medical improvement (MMI), the employer must still pay benefits that are undispute
The current self-funded plan design Stop-Loss Statement, formerly Aggregate Claim Liability Statement, 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 Stop-Loss Statement report tracks claims and compares actual claim activity to the aggregate claim liability.
The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!
The economy isn’t doing too great and hasn’t been for the last decade. What looked like a strong housing market priced young urban dwellers out of their chance at affordable home ownership. Meanwhile, rent keeps increasing, tossing more money into equity for living spaces they’ll never own. And then there’s the job market. In 2023, layoffs in America more than doubled those of previous years, reaching millions.
Jump to section What interviewers are looking for when they say, "tell me about yourself" Tell us about yourself examples: what do the best answers have in common? How to answer "tell us about yourself" questions 3 sample answers for "tell us about yourself Interview prep tips: how to show up as your best self Is discussing your personal life a good idea?
Long gone are the days when a payment could only be cash passing from hand to hand, a check arriving on your doorstep, or a wire transfer appearing in your bank account. Today there are many more ways to pay and receive payment––faster, safer, more efficient, and more trackable means for businesses and individuals alike. ABC News recently reported that companies that facilitate peer-to-peer payment services now handle an estimated $1 trillion in payments annually.
Samsung workers have initiated a strike against their company in protest of its failure to meet their demands for better pay, among other things. The strike has been initiated by the National Samsung Electronics Union, one of the largest unions associated with the company, and it comes after a one-day strike conducted last month failed to push the company to consider their demands.
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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