Money Talk
OCTOBER 10, 2024
Longevity risk is the possibility of living longer than expected and having adequate income/assets for an extended period of retirement. I recently attended a webinar that predicted future life expectancy will increase due to medical technology advances such as CRISPR (modifying DNA). The webinar also noted that many older adults no longer follow a linear lifeline (birth-school-work-retire-die) but, rather, a cyclical lifeline.
HR Digest
OCTOBER 5, 2024
Leaving the restrictive shackles of hustle culture behind, Gen Z workers are choosing to take the time they need for their personal well-being, regardless of whether they have permission to do it. If there is one thing this generation of workers understands, it’s carving out their own approach to a problem. According to a recent survey on workplace culture, Gen Z workers are more likely to turn to the “quiet vacationing” trend and take some unofficial time off for their mental well-being c
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Best Money Moves
OCTOBER 7, 2024
How to use benefits to stand out to top talent. Companies need a competitive benefits package to attract and retain top talent. Here are the standout benefits your employees are looking for. Offering a good salary isn’t enough to attract cream of the crop employees — top talent want an employer that’s invested in their development and wellbeing, both professionally and personally.
Employee Benefits
OCTOBER 9, 2024
Credit: Billion Photos/Shutterstock Need to know: Many employers are seeing a gap emerge between the benefits they offer and what employees actually want. Work-life balance, wellbeing and financial support are especially valued by employees. Employers need to talk to staff, offer them a degree of choice and then communicate the value of any offering.
Speaker: Kaitlin Ruby Carroll
Fertility benefits have become a crucial component of employee well-being and retention strategies. In today’s competitive landscape, creating a fertility benefits program that aligns with both employee needs and organizational goals can be more complex than it seems. From cycle-based to flat-dollar and telehealth models, each solution offers unique advantages and challenges that directly affect employee satisfaction and financial well-being.
Achievers
OCTOBER 10, 2024
Attrition rates are high, and engagement is low. Job seekers are prioritizing flexibility and job security after Covid-19 as companies are implementing engagement strategies to retain their workforce. In 2024, companies are facing increasing turnover as 59% of employees globally are “quiet quitting” , while 75% are considering leaving their jobs due to disengagement.
PayrollOrg
OCTOBER 10, 2024
On October 10, the Social Security Administration announced that the 2025 social security wage base will be $176,100, an increase of $7,500 from $168,600 in 2024.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Employee Benefits
OCTOBER 11, 2024
Employee Benefits Live 2024: Readily-available resources such as employee groups, benefit add-ons, signposting and desk drops are all budget-friendly options to help boost benefits provision , said Sarah Webb, pension and benefits manager at Channel 4. On the second day of Employee Benefits Live 2024 in a session titled ‘Crafting cost-effective pay and reward strategies: benefits on any budget’, Webb shared examples of initiatives in place at Channel 4 and ideas about cost-effective
PeopleKeep
OCTOBER 9, 2024
The qualified small employer health reimbursement arrangement (QSEHRA) is a game-changer for small businesses. It helps them attract and retain talent by providing a benefit that helps employees alleviate the burden of escalating healthcare costs. However, to truly benefit from this health benefit, you need to understand what qualifies as reimbursable expenses.
PayrollOrg
OCTOBER 9, 2024
Dayforce, in partnership with PayrollOrg, conducted the “Payroll Complexity Survey” to find out how the payroll complexity crisis is impacting today's payroll professionals.
Workplace Insight
OCTOBER 8, 2024
Millions of workers aged 57 and over in the UK are being overlooked for job opportunities, as employers increasingly consider this age ‘too old’ to hire, according to a new poll. The survey, conducted by Totaljobs , claims that a third of people over 50 worry they will struggle to find work due to age discrimination, with one in seven reporting being rejected for jobs because of their age.
Advertiser: Paycor
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Employee Benefits
OCTOBER 9, 2024
The employment tribunal judgment in the case of high street retailer Next serves as a reminder that roles that may seem very different can be compared against each other under equality legislation, to see whether they fall foul of equal pay requirements. In this case, more than 3,500 workers won a six-year legal fight for equal pay after accusing Next of paying its mainly female retail sales staff lower hourly wages than its warehouse workers, the majority of whom are male.
HR Digest
OCTOBER 8, 2024
Over 2,500 jobs saved, but over a 1,000 jobs lost. TGI Friday mass closure reports suggest that despite the rescue deal, not all of the company’s restaurants will continue to remain functional. According to the data, TGI Fridays has seen 35 restaurant closures across the UK with the administration working with landlords to find a way to save the restaurants that were closed down.
Florida Workers' Comp
OCTOBER 10, 2024
The world went crazy a few years ago. We all lived through the greatest disruption (yet) of the 21st century. A virus broke on the scene and the world of work was upended in many locales, perspectives, and worlds. Before this, we had all heard of the lucky ones who worked from home. But in SARS-CoV-2, a great many got to escape to their bat caves. While the OJCC never shuttered, never stopped, and never failed, a great many businesses and government agencies did all three.
Workplace Insight
OCTOBER 10, 2024
As AI continues to advance, navigating the balance between regulation and innovation will have a huge impact on how successful the technology can be. The EU AI Act came into force this summer, which is a move in the right direction towards classifying AI risk. At the same time, the Labour government has set out its intention to focus on the role of technology and innovation as key drivers for the UK economy.
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Amidst rising cancer prevalence and soaring costs, new cancer technologies and innovations are emerging to support the early detection, treatment, and surveillance of cancer. Read this guide to understand how to evaluate these solutions for your employees and members – and to learn more about the current state of coverage, clinical and cost effectiveness, and impact on quality and outcomes.
International Foundation of Employee Benefit Plans
OCTOBER 11, 2024
In light of the damage caused by Hurricane Helene and Milton, below are some tips for employers and plan sponsors for before, during and after the unfortunate event of a disaster. Not every disaster comes with a warning. Organizations can’t predict what […] The post Building Resilience: How to Prepare Your Organization for Disasters appeared first on Word on Benefits.
Employee Benefit News
OCTOBER 11, 2024
Employers can do everything from providing little moments of stress relief to stepping up during moments of significant stress to show their staff members they are valued.
PeopleKeep
OCTOBER 9, 2024
The traditional healthcare benefit options for employers remain group health insurance. But, group policies are difficult for small employers to offer. That’s why these business owners are turning to more cost-effective personalized benefits like the qualified small employer health reimbursement arrangement (QSEHRA). The introduction of the QSEHRA in 2016 gave small business owners access to an affordable and flexible health benefit.
Workplace Insight
OCTOBER 7, 2024
Following our recent attempts to create a rudimentary playlist of songs that tell us something, or perhaps nothing, about office design, office life and office furniture, here’s another look at how the parochial world of the workplace can brush up against popular culture. It does this unnoticed for most people, I suppose, but not for those of us bound up in this world.
Speaker: Debra Squyres and Todd Wuestenberg
Employee recognition has often been deemed a "feel-good" initiative, tied closely to rewards. While we understand its importance, we tend to associate recognition with intangible outcomes like engagement and sentiment, rather than direct impacts on retention and high performance. In today’s workplace, the true ROI of recognition lies in its ability to regenerate tangible, business-driven results.
Florida Workers' Comp
OCTOBER 8, 2024
It may be hard to imagine, but close your eyes and try. Ok, that didn't work because reading with your eyes closed is a feat for anyone. So, just imagine you have your eyes closed imagining that we could take a journey through the law and in the process look to Jackson Browne, Lisa Loeb, Rhianna, and Justin Beiber in one post. That is a pop-culture diversity that is tough to beat.
International Foundation of Employee Benefit Plans
OCTOBER 10, 2024
Today is World Mental Health Day, a time to recognize the importance of mental health and to reaffirm commitments to improving mental health through education, awareness and advocacy. Many plan sponsors look toward mental health trends to stay informed on strategies for […] The post 2024 Mental Health Trends: Leading Change Through Preventive Action appeared first on Word on Benefits.
InterWest Insurance Services
OCTOBER 8, 2024
Lately there’s been a series of massive cyberattacks on software that organizations use to run their businesses, causing major disruptions to companies — and sometimes hamstringing their ability to operate. The most recent example is the Crowdstrike cyber-security software outage that affected some 8.5 million businesses, most notably airlines, which had to cancel thousands of flights globally after their systems went down and they were unable to restart them.
Qandle
OCTOBER 10, 2024
Payroll is a crucial aspect of any organization, as it involves the compensation of employees for their work. However, managing payroll manually or without proper oversight can lead to errors, discrepancies, and even compliance issues. This is where a payroll audit becomes essential. Conducting a payroll audit helps businesses verify that their payroll processes are accurate, compliant, and efficient.
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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.
Florida Workers' Comp
OCTOBER 6, 2024
I was engaged in an interesting conversation with a student in a class meeting last semester regarding our court systems. I experienced some degree of resistance regarding the roles and course of trial courts versus appellate courts. I have often times explained distinctions that are important in court systems. Primary amongst these is the trial courts may find room to be court of “justice.
Employee Benefit News
OCTOBER 10, 2024
Companies should consider offering paid leave for employees who are victims of domestic violence and other serious crimes.
InterWest Insurance Services
OCTOBER 8, 2024
With 2025 just a few months away, it’s important that small employers understand their group health insurance reporting obligations under the Affordable Care Act as they changed at the start of 2024. Before 2024, only employers that sent out 250 or more Forms 1094-B/1095-B and 1094-C/1095-C were required to file them online with the IRS. But since early 2024 (and affecting the 2023 tax year), employers filing 10 or more ACA reporting forms have been required to file electronically.
International Foundation of Employee Benefit Plans
OCTOBER 8, 2024
With flu season upon us, employers are dealing with employee sickness and lost productivity. In addition to those issues, employers must also be ready to handle legal and policy questions about the flu at work. Here are the top seven questions employers […] The post Top Seven Questions Employers Are Asking About the Flu at Work appeared first on Word on Benefits.
Advertiser: Paycor
HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.
HR Lineup
OCTOBER 7, 2024
Business Process Automation (BPA) tools are essential for organizations aiming to streamline operations, reduce manual tasks, and optimize efficiency. In 2024, the market for BPA tools is brimming with cutting-edge solutions that harness AI, machine learning, and robotic process automation (RPA) to automate repetitive processes across various industries.
Employee Benefit News
OCTOBER 7, 2024
By steering patients to properly designed plans with the right incentives, employers can show those efforts have the best interest of health plan members in mind.
Insperity
OCTOBER 8, 2024
Change is an inevitable part of doing business. Among these changes that businesses undoubtedly will encounter at some point is the need to efficiently and quickly scale up. On one hand, this is a great position to be in. It usually means things are going well in that the market is favorable, your product or service is proven, customers are happy and demand is high!
PeopleKeep
OCTOBER 11, 2024
Employees that are happy and engaged at work drive better business outcomes. In fact, according to a 2020 Gallup study, highly engaged teams see a 23% increase in profitability and an 18% increase in productivity compared to teams where engagement and job satisfaction are low. Based on these insights, you would think that employee job satisfaction should be a top priority for employers.
Speaker: Miriam Connaughton and Donald Knight
As organizations scale, keeping employees connected, engaged, and productive can seem like a monumental task. But what if AI could help you do all of this and more? AI has the power to help, but the key is implementing it in a way that enhances, rather than replaces, human connection. Join us for an exploration into how industry trailblazers are using AI to transform employee experience at scale while addressing both the potential and the pitfalls.
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