BetterUp
MAY 26, 2022
Jump to section. What are compensation and benefits in the workplace? Why are compensation and benefits important? What are the key components of compensation and benefits? Sample compensation and benefits package. How can you maintain compensation fairness? How to calculate compensation and benefits. How do compensation and benefits ensure the success of a business?
InterWest Insurance Services
MAY 23, 2022
While most organizations ramp up their benefits communications about a month before open enrollment starts, the efforts often drop off at the start of the year. That’s a shame because many employees are woefully unaware of how their benefits function and are often not taking full advantage of what their employer and they are paying for. Employees that don’t understand their benefits fully may end up paying out of pocket for services that are covered.
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HR Lineup
MAY 24, 2022
Including leave policies in workers’ compensation is one of the strategies to retain and attract top talent. One of the elements included in the leave package is volunteer time off (VTO), which has become an effective way for companies to encourage their employees to reach out to others in society. Note that VTO has many benefits not only for employees but businesses. .
HR Bartender
MAY 24, 2022
Estimated reading time: 6 minutes. (Editor’s Note: Today’s article is brought to you by our friends at ADP , a comprehensive global provider of cloud-based human capital management solutions. Industry analyst firm Nelson Hall recently identified ADP as a leader in both the small and medium business as well as mid to large market segments. Congrats to them!
Advertiser: Paycor
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?
International Foundation of Employee Benefit Plans
MAY 24, 2022
When asked how The Great Resignation of 2021 affected their organizations, one in three respondents indicated it is “somewhat or very difficult” to retain good talent (According to this Bamboo. Read more > The post Countering the Great Resignation Through Education appeared first on Word on Benefits.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
HR Lineup
MAY 22, 2022
The Covid19 pandemic erupted unexpectedly, thus leaving everybody anxious and terrified. In addition, workers operated organizational tasks remotely, and now that things are returning to normalcy, employers are wondering how to secure their staff and keep a healthy environment. In early 2022, the World Health Organization approved some working vaccines for the virus.
15Five
MAY 23, 2022
In May of 2022, we held our eighth annual all company retreat in Venice, Italy. These retreats are purpose driven events designed to bring every employee together, re-align them around our company mission and OKRs, and to allow for vulnerable connections in a beautiful setting away from office walls. This was without a doubt the best retreat that we have ever created. .
Insperity
MAY 26, 2022
If misunderstandings and interpersonal issues are fuel to the fire that is conflict in the workplace, what can be used to put out the flame? Or what could have been done to prevent the fire in the first place? Before answering those questions, ask: How did the fire begin? Typically, these type of relationship fires begin because of one missing element: trust.
HR Digest
MAY 22, 2022
1. What is financial wellness in the workplace? 2. How can financial wellness programs help employees? 3. What are the best financial wellness activities? Financial wellness programs can help ensure that your employees are more productive and efficient at work. These kinds of programs are designed to provide more job stability and savings options. Employees are more stressed about their finances in a post-COVID world, and they require reassurance regarding benefits and financial possibilities.
Speaker: Shawnequa Albert
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.
15Five
MAY 26, 2022
With today’s competitive talent market compounded by economic factors like high inflation, people leaders face tremendous pressure to create a competitive compensation strategy. Most employees want more from work than just a paycheck — they want community, purpose, career growth, and professional development. They also want fairness and equity, both in the way they’re treated and how they’re compensated. .
Insperity
MAY 24, 2022
Do you aspire to position your organization as an employer of choice ? While there are many steps to building that reputation over time, one accessible strategy that you can implement almost immediately is to establish an employee value proposition (EVP). In this article you’ll learn: What is an employee value proposition (EVP)? How does an EVP help position you as an employer of choice?
Business Management Daily
MAY 25, 2022
A positive mindset is typically seen as a desirable trait in the workforce across all professionals and job levels, but it’s often overlooked as a leadership skill. Positivity can help leaders create a better work environment, build stronger business relationships, and navigate the often tumultuous business landscape with an optimistic outlook. A positive outlook can also have internal benefits for leaders such as managing stress and avoiding burnout.
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McNees
MAY 25, 2022
Maryland and Delaware recently joined the growing list of states that have enacted legislation requiring employers to offer paid family and medical leave. Both states are still working on implementing regulations for the new laws; but, in the meantime, below is a brief summary of what you need to know about these laws and when they will take effect.
Vantage Circle
MAY 24, 2022
Imagine the resilience and power that a person would have even when after facing prejudice and hate their whole lives, they managed to be successful. That is why whenever we hear any quotes from black leaders, we stand up and take notice because that wisdom is priceless. The definition of a leader is arbitrary. For me, a leader is anyone who has inspired others to lead their life in a better way.
International Foundation of Employee Benefit Plans
MAY 26, 2022
On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5. Read more > The post Everything Plan Sponsors Need to Know About SECURE Act 2.0 appeared first on Word on Benefits.
McDermott Will & Emery Employee Benefits
MAY 26, 2022
Between March 9, 2022, and June 9, 2022, the US Occupational Safety and Health Administration (OSHA) will “expand its presence” in hospitals and skilled nursing facilities that treat COVID-19 patients and that were previously cited or issued Hazard Alert Letters for alleged COVID-19 violations. OSHA’s stated purpose is to “target[] high-hazard healthcare facilities” to “verify […].
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.
PeopleKeep
MAY 26, 2022
As a local veterinary clinic, it can be challenging to attract and retain employees in a tight labor market. Providing employee benefits to your staff is an excellent way to improve retention. However, many traditional employee benefits options can be too expensive or complex for vet clinics to administer. So, how do veterinarians provide quality employee benefits to their staff without breaking the bank or taking on too much work?
Flimp Communications
MAY 24, 2022
We studied over 200 open enrollment campaigns to help you understand how you stack up against others in your industry and how to improve your results this year. The post Open Enrollment Report 2021-22: Industry Benchmarks, Best Practices, and Tips for Better Results appeared first on Flimp.
InterWest Insurance Services
MAY 25, 2022
Engulfment risks are some of the most overlooked hazards in agricultural operations. The most common types of engulfment hazards are in grain silos, where a worker can quickly become trapped and buried by a sudden flow of grain. But there are also a number of engulfment hazards besides grain silos. Workers can also be engulfed by soil, manure or gravel, or submerged in a liquid such as water, wine or fertilizer.
McDermott Will & Emery Employee Benefits
MAY 24, 2022
Earlier this spring, McDermott Partner Erin Turley delivered a presentation about the impacts of recent Employee Retirement Income Security Act of 1974 (ERISA) litigation. Lawsuits now target both large and small employee benefit plans; plan sponsors are being sued and dragged into complex and lengthy litigation, thus changing the basic economics of the provision of […].
Advertiser: Paycor
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!
HR Professionals Magazine
MAY 24, 2022
By Jim Trujillo. As a team of 401(k) advisors focused on participant outcomes, we are constantly fielding financial related questions from employees seeking advice. Lately, one of the main questions asked has been “what do you think about cryptocurrency?”. My typical response is to hit them back with a reverse uno card and say, “tell me what you think about cryptocurrency,” because if you’re asking that question, you probably already have some thoughts.
Business Management Daily
MAY 24, 2022
In today’s constantly evolving business landscape, no company will last long without being adept at implementing change. Whether it’s a massive organization-wide transformation or a simple tweak to an HR policy — all change efforts require a clear vision, constant communication, and buy-in from every department. For example, the COVID-19 pandemic made change necessary for thousands of companies nearly overnight.
InterWest Insurance Services
MAY 23, 2022
Construction firms are reeling from snowballing costs of building materials due to spiking demand and supply chain snarls that are resulting in massive budget cost overruns. This is especially affecting construction businesses that are managing apartment or commercial projects. These cost overruns are imperiling profits — and risking red ink — on the projects after the contractors won carefully constructed bids.
PeopleKeep
MAY 25, 2022
With the number of job openings at its highest level in U.S. history amid a nationwide labor shortage, employers are looking for ways to get an edge over their competitors. Many organizations are exploring unique employee benefits programs and increasing compensation packages to attract and retain top talent. Offering your employees student loan repayment benefits can be an attractive way to recruit job seekers.
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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