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I recently attended a webinar about women’s finances presented by the FINRA Investor Education Foundation in cooperation with the New York Public Library. The webinar began with a justification for focusing on financial planning for women. Among the statistics that were presented from various studies are the following: ¨ 37% of women have high financial knowledge (vs. 57% of men) ¨ 59% of women feel anxious about their finances (vs. 52% of men) ¨ 48% of women (vs. 40% of men) find it very or som
International Foundation of Employee Benefit Plans
JUNE 5, 2024
As the school year draws to a close and temps heat up, folks across the country are starting to plan for summer fun! Whether you’re getting another passport stamp, sticking around for a staycation or taking a Friday afternoon off for a […] The post Hot Paid Time Off Trends for the Summer appeared first on Word on Benefits.
The qualified small employer health reimbursement arrangement (QSHERA) and the individual coverage HRA (ICHRA) are personalized health benefits that allow employers to reimburse their employees tax-free for their health insurance premiums and other out-of-pocket medical expenses. Employees must have a qualifying form of individual health insurance to participate in an ICHRA, but they can have any coverage that meets minimum essential coverage (MEC) to participate in a QSEHRA.
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?
The Idaho State Tax Commission has updated the withholding tables for 2024, due to a law change that lowered personal income tax rates. The revised withholding tables should be used going forward.
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The Idaho State Tax Commission has updated the withholding tables for 2024, due to a law change that lowered personal income tax rates. The revised withholding tables should be used going forward.
In the dynamic world of human resources management, having the right tools can make all the difference. As we venture into 2024, the demand for efficient HR database software continues to soar. These software solutions streamline various HR processes, from employee data management to performance tracking and beyond. In this article, we’ll explore the top 10 HR database software options for 2024, each offering unique features and functionalities to meet the diverse needs of modern organizat
Estimated reading time: 6 minutes I’ve been seeing a few questions lately on social media about how to learn public speaking. Many people are suggesting Toastmasters, which is great. For those who aren’t interested in joining Toastmasters, I wanted to also add a few thoughts. I feel very fortunate that I learned about public speaking early in my professional career.
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.
In today’s fast-paced business environment, companies are frequently involved in mergers, acquisitions, and reorganization. Such events often necessitate the migration of contracts from one entity to another. Contract migration is the process of transferring contractual obligations, rights, and duties from one party to another, ensuring continuity and compliance with legal standards.
Myths and Misconceptions of PEOs and How They Can Bring Value to Businesses Private equity (PE) firms are laser-focused on maximizing profits with time-to-value standing as a key marker for successful portfolio investments. PE firms seek to engage with businesses that will deliver the high potential, performance, and revenue they look for to bring value to their investments.
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.
In the dynamic world of human resources, managing the intricate balance between employee engagement, compliance, and operational efficiency has become increasingly challenging. Thankfully, technology has stepped up to ease these burdens, offering a plethora of apps designed to streamline HR processes. Here are ten of the best HR apps in 2024 that can simplify the workday of an HR manager. 1.
What You Need to Know Location-based salaries have become a contentious topic recently as the global COVID-19 pandemic precipitated mass relocations. However, for human resources (HR) professionals, there is more to this topic than pay equity and differing costs of living. The compliance story becomes exponentially more complicated when varying locations are involved.
PayrollOrg’s Government Relations Task Force (GRTF) seeks to better understand the impact of artificial intelligence (AI) on payroll in the context of government interest with their report, "Artificial Intelligence in Payroll Operations." Read how the report defines AI and its impact on payroll and payroll professionals.
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.
In the fast-evolving landscape of business, continuous learning and development are critical for staying competitive. Small businesses, in particular, need cost-effective and efficient solutions to train their employees, improve skills, and ensure compliance. A Learning Management System (LMS) is an invaluable tool that can help small businesses achieve these goals.
The mean gender pay gap has fallen by 0.4% in the past year, from 12.2% in 2022/23 to 11.8% in 2023/24, according to research by PricewaterhouseCoopers (PWC). The professional services firm found that among UK employers that disclose their hourly gender pay gaps, the median hourly pay gap has decreased from 9.2% in 2022/23 to 9.1% in 2023/24. Since 2017, the mean gender pay gap has fallen by 1.6% from 13.4%.
Special Report: A Conversation With IRS, SSA – Part 1 in the June issue of Payroll Currently offers an insider look at how federal agency executives answered questions at PayrollOrg’s annual Payroll Congress.
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!
The Skill Will Matrix is a powerful tool used in management and leadership to assess and manage team members’ performance, motivation, and development needs. This guide will delve into the matrix’s intricacies, offering a comprehensive understanding of its application, benefits, and limitations. What is the Skill Will Matrix? The Skill Will Matrix is a diagnostic tool that helps managers evaluate employees based on two critical dimensions: their skill level and their will (motivation
The latest Workforce Index from Slack claims there has been a significant rise in AI usage in UK workplaces. Since September 2023, there’s been a 66 percent increase, with an additional 18 percent jump since the beginning of 2024. This trend reflects growing enthusiasm among employees about the technology, with 44 percent of office workers saying they are ‘enthusiastic ‘about using workplace AI in their daily tasks.
During a recent webinar, Paul Hughes, Brian Mead and Katharine O’Connor shed light on pressing questions about the Federal Trade Commission’s (FTC) rule preventing all employers from using noncompete clauses. They explained the impact of the Final Rule on current noncompete agreements, examined the legal issues around enforcing a noncompete ban and ensuing litigation, and outlined what employers […] The post Key Takeaways From the FTC’s Final Noncompete Rule: What It Means and Next Steps f
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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