How — and why — employers should make healthcare benefits interesting
Employee Benefit News
AUGUST 30, 2023
Employers should be investing just as much into education as they are into creating robust benefit offerings.
August, 2023
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Report: Group Health Plan Cost Inflation to Pick Up Steam
InterWest Insurance Services
AUGUST 31, 2023
A new report by Aon warns employers to expect average group health insurance costs to increase 8.5% in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. The report predicts that employers will pay an average of $15,088 in 2024, compared to the average this year of $13,906. The cost hike is almost double the 4.5% increases employers saw in 2022 and 2023.
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USCIS Releases Revised Form I-9 to Be Used by November 1
PayrollOrg
AUGUST 1, 2023
On August 1, U.S. Citizenship and Immigration Services (USCIS) published the revised Form I-9, Employment Eligibility Verification, with an edition date of 8-1-23.
How Does Dental Insurance Work and Is It Worth It?
Fringe Benefit Analysts
AUGUST 15, 2023
You probably know the feeling well. Another six months rolls around and then one day you glance down at your upcoming week’s schedule and there it is, your bi-yearly dentist checkup. But don’t panic. You know the dentist really isn’t as bad as it seems and there are actually some very important reasons to have a dental checkup and cleaning every six months.
Future-Proof Your Talent Pipeline
Advertiser: Paycor
Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?
How a second opinion healthcare program is saving employers $36k per employee
Employee Benefit News
AUGUST 31, 2023
A virtual appointment with a medical specialist at the Cleveland Clinic helps patients get the right kind of care.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
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Managing up: Definition, benefits, and risk
Achievers
AUGUST 30, 2023
Your relationship with your manager goes a long way towards determining how happy and successful you’ll be in your job. So it only makes sense to do your best to develop that relationship in positive and productive ways. That’s what managing up is all about. Read on to discover how you can leverage your communication skills to help both yourself and your manager reach new heights.
Highlights From a Women’s Retirement Class
Money Talk
AUGUST 31, 2023
I recently attended a seminar about financial concerns facing women in retirement. Below are seven key take-aways that I gleaned from the presentation and accompanying materials: Income Gap - This is the difference between an individual’s (or couple’s) total retirement income from various sources (e.g., pension, Social Security, annuities, dividends/capital gains, full- or part -time employment, self-employment) minus fixed (e.g., rent and car payments), variable (e.g., gas, food, and gifts), an
DOL Proposes $1,059 Weekly Threshold for ‘White Collar’ Exemption
PayrollOrg
AUGUST 31, 2023
On August 30, the U.S. Department of Labor (DOL) announced it intends to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions from $684 to $1,059 per week.
E-Verify: What Organizations Need to Know – hr bartender
HR Bartender
AUGUST 27, 2023
Estimated reading time: 5 minutes (Editor’s Note: Today’s article is brought to you by our friends at Poster Guard® Poster Compliance Service, a division of HRdirect and the leading labor law poster service that gets your business up to date with all required federal, state, and local labor law postings, and then keeps it that way — for an entire year.
Understanding Group Medicare for an Aging Workforce: Key Considerations for HR Leaders
Speaker: Shawnequa Albert
As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.
3 health benefits misconceptions to rethink for a more secure future
Employee Benefit News
AUGUST 30, 2023
Contrary to popular belief, it's absolutely possible to align incentives, pay less for claims and fix consumerism.
Job Satisfaction: Definition, Components, Types & Importance
HR Lineup
AUGUST 7, 2023
Job satisfaction is a crucial aspect of an individual’s work life, impacting their overall well-being and productivity. It refers to the level of contentment and positive emotions an employee experiences in their job role. When employees are satisfied with their work, they tend to be more engaged, motivated, and committed, which ultimately leads to improved performance and reduced turnover rates for organizations.
Dealing with Unresponsive HR: What to Do When HR Ignores Your Concerns
HR Digest
AUGUST 31, 2023
Have you ever found yourself in a situation where HR seems to be turning a blind eye to your concerns? You’re not alone. Dealing with unresponsive HR can be frustrating and disheartening, especially when you’re facing a toxic work environment or an unresolved issue. But fear not! We’ll explore actionable steps you can take when HR ignores your complaints.
Financial Implications of Working in Later Life
Money Talk
AUGUST 16, 2023
After declining in early years of the pandemic, the percentage of older adults in the labor force is increasing. An estimated 21.9% of Americans age 65+ were working in 2022. In 2019, the older worker cohort included nearly 15% of those in their 70s. Reasons for continued work include a need for additional income (inflation), boredom, social contact, structure, and a sense of purpose.
Ready to Save Time With AI? Try 14 ChatGPT Prompts for HR
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ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.
Form W-4 Step 3; What Does It Want?
PayrollOrg
AUGUST 31, 2023
When the IRS released the 2020 Form W-4, Step 3 was titled “Claim Dependents.” The 2023 Form W-4 titles Step 3 as “Claim Dependents and Other Credits.” A question many employees and payroll professionals had beginning with the release of the 2020 Form W-4 was what are acceptable entries for Step 3 from the IRS’s perspective?
What will the Flexible Working Act mean for working carers?
Employee Benefits
AUGUST 30, 2023
From 2024, employees will be able to request flexible working hours and patterns twice in a 12-month period and will not have to explain any potential effect on their employer. Organisations will have to consider all requests and provide a reason before rejection within two months. Being able to request flexible working should eliminate any stress, anxiety or worry for employees trying to balance work with caring responsibilities.
Need a vacation? Why Helsinki, Copenhagen and Vienna may cure burnout
Employee Benefit News
AUGUST 31, 2023
IBTM World ranks which cities can offer workers some reprieve from their day-to-day grind.
11 Best Human Capital Management (HCM) Software in 2023
HR Lineup
AUGUST 25, 2023
Human Capital Management (HCM) software has become an essential tool for businesses of all sizes, enabling them to efficiently manage their workforce, streamline processes, and optimize their human resources strategies. In 2023, the landscape of HCM software continues to evolve, offering a range of solutions tailored to the unique needs of various industries and organizations.
The Great Disruption: Leveraging AI To Better Your Benefits Strategy
Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC
The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.
A surprising number of employees wouldn’t mind having an AI as their ‘boss’
Workplace Insight
AUGUST 29, 2023
According to a new poll from the Asana Work Innovation Lab , nearly two-thirds of executives of executives think that artificial intelligence will help their companies reach their objectives. The report also suggests that 36 percent of employees in the United States and United Kingdom already use AI at work at least weekly. And a perhaps surprising number of people wouldn’t mind having their work graded by artificial intelligence or even having a robot as their ‘boss’ The repor
Money After 70: Financial Opportunities and Challenges-Part 2
Money Talk
AUGUST 10, 2023
As noted in last week's post, I am creating a new Money After 70 course for older adults. Below are 10 more changes, opportunities, and challenges for septuagenarians (people aged 70 to 79): Lasts and ROLE Calculations - As people age, their time orientation changes. As I wrote in my book, Flipping a Switch , people start doing return on life expectancy (ROLE) calculations.
Form W-4 Step 3; What Does It Want?
PayrollOrg
AUGUST 30, 2023
When the IRS released the 2020 Form W-4, Step 3 was titled “Claim Dependents.” The 2023 Form W-4 titles Step 3 as “Claim Dependents and Other Credits.” A question many employees and payroll professionals had beginning with the release of the 2020 Form W-4 was what are acceptable entries for Step 3 from the IRS’s perspective?
Helen Burgess: Back to school and the impact on employees
Employee Benefits
AUGUST 30, 2023
It’s nearly that time of year again where parents and their children start planning for the return to or start of school. The school day and the typical 9am to 5pm working schedule are not aligned and parent employees may request to change their start and finish times permanently, or ask to work from home on certain days to allow them to perform their work around school hours, if that is possible in their role.
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.
For benefit advisers, smart tech and AI are a stepping stone to better client service
Employee Benefit News
AUGUST 29, 2023
Ed Ligonde of Nava Benefits explains the impact smart tech can have on advisers' work and client impact.
10 Best Outplacement Services and Software in 2023
HR Lineup
AUGUST 23, 2023
In the rapidly evolving landscape of the modern job market, career transitions have become more common than ever. Organizations are recognizing the importance of providing support to their employees during times of change, which has led to the rise of outplacement services and software. These services assist employees in finding new career opportunities, enhancing their skills, and navigating the complexities of job searching.
States Amend Professional Practice Standards to Incorporate Telehealth
McDermott Will & Emery Employee Benefits
AUGUST 31, 2023
Numerous states—including Wisconsin, Illinois, Kentucky and Oklahoma—have been busy finalizing rulemaking and legislation that create or amend professional practice standards to incorporate telehealth. What have these states been up to over the last month? Learn more here. The post States Amend Professional Practice Standards to Incorporate Telehealth appeared first on EMPLOYEE BENEFITS BLOG.
Matching Contributions for Qualified Student Loan Payments Under SECURE Act 2.0
International Foundation of Employee Benefit Plans
AUGUST 31, 2023
With the federal student loan debt relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (covered in Part 1) or retirement plan matching under the SECURE Act 2.0 of 2022. The optional […] The post Matching Contributions for Qualified Student Loan Payments Under SECURE Act 2.0 appeared first on Word on Benefits.
Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration
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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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