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

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2024 health benefits strategies: A guide to reducing costs while supporting employee well-being

Employee Benefit News

With innovative offerings and consistent education, employer benefits packages better meet the needs of all involved.

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42% of working parents want better pay and family support

Employee Benefits

Two-fifths (42%) of working parents admitted to looking for alternative work in 2024 with higher pay and better family life support, an increase of four percentage points on 2023, according to research by childcare provider Bright Horizons. Its annual Modern families index, which surveyed more than 3,000 working families, found that the number of employees who feel their employer is supportive of family life has dropped, from 77% last year to 72% this year.

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What is hybrid work? Definition, benefits, and best practices 

Achievers

The new normal isn’t so new anymore, and its staying power is perhaps most evident in the many organizations that have adopted a hybrid work model. Hybrid work helps organizations and employees realize the benefits of remote work without sacrificing the familiarity and stability of traditional in-person workplaces. Let’s take a look at how and why organizations are increasingly turning to hybrid work arrangements — and see whether it might be a fit at your company.

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Do You Know Your Income Tax Rates?

Money Talk

With 2023 tax season well underway, now is a good time to examine income tax rates, which are a percentage of taxpayers’ income that is taxed. The U.S. income tax system is progressive, which means that taxes take a larger percentage of income from taxpayers with higher taxable incomes. Federal marginal income tax rates are established by Congress and change periodically.

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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 Is IN / OUT in the Year Ahead? Start Creating Artificial Intelligence Experiments

HR Bartender

Estimated reading time: 3 minutes Artificial intelligence (AI) is dominating today’s news cycles. What companies are using AI? What is this person or that person saying about the future of AI? What snafu did AI do lately? Don’t get me wrong. These articles can be helpful in understanding AI and its capabilities. But the other thing that can be helpful is actually working with it.

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Employee Reskilling Is The Answer to the Talent Shortages At Work

HR Digest

The need for reskilling and upskilling in the working environment has been at the forefront of many HR conversations and employee reskilling especially is likely to require considerable investments in the upcoming years. While keeping up with changing times has always been a necessary consideration regardless of the industry, the rapid upsurge of technology recently has really highlighted the need for reskilling programs in order to understand how to do a job you might have been doing for years

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Changing shape of workplace is creating new opportunities for property market

Workplace Insight

After a challenging environment for commercial real estate in 2023, its fallout provides investors, developers and corporate occupiers with significant opportunities for value creation and transformational organisational change in 2024, says leading property management and investment firm, Colliers (EMEA) in its new market commentary: ‘ Engage, activate and accelerate performance: next generation real estate strategies’ [registration].

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41% of employers expect increased demand for mental health support

Employee Benefits

Mental health support will be the most in-demand health and wellbeing benefit in 2024, according to research from Towergate Health and Protection. The survey of 500 HR professionals found that 41% are expecting to see an increase in demand for mental health support from their employees. A third (34%) cited that they expect to see an increase in support for financial health this year.

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Empowering women in the workplace: Strategies for success and mutual support

Employee Benefit News

Mentorship, networking and peer connections can pave the way for more women in leadership.

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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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What is Time and Attendance Management in HR?

Darwinbox

Time is a precious resource, especially within the realm of human resources (HR). Effective time management is vital for organizations to run smoothly and efficiently. This is where time and attendance management comes into play. This article provides an overview of the importance of time and attendance management in HR. It discusses the benefits of implementing a time and attendance management system and the various features that can be utilized.

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Many people would forgo a pay rise in favour of flexible working

Workplace Insight

A new poll claims that nearly 50 percent of respondents would reject a substantial 15 percent pay increase if it meant forfeiting workplace flexibility, even in a challenging financial climate. Despite attractive flexible working policies outweighing the need for increased remuneration, the research – conducted by PayFit – claims that a sizable 83 percent of those surveyed felt improvement was needed to their current workplace’s flexible policies.

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AstraZeneca and Novo Nordisk named best places to work for women in 2023

Employee Benefits

Biopharmaceutical firms AstraZeneca and Novo Nordisk have been named among the best places to work for women in 2023 globally. Best Places to Work, the workplace excellence certification programme, evaluated global organisations based on their policies, practices and benefits that support and empower women in the workforce. The certification underscores the commitment of organisations to gender equity and diversity , the creation of inclusive workplaces that foster professional growth, and the p

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HR leaders and recruiters reveal the secrets to early career success

Employee Benefit News

From resume tips to interview protocols, experts share their advice for getting your career off on the right foot.

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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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New Rules Make Tracking Long-Term, Part-Time Employee Service a Full-Time Job

McDermott Will & Emery Employee Benefits

Under the SECURE Act and the SECURE 2.0 Act, employers must provide so-called long-term, part-time employees – i.e., those who complete at least 500 hours of service in three consecutive years (reduced to two years in 2025) and are at least 21 years old – the opportunity to make elective deferrals under their 401(k) plans and, […] The post New Rules Make Tracking Long-Term, Part-Time Employee Service a Full-Time Job appeared first on EMPLOYEE BENEFITS BLOG.

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Why changing with the seasons is key to the all-weather workplace

Workplace Insight

Love it or hate it, weather chat is part of Britain’s day to day – yet in the world of work it’s not just casual small talk. In fact, the seasons have a real impact on how we feel and perform. The change in seasonal characteristics influences what employees need from where they work. Looking after employee wellbeing and putting individuals in the best position to be productive at work means different things throughout the year.

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Kerry Hudson: Change in flexible-working arrangements for 2024

Employee Benefits

Employees will have more rights to ask for flexible-working arrangements under new legislation coming in this year. Workers with 26 weeks of employment can ask for flexibility on how, where and when they work. Where employers previously did not need to consult with workers before giving their decision, they will now be expected to, and to provide their response within two months instead of three.

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3 ways to help employees catch cancer sooner

Employee Benefit News

Early detection can reduce late-stage diagnosis, cutting costs and saving lives.

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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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It’s Never too Late to Detour From the Wrong Ethical Route

McDermott Will & Emery Employee Benefits

A civil enforcement action against a healthcare company reveals a straightforward lesson: It’s never too late for leaders to make the right decision. In this Forbes article, Michael Peregrine discusses the government’s complaint and offers takeaways for corporate boards. Access the article. The post It’s Never too Late to Detour From the Wrong Ethical Route appeared first on EMPLOYEE BENEFITS BLOG.

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New York Governor Proposes Paid Leave for Prenatal Care

PayrollOrg

New York would be the first state in the nation to require employers to provide employees with paid leave for prenatal care, under a proposal from the governor.

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Super Bowl winners can receive bonus payment worth $164,000

Employee Benefits

Credit: kovop / Shutterstock.com Last weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player and wondered how much they can earn as a bonus, then read on!

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10 highest-paying jobs for talent with associate degrees

Employee Benefit News

Resume Genius highlighted jobs that make above $65,000, have steady projected growth and only require an associate degree.

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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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Helsinki announces plans for new Museum of Architecture and Design

Workplace Insight

Helsinki City Council has voted to provide a donation of 60 million euros to the foundation responsible for establishing the new national museum of architecture and design. The Finnish state will match this funding, with an additional 30 million euros to be raised from private donations. With these commitments in place, an international design competition for the new museum building will be launched in April.

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ACA Employer Shared Responsibility Payments Adjusted for 2025

PayrollOrg

The IRS has updated the employer shared responsibility payment amounts for 2025 under the Affordable Care Act (ACA).

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Digital healthcare… enhancing employee wellness at every age

Employee Benefits

The UK retirement age is rising, keeping employees in work for longer. Absenteeism is at a 10-year high, costing businesses billions a year. Taking steps to keep employees healthy will yield a return, and there are many ways to do so, including mental and financial wellbeing solutions. One thing for sure is that getting employees the medical help they need more quickly is essential, and this is where a Virtual GP and digital healthcare platform comes into its own.

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New class of weight-loss drugs may be worth the investment

Employee Benefit News

Supporting employees with a benefits plan that includes wellness and weight-loss options can create more than cost savings.

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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