April, 2023

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New Trends in Workplace Benefits: What Employees Want

HR Digest

The job market is constantly evolving, and as a result, the employee benefits regulations that are expected from employers are also changing. Today, employers are under increasing pressure to stay ahead of employee benefits trends and offer a comprehensive range of workplace benefits that cater to the diverse needs of their employees. Employers who can follow the biggest employer benefits trends and offer attractive and relevant benefits to their employees are better positioned to attract and r

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Buyer’s guide to flexible benefits technology

Employee Benefits

What is flexible benefits technology? Earlier in the evolution of employee benefits, organisations would provide a static set of rewards. Although these might change somewhat according to seniority or length of service, there was little in the way of flexibility or tailoring. These benefits would likely be communicated via letters or total reward statements, sent out to staff at certain intervals.

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What is a remote work stipend?

PeopleKeep

Allowing employees to work remotely can save employers a fair amount of money on expenses like building rent, supplies, maintenance, utilities, and even relocation costs. However, as more organizations adopt a hybrid or fully remote work environment , they must consider the hidden costs their employees will incur while working from home. While remote work is preferable for many employees today, it does add more financial responsibility to their plates.

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Are employers picking affordable healthcare benefits?

Employee Benefit News

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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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12 Ways to Prioritize Employee Wellness

TalentCulture - Employee Benefits

Organizations have long considered employee wellness a priority. But in the wake of the pandemic, it’s more important than ever. Here’s why: 99% of organizations are facing talent challenges. And after years of disruption, workforce wellbeing is on especially shaky ground. Investing in wellness could go a long way to restore employee confidence and commitment. […] The post 12 Ways to Prioritize Employee Wellness appeared first on TalentCulture.

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Benefit brokers court the C-suite to bring cost-cutting change to health plans

Employee Benefit News

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What financial wellbeing support should be offered around salary advance schemes?

Employee Benefits

It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved. Many scheme providers will include financial education and guidance on how best to benefit from the scheme. Having access to data and monitoring usage each month can help identify if employees are repeatedly drawing down on their wages in increasing increments.

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Divorce coaching benefits help employees better manage a separation

Employee Benefit News

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3 ways to revamp benefits communications

Employee Benefit News

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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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APA Creates Workgroup on IRS Forms

PayrollOrg

The APA Government Relations Task Force Federal Issues Subcommittee created a workgroup to review IRS forms.

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Top Tips for Mastering Meeting Etiquette

HR Lineup

Meetings are an essential part of any organization’s success, but they can be a source of frustration if participants don’t follow proper etiquette. Mastering meeting etiquette is not only essential to make the meetings productive, but it also helps build a positive image of yourself in the organization. In this article, we will discuss meaning, top tips for mastering pre and post-meeting etiquette.

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Can Farmers Ever Afford to Retire?

Money Talk

One of my Money Talk clients is my long-time employer, Rutgers Cooperative Extension. In addition to writing monthly Small Steps to Health and Wealth™ financial messages , I also present online webinars and class segments. I recently presented content for Annie’s Project-NJ ; a program designed to build the skills of women farmers in New Jersey. My segment of their six-week class series was called Can Farmers Ever Afford to Retire?

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How to Find the Right Artificial Intelligence Tool for HR

HR Bartender

Estimated reading time: 9 minutes I’ve published a couple of articles lately about the need for organizations to have an artificial intelligence (AI) strategy and how AI can help organizations with employee development. It’s possible that with all the conversation about AI technologies in today’s news, organizations are talking about what AI could mean for their operation and how to get started.

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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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15 Ways to Improve Your Focus and Concentration Skills

BetterUp

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85% of adults on the autism spectrum are unemployed — and hiring practices may be to blame

Employee Benefit News

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IRS Renews Warning About Third Parties Promoting ERC Claims

PayrollOrg

The IRS renewed its warning that employers should be wary of third parties advising them to claim the employee retention credit (ERC).

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What is a Workplace Assessment & Its Benefits?

HR Lineup

A workplace assessment is a process of identifying potential hazards in the workplace and evaluating the effectiveness of current safety measures. Workplace assessments can help organizations to identify areas where they need to improve safety, as well as to identify areas where they are meeting or exceeding safety standards. This article will provide an overview of what a workplace assessment is, the benefits of conducting one, and some best practices for conducting a workplace assessment.

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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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Useful Information from Recent Webinars- Part 1

Money Talk

Every so often, I review my personal “learning journal” and summarize notes taken from various webinars. Below are six information nuggets that caught my eye: Impact Investing - This is a big growth area in the investment world and is expected to grow. The stated intention is to have investments create change and generate a positive impact on the world- as well as a high return.

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Artificial Intelligence Can Empower Your Employees

HR Bartender

Estimated reading time: 7 minutes A few weeks ago, I published an article about how Organizations Need an Artificial Intelligence Strategy. The conversation about artificial intelligence (AI) is growing and organizations need to think about when and how they want to use this powerful tool. One of the most talked about ways of using AI is with our workforce.

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Building the Skill-Based Organization

HR Digest

In today’s fast-paced and dynamic business environment , organizations must continually adapt to remain competitive. One crucial factor for success is building a skill-based organization that prioritizes skill-based hiring and retention strategies. A skill-based organization is one where the employees possess the necessary skills to perform their tasks effectively and efficiently.

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Time to rethink company swag: 40% of corporate gifts end up in landfills

Employee Benefit News

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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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IRS Issues Warning About Tax Fraud Schemes Involving Form W-2

PayrollOrg

The IRS issued a consumer alert that employers can pass on to their employees to help them be aware of tax scams involving Form W-2.

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Best Global Benefits Services

HR Lineup

Employment is a significant part of our lives, and it comes with various benefits and perks. One of these benefits is the provision of employee benefits. Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. The provision of these benefits can significantly impact employee satisfaction, motivation, and retention.

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Highlights From a Conference on Retirement Savings

Money Talk

At the 2022 Retirement Summit sponsored by the Employee Benefit Research Institute (EBRI), there were four main topics: improving individuals’ access to retirement savings plans, reducing plan leakage (i.e., when workers take a pre-retirement distribution), helping people spend down their assets in retirement, and improving investment outcomes for American workers within the retirement system.

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Freepik takes flexible approach to supporting working parents in Spain

Employee Benefits

European technology firm Freepik, which specialises in producing and distributing graphic and audio-visual resources, offers all of its employees with dependent children total flexibility with their time to balance childcare responsibilities with their work. The firm, which has 568 employees located across Spain, UK, Denmark and Colombia, reviews this on a quarterly basis to ensure the support remains relevant and useful.

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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.