April, 2024

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The 800-Pound Gorilla

Florida Workers' Comp

Sometimes we struggle with challenges we don’t perhaps fully understand. At times, forces conspire against us, consciously or not. Life is a journey filled with uncertainty, misconceptions, and mysteries. But frequently, the problem is all too clear, an 800-pound gorilla in the room. The world of work faces a systemic dilemma in the midst of the third decade of the 21st century.

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7 Signs Your Company Needs an Employee Benefits Audit

CorpStrat

Are you wondering if your Employee Benefits plan is truly hitting the mark? It’s time to reconsider how you approach delivering employee benefits. Year after year, many businesses let their employee benefits package remain unchanged. This means they’re offering tired, unattractive benefits that don’t compete well in today’s job market.

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Sustainability at the heart of everything… eco-friendly employee benefits

Employee Benefits

Monday, 22nd April, was Earth Day, and this year’s theme is Planet v. Plastics. The organisation is demanding a 60% reduction in the production of all plastics by 2040. Sustainability is at the heart of all we do at Pluxee UK, and we’re constantly striving to innovate our products to provide eco-friendly employee benefits. We’ve moved from reloadable gift cards and paper vouchers to digital alternatives, and we’re thrilled to offer a Virtual First version of our Pluxee Card – a prepaid cas

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Study Finds Child Care Benefits for Employees Effectively Pay for Themselves

Pacific Prime

A new research from Moms First and BCG finds that U.S. employers who invest in childcare benefits experience positive returns on investment, ranging from 90% to 425% ROI. For companies, this is the easiest talent investment decision you can make. This is a huge deal since the rising childcare costs and the lack of childcare. The post Study Finds Child Care Benefits for Employees Effectively Pay for Themselves appeared first on Pacific Prime's Blog.

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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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Flexible working rights stand to benefit millions of people

Workplace Insight

From today (April 6th 2024), UK employees will have the legal right to request flexible working from their first day in a new job. Under the updated regulations, employers must engage in discussions with employees and consider alternative solutions before declining a flexible working request. Decisions on applications must now be made within two months, reducing the previous timeframe of three months, which includes any appeals.

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State Agency Directories Updated, Available in Resource Library

PayrollOrg

PayrollOrg (PAYO) provides state agency directories on its website to help payroll professionals find the contact information they need to get their questions answered. The information has been updated for 2024.

Payroll 295
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Digital HR: Meaning, Benefits & Implementation

HR Lineup

In today’s rapidly evolving digital landscape, human resources (HR) departments are undergoing a transformation. Traditional HR practices are being augmented and, in many cases, replaced by digital solutions. This shift toward Digital HR represents a significant departure from conventional methods, leveraging technology to streamline processes, enhance employee experiences, and drive organizational success.

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Nurses appreciation week: A week of gratitude for our healthcare heroes

Achievers

Did you know there are over 4.7 million registered nurses in the U.S. , making them the largest group of healthcare professionals in the country? National Nurses Week is your time to honor these amazing healthcare heroes. Take a moment to recognize the tireless dedication, compassion, and skill of nurses who make a difference in countless lives every day and show your appreciation for these healthcare champions.

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Highlights of Recent Webinars: First Quarter 2024

Money Talk

Every quarter, I like to review and summarize my notes from webinars I attended during the last three months. Below are some interesting tidbits from recent programs that I attended: Future Self Thinking - Many people often think of their “future self” (who they will be decades in the future) as a stranger. As a result, they don’t think about the consequences of doing something now because their actions are affecting another person rather than themselves personally.

401(k) 196
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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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Build Trust at Work: UKG HR and Payroll eSymposium

HR Bartender

(Editor’s Note: Today’s article is brought to you by our friends at UKG , a leading provider of HR, payroll, workforce management, and culture cloud solutions. Newsweek named UKG for the second consecutive year to their Greatest Workplaces for Women. Congrats to them and enjoy the article!) I belong to a couple of online human resources groups. I’m sure you do too.

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The FTC's new non-compete ban is a wake-up call for employers

Employee Benefit News

Companies will need to work harder to retain employees, without "handcuffing" them to the business, says this HR expert.

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DOL Finalizes Salary Threshold for ‘White Collar’ Exemption

PayrollOrg

On April 23, the U.S. Department of Labor (DOL) announced a final rule to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions.

Salary 260
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What is Workplace Etiquette? Do’s and Don’ts

HR Lineup

In the professional world, success often hinges not only on skills and qualifications but also on the ability to navigate social interactions effectively. Workplace etiquette, therefore, plays a crucial role in creating a positive and productive environment. From communicating respectfully to fostering a culture of inclusivity, adhering to proper etiquette can enhance professional relationships, boost morale, and contribute to overall organizational success.

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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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#HRTechChat: A Strategic Discussion with John Baldino, President of Humareso

3Sixty Insights

In our latest HRTechChat, Dylan Teggart speaks with John Baldino, President of global HR firm, Humareso, and is a seasoned HR practitioner and consultant. John touches on the HR landscape in 2024, communication strategies for leaders, and the best ways to manage talent in the modern workforce. Our #HRTechChat Series is also available as a podcast on the following platforms: Apple iTunes: [link] Spotify: [link] Stitcher: [link] SoundCloud: [link] YouTube: [link] iHeartRadio: [link] Google Podcast

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Retire on Fire Class Series: Key Take-Aways

Money Talk

As the author of a book about transitions in later life, I recently served as a presenter for one session of a five-week online course called Retire on Fire: How You Can Thrive in Retirement. It was a pro bono presentation but one of the perks for doing so was free registration for the course and an opportunity to learn from the four other instructors.

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How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Credit: Andrey_Popov/Shutterstock Need to know: The cost-of-living crisis is forcing more employees to take on additional work due to financial pressures, raising concerns around burnout. Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. Employers need to ensure there is a culture where people can discuss financial concerns.

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How to talk to your employees about money

Employee Benefit News

Sixty percent of employees are stressed about their finances, and they're looking for opportunities to vent — and find support — from their managers.

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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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IRS Data Affirms Payroll’s Vital Role in Nation’s Tax System

PayrollOrg

On April 18, the IRS released its 2023 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

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What is Equity Compensation & How It Work?

HR Lineup

Equity compensation is a powerful tool used by companies to attract, retain, and incentivize employees. Unlike traditional forms of compensation such as salary and bonuses, equity compensation grants employees ownership stakes in the company. This can take various forms, including stock options, restricted stock units (RSUs), stock appreciation rights (SARs), and employee stock purchase plans (ESPPs).

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Virtual meetings can boost wellbeing and performance

Workplace Insight

Virtual meetings – often derided as impersonal and prone to technical glitches – can improve employee wellbeing and performance, a new study led by a Trinity Business School researcher has found. The research, conducted alongside Karin S. Moser (UniDistance Suisse, University of Queensland), Stefan Diestel (University of Wuppertal) and Isaac Alshaikh (South East Technological University Waterford), conducted during the ongoing shift to hybrid work environments and just published in the Journal o

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Individual Retirement Accounts: What You Need to Know

Money Talk

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). It will be a busy weekend for many taxpayers and tax preparers who are filing tax returns or tax filing extensions. One of the few things that taxpayers can do to reduce their income taxes after a calendar year ends is to make a tax-deductible contribution to a traditional individual retirement account (IRA) or a SEP-IRA (for small business owners and/or their employees).

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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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Council Guest Post: The Alight Spinoff of Payroll and HCM Professional Services

3Sixty Insights

Recently, Alight announced that it had agreed to sell its payroll and professional services business to H.I.G. Capital for up to $1.2 billion. Much of the focus on the Alight split continues from the lens of its heritage benefits business which will retain the Alight brand and continue its strategy for growth of its WorkLife® platform and portfolio of health, retirement, wellbeing, and leave administration.

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Why lifestyle savings accounts are an increasingly popular benefit

Employee Benefit News

WTW's senior director of employee spending accounts explains why more employers are considering adding LSAs to their offerings.

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Special Report Provides Insider Look at 2024 Capital Summit

PayrollOrg

PayrollOrg’s Special Report on its 2024 Capital Summit in the April issue of Payroll Currently offers an insider look at the latest developments affecting payroll professionals.

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What is a Boomerang Employee?

HR Lineup

In the dynamic landscape of modern employment, the term “boomerang employee” has gained traction. Boomerang employees are individuals who leave a company, only to return to work for the same organization after a period of time. This phenomenon is reshaping traditional notions of employee loyalty and organizational relationships. In this comprehensive guide, we’ll delve into the concept of boomerang employees, exploring their significance, motivations, benefits, and challenges f

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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.