Sat.Oct 05, 2024 - Fri.Oct 11, 2024

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Financial Planning for Longevity

Money Talk

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.

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Making Peace with Gen Z and their Quest for a Work-Life Balance

HR Digest

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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How to Use Benefits to Stand Out to Top Talent

Best Money Moves

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.

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How to overcome the disconnect between benefits on offer and what staff really want

Employee Benefits

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.

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We’re Here to Help! How to Navigate Your Top HR Priorities

Are you helping your people proactively plan for retirement? How are you prioritizing the mental health of your HR team? These are a few of the questions that HR professionals are seeking answers to today. Luckily, Gallagher’s consultants came together with four robust articles (and one infographic) that help address these pain points and provide you with proactive planning tips to help you simplify, personalize and create flexibility in your benefits offerings to help ensure your people thrive

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Insights into Major Global Organization Retention Rates

Achievers

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.

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UK’s best workplaces honoured at BCO Awards. And the winner isn’t an office

Workplace Insight

The British Council for Offices (BCO) has announced what it says are the UK’s most exceptional workplaces this year, with eight projects receiving accolades at its National Awards. The TTP Campus, a life sciences facility in Cambridgeshire, was the standout winner, claiming both the Best of the Best and Corporate Workplace awards. The awards, held at the JW Marriott Grosvenor House in London, celebrate excellence in office design, operation, sustainability, and community engagement.

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Keely Rushmore: What can employers learn from the Next employment tribunal judgment?

Employee Benefits

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.

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How companies can show employees they care

Employee Benefit News

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.

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New Research Explores How Payroll Leaders Can Overcome the Complexity Crisis

PayrollOrg

Dayforce, in partnership with PayrollOrg, conducted the “Payroll Complexity Survey” to find out how the payroll complexity crisis is impacting today's payroll professionals.

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4-Week Roadmap for New Hires

Nearly one-quarter of employees (23%) admit they’ve cried within the first week! Give new hires a positive start with this four-week onboarding roadmap. This schedule outlines all the turns, detours, and speedbumps new hires can expect in their first month. We’ve included suggestions for each week to help you make your new employees’ highway to success an easy road.

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Over 57 and looking for work? Forget it, say HR managers

Workplace Insight

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.

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Exclusive: Channel 4 draws on internal resources for budget-friendly benefit options

Employee Benefits

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

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TGI Fridays’ Mass Closures Reports Mark the End of 1,000 Jobs

HR Digest

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.

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Navigating HSA and FSA compliance: Key FAQs and common misconceptions

WEX Inc.

As we enter another season of open enrollment , one crucial topic is top of mind for many employees: HSA and FSA compliance. Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer some HSA and FSA FAQs.

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How to Make The Best Benefits Decisions for 2025's Workforce: An HR and Total Rewards Guide

Speaker: Kaitlin Ruby Carroll

Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha

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Striking the delicate balance of AI regulation and innovation

Workplace Insight

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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The Virtual Reality

Florida Workers' Comp

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.

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How precision medicine fulfills fiduciary role under CAA

Employee Benefit News

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.

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QSEHRA Eligible Expenses: What Can You Reimburse With a QSEHRA?

PeopleKeep

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.

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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Office design goes to the movies

Workplace Insight

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.

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Stay, Just a Little Bit.

Florida Workers' Comp

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.

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Why employers should add SAFE leave to their PTO options

Employee Benefit News

Companies should consider offering paid leave for employees who are victims of domestic violence and other serious crimes.

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10 Best Business Process Automation Tools in 2024

HR Lineup

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.

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Transform Employee Wellbeing and Control Costs Through Data-Driven Strategies

In today's dynamic business environment, HR leaders face immense pressure to optimize costs while maintaining a competitive edge to attract, retain and engage their workforce. Gallagher can help you meet that challenge head-on. Our proprietary data and people analytics platform, Gallagher Drive ® , provides the elevated insights you need to make impactful program decisions that are aligned with your organizational goals and set your strategy up for long-term success.

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Offering a QSEHRA vs. Group Health Insurance

PeopleKeep

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.

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Balance, Perspective, and Wheels?

Florida Workers' Comp

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.

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The Importance of Payroll Systems in Conducting Thorough Payroll Audits

Qandle

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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Types of HR Operating Models

HR Lineup

Human Resources (HR) is the backbone of any successful organization, as it manages the most valuable asset of any business—its people. To efficiently and effectively serve an organization’s needs, HR departments must adopt operating models that are tailored to align with the company’s strategy, size, and workforce requirements. In this article, we will explore the different types of HR operating models, their advantages, disadvantages, and key considerations for choosing the right model for your

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The Diversity Reckoning: Can HR Survive Without New Perspectives?

Speaker: Jeremy York

2024 has tested every organization, and 2025 promises no less - the warning signs are everywhere. If you’re relying on superficial approaches to diversity, you might find yourself scrambling to catch up. Thought diversity - the fuel for new ideas, fresh perspectives, and disruptive innovation - is more than a buzzword. It's a survival strategy. And if you’re not building it into your workplace culture right now , you’re heading for trouble.