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.

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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.

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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.

IT 118
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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.

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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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$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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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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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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Reskilling: Prepare your workforce for the future of work

Business Management Daily

According to the World Economic Forum (WEF), the world has desperately needed a reskilling revolution since 2020, and the problem has only been exacerbated in the years since the pandemic. Why is that? There are many reasons, including new technology like artificial intelligence, a retiring workforce, the prevalence of remote work, and Industry 4.0 (the Fourth Industrial Revolution).

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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!

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5 good habits essential for a successful career

Employee Benefit News

A workplace expert shares how improving workplace routines is crucial to finding long-term success.

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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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The Advantages of HRMS Leave Management for Scalable Business Growth

Qandle

As businesses grow, managing employee leave becomes increasingly complex. What starts as a simple task can quickly turn into a logistical headache, particularly when dealing with a large and diverse workforce. This is where HRMS (Human Resource Management System) leave management comes into play. An efficient HRMS leave management system not only streamlines the process of handling employee leave but also supports business scalability.

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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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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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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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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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U.S. Legislative Process: How a Bill Becomes a Law

International Foundation of Employee Benefit Plans

In March 1976, Saturday morning television featured a new video segment called “I’m Just a Bill” that used a fun cartoon aimed at children to visualize the complex path of the U.S. legislative process and describe how a bill becomes a law. […] The post U.S. Legislative Process: How a Bill Becomes a Law appeared first on Word on Benefits.

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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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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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25 companies with the most remote job openings

Employee Benefit News

Looking for a job that lets you work remotely? Check out these employers for flexible opportunities.

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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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Median pay award falls to 4% for three months to July

Employee Benefits

The median pay award across the economy fell to 4% in the three months to July 2024, down from 4.8% in June, according to research by Incomes Data Research (IDR). Its latest analysis, which is based on a sample of 39 awards between 1 May and 31 July 2024, covering more than 700,000 employees, found that this was the result of a downward shift, as fewer employers paid increases worth 6% or more.

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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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4 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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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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Firms are optimistic about AI, but most have little idea what to do with it

Workplace Insight

Despite high levels of optimism about their adoption of artificial intelligence, two thirds of firms say they are not ready to implement AI in projects yet, according to a new poll. The Riverbed Global AI & Digital Experience Survey suggests that while 94 percent of those surveyed say AI is a top C-Suite priority and 91 percent agree it provides a competitive advantage, only 37 percent are fully prepared to implement projects now, However, 86 percent of leaders say they expect their organis

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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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Next-Gen Support: Transforming Customer Experience with Speed and Precision

Darwinbox

We’re pleased and quite excited to share that we’ve updated and enhanced our Customer Support function to solve for greater speed, transparency, and making deeper expertise available to you. While continuing to innovate to ensure that you, our customer, get top-quality and timely support for your queries and issues, the ongoing enhancement of our offering is highly dependent on YOUR input.

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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.