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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.
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.
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.
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?
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.
In this podcast we are joined by our HR Transformation Senior Manager Debbie Mitchell to talk about a book she wrote, called 50 Top Tools for Employee Engagement. The book discusses how you don’t need expensive interventions to achieve good employee experience. Chris speaks with Debbie as she explains some of the tools in the book. The post How can businesses improve employee motivation and productivity?
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In this podcast we are joined by our HR Transformation Senior Manager Debbie Mitchell to talk about a book she wrote, called 50 Top Tools for Employee Engagement. The book discusses how you don’t need expensive interventions to achieve good employee experience. Chris speaks with Debbie as she explains some of the tools in the book. The post How can businesses improve employee motivation and productivity?
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
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.
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).
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.
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.
International Foundation of Employee Benefit Plans
SEPTEMBER 6, 2022
In the beginning of the pandemic, employers struggled to determine whether workers who contracted COVID-19 qualified for disability protections under the Americans with Disabilities Act (ADA). More than two years. Read more > The post Magazine Extra: Long COVID and ADA appeared first on Word on Benefits.
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.
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.
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.
International Foundation of Employee Benefit Plans
SEPTEMBER 9, 2022
The recent ups and downs of the stock market and the economy can be dizzying. In the latest podcast episode, my colleague Justin Held got the opportunity to talk to. Read more > The post Talking Benefits Podcast: Riding the Investments Roller Coaster appeared first on Word on Benefits.
Atlas enables innovative companies to compete in a global economy, believing that businesses should employ whomever they want, wherever the talent exists. As the largest Direct Employer of Record (EOR), Atlas is a technology platform that is supported by experts and delivers flexibility for companies to expand across borders, onboard talent, manage compliance, and pay their global workforce without the need for a local entity or multiple third-party providers.
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.
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.
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 […].
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.
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!
Even though the majority of workers receive health insurance coverage on the job, a new survey has found that many of them understand surprisingly little about their health plans and are leaving money on the table. The “Health Insurance Literacy Survey” by Healthcare.com found widespread misunderstanding about how copays and deductibles work, and what premiums and benefits are.
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 […].
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.
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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