Homeowner assistance as an employee benefit
Employee Benefit News
JUNE 4, 2024
A benefits expert shares multiple ways employers can help workers afford good housing options.
Employee Benefit News
JUNE 4, 2024
A benefits expert shares multiple ways employers can help workers afford good housing options.
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.
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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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.
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
HR Bartender
JUNE 23, 2024
Estimated reading time: 4 minutes One of my first roles in HR involved technology. The company I worked for had their own proprietary human resources information system (HRIS). When system users (aka the HR team) had requests to change the system, they would send their suggestions / ideas to me. I would collect them and forward them to the technology department.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
3Sixty Insights
JUNE 3, 2024
Myths and Misconceptions of PEOs and How They Can Bring Value to Businesses Private equity (PE) firms are laser-focused on maximizing profits with time-to-value standing as a key marker for successful portfolio investments. PE firms seek to engage with businesses that will deliver the high potential, performance, and revenue they look for to bring value to their investments.
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.
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
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.
Speaker: Kaitlin Ruby Carroll
Fertility benefits have become a crucial component of employee well-being and retention strategies. In today’s competitive landscape, creating a fertility benefits program that aligns with both employee needs and organizational goals can be more complex than it seems. From cycle-based to flat-dollar and telehealth models, each solution offers unique advantages and challenges that directly affect employee satisfaction and financial well-being.
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.
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.
3Sixty Insights
JUNE 13, 2024
The Problem with Paper Many human resource (HR) departments still deal with the challenge of moving the day-to-day process for engaging employees off traditional and inefficient paper-based approaches to more modern, digital systems. HR, payroll, and benefits professionals often find themselves fighting tides of paperwork that not only slow them down but introduce expensive and difficult-to-remedy errors.
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.
Advertiser: Paycor
Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!
Employee Benefits
JUNE 13, 2024
Younger employees are increasingly likely to prioritise family planning in their financial goals, according to research by financial education platform provider Nudge. Its annual Global financial wellbeing report, which surveyed more than 11,500 employees globally, including 2,000 in the UK, also found that 66% of UK men aged 25-34 are setting financial goals to start their own family, compared to 62% of women.
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.
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.
McDermott Will & Emery Employee Benefits
JUNE 12, 2024
The state of Washington has placed additional restrictions on the use of noncompetition agreements. Readers may be familiar with the Federal Trade Commission’s latest noncompete rule, which goes into effect on September 4, 2024. While that federal regulation is currently being challenged in court, Washington’s rule has already gone into effect.
Speaker: Jeremy York
2024 has tested every organization, and 2025 promises no less - the warning signs are everywhere. If you’re relying on superficial approaches to diversity, you might find yourself scrambling to catch up. Thought diversity - the fuel for new ideas, fresh perspectives, and disruptive innovation - is more than a buzzword. It's a survival strategy. And if you’re not building it into your workplace culture right now , you’re heading for trouble.
3Sixty Insights
JUNE 20, 2024
Finding and keeping the best team is a constant challenge for any business. Every business, regardless of size, location, or industry is fundamentally defined by the people that work there. Every business is, at its heart, a people business. So, it’s not surprising that one of the biggest challenges any business faces is to ensure that they can recruit, develop, and retain the best employees.
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.
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?
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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Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.
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.
McDermott Will & Emery Employee Benefits
JUNE 13, 2024
May 11, 2024, marked one year since the end of the COVID-19 public health emergency (PHE), and not much has changed in Medicare telehealth policy. We are still operating under temporary waivers and flexibilities and, as a result, many pandemic-era virtual care policies are facing a cliff on December 31, 2024. This looms large during […] The post Exploring the Virtual Care Policy Landscape One Year Post-PHE appeared first on EMPLOYEE BENEFITS BLOG.
3Sixty Insights
JUNE 5, 2024
What You Need to Know Location-based salaries have become a contentious topic recently as the global COVID-19 pandemic precipitated mass relocations. However, for human resources (HR) professionals, there is more to this topic than pay equity and differing costs of living. The compliance story becomes exponentially more complicated when varying locations are involved.
Workplace Insight
JUNE 6, 2024
The latest Workforce Index from Slack claims there has been a significant rise in AI usage in UK workplaces. Since September 2023, there’s been a 66 percent increase, with an additional 18 percent jump since the beginning of 2024. This trend reflects growing enthusiasm among employees about the technology, with 44 percent of office workers saying they are ‘enthusiastic ‘about using workplace AI in their daily tasks.
Speaker: Radhika Samant and Todd Wuestenberg
Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.
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.
Best Money Moves
JUNE 25, 2024
Financial stress in 2024: Revealing insights about Americans and Money. Financial stress is still a major struggle for employees across all industries. Here are the top statistics updated for 2024. Once again, employee financial stress is on the rise as Americans grapple with higher prices, uneven wage growth and record-high credit card debt. Globally, extremely high inflation has pushed food, fuel and housing costs higher.
HR Digest
JUNE 26, 2024
We’re now getting a closer look at how artificial intelligence is permeating into the workplace setting with news of Target’s generative AI endeavors to support store workers. Target’s AI chatbot, the Store Companion, is scheduled to benefit thousands of the company’s workers, arriving across 2,000 stores in the region by August. The chatbot is designed to help workers navigate their jobs more easily, allowing them to seek answers to questions about processes that are relevant to their work.
McDermott Will & Emery Employee Benefits
JUNE 17, 2024
In this webinar recorded for the National Center for Employee Ownership (NCEO), Ted Becker and Julian André discuss the changing landscape of employee stock ownership plan (ESOP) litigation. The program covers trends in recent significant court decisions relating to ESOPs as well as the latest theories advanced by plaintiff’s counsel and the US Department of […] The post The Changing Landscape of ESOP Litigation appeared first on EMPLOYEE BENEFITS BLOG.
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Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
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