Sat.Jan 13, 2024 - Fri.Jan 19, 2024

article thumbnail

Leap Year Impacts Payroll and Benefits – Are You Up to Date?

PeopleStrategy

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.

Payroll 52
article thumbnail

Maximizing Health Savings and Financial Flexibility through a Well-Designed Benefits Package

Benefit Resource Inc.

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Every Company Needs a Good Employee Benefits Broker

CorpStrat

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.

article thumbnail

NJ Expands Compensation Benefits for First Responders

Workers' Compensation

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.

article thumbnail

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?

article thumbnail

Benefits to support an older workforce

Employee Benefits

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.

Pension 111

More Trending

article thumbnail

Free Webinar Explores Relationship Between AI, Payroll Professionals

PayrollOrg

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.

Payroll 260
article thumbnail

Employee Turnover vs Attrition

HR Lineup

In the ever-evolving realm of human resources, two terms frequently circulate – employee turnover and attrition. While often used interchangeably, these concepts hold distinct meanings and implications for organizations striving to build robust and sustainable teams. This article delves into the nuanced differences between employee turnover and attrition, shedding light on their impact, causes, and strategies for effective management.

article thumbnail

An Unconventional Way to Cruise: Seven Advantages

Money Talk

The Wall Street Journal recently published an article with an intriguing title: “The Secret to Sweet Dreams May Be Not to Sleep Together.” It described the not-so-uncommon situation of couples who sleep apart as a result of issues such as snoring, tossing and turning, insomnia, and CPAP machine noise. What happens, however, when couples who sleep apart at home (or friends) go on a cruise and are confined together to a 200 to 300 square foot cabin for days?

Finance 179
article thumbnail

How well do Starbucks, Amazon and Tesla treat employees? AI ranks best and worst companies

Employee Benefit News

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.

Software 312
article thumbnail

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.

article thumbnail

PayState Update Highlights State and Local Payroll Compliance

PayrollOrg

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.

Payroll 260
article thumbnail

Hybrid Work Model vs. Remote Work: What’s Better For You?

HR Lineup

The landscape of work has undergone a profound transformation in recent years, with the rise of remote work and the emergence of hybrid work models. The traditional 9-to-5 office routine has given way to more flexible arrangements, allowing employees to work from the comfort of their homes or adopt a combination of office and remote work. As businesses adapt to the changing times, the debate over which approach is superior intensifies.

article thumbnail

Emily Whitelock: Pots-for-life plan could pose risk to employee pension engagement

Employee Benefits

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

Pension 119
article thumbnail

How this company saved over $5 million with a self-funded health plan

Employee Benefit News

Nebraska Furniture Mart and Centivo teamed up to rethink their health plan design.

article thumbnail

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.

article thumbnail

SSA Provides Webinar on Updated BSO Registration Process

PayrollOrg

The Social Security Administration provided a webinar that explains how to register to use Business Services Online (BSO).

260
260
article thumbnail

What is Employee Commitment?

HR Lineup

Employee commitment is a vital aspect of any thriving organization. It goes beyond mere job satisfaction, encompassing a deeper emotional and psychological connection between an employee and their workplace. In today’s dynamic and competitive business environment, organizations recognize the significance of cultivating a committed workforce. This article delves into the intricacies of employee commitment, exploring its definition, factors influencing it, and the profound impact it has on o

article thumbnail

Employers must act to offer more choices to people

Workplace Insight

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.

article thumbnail

RTO or WFH? 6 leaders weigh in on what works best

Employee Benefit News

From fully remote approaches to a commitment to hybrid, industry leaders share how they chose their policies.

article thumbnail

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.

article thumbnail

Employees consider work-life balance more important than career ambition

Employee Benefits

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.

article thumbnail

What is HR Service Delivery? Definition, Models & Benefits

HR Lineup

In the dynamic landscape of human resources, the concept of HR Service Delivery has gained prominence as organizations recognize the need for efficient and streamlined processes to manage their workforce. This article delves into the fundamental aspects of HR Service Delivery, providing a comprehensive understanding of its definition, various models, and the associated benefits.

article thumbnail

Notice 2024-02: IRS Offers Guidance on (Some) SECURE 2.0 Questions

Proskauer's Employee Benefits & Executive Compensa

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.

401(k) 111
article thumbnail

How this consulting firm boosted retention via mentorship

Employee Benefit News

At OneDigital, a one-year mentorship program helps to retain new hires and tap future company leadership.

article thumbnail

10 HR Metrics for 2025: HR Data Toolkit

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!

article thumbnail

Optagon Group becomes employee owned

Employee Benefits

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.

Finance 110
article thumbnail

Notable workplace violence examples and how to prevent them

Business Management Daily

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.

article thumbnail

A hazy shade of Winter: Nigel Oseland sounds off on the Workplace Cocktail Hour

Workplace Insight

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.

article thumbnail

20% of applicants will change their names on resumes to avoid discrimination

Employee Benefit News

Employees are anxious that their names will reveal their race, gender or age and prevent them from getting a job.

article thumbnail

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.