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Every employee wants to feel appreciated, so every organization should strive to provide and encourage recognition as much as possible. But the route to an effective employee reward system can be rather complex. Should your company focus on big-ticket events, like award ceremonies? Offer quality swag? Maybe a focus on covering the cost of team outings or additional training opportunities?
Allowing employees to work remotely can save employers a fair amount of money on expenses like building rent, supplies, maintenance, utilities, and even relocation costs. However, as more organizations adopt a hybrid or fully remote work environment , they must consider the hidden costs their employees will incur while working from home. While remote work is preferable for many employees today, it does add more financial responsibility to their plates.
The Paid Leave for All Workers Act (PLAWA) was signed into law by Governor J.B. Pritzker on March 13, 2023, ensuring that all workers in Illinois receive 40 hours of paid time off annually for any purpose. The law will become effective on January 1, 2024, requiring employers to utilize the remaining months of 2023 […] The post Illinois’ New Paid Leave Law: What Employers Need to Know appeared first on EMPLOYEE BENEFITS BLOG.
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?
Does this sound familiar? You ask an employee to run a few errands for the office. They end up with a $10.79 coffee shop bill, $56.99 at the office supply store, and $25.28 at a local pizza joint. Sure, you plan to repay them. But how much do you know about employee expense reimbursement?
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Both employers and employees have much to gain from a solid voluntary benefits program. For employees, being able to enroll in an insurance product through a workplace voluntary benefits program offers them the advantage of group pricing, the convenience of paying through payroll deduction, and perhaps access to insurance that would be difficult to get on an individual basis.
While remote work has been around for a long time, it quickly gained popularity during the COVID-19 pandemic. Either by force or by choice, people found themselves working from home. The adjustment came with growing pains for employers and employees alike. But for some, the flexibility of remote work arrangements won them over for the long haul.
One of my Money Talk clients is my long-time employer, Rutgers Cooperative Extension. In addition to writing monthly Small Steps to Health and Wealth™ financial messages , I also present online webinars and class segments. I recently presented content for Annie’s Project-NJ ; a program designed to build the skills of women farmers in New Jersey. My segment of their six-week class series was called Can Farmers Ever Afford to Retire?
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.
Jury duty is an essential part of the justice system that involves a group of individuals selected to decide the outcome of a legal case. Serving as a juror is an obligation of citizenship and an opportunity to participate in the legal process. However, it can also disrupt your work schedule, causing you to miss out on important duties. To address this issue, many countries have laws in place that require employers to provide their employees with jury duty leave.
Estimated reading time: 9 minutes I’ve published a couple of articles lately about the need for organizations to have an artificial intelligence (AI) strategy and how AI can help organizations with employee development. It’s possible that with all the conversation about AI technologies in today’s news, organizations are talking about what AI could mean for their operation and how to get started.
In today’s fast-paced and dynamic business environment , organizations must continually adapt to remain competitive. One crucial factor for success is building a skill-based organization that prioritizes skill-based hiring and retention strategies. A skill-based organization is one where the employees possess the necessary skills to perform their tasks effectively and efficiently.
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.
The COVID-19 pandemic has forced organizations worldwide to re-evaluate their traditional ways of working. Many organizations have had to quickly adapt to remote work models in order to ensure business continuity. However, as restrictions continue to ease, organizations are now considering a hybrid work model, which combines remote and in-person work.
International Foundation of Employee Benefit Plans
APRIL 20, 2023
Social exclusion, the closure of daycare centers and schools, and job insecurity combined to produce conditions at home and in the workplace that have never been seen before the first wave of the COVID-19 pandemic. The pandemic has had major effects on […] The post Family Mental Health: How We Can Adapt and Better Understand Together appeared first on Word on Benefits.
In recent years, the prevalence of remote work has skyrocketed, with many organizations adopting remote work policies as a response to the COVID-19 pandemic. While this shift has brought about numerous benefits, including more flexible work schedules and reduced commute times, it has also posed significant challenges to the mental health of employees.
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 today’s globalized world, diversity, equity, and inclusion (DEI) are more important than ever. A company that fosters a culture of DEI is not only more socially responsible but also more productive and profitable. This is because DEI allows for a broader range of perspectives, experiences, and ideas to be brought to the table, which leads to more creative problem-solving and better decision-making.
It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved. Many scheme providers will include financial education and guidance on how best to benefit from the scheme. Having access to data and monitoring usage each month can help identify if employees are repeatedly drawing down on their wages in increasing increments.
Recruitment and hiring are fundamental processes for every organization’s success. However, despite efforts to improve diversity, equity, and inclusion (DEI) in the workplace, reducing hiring bias continues to be a pervasive problem. From unconscious bias in recruitment to affinity bias, there are many ways in which bias can seep into the recruitment process and lead to inequitable outcomes.
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!
Totara LMS (Learning Management System) is an open-source software platform designed for corporate training, online learning, and employee development. The platform offers a range of features and functionalities that allow businesses to create and deliver personalized learning experiences to their employees. Totara LMS is built on the Moodle platform and was specifically developed for enterprise-scale organizations.
Financial markets software and advisory firm LPA has hired Katrin Becker-Oligmueller (pictured) as global head of human resources to help drive its people agenda and advance its talent strategy. Based in the business’ headquarters in Frankfurt, Germany, Becker-Oligmueller will be responsible for leading its global HR function, including hiring, retaining, training and investing in employees, as well as helping to further drive its commitment to diversity.
The rise of remote work has led to a shift in the hiring process , with many companies now conducting interviews with prospective employees virtually. However, many hiring managers still require tips for interviewing remote workers. While the process may seem simpler and more convenient, it’s important for employers to create a comprehensive interview questionnaire that addresses key aspects of remote work.
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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