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
Advertiser: Paycor
Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?
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.
PayrollOrg
JANUARY 11, 2024
Effective January 1, 2024, 13 Indiana counties have income tax rate increases and the state withholding tax rate decreased to 3.05% from 3.15%.
HR Lineup
JANUARY 29, 2024
Creating accurate and professional pay stubs is an essential aspect of managing a business. A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. In this guide, we will walk you through the step-by-step process of creating a pay stub for your employees, ensuring compliance with legal and financial requirements.
Achievers
JANUARY 31, 2024
Every company wants a workforce where every employee has the skills and knowledge needed to thrive and achieve business goals. But even organizations that attract and retain the best talent available won’t have perfect alignment between employees’ capabilities and organizational requirements — especially as time goes on and new trends and opportunities emerge.
HR Bartender
JANUARY 21, 2024
Estimated reading time: 3 minutes Technology is a great thing. It’s also constantly changing and, for effectiveness, we have to stay current with what’s happening. And by “we”, I mean both individuals and organizations. For example, I’ve been seeing articles about Q-day, which is a term used to describe when quantum computers will be able to crack all of the codes currently protecting digital data.
Speaker: Shawnequa Albert
As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.
Money Talk
JANUARY 18, 2024
The Wall Street Journal recently published an article with an intriguing title: “The Secret to Sweet Dreams May Be Not to Sleep Together.” It described the not-so-uncommon situation of couples who sleep apart as a result of issues such as snoring, tossing and turning, insomnia, and CPAP machine noise. What happens, however, when couples who sleep apart at home (or friends) go on a cruise and are confined together to a 200 to 300 square foot cabin for days?
Employee Benefit News
JANUARY 18, 2024
It is more critical than ever to ensure that organizations and employees are protected from cyberattacks.
PayrollOrg
JANUARY 29, 2024
The IRS issued a QuickAlert to tell users how to deal with troubles logging into the Filing Information Returns Electronically (FIRE) system.
HR Lineup
JANUARY 28, 2024
Employee onboarding is a critical component of building a successful and productive team. A well-designed onboarding process not only helps new hires integrate smoothly into the company culture but also sets the stage for long-term engagement and success. In this article, we will explore 15 powerful onboarding process examples that organizations can consider implementing to enhance their employee onboarding experience. 1.
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ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.
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
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.
Money Talk
JANUARY 4, 2024
Here is a financial New Year’s resolution: make the most of free money! “Free money” is exactly what these two words indicate: money (or goods and services in lieu of cash) that comes with no (or sometimes a few) strings attached. Free money does not have any work requirement, however, and is often income tax-free. Common sources are businesses, individuals, and the government.
Employee Benefit News
JANUARY 23, 2024
Relevant skills, not a four-year degree, can make someone an ideal candidate for a role.
Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC
The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.
PayrollOrg
JANUARY 26, 2024
The U.S. Department of Labor released its list of potential FUTA credit reduction states for 2024, and they are California, Connecticut, New York, and the Virgin Islands. The determination will be made after November 10, 2024.
HR Lineup
JANUARY 30, 2024
In today’s competitive job market, attracting and retaining top talent is crucial for the success of any business. However, for small businesses operating on limited budgets, the challenge of recruiting top talent can be particularly daunting. Despite financial constraints, there are several effective strategies that small businesses can employ to identify, attract, and retain the best candidates.
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.
International Foundation of Employee Benefit Plans
JANUARY 3, 2024
In the hustle and bustle of our lives, sleep often takes a back seat to work demands, social obligations and the ever-present glow of screens. How many times this year have you found yourself burning the midnight oil, playing catch-up? The realm […] The post A Restful Resolution: Prioritizing Sleep Health in the New Year appeared first on Word on Benefits.
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.
Money Talk
JANUARY 11, 2024
Mutual funds are 100 years old this year, but they have a formidable competitor for investor dollars. In recent years, exchange-traded funds (ETFs) have been gaining market share versus mutual funds. This post describes what ETFs are and how they differ from mutual funds. Like mutual funds, exchange-traded funds (ETFs) are a popular investment that provides broad diversification that helps reduce investment risk.
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.
PayrollOrg
JANUARY 25, 2024
IRS provided filers with updates on the Information Returns Intake System (IRIS) during its January working group meeting.
HR Lineup
JANUARY 8, 2024
Gaslighting at work is a subtle and insidious form of psychological manipulation that can have profound effects on an individual’s mental well-being and professional performance. Coined from the 1944 film “Gaslight,” where a husband manipulates his wife into questioning her sanity, gaslighting involves the deliberate distortion of reality to make the victim doubt their perceptions, memories, and overall sense of self.
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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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