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You’ve probably heard that recognition is important. Maybe your organization has even decided to implement a formal program. But a year post-launch, participation is lackluster at best. You’re nowhere near the benchmarks you hoped to achieve, even though you know companies that invest in social recognition are twice as likely to see better individual employee performances.
Estimated reading time: 3 minutes. I discovered an informative website recently called the Microsoft Work Trend Index. It’s focused on providing insights about hybrid work as well as work in general. I know that some organizations are focused on inviting employees back to onsite work and trying to reduce the amount of remote and hybrid work available to employees.
Every day, employers experience employee turnover for one reason or the other. This has left many wondering what could be the cause of this turnover and what they could do to minimize it. A stay interview is one of the most effective ways that has helped employers improve retention. The last thing you want is to invest in your employees, only to lose them when they have become the best contributors to increasing your business productivity.
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?
The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022. Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018. Absent catastrophic medical bills or a natural disaster declared by the U.S.
On Friday, the Ninth Circuit became the first circuit court to rule in a 401(k) plan fee and investment litigation following the Supreme Court’s January 2022 decision in Hughes v. Northwestern University , 142 S. Ct. 737 (2022). In Davis v. Salesforce.com, Inc., No. 21-15867 (9th Cir. Apr. 8, 2022), the Ninth Circuit, without discussing Hughes , upheld the viability of the types of claims that Hughes reinstated and remanded for further review.
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On Friday, the Ninth Circuit became the first circuit court to rule in a 401(k) plan fee and investment litigation following the Supreme Court’s January 2022 decision in Hughes v. Northwestern University , 142 S. Ct. 737 (2022). In Davis v. Salesforce.com, Inc., No. 21-15867 (9th Cir. Apr. 8, 2022), the Ninth Circuit, without discussing Hughes , upheld the viability of the types of claims that Hughes reinstated and remanded for further review.
Aside from the obvious social and moral reasons for increasing diversity in the workplace, companies attempting to diversify their teams are doing so in the hopes that it will increase efficiency and profitability. These efforts receive support from several studies showing that diversity is correlated with improvements in problem solving and innovation.
Recruiting top talent is crucial for organizations to improve their performances and reduce employee turnover. However, what do you look for in candidates during this hiring process? Most employers can attest that skills, knowledge, and experience are the most significant elements to consider. Besides the capability to get work done, every employer wants to hire individuals who can help them build a robust business culture.
Do you frequently see employees huddled together and speaking in hushed tones? If this is the case, your company most likely has a bad workplace gossip problem. While gossiping may appear to be annoying but trivial on the surface, the long-term damage it causes can be toxic to your culture. Getting to the bottom of the problem can be difficult. However, it can be dealt with rationally with the right set of leadership skills.
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.
We’ve often Googled one of these terms: “How do I be more likeable at work?” or “Why am I not a likeable person?” From your digital identity on LinkedIn to the workplace, likeability is a modern-day must-have. But what does it mean to be likeable — especially at work, where we’re often at each other’s throats trying to be the next rung on the ladder?
Amazon entered the healthcare industry in September of 2019 when they first launched Amazon Care. Since then, they have only continued with their expansion efforts by adding clients such as Hilton , purchasing PillPack, and developing features to their smart technology such as Drop-In and Amazon Together. With so much growth in the last several years, Amazon is making a real push into the healthcare industry.
Ineffective managers not only contribute to low morale but can drive top talent out the door. A 2022 GoodHire study showed an astonishing 82 percent of workers would consider quitting their jobs because of a bad manager. Ineffective leadership traits include bullying, scolding team members in public, avoiding conflict, fostering unhealthy competition, seeing only what’s wrong, taking all the credit, controlling everything, and discouraging new ideas.
The pandemic has been difficult for many of us, but with cases decreasing, you might find yourself preparing to head back into the office. You may also wonder what precautions you can take to stay healthy while commuting and working in an office. We have an easy-to-follow guide to help you commute safely and stay healthy. DO’s DONT’s Wash your hands after touching surfaces, handles, or money on public transport.
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.
Both the digital and analog machines held workplace designers over time to calculate the various outputs of work. But in today’s time, it is artificial intelligence that makes all the difference. Analyzing the different data of the employee happens to be quite crucial for any organization. But doing this without hurting the workplace trust, one must know how to balance it delicately.
There are many options to choose from when it comes to offering a health benefit to your employees. While some options are immediately recognizable, such as traditional group health insurance, others are more difficult to understand. You may have seen the term “ancillary benefits” when searching for health insurance coverage. But what are ancillary benefits, and why should you offer them to your employees?
Summary: What are the latest trends in reward and recognition? How has the pandemic affected trends? Why is it important to remain on top of trends? How often should you review your reward and recognition offering? The latest trends in employee recognition and reward strategy. Does your organisation take employee recognition and rewards seriously? It should.
The Internal Revenue Service (IRS) is strategically working to execute the statutory changes that were outlined by the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) of 2019. However, the IRS’s efforts to streamline the required minimum distribution (RMD) requirements for Internal Revenue Code (IRC) Section 403(b) plans with Section 401(a) qualified plans, […].
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.
At a previous employer, I discovered I managed a group of employees who were all making more than me. After finally being promoted to a senior role and getting a double-digit percentage salary bump, I found out how my pay compared to my team. The joy I felt about my promotion and being rewarded for my performance turned into disbelief and anger. Even though I appreciated the salary increase, I couldn’t help but wonder why the company underpaid me for so long.
Medical debt in the U.S. has reached $140 billion and is now the greatest source of debt for Americans. One reason medical debt has increased is surprise billing. Surprise medical bills happen when insured consumers inadvertently receive care from out-of-network hospitals, doctors, or another provider they didn’t choose. The Journal of the American Medical Association reports that one in five insured adults havereceived a surprise medical bill in the past two years, and 18% of emergency room vis
An employee working at Crystal Finishing Systems Inc.’s aluminum extrusion facility in Weston was hospitalized with serious injuries after being struck by a puller machine while trying to unjam a piece of aluminum. The U.S. Department of Labor’s Occupational Safety and Health Administration investigated the Dec. 21, 2021, incident and determined 6-foot chain-link safety guards were not affixed around the 8-inch extrusion press line to prevent workers from coming in contact with the puller.
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 employees return to the office, they are re-thinking how they work and what they want their workweek to look like. Often, they are looking to maintain their remote-work setups or shift to a hybrid arrangement.
In addition to advising their clients on financial matters, certified public accountants (CPAs) and tax professionals are tasked with explaining the details of the health insurance marketplace and other regulations to their clients, as well as advising on which health benefits are financially best for employers and individuals. These tasks have expanded since the Affordable Care Act (ACA) and the American Rescue Plan have created new tax opportunities for organizations and individuals in the Uni
The pandemic situation has crippled our global economy. With that, the culture of working from home emerged. It also brought us together with the help of technology. In fact, in some cases, it is believed that a remote work environment allows humanity to shine through. But in the same situation, one can see that the anxiety ballooned by 20%. Employees often struggle with mental health issues.
Employee perks are an excellent way to boost employee morale and attract and retain top talent. These added benefits can demonstrate that you care about your employee's well-being and overall satisfaction in the workplace. That said, perks can be pricey. Here’s how you can incorporate employee perks into your benefits plan without breaking the bank.
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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