Sat.Sep 07, 2024 - Fri.Sep 13, 2024

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Understanding employee turnover rates

Achievers

Employee turnover rates are a crucial metric for organizations to monitor, as they show how frequently employees leave the company. Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response. In this article, you’ll learn the common reasons for high employee turnover, how to develop an effective formula to measure it, and actionable strategies to mitigate it.

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A data-driven approach to health plan management for SMBs

Employee Benefit News

Information is being leveraged to inform and guide decision-making in the face of escalating healthcare costs without much transparency and accountability.

Insiders

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Redefining employee experience: What’s changed and why it matters

Insperity

Employee experience may sometimes feel like a buzz word to describe a never-attainable target of an ideal workspace where employees are happy, nurtured, fulfilled and productive 100% of the time. That sounds amazing, but it doesn’t really reflect the reality of focusing on employee experience or, more specifically, the evolution of employee experience and how to make strategic changes to nurture your workforce and move engagement – and ultimately your bottom line – in a positive direction.

IT 78
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ACA Affordability Percentage Increases to 9.02% for 2025

PayrollOrg

The IRS released its annual inflation adjustment to the percentage of household income used to determine whether an employer’s offer of health care coverage under the Affordable Care Act (ACA) is affordable.

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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Does The ICHRA Satisfy The Employer Mandate?

PeopleKeep

If the federal government considers your organization an applicable large employer (ALE), you’re subject to specific Affordable Care Act (ACA) rules. Navigating the ACA can be difficult, especially if it’s your first time. But, understanding the employer mandate is especially important to avoid steep penalties. The employer mandate requires ALEs to offer employee health coverage that meets specific affordability and value standards.

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Digital transformation efforts yet to translate into greater productivity at many firms

Workplace Insight

British and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024 , but this hasn’t yet translated into improved productivity or digital maturity. The poll of 600 decision makers in the UK and Ireland, now in its second year, reveals what it claims is a ‘stark productivity and efficiency paradox’ for employers, as well as a Catch-22 for workers.

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Engage in Peer-to-Peer Networking With New Global Forum

PayrollOrg

PayrollOrg is excited to announce the launch of The Global Forum, the newest addition to The Payroll Community. Learn how to use the forum to network with your global payroll peers, ask questions, and stay on the forefront of industry trends.

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Ovo awarded menopause-friendly accreditation

Employee Benefits

Energy supplier Ovo has been awarded menopause -friendly accreditation in recognition of its support for employees who are going through perimenopause and the menopause. In order to achieve accreditation, which was developed by Henpicked: Menopause In The Workplace, employers are assessed on their effectiveness in the areas of culture, policies and practices, training, engagement , and working environment by an independent panel.

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The naked truth about my HR nonprofit journey

Employee Benefit News

Devoting time and energy to making a social impact can be a highly rewarding experience whose mission, vision and purpose is greater than the individuals leading the teams.

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From Payroll Pains to Growth Gains: Streamlining Payroll & HR for Success

Speaker: Joe Sharpe and James Carlson

In the world of small business management, the challenge of managing payroll & HR efficiently while scaling operations can be overwhelming. Yet, with the right strategies in place, these challenges can become opportunities for growth and innovation. In this session, Joe Sharpe, Senior Director of Managed Payroll Services at IRIS, will reveal practical methods and expert insights for outsourcing and streamlining payroll processes, resulting in substantial time and resource savings.

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Generative AI will lead to a threefold increase in greenhouse gases from data centres

Workplace Insight

A new report claims that data centres will generate around 2.5 billion tonnes of greenhouse gas (GHG) emissions worldwide by the end of the decade. This figure is three times higher than it would have been had the rapid rise of generative artificial intelligence (AI) not occurred. The report, published by Morgan Stanley titled Global Data Centers: Sizing & Solving for CO2, suggests that the combined emissions from the construction of new facilities and their energy consumption will amount to

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Slip Slidin' Away

Florida Workers' Comp

The Point is back on Wednesday, September 18, 2024, at 13:00, Eastern. We will strive to identify clues and signs of people with cognitive or emotional challenges. We live in an age of significant life expectancy, and in a variety of jobs, many are working beyond traditional "retirement" ages. In addition, some perceive general increases in mental health issues across generational lines.

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Understanding Social Value in the Business World

Employee Benefits

Understanding Social Value in the Business World In today’s corporate landscape, companies are increasingly being called upon to deliver more than just profit — they’re expected to create positive impact for the environment, communities, and broader society. This is where social value comes in. What is Social Value? Social value is the broader impact an organisation has beyond its core financial performance.

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Prevent retirement-saving regrets with these tips

Employee Benefit News

Most Americans wish they had started saving for retirement sooner and that they hadn't withdrawn money early from retirement accounts, a recent study says.

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Plant the Seed for Successful Onboarding!

Our Free Welcome Email Templates (designed for both in-office or virtual employees) are ready for you to customize and use to plant the seeds of success for new team members.

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Traditional models of facilities management are no longer fit for purpose, report claims

Workplace Insight

facilities managmentWorkplaces need to be maintained and managed in a more agile and responsive way if they are to serve the needs of hybrid working and the so-called return to the office, according to new research from Colliers. Colliers Global Occupier Services’ new report Adaptive Facilities Management – a new vision in agility reveals traditional facilities management (FM) models, where services are delivered at fixed frequencies and costs, are no longer fit for purpose, due to occupancy l

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Dopey Vernacular

Florida Workers' Comp

I had the opportunity recently, at the Workers' Compensation Institute, to converse about a variety of issues with those who regulate Worker’s Compensation in America. The conversation eventually turned to dope, and there was great interest and entertainment found in the topic. Dope somehow persistently invades such conversations. There is some degree of academic interest.

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OKRs for Employee Engagement: A Powerful Tool (With Examples)

Vantage Circle

Did you know, Objectives and Key Results (OKRs) were initially popularized by tech giants like Google and Intel to drive business outcomes and enhance employee engagement. Since then, it has been adopted by companies across various industries, from startups to Fortune 500 corporations. The framework aligns individual efforts with organizational objectives, fostering a sense of purpose and measurable impact.

Health 83
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$0 copays and deductibles? Curative is helping companies make their healthcare plans accessible

Employee Benefit News

Curative, a healthcare services firm, is working to slash costs and encourage workers to seek treatment earlier.

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Engage, Empower, Excel: Transforming Performance in the New Era of Work

Speaker: Radhika Samant and Adri Glover

The world of work has fundamentally changed. The series of waves that the pandemic began have rippled through the Great Resignation, quiet quitting, the Great Regret, and other eloquent phrases that boil down to the same thing: people aren’t engaged at work or enabled to perform at their best. The truth is that engagement and enablement is more important than ever, but how we do it is the critical differentiator for many organizations.

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What we should learn from the sad story of Denise Prudhomme

Workplace Insight

I was chatting to somebody last week about the person in the US who died at their desk, unnoticed for over four days. The instinctive and understandable response was to ask if the story is apocryphal. Sadly, not. Sixty-year-old Denise Prudhomme had clocked into work at the Arizona office of Wells Fargo at 7 am on Friday, August the 16th. Her death some time that day went unnoticed until the following Tuesday afternoon, when a colleague discovered her body slumped over her desk in a cubicle.

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Teflon Flu

Florida Workers' Comp

In the realm of Worker’s Compensation, one of the most difficult topics to address is occupational disease. We are surrounded by a significant measure of potential irritants, pollutants, viruses, and more. Perhaps the most challenging element of these is their existence in a variety of locations in our daily lives. In the early days of my legal practice, I was embroiled in a massive volume of asbestos claims.

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IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs

International Foundation of Employee Benefit Plans

Section 110 of the SECURE 2.0 Act of 2022 allows employers to make matching contributions toward employees’ qualified student loan payments (QSLPs) to 401(k) plans, 403(b) plans and governmental 457(b) plans (and SIMPLE IRAs plans not summarized in this blog). Internal Revenue […] The post IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs appeared first on Word on Benefits.

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These resources can help workers recover from substance use disorders

Employee Benefit News

September is National Recovery Month. Is your workplace a supportive environment for people who need help with substance use disorders?

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How to Increase Diversity in Your Workforce Through AI Technology

Diversity and inclusion are crucial for building a strong and innovative workforce. Discover how AI technology can revolutionize your hiring process and drive diversity in your organization. Explore over 10 ways AI recruiting tools can help you identify a wider pool of candidates, enhance communication strategies, and eliminate unconscious bias. Embrace the future of recruitment and create a more diverse and inclusive workplace with AI technology.

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How To Create A Recruitment/Hiring Process Flowchart?

HR Lineup

In today’s competitive business environment, having a well-structured recruitment process is crucial to attracting and retaining top talent. A recruitment or hiring process flowchart is a visual representation that outlines each step in the recruitment process, helping HR professionals and hiring managers to streamline operations, improve efficiency, and ensure a consistent candidate experience.

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EEOC Issues Construction Industry Harassment Prevention Guidance

InterWest Insurance Services

The Equal Employment Opportunity Commission has issued new guidance for preventing harassment on construction industry worksites. The guidance, while not binding, can be used as a template for construction firms to implement anti-harassment policies. According to the EEOC, the industry has an especially high incidence of harassment complaints, and “some of the most egregious incidents of harassment investigated by the EEOC have arisen in the construction industry.” The nature of the

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Navigating Leadership Accountability in Recognition Practices

Vantage Circle

Reviewed by : Saurabh Deshpande - People Culture Expert Without accountability, there is no trust, and without trust, there is no leadership. – Dave Ramsey CEO - Ramsey Solutions, Finance Expert, NY Times Bestselling Author Effective leaders are those who not only hold themselves accountable but also ensure that accountability permeates throughout their organization.

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Why more companies should brace for ERISA lawsuits

Employee Benefit News

Troy Sisum, chief legal officer of Imagine360, explains how employers can avoid litigation over their health insurance plans.

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How To Empower Your Workforce With Modern Fertility Benefits

Speaker: Andrea Wuchiski

In an era where a workforce spans multiple generations, HR managers and Total Rewards leaders face the unique challenge of designing benefits packages that cater to diverse employee needs. This session will delve into how comprehensive fertility benefits can bridge generational gaps, support employees’ health, and enhance workplace satisfaction. Join us for an insightful session that highlights the strategic importance of fertility benefits in today’s competitive job market.