Sat.Sep 16, 2023 - Fri.Sep 22, 2023

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Private medical insurance becomes most important employee benefit

Employee Benefits

Private medical insurance (PMI) has become the most important perk that employees look for in their benefits package, according to new research by Zest. The employee benefits technology platform’s findings highlight growing challenges in the UK around access to healthcare, as more people explore private provision as opposed to solely relying on public healthcare, due to growing waiting lists.

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12 types of employee stipends and examples of each

PeopleKeep

Offering robust employee benefits can greatly help companies that are looking to attract and retain top talent. In addition to offering traditional benefits like health insurance or retirement contributions, more employers are offering stipends to employees. These are additional funds an employer provides to cover specific employee expenses on a one-time basis or on a regular cadence.

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Why food access might be the next big thing in healthcare benefits

Employee Benefit News

Samantha Citro-Alexander, CEO of Bitewell, explains why food is essential to preventative care.

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Webinar Replay: SECURE 2.0 and the Impacts of Employer Matching for Student Loan Payments

McDermott Will & Emery Employee Benefits

Student loan debt is set once again to impact millions of American workers. Fortunately, starting next year, employers will have new ways to help employees navigate student loan debt. Provisions of the SECURE 2.0 Act will allow employers to provide employer-matching contributions based on their employees’ qualified student loan repayments outside the plan.

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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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How to Protect Yourself in Today’s Scary Economic Environment

Money Talk

I recently taught a class with the same title as this post. It began with a summary of recent “scary” economic events: recession fears, rising interest rates, bank failures, volatile stock prices, increased costs of basic expenses due to inflation, layoffs, low savings rates, increasing credit card APRs and household debt, housing unaffordability, and more.

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More Trending

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Limiting short-term health plans will limit patient and broker choice

Employee Benefit News

As many as 80% of short-term health plan enrollees say that affordable premiums are more important to them than comprehensive health benefits.

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Five Indiana Counties Have Income Tax Rate Changes Effective October 1

PayrollOrg

Effective October 1, 2023, the Indiana Department of Revenue revised Departmental Notice No. 1 to reflect income tax rate changes in Adams, Clinton, Dearborn, Henry, and Vanderburgh Counties.

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Two-thirds of UK staff do not feel connected at work

Employee Benefits

Two-thirds of UK employees do not feel a sense of connection and belonging at work, according to research by employee engagement and HR technology firm Reward Gateway. Its survey of 1,000 UK employees in organisations with a headcount of more than 100 also found that 24% of respondents often experience loneliness at work. Gen Z workers aged between 18 and 24 years were the most likely age group to feel this way,with 32% saying this is the case, despite 81% workers having a social network at work

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Workers increasingly concerned that AI will come for their job in the very near future

Workplace Insight

Two thirds of IT workers and nearly half of office workers think that generative AI may come for their jobs within five years, according to a new report from Ivanti. The poll of nearly 8,000 respondents worldwide also suggests that 57 percent of people report ‘serious friction’ with workplace technology at least weekly and 61 percent say negative experiences with work tech affects their morale.

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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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CVS, Peloton and DoorDash among top 25 companies offering hybrid jobs

Employee Benefit News

Every company on the list was recognized for having the highest number of hybrid job openings over the last 12 months.

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PayrollOrg Vice President Ronald Gilson, CPP, Selected to Serve on IRS ETAAC

PayrollOrg

PayrollOrg is pleased to announce that Vice President Ronald Gilson, CPP, was selected to serve on the IRS’s Electronic Tax Administration Advisory Committee.

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Santander and Thames Valley Police recognised at Menopause Friendly Awards

Employee Benefits

Banking organsiation Santander, Department for Education and Thames Valley Police were recognised at the 2023 Menopause Friendly Employer Awards. Hosted by Henpicked: Menopause in the Workplace and sponsored by HSBC UK, First Direct, Marks and Spencer Bank and Peppy, the awards were presented by broadcaster Louise Minchin last week. Now in its second year, the awards recognise organisations and individuals who have committed to provide support, solutions and resources to normalise menopause in t

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Remote and hybrid working may have significant impact on carbon footprint

Workplace Insight

Fully remote workers can have a 54 percent lower carbon footprint compared with fully in-office workers, and all forms of remote and hybrid working have the potential to cut emissions, according to a new study from researcher at Cornell University and sponsored by Microsoft. The authors conclude that lifestyle choices and work arrangements playing an essential role in determining the environmental benefits of remote and hybrid work.

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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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Open enrollment communications that rock

Employee Benefit News

In order to increase employee engagement, employers should identify the best way to relay benefit information.

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Ninth Circuit: Changes to a Services Agreement Require Consideration of Indirect Compensation

Proskauer's Employee Benefits & Executive Compensa

A recent Ninth Circuit decision has generated considerable controversy amongst employee benefits practitioners by holding that plan fiduciaries engaged in prohibited transactions when they amended the plan’s existing recordkeeping contract to add brokerage and investment advisory services. In so ruling, the Court remanded the case to the district court to consider whether the transactions fell within the exemption for reasonable service agreements and, independently, whether it was imprudent for

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Exclusive: RSPCA to discuss employee engagement at Employee Benefits Live 2023

Employee Benefits

Sarita Coleman, head of reward at the RSPCA, will present a session about employee engagement on the first day of Employee Benefits Live 2023. Titled Employee benefits: staff engagement is key , the session will cover employee benefits and the importance of staff engagement, how not to assume that all employees know what is available or relevant to them, how to look inwardly at existing offerings to avoid duplication and confusion, and that communication is king when it comes to maximising offer

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4 Steps for HR Leaders to Create a Culture of Belonging

15Five

Most people leaders today understand the critical importance of promoting equity and inclusion on their teams and building a more diverse workforce. But one letter usually missing from the DEI acronym that we believe should be included is B—for belonging. Even in organizations that prioritize DEI, too many people feel like they don’t truly belong at their workplace or can’t be their authentic selves at work.

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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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Innovation is a driving force behind mental health parity

Employee Benefit News

Hybrid plan designs that reduce out-of-pocket costs will make benefits more accessible and ultimately help level the playing field.

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The Power Of Health Coaching At Work

Wellable

Health coaching: A solution for rising healthcare costs, a workforce well-being booster, and an organizational savings driver. The post The Power Of Health Coaching At Work appeared first on Wellable.

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How to Implement Genuine Sustainability Initiatives at Work

Employee Benefits

What do you think of when you hear the term ‘sustainability’? Green plants filling the office, colour-coded recycling bins or an array of reusable coffee cups? There are many small ways we can take eco-friendly approaches within the workplace. But when we look at the scale of the climate crisis we’re dealing with, it highlights how important it is for businesses to take bold, direct action.

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Employee financial wellness: Why it matters in the workplace

Insperity

When you think about employee wellness, categories like physical, emotional and social probably first come to mind. But what is your organization doing to prioritize employee financial wellness? For employees, their personal financial wellness is an acute concern right now. So, what can employers do to address these mostly external factors that can impact employee wellbeing?

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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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How to make all your employees happy (enough)

Employee Benefit News

Despite age and diversity differences, these organizations are working to make all employees happy at work.

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A Look into House Efforts on Hospital and Health Plan Price Transparency

McDermott Will & Emery Employee Benefits

In the 118th Congress, the US House of Representatives is keenly interested in healthcare price transparency. Three House committees—Energy and Commerce, Ways and Means, and Education and the Workforce—each approved legislation that would advance price transparency objectives. Generally, these bills seek to codify (or modify) the requirements around hospital and health plan price transparency as […] The post A Look into House Efforts on Hospital and Health Plan Price Transparency appeared

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The one thing that will boost workplace productivity within days

Employee Benefits

The one thing that will boost workplace productivity within days It’s a common issue in today’s stretched workplaces. How can organisations get the most out of their workforce to hit company goals, while maintaining a happy, healthy workforce; avoiding overloading staff and potential burnout? It’s a tricky balance to achieve, but there is one small thing that could transform your employees’ productivity – with almost instant results.

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Amazing And Terrible: What It’s Like To Work With Elon Musk

Wellable

Working for Elon Musk: "amazing and terrible". Explore the dualities of Musk's leadership and learn lessons for success. The post Amazing And Terrible: What It’s Like To Work With Elon Musk appeared first on Wellable.

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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.