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.
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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
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.
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.
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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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.
PayrollOrg
JANUARY 15, 2024
2024 launches a new year of PayState Update, the only biweekly eNewsletter in the industry dedicated exclusively to state and local payroll compliance news and issues. Find out the latest developments subscribers have been receiving.
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 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.
Speaker: Kaitlin Ruby Carroll
Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha
PayrollOrg
JANUARY 15, 2024
The Social Security Administration provided a webinar that explains how to register to use Business Services Online (BSO).
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.
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.
Advertiser: Paycor
Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!
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.
Employee Benefit News
JANUARY 18, 2024
It is more critical than ever to ensure that organizations and employees are protected from cyberattacks.
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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In today's dynamic business environment, HR leaders face immense pressure to optimize costs while maintaining a competitive edge to attract, retain and engage their workforce. Gallagher can help you meet that challenge head-on. Our proprietary data and people analytics platform, Gallagher Drive ® , provides the elevated insights you need to make impactful program decisions that are aligned with your organizational goals and set your strategy up for long-term success.
Workplace Insight
JANUARY 16, 2024
A new poll from WorkL claims that half of employers believe that Generation Z is not entering the workplace well-equipped with the skills and knowledge needed for their roles. The annual WorkL Global Workforce Report 2024 suggests that mentoring initiatives are being implemented by employers to support Gen Z, with four in ten employers taking the step.
Employee Benefit News
JANUARY 17, 2024
Permutable AI used its software to assess which companies make news for upholding — or failing — to meet labor standards set by ESG and UN criteria.
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.
15Five
JANUARY 18, 2024
Excessive turnover can cripple an otherwise healthy organization. While all organizations have to accept some level of turnover, too much of it can significantly affect performance. Not only can replacing an employee cost 33% of their annual salary , but watching people leave constantly can tank morale for everyone else. That’s why knowing what a turnover rate is and keeping track of it is important for HR departments.
Speaker: Jeremy York
2024 has tested every organization, and 2025 promises no less - the warning signs are everywhere. If you’re relying on superficial approaches to diversity, you might find yourself scrambling to catch up. Thought diversity - the fuel for new ideas, fresh perspectives, and disruptive innovation - is more than a buzzword. It's a survival strategy. And if you’re not building it into your workplace culture right now , you’re heading for trouble.
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