July, 2024

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What is Unicorn Hiring?

HR Lineup

In the world of business and recruitment, the term “unicorn” originally referred to privately-held startup companies valued at over $1 billion. However, the concept of the unicorn has since expanded beyond finance and tech sectors to describe rare and exceptional job candidates. Unicorn hiring, therefore, is the process of recruiting these exceptional individuals who possess a unique combination of skills, experience, and qualities that make them exceedingly rare and highly valuable

Health 84
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Knowledge Management: Add Project Management To the Process

HR Bartender

Estimated reading time: 4 minutes Knowledge management is the process of organizing, using, and sharing knowledge within the organization. According to IBM, there are three types of knowledge: tacit, implicit, and explicit. Tacit knowledge is acquired through experience. An example of tacit knowledge could be leadership skills. Explicit knowledge is captured in documents like manuals, reports, data, etc.

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Loud Budgeting: A Financial Discipline Strategy

Money Talk

Have you heard the term “loud budgeting?” It started gaining traction earlier this year on TikTok (where else?) and has been covered by financial media outlets ever since. An influencer named Lukas Battle coined the term, which is meant to convey transparent and intentional spending. Loud budgeting follows a 2023 term called “Quiet Luxury,” where people buy high-quality timeless, luxury items but do not brag about them.

Finance 191
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How do you encourage people to spend more time in the office? Find out in our special report

Workplace Insight

In a world in which people have more choice about how and where to work, how can organisations meet their diverse and ever-changing needs? And how can they attract them to the office without issuing controversial mandates? Some of the UK’s most high-profile workplace, design, property and facilities management experts met recently at the London showroom of MillerKnoll to discuss one of the most vexed questions of recent years.

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From Payroll Pains to Growth Gains: Streamlining Payroll & HR for Success

Speaker: Joe Sharpe and James Carlson

In the world of small business management, the challenge of managing payroll & HR efficiently while scaling operations can be overwhelming. Yet, with the right strategies in place, these challenges can become opportunities for growth and innovation. In this session, Joe Sharpe, Senior Director of Managed Payroll Services at IRIS, will reveal practical methods and expert insights for outsourcing and streamlining payroll processes, resulting in substantial time and resource savings.

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What it would really take for a pensions comeback

Employee Benefit News

While the revival of traditional pension plans faces significant hurdles, the exploration of hybrid solutions and innovations in retirement planning could provide a path forward.

Pension 113

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Diversity Takes a Backseat as a Microsoft DEI Team Is Laid Off

HR Digest

In the latest updates to the job cuts occurring this year, one of Microsoft’s DEI teams has just been let go. DEI job cuts have grown in number since 2023, and Microsoft is not the first company to make the move, however, the increasing number of cuts is causing employees to become concerned. The decision came to light after the team lead sent out an email to other staff members at the organization, sharing their thoughts on the move.

Media 111
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Consider Artificial Intelligence In Developing Your HR Tech Stack

HR Bartender

Estimated reading time: 3 minutes A couple of years ago, I published an article about how an “ organization’s technology strategy needs to include building the perfect tech stack ”. It’s still true today. A quick refresher: a tech stack is a grouping of technology services that are “stacked” together to create the best, most effective, and efficient process possible.

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Celebrating National Wellness Month In August

Wellable

National Wellness Month takes place in August. Explore ways to celebrate it in the workplace and set the foundation for a year-round culture of health. The post Celebrating National Wellness Month In August appeared first on Wellable.

IT 105
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How AI will transform the way we design and manage the places we work

Workplace Insight

The integration of Artificial Intelligence into the workplace is not just a technological shift; it’s a fundamental reimagining of how we work, interact, and manage our professional environments. As AI capabilities rapidly evolve, they promise to transform every aspect of workplace design and management, from physical layouts to organizational structures and employee experiences.

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Plant the Seed for Successful Onboarding!

Our Free Welcome Email Templates (designed for both in-office or virtual employees) are ready for you to customize and use to plant the seeds of success for new team members.

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5 Simple Ways to Increase Engagement for Financial Wellness Benefits

Best Money Moves

5 simple ways to increase engagement for financial wellness benefits. 5 proven strategies to increase employee engagement for your financial wellness programs. Financial wellness benefits are more important than ever before, as financial stress weighs heavily on Americans. Nearly half of all respondents (47%) in a recent MarketWatch survey claim that 2024 has been the most stressful year of their financial lives.

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King’s Speech introduces Employment Rights Bill

Employee Benefits

Credit: Muhammad Aamir Sumsum / Shutterstock.com The new Labour government is to introduce an Employment Rights Bill within its first 100 days as part of its plan to make work pay. Announced in the King’s Speech on Wednesday 17 July, the plan will create a new partnership between business, trade unions and working people, inviting their views on how best to put the plans into practice.

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The QSEHRA: Pros and cons

PeopleKeep

A robust benefits package that includes health coverage is an important recruiting tool for every employer. However, soaring medical costs can make offering health benefits challenging for small business owners with limited budgets. Luckily, health reimbursement arrangements (HRAs)— specifically the qualified small employer HRA (QSEHRA)—can help small employers overcome this challenge.

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Having Media Literacy Is a Business Competency

HR Bartender

Estimated reading time: 4 minutes Over the past few years, we’ve all been exposed to the notion of misinformation and/or disinformation. It might have been someone who shared an announcement that a celebrity has died, only to find out that it’s either not true or it happened four years ago. Or a news agency that labels an act of violence as terrorism (or completely dismisses it) before all the facts are in.

Media 130
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Engage, Empower, Excel: Transforming Performance in the New Era of Work

Speaker: Radhika Samant and Adri Glover

The world of work has fundamentally changed. The series of waves that the pandemic began have rippled through the Great Resignation, quiet quitting, the Great Regret, and other eloquent phrases that boil down to the same thing: people aren’t engaged at work or enabled to perform at their best. The truth is that engagement and enablement is more important than ever, but how we do it is the critical differentiator for many organizations.

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The Importance of Teamwork in the Workplace and Tips to Build it

BetterUp

You've likely heard the saying, “The whole is greater than the sum of its parts.” And while Aristotle was not referring to teamwork, the statement expresses the main goal of building a great team. The importance of teamwork lies in its ability to achieve far more than individuals working alone. Why is teamwork important in the workplace? It combines diverse skills and perspectives, enhancing creativity and problem-solving, while boosting employee engagement and morale.

IT 105
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Mediocre offices won’t encourage people to spend more time in them

Workplace Insight

Dry, uninspiring offices and long, costly commutes are principal causes for a lack of office-based working, according to a new poll. The survey, commissioned by design and fit-out firm Peldon Rose claims that 1 in 3 (34 percent) office-based workers in London have a ‘nightmare journey’ into work each day, which ultimately deters almost half (46 percent) from travelling into the office.

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Far From Over—NSEU Announces Indefinite Strike at Samsung

HR Digest

NSEU union workers at Samsung are on an indefinite strike in Hwaseong, South Korea, uniting in their demand for better benefits. The National Samsung Electronics Union had attempted a one-day strike last month and then announced a three-day strike earlier this month. Samsung union workers have attempted to initiate negotiations with the company over pay and benefits but the tech giant has been reluctant to come to the table to discuss the conditions laid out by the workers on strike.

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BT Group to roll out new family leave policy

Employee Benefits

Multinational telecommunications firm BT Group is to roll out a new family leave policy for its UK employees from 1 January 2025. The group’s new family leave policy is aimed at levelling up paid leave for any parent welcoming a new child. Regardless of how their family is made up, all employees will be able to take 18 weeks’ leave on full pay , eight weeks of half pay and 26 weeks at the statutory rate.

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How to Increase Diversity in Your Workforce Through AI Technology

Diversity and inclusion are crucial for building a strong and innovative workforce. Discover how AI technology can revolutionize your hiring process and drive diversity in your organization. Explore over 10 ways AI recruiting tools can help you identify a wider pool of candidates, enhance communication strategies, and eliminate unconscious bias. Embrace the future of recruitment and create a more diverse and inclusive workplace with AI technology.

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Is autism protected by the ADA? A guide for employers

Business Management Daily

Contrary to popular belief, The Americans with Disabilities Act (ADA) does not contain a list of ‘protected disabilities.’ Instead, it provides an intentionally vague definition of a disability to cover as many debilitating conditions as possible and to keep up with changing circumstances. A perfect example is the increased prevalence of autism spectrum disorder (ASD).

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How to Write a Professional Business Text Message

HR Bartender

Estimated reading time: 4 minutes I recently wrote an article about “ How to Write an Email that Others Will Read ”. It provides great tips and reminders about sending good email messages. After the article was published, it occurred to me that another common form of business communication is text messaging. So, I reached out to my community again and asked them tips for writing a professional text message.

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The Resurgence of Provider-Sponsored Health Plans in the New Health Care Ecosystem

McDermott Will & Emery Employee Benefits

To adapt to the evolving healthcare landscape, health systems are seeking to identify alternatives to their traditional hospital-centric models and shift towards patient-centered care delivery. As a result, provider-sponsored health plans (PSHPs) are gaining traction as a potential framework for health systems to curate care delivery in the newly decentralized model of healthcare.

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Four day work week campaigners launch new project in wake of successful pilot

Workplace Insight

Campaigners advocating for a four day work week are gearing up for a fresh pilot project aimed at promoting flexible working practices. The initiative is set to launch in November, with participating companies currently being invited to sign up. The findings from this project will be presented to the government in the summer of 2025. The push for a four-day working week, notably with no reduction in pay, has gained significant traction in recent years, particularly following the Covid-19 pandemi

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How To Empower Your Workforce With Modern Fertility Benefits

Speaker: Andrea Wuchiski

In an era where a workforce spans multiple generations, HR managers and Total Rewards leaders face the unique challenge of designing benefits packages that cater to diverse employee needs. This session will delve into how comprehensive fertility benefits can bridge generational gaps, support employees’ health, and enhance workplace satisfaction. Join us for an insightful session that highlights the strategic importance of fertility benefits in today’s competitive job market.

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Get the best results from your benefit budget conversations

WEX Inc.

Many companies are recession-planning and looking for ways to cut costs. But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. As such, it is critical to make a strong case for employee benefits during the budget conversations with leadership.

Taxes 98
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UK Power Networks and Principality Building Society sign up to heating benefit scheme

Employee Benefits

Electricity distribution network operator UK Power Networks, Principality Building Society, asset management firm QEQ and advertising business Oliver Agency have signed up to a home heating employee benefit scheme. Run by Heat Scheme, the benefit will give employees at the firms access to one to one consultations , heating efficiency assessments and training webinars.

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Positional Power vs. Personal Power: Use Both for Your Career

BetterUp

So much potential power comes from holding a position of leadership. But when you switch to a new organization — or if you lose the title that gave you this power — you lose all of the positional power that came with your title.

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ADA service animals in the workplace: Navigating accommodations

Business Management Daily

The Americans with Disabilities Act (ADA) is the leading disability rights law in the United States. It offers crucial protections to individuals with disabilities, including those who use service animals. Business owners often understand how to accommodate customers or the public with service animals. However, they might not know how to make similar accommodations in the workplace.

Food 98
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The Employers Guide to Controlling Cancer

About 40% of us will be diagnosed with cancer in our lifetime, and patients are getting younger. At the same time, the cost of treatment continues to rise, with employers spending 8.5% more on cancer care for each employee than they did last year. The best thing employers can do for their employees and business tomorrow is to invest in cancer detection and care today.