Sat.Jan 14, 2023 - Fri.Jan 20, 2023

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Cost-Effective Employee Benefits: How to get more for less

Sodexo Engage

Summary:

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Employee Benefit Plan Limit for 2023

CorpStrat

Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans.

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10 health reimbursement arrangement FAQs

PeopleKeep

Gaining in popularity as a type of consumer driven health plans (CDHPs), health reimbursement arrangements (HRAs) allow employees to take better charge of their healthcare and budget for themselves and their families. HRAs have similar regulations as other tax-advantaged health benefits, like health savings accounts (HSAs) and flexible spending accounts (FSAs).

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Growing Risks of Benefits, Payroll Platforms

InterWest Insurance Services

There is a growing threat to companies that use online services to administer their employee benefits and payroll as cyber criminals increasingly exploit these cloud service platforms. The results of a hacker gaining access to the company’s payroll systems, sloshing with cash, as well as employees’ personally identifiable information can be devastating both to the employer as well as its workers, according to a blog by the law firm McLane Middleton.

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The HR Leader’s Workforce Management Guide

In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.

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Health savings accounts — benefits worth fighting for

Employee Benefit News

More Trending

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Ten Upsides of Inflation

Money Talk

The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% in June and a still-high 6.5% CPI at year-end. Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. What often gets lost in conversations and media reports about inflation are the ways that some people can benefit from it.

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Besides Health Insurance and 401(k)s, These Are the Benefits Employees Value Most

InterWest Insurance Services

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. But for the first time, the annual study by employee benefits provider Unum found that the younger generations are not on the same page with their older peers when it comes to what they value most in their benefits package. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vi

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How sustainable are employers’ pay strategies?

Employee Benefits

Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up. Unless changes to pay strategy are underpinned by a clear rationale and aligned to a well-thought through reward initiative, they are at risk of being unsustainable in the long-term. Alongside one-off payments and pay rises, employers may want to consider investing in a long-term strategy to ensure the financial wellbeing of their employees.

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Changes in Management HR Should Consider In 2023

HR Digest

It’s no news that the business world will experience changes in management in 2023. And HR is going to have to keep up. The new year is here, so it’s time for HR professionals to start thinking about how they’ll be ready for the future. HR leaders are always looking for ways to improve their employees’ lives and the company’s bottom line.

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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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5 things employers should know about caregiving and remote work

Employee Benefit News

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Trauma in the Workplace: What It Is And 5 Ways Leadership Can Help

BetterUp

Jump to section What is trauma in the workplace?

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How to design pension communications to engage younger workers

Employee Benefits

One effective way in which employers can help drive employee engagement with pensions is by ensuring ease of access, so they can engage more easily and more regularly. Different age groups will ultimately respond to information in different ways, so employers should consider using different methods of communication according to employees’ preferences.

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Driving Success through the Employee Experience

HR Digest

What you realize is that it isn’t always the big, new, shiny initiatives that make the biggest difference. People want to be treated with respect, they want to feel included as part of the team, and they want to have opportunities to learn and succeed. The HR Digest: “At McDonald’s, we believe that serving up a best-in-class customer experience starts first with ensuring an exceptional employee experience.

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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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3 ways to maximize Financial Wellness Month in the workplace

Employee Benefit News

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Darwinbox and Microsoft redefine the future of work

Darwinbox

2023 promises to be an exciting year. We’re witnessing a radical shift in the way we work, the way we organize ourselves, and how we collaborate. As we enter the new year, we’re delighted to share with you that Microsoft has made a strategic investment in Darwinbox to work jointly on technology innovations that shape the future of work. This partnership is amongst the first of its kind in the global HCM market.

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PepsiCo and Pfizer named Top UK Employers 2023

Employee Benefits

Image credit: 8ED8 / Shutterstock.com. Food and drink manufacturer PepsiCo UK and pharmaceutical firm Pfizer UK have made the Top UK Employers list for 2023. The Top Employers Institute compiled the list by reviewing HR policies and people practices across organisations around the world, including 99 UK organisations. In order to achieve certification, participating organisations’ HR practices were assessed by the institute through its HR best practices survey.

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Transparency and Trust: The Cornerstones of Chanel’s HR Strategy

HR Digest

Being an inspiring leader means understanding what it takes for your colleagues to be a daughter or a son, a sister or a brother, a spouse or a companion, and so much more outside of work, as well as their professional métier. The HR Digest: You have stated several times that “leaders should connect with employees personally, even if it means sacrificing the company’s productivity time.” Why do you believe this is important as a CHRO?

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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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Hardship withdrawals are threatening retirement security

Employee Benefit News

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All You Need To Know About Sales Incentive Programs In 2023

Vantage Circle

When it comes to sales incentive programs the first thought in your mind is monetary incentives. However, that is not all there is to incentive programs. Let’s find out more about sales incentive programs and how to design and implement them to benefit your organization. What Is A Sales Incentive Program? Sales incentive programs are systems developed by businesses to compensate salespersons for achieving certain specific goals.

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Top tips to help new parents stay in control of their finances

Employee Benefits

Expecting a baby and planning maternity or parental leave is an exciting time, but it is also important to consider the financial impact that a new arrival can bring. As the cost of living crisis continues, it is now more important than ever that new parents understand how their finances will be affected and what actions they can take. WEALTH at work, a leading financial wellbeing and retirement specialist, highlights some top tips to help new parents stay in control of their finances: 1.

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Leading the Charge for Sustainable and Inclusive Supply Chains

HR Digest

I believe high performing leaders needs to have a well-rounded skillset to lead effectively in the current environment, and the ability to flex and lean in on different capabilities depending on the situation. The HR Digest: C. H. Robinson recently received its World Finance Sustainability Awards 2022. How do you think it was possible and what were the steps you took as a CHRO to motivate employees to work as a team and achieve it?

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Why (and How) to Switch to a New HR & Payroll Platform

Speaker: Speakers:

HR and payroll impact every aspect of your business. Choosing the right provider is one of the most important decisions you’ll make. Before you decide, hear first-hand customer accounts in Paycor’s webinar to learn: The three most important things to look for when switching. How to begin your search. What are some of the red flags?

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10 companies that hired the most tech talent in 2022

Employee Benefit News

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Magazine Extra: Benefits Touch Points—Communicating When It Matters

International Foundation of Employee Benefit Plans

As a benefits professional, you often wear many hats, and communications could be one of the more challenging roles you encounter. You’re required to not only inform but inspire employees. Read more > The post Magazine Extra: Benefits Touch Points—Communicating When It Matters appeared first on Word on Benefits.

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Siemens encourages young staff to start building up pension contributions

Employee Benefits

Global technology organisation Siemens, which employs approximately 7,000 employes in the UK, believes it is important for its younger employees to understand that pension saving is most effective when they start early on. This gives them more time to build up contributions and investment returns, and make the most of the employer contributions on offer.

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Elevating Your Brand: Strategies for Employers

HR Digest

Employer branding strategies are a crucial component of any successful recruitment and retention strategy. According to research, companies with a strong employer brand have 28% lower turnover rates and are able to attract 50% more qualified candidates. These strategies are designed to create a strong sense of loyalty and trust between your business and your workforce, which can lead to improved performance and efficiency.

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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.