March, 2024

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Report Details 3 Trends Driving Employers’ Health Care Costs

InterWest Insurance Services

Pharmacy spending, high-cost claimants and newly developed anti-obesity drugs are expected to shape health benefits and affect the cost of care and health insurance for employers, according to a new report. The “ 2024 Employee Health Trends” report by Springbuk, an online health intelligence platform, reflects concerns among employers and insurers about runaway drug costs due to increasingly expensive medications and new diabetes and anti-obesity drugs.

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Study: Exercise To Combat Depression In The Workplace

Wellable

Research confirms a natural antidote for depression: exercise. Learn how exercise programs boost employee mental health and organizations' bottom line. The post Study: Exercise To Combat Depression In The Workplace appeared first on Wellable.

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What is People Analytics, and how does it benefit HR?

Business Management Daily

What makes a great manager? How can you improve employee engagement ? Is your talent acquisition up to par? There’s one thing these questions all have in common: you can answer them all by digging into your people analytics. What is people analytics? It refers to analyzing your organization’s employee data to make smarter, data-driven decisions to improve your operations and reach your business goals.

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How benefits can offer an empathetic approach to processing death

Employee Benefit News

Advisers can do a better job of helping clients understand how to be there during difficult transitions and ensure their employees are appropriately covered.

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Future-Proof Your Talent Pipeline

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?

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Personal and Professional Uses of Generative AI

Money Talk

I recently co-taught a webinar for one of my clients about professional uses of artificial intelligence (AI) platforms such as ChatGPT. Below are eight highlights from my webinar presentation and some advice to get started: Previous Experience - Most people have had some experience with AI through word processing software, online searches, online pop-up ads, AI-enabled “smart home” features, and virtual assistants such as Alexa, Siri, and Cortana.

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Key Talent Acquisition Metrics You Should Track in 2024

HR Lineup

In the ever-evolving landscape of talent acquisition, staying ahead necessitates a keen understanding of metrics that gauge success and inform strategic decisions. As we step into 2024, organizations are increasingly recognizing the importance of data-driven approaches to recruitment. With technology advancements and shifting workforce dynamics, the metrics landscape is also evolving.

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Unlock business results: the power of employee performance management

Achievers

Arguably the most important factor to business success is its people. Employees are the embodiment of an organization’s purpose, vision, and objectives. That’s why it’s so crucial that every employee is clear on the role they play in the bigger picture. But more than just the role they play, it’s equally important they feel supported, recognized, and valued throughout their entire employee journey.

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Transparency Is an Important Part of the Employee Experience

HR Bartender

Estimated reading time: 4 minutes I saw this headline recently on CNBC – “ Over half of employees have no idea how their companies are using AI ”. We know AI (artificial intelligence) is a regular headline in today’s news. This article shared the results of a survey that said: Companies estimate that 70% of their workforce will use AI by 2028. 75% of employees would be more excited about AI if the company was more transparent about how the technology is being used. 54% of employees have no idea

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Want to break into tech? 30 companies offering fully remote positions

Employee Benefit News

FlexJobs released its ranking of organizations looking to hire new tech talent.

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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.

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Financial Shocks: What You Need to Know

Money Talk

Financial shocks are events that result in unexpected expenses and they are especially challenging for individuals and households with limited resources and tight budgets. Examples of financial shocks are plentiful and include the following: ¨ Big spikes in expenses due to inflation (e.g., childcare, food, insurance, rent, utilities) ¨ Car accidents ¨ Disability ¨ Divorce ¨ Large home repairs (e.g., roof, furnace) ¨ Large out-of-pocket medical or dental bills ¨ Loss of a job ¨ property damage du

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California Pay Data Reports Due in May, New Information Required

PayrollOrg

Pay data reporting is required in California for certain employers. Employers are reminded that reports are due May 8. Learn more about new data fields required for this reporting cycle.

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What is a Communication Breakdown in the Workplace?

HR Lineup

Effective communication is the cornerstone of any successful workplace. It fosters collaboration, enhances productivity, and builds strong relationships among team members. However, despite its importance, communication breakdowns are a common occurrence in many workplaces. These breakdowns can lead to misunderstandings, conflicts, decreased morale, and ultimately hinder organizational success.

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Biophilic design has a long history and an even bigger future

Workplace Insight

There are plenty of definitions of the modish concept of biophilic design around right now. But perhaps nobody can top that of Erich Fromm, the sociologist and psychoanalyst who first described it in his 1973 book The Anatomy of Human Destructiveness as “The passionate love of life and all that is alive”. The term biophilia was later popularised more dryly in a 1984 book by the biologist Edward O.

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Ready to Save Time With AI? Try 14 ChatGPT Prompts for HR

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.

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All Artificial Intelligence Is Not the Same

HR Bartender

Estimated reading time: 3 minutes A few months ago, we published an article about whether it’s okay for job seekers to use artificial intelligence to get help with their job search. I hope you’ll check it out. The reason I wrote the article is because recruiters were saying that they can tell when someone is using artificial intelligence (AI) to write their resume.

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3 leaders share ways to support women in the workplace

Employee Benefit News

On International Women's Day, top female execs share best practices for making equal opportunity part of company culture.

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Money Math for Life: A Webinar Summary

Money Talk

I recently participated as a panelist for a webinar titled Math Matters in Life: Personal Finances and Future Success. This webinar for financial educators, co-sponsored by the AFSA Education Foundation and National Math Foundation , discussed the important connection between math literacy and financial literacy and presented creative, engaging activities to teach money math.

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Payroll Solution Demo Pages Now Part of The Payroll Community

PayrollOrg

The Payroll Community, PayrollOrg’s online social network, is buzzing with excitement as it now boasts Payroll Solution Demo Pages where service providers can showcase their latest products and technology.

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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.

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What is a Toxic Work Environment?

HR Lineup

In the landscape of modern employment, the concept of a toxic work environment has gained increasing attention. Employees spend a significant portion of their lives at work, making the quality of their workplace environment crucial for their well-being, productivity, and overall satisfaction. Yet, defining what constitutes a toxic work environment, recognizing its signs, understanding its effects, and implementing strategies to address it remain essential challenges for both employers and employ

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Poor mental health in the workplace cost UK economy £102 billion in 2023

Employee Benefits

Poor mental health in the workplace cost the UK economy £102 billion in 2023, according to research by Axa UK. The healthcare group’s fourth annual Mind health study , which surveyed 16,000 people aged 18 to 74 from 16 European, Asian and American countries, also found that around £26 billion was lost to the UK economy from employees taking sick days last year, and a further £57.4 billion from workers being less productive due to work-related mental health conditions.

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Educate Employees to Practice Better Cybersecurity

HR Bartender

Estimated reading time: 4 minutes As you may know, Mr. Bartender and I are fans of the Marvel Cinematic Universe (MCU). Lately, we’ve been getting caught up on older episodes of the show Jessica Jones. One of the episodes we watched recently showed private-investigator Jessica breaking into a morgue to gather information about someone and she needed to access the computer.

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The key to seeing more women in finance? Mentorship

Employee Benefit News

Professor Mara Derderian at Bryant University explains why mentorship is vital to diversifying the male-dominated finance industry.

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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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Message to Vendors – Insights from 3Sixty Insights CEO

3Sixty Insights

In this installment of a series by Nicholas Biron from 3Sixty Insights, the focus shifts towards guiding vendors and salespeople on enhancing the buying process for business executives. Biron advocates for a slower, more deliberate sales approach in the cloud era, emphasizing the importance of sales teams acting as partners to educate clients on involving IT early and building strong business cases.

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PayrollOrg Releases Second Edition of EWA Report

PayrollOrg

PayrollOrg has released the second edition of its earned wage access (EWA) report, which explores the latest opportunities and challenges of EWA and payroll.

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10 Best Performance Testing Tools in 2024

HR Lineup

In today’s hyperconnected digital landscape, where user experience is paramount, performance testing has become an indispensable part of software development. With applications becoming increasingly complex and user expectations soaring, ensuring optimal performance under various conditions is non-negotiable. Fortunately, a plethora of performance testing tools are available to help developers and testers gauge and enhance the performance of their applications.

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UK office occupancy levels reach post-pandemic peak

Workplace Insight

New data from Remit Consulting suggests that UK office occupancy rates have risen to their highest level since the start of the pandemic. Although still below pre-pandemic levels, the data indicates a gradual return to more office-based work patterns. The ReTurn Report is compiled by Remit Consulting each week. It uses data provided by building managers in ten cities based on their property’s access control systems.

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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.