Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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A Complete Guide on Salary Transparency

HR Lineup

Salary transparency is the practice of openly disclosing the wages and salaries of all employees within an organization. It has gained popularity in recent years as a way to promote fairness and equity within the workplace. However, implementing salary transparency can be a complex process, with various considerations to take into account. This guide will provide a comprehensive overview of salary transparency, including its benefits, how to successfully implement it within your organization, an

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7 essential graphs to shape your financial wellbeing strategy

Employee Benefits

If you lead HR, benefits or rewards at your organisation, these insights will help you plan your financial wellbeing strategy and move your people forwards. Inflation is putting pressure on every household in the UK and worldwide. It’s leading to unavoidable rises in household spending while wages remain the same. As a result, many HR, benefits and rewards specialists are focusing on financial wellbeing, creating strategies to ensure their employees’ financial health is supported and financial s

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Benefit Trends—Health Care Cost-Containment Strategies

International Foundation of Employee Benefit Plans

According to a recent International Foundation survey report, health care costs are expected to increase by 7% between 2022 and 2023. In response to the cost escalation, health care plan. Read more > The post <strong>Benefit Trends—Health Care Cost-Containment Strategies</strong> appeared first on Word on Benefits.

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Hours Paid for Hours Worked: Compensable Time and Paying Your Employees

Patriot Software

You may have heard the phrase “If you have time to lean, you’ve got time to clean.” It’s a saying beloved by managers across the country and cuts to the core of the nonexempt employee/wage relationship. Nonexempt employees get paid because they work for a certain period of time. But what if an employee is […] Read More.

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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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Mobile integrated health models cut costs and improve care

Employee Benefit News

More Trending

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What is a total rewards model?

PeopleKeep

If your small business struggles to attract and retain top talent, you might be tempted to offer a more competitive salary. While higher compensation can help, many factors influence whether a job candidate will apply to work at your organization or if a current employee will stay. A total rewards program can help your organization create employee loyalty, improve employee satisfaction, and boost employee engagement.

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Guide to pay transparency

PeopleKeep

Pay transparency is a popular topic for employers today. While it used to be considered taboo, many employers now see pay transparency as a way to achieve pay equity, build trust with employees, and attract talented candidates. With more states creating laws around pay transparency, employers need to know their obligations or risk potential legal recourse.

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Pay transparency laws support equity — but will they force employers to overextend their budgets?

Employee Benefit News

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2022 Personal Finance Year in Review

Money Talk

Last month, I presented my eighth annual (2022) Personal Finance Year in Review webinar for OneOp. Below are dozens of important events and trends from the past year: High Inflation- The consumer price index (CPI) started out the year at a 12-month percentage change of 7.5% in January 2022, reached a year-to-year high of 9.1% in June 2022, and stood at 7.1% in November.

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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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How Can Companies Prepare For Furlough, Layoffs or RIFs

HR Digest

Most companies prepare for a layoff either to cut costs in a way or to restructure the company. And this is a difficult process some organizations may have to face. However, if your organization ever reaches a stage to reduce staff it is important to figure out how to lay off employees in compliance with the law. That being said, below are some basic components to address when companies prepare for a layoff.

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SECURE 2.0 Delivers New Rules for Correcting Retirement Plan Errors

Proskauer's Employee Benefits & Executive Compensa

As part of our ongoing series on SECURE 2.0 , this post discusses three significant changes to corrections of common retirement plan errors: (1) New rules for correcting overpayments, (2) expansion of the Self-Correction Program under the IRS’s Employee Plans Compliance Resolution System (“EPCRS”) to cover most inadvertent errors, and (3) making permanent the current EPCRS safe harbor correction method for elective deferral failures related to automatic contribution arrangements.

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Work-life balance matters to employees — how to find out if it matters to a company

Employee Benefit News

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Stagecoach gives Sunderland drivers 11% pay rise

Employee Benefits

Bus drivers employed by Stagecoach in Sunderland have accepted an 11% pay rise and £150 bonus , backdated to 1 December 2022, ending their long-running strike. Three-quarters of the drivers, members of the trade union GMB, voted to accept the pay increase , which is more than the offer they received last year, of a 4% rise, followed by another 2% later in the year.

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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.

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Glink Named 2023 Top Financial Influencer

Best Money Moves

Ilyce Glink Named 2023 Top Financial Influencer. Ilyce Glink, Founder/CEO of Best Money Moves, was named one of the top financial influencers for financial advisors for 2023, according to Indigo Marketing Agency. The list, which includes such financial luminaries as Dave Ramsey, Rachel Cruze, Bill Cates, and Michael Kitces, is an annual effort by IMA.

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IRS Permanently Extends Deadlines for ACA Reports to Individuals

Proskauer's Employee Benefits & Executive Compensa

On December 15, 2022, the Internal Revenue Service (“IRS”) published final regulations that make permanent certain relief and changes relating to the Affordable Care Act (“ACA”) reporting requirements. Specifically, the final regulations (1) include an automatic 30-day extension for providing Forms 1095-B and 1095-C to covered individuals and employees, which would otherwise be due on January 31; (2) allow an alternative method of furnishing the forms to certain individuals, and; (3) eliminate p

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Employers Covering Prescription Drugs for Weight Loss

International Foundation of Employee Benefit Plans

A healthy reset has been a standard theme entering the new year, but it shouldn’t be the only time of year workplace wellness gets prioritized. What an individual’s weight says. Read more > The post Employers Covering Prescription Drugs for Weight Loss appeared first on Word on Benefits.

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Buyer’s guide to financial education 

Employee Benefits

What is financial education? Financial education as a benefit can take many forms. At its simplest, it could simply mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances. At the higher end, financial education programmes can be holistic, providing multimedia resources, including individual guidance or advice, financial modelling and health checks, and targeted communications.

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7 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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40% of employees didn't take time off in 2022. How employers can encourage PTO to avoid burnout

Employee Benefit News

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What Are The Types of HRIS Solutions?

HR Digest

Every HR professional isn’t just tasked with employee recruitment, as he professional you might need to spend time drafting employee information on excel sheets. Let’s face it, this is why different types of HRIS software may come in handy! As different organizations continue to grow, managing employees might get more and more complex. For that reason, HRIS systems are a significant part of most human resource departments.

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Employee complaints: What to address and what to ignore

Business Management Daily

Alice has no qualms about telling everybody in the office that she puts in way too many work hours. Dan and Rob are not the most vocal employees, but you did notice them huddled together whispering after a staff meeting and caught the phrase “stupid company policy” before they saw you rounding the corner. Rhonda rolls her eyes every time an assignment calls her to work with Andrew.

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Sian McKinley and Joshua Peters: The impact of the metaverse on employment law

Employee Benefits

Employment laws on harassment, discrimination and privacy of workers are well established online and in the office, but applying these rules in the metaverse raises novel risks and challenges. In the employment sphere, an evolution of existing legal principles is more likely than a complete overhaul. The nascent metaverse has already been plagued by allegations of e-groping and other inappropriate conduct.

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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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Just in the Nick of Time – Congress Grants Second Extension of CARES Act Telehealth/HSA Relief

Benefits Notes

Recently Congress passed the Consolidated Appropriations Act of 2023 (“2023 CAA”). Among other things, the 2023 CAA extends, for a second time, the telehealth relief provided under the CARES Act. The CARES Act permitted high deductible health plans (“HDHP”) to provide first-dollar telehealth services or other remote care services. This allowed individuals covered under a HDHP that waived the deductible for telehealth services or other remote care to maintain HSA eligibility.

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Can You Take Advantage of the WOTC?

Kollath CPA

As explained by the IRS , the work opportunity tax credit is equal to 40% of up to $6,000 wages paid or incurred, with a maximum credit of $2,400, for an employee who: Is in their first year of employment. Is certified as being a member of an eligible group. Works at least 400 hours of services for that employer. The agency emphasizes that this is a one-time credit for each new hire, and an employer cannot claim the credit for employees who are rehired.

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How to deal with stress at work: Tips for maintaining your well-being

Business Management Daily

Workplace stress is at an all-time high, with 94% of workers reporting feeling stress on the job, and it causes a whopping 1 million Americans to miss work each day. Anyone with a job can likely attest to this, as it’s normal to experience stressful situations at work, even if you love what you do. Meeting stringent deadlines, dealing with difficult co-workers, long hours on the clock, and difficulty getting enough sleep are all common stressors to experience because of your job, regardless of y

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Confessions of a benefits manager: Candid helps with inflation

Employee Benefits

We have just started the annual review process and the whole reward team has to get stuck in. Each of us has a part of the business to partner through the process. To me that means chivvying each management level along to complete their planning, so the next level up can start messing about and changing everything. To be honest, I am slightly resentful of having to do this on top of my usual benefits activity.

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7 Common ACA Compliance Pitfalls and How to Avoid Them

Managing ACA compliance is a major headache, especially in industries with complex schedules and regulations. Errors can lead to fines, legal battles, and strained employee relationships. Ways to Avoid Penalties & Fines: Non-compliance with Hours of Service (HOS) or misclassifying employees can lead to fines and legal issues. We offer tools to avoid these penalties and ensure regulatory alignment.