Fri.Oct 04, 2024

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Financial Transitions in Later Life

Money Talk

I recently presented a webinar for financial practitioners called Important Financial Transitions in Later Life. Based on content of my book , Flipping a Switch , “flipped switches” are a metaphor for later life transitions. Below is a brief summary of 11 financial transitions: Spending Down Retirement Savings - It can be difficult psychologically for “super savers” to spend down accumulated wealth because it feels like a loss.

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Massachusetts Tax Amesty Begins November 1

PayrollOrg

The Massachusetts Department of Revenue will conduct a tax amnesty program from November 1, 2024, through December 30, 2024. The program includes withholding taxes.

Taxes 104
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Council Guest Post: What if You Use AI to Help You (And Not the Other Way Around)

3Sixty Insights

A guide for the savvy and smart individuals who want to leverage the power of artificial intelligence without losing their mind. Introduction If you’re reading this, chances are you’ve heard of artificial intelligence (AI) or have at least tried using it. You know, the technology that can do amazing things like write code, chat with you, or even beat you at chess.

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IRS Issues Federal ‘High-Low’ Per Diem Rates Effective October 1

PayrollOrg

The IRS released the optional “high-low” per diem rates for lodging expenses and meals and incidental expenses (M&IE) that may be used instead of the actual rates.

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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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Who is Eligible for the Individual Coverage HRA (ICHRA)?

PeopleKeep

Group health insurance remains a popular employer-sponsored benefit in the United States. But traditional group health plans are too costly for many employers. Plus the one-size-fits-all nature of these policies may not meet every employee’s needs. That’s why more employers are turning to personalized benefits like health reimbursement arrangements (HRAs), which offer employers more budget control and employees more flexibility over their medical care.

More Trending

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How To Deal With (And Move On From) A Friendship Breakup

BetterUp

Jump to section The heartbreak of a friendship breakup How to get over a friendship breakup How to break up with a friend Is it normal to have friendship breakups?

IT 96
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The Importance of Performance Management in a Remote Work Environment

Qandle

The global shift towards remote work has transformed the modern workplace, offering flexibility and convenience to both employees and employers. However, with these advantages comes a new set of challenges, particularly in managing employee performance effectively. Performance management plays an essential role in ensuring that employees remain productive, engaged, and aligned with company goals—whether they work in the office or remotely.

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From culture to career development, employees need support

Employee Benefit News

Organizations that work to connect, coach and offer opportunities to enhance tech skills are setting themselves apart.

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Exclusive: Wolseley and The Big Word Group to discuss wellbeing at Employee Benefits Live 2024

Employee Benefits

Wolseley and The Big Word Group will present a session on financial, mental and physical wellbeing on the second day of Employee Benefits Live 2024. The session, titled The holy trinity of financial, mental and physical wellbeing panel, is part of the financial wellbeing stream and will be held on Wednesday 9 October at 1.45pm. Ant Donaldson, reward manager at Wolseley (pictured above), and Chris Whiting, global head of people and talent at The Big Word Group, will explore how to balance the foc

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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.

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Meta unveils a new AI video generator that could take on OpenAI and Google

Employee Benefit News

The new artificial intelligence tool that can generate or edit videos based on a simple text prompt.

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59% of DC pension savers will enter retirement with savings below expectations

Employee Benefits

Nearly three in five defined contribution (DC) pension savers will enter retirement with savings below expectations or below an adequate level, according to analysis by Phoenix Insights. Phoenix Group’s longevity think tank’s report Tomorrow’s problem? Analysing the future impact of DC pension undersaving is based on responses of around 16,500 UK employees aged 25 and over.

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Masterclass at Work's advice: Add Gen AI to learning and development strategies

Employee Benefit News

Hyper-intelligent tech can do more than just summarize and take notes, an expert argues.

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Pharmacists employed by Boots accept 4% pay increase

Employee Benefits

Pharmacists employed by Boots have accepted a 4% pay increase effective from 1 November following discussions between the retailer and the Pharmacists’ Defence Association (PDA) union. Under the agreement, all eligible pharmacists, who are not in their notice period or have not had a pay increase on or since 1 August, will receive a 4% pay award as part of a recognition of their role within the community pharmacy sector and the business.

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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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Patience and Persistence: Keys to a Successful Job Search

JGA Recruitment

The job search journey is often more of a marathon than a sprint. Snagging that perfect opportunity often demands lots of patience & persistence, and while it’s easy to feel discouraged when offers don’t immediately roll in, it’s crucial to remember that landing the perfect job takes time. You can lean on a healthy dose of optimism to propel you forward when the road ahead seems uncertain.

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The top 10 most read articles between 27 September – 3 October 2024

Employee Benefits

The top 10 most read articles between 27 September – 3 October 2024 on employeebenefits.co.uk were: Tribunal claim over ‘dubious’ birthday leave fails Co-op launches diversity campaign and social mobility, inclusion and belonging strategy NEU teachers in England accept 5.5% pay rise Egress, Adobe Systems and Cisco named Best Workplaces in Tech 2024 Private medical insurance found to be most in-demand employee benefit Nudge and Reward Gateway | Edenred partner to provide financial education

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10 Topics for Employee SMS Campaigns

Flimp Communications

Text messaging (aka SMS) might be the perfect way to communicate with employees in 2024. Compared to other, less beloved communication methods, such as email, SMS has two things going for it: reach and immediacy. Nearly everyone has a smartphone and nearly everyone texts. The average person looks at their phone within three minutes of receiving a text alert.

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Instagram video highlights canine communication in the workplace

Employee Benefits

Something for the weekend: Communication is very important in a workplace, and some employees may occasionally take part in a bit of gossip here and there. As office dogs have become more common due to their ability to help reduce stress and enhance social connections, they might find themselves getting involved too, as seen in a video shared on 25 September by @lenwichthegolden, an Instagram account about golden retriever Lenny.

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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

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HRA Eligibility FAQs: HRA Eligibility Requirements

PeopleKeep

Finding health benefits for your organization can be daunting. Small employers are turning to health reimbursement arrangements (HRAs) to offer health benefits to their employees. An HRA gives organizations a way to provide quality benefits without the high costs of group health insurance. But, since many organizations aren’t familiar with the benefit, they have questions about who is eligible to participate.

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3 approaches to becoming a better coach

Business Management Daily

By Kevin Eikenberry There are many methods managers can take to become a better coach. Today, I’m giving you three keys to coaching success. Try them out and find the best approach that works for you and your team members. Perspective One of the things coaches bring to those they coach is a different perspective. Let’s face it: As humans, we have plenty of blind spots.

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10-4 by WEX offers instant diesel savings to independent owner-operators

WEX Inc.

WEX announced today, on National Truckers Appreciation Day, that its new app, 10-4 by WEX , offers nationwide diesel discounts to independent truckers, including owner-operators and small trucking fleets. This free mobile app was developed by WEX, a leader in the fuel payments industry, to offer fuel discounts typically reserved for larger trucking enterprises to independent truckers and small trucking companies in the U.S.

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What Is Fawn Response? Fight, Flight, Freeze, And Fawn

BetterUp

Jump to section What is fawn response? What causes someone to develop the fawn response? Fawn response examples How do you fix a fawn response?

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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!

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Fuel savings for your trucking business

WEX Inc.

Trucking brings remarkable value to the U.S. economy. According to the American Trucking Association , trucking generated over $940.8 billion in gross freight revenues in 2022. As a trucking business owner, generating enough revenue to keep your doors open is more likely what you’re focused on, however. As an owner-operator you’re operating your own trucks and hauling freight for a variety of clients of all sizes on top of managing a business.

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EHRC consults on updated code of practice

Employee Benefits

The Equality and Human Rights Commission (EHRC) has launched a consultation on its code of practice for services, public functions and associations, which has been updated in the light of case law and other developments. The code of practice sets out the steps that should be taken to ensure people are not discriminated against. It has been updated to incorporate the EHRC’s technical guidance on age discrimination, originally published in March 2016, and to reflect the legal understanding set out