Tue.Feb 13, 2024

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2024 health benefits strategies: A guide to reducing costs while supporting employee well-being

Employee Benefit News

With innovative offerings and consistent education, employer benefits packages better meet the needs of all involved.

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Many people would forgo a pay rise in favour of flexible working

Workplace Insight

A new poll claims that nearly 50 percent of respondents would reject a substantial 15 percent pay increase if it meant forfeiting workplace flexibility, even in a challenging financial climate. Despite attractive flexible working policies outweighing the need for increased remuneration, the research – conducted by PayFit – claims that a sizable 83 percent of those surveyed felt improvement was needed to their current workplace’s flexible policies.

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HR leaders and recruiters reveal the secrets to early career success

Employee Benefit News

From resume tips to interview protocols, experts share their advice for getting your career off on the right foot.

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41% of employers expect increased demand for mental health support

Employee Benefits

Mental health support will be the most in-demand health and wellbeing benefit in 2024, according to research from Towergate Health and Protection. The survey of 500 HR professionals found that 41% are expecting to see an increase in demand for mental health support from their employees. A third (34%) cited that they expect to see an increase in support for financial health this year.

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The HR Leader’s Workforce Management Guide

In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.

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47% of Gen Z get better career advice from ChatGPT than from their managers

Employee Benefit News

A new survey from career development platform Indoo reveals how the youngest generation feels about current L&D programs.

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Workplace romance gone bad: Employees share their horror stories

Employee Benefit News

"Would I recommend finding your partner at the office? Probably not." Employees share the pros and cons of having an office relationship.

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Unlocking Hidden Potential in Your Organization as a People Leader

15Five

Think back to physics class for a moment. Remember the difference between kinetic and potential energy? Something like an explosion is an example of kinetic energy. A drawn bowstring, with an arrow aimed at a target, is potential energy. With the right input, all that potential energy turns into kinetic energy, and great things—like hitting the bullseye—can happen.

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Women-led startups fuel $167 million for the health industry in 2023

Employee Benefit News

Funding for women-led health startups surged more than 2,000% last year, helping drive the fundraising of $167 million for the industry.

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This Is Not a Test! IRS Confirms Long-Term, Part-Time Employees Excludible From Certain Nondiscrimination Testing

McDermott Will & Emery Employee Benefits

Under the SECURE Act and the SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. When this occurs, certain special rules apply to such employees that impact whether they must be included in annual nondiscrimination testing or receive […] The post This Is Not a Test!

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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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As baby boomers retire, don't let their knowledge leave the workforce, too

Employee Benefit News

With millions of baby boomers retiring, employers need to come up with a training plan to pass down their skills.

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Crushing the paper ceiling: How skill-based hiring elevates talent

Insperity

In today’s competitive business landscape, the traditional hiring process is evolving rapidly. One approach gaining traction among forward-thinking business leaders is skill-based hiring. What is skill-based hiring? Unlike traditional methods that prioritize loyalty, tenure or credentials, skill-based hiring crushes the “paper ceiling” and focuses on evaluating candidates based on their demonstrated abilities, competencies, and potential.

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18 Tips to Stop Feeling Lonely (That Actually Work)

BetterUp

Many people experience loneliness. That’s why we’ve offered these 18 tips to help you stop feeling lonely and live a happier life.

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Amazon workers begin three-day strike over pay

Employee Benefits

Credit: Sundry Photography / Shutterstock.com Amazon workers in Coventry have begun a three-day strike in a dispute over pay. More than 1,000 GMB union members at the retail firm are taking part in industrial action today (Tuesday 13), Wednesday 14 and Thursday 15 February, to earn £15 an hour and union rights. UK Amazon workers voted overwhelmingly in favour of further strikes in January this year, having taken over 30 days of industrial action in the past 12 months.

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Why (and How) to Switch to a New HR & Payroll Platform

Speaker: Speakers:

HR and payroll impact every aspect of your business. Choosing the right provider is one of the most important decisions you’ll make. Before you decide, hear first-hand customer accounts in Paycor’s webinar to learn: The three most important things to look for when switching. How to begin your search. What are some of the red flags?

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How to Choose a Career: 7 Ways to Pick a Career You'll Love

BetterUp

Jump to section How to choose a career path: 7 essential considerations How to find a career once you know what you want How to figure out what career you want

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Hermès to award €4,000 bonus to all employees

Employee Benefits

Credit: Maddie Red/Shutterstock Luxury fashion brand Hermès has announced that it will award all employees a €4,000 bonus in respect of its successful work in 2023. The news was announced at a presentation of the French firm’s 2023 full-year results, where alongside the staff bonus , it announced an increase in profits of 28%. All 22,040 employees will receive the bonus as part of its “commitment as a responsible employer, and its policy of sharing the fruits of growth with all those who contrib

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Five Basic Questions to Ensure Your Receipt Is Accepted

Benefit Resource Inc.

Congratulations on enrolling in a Flexible Spending Account (FSA)! The key to a smooth reimbursement process lies in understanding the crucial elements of proper expense documentation and ensuring your receipt answers 5 fundamental questions. Let’s explore these questions and discover where to find the necessary information. The Handling of Unresolved Expenses A month into your FSA plan year, you encounter an eligible dental expense, you use your benefits card, and submit the credit card r

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5 Tips for HR Professionals and Employee Mental Health

eni

We all know that being the go-to person for employees' mental health concerns is part of the HR gig. It's not just the employees, but even the managers turn to us for advice when someone on their team spills the beans. So, what do we say? What's the right language? And what's a definite no-no?

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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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Unveiling the Human Side of Accounting Staffing: Nurturing Client Connections

Professionals Alternative

[link] Unveiling the Human Side of Accounting Staffing: Nurturing Client Connections ‍ Introduction to Accounting Staffing and its Importance in the Accounting Industry As an accountant, I am well aware of the critical role that accounting staffing plays in the industry. Accounting staffing involves the process of sourcing, recruiting, and placing talented professionals in accounting roles within organizations.

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Cisco Layoff A Go: Earnings Call on 14 Feb to Determine Final Numbers

HR Digest

Another one bites the dust—employees are the ones left scrambling as the recent announcement of Cisco layoffs marks another industry resorting to job cuts to see company growth. U.S.-based networking company Cisco appears to be next in line to execute a pretty sizable number of job cuts, joining the already extensive list of layoffs in 2024. The company has been reported to have 84900 employees on its payroll currently and it’s uncertain just how many of them will be affected by the layoff

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Wisconsin Federal District Court Issues Five Rulings on Motions to Dismiss 401(k) Investment and Fee Cases – Is There a Way to Reconcile Them?

Proskauer's Employee Benefits & Executive Compensa

Defense counsel frequently lament the difficulties of defending 401(k) investment and recordkeeping fee litigation when different judges render conflicting rulings on motions to dismiss seemingly indistinguishable complaints. Even when the judges purport to apply the same legal standards, the outcomes can differ. For that reason, we thought it would be interesting to track the decisions by a single judge in the Eastern District of Wisconsin who rendered five rulings in this arena within one we

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OSHA Fines Paterson NJ Contractor $1Million for Fall Violations

Workers' Compensation

The U.S. Department of Labor's Occupational Safety and Health Administration has cited a New Jersey contractor for again exposing workers to fall hazards, this time while working at a construction site in Franklin Lakes, New Jersey. LACK OF FALL PROTECTION OSHA initiated an inspection of Adrian Construction Group LLC , of Paterson, NJ, in July 2023 under a local emphasis program for falls in construction.

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HR’s Complete 2025 Calendar of Important Dates

HR leaders can use this calendar from Paycor to track important HR and payroll tax dates. The 2025 calendar includes: Tax filing dates Federal reporting deadlines Bank holidays Links to relevant tax forms …and more! Get your 2025 HR calendar today!

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What of the Economy

Florida Workers' Comp

We have known for some time that the economy is being impacted by long-forgotten inflation levels. The pandemic was a time of great panic and economic turmoil. Perhaps there has not been a similar time of economic upheaval, and certainly not in living memory. In retrospect, there were so many poor decisions made regarding federal borrowing and spending.

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DOL Issues Final Independent Contractor Rule

InterWest Insurance Services

The U.S. Department of Labor in January 2024 finalized a new federal rule that will make it more difficult for employers to classify workers as independent contractors. The final rule formally rescinds the independent contractor rule issued by the DOL a few years ago and provides a different interpretation of how the key test of employment, called the “economic realities test,” should be applied.