Employee Benefit News

JUNE 4, 2024

A benefits expert shares multiple ways employers can help workers afford good housing options.

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Achievers

JUNE 21, 2024

Retaining top talent is a challenge for many organizations. So, how do you solve this at your company? A good place to start is with management. With 65% of employees considering leaving their jobs in 2024 alone , only 8% cite their relationship with their manager as the primary reason for staying with a company. This shows there’s ample room for improvement in manager-employee relations across the board.

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Workplace Insight

JUNE 30, 2024

New research from Trainline claims the number of UK “supercommuters” using rail to travel longer distances to work has doubled since Covid. Almost half (47 percent) of current supercommuters surveyed made the lifestyle change either during or post-pandemic, and over four in five (84 percent) of these new supercommuters say hybrid working has enabled this switch in their commuting habits.

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CorpStrat

JUNE 24, 2024

Are your Employee Benefits bundled with one of the big payroll companies like Paychex, Gusto, ADP, or Zenefits? If so, there’s a good chance you’re not getting the service you deserve. These giants often push businesses into rolling their employee benefits with them, banking on the fact that most people aren’t fully aware of what they need or deserve.

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Speaker: Radhika Samant and Adri Glover

The world of work has fundamentally changed. The series of waves that the pandemic began have rippled through the Great Resignation, quiet quitting, the Great Regret, and other eloquent phrases that boil down to the same thing: people aren’t engaged at work or enabled to perform at their best. The truth is that engagement and enablement is more important than ever, but how we do it is the critical differentiator for many organizations.

Management

Money Talk

JUNE 5, 2024

I recently attended a webinar about women’s finances presented by the FINRA Investor Education Foundation in cooperation with the New York Public Library. The webinar began with a justification for focusing on financial planning for women. Among the statistics that were presented from various studies are the following: ¨ 37% of women have high financial knowledge (vs. 57% of men) ¨ 59% of women feel anxious about their finances (vs. 52% of men) ¨ 48% of women (vs. 40% of men) find it very or som

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PayrollOrg

JUNE 24, 2024

Employers should check the FLSA salary levels for their exempt employees before July 1 to ensure they comply with the new thresholds.

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Achievers

JUNE 11, 2024

Resilience in the workplace is more crucial than ever in the new normal of remote work and rapid industry shifts. Resilience enables both organizations and individuals to recover from setbacks and overcome major challenges. But fostering resilience is about more than helping employees deal with problems as they arise — it’s about encouraging an attitude of adaptability and setting team members up for long-term success.

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Workplace Insight

JUNE 17, 2024

A new poll claims that the vast majority of workers who have shifted to a hybrid working model say that it has helped them to greatly reduce burnout in their working lives. The survey of more than 1,000 people, undertaken by hybrid working firm International Workplace Group , suggests that three quarters (75 percent) reported a dramatic reduction in burnout symptoms, defined as a syndrome resulting from chronic workplaces stress, since moving to a hybrid model.

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Employee Benefits

JUNE 21, 2024

More than four-fifths (83%) of employees think their workplace should have a menstruation -friendly policy, according to research by Henpicked: Menstruation Friendly. Its Breaking the cycle survey, which was carried out in partnership with FitrWoman and polled more than 750 employers and employees, also found that 54% of employers said that understanding its necessity is the biggest barrier to adopting a menstruation-friendly policy, while 33% said a lack of resources and expertise are preventin

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Advertiser: Paycor

Diversity and inclusion are crucial for building a strong and innovative workforce. Discover how AI technology can revolutionize your hiring process and drive diversity in your organization. Explore over 10 ways AI recruiting tools can help you identify a wider pool of candidates, enhance communication strategies, and eliminate unconscious bias. Embrace the future of recruitment and create a more diverse and inclusive workplace with AI technology.

Technology

Money Talk

JUNE 20, 2024

Many people live decades of adult life before they ever see an attorney. Perhaps they procrastinate on estate planning, never get divorced or adopt a child, never serve as someone’s executor, never start a business, never face criminal charges, and never suffer a personal injury. Also, in many states, people use title companies, instead of lawyers, to conduct real estate closing transactions.

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HR Bartender

JUNE 30, 2024

Estimated reading time: 3 minutes I was chatting with some human resources professionals recently and the subject shifted to artificial intelligence (AI). We started talking about the different things that we were using AI for like job description updates and revising company policies. Someone in the group mentioned that it was important to be curious with artificial intelligence and test the ways that AI can help us.

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HR Digest

JUNE 18, 2024

U.S. banking behemoth Wells Fargo recently fired employees for faking keyboard activity to create the illusion of working without actively being at their desks. The staff members were fired for “mouse jiggling,” which refers to the use of technology to imitate activity that keeps the computer alert by mimicking a human presence. This ensures that any employee monitoring software does not pick up the fact that the employee is not actively using their device.

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Achievers

JUNE 20, 2024

How successful is your current HR strategy? The role of the HR department has evolved over the years, transitioning from the traditional “hire and fire” arm of the business to a strategic position. Today, HR departments are not only responsible for recruiting new talent and onboarding employees , but also establishing a positive workplace culture and environment.

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Speaker: Andrea Wuchiski

In an era where a workforce spans multiple generations, HR managers and Total Rewards leaders face the unique challenge of designing benefits packages that cater to diverse employee needs. This session will delve into how comprehensive fertility benefits can bridge generational gaps, support employees’ health, and enhance workplace satisfaction. Join us for an insightful session that highlights the strategic importance of fertility benefits in today’s competitive job market.

Benefits Package

Workplace Insight

JUNE 26, 2024

Demand for flexible working options surged during the pandemic but has since become less important to people, according to ADP Research Institute’s People at Work 2024: A Global Workforce View [registration]. Overall, the survey of nearly 35,000 people in 18 countries suggests flexible working hours are important to 25 percent of workers, while 15 percent value flexible locations.

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Employee Benefits

JUNE 24, 2024

Take part in our latest readers’ poll on a current topical issue. Earlier this month, Employee Benefits reported that 79% of employers provide an employee assistance programme (EAP), according to research by HCML. The rehabilitation and case management provider also found that only 27% of employees realise that an EAP exists in their workplace. In light of this, how high is your employee take-up of your employee assistance programme?

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International Foundation of Employee Benefit Plans

JUNE 26, 2024

In June 2023, the labor force participation rate for women in their prime working age (ages 25-54 according to the data) reached an all-time high of 77.8%. Crafting benefits and a supportive work environment for women at every life stage can help create […] The post Spotlight On: Women’s Health in the Workplace appeared first on Word on Benefits.

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HR Bartender

JUNE 6, 2024

Estimated reading time: 6 minutes I’ve been seeing a few questions lately on social media about how to learn public speaking. Many people are suggesting Toastmasters, which is great. For those who aren’t interested in joining Toastmasters, I wanted to also add a few thoughts. I feel very fortunate that I learned about public speaking early in my professional career.

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About 40% of us will be diagnosed with cancer in our lifetime, and patients are getting younger. At the same time, the cost of treatment continues to rise, with employers spending 8.5% more on cancer care for each employee than they did last year. The best thing employers can do for their employees and business tomorrow is to invest in cancer detection and care today.

Employment

HR Digest

JUNE 22, 2024

As we debate the benefits of switching to a three-day or four-day workweek , Greece is adopting a six-day workweek to deal with the economic pressure that has been mounting in the country. Greece’s new workweek policy will allow employees to work six days a week with flexible working hours, opening up the option to work thirteen-hour days if they wish.

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Achievers

JUNE 2, 2024

Effective employee management ensures that day-to-day operations run smoothly while keeping workers engaged and productive. Great managers know how to identify and nurture the strengths of their team members, coaching them up and providing opportunities for professional development. But when leaders instead micromanage and undervalue employees, dissatisfaction, high turnover rates, low performance is the norm.

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Management Employee Recognition Construction Employee Retention 193

Workplace Insight

JUNE 13, 2024

I keep hearing that Generative AI will unleash human creativity. Based on the contents of my inbox, I can tell you that is not yet the case. It is increasingly full of GenAI generated press releases and comment pieces that consist of a small amount of gibberish, a larger quantity of stuff that reads likes it’s been written by a non-native speaker, and an even larger amount of bland, clichéd C0nTeNt.

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Employee Benefits

JUNE 24, 2024

Three-fifths (59%) of employees ranked financial wellbeing as the area where they want the most support from their employer over the next three years, according to a new survey by Willis Towers Watson (WTW). The global advisory, broking and solutions firm surveyed 6,000 UK employees at medium and large private sector employers for its 2024 Global benefits attitudes survey.

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McDermott Will & Emery Employee Benefits

JUNE 20, 2024

A nonqualified deferred compensation (NQDC) plan is a powerful employee benefits tool. However, NQDC plans can create complications for plan administrators and participants. In this PLANADVISER article, Brian Tiemann and Lisa Loesel highlight several potential NQDC plan pitfalls and offer strategies to mitigate these hazards. Access the article. The post NQDC Complications and Best Practices appeared first on EMPLOYEE BENEFITS BLOG.

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BetterUp

JUNE 7, 2024

Burnout is a relatively new term for a relatively common experience. Coined in 1974 by psychologist Herbert Freudenberger , it’s more than just feeling a little “stressed out.” Left unchecked, burnout can show up as physical, mental, and emotional illness — and can have some pretty devastating impacts down the road. But what is burnout, what causes it, and how can you deal with it?

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PeopleKeep

JUNE 20, 2024

Employees are an employer's greatest asset. Organizations spend considerable time and effort recruiting and retaining the best employees to ensure their business flourishes. That’s why it’s essential to have the right systems and teams in place to manage your employees properly and keep them engaged. Human resource management (HRM) involves overseeing various organizational tasks like employee recruiting, payroll, and compliance.

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Achievers

JUNE 12, 2024

Without the best talent in your industry, your organization will be stuck playing catch up while its competitors leverage their advantage in manpower and brainpower. Even if your company has developed a great employer brand that helps it attract top-notch employees, it won’t be able to leverage their abilities for long without a high employee retention rate.

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The first report from Gallagher’s 2024 US Workforce Trends Report Series, includes data from 3,500+ employers who participated in the 2024 US Benefits Strategy & Benchmarking Survey. The report provides benchmarks for benefits, HR and people strategies to help organizations thrive. Organizations continue to rank retention as the top priority for HR, and second highest for operations.

Employment