Sat.Jan 28, 2023 - Fri.Feb 03, 2023

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Confessions of a benefits manager: Candid helps with data audit

Employee Benefits

Data is misery. You would think with a central HR system like Choreday, we would have all the HR data we need. Well, think again. For some of our locations, the HR system is connected via payroll so naturally the salary and allowance data is correct; if not, people would soon shout that their pay is wrong. The problem comes in the locations where we do not have that link, usually acquisitions of some sort.

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Pros & Cons Of Auto-enrolling Employees In A 401(k) Program

Genesis HR Solutions

Should you auto-enroll your employees into your company’s 401(k) program? You don’t need to shake a magic eight ball to make a decision. Instead, take a look at the pros and cons, and then make an educated decision for your company. What is automatic enrollment? Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan.

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How to integrate employee benefits and company culture

Employee Benefit News

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Magazine Extra: Adapting Benefits to Today’s Multigenerational, Postpandemic Workforce

International Foundation of Employee Benefit Plans

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analysis on the latest benefit trends and compliance issues. Read more > The post Magazine Extra: Adapting Benefits to Today’s Multigenerational, Postpandemic Workforce appeared first on Word on Benefits.

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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.

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Where should employers draw the line with benefits provision?

Employee Benefits

If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much. Employers should consider whether they are offering benefits to be viewed as an attractive place to work or because they genuinely want what is best for their staff.

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Why price transparency rules won't fix healthcare

Employee Benefit News

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How To Automate Travel Expense Reporting in Enterprises

Darwinbox

Travel expense reporting is one of the most important administrative functions in any organization, but since it does not directly generate revenues, you need to keep it as lean and efficient as possible. This article explains how to automate travel expense reporting. It discusses why travel and expense automation is so important and the steps to expect as you go along this digital maturity journey.

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Pay transparency laws continue to spread across the U.S.

Employee Benefit News

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Future-proof your company with a disability management plan

Employee Benefit News

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Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration

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.

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The Curious Case of I-Bonds: Too Good to Be True?

Money Talk

I can’t think of any other investment, off the top of my head, where the rate of return earned two decades ago continues to directly influence what I receive today…with the exception of Series I-bonds issued by the U.S. Treasury. Of course, early compound interest earned also impacts later investment growth, but I’m talking about investment features per se.

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3 Ways to Improve Your Employee Retirement Benefits

Best Money Moves

3 ways to improve your employee retirement benefits. Retirement benefits are a vital tool for your workforce. Here are three key ways to support your team with better retirement options. Almost 4 in 10 employees say they’re not confident about reaching their retirement goals, according to a 2022 Bank of America report , and even more are unsure if they have enough savings to retire.

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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). 403(b) plans are similar to 401(a) tax-qualified defined contribution plans but sponsored by public schools or non-profit entities and subject to unique requirements under the Internal Revenue Code (the “Code”).

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5 apps to boost focus and output

Employee Benefit News

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HR’s Blueprint for a Successful 2025

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.

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HR Evolution Perspectives: Mapping the Evolution of HR in 2023 And Beyond

Darwinbox

With the world of work evolving constantly and at an unprecedented rate, HR evolution needs to happen at a proportional pace as well. Introducing Darwinbox’s flagship HR research study to help you navigate change and stay ahead of disruption.

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The Importance of Unlearning to Succeed at Work

HR Digest

Unlearning at work is a vital component of growth , and regardless of how we view it, it can’t be avoided. The workplace continues to change and evolve, therefore old methods of doing things are no longer solid and have become outdated. The workplace is constantly changing, and you need to be able to adapt if you want to stay competitive. But how do you keep up with the pace of change?

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Unique Vacations UK improves benefits as part of workforce investment

Employee Benefits

Unique Vacations UK (UVUK) is the UK sales and marketing representative for holiday firm Sandals and Beaches Resorts. The team, which comprises 48 employees, works closely with its sister firm Unique Caribbean Holidays (UCHL), which is the UK tour operator for Sandals and Beaches Resorts and employs 47 workers. In December 2022, UVUK and UCHL enhanced their parental leave policies to eight weeks at full pay for expectant mothers and fathers, for births or adoptions.

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How time blocking can improve your career and mental well-being

Employee Benefit News

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7 HR Priorities for 2025 to Supercharge Your Employee Experience

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.

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8 office etiquette expectations that are now history

Insperity

Whether your team is just starting return to the office or you have been on a hybrid basis for some time now, you may notice office etiquette is different than what it was traditionally. What changed? In general, employees definitely aren’t the same as they were before March 2020 when the pandemic brought much of the world to a standstill and skyrocketed remote work.

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Compliance TV: IRS Opens IRIS Portal to File Forms in 1099 Series

PayrollOrg

In this February 2023 edition of Compliance TV: IRS Opens IRIS Portal to File Forms in 1099 Series; IRS Posts Drafts of Form 941, Instructions, and Schedules; IRS Releases 2023 Publication 15-B; and more.

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27% find the workplace best to discuss mental health

Employee Benefits

More than one in four (27%) full-time employees find the workplace to be the best space in which to discuss mental health , according to research carried out for Time to Talk Day (Thursday 2 February). This was higher than talking about it at local cafes (21%), the pub or gym (17%) or a library (9%). The survey was conducted by Mind, Co-op, Rethink Mental Illness in England, See Me with Scottish Association for Mental Health, Inspire and Change Your Mind in Northern Ireland and Time to Change Wa

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Hiring strategies for a more diverse workplace

Employee Benefit News

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We’re Here to Help! How to Navigate Your Top HR Priorities

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

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45 Company Core Values Examples and Steps to Identify Yours

BetterUp

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Massachusetts Withholding Tables Will Not Be Updated to Reflect Millionaire Tax

PayrollOrg

Effective January 1, 2023, there is a 4% surtax on Massachusetts taxable income over $1 million that was passed by voters last year. The Massachusetts Department of Revenue does not intend to update the withholding tables to reflect the surtax.

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EMPLOYEE RETENTION STRATEGIES TO HELP YOU KEEP YOUR TALENT AND SAVE MONEY

Employee Benefits

“When you use a recruitment agency to find new talent, you can expect to pay between £10,000 and £12,000 in fees each time. Add in the hidden expenses associated with people’s time to support onboarding, equipment, and training, and that could cost could climb to £20-30,000 every time you bring someone new into your business”. Tom Nash, HR Business Partner, Sodexo Engage In this blog, we take a look at: why does employee retention matter, defining where you are, supporting employees during the c

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New year, new laws: The biggest employment policy changes coming in 2023

Employee Benefit News

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7 Common ACA Compliance Pitfalls and How to Avoid Them

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.