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When someone uses the phrase “gap year,” we often think immediately of young adults who plan experiential learning activities (e.g., traveling, volunteering, and working) between high school and post-secondary education or college graduation and graduate school. In other words, something that young adults do in their late teens and 20s. Think Malia Obama and Elon Musk.
Group health insurance may be the traditional employee health coverage option, but it doesn’t work for everyone. If you’re an employer looking for an affordable and flexible alternative to group plans, a health reimbursement arrangement (HRA) is a great option. With an HRA, you can provide your employees a monthly allowance and reimburse them for qualifying medical expenses like individual health insurance coverage.
Corporate culture has fundamentally changed since the pandemic and with it, so has the way employees interact with the office. This has put leaders under pressure to create experiences for employees that complement, and in some ways even compete with, the comforts of home. Organisations now understand the immense potential for sustainable, inclusive office design, and people-centric real estate strategies to drive positive change and fuel growth.
Ovo Energy When Ovo Energy took over SSE Energy Services in 2020, it needed to harmonise benefits across the two organsiations. Employees would receive a flex pay arrangement , worth an additional 9% of salary. This would incorporate an employer pension contribution of 4%, and an extra 5% which could be used to purchase other benefits. Central to the benefits overhaul would be Ovo’s Plan Zero concept, which aims to reduce the organisation’s carbon emissions to net zero by 2035.
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?
Estimated reading time: 3 minutes I’d like to think that most, if not all, of us would answer the question “Is it okay for job seekers to get help with their job search?” with the answer “yes”. We encourage job seekers to reach out to their networks when they’re looking for new opportunities. We encourage them to speak with mentors and coaches about how to share their strengths during interviews.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
The IRS released cost-of-living-adjustments (COLAs) for 2024 reflecting any increases in excludable transportation fringes and flexible spending arrangements (FSAs).
In an increasingly interconnected and digital world, field service management software plays a crucial role in streamlining operations and enhancing customer service. With the advent of new technologies and the growing demand for efficient field service operations, businesses are continually on the lookout for the best solutions. In 2024, there are several outstanding field service management software options available.
Whether you shop in person at “brick and mortar” stores or prefer to shop online, price discrimination is a fact of life. In simple terms, price discrimination is the practice of charging different customers a different price for the same product or service. Think airline seats, hotel rooms, cars, auto insurance, credit card interest rates, cell phone plans, and items sold at garage sales.
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.
The workplace has been evolving at an unprecedented pace over the past decade, driven by technological advancements, changing work cultures, and global events that have forced businesses to adapt. As we step into 2024, the concept of the digital workplace has become more integral than ever before. The integration of technology and the adoption of remote work have reshaped how we work and interact in the professional world.
The following is the first in a series of micro-blogs, guest authored by Annemarie Verwaaijen, MSc, MBA, Vice President, Global Head of Pay Services for S&P Global, and a 3Sixty Insights Executive Council member. Is it Time For Payroll to Make its Own Table? I read a statement this morning: “I am not waiting to get a seat at the table; I am building my own table.
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.
In this November 2023 edition of Compliance TV: Social security wage base increases for 2024; IRS releases 2023 ACA forms and announces withdrawal process for ERC claims; and more.
In today’s fast-paced and highly competitive business landscape, strategic planning has never been more critical. To stay ahead of the curve, organizations must carefully map out their goals, objectives, and tactics. To aid in this endeavor, strategic planning software tools have become indispensable. These tools offer a comprehensive suite of features to streamline the planning process, enhance collaboration, and enable data-driven decision-making.
The success of UKG One View is being celebrated this week at the UKG Aspire customer conference. The first-of-its kind technology-led experience extends the strength of the UKG Pro suite to help multinational organizations manage their entire workforce — from complex scheduling to payday — with the same consistent experience, regardless of where in the world their employees work.
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.
The government is to legislate to retain rolled-up holiday pay for irregular hours, zero hours and part-year workers and set out that it must be calculated based on total earnings in the pay period. Its announcement follows a consultation earlier this year that sought views on reforms to the Working Time Regulations, holiday pay, and the Transfer of Undertakings (Protection of Employment (Tupe)) Regulations.
In today’s fast-paced business environment, employee training is a critical component of organizational success. As technology continues to evolve, employee training software plays an increasingly pivotal role in helping companies streamline their training processes, enhance employee development, and achieve their business goals. With 2024 just around the corner, we’ve compiled a list of the 10 best employee training software options that are expected to shine in the coming year.
Think back to elementary school for a moment. Remember some kids who would roll their eyes at assigned tasks they did not like? Or maybe they interrupted the teacher while she talked, refused to listen when she asked them to sit down, or called her names like “stupid” behind her back (or even to her face)? Fortunately, people generally develop better ways of expressing themselves as they mature.
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!
As we begin the run-up to Christmas, your staff’s stress levels can rise due to everything that comes with the season, whether it’s an increased workload, a lack of activity due to the dark nights and cold weather, or financial pressures from home. As an HR manager, one way you can help reduce stress is to offer your people services from DocHQ, the health and wellbeing company that can become your wellbeing partner.
Thinkific is a versatile and user-friendly online platform that empowers individuals and organizations to create, deliver, and monetize online courses. With a mission to revolutionize the world of online learning, Thinkific offers a comprehensive suite of tools designed to help course creators build and scale their educational businesses with ease. Whether you’re an entrepreneur, educator, or institution, Thinkific provides the means to bring your unique knowledge and expertise to a global
In the first of a new series of news-based podcasts, I catch up with Chris Moriarty, the co-founder of Audiem and much besides. Over a glass of gin and tonic, we discuss the AI Safety Summit and the proclamations of imminent doom that came before and after it. We also talk about the covid inquiry and the toxic workplace culture it exposed as an intriguing subplot.
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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