Employee Benefits
JANUARY 8, 2024
Credit: Looker/Studio-Shutterstock Need to know: Artificial intelligence (AI) is already starting to impact the world of benefits and reward, in areas such as benefits selection, administration and modelling potential strategies. Employees can also gain through personalised recommendations and support with questions. But concerns remain over data security and the lack of emotional intelligence in AI.
International Foundation of Employee Benefit Plans
JANUARY 11, 2024
As the rate of digital transformation continues to accelerate across all industries, poor cybersecurity remains a pressing threat to employers and benefit plan sponsors. Awareness of nine common cybersecurity myths can help employee benefit plan stakeholders better understand their plan’s risk posture […] The post Dispelling Cybersecurity Myths for Benefit Plans appeared first on Word on Benefits.
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Benefit Resource Inc.
JANUARY 4, 2024
After much consideration, you’ve made the wise decision to enroll in a pre-tax benefit plan. As a new plan participant, you will experience significant savings on eligible items and services in the coming months! To help you make the most of your account(s), here are some helpful reminders, tips and valuable resources. How do I access the funds in my account?
Employee Benefits
JANUARY 17, 2024
While automatic-enrolment has resulted in more individuals saving for retirement, it has created a separate issue that the Department for Work and Pensions (DWP) describes as ‘the proliferation of small pots’: the creation of multiple deferred pension pots , often low in value, when employees change employer. Lack of engagement with pensions has compounded the problem, with many individuals leaving their small pots behind rather than consolidating them, which can lead to poorer retir
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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
Employee Benefits
JANUARY 24, 2024
Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days. The growth of digital and micro payments over the next 10 years could see crypto currency become more common in pay strategies, especially for incentive schemes and gl
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
HR Digest
JANUARY 3, 2024
Promoting collective action is the hallmark of a labor union and the current Swedish strike that Tesla is facing is an obvious testament to that fact. The strike against Tesla began on 27 October when a company subsidiary refused to sign a collective agreement with IF Metall—a labor union that represents the Tesla mechanics in the region. Elon Musk, co-founder and CEO of Tesla, has long stood firmly opposed to labor unions, stating that they created negativity within a company, despite unions be
Workplace Insight
JANUARY 21, 2024
London’s office market continues to adapt to evolving workforce demands. The normalisation of hybrid and flexible working since the pandemic remains the biggest cultural shift that the office sector has witnessed in decades. In addition to the rise in demand for quality-as-a-must in 2023, collaboration, culture, and connectivity will lead the charge for office space trends in the year ahead.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 16, 2024
Approximately one year after Congress enacted the SECURE 2.0 Act of 2022 (“SECURE 2.0”), the IRS issued Notice 2024-02 , which addresses SECURE 2.0 implementation issues and extends the plan amendment deadline. Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 overpayment and student loan repayment match details, which will hopefully be covered in a future IRS notice.
Business Management Daily
JANUARY 16, 2024
Even if there’s never been a violent incident at your workplace, you still need a functioning workplace violence prevention program. That’s especially true if your work involves certain risk factors like: Handling cash Working late at night Working in high-crime areas How do you know which preventive measures to implement? One of the best ways is to view actual workplace violence examples to learn what went wrong.
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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.
Employee Benefits
JANUARY 1, 2024
Regular breaks during working hours can help to avoid burnout and boost employees’ physical wellbeing. Employers can support employees suffering from seasonal affective disorder by rearranging the workplace to maximise natural light or enable them to sit near a window. Organisations can implement discount schemes that save employees money on essentials to eliminate stress.
HR Bartender
JANUARY 25, 2024
Estimated reading time: 4 minutes I came across an article recently on CNBC that said 90% of companies plan to implement return to the office policies by the end of 2024. This isn’t surprising. Organizations have been talking about return to the office policies mandates for quite some time. That’s not what I want to talk about today. I want to talk about meetings.
HR Digest
JANUARY 12, 2024
As we stand at the precipice of 2024, a revolution – not an evolution – awaits. The architects of this revolution are the bold and forward-thinking leaders in human resources. The year ahead demands courage and audacity. It is a crucible where tradition and innovation clash, forging a new paradigm in workforce dynamics. The year demands that the pulse of innovation beats strongest within the corridors of a dynamic and future-focused HR strategy.
Workplace Insight
JANUARY 25, 2024
There have been many experiments over the years that expose the darker aspects of human nature. One of the most telling of these was carried out by two American researchers called John Darley and Bibb Latane in 1968. The two men’s work was partly inspired by a notorious 1964 murder in which a woman called Kitty Genovese was stabbed to death in public.
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
Insperity
JANUARY 9, 2024
From embracing cutting-edge AI technology trends to optimizing customer engagement, the latest business strategies may sound promising. However, for some businesses, jumping on the newest fads can be a risky move. What’s most important is establishing a solid foundation that makes the execution of business strategies conducive to sustainable growth – and it all starts with investing in your front-line managers.
Wellable
JANUARY 31, 2024
With less than half of workers confident in their retirement savings, employers must rethink financial well-being within their workforce. The post Rethinking Retirement: Addressing The Gap Between Employee Needs & Employer Actions appeared first on Wellable.
Employee Benefits
JANUARY 31, 2024
Time To Talk Day takes place in many workplaces across the UK at this time of the year. It’s billed as the nation’s biggest conversation about mental health. However, if all you do is pay lip service as it hits the calendar and talk for one day, there’s little value. So how do you turn it into a conversation that lasts? Create an open culture Recognising that employees are people and not simply workers and understanding how they are feeling is one of the most fundamental aspects of running a bus
McDermott Will & Emery Employee Benefits
JANUARY 30, 2024
Under the SECURE Act and SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. Under the new rules, long-term, part-time employees include those employees who complete at least 500 hours of service in three consecutive years (reduced to […] The post A Long-Term, Part-Time Employee or a Former Long-Term, Part-Time Employee, That Is the Question appeared first on EM
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!
Business Management Daily
JANUARY 29, 2024
There has been a lot of talk over the past year about nepotism and “nepo babies” in the entertainment industry. Whether it be an actress from a famous family or a model following in her mother’s footsteps, Hollywood is filled with these so-called “nepo babies”. Some are genuinely very talented and have proved that they are stars in their own right, while others may fall a bit flat and it can feel like nepotism may be taking away opportunities from more qualified or hard-working individuals.
Workplace Insight
JANUARY 16, 2024
Henley Business School’s World of Work Institute has published a new report on what it calls The Omniployment Era The report claims to identify which what a post-Covid, post-Great Resignation workforce looks like. The study identifies six distinct worker ‘segments’* in the UK workforce and quantifies what attracts and retains them in jobs, and provides advice to businesses on how to build a strong workforce.
Employee Benefit News
JANUARY 8, 2024
Employees in the office and working from home feel unsatisfied with a hybrid work model. Here's how employers can rethink their approach.
Wellable
JANUARY 24, 2024
Wellable’s 2024 Employee Wellness Trends Industry Report reveals crucial insights for employers to make informed wellness strategies and benefits decisions. The post 5 Key Takeaways From 2024 Employee Wellness Industry Trends Report appeared first on Wellable.
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.
Employee Benefits
JANUARY 3, 2024
Credit: Artem Oleshko/Shutterstock Need to know: Employee motivation strategies need to factor in cost-of-living pressures and the increasing need for personal development. Motivating people to return to the office must be carefully balanced with the motivational aspects of the flexibility of remote and hybrid working. As skill shortages continue, reskilling and upskilling staff, particularly in digital skills, will become increasingly motivational in terms of personal development.
McDermott Will & Emery Employee Benefits
JANUARY 29, 2024
Multiple states – including Alaska, Wisconsin and New Jersey – have been busy finalizing legislation and rulemaking to adopt interstate compacts and amend and clarify telehealth-related standards of care. What else have these states been up to over the last month? Read more here. The post States Move to Amend, Clarify Telehealth-Related Standards of Care appeared first on EMPLOYEE BENEFITS BLOG.
Business Management Daily
JANUARY 23, 2024
Prior to coming on board as the new departmental manager, Andrew heard a great deal about an employee named Kristen. When he looked over past performance reviews to get a feel for his new team, her evaluations stood out as particularly stellar. Bosses described her as passionate, reliable, productive, and accommodating. Even in the notes the previous manager left for him, she merited individual mention: “Rely on Kristen when you need something done.
Workplace Insight
JANUARY 22, 2024
Over a third of adults experienced high or extreme levels of pressure and stress always or often in the past year (35 percent), according to the new annual report from Mental Health UK. The report warns that the UK is at risk of becoming a ‘burnt-out nation’. Against a backdrop of rising levels of people out of work due to long-term sickness, the polling of over 2,000 UK adults by YouGov for the Mental Health UK reveals that one in five workers (20 percent) needed to take time off due to poor me
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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.
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