November, 2023

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What is a catastrophic health insurance plan?

PeopleKeep

Healthcare costs continue to rise , making it increasingly difficult for people to find affordable coverage. In response to this, catastrophic health plans have emerged as an alternative option for those who are relatively healthy and primarily seeking coverage in case of major medical events.

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Adapting Benefits For A Multi-Generational Workforce

Wellable

With low job satisfaction rates across generations, tailored benefits emerge as a solution to appeal to a multi-generational workforce. The post Adapting Benefits For A Multi-Generational Workforce appeared first on Wellable.

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Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. Offering choice regarding how a total reward statement is delivered to an employee is key to ensuring effective engagement. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them.

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Pet insurance or life insurance? Help employees select the voluntary benefits they need

Employee Benefit News

By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.

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Future-Proof Your Talent Pipeline

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?

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42% of employers plan to reduce flexibility for staff in 2024

Employee Benefits

Approximately two-fifths (42%) of employers plan to reduce flexibility or offer less of this to their employees in 2024, according to research by Barnett Waddingham. The independent consultancy, which surveyed 302 HR directors and C-suite professionals, found that this could see as many as 588,000 employers planning to offer reduced flexibility to working arrangements.

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Top Most Important HR Metrics You Need to Track

HR Lineup

In the dynamic landscape of modern businesses, human resources (HR) plays a pivotal role in shaping organizational success. To effectively manage and optimize the workforce, HR professionals rely on a plethora of metrics that provide insights into various aspects of employee performance , engagement, and satisfaction. In this article, we will explore the top most important HR metrics that organizations should track to enhance their overall efficiency and effectiveness. 1.

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Maximizing Your “Financial Gap Years”

Money Talk

When someone uses the phrase “gap year,” we often think immediately of young adults who plan experiential learning activities (e.g., traveling, volunteering, and working) between high school and post-secondary education or college graduation and graduate school. In other words, something that young adults do in their late teens and 20s. Think Malia Obama and Elon Musk.

Pension 191
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The Most Productive Ways to Spend the Last Two Weeks of the Year

HR Bartender

Estimated reading time: 4 minutes I’ve mentioned a few times recently about projects that might be perfect for the end of the year and thought it would be good to expand on the idea. When I worked in a corporate office, I often worked during the final two weeks of the year. At first, because I had to. Everyone else had more seniority and vacation time.

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Rosalynn Carter and 10 other notable mental health advocates

Employee Benefit News

As the need for mental health continues to grow, public figures have long fought to shake off stigma.

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Understanding Group Medicare for an Aging Workforce: Key Considerations for HR Leaders

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.

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Tribunal rules stress can be disability without mental health diagnosis

Employee Benefits

An employment tribunal has ruled that stress can be considered disability without a formal mental health diagnosis from a doctor. At a preliminary hearing to discuss a case brought against Aneurin Bevan University Local Health Board, the tribunal panel in Cardiff found that claimant Mrs Phillips could be considered disabled under the Equality Act 2010.

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SSA/IRS Reporter Features Three PayrollOrg Articles

PayrollOrg

The third quarter edition of the SSA/IRS Reporter contains three PAYO articles.

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10 Best Field Service Management Software of 2024

HR Lineup

In an increasingly interconnected and digital world, field service management software plays a crucial role in streamlining operations and enhancing customer service. With the advent of new technologies and the growing demand for efficient field service operations, businesses are continually on the lookout for the best solutions. In 2024, there are several outstanding field service management software options available.

Software 246
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How to Negotiate Lower Prices

Money Talk

Whether you shop in person at “brick and mortar” stores or prefer to shop online, price discrimination is a fact of life. In simple terms, price discrimination is the practice of charging different customers a different price for the same product or service. Think airline seats, hotel rooms, cars, auto insurance, credit card interest rates, cell phone plans, and items sold at garage sales.

Finance 159
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Ready to Save Time With AI? Try 14 ChatGPT Prompts for HR

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.

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Council Guest Post: Is it Time For Payroll to Make its Own Table?

3Sixty Insights

The following is the first in a series of micro-blogs, guest authored by Annemarie Verwaaijen, MSc, MBA, Vice President, Global Head of Pay Services for S&P Global, and a 3Sixty Insights Executive Council member. Is it Time For Payroll to Make its Own Table? I read a statement this morning: “I am not waiting to get a seat at the table; I am building my own table.

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As the workforce ages, now is the time to normalize dementia care

Employee Benefit News

Employees caring for a loved one with dementia face stigma, making support harder to come by.

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A Newtonian perspective on reason, productivity and creativity

Workplace Insight

On the doorstep of the British Library, you will find Edouardo Paolozzi’s imposing statue of Sir Isaac Newton. At first glance, this position seems to make perfect sense. Where better for a monument to the Enlightenment’s poster boy than raised on a plinth at the entrance to the world’s second largest library? And yet, there’s more going on here than is evident at first glance.

Health 121
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Navigating the Complexities of Global Payroll, HR—Risks and Challenges

PayrollOrg

Partnering with a global HR and payroll provider like IRIS FMP can be a game-changer for managing a diverse and dispersed workforce across multiple countries, because it can help you achieve operational efficiency, ensure compliance, and ultimately focus on growing your business on a global scale.

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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

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.

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10 Best Open Source HR Software in 2024

HR Lineup

In the fast-paced world of business, Human Resource Management (HRM) plays a pivotal role in ensuring the seamless functioning of an organization. With the advent of technology, open source HR software has gained prominence, offering cost-effective and customizable solutions for businesses of all sizes. In 2024, the landscape of HR software continues to evolve, and several open source solutions have emerged as front-runners in providing comprehensive HR management.

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Finding Meaning and Purpose in Later Life

Money Talk

The statistics are startling! According to a 2020 study , 28% of retirees suffer from depression. That’s almost 3 in 10 older adults! As blogger Fritz Gilbert wrote in his Retirement Manifesto blog , “that’s a shockingly high number and far too little is written about this problem.” He went on to note that “those forced into retirement (i.e., through downsizing or illness) are especially prone to experiencing the challenge of depression.

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UKG Press Release – UKG One View Earns Industry Praise for Groundbreaking Multi-country Payroll Visibility, Simplicity

3Sixty Insights

The success of UKG One View is being celebrated this week at the UKG Aspire customer conference. The first-of-its kind technology-led experience extends the strength of the UKG Pro suite to help multinational organizations manage their entire workforce — from complex scheduling to payday — with the same consistent experience, regardless of where in the world their employees work.

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Small businesses are outhiring large employers — but can they afford to retain them?

Employee Benefit News

Tina Wang, VP of HR at ADP, breaks down how small businesses can retain new talent despite their financial limitations.

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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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Where are the iconic office furniture products of yesterday?

Workplace Insight

Over the past week or so, this image has gone viral on social media. It is of a group of Bauhaus design students from around 1927. They are called Martha Erps, Katt Both and Ruth Hellos. The full image (reproduced below) shows them with legendary office furniture designer Marcel Breuer, who Erps would later marry. The story of the photograph can be found here.

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IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals

PayrollOrg

The IRS released cost-of-living-adjustments (COLAs) for 2024 reflecting any increases in excludable transportation fringes and flexible spending arrangements (FSAs).

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Top 10 Talent Acquisition Software in 2024

HR Lineup

The landscape of talent acquisition is continually evolving, and in 2024, organizations are seeking innovative and efficient ways to attract, engage, and hire top talent. To meet these evolving demands, companies are turning to talent acquisition software. These powerful tools streamline the recruitment process, from sourcing candidates to onboarding, and have become essential in today’s competitive job market.

Software 246
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Fraud Prevention Tips

Money Talk

It seems like everyday we hear stories about people who become victims of fraud. They are tricked into sending advance deposits for products or services they never receive or making wire-transfers to fraudulent accounts, or divulging sensitive information that can be used to wipe out bank accounts or commit identity theft. What to do? Nobody can completely reduce their risk of being defrauded because not all of our personal information is under our control.

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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.