Thu.Oct 31, 2024

article thumbnail

Inflation Impacts and Financial Clawback Strategies

Money Talk

Unless you’ve been living under a rock during the past three years, you know that inflation- i.e., an increase in the cost of goods and services- has been a major concern of U.S. households as their dollars purchase less than they did prior to the pandemic. While virtually no household purchase has been exempt, areas of highest recent concern are food, vehicles, insurance, and housing.

Food 194
article thumbnail

Compliance TV: IRS Announces 2025 COLAs for Transportation Fringes, FSA Deferrals; Social Security Wage Base Increases to $176,100 for 2025; and more

PayrollOrg

In this November 2024 issue of Compliance TV: IRS announces 2025 COLAs for transportation fringes, FSA deferrals; Social Security wage base increases to $176,100 for 2025; and more.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Remembering and Persevering

Florida Workers' Comp

Overdose and senseless death have been a topic woven through this blog over the past 11 years. I have spent a great deal of time striving to understand the why and what of drug use, overdose, and governmental efforts to stem both. There are a great many people dead. In Nitazenes are Worse (June 2024), I noted that our national overdose deaths are now greater than the loss of American lives in all wars since this nation began as a small conglomerate of former colonies clustered along the Atlantic

Medical 80
article thumbnail

Are Your Benefits Enough to See Employees Through a Crisis?

InterWest Insurance Services

Middle class families — those with incomes of between roughly $50,000 and $100,000 per year — are becoming increasingly reliant on workplace benefits to ensure their financial well-being in case of a disability or critical illness. Simple health insurance is insufficient to carry the load. The loss of a breadwinner’s or caregiver’s financial contribution through death or disability is often devastating.

article thumbnail

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

article thumbnail

Saving Money on Employee Benefits is Not as Scary as You Think

International Foundation of Employee Benefit Plans

The 2024 edition of the International Foundation’s Employee Benefits Survey addresses many topics that organizations struggle with to keep benefit cost down for their employees. This includes health care plans and prescription drugs. Prior research conducted in 2024 by the International Foundation […] The post Saving Money on Employee Benefits is Not as Scary as You Think appeared first on Word on Benefits.

More Trending

article thumbnail

10 states with the most and least salary transparency

Employee Benefit News

California is the state with the largest percentage of job listings that show a salary, and Alabama is the state with the lowest percentage.

Salary 93
article thumbnail

Onboarding with purpose: How to align new hires with company goals

Insperity

Bringing a new hire into the fold is an exciting moment for not just the employee but also the organization! But it’s also a pivotal time to align them with the company’s mission and goals, especially if they are coming in mid-campaign, mid-year, or during particularly crucial moments in time where it’s important to get up to speed quickly. Here’s why helping new employees understand and connect with your company’s objectives isn’t just about onboarding – it’s a long-term investment in you

Health 78
article thumbnail

The role employers play in gray divorce

Employee Benefit News

Companies can provide better financial literacy to help older couples, who are separating, make smart decisions with their money.

article thumbnail

The Link Between Financial Wellness and Employee Performance

3Sixty Insights

Roughly 60% of Americans reported living paycheck to paycheck in 2024. These numbers are unsettling, especially given their consistent growth. But it also means nearly two-thirds of the U.S. workforce could face a financial crisis over something as simple as a flat tire. The downstream effects of this are not just confined to workers. They also impact the performance of the businesses they work for.

Finance 64
article thumbnail

4-Week Roadmap for New Hires

Nearly one-quarter of employees (23%) admit they’ve cried within the first week! Give new hires a positive start with this four-week onboarding roadmap. This schedule outlines all the turns, detours, and speedbumps new hires can expect in their first month. We’ve included suggestions for each week to help you make your new employees’ highway to success an easy road.

article thumbnail

Key US inflation gauge and spending pick up in solid economy

Employee Benefit News

Wages rose, gas prices went down and consumer spending habits are seen by experts as a favorable sign.

87
article thumbnail

Bridging Vision and Execution: The Critical Role of Market Research in B2B SaaS Go-To-Market Planning

3Sixty Insights

In the dynamic world of B2B SaaS, transforming a visionary mission statement into a successful product requires a strategic roadmap. This journey begins with comprehensive market research, a process that not only validates your vision but also systematically builds the foundation for informed decision-making. By following a sequential approach—Industry Analysis, Competitive Analysis, and Customer Needs Assessment—you create a layered understanding of the market that enhances your product’s

Health 64
article thumbnail

Structuring Competitive Compensation Packages for UAE Talent

Bayzat

Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Sometimes referred to as a salary package, an employee compensation package is the overall combination of financial and non-financial rewards that employees receive in exchange for their work.

Salary 52
article thumbnail

Balancing Benefits and Wages: How Rising Healthcare Costs Impact Small Business Strategies

CorpStrat

With healthcare costs climbing, small business owners are navigating difficult choices between competitive wages and sustainable benefits plans. In today’s challenging business environment, healthcare costs are becoming an increasingly difficult hurdle for small business owners. A recent study, the *2024 “Pulse of the Purchaser” survey* by the National Alliance of Healthcare Purchaser Coalitions, highlights how the rising costs of healthcare are affecting employers’ ability to offer wage increas

article thumbnail

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.

article thumbnail

The post-open enrollment checklist you’ve been waiting for

WEX Inc.

Open enrollment season is a marathon of important decisions, paperwork, and deadlines for HR teams, so the relief of the season ending is undeniable. But, before you move on from open enrollment, there’s a crucial step that’s often overlooked: the post-open enrollment checklist. Keep reading as we take you through the essential tasks and considerations you need to address after the enrollment period ends, ensuring that your employees are ready to take full advantage of their benefits choices nex

Taxes 52
article thumbnail

Breaking Out Our Reserve of Salary Negotiation Tips for You to Employ

HR Digest

Need a few salary negotiation tips to ensure the pay at your next job aligns with your best interests? We’re going to break down some salary negotiation strategies so you don’t find yourself both overworked and underpaid despite all the experience you have in your field. Any salary is better than no salary at all, so it can be very tempting to accept a job offer without any negotiations.

Salary 52
article thumbnail

Accounts payable automation: A checklist for choosing the best partner

WEX Inc.

The automated accounts payable (AP) market is expected to grow from $3.08 billion in 2023 to over $7.01 billion by 2030 , according to Grand View Research. Many factors are pushing the changes. Cost reduction From cutting the volume of paperwork and banking costs to earning rebates from virtual card payments , payments technology has vastly altered the accounts payable landscape.

Taxes 52
article thumbnail

Four honest impressions of Orgatec 2024

Workplace Insight

I’ve been going to Orgatec in Cologne since 1992. It has always been one of the twin global behemoths of office design shows. The other being NeoCon in Chicago. Over that time, I’ve seen it dwindle significantly in size, if not relevance. It is held every two years, which means it can offer a better snapshot of current thinking about offices than an annual show might.

article thumbnail

How to Make The Best Benefits Decisions for 2025's Workforce: An HR and Total Rewards Guide

Speaker: Kaitlin Ruby Carroll

Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha

article thumbnail

How Total Compensation Reports Boost Employee Engagement – with Samples

COMPackage

In today’s competitive talent market, keeping employees happy and engaged is critical. One powerful tool many companies overlook is the Total Compensation Report (TCR). These reports go beyond just base salary, detailing the full value proposition an employee receives, including benefits, paid time off, retirement savings plans, and more. A well-designed TCR can be a game-changer for employee engagement, fostering trust, appreciation, and a deeper sense of connection with the company.

article thumbnail

The top 12 employee survey vendors of 2024

Achievers

As modern workplaces continue to evolve and strive to balance in-person, hybrid, and remote work, keeping a pulse on employee sentiment is more important than ever. Employee survey tools are platforms dedicated to delivering a steady stream of insights on employee engagement and the health of your organization culture. They allow your company to quickly identify employee concerns and areas that need improvement while making informed, data-driven business decisions.

article thumbnail

What the 2024 presidential election could mean for women's rights in the U.S.

Employee Benefit News

Ann Olivarius weighs in on the impact of Vice President Kamala Harris' candidacy in the 2024 election.

95
article thumbnail

Election 2024: Reproductive Rights in the US

McDermott Will & Emery Employee Benefits

With the US election less than one week away, what are the legal implications of a Harris-Walz administration versus a Trump-Vance administration on reproductive rights? In this Q&A, Sarah Raaii explores how the election’s outcome could impact how plan sponsors and employers address reproductive care, including fertility treatments like in vitro fertilization.

article thumbnail

Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!