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As a business owner, running errands is inevitable. But sometimes, you are too busy to make the run yourself. You might send an employee to pick up something or handle a task for you. If you find yourself counting on employees to use their personal cars for business, consider offering mileage reimbursement. So, what is […] READ MORE.
International Foundation of Employee Benefit Plans
SEPTEMBER 13, 2022
September is World Alzheimer’s Month, and the focus of this year’s month-long awareness campaign is the importance of support for people living with dementia and their families. Employers can take. Read more > The post Employer Support for Caregivers appeared first on Word on Benefits.
A treasure trove of advice from co-chairs of Achievers Proud: Trevor Cull, implementation manager, professional services, and Chantal Primeau, senior account manager, customer success. When you realize you don’t have all the answers, it’s the perfect time to begin. The DEI committee at Achievers strives to be known for its inclusive, adaptable, and socially equitable culture of belonging.
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?
One major blunder small business owners make is not paying their tipped employees the correct wages. And when it comes to you paying tipped employees overtime, things can get a little more complicated. So, are you using the correct overtime rate for your employees who receive tips? Read on to learn the right way to […] READ MORE.
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One major blunder small business owners make is not paying their tipped employees the correct wages. And when it comes to you paying tipped employees overtime, things can get a little more complicated. So, are you using the correct overtime rate for your employees who receive tips? Read on to learn the right way to […] READ MORE.
Bringing on top talent is tough. With over 4 million employees quitting their jobs per month, you might notice more candidates negotiating salary increase. Why? Because they can. Job seekers aren’t afraid to explore other options if you can’t provide the salary or benefits they want. Salary raise negotiation might make the difference between a […] READ MORE.
Recognizing the importance of work-life balance, many companies now implement flexible working hours for their employees. Gifts are no exception to this rule, with many companies having a yearly budget for their employees. This allows an employer to express gratitude and appreciation to their employee while also purchasing beneficial items. Here are four customized items […].
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.
Expanding your business to international markets can be an overwhelming and frustrating procedure. You see, every country has its business management and employment laws that you must be familiar with to ensure a smooth transition. With the challenges many employers undergo while expanding their businesses across the globe, seeking employer of record services will be of great importance. .
We’ve all seen alarming headlines about “The Great Resignation.” Some observers say it shows no signs of letting up. McKinsey recently called it the “quitting trend that just won’t quit.” And data confirms that the “big quit” is real. In May, the Bureau of Labor Statistics reported that the U.S. voluntary quit rate was 25% […].
When it comes to an employee termination, the steps leading up to the actual conversation might be the easier part. If you have a progressive discipline policy in place and you’ve followed all the appropriate steps leading up a termination , your move really shouldn’t come as a surprise to the employee. Even if they might be expecting it, how do you handle the actual conversation during which you deliver the unfortunate news?
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.
4 ways to help your employees tackle financial stress. Financial stress is on the rise among your employees. Here are 4 common financial problems facing your employees and how Best Money Moves can help. . Between rising housing costs and continued inflation, U.S. workers are facing financial stress on all sides. According to a survey conducted by SoFi at Work and Workplace Intelligence, employees spend around 25% of their work week worrying about money , resulting in significant productivity los
International Foundation of Employee Benefit Plans
SEPTEMBER 15, 2022
Cybersecurity should be top of mind for retirement plan fiduciaries, not only because the risks of a data breach or fraud are on the rise but also because the Department. Read more > The post Five Critical Components of a Cybersecurity Compliance Review appeared first on Word on Benefits.
Lately, you may have heard the buzzword quiet quitting. But what exactly is it if it’s not actually about leaving a job? An outgrowth of The Great Resignation, it’s a trend gaining traction on social media in which working professionals share their alternative to quitting their job outright. Even among quiet quitters, there’s a range of behaviors. These employees fall into one of these groups, which are progressively more extreme: “ I’m no longer going to stress out over my job and getting every
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.
Workplace potlucks are a great way to spice up desk lunches and promote team spirit all year long, especially during the holiday season. Confused about what to bring if your coworkers are hosting a Christmas team potluck? The following list of 30 Christmas potluck ideas for work is amazingly quick and easy. As soon as the Halloween decorations are taken down, you must begin planning for the holiday season!!
On August 25, 2022, the US Securities and Exchange Commission (SEC) adopted final rules to implement the pay versus performance disclosure requirement mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act added Section 14(i) to the Securities Exchange Act of 1934, which directs the SEC to adopt rules […].
Loan Officer Job Descriptions Salary and Interview Questions. If you want to hire a good loan officer for your mortgage company, you need to be upfront in your job description about what you expect. Just to weed out potential employees who can’t handle the job duties you need them to accomplish. Please continue reading to learn how to fill out your job descriptions, set your salary and interview questions.
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!
A hundred years ago, close to half of all doctor’s visits in the U.S. were house calls—physicians meeting patients in the patient’s home for discussion, diagnosis and treatment. But in the 21st century, the house call has become nearly obsolete—or has it? CVS Health, the parent company of the CVS pharmacies that dot intersections around the country, will now acquire Signify Health , a healthcare platform that aims to connect patients to care in creative ways, including through house calls.
Offering paid time off (PTO) is a benefit many small business owners extend to employees. Although the Fair Labor Standards Act (FLSA) does not typically require PTO, many business owners provide paid vacation and personal days. And, some employers may even offer unlimited PTO policies. Have you considered creating an unlimited PTO policy for your […] READ MORE.
On September 5, 2022, California Governor Gavin Newsom signed landmark legislation aimed at further regulating the working conditions and wages of California’s fast- food workers. This bill has immediate impact on certain employers and franchisors doing business in the Golden State. Assembly Bill (AB) 257, also known as the Fast Food Accountability and Standards Recovery […].
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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