September, 2024

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Employers are Firing Gen Z Graduates and Don’t Plan on Hiring More

HR Digest

Companies are hiring and firing Gen Z graduates faster than ever, creating a very miserable work experience for everyone involved. The rapid firing of Gen Z in multiple companies is not surprising as employers have spent the last few years complaining about how this particular group of employees is hard to work with, but the scale at which this is occurring does not set a good precedent for the future of work.

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The Essential Guide to Streamlined Employee Compensation Management

Qandle

Managing employee compensation is one of the most critical aspects of Human Resource Management (HRM). It’s not just about paying salaries; it involves understanding the complexities of compensation structures, ensuring compliance with legal standards, and providing fair and motivating rewards to employees. However, compensation management can be an overwhelming process if not handled properly.

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Understanding Gamification (The Key to Better Benefits)

Best Money Moves

Understanding Gamification (The Key to Better Benefits). Gamification is a powerful tool for motivating employees at work. Learn how gamification strategies can improve performance and encourage benefits usage. Gamification is a powerful tool for motivating employees at work and a valuable addition to financial wellness benefits. These strategies educate employees while encouraging them to set and meet their financial goals in engaging ways.

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3 leaders share their favorite parental benefits during the back to school season

Employee Benefit News

Flexibility and child care assistance topped everyone's list of the ways to help employees manage their professional and parenting obligations.

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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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49% of workers aged 50 and older are phasing into retirement

Employee Benefits

More than half (55%) of employees said a retirement plan is more important than ever as 49% of workers aged 50 and older have already started phasing into retirement, according to research by global advisory and broking firm Willis Towers Watson (WTW). Its 2024 Global benefits attitudes survey, which surveyed 6,000 UK employees working at medium and large private sector employers, also found that 17% of respondents in this age group have either already started phasing into retirement by reducin

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Understanding employee turnover rates

Achievers

Employee turnover rates are a crucial metric for organizations to monitor, as they show how frequently employees leave the company. Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response. In this article, you’ll learn the common reasons for high employee turnover, how to develop an effective formula to measure it, and actionable strategies to mitigate it.

Retail 172
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Earning Your Payroll Certification Is a Journey Worth Taking

PayrollOrg

The Fundamental Payroll Certification (FPC) or Certified Payroll Professional (CPP) designation is more than just a credential—it's a badge of expertise, a commitment to your career, and a key to unlocking new opportunities.

Payroll 439
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The Employee Healthcare Crisis: This is How To Help

Best Money Moves

Employees Face a Healthcare Crisis. Here’s How You Can Help. Employees are experiencing a healthcare crisis due to financial concerns. These are the best strategies employers can use to help. American families are in the midst of a healthcare crisis and employer-sponsored health insurance can’t keep up. Even with support from employee health insurance programs, millions of American families cannot afford the full care they need.

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MomsRising is showing their support for 2024 election candidates

Employee Benefit News

The social welfare and advocacy group is endorsing more than 70 candidates across state, House and Senate races.

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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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HR as the key to unlocking business success

Insperity

The days of thinking about human resources (HR) as merely a supportive, administrative function – say, passively managing employee documentation, overseeing timekeeping and administering payroll – are long over. Increasingly, leaders are recognizing the broader value of HR as a strategic partner and the critical importance of HR in overall business success.

Health 104
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How to Scale Hiring for an Early-Stage Startup?

HR Lineup

Scaling a startup is a challenging but exciting process, where founders and early team members need to transition from wearing multiple hats to building specialized roles that will allow the business to grow. One of the key factors in this transition is hiring. For an early-stage startup, scaling hiring can be a daunting task that requires balancing speed, cost, quality of candidates, and cultural fit.

Health 245
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Take-Aways From a Back-to-School Virtual Conference

Money Talk

Each year in August, Next Gen Personal Finance holds an all-day Back-to-School Virtual Conference for financial educators. I recently attended part of this program to learn about topics related to my work for clients. I firmly believe that, when you are well versed on current events, you enhance your credibility with clients and students. Below are six of my content take-aways: Generative AI Prompts - Users need to “poke and prod” prompts for generative AI programs (e.g., ChatGPT, Bing, and Gemi

Finance 296
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Four Indiana Counties Have Income Tax Rate Changes Effective October 1

PayrollOrg

Indiana Department of Revenue revised Departmental Notice No. 1 effective October 1, 2024. Four counties have income tax rate changes.

Taxes 295
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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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Together Is Better—8 Quick Tips on Addressing Workplace Isolation

HR Digest

The complex ups and downs of the work environment today have made the mission of addressing workplace isolation a high-priority task. Employees spend a large majority of their time within the workspace and having a healthy work life is critical to their overall well-being. The overwhelming presence of work leaves little time for socialization, so even if employees try coping with work isolation by managing their lives outside, it can be extremely difficult.

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Cultural understanding unlocks engagement of Hispanic workforces

Employee Benefit News

Creating a work environment that makes this growing segment of the U.S. labor force feel valued and included will help lower turnover and burnish workplace culture.

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Employee Engagement Calendar: Your Year-Round Roadmap for 2024-25

Vantage Circle

Employee engagement has become the cornerstone of a thriving work culture. But achieving it is not easy. It requires the right strategies and a positive approach. Fostering an environment where employees are engaged, you must be aware of engagement events throughout the calendar year. To help you with that, we have created an employee engagement calendar highlighting the critical dates that you can celebrate in your workplace.

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What is Diverse Slate Hiring in HR? A Complete Guide

HR Lineup

In today’s fast-paced and increasingly globalized world, diversity in the workplace has emerged as one of the most important drivers of innovation, employee engagement, and company growth. Companies now realize that cultivating a diverse workforce can lead to better problem-solving, improved decision-making, and enhanced company performance. One powerful strategy to achieve diversity in hiring is the “Diverse Slate Hiring” model.

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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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7 Keys to improve your hiring process.

Professionals Alternative

Companies can use their business brand to communicate to customers through their managers, especially when the brand presence is worldwide. The principal motive to have an employer brand is to differentiate you… “The main goal of working, nurturing and growing your business brand is to define what makes you unique” A strong business brand shows employees are happy and connected, which results in a great holistic experience and a great reputation.

Media 104
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ACA Affordability Percentage Increases to 9.02% for 2025

PayrollOrg

The IRS released its annual inflation adjustment to the percentage of household income used to determine whether an employer’s offer of health care coverage under the Affordable Care Act (ACA) is affordable.

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Aldi Makes Big Moves—Wages Increase, Hiring Surges

HR Digest

Most businesses are currently looking at layoffs and hiring freezes but grocery chain Aldi has announced a wage increase for workers along with plans to hire in large numbers. Aldi’s hiring surge will see the creation of 13,000 new jobs in addition to the 49,000 people it already employs. According to the company announcement, the organization is preparing for the upcoming holiday seasons and adding new stores across the U.S.

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Stay on task with these 5 productivity tips

Employee Benefit News

On average, one hour and 18 minutes each day is lost to distractions — that's 340 hours annually.

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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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Vision expenses piling up? Use your HSA or FSA

WEX Inc.

Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. Let’s explore a few common vision-related questions as it relates to your HSA or medical FSA.

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HRIS vs. ATS: Which HR Tool Best Fits Your Business Hiring Needs?

HR Lineup

When it comes to managing human resources in today’s fast-paced business environment, organizations rely on specialized tools to streamline processes and improve efficiency. Two of the most common software solutions in this domain are the Human Resource Information System (HRIS) and Applicant Tracking System (ATS). Although these platforms serve different primary purposes, they often overlap, leading to confusion about which one is more suitable for a company’s hiring needs.

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What (Most) Decision-Support Tools Get Wrong

Flimp Communications

The number of benefits decision-support tools available to HR teams has multiplied considerably over the past few years. It shouldn’t be surprising. As benefits — particularly healthcare plans — become more complex, and employees have less and less time to consider their options, the market demands solutions that simplify and streamline the benefits enrollment process while guiding employees toward satisfying, cost-effective selections.

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Redefining employee experience: What’s changed and why it matters

Insperity

Employee experience may sometimes feel like a buzz word to describe a never-attainable target of an ideal workspace where employees are happy, nurtured, fulfilled and productive 100% of the time. That sounds amazing, but it doesn’t really reflect the reality of focusing on employee experience or, more specifically, the evolution of employee experience and how to make strategic changes to nurture your workforce and move engagement – and ultimately your bottom line – in a positive direction.

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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.