January, 2022

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Financial and Lifestyle Insights- Part 2

Money Talk

In this post, I continue my discussion of tips from webinars, podcasts, and virtual conferences that I heard during the last quarter of 2021. Below are 13 of my key take-aways: Avoid Complacency - Take proactive steps to stay on top of your finances. One webinar speaker recommended checking your bank balance daily because daily swipes on a debit card add up and many people have no idea how much money they have at a particular point in time or how much they are spending on “small stuff.

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Return to In-Person Learning at Capital Summit

PayrollOrg

This year's Capital Summit will be held back in person in Washington, D.C., March 21-22. Register today!

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How Do You Optimize Your LinkedIn Profile – Ask HR Bartender

HR Bartender

Estimated reading time: 3 minutes. According to their website, LinkedIn has nearly 800 million members in more than 200 countries and territories worldwide. Their focus is to connect business professionals. Regardless if you’re looking for a new opportunity, you should have a profile on LinkedIn. That’s what today’s reader question is about. I’m currently pursuing positions in the technology industry as well as working on my online teaching business.

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As long as employers control employees’ healthcare, life-saving technologies will go underutilized

Joe Markland

A familiar mantra about why health insurance is so expensive is that the cost of healthcare is expensive. I have always disagreed with this statement. It is the third-party financing through employers that drives the underlying costs — not vice versa. Our current financing system provides inferior healthcare for many and inhibits adoption of new and emerging technologies.

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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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6 Creative Sourcing Techniques to Add to Your Recruiting Strategy in 2022

Hireology

You’ve posted your roles on more job boards. You have a referral program in place. You’ve updated your career site. It seems like you’ve done it all and you’re still struggling to bring in more applicants. If this sounds familiar, you’re not alone. 2021 was a really tough year for hiring, and 2022 is shaping up to be no different. . The good news is that there are job seekers out there (as evidenced by the growing workforce participation rate ).

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The ABCs of RMDs

Money Talk

One of the most daunting financial aspects of retirement, especially for people who have been diligent savers throughout their working years, is taking required minimum distributions (RMDs) from their tax-deferred retirement savings accounts beginning at age 72. RMDs can have a significant impact on a retiree’s income tax liability and lifestyle. New RMD tables went into effect in 2022, so this is a good time to discuss RMDs.

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Washington Governor Delays Long-Term Care Insurance Payroll Tax

PayrollOrg

The governor of Washington has announced a delay collecting the payroll tax associated with the Washington long-term care insurance program until April 2022.

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Do Workplace Wellness Programs Save Money? We Find Out.

HR Digest

Healthcare costs are a major expenditure for most business owners. Healthcare is an essential and a necessary investment for both employers and employees. A lackadaisical workforce can be detrimental to productivity. So, are wellness programs a sound investment? Do they drive down a company’s health investment costs or not? Let us find out. A study conducted by Harvard in 2015 found for every dollar spent on wellness programs, the employer saves $3 in healthcare costs and another $3 in absentee

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Top recruiting mistakes you want to avoid

Insperity

Has finding high-quality talent become a challenge? Make sure you’re not committing the biggest recruiting mistakes, which only make the process that much harder. Here are some of the most common mistakes your team can make while recruiting and how to avoid them. 1. Basic, less-than-compelling job postings. Review a recent batch of your company’s job postings.

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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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How Failing to Follow Medical Treatment Hurts your Social Security Disability Claim

Attorney Charlie Hall

Millions of Americans apply for Social Security disability benefits each year. Only 30% of applications are approved at the initial stage of the disability claim process. One of the leading reasons for denial of Social Security is the failure to follow treatment prescribed by your treating source. If you fail to follow the treatment prescribed to you by your doctors, the SSA will likely deny your claim for disability benefits.

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32% want to return to the office for their mental health

Employee Benefits

Nearly one-third of working Brits want to return to their offices this month (January) because they feel it would improve their mental health , according to new research. Smart building management platform Infogrid interviewed 2,000 UK employees via a OnePoll online survey for its 2022 Hybrid workplace report, which revealed that 32% were keen on a swift return to the commute on mental wellbeing grounds now restrictions have eased.

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Financial and Lifestyle Insights- Part 3

Money Talk

In this post, I continue my discussion of tips from webinars, podcasts, and virtual conferences that I heard during the last quarter of 2021. Below are 11 of my key take-aways: Create Your Own TDF Glide Path - Consider personal factors when choosing a target date fund (TDF) glide path (i.e., the investment mix of TDF assets at various ages). It may be beneficial to have a different glide path than the one designated for your anticipated retirement age.

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Be Prepared for Employee Questions as IRS Begins Accepting 2021 Tax Returns

PayrollOrg

On January 24, the IRS opened the tax filing season for taxpayers.

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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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Remote Work Is Here to Stay: Are You Ready?

HR Digest

Remote work is here to stay, and rightly so, it has become a common practice across industries. It’s estimated that over half of employees now work remotely, at least part-time. . The benefits of remote work include increased productivity , flexibility, and job satisfaction. It also helps companies save money because they don’t have to pay for office space or other overhead costs. .

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How to engage in healthy debate at work: Top do’s and don’ts

Insperity

When people work together in a group, it’s not uncommon to have disagreements. In a workplace, the trick is learning how to productively work through disagreements to arrive at an optimal solution – in other words, learning how to engage in healthy debate. Leaders may be tempted to shrink from the idea of debate, or what we perceive as difficult conversations with employees , because most people dislike conflict.

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A Technology Strategy Can Help Organizations Deliver Better Experiences

HR Bartender

Estimated reading time: 4 minutes. Technology is a part of our daily lives. And over the past couple of years, it’s become even more essential. That’s why it’s so important to spend time thinking about your technology strategy. Whether it’s for the organization or as an individual, we need to decide what role we want technology to play , how we will evaluate technology, and how much we’re willing to spend to have the conveniences that technology can provide.

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82% of employers expect staff to work remotely into the future

Employee Benefits

New research has discovered that organisations are looking to continue flexibility over where and when people work, with 82% expecting employees to work remotely into the future at least part of the time, and spend on average two days every week away from the office. Real-estate and investment business JLL’s Perspectives for enterprises report also found that 48% of organisations in Europe, Middle East and Africa (EMEA) have still not developed a future of work programme to meet rising staff dem

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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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Financial and Lifestyle Insights - Part 1

Money Talk

As long-time Money Talk readers know, I love to learn by attending webinars and conferences and listening to podcasts. Then, to make sure that key points stick in my mind, I review my notes and summarize them for readers. As you set goals for 2022, below are twelve tips from presentations that I heard during the past few months: Deal With Debt- Do not be ashamed of how you got into debt.

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APA Engages With House Financial Services Committee on EWA

PayrollOrg

The APA submitted comments to Congress on earned wage access (EWA) following a hearing of the House Financial Services Committee’s Task Force on Financial Technology in November.

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How Is AI Transforming Human Resources Management?

HR Digest

One question arises in recent times and it speaks about the fear of the many employees who are afraid of the new technologies. Is AI changing the way we work? . The answer is yes, and we should be aware of the fact that AI is taking some jobs from the people but at the same time, it is creating new jobs that will be more paid and more beneficial. . Let’s dive into this subject and reveal how AI is changing the way we work.

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How to Freshen Up Your Email Marketing Strategy

Take It Personel-ly

Email marketing is one of the most effective ways for businesses to engage with their target audiences regularly. It’s also a great avenue for tapping directly into various customer segments – especially those with high sales conversion potential. The start of a new year is the best time to think about freshening up your email […]. The post How to Freshen Up Your Email Marketing Strategy appeared first on Take It Personel-ly.

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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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Nepotism In The Workplace And Its Negative Impact

Vantage Circle

You might have come across the term nepotism in the workplace, which has sparked interest in the business sector. The word carries a strong negative connotation. And if there is nepotism in the workplace, you're unknowingly cultivating a toxic environment. The issue with nepotism is that it can destroy a positive work environment and demoralize employees.

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How to implement a pay strategy for hybrid working

Employee Benefits

Need to know: Reducing pay to reflect hybrid working can pose significant legal and practical challenges with implications on organisational fairness and inclusion. With the exception of salaries that already vary by location already, for example, those with a London weighting, reducing an employee’s pay would need their consent. A two-tier pay structure where new recruits are paid differently according to where they do the majority of their work could deter new talent from joining.

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Improve Employee Retention in 2022: Utilize Financial Wellness Benefits

Best Money Moves

Improve employee retention in 2022: Utilize financial wellness benefits. Financial stress is an increasing contributor to high employee turnover and now, more than ever, your team needs relief. Last year, a record 38 million Americans left their jobs to look for new opportunities. As a result, employers in 2022 are dealing with low retention and high turnover, leading to a loss of top talent, increased operating costs and an overall unstable work environment. .

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Business Standard Mileage Rate Increases to 58.5 Cents in 2022

PayrollOrg

Beginning January 1, 2022, the business standard mileage rate for transportation expenses paid or incurred will increase to 58.5 cents per mile.

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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.