November, 2024

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5 Trends Driving Financial Wellness in the Workplace

Flimp Communications

As of fall 2024, there are a few signs the country is slowly but surely emerging from a harrowing economic ordeal. Inflation has slowed somewhat, unemployment remains low, and indicators like GDP (gross domestic product) show surprising growth. But these are macro trends. What keeps your company’s employees awake late into the night and dominates their thoughts throughout the workday isn’t the state of the nation’s economy but their retirement savings, children’s college funds, credit card debt,

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Total Compensation Report Sample: A Guide for HR Professionals

COMPackage

In today’s talent-driven market, attracting and retaining top performers requires a holistic approach to compensation. Beyond just base salary, employees value a comprehensive benefits package that contributes to their overall well-being. Total Compensation Reports (TCRs) offer a valuable tool for HR professionals to effectively communicate this value proposition.

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Beyond just rules: The strategic power of HR compliance

Insperity

For many companies, HR-related compliance is often viewed as a necessary but limiting function – a series of boxes to check, policies to follow and regulations to meet. But this perspective can lead businesses to miss out on the full potential of compliance as a strategic asset. The shift from sign-off to strategy By expanding your view of compliance beyond simply meeting legal obligations, it can be seen as a core pillar that supports broader business goals and contributes to a resilient, high-

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10 Top Summer Employee Appreciation Ideas You Can Implement to Boost Morale

Empuls

Summer is a time for fun, relaxation, and sunshine—but it’s also an excellent opportunity for companies to show appreciation for their employees. As the weather warms up, team members may be more focused on vacation plans or outdoor activities, which can lead to a dip in engagement.  That’s why implementing summer employee appreciation initiatives is crucial to keeping morale high and fostering a positive work environment.

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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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What is a Retainer in Recruitment?

HR Lineup

In recruitment, a retainer is a payment agreement between a company and a recruitment agency where the company pays an upfront fee to secure the agency’s services for filling a specific role. This model, known as retained recruitment, differs from the more common contingency recruitment, where payment is only made when a candidate is successfully placed.

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California, New York, and Virgin Islands Face FUTA Credit Reduction for 2024

PayrollOrg

According to the U.S. Department of Labor, California, New York, and the U.S. Virgin Islands could not pay back their federal loans by the November 10, 2024, deadline and will lose the full Federal Unemployment Tax Act (FUTA) credit for 2024.

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2025 employee benefits trends: What employers need to know

WEX Inc.

When it comes to 2025 employee benefits trends , many companies are seeking innovative solutions to meet the changing needs of their workforce. Shaped by changing work environments, economic pressures, and technological advancements, the following trends are emerging as essential components of a competitive benefits package. Personalized benefits packages Today’s employees want benefits unique to their circumstances and lifestyles.

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How employers can set every generation up for financial wellness

Employee Benefit News

Each age group needs different benefits to feel their priorities are being supported.

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Is salutogenic design the next big issue for the workplace?

Workplace Insight

A number of progressive workplace issues have crossed into mainstream thinking over the past few years, and perhaps none more so than biophilia. It is now a principle that has become an issue talked about in the mass media, as shown by a CNN interview with one of Europe’s leading proponents of biophilic office design, Oliver Heath. The interview explores how biophilia taps into our embedded love of nature to evoke certain behaviours and emotions.

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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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isolved’s Comprehensive Approach to Workforce Optimization

3Sixty Insights

More and more businesses today find workforce management, labor productivity, and operational efficiency mandatory for sustaining a competitive advantage. At the same time, though, companies have to juggle the challenges of talent acquisition, compliance, employee engagement, and retention while staying agile and efficient. At their recent Connect customer and partner conference, I was fortunate to sit in on isolved’s showcasing of their new suite of solutions and services, including the People

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What Changes Can You Expect in Walmart’s DEI Policies?

HR Digest

Just as the arrival of DEI policies took America by storm, the abrupt rollback of these policies is becoming equally widespread. Reports have revealed that Walmart’s DEI policies are being scaled back entirely, as the company is no longer planning to review its five-year commitment to its equity racial center, which was initially set up in 2020. Rampant DEI backlash in corporate America has dissuaded many businesses from maintaining these policies but Walmart’s scaling back of its diversity pol

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IRS Announces 2025 Retirement Plan Contribution, Benefit Limits

PayrollOrg

The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans for tax year 2025.

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What are fuel card rebates and how do I get them?

WEX Inc.

Are you investing energy, time, and resources into finding the right fuel card for your fleet of commercial vehicles? Do you have specific factors in mind? Likely you’re looking for a card that best fits your business’ needs. One consequential factor to keep in mind is fuel card rebates. We’ll help you better understand what rebates are and how to find a card that’s right for you, taking those rebates into account.

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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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10 unexpected FSA-eligible purchases you can make before the year is up

Employee Benefit News

The FSA store compiled a list of popular but unexpected FSA-eligible products for 2024.

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Benefits of Employee Rewards Programs for Automotive Businesses

Darwinbox

A positive work environment is key to the success of any business, and employee satisfaction plays a crucial role in maintaining that environment. In the automotive industry, this becomes even more important, as skilled employees like technicians and service advisors are vital to the smooth operation of the shop. One effective way to keep your staff motivated and engaged is by implementing an employee rewards program.

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The QSEHRA and HIPAA Privacy Requirements

PeopleKeep

Small employers are increasingly seeking innovative ways to provide their employees with health benefits amid rising health insurance costs. The qualified small employer health reimbursement arrangement (QSEHRA) is a popular solution. These employer-funded plans allow companies to reimburse employees for qualified medical expenses. They provide valuable flexibility and budget control.

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Employee Assistance Programs in Times of Need

InterWest Insurance Services

Natural disasters, such as hurricanes and earthquakes, cause extensive property damage, physical injuries and loss of life. The distress might not end there, however. Mental health experts say that many victims of disasters experience post-traumatic stress disorder, depression and anxiety in the months following these events. The loss of loved ones, jobs, material goods and livelihoods are all traumatic experiences for victims, according to one Red Cross official.

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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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District Court Invalidates Rule Raising ‘White Collar’ Salary Threshold

PayrollOrg

On November 15, a district court vacated and set aside the U.S. Department of Labor’s (DOL) final regulations to increase the minimum salary level for the “white collar” exemption.

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HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Below, we’ve outlined the key differences of an HSA vs. FSA so you can see how they work, the advantages to each, and why you should participate in them. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

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How employers can take their caregiving benefits to the next level

Employee Benefit News

November is National Caregivers Month. Now is a good time for employers to increase support for their working caregiver population.

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Ways To Say No Politely That Won’t Leave You Feeling Guilty

BetterUp

Jump to section 50 different ways to say no politely When you should say no Why is it so hard to say no?

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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

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Darwinbox Rises as a Challenger in Gartner’s 2024 Magic Quadrant for Cloud HCM Suites

Darwinbox

This recognition by Gartner reaffirms Darwinbox's commitment to transforming HR tech with solutions that are built for change, innovation, and adaptability, catering to enterprises of all sizes.

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Your Election Watchlist for Benefits 

International Foundation of Employee Benefit Plans

This election day, you might be heading to the polls or have voted already (I’m looking forward to getting fewer random texts and mailers, that’s for sure!). Regardless of the outcome, the next administration will likely impact many areas, including employee benefits. Here’s […] The post Your Election Watchlist for Benefits appeared first on Word on Benefits.

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Ballot Measures Passed by States and Cities Impacting Payroll

PayrollOrg

On Election Day, voters in states and cities across the country considered ballot measures that will impact payroll in 2025 and beyond.

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Key HR Trends to Watch in 2025 – AI and Employee Well-being

HR Digest

Generative Artificial Intelligence has become an essential part of the workforce, many companies are introducing their own generative AI to support employees with their work. In 2025, AI will transform the global workforce, making employers need to create proper rules and regulations for using AI. Recently, ADP revealed key HR trends in 2025 essential for employee support and business growth.

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4-Week Roadmap for New Hires

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.