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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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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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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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.

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Why Organizations Need an Artificial Intelligence Policy [Part 1]

HR Bartender

Estimated reading time: 8 minutes Given some of artificial intelligence’s (AI) challenges right now, it might be tempting to say that AI isn’t the panacea that everyone expected it to be. Personally, I think we’re still very early in the AI adoption curve, so organizations need to continue to pay attention to what’s developing and conduct experiments to see how it works.

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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.

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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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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.

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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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Planning Ahead for Widowhood: Changed Income and Expenses

Money Talk

I live in an age 55+ community in Florida and have observed conversations among residents (primarily women) who are mentally preparing for widowhood. They know the statistics about women outliving men and have done the math. This is especially true for those who are younger and have better health habits than their husbands. A few have plainly stated “as soon as he dies, I’m outta here,” to reduce expenses or to live closer to family or in a lifecare community or assisted living facility.

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10 Best Staffing Agency Software for Recruitment Firms in 2024

HR Lineup

The recruitment landscape has dramatically evolved in recent years, driven by technological advancements, changing workforce demands, and the rise of remote work. Staffing agencies now rely on sophisticated software solutions to streamline their operations, find top talent, and stay ahead of competitors. In 2024, the best staffing agency software provides robust features such as applicant tracking, automated job postings, AI-powered candidate matching , and comprehensive reporting tools.

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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.

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HR’s Blueprint for a Successful 2025

The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.

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Digital transformation efforts yet to translate into greater productivity at many firms

Workplace Insight

British and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024 , but this hasn’t yet translated into improved productivity or digital maturity. The poll of 600 decision makers in the UK and Ireland, now in its second year, reveals what it claims is a ‘stark productivity and efficiency paradox’ for employers, as well as a Catch-22 for workers.

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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.

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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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Five Years of 55+ Community Living: Six Barbservations

Money Talk

In 2019, my husband and I purchased a brand new home in an age 55+ community located in Ocala, Florida. With five years of experience living here, now is a good time to reflect on this experience. Below are some insights for others who might be considering a similar move: HOA Living- Our homeowners’ association (HOA) fee includes two community clubhouses; amenities (e.g., spa, pool, bocce and pickleball courts), landscaping, and a lifestyle office that organizes dozens of monthly events for resi

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7 HR Priorities for 2025 to Supercharge Your Employee Experience

Speaker: Carolyn Clark and Miriam Connaughton

Forget predictions, let’s focus on priorities for the year and explore how to supercharge your employee experience. Join Miriam Connaughton and Carolyn Clark as they discuss key HR trends for 2025—and how to turn them into actionable strategies for your organization. In this dynamic webinar, our esteemed speakers will share expert insights and practical tips to help your employee experience adapt and thrive.

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The Shift to Cashless Tips and What It Means for Workers

3Sixty Insights

Recently, I came across a feature that caught my attention—Dayforce’s new cashless tip functionality, which is integrated into their Dayforce Wallet. In a world that’s rapidly moving toward cashless transactions, the tradition of cash tips is starting to fade. This change is significant, especially for tipped workers who have historically relied on cash for immediate, untaxed earnings.

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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.

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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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25 companies with the most remote job openings

Employee Benefit News

Looking for a job that lets you work remotely? Check out these employers for flexible opportunities.

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We’re Here to Help! How to Navigate Your Top HR Priorities

Are you helping your people proactively plan for retirement? How are you prioritizing the mental health of your HR team? These are a few of the questions that HR professionals are seeking answers to today. Luckily, Gallagher’s consultants came together with four robust articles (and one infographic) that help address these pain points and provide you with proactive planning tips to help you simplify, personalize and create flexibility in your benefits offerings to help ensure your people thrive

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Global Workforce Cuts at Samsung to Slash Numbers by 30%

HR Digest

Samsung Electronics is looking at global workforce cuts adding to over 30% of its overseas staff. Despite the launch of multiple successful products over the last few years, the company has seen tough competition from outside and resistance from workers from the inside in recent months. Samsung’s workforce reduction plans for 2024 will affect employees in the Americas, Europe, Asia, Africa.

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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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Research Note: Enriching the Relationship: Insurance Brokers, Their Customers, and HCM Solution Vendors

3Sixty Insights

The Changing Landscape for Small Businesses The last few years have been some of the most tumultuous in living memory, especially for small businesses trying to navigate the effects of the pandemic and a rapidly changing workforce. Generational shifts, technology innovations, and legislative changes have put enormous pressure on business leaders to adapt and respond and much of that pressure has fallen to HR leaders to manage.

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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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4-Week Roadmap for New Hires

Nearly one-quarter of employees (23%) admit they’ve cried within the first week! Give new hires a positive start with this four-week onboarding roadmap. This schedule outlines all the turns, detours, and speedbumps new hires can expect in their first month. We’ve included suggestions for each week to help you make your new employees’ highway to success an easy road.