December, 2023

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2024 Employee Benefits Trends: Focus on Employee Wellbeing

Best Money Moves

2024 Employee benefits trends: Focus on employee wellbeing. The right benefits strategy is key to employee satisfaction. Here are the top 2024 employee benefits trends. Employee benefits are a driving force keeping your workforce satisfied. A study from the Society for HR Management found that the quality of employee benefits was likely linked to happiness at work.

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IRS Proposes 401(k) Plan Regulations Implementing Long-Term Part-Time Employee Eligibility Requirements

Proskauer's Employee Benefits & Executive Compensa

The day after Thanksgiving, while many of us were fortunate enough to be reaching for leftover pie, the IRS released proposed regulations implementing the requirement that 401(k) plan sponsors permit “long-term part-time employees” to make elective contributions to a 401(k) plan. These proposed regulations arrive just one month before the statutory requirements are set to take effect in 2024—meaning that plan sponsors need to quickly get familiar with the proposed rules.

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What Are Excepted Benefits, and Should You Offer Them to Employees?

Patriot Software

Navigating through the waters of health insurance coverage is tricky. You might be wondering, Do employers have to offer health insurance? Although the Affordable Care Act (ACA) requires employers with 50 or more full-time equivalent employees to provide health insurance, no employer has to offer excepted benefits. But, many employers do offer excepted benefits.

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Employee wellbeing: How to keep employees happy and healthy 

Achievers

A healthy workforce is a prerequisite for sustained success in any industry, but the new normal has led to a wide range of challenges to employee wellbeing. The transition from traditional office setups to remote and hybrid work models has further blurred the lines between professional and personal life, made employees more susceptible to burnout, and increased team members’ sense of isolation.

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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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The Proposed MHPAEA Regulations: Comments on Behavioral Health Carve-Out Vendors

McDermott Will & Emery Employee Benefits

This post continues our focus on comment letters submitted in response to proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The proposed regulations were issued earlier this year by the US Departments of Labor, Health and Human Services and the Treasury (the Departments). Our previous MHPAEA content is available here.

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Artificial Intelligence: What HR Pros Can Do to Prepare For the Future

HR Bartender

Estimated reading time: 8 minutes Not a day goes by without some news about artificial intelligence (AI). The latest being the ouster – and return – of OpenAI CEO Sam Altman. The world of AI is exciting, dynamic, and full of potential. Just like human resources. Artificial intelligence is changing our jobs and the HR function. Regardless of where you and your organization are regarding AI adoption, it’s important to stay on top of the latest developments.

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Google to Fire 30,000 Employees After Success of Its AI-Powered Services

HR Digest

Google is setting up to fire employees all over again, despite the 12,000 workers who were laid off this year already. The reason? According to LiveMint , a report first published in The Information indicates that Google’s AI-powered ads have grown so self-sufficient that they no longer require as many individuals to oversee its functioning, making Google lay off employees who no longer have a necessary role at the company.

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The Outsized Impact of Employee Ownership on Company Culture

TalentCulture - Employee Benefits

There’s nothing like having skin in the game to keep you focused, motivated, and engaged. Just ask any business owner. This logic extends to employees, as well. As an increasing number of companies are discovering, an employee ownership structure is a highly effective way to foster a culture of engagement and accountability. Including employees at […] The post The Outsized Impact of Employee Ownership on Company Culture appeared first on TalentCulture.

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SAP Blog – SAP SuccessFactors Employee Central Payroll Expands Globally Adding its 50th Country Calc Engine for Greece

3Sixty Insights

SAP SuccessFactors Employee Central Payroll Expands Globally Adding its 50th Country Calc Engine for Greece This year, I’ve dedicated more time to working closely with buyers and vendors from across the HR technology and services marketplace to understand regulatory trends and challenges and learn more about the modern solutions shaping how compliance is managed across the HR spectrum.

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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.

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PWC introduces neurodiversity training programme

Employee Benefits

Professional services firm PricewaterhouseCoopers (PWC) has rolled out a neurodiversity interactive learning programme to all of its 32,640 UK employees. Titled Great Minds (don’t think alike), the programme explores the topic of neurodiversity and includes bite-sized resources, as well as stories and experiences from PWC employees. It has been designed to help build understanding of neurodiversity and what it means to be neurodivergent.

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My Key Take-Aways From The #AFCPE2023 Symposium

Money Talk

I recently attended the 2023 Association for Financial Counseling and Planning Education (AFCPE) Symposium along with over 600 financial educators, researchers, planners, counselors, and other practitioners. Below are six key take-aways: Climate and Finances - Financial impacts of climate change include the cost of property damage and infrastructure repairs (think floods, hurricanes, wildfires, and tornados), higher home energy spending (e.g., air conditioning due to more frequent heat waves), c

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Work On Your Personal Brand In 2024

HR Bartender

Estimated reading time: 4 minutes I mentioned a few months ago that I received a trial membership to MasterClass as part of changing my cellular phone plan. During the trial, I was able to listen to Neil Gaiman, Malala Yousafzai, Neil deGrasse Tyson, RuPaul, Bill Nye, and Dr. Terence Tao. And while I didn’t plan it this way, the last session I listened to about determining a personal brand really brought them all together.

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Flexible workplace provider creates ‘first ever’ metaverse office

Workplace Insight

The flexible workplace provider Clockwise has opened what the firm claims is the first office space in the metaverse, the Clockwise Campus. According to Microsoft, 51 percent of Gen Z expects to be working in the metaverse in some capacity by 2024. The firms say the space is heavily influenced by Clockwise’s physical offices and provides a digital platform for its members and the public to connect, collaborate and interact in various spaces including; meeting rooms, dedicated desks, breakout sp

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How to Make The Best Benefits Decisions for 2025's Workforce: An HR and Total Rewards Guide

Speaker: Kaitlin Ruby Carroll

Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha

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Growth for One, Growth for All: Exploring Employee Mentorship Programs

HR Digest

Employee mentorship programs can have a groundbreaking impact on an organization’s health but successful mentorship programs are often hard to come by. According to a Gartner and Capital Analytics study, more than 84 percent of Fortune 500 companies have some version of a mentorship program set in place to aid their employees’ growth. 100 percent of Fortune 50 companies believe in the power of mentorship.

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#HRTechChat: A Chat with Workforce Software on the Deskless Worker Experience

3Sixty Insights

This #HRTechChat between Workforce Software’s CMO Sandra Moran, and 3Sixty Insights’ Distinguished Advisor, Steve Goldberg, delves into many aspects of the employee experience for desk-less workers. Findings are shared from the WFM Tech vendor’s annual Global EX Study, and the two experts talk about implications as well as intersecting topics that would be of interest to most HR professionals and leaders.

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Half of HR teams to prioritise preparing for AI’s impact in 2024

Employee Benefits

More than half (55%) of HR teams say their top priority for 2024 will be preparing their organisation for the impact of artificial intelligence (AI) and automation, according to research by digital services and payments platform Edenred. Its annual People barometer 2023 also found that in 2024, 43% of respondents will prioritise support for employee wellbeing , followed by investment in employee engagement (36%).

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12 must-read HR books for business leaders and HR professionals

Business Management Daily

No matter how long you’ve been working in the HR industry, there’s always something new to learn — from classic HR strategies you haven’t heard of to brand-new labor laws and workforce trends. If you want to achieve thought leader status in human resource management, then continuing your education is a must, and there’s no better way than reading the best HR books — both old and new.

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Reduce Bias in Hiring: Structured Interview Questions for Employers

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!

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HR Professionals Need to Enter the Artificial Intelligence Conversation

HR Bartender

Estimated reading time: 4 minutes I learned a new term recently – p(doom). It stands for the “probability of doom” when it comes to artificial intelligence (AI) and a doomsday scenario. P(doom) is a scale that runs from 0 to 100. The higher you score yourself, the more convinced you are that AI is going to wipe out civilization. I first read about p(doom) in The New York Times newsletter DealBook where it reported that sharing your p(doom) score is becoming more mainstream and some people are ev

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A break in the workspace-time continuum

Workplace Insight

The fracturing of time and place underlies every one of the great workplace issues of our time. Everything that springs from this – the where, when, how, what and why of work – is defined by the shattering of any fixed idea we may once have had of a time and a place to work. Because the challenge to these traditional ideas is now so inextricably linked in our minds with new technology, we might often forget that people have been asking questions about how we can get the most out of each day for

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Mental health trends and predictions for 2024, according to Lyra

Employee Benefit News

Lyra Health's latest research reveals some important changes that can be made around employee expectations to improve mental health outcomes.

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Mercans Guest Blog Article: How AI is Transforming the Global Payroll Landscape

3Sixty Insights

The payroll function within an organization is now universally viewed as a critical HCM pillar, and not just operationally speaking (as was generally the case in past years) but from a strategic perspective as well. From the significant contribution payroll makes in serving-up the highest quality workforce data needed to power high-value analytics, labor cost planning and modeling, to ensuring the employee experience always includes quick and accurate responses to employee queries, payroll is fo

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The Diversity Reckoning: Can HR Survive Without New Perspectives?

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.

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66% of full-time UK staff think contributory pensions are important

Employee Benefits

Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man. Its 2023 Non-salary benefits global survey, which polled more than 2,000 full time UK and expat workers in Singapore, Hong Kong, the United Arab Emirates (UAE) and South Africa, also found that 57% of Hong Kong expatriate full-time employees and 36% of expatriate full-time United Arab Emirates (UAE) workers view contributory pensions as impor

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Apple Watch Sales Halt: What’s Behind It?

Wellable

Apple has halted sales of some Apple Watch models in the US due to a patent dispute with Masimo. Explore what’s behind this legal battle. The post Apple Watch Sales Halt: What’s Behind It? appeared first on Wellable.

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Change the Conversation: UKG HR and Payroll eSymposium

HR Bartender

Estimated reading time: 6 minutes (Editor’s Note: Today’s article is brought to you by our friends at UKG – Ultimate Kronos Group , a leading provider of HR, payroll, and workforce management solutions. The NelsonHall NEAT report recently named UKG a leader in the next generation HCM technology market. Congrats to them and enjoy the article!) Mark your calendars!

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Tailored workplace management for modern organisations

Workplace Insight

Workplace management used to be a secondary concern for organisations in the past, but it has now become a top priority. The COVID-19 pandemic has accelerated the process of digital transformation, leading to the implementation of new processes and technologies that focus on facilitating remote and at-home work. As a result of these changes, organisations have recognized the importance of finding a balance in their work environments.

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Testing Innovations in Cancer: How to evaluate and use new technologies

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.