PeopleStrategy
JANUARY 17, 2024
Have you checked your calendars? With 2024 being a leap year, the return of Feb. 29 means more than an opportunity for HR-led initiatives to build morale. It also means you could end up paying salaried workers more if you haven’t already done some due diligence. Leap year impacts payroll, taxes, and benefits, all of which your payroll platform and other support services should be set up to handle.
Benefit Resource Inc.
JANUARY 16, 2024
Organizations are continuously looking for strategies to draw in and keep top talent in the highly competitive employment market of today. An excellent benefits package is one important component that is vital to this effort. Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two of the most effective instruments for optimizing health savings and financial flexibility for both employers and employees among the different components of a comprehensive benefits strategy.
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CorpStrat
JANUARY 18, 2024
In the ever-evolving world of business, companies face a multitude of challenges and opportunities. One crucial aspect often swept to the side is Employee Benefits. I would caution you not to overlook your Employee Benefits package as it can have a significant impact, both financially and culturally. An experienced Employee Benefits Broker can ensure you don’t get saddled with a bad plan and face major consequences.
Workers' Compensation
JANUARY 17, 2024
NJ Governor Phil Murphy signed A-5909/S-4267 , which revises workers' compensation coverage for certain injuries to certain volunteer and professional public safety and law enforcement personnel. The bill amends current workers’ compensation law to add that a response to an emergency, including work sufficient to cause certain injuries or death, is compensable.
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.
Employee Benefits
JANUARY 15, 2024
Employers could offer support through a midlife MOT, which provides a health and financial career check to help employees plan for retirement. Pre-retirement coaching can help to educate older employees on how to prepare for life away from work. Organisations can improve the recruitment, retention and development of older workers by signing up to the age-friendly employer pledge.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Employee Benefit News
JANUARY 18, 2024
It is more critical than ever to ensure that organizations and employees are protected from cyberattacks.
Workplace Insight
JANUARY 16, 2024
Henley Business School’s World of Work Institute has published a new report on what it calls The Omniployment Era The report claims to identify which what a post-Covid, post-Great Resignation workforce looks like. The study identifies six distinct worker ‘segments’* in the UK workforce and quantifies what attracts and retains them in jobs, and provides advice to businesses on how to build a strong workforce.
Employee Benefits
JANUARY 17, 2024
While automatic-enrolment has resulted in more individuals saving for retirement, it has created a separate issue that the Department for Work and Pensions (DWP) describes as ‘the proliferation of small pots’: the creation of multiple deferred pension pots , often low in value, when employees change employer. Lack of engagement with pensions has compounded the problem, with many individuals leaving their small pots behind rather than consolidating them, which can lead to poorer retir
Proskauer's Employee Benefits & Executive Compensa
JANUARY 16, 2024
Approximately one year after Congress enacted the SECURE 2.0 Act of 2022 (“SECURE 2.0”), the IRS issued Notice 2024-02 , which addresses SECURE 2.0 implementation issues and extends the plan amendment deadline. Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 overpayment and student loan repayment match details, which will hopefully be covered in a future IRS notice.
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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.
Business Management Daily
JANUARY 16, 2024
Even if there’s never been a violent incident at your workplace, you still need a functioning workplace violence prevention program. That’s especially true if your work involves certain risk factors like: Handling cash Working late at night Working in high-crime areas How do you know which preventive measures to implement? One of the best ways is to view actual workplace violence examples to learn what went wrong.
Employee Benefit News
JANUARY 18, 2024
From fully remote approaches to a commitment to hybrid, industry leaders share how they chose their policies.
Employee Benefits
JANUARY 18, 2024
Employees admitted they are more likely to consider work-life balance (93%) as important in a job than career ambition (70%), according to new Randstad research. The talent organisation’s latest Workmonitor report, which surveyed 27,000 workers in 34 markets across Europe, Asia Pacific and the Americas, found that staff thought flexibility of working hours (81%) and mental health support (83%) was more important in a role than progression.
Workplace Insight
JANUARY 19, 2024
It’s bitterly cold outside but over a glass of hazy IPA, Nigel Oseland and Mark Eltringham warm to a conversation about fish guts, the sounds that make us cringe, what comfort means to different people and what it would really take to get them to spend more time in the office. And it’s not free fruit, corporate sanctioned togetherness or quirky office features.
Advertiser: Paycor
The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.
Wellable
JANUARY 17, 2024
J.J. McCarthy led the Wolverines to victory in the College Football National Championship. Explore the power of meditation on the field and in the workplace. The post How Pregame Meditation Helped J.J. McCarthy Win A National Championship appeared first on Wellable.
PeopleKeep
JANUARY 17, 2024
In today's complex healthcare landscape, having a good understanding of health coverage and medical terminology is essential. One term that often comes up is copayment.
Employee Benefits
JANUARY 18, 2024
Credit: The Optagon Group Optagon Group has become employee owned through an employee ownership trust model. Based in Coventry, Optagon owns and operates brands such as flat roofing materials specialist Rubber4Roofs, Roof Depot, SkyGuard and Kitbuildr. Its 50 employees now own the majority of the firm and have a meaningful stake in its future success.
McDermott Will & Emery Employee Benefits
JANUARY 18, 2024
Following a dynamic 2023 coupled with a continually evolving legal landscape, employers may feel that they are left with more questions than answers. During a recent webinar, McDermott’s employment team took a dive into the most pertinent legal updates of 2023 and shed light on uncertainties to prepare employers for the year ahead. The discussion […] The post Global Labor and Employment Legal Update appeared first on EMPLOYEE BENEFITS BLOG.
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.
Employee Benefit News
JANUARY 17, 2024
From new video conferencing platforms to more responsive cameras, improving tech tools is critical for a blended workforce.
PeopleKeep
JANUARY 17, 2024
With the rising cost of healthcare, an increasing number of employers are turning to options like health reimbursement arrangements (HRAs) to provide quality health benefits on a budget.
Employee Benefits
JANUARY 17, 2024
More than two-fifths (43%) of employers offer no additional support beyond time off for bereavement , according to research by bereavement support firm Empathy. Its 2024 report The cost of dying, which surveyed 2,000 respondents who have experienced the loss of an immediate family member in the last five years, as well as more than 200 business leaders and HR professionals, also found almost two-thirds (62%) of organisations now have policies directly addressing bereavement.
McDermott Will & Emery Employee Benefits
JANUARY 16, 2024
On November 6, 2023, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule for the Medicare Advantage and Part D programs. Among other proposals, CMS proposed significant changes to longstanding rules on permissible payment structures for agents and brokers. Specifically, CMS proposes to prohibit “overrides” or administrative fees paid to agents and […] The post CMS Proposes to Prohibit Overrides in Medicare Advantage appeared first on EMPLOYEE BENEFITS BLOG.
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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
BerniePortal
JANUARY 18, 2024
Recruiting, acquiring, and keeping the right employees for your organization is the best way to ensure its success. SHRM calls sourcing and recruiting “the meat and potatoes of talent acquisition.” Without effective sourcing and recruiting, your organization is left hungry for talent.
PeopleKeep
JANUARY 16, 2024
Hiring qualified candidates in today’s competitive labor market is challenging. Traditional recruiting methods can be successful, but weeding through hundreds of applicants to find the perfect candidate costs you valuable time and money. One way to refine your search for the perfect candidate is with an employee referral program.
Employee Benefits
JANUARY 19, 2024
One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. Its Hiring trends index , which surveyed over 1,000 UK HR decision markers, also revealed that 29% of respondents cited securing another job with higher pay as the leading factor in resignations at their organisation between October and December 2023.
PayrollOrg
JANUARY 16, 2024
Sponsored by Alight, the free webinar “Striking the Right Balance: AI and the Payroll Professional” on January 23 at 11:00 a.m. ET explores the evolving relationship between artificial intelligence (AI) and payroll professionals.
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Managing ACA compliance is a major headache, especially in industries with complex schedules and regulations. Errors can lead to fines, legal battles, and strained employee relationships. Ways to Avoid Penalties & Fines: Non-compliance with Hours of Service (HOS) or misclassifying employees can lead to fines and legal issues. We offer tools to avoid these penalties and ensure regulatory alignment.
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