Sat.Nov 05, 2022 - Fri.Nov 11, 2022

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A quarter of staff have had cost of living help from their employer

Employee Benefits

Just one-quarter (25%) of employees have received additional assistance from their employers to help manage the rising cost of living, outside of annual salary increases , according to HR services provider Randstad. The research, which surveyed 7,000 people across five markets, also revealed that 57% were not expecting any additional help in the next six months.

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Pros and cons of earned wage access (EWA)

PeopleKeep

As the average American worker struggles to keep up with inflation, it can be challenging for them to wait for their regularly scheduled paycheck. One study 1 found that 50% of hourly employees had no emergency savings at all, and almost 80% had less than $500 saved. This is why some employers are now offering earned wage access (EWA) to help their employees meet their financial needs in the middle of a pay period.

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25 Wonderful and Thoughtful Thanksgiving Gifts For Employees

Vantage Circle

The holiday season is quickly approaching, bringing a sense of happiness and joy to all of our workplaces. However, these holidays bring some new responsibilities for HR professionals, such as finding the perfect Christmas gifts or Thanksgiving gifts for employees. This is where we step in and help you find the perfect corporate gift ideas. What is Thanksgiving, and Why is it Celebrated?

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9 Reasons why you should revolutionise your 2023 employee reward & recognition strategy

Sodexo Engage

Summary: Reimagine your 2023 reward and recognition strategy. Support financial wellbeing. Improve physical wellbeing. Prioritise mental wellbeing. 9 reasons for adopting change that will benefit your business. Reap the benefits in 2023 and beyond with Sodexo Engage. 9 Reasons why you should revolutionise your 2023 employee reward & recognition strategy.

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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC

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.

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6 Tips for a Pain-Free Open Enrollment

CorpStrat

Is there such a thing as a pain-free Open Enrollment? We think so. Many employers are under the impression that they have their Open Enrollment process down, but studies show that about 41% of employees feel the Open Enrollment process at their company is extremely confusing. Benefit renewal happens to occur during the busiest time of the year: the holidays.

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Four Steps for Evaluating Your Plan’s Diabetes Coverage

International Foundation of Employee Benefit Plans

November is National Diabetes Month. Since diabetes affects one in eight adults in the United States and is a major driver of health plan costs, it may be a good. Read more > The post Four Steps for Evaluating Your Plan’s Diabetes Coverage appeared first on Word on Benefits.

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3 Financial Struggles Faced by Black and Latinx Gen Zers — And How Companies Can Help

Best Money Moves

3 financial struggles faced by Black and Latinx Gen Zers — and how companies can help. The number of Gen Z employees entering the workforce is on the rise. Here’s how to address the unique challenges facing the Black and LatinX Gen Zers on your team. . By 2025, Gen Z employees will comprise nearly one-third of the total workforce, according to data from the World Economic Forum.

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Tom Moyes: The importance of supporting and managing stress in the workplace

Employee Benefits

International Stress Awareness Week (7 – 11 November 2022) was founded in 2018 by the International Stress Management Association, and focuses on managing stress and running campaigns against the stigma associated with stress and mental health. Research published on 3 March 2022 by the London School of Economics and Political Science stated that work-related stress accounts for 50% of all work-related health issues and costs the British economy a minimum of £117.9 billion annually.

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Roth IRA Q&A

Money Talk

Roth IRAs are a popular investment for retirement savings. They are available to workers with earned income (i.e., salary, bonuses, or self-employment) under phaseout limits that are adjusted annually for inflation. Below are answers to nine commonly asked questions about Roth IRAs: What is a Roth IRA? A Roth IRA is a personal retirement account that lets people benefit from tax-free interest growth, providing they meet certain conditions.

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10 HR Metrics for 2025: HR Data Toolkit

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!

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What my weight loss journey taught me about how healthcare works

Employee Benefit News

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Is your employee quiet quitting? Here’s your action plan

Insperity

Quiet quitting is the popular new Great Resignation -era term for an employee who hasn’t quit (yet), but definitely exists on a spectrum of disengagement. As employees become increasingly fed up with some aspect of their job or company, they may withdraw from others and withhold discretionary effort, instead just doing the bare minimum to get by without attracting too much negative attention.

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Why Is Work Satisfaction Important in Every Workplace

HR Digest

Research shows that if employees are happy at work, they’ll be more productive, more creative, and more likely to stay with their company for the long term. That’s because happiness at work is linked with job satisfaction, which leads to higher performance for both employees and employers alike. It’s a common fact that employee satisfaction at work is linked to business success.

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Royal National Institute of Blind People offers workforce financial education

Employee Benefits

Sight loss charity Royal National Institute of Blind People (RNIB) has provided access to financial education to its employees and others with sight loss. The charity partnered with global financial education benefit provider Nudge, which has made sure that its technology now complies with the web content accessibility guidelines. It has also been designed to be suitable for users with neurodiversity issues, compatible with a screen reader and accessible with a keyboard to ensure that it is suit

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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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When COVID is no longer a public health emergency, what happens to healthcare?

Employee Benefit News

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Online Leave Management System: 7 Ways Leave Management Software Helps New And Existing Employees

Qandle

Using email, physical documents, and electronic spreadsheets leaves human resources open to errors. Payroll processing mistakes, a lack of resources, and regulatory noncompliance are all examples. Periodically measuring, monitoring, and managing workers’ leaves is a tedious task that cannot be simplified by using even Google Forms. Therefore, understanding the merits of a web-based leave management system is crucial.

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Why Emotional Intelligence Is the Path to Effective Leadership

HR Digest

The ability to manage your own emotions and the emotions of others is called emotional intelligence in leadership. Research shows that people with high emotional intelligence are more likely to be successful in their careers, and they are more likely to be seen as leaders in their organizations. People with this skill can identify, assess and manage their own emotions as well as the emotions of others effectively.

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46 Amazing Recipes For Thanksgiving Potluck In Office

Vantage Circle

The first image that comes to mind when we think of Thanksgiving is of a delicious, comforting, and (sometimes) extravagant feast. A full table laden with several courses of delicious delicacies with the turkey at its center. For a holiday centered around food, what better way to celebrate this day than by hosting a Thanksgiving potluck at the workplace?

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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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Millennials and Gen Z want more than a 401(k) for retirement savings. They want crypto

Employee Benefit News

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The top 10 most-read articles between 4 – 10 November 2022

Employee Benefits

The top 10 most-read articles on www.employeebenefits.co.uk between 4 and 10 November 2022 were: Lloyds Bank offers employees minimum £2,000 pay rise. Boohoo gives shares to more than 1,100 employees. Laura Trott appointed minister for pensions. Princes Group gives staff one-off payment and 7% raise. EXCLUSIVE: AutoRek launches financial wellbeing tool for staff.

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Problems at Twitter, grease proof chairs, and the trouble with AI

Workplace Insight

The level of layoffs at several Big Tech firms has been the main source of news and comment over the past week or two. Around 11,000 people at Facebook and another 7,500 at Twitter are to be made redundant. Elon Musk then ensured the conversation moved on by forbidding remote work completely. This is a blasphemous act in the era of wars for talent, great resignations and quiet quittings , and inevitably he has been roundly denounced for it.

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Combat Working in Silos with Microsoft Teams and Vantage Rewards

Vantage Circle

In the wake of the Covid-19 Pandemic, technology came into play to connect people caught indoors. The Covid-19 pandemic has altered the way we live, think, and socialize with one another. Classrooms became silent, and offices turned into abandoned workplaces. People began relying on technology for work, education, communication, and sustaining relationships with loved ones.

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4 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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How Americans could save $83 billion with one tweak to the 401(k) system

Employee Benefit News

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PWC launches discount scheme and virtual financial wellbeing support

Employee Benefits

Professional services firm PricewaterhouseCoopers (PWC) has introduced a new shopping discounts portal for its 22,000 UK employees, as well as hosting virtual events to help support financial wellbeing. The portal, provided by Reward Gateway, replaces an older system and aims to give staff easier access to a wider range of discounts than was previously available.

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Summing up where the office now stands in the scheme of things

Workplace Insight

The argument about what it takes to encourage people to come into the office more often seems to have boiled down to an equation. It’s now common to hear somebody argue that the office has to be worth the commute it takes to get to it. So, if you want people to spend more time in the building, you need to do the maths. O must be greater than or equal to C.

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State Moves to Ban Sale of Non-Electric Big Rigs, Semis in 2040

InterWest Insurance Services

Under a new proposal by the California Air Resources Board, all new big rigs and other large trucks sold in the Golden State will have to be zero-emission vehicles, starting in 2040. The proposed rule would bar manufacturers from selling medium- and heavy-duty trucks that run on diesel or gasoline in California, and instead sell only electric trucks.

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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.