Wed.Jan 15, 2025

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Want to boost benefits engagement? Start smaller

Employee Benefit News

A multi-level delivery method makes benefits information more digestible, improving participation and giving employees a sense of empowerment.

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Expensive Litigation Is Driving Insurance Costs

InterWest Insurance Services

Soaring court judgments and jury awards are pushing up the cost of commercial liability and umbrella insurance policies, particularly for businesses that have been sued before. There are a number of factors at play, including massive “nuclear” jury awards for tens of millions of dollars, private equity-backed lawsuits and a phenomenon known as “social inflation” when the costs of jury awards increase faster than the cost of living.

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A guide to GLP-1 adoption: How employers can add this benefit in 2025

Employee Benefit News

Workers need more than GLP-1s to embark on a successful weight loss journey.

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Top 4 reasons why you should add a dependent eligibility audit to your benefits strategy

WEX Inc.

If you rely on the honor system for your companys benefits enrollment , you could be picking up the tab for ex-spouses, adult children, or others who are not eligible to be covered. On average, weve found that 3-5% of the dependents on an employer’s plan are deemed ineligible. A dependent eligibility audit can help you uncover any existing ineligible members.

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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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Traditional vs. Roth 401(k) and how best to leverage an HSA

Employee Benefit News

Cash flow, tax bracket and timing of distributions will determine whether pretax or post-tax treatment of retirement savings makes more sense.

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Amazon, Walmart and other employers pledge millions to support wildfire victims

Employee Benefit News

Corporations are donating funds toward relief efforts in the wake of the southern California wildfires.

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Advanced People Analytics: How Data-Driven Insights Transform HR Decisions?

Hppy

Have you ever considered how much time HR spends on looking for future employees? It is one of the most time-consuming tasks for HR professionals to hire productive employees. As a solution to shorten this process, HR adopts advanced people analytics combined with insights from employee monitoring systems. This approach not only accelerates the hiring but also enhances overall workflow efficiency.

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New obesity benchmark adds body fat and organ health to BMI

Employee Benefit News

Medical experts proposed a radical overhaul of how obesity is diagnosed, moving away from relying on body mass alone.

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Calculating full time equivalent (FTE): Benefits and uses

Business Management Daily

Why calculate FTE? Are you having trouble making budgeting and workforce planning decisions due to the large number of seasonal and part-time workers you have? If so, you should use the full-time equivalent (FTE) measurement to standardize your workforce on paper. In other words, instead of counting how many full-time, part-time, and seasonal employees you have, you count your total number of hours worked and then determine how many full-time employees it would take to work those hours.

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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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Guide to management liability insurance for business leaders

Higginbotham

Responsibility involves liability, which means that the actions and decisions of management could lead to lawsuits from employees, customers and stakeholders. Management liability insurance can help provide financial protection from this risk. However, to control all your risks, you may need more than one type of coverage. What is management liability coverage?

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What is Employee Segmentation?

HR Lineup

Employee segmentation is a strategy that divides a workforce into distinct groups based on various criteria to optimize management, engagement, and performance. Just as businesses use market segmentation to target different customer groups, employee segmentation allows organizations to create tailored strategies for different segments of their workforce.

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Protect Outdoor Workers in Areas Affected by Wildfire Smoke

InterWest Insurance Services

Cal/OSHA has issued a warning to employers located near the Los Angeles fires to take steps to protect their outdoor workers against unhealthy air quality. Wildfire smoke contains a number of harmful pollutants but the main danger to anyone outside in smoky conditions is particulate matter, which can lodge in the lungs. As well, with these fires, there are a lot of chemicals and other toxic fumes in the smoke from burning cars, tires, treated lumber, and more.

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How to Save Time with Payroll Automation: A Game-Changer for HR Teams

Qandle

In the fast-paced world of business, where every minute counts, finding ways to optimize processes is crucial. One area where time-saving becomes a game-changer is payroll processing. Managing payroll manually can be a tedious and error-prone task, leading to unnecessary delays and frustration. But what if there was a way to automate payroll and save hours, even days, of work?

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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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Zuckerberg announces Meta layoffs as company trims low performers

HR Digest

Meta will trim 5% of its workforcearound 3,600 employeesas part of a crackdown on low performers. The Meta layoffs come as Microsoft, Google, Apple and other tech giants hand the pink slip to non-performers. Nothing is permanent in the world of AI at least where innovation and competition run on two parallel lines. This truth hits home for thousands of Meta employees as CEO Mark Zuckerberg announces plans to cut 5% of the companys workforceroughly 3,600 rolesby February 10, 2025.

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How Will HR Technology Shape Our Future in 2025?

JGA Recruitment

In a workspace where speed and adaptability matter most, rapid-fire AI advancements are reinventing the HR technology landscape from top to bottom. Get ready for 2025 – the tipping point when people management and support within organisations undergo a massive makeover. Smart Technology Takes Centre Stage Artificial intelligence is reshaping recruitment and talent management.

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Do You Have a Best Friend at Work? Creating the Conditions for Nourishing Relationships

International Foundation of Employee Benefit Plans

Let’s face it: Were (still) lonely. In fact, one in five employees worldwide currently feels lonely at work. One factor contributing to this loneliness epidemic may be a lack of friendships. Having friends at work can make or break our overall job […] The post Do You Have a Best Friend at Work? Creating the Conditions for Nourishing Relationships appeared first on Word on Benefits.

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Unlocking Payroll Talent: Why 2025 Demands Specialist Expertise

JGA Recruitment

Welcome back to Payroll Perspectives , where Natalie Lloyd and I, Nick Day , share valuable insights to help you build high-performing payroll teams and drive business success. Firstly, Happy New Year! I hope you all had the opportunity to relax, reflect and recharge! I don’t know about you, but the holidays seem to rush by in a blink of an eye and I cannot quite believe we are already into the third week of January!

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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.