September, 2023

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Top 10 Enterprise Payroll Software in 2023

HR Lineup

Payroll management is critical for businesses of all sizes, but it becomes especially complex for enterprises with a large workforce. In 2023, enterprise payroll software has evolved to offer advanced features that streamline the payroll process, ensure compliance with tax regulations, and enhance employee self-service options. To help you choose the right solution for your organization, we’ve compiled a list of the top 10 enterprise payroll software options for 2023. 1.

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12 types of employee stipends and examples of each

PeopleKeep

Offering robust employee benefits can greatly help companies that are looking to attract and retain top talent. In addition to offering traditional benefits like health insurance or retirement contributions, more employers are offering stipends to employees. These are additional funds an employer provides to cover specific employee expenses on a one-time basis or on a regular cadence.

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Tax-Deferred Retirement Savings Plans in Later Life

Money Talk

One place where there is a gap in adult financial education is programs for older adults age 65+. The bulk of community and workplace programs cover financial tasks and decisions to get “to retirement,” not “through retirement." One of the niche audiences for my business, Money Talk , is older adults grappling with financial issues such as creation of a retirement “paycheck,” paying taxes on required minimum distributions (RMDs), and simplifying financial accounts.

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Two in five older staff are unaware of their total retirement savings

Employee Benefits

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon. Its survey of more than 2,000 employees enrolled into a workplace pension found that older employees have less clarity over the value of their retirement pension pots , as 41% of those aged 55 and above are not sure how much they have saved, compared to almost three in 10 (28%) of all UK staff.

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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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DOL Opens Comment Period for Proposed ‘White Collar’ Threshold Change

PayrollOrg

On September 8, the U.S. Department of Labor (DOL) announced it had opened the comment period on its proposal to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions.

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Top 15 Knowledge Management Software in 2023

HR Lineup

Knowledge management is a critical component of modern business operations. It involves the creation, organization, and distribution of information within an organization to improve decision-making, problem-solving, and overall efficiency. To achieve this, companies often rely on knowledge management software to streamline the process. In 2023, there are several standout options available, each offering unique features and capabilities.

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Insightful Employee Benefits Tips for Educating Young Employees about Your Benefits

Take It Personel-ly

For many businesses, employee benefits play a vital role in attracting and retaining top talent. Despite their importance in creating a supportive work environment, these [.] The post Insightful Employee Benefits Tips for Educating Young Employees about Your Benefits appeared first on Take It Personel-ly.

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Artificial Intelligence and the Candidate Experience – hr bartender

HR Bartender

Estimated reading time: 3 minutes I’ve talked to a few recruiters recently who are very concerned about artificial intelligence (AI) replacing them. It reminded me that several years ago, I asked a few people in the technology and talent acquisition space this very question about technology replacing recruiters. I believe their comments are still spot on today.

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Longevity Risk: Insights From Recent Seminars

Money Talk

Longevity is defined by the Merriam-Webster dictionary as “a long duration of individual life.” It is also a key financial risk for older adults (i.e., not having enough saved and outliving retirement savings because this money has to last a long time). A recent study found that 63% of pre-retirees feared running out of money more than death vs. 46% of retired respondents.

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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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IRS Issues Federal ‘High-Low’ Per Diem Rates Effective October 1

PayrollOrg

The IRS released the optional “high-low” per diem rates for lodging expenses and meals and incidental expenses that may be used instead of the General Services Administration’s “actual” per diem rates.

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Meet EBN's 2023 Excellence in Benefits winners

Employee Benefit News

Get to know the HR leaders, tech innovators and benefit advisers who went above and beyond in 2023 to support employees and clients.

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10 Best Free HR Software in 2023

HR Lineup

Human Resources (HR) management is a crucial aspect of any organization’s success, regardless of its size. It involves tasks such as employee recruitment, onboarding, payroll management, time tracking, and more. To streamline these processes and improve overall efficiency, many businesses turn to HR software solutions. While there are numerous paid options available, there are also some excellent free HR software options that can help small to medium-sized businesses manage their HR tasks

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Why suicide awareness should be a workplace priority

Employee Benefits

More than 6,000 people in the UK take their life every year. Three-quarters of those suicides are men. Suicide is the biggest killer of young adults under the age of 35 and of men aged between 50 and 54. And while there is a link between unemployment and suicide, the reality is that most people who die by suicide are in employment. So why does suicide remain one of the biggest workplace taboos ?

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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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Bookmark This! Workplace Ethics Edition – The HR Bartender Show

HR Bartender

Estimated reading time: 3 minutes In our second season of The HR Bartender Show, we focused on change management. We are constantly being faced with change. Some big, others small. Some impact our professional lives, and others on a personal level. It’s important that we know how to manage change. That’s why I think it’s so applicable to focus season three on workplace ethics.

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Building Generational Wealth

Money Talk

This year, my husband and I kept our Christmas tree up until late March by converting it to a red Valentine’s Day tree in February and a green St. Patrick’s Day tree in March. Back in March, I posted a photo of my tree full of green shamrocks and noted that my grandparents were Irish immigrants who came to America with dreams for a better life and very little money.

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PayrollOrg Watches for Fixes to the Employee Retention Credit

PayrollOrg

PayrollOrg’s Government Relations Division attended a hearing held by the U.S. House of Representatives on issues with claiming the employee retention credit.

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How to ensure your company makes the most of its benefits dollars

Employee Benefit News

A Pew Research Center survey found that 43% of people who quit their jobs did so because of inadequate benefits.

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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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Top 10 HR Analytics Tools in 2023

HR Lineup

In today’s rapidly evolving business landscape, Human Resources (HR) professionals are harnessing the power of data-driven insights to make informed decisions, improve employee engagement, and optimize workforce management. HR analytics tools have become indispensable for organizations seeking to unlock the full potential of their human capital.

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77% of employers say competition for talent is key issue influencing benefits

Employee Benefits

Competition for talent was cited by three-quarters (77%) of employers as a key issue influencing their benefits strategy , according to research by global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Benefits trends survey , which surveyed 339 UK organisations across a range of industries about their benefit strategies, also found that despite 45% of UK employees favouring workplace benefits that support long-term finances and retirement, more than half of employer respo

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Workplace Ethics [Episode 5] Jacob Ficner on Managing Ethical Risk with Technology

HR Bartender

Estimated reading time: 3 minutes Organizations want to operate in an ethical manner. They also want to be effective and efficient. There’s no reason that organizations have to compromise on doing it all. It starts with building a good foundation of ethics. But then organizations need to think about how to maintain ethics, no different that regularly examining data and information to ensure effectiveness and efficiency.

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How to Protect Yourself in Today’s Scary Economic Environment

Money Talk

I recently taught a class with the same title as this post. It began with a summary of recent “scary” economic events: recession fears, rising interest rates, bank failures, volatile stock prices, increased costs of basic expenses due to inflation, layoffs, low savings rates, increasing credit card APRs and household debt, housing unaffordability, and more.

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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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Five Indiana Counties Have Income Tax Rate Changes Effective October 1

PayrollOrg

Effective October 1, 2023, the Indiana Department of Revenue revised Departmental Notice No. 1 to reflect income tax rate changes in Adams, Clinton, Dearborn, Henry, and Vanderburgh Counties.

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10 companies with the happiest employees

Employee Benefit News

Comparably recently released its sixth annual list of the highest-rated companies, based entirely on employee feedback.

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12 Best Interview Scheduling Software in 2023

HR Lineup

In today’s competitive job market, streamlining the hiring process is crucial for both employers and candidates. One of the most critical aspects of this process is interview scheduling. The right interview scheduling software can save time, reduce scheduling conflicts, and enhance the overall candidate experience. In 2023, there are numerous software options available to help organizations manage their interview scheduling efficiently.

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AI is giving business leaders the heebie-jeebies, new poll suggests

Workplace Insight

An overwhelming majority of business leaders (94 percent) admit to some form of ‘tech anxiety’ when it comes to AI and other technology, according to a new survey from Kin + Carta. This anxiety is on the rise as the pace of digital and technological change accelerates, and is prompting top executives to invest more in digital transformation, according to the survey.

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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.