Wed.Jan 15, 2025

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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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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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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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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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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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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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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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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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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.