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Every company relies on its talent to carry it to new heights. But if your organization’s employees feel unappreciated, it won’t be long before they start looking for other opportunities. According to Achievers’ 2022 State of Recognition Report, two-thirds of employees state that feeling appreciated would reduce their desire to job hunt, while more than half say appreciation would make them less likely to take a call from a headhunter.
While taxpayers have until the tax filing deadline in April 2023 to contribute to an individual retirement account (IRA) for 2022, many people prefer to make all of their current year tax-saving moves before year-end. This leaves about two months to make an IRA deposit during the 2022 calendar year or up to six months if you wait until April. Below is a discussion of IRAs and details about how they can lower your taxes and provide a retirement savings nest egg: Description - An IRA enables worke
As an employer, you’re responsible for many different payroll taxes, including FUTA tax (aka, federal unemployment tax). But in some cases, you may not be responsible for paying FUTA tax. In fact, some businesses are exempt from the tax altogether. Get to know all about FUTA tax exemption and whether or not your business has […] READ MORE.
If you're an applicable large employer (ALE) with more than 50 full-time equivalent employees, that means your organization is subject to more regulations than smaller businesses, especially when it comes to offering health insurance coverage. One requirement ALEs must follow is the affordability requirement that ensures your employer-sponsored coverage is affordable to your full-time employees.
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?
California companies with more than 15 California-based employees will have to disclose hourly or annual salary ranges for all job postings by January 1, 2023. According to this HR Brew article, McDermott Partner Michelle Strowhiro said she recommends HR professionals review job descriptions with business leaders and legal counsel (preferably, under legal privilege).
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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 following article was published in Employee Benefit News. More than half of Americans have reported medical debt of some kind, lamenting that it affects other financial goals. As a result, many are delaying care. So it’s not surprising that employers, with the guidance and support of their benefit brokers, have been trying virtually every trick in the book to control costs — with little to no avail.
International Foundation of Employee Benefit Plans
OCTOBER 27, 2022
Select case summaries from the Benefits Magazine October 2022 Legal & Legislative Reporter. The post Legal & Legislative Reporter: Mental Health Parity Act Violation appeared first on Word on Benefits.
It’s not a stretch to say COVID changed everything—including the way working families think about childcare benefits. Before the pandemic, parents struggled with childcare challenges, of course. But the day-to-day realities grew much worse when the pandemic struck. After the initial shock of schools and childcare centers shutting down, families were left to figure out […].
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.
Asking the right questions before selecting or designing an employee training program can help determine whether the handpicked approach is the right solution or whether there’s an immediate need for performance issues to address. What matters is not how effective employee training methods you’ve picked, but the prior methodology wherein the trainer determines training goals, adaptive behavior, and whether certain employee training methods for employees are worth pursuing.
International Foundation of Employee Benefit Plans
OCTOBER 25, 2022
The PBGC final rule details permissible investments for SFA assets. Get key takeaways in our latest blog. The post PBGC Special Financial Assistance Final Rule: Permissible Investments appeared first on Word on Benefits.
A recent story in The Florida Bar News provides some poignant reminders about the world as it is, and the challenges that some face. The system is being updated to distribute only document links instead of transmitting the actual documents as attachments. This will undoubtedly decrease the bandwidth required for the messages, and that is an important concern for the person (entity) sending the email.
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.
Truth be told, an experience from the past is most likely to determine what the future could look like (maybe a tiny glimpse of it). Situational interview questions are no different when it comes to achieving this. These questions give an insight into what an employee’s past experience was like and could directly impact what the future could look like.
BRI is thrilled to have received two honors in the inaugural BenefitsPRO Luminaries in the Class of 2022, one for the company in the Humanizing Benefits category and one for Becky Seefeldt , BRI’s Vice President of Strategy, in the category of Education and Communication. Luminaries Class of 2022. This professional recognition program celebrates top benefits professionals and organizations that strive to transform and humanize the benefits business and set a bright example within the industry.
When looking to attract and retain qualified workers, you need to evaluate how your organization approaches its compensation package and employee benefits. With a tight labor market and changing demands from job seekers and current employees, you may need to adjust your employee compensation strategy. But what is a compensation strategy, and how does it impact your organization’s recruitment and retention efforts?
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.
If you've never appreciated or thanked your boss but can't find the right time to do so, Thanksgiving is the place to start. Even though wishing Happy Thanksgiving to bosses and managers might seem small— and even awkward at times— trust me when I say that the reaction you get from them will be well worth the effort. Are Bosses And Managers Happy At The Workplace?
As health care costs continue rising and employees are being asked to shoulder more of the expense burden, you can help them by offering a tax-advantaged plan that allows them to save for medical expenses. These cafeteria plans, which are governed by Section 125 of the Internal Revenue Service Code, allow your employees to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses.
When we talk about management empowerment, what do we mean? How can management empowerment effect the employee experience? Chris and Emma Leonis-Hughes chat with Yvonne Wilcock, CEO of Empowering People Group and AdviserPlus, on what businesses can do to empower their managers. The post The power of management empowerment appeared first on LACE Partners.
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!
TikTok’s latest buzzword “weaponized incompetence” has brought to light a toxic practice pertaining to the workplace. Weaponized incompetence can play out in friendship, parenting, and even romantic relationships. But in this article, we break down the meaning, and how to handle it, along with red flags to spot around the workplace. Here’s what you need to know first.
Jump to section. What are soft skills? Why do soft skills in the workplace matter? Examples of soft skills that are crucial at work. How to spot soft skills in employees and candidates. How to help employees with soft skill development.
I’ve been having a great many telephone conversations recently around the central theme of professionalism. There is a sentiment that the detachment brought on by evolving technology, and accelerated by the pandemic, has led to a deterioration in interpersonal skills. Worse, there are perceptions that this deterioration is eroding professionalism in broad contexts.
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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