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Acupuncture. Dog food. Motion sickness wristbands. What do these three items have in common? They’re all eligible medical expenses under your health accounts. We looked far and wide to identify the Top Ten Weirdest Eligible Expenses. And the results are… 1. Acupuncture First, treat yourself to an acupuncture appointment and let them stick it to you.
International Foundation of Employee Benefit Plans
JANUARY 11, 2024
As the rate of digital transformation continues to accelerate across all industries, poor cybersecurity remains a pressing threat to employers and benefit plan sponsors. Awareness of nine common cybersecurity myths can help employee benefit plan stakeholders better understand their plan’s risk posture […] The post Dispelling Cybersecurity Myths for Benefit Plans appeared first on Word on Benefits.
Credit: Looker/Studio-Shutterstock Need to know: Artificial intelligence (AI) is already starting to impact the world of benefits and reward, in areas such as benefits selection, administration and modelling potential strategies. Employees can also gain through personalised recommendations and support with questions. But concerns remain over data security and the lack of emotional intelligence in AI.
International Foundation of Employee Benefit Plans
JANUARY 9, 2024
The idea of a sabbatical strikes many people as strange. Being able to pause your current work life to explore other aspects of life sounds great, but it just doesn’t seem like a realistic option for anyone building their career, in a […] The post Sabbaticals: Goals, Costs and Risks appeared first on Word on Benefits.
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 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.
Edtech business Ling employs more than 40 people, with many working remotely and based in different parts of the globe. The gamified language app was launched in 2017, and initially offered its growing employee base what chief executive officer (CEO) and co-founder Simon Bacher calls a traditional approach to benefits. “As we grew, we recognised the need to evolve,” he says.
Mutual funds are 100 years old this year, but they have a formidable competitor for investor dollars. In recent years, exchange-traded funds (ETFs) have been gaining market share versus mutual funds. This post describes what ETFs are and how they differ from mutual funds. Like mutual funds, exchange-traded funds (ETFs) are a popular investment that provides broad diversification that helps reduce investment risk.
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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.
Mutual funds are 100 years old this year, but they have a formidable competitor for investor dollars. In recent years, exchange-traded funds (ETFs) have been gaining market share versus mutual funds. This post describes what ETFs are and how they differ from mutual funds. Like mutual funds, exchange-traded funds (ETFs) are a popular investment that provides broad diversification that helps reduce investment risk.
A new poll from Scalable Software of 2,000 UK knowledge workers claims more than a third (35 percent) resent being told they have to go into the office for a set number of days. Half (50 percent) of respondents say their employer has “productivity paranoia” over employees working away from the office, with 62 percent reporting their organisation has implemented a return to office policy within the last two years.
As we stand at the precipice of 2024, a revolution – not an evolution – awaits. The architects of this revolution are the bold and forward-thinking leaders in human resources. The year ahead demands courage and audacity. It is a crucible where tradition and innovation clash, forging a new paradigm in workforce dynamics. The year demands that the pulse of innovation beats strongest within the corridors of a dynamic and future-focused HR strategy.
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.
From embracing cutting-edge AI technology trends to optimizing customer engagement, the latest business strategies may sound promising. However, for some businesses, jumping on the newest fads can be a risky move. What’s most important is establishing a solid foundation that makes the execution of business strategies conducive to sustainable growth – and it all starts with investing in your front-line managers.
Are you aiming to cultivate a vibrant company culture that keeps your team engaged and supercharges productivity? Well, Corporate reward programs offer a comprehensive solution to building a positive company culture. Designed with the aim to make every effort count, these programs can work wonders for companies that prioritize their employees. This blog serves as a guide, providing essential information on reward programs to help you create your own.
In the UK, tackling absenteeism in the office requires employers to understand and fulfil their legal obligations regarding the health, safety, and welfare of their employees. The law mandates that employers must do what is reasonably practicable to protect their employees’ health, safety and welfare, including mental health, as well as the health of others who might be affected by their work activities.
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.
Creating a budget is often a daunting task, especially when it comes to creating one for the human resources department at your organization. However, planning an annual HR budget is crucial since it helps you manage and allocate resources effectively. Whether you're a small employer or part of a large corporation, having a well-thought-out HR budget can contribute to the success of your overall business strategy.
Did you know that the average New Year’s resolution lasts just 3-4 months? Learn the science, strategies, and benefits behind habit formation in the workplace. The post Habit Formation In The Workplace: Science, Strategies, & Benefits appeared first on Wellable.
How can the independent sector and choice make a dent in reversing the increasingly high number of United Kingdom healthcare patients waiting for treatment? In this LaingBuisson News article, Sharon Lamb examines the latest waiting time data and offers perspective on potential solutions. Read more here. The post UK Healthcare Waiting Lists: Will Choice Make a Difference?
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
Stepping into a new leadership role is an exciting time. But once you’ve celebrated your new role and updated your LinkedIn profile, there will also be a lot of challenges to navigate as a new manager. From building a rapport with your team to problem-solving roadblocks that spring up in your new role, being a new manager comes with a lot of new responsibilities.
Read PAYO’s article, “How Employers Help Connect Kids to Health Insurance” in the December edition of the Child Support Report, published by the federal Office of Child Support Services.
The Protect Illinoisans from Unfair Medical Debt bill will require Illinois hospitals to take a much more active role in limiting consumers’ medical debt. The bill puts into place four primary requirements designed to reduce the medical debt burden of individuals receiving care. These requirements will apply to services provided on or after June 29, […] The post New Illinois Protections Against Patient Medical Debt May Also Help Reduce Hospital Bad Debt appeared first on EMPLOYEE BENEFITS
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.
Is your organization ready for 2024? You have a lot on your plate as an employer or human resources professional. Staying compliant with federal, state, and local laws is essential. But with all of the dates, deadlines, and regulations, it can be challenging to remember all your compliance obligations.
Studies show that for every major workplace injury or fatality, there are nearly 10 minor injuries — and more than 30 accidents that lead to property damage. While minor injuries may not seem consequential, they can be indicators of structural problems in an employer’s safety standards. Capturing data even on minor incidents that may seem trivial can be critical in informing efforts to prevent much greater dangers in the future.
How can HR professionals elevate their game to attract talent and spearhead innovative strategies? In this ManageHR article, Elizabeth Vassolo, McDermott’s Global Head of Employment Brand, shares her perspective on emerging HR trends, highlights a game-changing project and offers actionable advice. Read more here. The post How to Drive Employee Engagement and Reshape Talent Acquisition appeared first on EMPLOYEE BENEFITS BLOG.
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