Sat.Aug 10, 2024 - Fri.Aug 16, 2024

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A Complete Guide on Salary Benchmarking

HR Lineup

Salary benchmarking, also known as compensation benchmarking, is a crucial process for businesses that aim to maintain a competitive edge in attracting and retaining talent. It involves comparing internal job salaries against external market data to ensure that a company’s compensation structure is both fair and competitive. This guide will take you through everything you need to know about salary benchmarking, including its importance, how to conduct it, and how to use the results effectively.

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AI at the WCI, Oh My!

Florida Workers' Comp

The Associated Press reports on people who struggle to accept and comprehend Artificial Intelligence. The real challenge is said to be for the "older Americans." The focus of the story is "adults - many of whom lived through the advent of refrigeration, the transition from radio to television, and the invention of the internet." This group is struggling with AI, what it means in the near term, and tellingly "how do you know if its fake or not.

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Hired by AI? How avatars could revolutionize the recruiting process

Employee Benefit News

Unlike human beings, virtual assistants can provide personalized and accessible support for everyone everywhere

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Crafting a people-first company culture

Higginbotham

What sets the most successful and dynamic brands apart? It’s not just about the services they offer or the products they create: it’s about how they view and treat their most essential asset – their employees. A people-first company recognizes that its team is the centerpiece of its success and crafts a culture that supports this philosophy. This approach to company culture can have several benefits: enhanced productivity, greater employee well-being, strengthened recruitment strategies, improve

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From Payroll Pains to Growth Gains: Streamlining Payroll & HR for Success

Speaker: Joe Sharpe and James Carlson

In the world of small business management, the challenge of managing payroll & HR efficiently while scaling operations can be overwhelming. Yet, with the right strategies in place, these challenges can become opportunities for growth and innovation. In this session, Joe Sharpe, Senior Director of Managed Payroll Services at IRIS, will reveal practical methods and expert insights for outsourcing and streamlining payroll processes, resulting in substantial time and resource savings.

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Rethinking employer strategies for mental health remission

Employee Benefit News

Evidence-based, holistic approaches can improve employee well-being in the long term, improve productivity, and serve as a competitive edge in recruiting and retaining talent.

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Dementia UK receives menopause-friendly accreditation

Employee Benefits

Specialist dementia nursing charity Dementia UK has received menopause-friendly accreditation due to its commitment to support its employees experiencing perimenopause and the menopause. The menopause-friendly accreditation was established by Henpicked: Menopause in the Workplace. It recognises proven practices that embrace menopause in the workplace by setting clear standards which must be met.

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Classifying California Rideshare Drivers as Independent Contractors

PayrollOrg

The California Supreme Court recently upheld Proposition 22, which defines app-based drivers as independent contractors if certain conditions are met.

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Most people support shift to a four day week

Workplace Insight

A new poll claims that a significant majority of voters who supported the new Labour government are in favour of transitioning the UK to a shorter working week. According to data collected by Survation and commissioned by The Autonomy Institute , 72 percent of Labour voters back the idea of a four-day work week. The survey, which included responses from 2,048 adults, specifically asked whether participants would support a government initiative to move towards a shorter working week, with no loss

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Employers Project 8% Rise in Health Care Costs for 2025

International Foundation of Employee Benefit Plans

U.S. employers project a median health care cost increase of 8% for 2025, according to International Foundation of Employee Benefit Plans survey results. This is an increase over similar surveys conducted in 2022 and 2023, which projected a 7% rise in costs. […] The post Employers Project 8% Rise in Health Care Costs for 2025 appeared first on Word on Benefits.

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Plant the Seed for Successful Onboarding!

Our Free Welcome Email Templates (designed for both in-office or virtual employees) are ready for you to customize and use to plant the seeds of success for new team members.

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81% of staff notice feelings of burnout when they cannot take time off work

Employee Benefits

A majority (81%) of UK employees revealed that they notice increasing feelings of burnout, exhaustion, or poor mental health when they cannot take time off work, according to new research by Breathe. The HR platform for small to medium-sized businesses surveyed 1,000 UK working adults aged 18-65 and found that 25-34 year olds are the most likely age group to be suffering the effects of burnout.

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Take the 2024 Getting Paid In America Survey: Your Voice Matters!

PayrollOrg

Take the 2024 NPW "Getting Paid in America" survey to provide PAYO with valuable insights into how America's workforce is getting paid.

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People think GenAI is perfectly fine in their own work. For others, not so much

Workplace Insight

People are commonly blind to how much influence Generative AI (GenAI) has over their work, when they choose to enlist the support of technologies such as Chat GPT to complete professional or educational tasks, new research finds. The study, carried out by associate professors Dr Mirjam Tuk and Dr Anne Kathrin Klesse alongside PhD candidate Begum Celiktutan at Rotterdam School of Management Erasmus University , claims to reveal a significant discrepancy between what people consider to be an

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The Supreme Court and the Chevron Doctrine: Key Takeaways for Employee Benefit Plans

International Foundation of Employee Benefit Plans

Employee benefit plan sponsors and administrators may feel the effects of the U.S. Supreme Court’s decision to overturn the so-called Chevron doctrine for many years to come, predicts Katherine Hesse, CEBS, an Employee Retirement Income Security Act (ERISA) attorney. Hesse, who is […] The post The Supreme Court and the Chevron Doctrine: Key Takeaways for Employee Benefit Plans appeared first on Word on Benefits.

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Engage, Empower, Excel: Transforming Performance in the New Era of Work

Speaker: Radhika Samant and Adri Glover

The world of work has fundamentally changed. The series of waves that the pandemic began have rippled through the Great Resignation, quiet quitting, the Great Regret, and other eloquent phrases that boil down to the same thing: people aren’t engaged at work or enabled to perform at their best. The truth is that engagement and enablement is more important than ever, but how we do it is the critical differentiator for many organizations.

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Crossing the Rubicon?

Florida Workers' Comp

The WCI approaches next week in Orlando. It is an August tradition that has evolved over the years. In a post this weekend, I have republished a conference recap I compiled several years ago. The history is interesting on several levels and includes locations like Miami, the Dutch Inn, the Peabody Hotel, and since 2000 the Marriott World Center. I have attended and spoken many times at the WCI.

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Manager on sick leave for four years not unfairly dismissed

Employee Benefits

A woman who was sacked after being off sick for more than four years has lost her claim for unfair dismissal. Henderson, who suffered from a condition causing insomnia and brain fog, took her employer to the employment tribunal on the grounds of disability discrimination. She was employed by Maximus UK Services, which performs medical assessments on people claiming state benefits for the Department for Work and Pensions, and managed an administrative team of nine.

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Employee value proposition in action: Compelling real-world examples

Business Management Daily

As an employer or human resources manager, consider what candidates and employees bring to your business. Their work ethic, experience, education, training, and skills add value to your business. But what do you give them in exchange? Demonstrating your value to employees and candidates is often just as important as evaluating their value to your business.

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Technology failures are a major headache for small businesses

Workplace Insight

A new poll from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK. According to the survey , nearly one-quarter (23 percent) of these businesses have experienced system glitches within the past year. These technical issues are proving costly for many SMEs, with 17 percent reporting that such problems have cost their business between £500 and £999 over the last 12 months.

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How to Increase Diversity in Your Workforce Through AI Technology

Diversity and inclusion are crucial for building a strong and innovative workforce. Discover how AI technology can revolutionize your hiring process and drive diversity in your organization. Explore over 10 ways AI recruiting tools can help you identify a wider pool of candidates, enhance communication strategies, and eliminate unconscious bias. Embrace the future of recruitment and create a more diverse and inclusive workplace with AI technology.

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Round Two—Paramount Job Cuts to Affect 15% of the Workforce

HR Digest

After a lean second quarter earning report, Paramount is moving forward with job cuts to try and restabilize the company. The Paramount layoffs will affect 15% of the workforce which is estimated to impact at least 2,000 people. Along with a reduction of the US workforce, Paramount is planning to s**t down the Paramount Television Studio. The company aims to reduce its annual costs by $500 million USD before its upcoming merger with Skydance Media.

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How to support employees facing redundancy

Employee Benefits

According to CIPDs Labour Market Outlook, 21% of employers are planning to make redundancies in the three months to September 2024 [1]. Facing redundancy can be an intimidating time, therefore it is important employees are aware of their rights and have a clear overview of their finances. WEALTH at work have provided an overview of some of the key areas that employees will need to understand if they are made redundant. 1.

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Disciplinary infractions in the workplace: Types, policies & prevention

Business Management Daily

All workplaces have various policies and expectations about conduct. These standards protect the well-being of the company and its workers. A disciplinary infraction occurs when someone breaks these rules. As the name suggests, disciplinary infractions merit punishment or other sanctions. For these violations of company policies to cease, the organization must deal with them.

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Firms are betting big on the impact of AI on their business

Workplace Insight

A new report published by consulting firm Searce claims that organisations across the UK and US are making significant investments in artificial intelligence this year with nearly one in 10 decision-makers in both the UK (8 percent) and US (7 percent) planning to spend over $25 million. The 2024 State of AI report [registration] is based on a poll of 300 C-Suite and senior technology executives – including Chief AI Officers, Chief Data & Analytics Officers, Chief Transformation Officers, and

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How To Empower Your Workforce With Modern Fertility Benefits

Speaker: Andrea Wuchiski

In an era where a workforce spans multiple generations, HR managers and Total Rewards leaders face the unique challenge of designing benefits packages that cater to diverse employee needs. This session will delve into how comprehensive fertility benefits can bridge generational gaps, support employees’ health, and enhance workplace satisfaction. Join us for an insightful session that highlights the strategic importance of fertility benefits in today’s competitive job market.

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Falling inflation figures could mean an even smaller Social Security COLA in 2025

Employee Benefit News

The next few weeks will be critical as the COLA is determined on the average inflation rate in the third quarter — July, August and September — versus the average third-quarter inflation a year ago.

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Congratulations Rafael

Florida Workers' Comp

Rafael Gonzalez, Esq. is being recognized next month in Tampa at the 36th Annual Tampa Hispanic Heritage Inc. Gala. He is their Man of the Year. I had the chance to speak to him about the honor recently, and he was typically introspective. It had occurred to him that we are getting a bit older, and he joked that it has taken him 40 years to earn this honor.

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Golden handcuffs: Should employers use them on top talent?

Business Management Daily

Picture this. You just landed a high-paying job at a major company due to your talent, work ethic, and in-demand skill set. Your employers are highly impressed with your capabilities and don’t want to lose you to a competitor. To ensure you don’t leave, they slap a pair of golden handcuffs on your wrists – metaphorically, of course. In actuality, they offer you deferred financial incentives such as employee stock options, large bonuses, and attractive compensation packages.

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Health Plans Covering Fewer Drugs, Imposing More Restrictions

InterWest Insurance Services

As prescription drug costs continue growing and pricey new pharmaceuticals add to health plans’ cost burdens, some carriers are starting to reduce the number of medications they’ll cover and are imposing new barriers to accessing the most expensive ones. According to a new study by GoodRx , a website that helps people find discounts and rebates on prescription medications, Medicare Part D insurance companies in 2024 cover 54% of all drugs approved by the Food and Drug Administration,

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The Employers Guide to Controlling Cancer

About 40% of us will be diagnosed with cancer in our lifetime, and patients are getting younger. At the same time, the cost of treatment continues to rise, with employers spending 8.5% more on cancer care for each employee than they did last year. The best thing employers can do for their employees and business tomorrow is to invest in cancer detection and care today.