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Employee benefits management has become increasingly complex in recent years, with professionals needing to navigate health plans, retirement packages, wellness programs, and various compliance regulations. To stand out in this competitive field, obtaining a certification in employee benefits can greatly enhance your knowledge, skill set, and marketability.
If you’re leading an organization that employs human beings, their wellbeing must be a primary consideration of your company. This is because the people who work for your company are people – and that’s really enough of a reason on its own. And everyone wants to feel like they’re important to the people they’re around each day, beyond their functional role at work.
Understanding the different types of employee engagement is essential for creating a workforce that’s not just content, but motivated and driven to excel. It’s about tapping into the deeper connections employees have with their work, which fuels productivity, innovation, and long-term loyalty. When companies truly grasp how engagement takes shape, they can better navigate challenges, seize growth opportunities, and build teams that thrive under any conditions.
Leaving the restrictive shackles of hustle culture behind, Gen Z workers are choosing to take the time they need for their personal well-being, regardless of whether they have permission to do it. If there is one thing this generation of workers understands, it’s carving out their own approach to a problem. According to a recent survey on workplace culture, Gen Z workers are more likely to turn to the “quiet vacationing” trend and take some unofficial time off for their mental well-being c
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?
Change is an inevitable part of doing business. Among these changes that businesses undoubtedly will encounter at some point is the need to efficiently and quickly scale up. On one hand, this is a great position to be in. It usually means things are going well in that the market is favorable, your product or service is proven, customers are happy and demand is high!
There’s no doubt that today’s workforce is rapidly changing, as millennial and Gen Z employees continue to transform the modern workplace. This new, multi-generational labor pool has ushered in a new set of expectations that employers can’t afford to ignore. Companies across industries are to take a long, hard look at how they approach complex topics, including diversity, equity, and inclusion.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
There’s no doubt that today’s workforce is rapidly changing, as millennial and Gen Z employees continue to transform the modern workplace. This new, multi-generational labor pool has ushered in a new set of expectations that employers can’t afford to ignore. Companies across industries are to take a long, hard look at how they approach complex topics, including diversity, equity, and inclusion.
Headcount reporting is a critical aspect of workforce management that helps organizations maintain a clear understanding of their staffing levels and resource allocation. It provides a comprehensive view of the number of employees within a company, segmented by various categories such as department, job function, location, and employment status. This data enables employers to make strategic decisions around hiring, budgeting, and workforce planning.
On October 10, the Social Security Administration announced that the 2025 social security wage base will be $176,100, an increase of $7,500 from $168,600 in 2024.
In today's competitive labor market, employee benefits are more important than ever. According to our 2024 Employee Benefits Survey , 81% of employees consider an employer’s benefits package as an important factor in whether they accept a job. Health insurance consistently ranks as the top benefit employers can offer. It supports employee health and also plays a key role in their financial security.
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.
HSAs. FSAs. LSAs. If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” In the second blog post in our three-part series to educate first-time participants, we walk through a few factors you should consider when choosing among employee benefits accounts for the first time.
A conflict between two employees can feel like a minor hiccup at first, but you might blink and find your entire workforce suddenly polarized, having taken sides on which employee’s perspectives they support. In the midst of this chaos, the leader’s conflict management skills come into play, with all eyes on how they manage to diffuse the situation and help things die down.
As businesses strive to foster inclusive workplaces, the importance of pay equity has become a critical factor. Pay equity software helps organizations identify and address pay gaps by providing analytical insights into compensation trends, disparities, and biases. This article highlights the top pay equity software in 2024, providing a detailed overview of their key features and the specific needs each addresses.
The IRS released cost-of-living-adjustments for 2025 reflecting any increases in excludable transportation fringes and the flexible spending arrangement deferral limit, among other changes.
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.
As healthcare costs continue to rise , more employers are seeking cost-effective ways to maintain competitive health benefits. Traditional group health policies are becoming increasingly unaffordable, especially for small businesses. In fact, small employers anticipate a 9% increase in health benefit costs going into 2025 1. Thankfully, there’s an alternative: the qualified small employer health reimbursement arrangement (QSEHRA).
International Foundation of Employee Benefit Plans
OCTOBER 31, 2024
The 2024 edition of the International Foundation’s Employee Benefits Survey addresses many topics that organizations struggle with to keep benefit cost down for their employees. This includes health care plans and prescription drugs. Prior research conducted in 2024 by the International Foundation […] The post Saving Money on Employee Benefits is Not as Scary as You Think appeared first on Word on Benefits.
It’s a good day to be a Hobby Lobby employee and wake up to the news of another wage hike. The arts and crafts supply store recently announced that it has increased the starting wages for its employees again, making this the thirteenth increment since 2009. Hobby Lobby’s 2024 pay hike went into effect on October 1, 2024, so employees who apply to the company now should be able to benefit from the change.
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.
In the ever-evolving world of business, compensation professionals play a crucial role in ensuring employees are fairly and competitively rewarded. A well-structured compensation strategy enhances employee satisfaction and drives business success. Whether you’re a seasoned HR professional or looking to break into this field, upskilling through certifications and specialized courses is essential.
Dayforce, in partnership with PayrollOrg, conducted the “Payroll Complexity Survey” to find out how the payroll complexity crisis is impacting today's payroll professionals.
Middle class families — those with incomes of between roughly $50,000 and $100,000 per year — are becoming increasingly reliant on workplace benefits to ensure their financial well-being in case of a disability or critical illness. Simple health insurance is insufficient to carry the load. The loss of a breadwinner’s or caregiver’s financial contribution through death or disability is often devastating.
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.
International Foundation of Employee Benefit Plans
OCTOBER 17, 2024
Caregiving is not merely a personal responsibility; it is an essential societal function. Research has found that 73% of all employees1 have some current caregiving responsibility—whether caring for aging parents, supporting a loved one through illness or raising a child—requiring them to […] The post The New Caregiver Benefits: Precision Support Through Expanded Understanding appeared first on Word on Benefits.
Workers are taking the matter of their pay and benefits into their own hands once more at CVS. Late last week, CVS workers in California went on strike after they claimed that the company was involved in bad-faith bargaining. The strike was authorized by the union representing the workers in the area, namely the United Food and Commercial Workers union.
Human Resource (HR) services have become a critical component of business success, particularly in a globalized economy. With the increasing complexity of workforce management, HR service providers offer a wide range of solutions to help businesses attract, retain, and manage talent effectively. From recruitment and payroll processing to compliance and performance management , these HR service providers are integral to the smooth functioning of organizations worldwide.
In this November 2024 issue of Compliance TV: IRS announces 2025 COLAs for transportation fringes, FSA deferrals; Social Security wage base increases to $176,100 for 2025; and more.
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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