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Pay frequency is one of the first decisions you must make when you hire your first employee. If you haven’t thought about payroll frequency, now’s the time to start. Employee satisfaction, legal compliance, and cash flow may depend on it. If you’re asking yourself what is pay frequency, no worries. You’re likely already familiar with […] READ MORE.
Today’s job seekers are looking for a lot more than just a pay bump. Salaries matter, but if given the choice between working at an organization that offers higher pay and one with a reputation for providing a variety of exceptional incentives and other forms of recognition, many employees would choose the latter. That’s why taking a holistic approach to the value your company offers employees — rooted in the concept of total rewards — is so important when it comes to attracting, engaging, and r
Thanks to several technological innovations, the modern hiring procedure is simple. It used to take a lot of time and effort to screen resumes and engage candidates in the hiring process, and even then, recruiters still made mistakes. The hiring process is now efficient, and talent management’s role in attracting and communicating with candidates has changed dramatically, according to firms that have incorporated artificial intelligence (AI)-driven technology into their recruitment strateg
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?
As I wrote in my book, Flipping a Switch , the investment firm Nuveen, many years ago, created the advertising slogan “It’s not what you earn, it’s what you keep.” This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing.
Once upon a time, a significant percentage of organizations had policies against re-hiring former staff. These are people the HR community brands ‘boomerangs.’.
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Once upon a time, a significant percentage of organizations had policies against re-hiring former staff. These are people the HR community brands ‘boomerangs.’.
Since the Supreme Court’s ruling in Fifth Third Bancorp v. Dudenhoeffer , courts around the country have overwhelmingly rejected ERISA fiduciary-breach claims by 401(k) plan participants seeking relief related to investments in company stock funds. The Seventh Circuit recently continued that trend by affirming the dismissal of claims brought by participants in the Boeing 401(k) plan, but did so on grounds that (i) the fiduciary responsibilities associated with the company stock fund had been de
The market is now saturated with an abundance of employee survey tools and software. Perhaps you’ve already tried a few but experienced much lower than anticipated response rates. Or maybe you aren’t seeing significant outcomes. Some of these surveys are valid and valuable. A few are convenient for employees to take. But how many truly measure employee engagement and will it result in a significant increase?
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.
Summary: What is the difference between employee engagement and employee experience? How do they both affect your business? How to measure them in your workplace. Tips for improving engagement. Ready to see how rewards can benefit the employee experience? EMPLOYEE Engagement vs Employee Experience - and the Importance of Getting Both Right. Here at Sodexo Engage we talk a lot about employee engagement.
On August 3, 2022, in a welcome and surprising move, the IRS released Notice 2022-33 , providing for an extension for qualified retirement plans to adopt amendments under the Setting Every Community Up for Retirement Enhancement Act of 2019 (“ SECURE Act ”), the Bipartisan Miners Act of 2019 (the “ Miners Act ”) (which provided defined benefit plans with an optional reduction in the minimum age for in-service distributions from age 62 to 59½), and the Coronavirus Aid, Relief, and Economic Securi
About Houwzer. Houwzer is a modern, socially responsible real estate and mortgage start-up with employees all over the US. Unlike traditional brokerages, Houwzer employs salaried real estate agents and mortgage advisors, which requires a more stringent approach when it comes to monitoring individual performance. Want to learn more about 15Five? Click here to book a demo !
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.
International Foundation of Employee Benefit Plans
AUGUST 2, 2022
The uncertain financial world of today is increasing the concerns of an already stressed workforce. A new International Foundation of Employee Benefits Plan study, Workplace Wellness and Financial Education Programs: Read more > The post Workers Are Stressed Out About Money: 5 Tools to Help appeared first on Word on Benefits.
In January 2021, I published Then Arrested. It essentially described "the next chapter" in a story of an attorney in south Florida. It was a follow-up on A Disciplined Attorney and Repercussions (September 2018). In that situation, the news reported that in 2018 an attorney asked the Florida Supreme Court to disbar him. A June 2018 order granted that request.
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.
International Foundation of Employee Benefit Plans
AUGUST 4, 2022
As the global impact of climate change grows, environmental, social and governance (ESG) factors have become a core consideration for pension funds. ESG issues and concerns can no longer be. Read more > The post Protecting Pensions and ESG Risks appeared first on Word on Benefits.
We have all heard that the most important thing in business—is the golden rule—which is to treat people the way you want to be treated. But does the platinum rule suggest that? Well, we don’t think so. . It’s easy to get caught up in the day-to-day, getting through your tasks and projects, and not taking the time to think about how your actions impact others.
Call for cashiers to be allowed to sit on the job. Cashiers in US supermarkets should be allowed to sit on stools or seats while working – but they don’t under current working practices, claims The Press Herald. It notes that cashiers in supermarkets around the world are routinely allowed to sit, even though US workers do not (the only exception being German-based Aldi, which operates some 2,000 stores in the United States, and uses European-style checkouts, allowing its employees to sit).
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!
As the 2023 group health open enrollment season nears, more employers have heard concerns among their staff and are focusing on affordability and easier access to health care services, according to a new study. Mercer’s “Health & Benefit Strategies for 2023” study, which surveyed more than 700 employers, found that more than two-thirds of businesses are planning to improve their health benefit options to better compete for talent.
On July 27, 2022, Senate Majority Leader Schumer and Senator Manchin announced a surprise agreement to move forward with an expanded reconciliation bill titled the Inflation Reduction Act (summary here). The tentative deal includes drug pricing, climate and tax provisions, and expands upon a previous “healthcare-only” version of the reconciliation package that focused solely on drug pricing and a […].
Have you ever found yourself sitting in the parking lot dreading going to work? Does thinking about work make you physically ill? Did you ever consider quitting a job you once enjoyed? You may have experienced a toxic work environment. The problem is prevalent, with more people dealing with it than you think. Since most of us spend about half of our waking hours at work, there’s plenty of time for workplace dysfunction to emerge.
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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