August, 2024

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What U.S. benefits pros can learn from their European counterparts

Employee Benefit News

Key initiatives that are making their mark across the pond include flexible national holiday and work-from-anywhere policies, shared meals, a social club and volunteer work.

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A Complete Guide on Salary Benchmarking

HR Lineup

Salary benchmarking, also known as compensation benchmarking, is a crucial process for businesses that aim to maintain a competitive edge in attracting and retaining talent. It involves comparing internal job salaries against external market data to ensure that a company’s compensation structure is both fair and competitive. This guide will take you through everything you need to know about salary benchmarking, including its importance, how to conduct it, and how to use the results effectively.

Salary 98
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81% of staff notice feelings of burnout when they cannot take time off work

Employee Benefits

A majority (81%) of UK employees revealed that they notice increasing feelings of burnout, exhaustion, or poor mental health when they cannot take time off work, according to new research by Breathe. The HR platform for small to medium-sized businesses surveyed 1,000 UK working adults aged 18-65 and found that 25-34 year olds are the most likely age group to be suffering the effects of burnout.

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From buzzwords to benefits: The real impact of employee mentoring

Insperity

Employee mentoring programs aren’t just buzzwords to add to job descriptions and career pages. Creating a method that supports chemistry and lasting productivity through an effective mentorship program has a place in your strategic planning. We’ve spent the last few years re-learning what employees need and want. The Great Resignation has shown us that individuals are more than willing to make big career changes if it means moving somewhere they feel they’ll: Be more valued Have more flexi

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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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5 Payroll Features and Benefits to Consider When Shopping for Software 

Patriot Software

When you have employees, you need to pay them. Instead of manually calculating gross pay, payroll taxes and deductions, and net pay, you might opt for payroll software. With the right software, you can run payroll in minutes—not hours—each pay period.

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Smoking Never Killed Anyone?

Florida Workers' Comp

Time and again, people in my circle have assured me that dope is "harmless." I wish I had a nickel for every time someone told me that "pot never killed anyone." Past expositions on this include Smoking Linked to Chronic Pain (December 2014); New Testing for Marijuana (April 2016); Marijuana Statute in Florida (March 2019); Edible but Stomach Churning (October 2023); Edibles and Illness (November 2023); Harmless (January 2024); and Dope and Heart Disease (March 2024).

Medical 195
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Three Personal Finance Book Anniversaries: Lessons Learned

Money Talk

I’ve solely authored three personal finance trade books so far during my life and 2024 is a milestone year. 2024 is the anniversary of Saving On A Shoestring (my first book published 30 years ago in 1994) and Investing On A Shoestring (published 25 years ago in 1999). In addition, four years ago on August 3, 2020, my latest book, Flipping A Switch : Your Guide to Happiness and Financial Security in Later Life , was published.

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Identify Skill Gaps so You Can Get Working on Upskilling Your Employees

HR Digest

The quest to identify skill gaps among workers is a constant endeavor with no end date, but that’s what it means to grow a workforce. Employees are hired with an armory of skill sets that match what an organization is looking for, but as the role evolves, the employee is expected to grow as well. This is easier to do in some roles, where the work done introduces the necessary skills to the employee, but in most cases, additional training is required to help the employee improve.

Education 122
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How to Measure Employee Recognition: Driving Success Through Data

Vantage Circle

Employee recognition is a critical component of a thriving workplace, but how can its impact be effectively measured? Utilizing data-driven approaches to track and evaluate recognition programs can provide valuable insights, ensuring that appreciation efforts not only boost morale but also contribute to overall organizational success. This blog explores the key metrics and strategies for measuring employee recognition, turning appreciation into a powerful tool for driving performance and engagem

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10 HR Metrics for 2025: HR Data Toolkit

The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!

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Upskilling: The key to higher productivity & employee retention

Business Management Daily

The global workforce faces a massive skills gap, and many organizations need help finding qualified talent. Research from McKinsey & Company found that 87% of companies worldwide are either aware of a skills gap or will have one within a few years. The solution? Upskilling , and a lot of it. Springboard for Business’s The State of the Workforce Skills Gap 2024 polled 1,000 corporate professionals (in leadership roles) and asked them how they planned on addressing the current skills gap withi

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Financial Resiliency: The Skill You Didn’t Know Your Team Needed

Best Money Moves

Financial resiliency: The skill you didn’t know your team needed. Learn why fostering financial resiliency may be key to a more productive, confident workforce. Everyone encounters rough financial patches at some point — the key is how easily you adapt to situations that threaten your well-being. This concept is at the core of financial resiliency, the key skill you could be missing in your workforce.

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The Importance of Inclusion in the workplace

Achievers

Inclusion in the workplace should be a top priority for organizations striving to cultivate an engaging company culture and foster a strong sense of belonging among employees. According to Gallup’s 2023 State of the Global Workplace , inclusive work environments can boost employee productivity, performance, and engagement. In fact, organizations that make the effort to foster an inclusive company culture experience a 56% increase in performance, as well as a 37% decrease in absenteeism.

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Take-Aways from #AFCPE2023- Part II

Money Talk

As I noted last week , I slowly made my way since last December through over a dozen video recordings of presentations made at the 2023 Association for Financial Counseling and Planning Education (AFCPE) Symposium. Below is another very eclectic summary of key take-aways from recorded presentations on topics of personal interest: Debt Repayment Acceleration - The best way to pay off debt quickly is a “rollover method” where extra payments on debt get shifted from one creditor to another as debts

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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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10 Best Skills Tracking & Management Software 2024

HR Lineup

In today’s fast-paced and dynamic work environment, organizations need to stay on top of their employees’ skills and development to maintain a competitive edge. Skills tracking and management software plays a crucial role in identifying skills gaps, planning training programs, and ensuring employees are well-equipped to meet the demands of their roles.

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Top Employee Morale Survey Questions for a Happy Team

Vantage Circle

Human resources managers increasingly view employee engagement as a key performance indicator. However, measuring engagement is complex due to its many contributing factors. A vital component of engagement is employee morale or enthusiasm, which can be improved through various strategies, especially by prioritizing worker well-being. According to a Gallup poll , companies with high employee engagement experience 21% higher profitability and 41% lower absenteeism.

Health 105
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Mental health leaves of absence are surging in 2024

Employee Benefit News

According to ComPsych, one in ten of all leaves of absence are due to poor mental health and burnout.

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5 Surprising Symptoms of Financial Stress (And 5 Helpful Solutions)

Best Money Moves

5 surprising symptoms of financial stress (and 5 helpful solutions). The effects of financial stress can be devastating to your workforce. Learn what to look out for and how you can make a difference. Employee financial stress has been in the spotlight throughout 2024 amid continued inflation and economic uncertainty. In a survey of 2,000 Americans, MarketWatch found that 88 percent of respondents reported feeling some form of financial strain and 65 percent felt that finances were the top sourc

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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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Nevada Regulations Clarify EWA Requirements

PayrollOrg

Effective July 1, 2024, the Nevada Department of Business and Industry, Financial Institutions Division, issued final regulations to further clarify requirements in the state’s earned wage access (EWA) law.

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Things to Learn From a Tax Return

Money Talk

With less than five months remaining in 2024, now is the time to begin serious tax planning for your 2024 income tax return. I recently attended a webinar with some tips for financial advisors about reviewing clients’ tax returns. The advice also applies to taxpayers themselves. Below are my take-aways from this presentation: Review a Draft Return- It is wise to review a draft of your annual tax return before it is submitted.

Taxes 176
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What is Sensitivity Training & Why It Is Important in the Workplace?

HR Lineup

Sensitivity training, often referred to as diversity or cultural awareness training, is a crucial tool in fostering an inclusive and respectful workplace. It focuses on educating employees about cultural differences, unconscious biases, and the impact of their actions and words on others. The aim is to create an environment where everyone feels valued and respected, regardless of their background or identity.

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Recognition is the Secret Weapon to Building a Thriving Workplace

Vantage Circle

What is the hallmark of a truly successful workplace? In today’s day and age, it’s a feeling that connects an individual in a unique yet powerful way to their organization. It’s a feeling of belonging and purpose. A feeling of being valued for the unique contributions one brings to the table. It's the result of belonging to a living, kicking entity and not merely lifeless, corporate machinery.

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4 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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4 professionals share why workplace flexibility is so important

Employee Benefit News

Caring for loved ones and time for professional growth are just some of the reasons employees appreciate a flexible work life.

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Conquering the challenges of becoming a new manager

Business Management Daily

Transitioning successfully from an individual contributor to a people-manager role is no easy feat. After all, what made you successful as an individual contributor can potentially hold you back in terms of your leadership success. Why? One simple word: Control. When you were an individual contributor, you controlled everything on your desk or work area.

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Dementia UK receives menopause-friendly accreditation

Employee Benefits

Specialist dementia nursing charity Dementia UK has received menopause-friendly accreditation due to its commitment to support its employees experiencing perimenopause and the menopause. The menopause-friendly accreditation was established by Henpicked: Menopause in the Workplace. It recognises proven practices that embrace menopause in the workplace by setting clear standards which must be met.

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Take-Aways from #AFCPE2023- Part I

Money Talk

One of the great features of the annual Association for Financial Counseling and Planning Education (AFCPE) Symposium is that AFCPE now makes video recordings of all of the breakout sessions and makes them available to attendees for a year. Gone are the days when you need to choose one session from among three topics of interest and miss the other two.

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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