Sat.Sep 03, 2022 - Fri.Sep 09, 2022

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How inflation affects pay raises

Business Management Daily

If you work a job long enough, you eventually come to expect a salary increase, just as most companies expect to give you one. But what happens when the raise you receive ends up leaving you with less money than you had before? How is that even possible? One word: inflation. According to the Bureau of Labor Statistics , 2022 saw a historic rise in cost of living items across the board.

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All You Need To Know About Casual Friday: Its Benefits And Implementation

Vantage Circle

Friday marks the beginning of the weekend, the day employees anticipate the most after a long week. So much so that the last working day is now referred to as "Friyay" as a mark of celebration. This is where Casual Friday comes into the picture. Introducing the concept of Casual Friday will be the ideal way to kick off your employees’ weekend.

IT 81
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Your one-stop guide for business resilience planning

Business Management Daily

If the COVID-19 crisis taught us one thing, it’s the need for businesses to be resilient during uncertain times. After all, disruptive events can happen at any time — and they don’t always take the form of a global pandemic. Cyber attacks, supply chain issues, and other disruptions may be on a smaller scale, but they can still tank your business operations if you aren’t adequately prepared.

Insurance 115
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How to track employee productivity without crossing privacy lines

Employee Benefit News

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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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Short-term Disability vs. Long-term Disability

Patriot Software

As an employer, you recognize that your employees contribute to smooth business operations. What happens if an employee gets injured or ill and can’t work for an extended period of time? You and your employees need to know about short-term vs. long-term disability insurance. You can offer short-term and long-term disability insurance options for your […] READ MORE.

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In which conditions can the Payroll function thrive?

LACE Partners

Today marks the final day of National Payroll Week, a specific week in the year designed to champion those individuals who are so pivotal to how a business functions. To celebrate this we’ve been doing our bit this week to make noise about the profession, through some of our previous blogs, podcasts, as well as videos from some of our team. Earlier this year we spoke to Stephen Ousley from SD Worx about their whitepaper Reinventing HR , which focused on how HR has supported post-pandemic busines

Payroll 52
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4 ways to help all employees prepare for retirement

Best Money Moves

4 ways to help all employees prepare for retireme nt. Data suggests that most U.S. households are behind on retirement savings. Here’s how companies can help their employees prepare for retirement. . As a large number of Americans approach retirement age, many worry about rising costs. Employers are worried, too — 75% of employers fear that employees don’t have enough retirement savings , according to a TIAA survey and another 64% worry that employees may outlive their savings.

401(k) 115
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How to Inventory and Protect Your Digital Assets

Money Talk

Digital assets are any personal information stored electronically on any electronic device (e.g., laptop, tablet, cell phone) or “cloud” server. Many people have dozens, even hundreds, of digital assets that can be worth tens, if not hundreds, of thousands of dollars (e.g., bank and brokerage accounts, cryptocurrencies, and retirement savings plans).

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How to retain employees and thrive during the Great Resignation

Insperity

What began in late 2020 as a spate of post-pandemic turnover has quickly accelerated into a much larger and widespread phenomenon: what everyone now commonly refers to as The Great Resignation. These conditions have persisted for a few years now, and affect all industries and job categories. So what is going on? And how do you best protect your business.

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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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Is Paying Employees Cash Under the Table Legal?

Patriot Software

Some businesses prefer paying employees cash instead of other payment methods, like direct deposit or check. If you choose to pay cash wages, you are still responsible for depositing and reporting employment taxes. Paying employees cash under the table, or off the record, means you fail to pay and report taxes. Learn whether cash under […] READ MORE.

Taxes 105
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The Day I Uninstalled Apps

Florida Workers' Comp

There has been a suspicion for years that the convenience of our society had the potential to reap corresponding harm upon us. It is, as they say, both a gift and a curse. Allice Hoffman is credited with the quote "I really feel like the gift is also the curse. It's always half-and-half. Whatever brings you the most joy will also probably bring you the most pain.

Media 104
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Responsible Financial Innovation Act: Proposed Tax and Reporting for Digital Assets

McDermott Will & Emery Employee Benefits

On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced the highly anticipated Responsible Financial Innovation Act (the bill), which sets out to create the first complete regulatory and bipartisan framework for digital assets. The bill is intended to establish some legal clarity for regulators and the industry and to protect consumers […].

Taxes 98
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Long story short: Time to set boundaries with your employees

Employee Benefit News

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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.

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What Is Job Autonomy and Why Does It Matter?

HR Digest

Have you ever heard of job autonomy at work? It’s a concept that many people struggle to understand. But it’s important because it helps define what kind of work environment you want to be in — and what you can expect from your employer. Job autonomy is the extent to which employees can control their working conditions and how they do their jobs.

IT 98
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Do You Need to File Form 940? If So, Here’s How

Patriot Software

Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes. For each employee you have, you must pay a percentage of their wages for federal unemployment taxes, deposit the tax with the IRS, and report your tax liability on Form […] READ MORE.

Taxes 98
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What You Should Be Telling Workers About Monkeypox

McDermott Will & Emery Employee Benefits

What should employers be telling workers about monkeypox? In this Fortune article, McDermott Partner Michelle Strowhiro said the first thing is to make sure workers properly understand the signs and symptoms of the viral disease. “Now’s the time to evolve [your] COVID-19 policy into a greater safety policy that includes monkeypox, and covers the symptoms […].

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CEOs on Slack: Silence your notifications after work

Employee Benefit News

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7 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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What Makes a Bad Boss

HR Digest

What makes a bad boss? It’s a question that many of us have asked ourselves at some point, and it’s one we’ve all had to answer for ourselves. The truth is that there are plenty of good bosses out there—but there are also plenty of bad ones. If you’ve ever had a bad boss, or worse—a boss who was just plain mean to you—you know what it’s like to try and go to work when someone is making your life miserable.

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Seventh Circuit Provides Hope for ERISA Plan Sponsors and Fiduciaries Defending Investment Fee & Performance Litigation

Proskauer's Employee Benefits & Executive Compensa

The Seventh Circuit recently provided a ray of sunshine in what has largely been a gloomy stretch for plan sponsors and fiduciaries defending ERISA breach of fiduciary duty claims based on allegedly excessive investment and administrative fees and investment underperformance. In this particular case, Oshkosh emerged victorious with the Seventh Circuit affirming the dismissal—at the motion to dismiss stage—of claims that it mismanaged its 401(k) plan by paying excessive recordkeeping fees, faile

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How Does the FMLA Apply to a Remote Workforce?

McDermott Will & Emery Employee Benefits

The Family and Medical Leave Act (FMLA) was enacted in 1993, a year when the idea of working a corporate job from a living room was rare. When the law was passed, the FMLA didn’t contemplate a remote workforce. Now, and especially post-pandemic, many companies are embracing a fully remote workforce (e.g., sales representatives, healthcare […].

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Hilton and Marriott properties embrace on-demand pay to keep workers happy

Employee Benefit News

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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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15 Essential Exit Interview Questions Employers Should Always Ask

HR Digest

It’s hard to say goodbye to an employee — a very good one at that. But it can’t be stopped either, especially if they have made up their mind to. By asking the best exit interview questions, you’ll have a clear clue on how to prevent others from leaving and increase your retention rates. Employees tend to leave a company for various reasons. And that’s why exit interview questions are important.

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Information Returns Your Small Business May Need to File

Patriot Software

Every small business makes payments to operate. Some of these payments must be reported to the IRS or Social Security Administration (SSA). Companies must use information returns to report qualifying payments. Do you need to file an information return? Learn what information returns are, which common forms small businesses might need to file, and how […] READ MORE.

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Significant Changes to Construction Dual-Wage Classifications

InterWest Insurance Services

As inflation drives up salaries in all sectors, the workers’ compensation wage thresholds for construction dual class codes in California have increased as of Sept. 1, 2022. State Insurance Commissioner Ricardo Lara in July approved the recommendation by the Workers’ Compensation Insurance Rating Bureau to increase the wage thresholds for high-wage workers.

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Work stress is threatening to our health. Here's how I fight it

Employee Benefit News

IT 90
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7 Common ACA Compliance Pitfalls and How to Avoid Them

Managing ACA compliance is a major headache, especially in industries with complex schedules and regulations. Errors can lead to fines, legal battles, and strained employee relationships. Ways to Avoid Penalties & Fines: Non-compliance with Hours of Service (HOS) or misclassifying employees can lead to fines and legal issues. We offer tools to avoid these penalties and ensure regulatory alignment.