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Pre-payroll activities refer to the tasks and processes that need to be completed before running the actual payroll for employees. These activities are crucial for ensuring accurate and timely payment to employees and compliance with various legal and regulatory requirements. Here is a detailed overview of pre-payroll activities: Data Collection: The first step in pre-payroll activities is collecting all the necessary data related to employees.
International Foundation of Employee Benefit Plans
JUNE 20, 2023
Fertility and family-forming benefits are top of mind for many organizations, whether it’s to stay competitive in attracting and retaining key talent or match benefits to diversity, equity and inclusion (DEI) goals. Surrogacy reimbursement programs are one such benefit that may particularly […] The post Inclusive Family-Forming Benefits: Surrogacy Reimbursement Programs appeared first on Word on Benefits.
Student debt relief: 3 financial wellness benefits to support employees with student loans. Many employees struggle to manage their student debt. These 3 wellness benefits can help. In summer 2022, the Biden administration announced its one-time student loan relief program , intended to cancel student debt for Pell Grant recipients and middle-class families.
As an employer, it is crucial to consider the diverse needs and preferences of the workforce when designing a Paid Time Off (PTO) program. We, therefore, thought it might be fitting on our newest federal holiday, Juneteenth , to delve into the topic of selecting holidays for your PTO program, aiming to find a balance that pleases the majority of your workforce.
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?
Just under one in five (19%) of employees aged between 32 and 40 feel completely or somewhat prepared in terms of how they will fund their retirement , according to new research. Pension provider Aviva worked with UK economics consultancy WPI Economics on its new report Planning for retirement in the 2050s. It analysed the challenges facing those who are set to retire in the 2050s, aged 32 to 40 today, and explored the support and policies they need to manage their wealth in later life.
Every organization wants to get the most out of its employees. But viewing employee productivity as a simple equation of how many tasks are performed over X hours or days won’t get you very far. Real insight into productivity — and how to improve it at your company — requires assessing harder to measure aspects of each employee’s work, accounting for their specific role and responsibilities.
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Every organization wants to get the most out of its employees. But viewing employee productivity as a simple equation of how many tasks are performed over X hours or days won’t get you very far. Real insight into productivity — and how to improve it at your company — requires assessing harder to measure aspects of each employee’s work, accounting for their specific role and responsibilities.
The Great Resignation is over. Explore the current state of job opportunities, labor force participation, and pay growth as the labor market finally takes a breather. The post Shifting Dynamics: The End Of The Great Resignation appeared first on Wellable.
When designing and improving your company’s employee wellness program, it’s important to keep in mind that making it fun for your employees is not a nice-to-have; it’s essential. The post How to Inject Fun Into Your Employee Wellness Program: 5 Ideas & Techniques appeared first on Flimp.
For many, the Covid-19 crisis is starting to feel like a distant memory. However, there are still changes to the way we live and work today that were influenced by the restrictions that were put in place. The biggest example in employment law is the shift to working from home. Employers may be considering what changes need to be put in place to best support their staff with their mental health , including a review of flexible-working policies and arrangements.
In Churchill v. DBI Servs. , LLC, 2023 Fla. App. LEXIS 3648 (1st DCA, May 31, 2013), a Florida appellate court held that a 59-day delay between the first payment of medical benefits by the employer/carrier (“E/C”) and its written notice to the claimant that it was invoking “pay and investigate” privileges was not compliant with the pay and investigate provisions of § 440.20(4), Fla.
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 the wake of the COVID-19 pandemic, workplace wellness has taken on a whole new level of significance. Employers are increasingly recognizing the importance of supporting the physical, mental, and emotional well-being of their employees. As we step into 2023, several workplace wellness trends are emerging, reflecting a growing emphasis on creating a healthier and more fulfilling work environment.
Nevada recently became the first state to enact an earned wage access (EWA) law. It defines terms, requires EWA providers to be licensed in the state, and sets requirements for EWA services.
Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary designations are important estate-planning tools and should not be overlooked to make sure your hard-earned money gets passed down to those you select to receive it. Below are nine beneficiary “need to knows”: Beneficiary Types- Beneficiaries inherit assets when people die.
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.
When welcoming new employees into your organization, it’s crucial to provide them with the right guidance and support from day one. Two key processes that help achieve this are new hire orientation and onboarding. Although these terms are often used interchangeably, they represent distinct stages in the employee integration process. In this guide, we’ll delve into the differences between new hire orientation and onboarding, their significance, and best practices for employers to ensu
Hear from a panel of experts at the June 28 PayrollOrg webinar (free for members) It's Time to Dispel the Many Myths Surrounding Earned Wage Access, sponsored by DailyPay. Register today!
You don’t need to gather in yards or on rooftops to celebrate the Fourth of July this year. Our list of 15 “Best 4 th of July Office Party Ideas” will make you forget you’re missing those grills full of meat and coolers full of beer in your neighbor’s backyard. With so many of you working remotely it may feel as though there’s no much to celebrate. It’s totally understandable that you might want to celebrate July 4 th at work by NOT celebrating at all.
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.
wellEmployee satisfaction plays a crucial role in organizational success. A happy and engaged workforce leads to increased productivity, improved retention rates, and a positive work environment. One effective way to foster employee satisfaction is by encouraging workplace bonding. When employees feel a sense of belonging and connection, they are more likely to be motivated, collaborative, and loyal.
Stationary brand Papier has introduced a financial wellbeing platform for its 99 employees. The platform, provided by Bippit, gives employees access to one-to-one financial coaching with a professionally qualified Financial Conduct Authority (FCA) coach matched to their needs, after they answer questions about their financial concerns. The service offers tools for Papier staff to navigate the cost-of-living crisis, including personalised learning resources and money management plans, monthly web
The Fourth of July is a major holiday in the United States, and it’s often a time when employees take time off work. As an HR professional, you may be wondering how to handle employee absences on July 4. This article will provide you with tips on how to communicate with employees about their expectations, how to make sure that essential work is covered, and how to deal with any potential disruptions.
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!
Human Resources (HR) plays a critical role in the success of any organization by managing the most valuable asset: its people. Over the years, technology has revolutionized various aspects of HR, and one of the latest advancements making waves is Generative Artificial Intelligence (AI). Generative AI refers to the application of machine learning algorithms to generate new and original content.
One-third (33%) of employers will offer pay awards of 5% or more in 2023, according to research by ethical reward management consultancy Paydata. Its spring 2023 UK reward management survey, which surveyed HR and reward professionals across 208 organisations representing nearly half a million employees, also found that 37% will offer pay awards between 4%-5% in 2023.
In a concerning revelation, a recent report from Gallup has unveiled that job unhappiness has hit an all-time high. The study, based on data from Gallup’s State of the Global Workplace survey, gathered responses from over 150,000 employees across 155 countries. The results are troubling: only 33% of employees worldwide are engaged at work, showing emotional connection and motivation to excel in their roles.
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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