August, 2022

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Reevaluating Your Payroll Processing Procedures: How to Know When It’s Time for a Change

Patriot Software

It’s always a good thing to reassess your business processes every once in a while. What can you improve on? How can you make processes easier? One process that many businesses struggle with is payroll. If your process is making you suffer, it’s time to switch things up by reevaluating your payroll process procedures. Payroll […] READ MORE.

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What are total rewards? Building an amazing total rewards package

Achievers

Today’s job seekers are looking for a lot more than just a pay bump. Salaries matter, but if given the choice between working at an organization that offers higher pay and one with a reputation for providing a variety of exceptional incentives and other forms of recognition, many employees would choose the latter. That’s why taking a holistic approach to the value your company offers employees — rooted in the concept of total rewards — is so important when it comes to attracting, engaging, and r

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Financial Aspects of “Unretirement”

Money Talk

The year 2021 was noteworthy for the “Great Resignation” as about 47 million people quit jobs last year. The year 2022 is equally noteworthy for a “Great Unretirement” as millions of older workers who left jobs during the pandemic decided to come back into the labor force. One study found 1 in 5 retirees were likely to start working again soon. Factors contributing to this trend include: 1. a high demand for workers (sometimes coupled with increased pay, signing bonuses, and/or remote-work flexi

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How to Gross up Payroll

Patriot Software

If you want to pay an employee supplemental compensation, such as a bonus or a relocation payment, you must withhold payroll taxes just like with regular wages. But, what if you want an employee to receive a specific amount after taxes? That is when you gross-up payroll figures. And to do that, you need to […] READ 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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C-suite vs employees: Closing the flexible work disconnect

Achievers

The world of work has changed. This may seem like an obvious statement after more than two years of working through a pandemic, an unprecedented resignation wave, and a looming recession. However, according to HR, more than half of company leaders don’t understand that organizations must change how they attract and retain employees to remain competitive. 56% of HR executives say their company leaders don’t appreciate that the world of work has changed.

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What Is a Cost of Living Raise?

Patriot Software

Employees love raises. Regular raises can improve employee happiness and put them in a better financial position. And, raises can reduce your employee turnover. You can give raises for merit or increasing job value. You might also give a cost of living raise. Employee raise expectations and employer plans are out of sync. Our free […] READ MORE.

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My Take-Aways from Retirement Planning Guidebook

Money Talk

I recently read Retirement Planning Guidebook , a 453-page tome by retirement researcher and American College professor Dr. Wade Pfau, cover to cover. As an age 60+ adult and a CFP® professional, I consider myself fairly well informed about retirement planning topics. Nevertheless, there was still many valuable insights. Whether you read this book completely, as I did, or use it as an “as-needed” desk reference, Dr.

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A Benefit to Attract and Retain Employees: Earned Wage Access

HR Bartender

Estimated reading time: 5 minutes. (Editor’s Note: Today’s post is brought to you by our friends at Wisely® by ADP , a suite of cost-effective pay solutions that helps organizations move to 100% paperless pay. The myWisely app has been recognized as the App of the Year at the HR Technology Conference. Congrats! Enjoy the article.). Several weeks ago, I published an article about “ 8 Employee Benefits Worth Considering to Attract and Retain Talent ”.

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What the Inflation Reduction Act means for employer-provided healthcare plans

Employee Benefit News

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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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Want your organization to be successful tomorrow? Focus on a skills-based approach today

TLNT

Call me out-fashioned, but I’m firmly of the school that you can’t always believe everything you hear from business consultants.

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10 organizational culture qualities every company should have today

Insperity

When it comes to driving the success of your business, organizational culture is – without exaggeration – everything. It impacts the: Engagement and satisfaction of your workforce Cohesion and harmony among people Behavior of your people Leadership style in your organization, which has an effect on the relationships between managers and their direct reports Willingness of your organization to embrace change and evolve Innovation and creativity of your workplace.

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Important Leadership Skills for Workplace Success

HR Digest

Many factors contribute to workplace success. One of the most important ones is leadership skills for the workplace. Leadership is about more than just being a good boss. It’s about being a good leader. And when you’re looking for work, you want to know that your potential employer will be able to count on your leadership and team development skills—whether it’s in a team environment or when leading a project from start to finish.

Health 128
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Are You Wealthy?

Money Talk

The words “wealth” and “wealth management” are used frequently in advertisements for financial products (e.g., exchange-traded funds or ETFs and cryptocurrency) and financial services (e.g., specific investment advisory firms). This begs the questions “what, exactly, is wealth?” and “how do people know when they, themselves, are wealthy?” One online dictionary defines wealth as “an abundance of valuable possessions or money.

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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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The 5 Stages of Digital Maturity

HR Bartender

Estimated reading time: 3 minutes. There’s a great series in Harvard Business Review talking about “ The Digitally Literate Organization ”. The first segment in the series is focused on giving everyone in the organization the capacity to innovate. There’s a lot of information to take in, but I would recommend checking it out when you have time. One of the pieces in the article that I particularly liked was a chart that outlined the stages of digital maturity.

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Adult children may be sapping their parents’ retirement funds

Employee Benefit News

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Creating a company culture that welcomes ‘boomerang’ employees

TLNT

Once upon a time, a significant percentage of organizations had policies against re-hiring former staff. These are people the HR community brands ‘boomerangs.’.

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Companies See Long-Term Benefits Of Virtual Reality

Wellable

It seems that the virtual reality world is no longer limited to the escapism of video games.

IT 119
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7 HR Priorities for 2025 to Supercharge Your Employee Experience

Speaker: Carolyn Clark and Miriam Connaughton

Forget predictions, let’s focus on priorities for the year and explore how to supercharge your employee experience. Join Miriam Connaughton and Carolyn Clark as they discuss key HR trends for 2025—and how to turn them into actionable strategies for your organization. In this dynamic webinar, our esteemed speakers will share expert insights and practical tips to help your employee experience adapt and thrive.

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5 Principles for Creating a Successful Workplace

HR Digest

To have a successful workplace, there are certain principles that your company has to abide by. This will help to improve workplace productivity and a great work environment. Certain organizations without principles set aside for employers and employees to live by tend to have issues from time to time. When we say issues, we mean big issues. That’s why it is very important to have workplace strategies for managing diversity in the workplace.

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Basics of Tax-Efficient Investing

Money Talk

As I wrote in my book, Flipping a Switch , the investment firm Nuveen, many years ago, created the advertising slogan “It’s not what you earn, it’s what you keep.” This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing.

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How to Deal With Disappointment: 5 Ways to Get Over it

BetterUp

Jump to section. What is disappointment? 5 ways to deal with disappointment. What are the causes of disappointment? Is feeling disappointed good for you? Know when to look for help. We’ve all felt waves of disappointment when something doesn’t go according to plan. Whether it’s canceling a wedding due to a global pandemic or missing out on the promotion you wanted, learning how to deal with disappointment is just part of life.

IT 117
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Outdated staffing models need a makeover in the gig economy

Employee Benefit News

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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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Are you ready for NYC’s anti-bias AI law?

TLNT

On November 10, 2021, New York’s City Council enacted Int. No. 1894-A – legislation, (effective from 1 st January 2023), that requires employers to conduct a ‘bias audit’ on artificial intelligence (AI) technology used to review, select, rank or eliminate candidates for employment or promotion.

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Seventh Circuit Affirms Dismissal of ERISA Stock-Drop Case

Proskauer's Employee Benefits & Executive Compensa

Since the Supreme Court’s ruling in Fifth Third Bancorp v. Dudenhoeffer , courts around the country have overwhelmingly rejected ERISA fiduciary-breach claims by 401(k) plan participants seeking relief related to investments in company stock funds. The Seventh Circuit recently continued that trend by affirming the dismissal of claims brought by participants in the Boeing 401(k) plan, but did so on grounds that (i) the fiduciary responsibilities associated with the company stock fund had been de

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10 Tough Questions You Must Ask In Your Next Job Interview

HR Digest

When you’re in a job interview, the more prepared you are, the better your chances of landing that dream position. Having these 10 tough interview questions and answers will help you get ahead of the competition and show your interviewer that you’re a go-getter who won’t be satisfied with anything less than a dream job. What are the tough questions to ask in an interview?

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Employee Benefits: A Key Part of Job Compensation

Money Talk

During this “Great Resignation” era when many workers are changing jobs or considering a job change, it is more important than ever to consider various types of employee benefits and their economic value. Also known as “fringe” (short for fringe benefits) or “perks.” employee benefits generally equal 25% to 50% of a worker’s gross pay. Thus, they are a key part of workers’ total compensation package.

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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.