Sat.Nov 18, 2023 - Fri.Nov 24, 2023

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8 Employee Benefit Ideas to Help Retain Remote Workers

COMPackage

Despite having been around for a while now, the popularity of remote work quickly increased during the COVID-19 pandemic. Working from home not only allowed employers to potentially save on future costs and manage the challenges brought about by the pandemic, but also offered their employees flexibility and autonomy. Some employees work from home primarily because they live too far from the office to commute, possibly in another state entirely.

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Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. Offering choice regarding how a total reward statement is delivered to an employee is key to ensuring effective engagement. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them.

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From Debt to Zen: Transforming Financial Stress to Financial Serenity

International Foundation of Employee Benefit Plans

As 2023 comes to an end, many Americans are struggling to achieve the goal of living without financial liabilities as credit card debt in the U.S. hit a new record high, surpassing $1 trillion, according to the New York Federal Reserve Bank. […] The post From Debt to Zen: Transforming Financial Stress to Financial Serenity appeared first on Word on Benefits.

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IRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to inflation.

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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC

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.

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How AI can help employers support employee fitness

Employee Benefit News

As workplaces evolve, harnessing the power of AI can help organizations across industries rethink employee well-being.

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What Can We Make of Customer Reviews? Lessons from the Restaurant Industry

3Sixty Insights

Every time I have a negative interaction with a company, I immediately seek out their online reviews—and I’m not surprised when I find many that echo and substantiate my own experience. What I do find surprising are the choices many business owners make in responding to those reviews. Attempts to refute negative comments by painting unhappy customers as “bad,” alleging that competitors are trying to sink their brands, or accusing the platforms of extorting them with bad algorithms are shockingly

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Half of work related illness is down to stress, depression or anxiety

Workplace Insight

Nearly two million workers in Great Britain reported suffering from work-related ill health in 2022/23, according the latest annual statistical report from the UK’s Health and Safety Executive. The statistics reveal that 1.8 million workers reported they were suffering from work-related ill health in 2022/23, with approximately half of the cases down to stress, depression or anxiety.

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Rosalynn Carter and 10 other notable mental health advocates

Employee Benefit News

As the need for mental health continues to grow, public figures have long fought to shake off stigma.

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69% of women had negative experience at work due to menstruation symptoms

Employee Benefits

More than two thirds (69%) of women have had a negative experience at work due to menstruation symptoms , according to research by the Chartered Institute of Personnel and Development (CIPD). The professional body for HR and people development’s report Menstruation and support at work , which surveyed more than 2,000 women, found that the most common reported symptoms include abdominal cramps (60%), irritability (52%), fatigue (49%) and bloating (49%).

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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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How to Recruit Top Talent without Treating It Like a Chore

HR Digest

Among reports of increasing job dissatisfaction and high employee attrition rates, many companies are caught wondering how to recruit top talent and retain top talent as well. While many are able to attract effective workers with hefty packages, not everyone can convince employees to stay either. Pew Research Center found that 43 percent of young workers have stayed with their employees for over three years, but on the other hand, 40 percent have spent less than 12 months with their employers.

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Council Guest Post: A Guide to Leveraging Payrolls Rich Data

3Sixty Insights

The following is a multi-part series of micro-blogs, guest authored by Annemarie Verwaaijen, MSc, MBA, Vice President, Global Head of Pay Services for S&P Global, and a 3Sixty Insights Executive Council member. A Guide to Leveraging Payrolls Rich Data It is easy to become overwhelmed with so much data available in payroll. The easiest place to begin, and where most companies will start, is by counting the errors or defects.

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Remote work beats out salary as the most important thing to employees

Employee Benefit News

Flexjobs surveyed over 8,000 workers about how they feel about return-to-office mandates, and the results are in.

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42% of employers plan to reduce flexibility for staff in 2024

Employee Benefits

Approximately two-fifths (42%) of employers plan to reduce flexibility or offer less of this to their employees in 2024, according to research by Barnett Waddingham. The independent consultancy, which surveyed 302 HR directors and C-suite professionals, found that this could see as many as 588,000 employers planning to offer reduced flexibility to working arrangements.

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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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How to support remote employees' health and well-being

PeopleKeep

Roughly 41% of U.S. employees 1 work remotely for either some or all of their work hours. This non-traditional work arrangement helps employers save money, gives workers more freedom, and even boosts business productivity. But, not being in a physical office location can leave remote employees feeling isolated from their teammates and more prone to burnout.

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Future Of The Workplace In 2024: 8 Predictions & Employer Strategies

Wellable

Big changes are on the horizon for 2024. Discover 8 future of the workplace predictions and practical strategies for employers. The post Future Of The Workplace In 2024: 8 Predictions & Employer Strategies appeared first on Wellable.

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Employers must follow the evidence when it comes to covering obesity medications

Employee Benefit News

Supporting the health of employees can help prevent serious chronic conditions, and the financial impact that comes along with them.

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Barratt Developments hires new group HR director

Employee Benefits

Barratt Developments has appointed Sally Austin its new group HR director , becoming a member of the Barratt executive committee and reporting to chief executive David Thomas. Austin will continue the people strategy for Barratt, prioritising diversity and inclusion, engagement, talent management, and employee health and wellbeing in particular. She joins from Wincanton, where she was chief people officer from 2019 to 2023.

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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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Guide to Local Payroll Taxes Updated for 2024

PayrollOrg

Need help with local payroll taxes? Check out this great local payroll compliance research tool from PayrollOrg, updated for 2024!

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AI in HR: Revolutionizing the Future of Human Resources

Darwinbox

From cost savings to improved performance, AI has had a significant impact on every aspect of HR. In this article, we will explore how AI-powered tools are increasing efficiency in hiring processes, improving employee satisfaction, enhancing data analysis, streamlining onboarding and training, and reducing bias and discrimination. You will also learn about the challenges that AI brings, and read about successful examples of implementing AI in HR.

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20 companies with adoption benefits and financial support

Employee Benefit News

The Dave Thomas Foundation for Adoption released its annual list of companies prioritizing family-building benefits for everyone.

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Exclusive: Central Co-op launches financial support benefit for staff

Employee Benefits

Retailer Central Co-op has launched a financial support benefit across its support centre, food and funeral operations teams. The Co-op Credit Union benefit will form part of Central Co-op’s overall wellbeing offer. It will enable employees to access a range of tools, services and resources to support their mental health, money and the rising cost of living.

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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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What is Strategic Human Resource Management? How can it Help You Ensure Effective And Unprecedented Business Growth?

Qandle

In today’s digital era, as businesses are expanding and expanding their global networks, the importance of HR is becoming clearer. But, as industry trends and business complexities keep changing, HR leaders must take a step back to review the processes undertaken by the team. Moreover, the HR team must play numerous roles such as long-term planning, capacity building, talent recruitment, appraisal management, and much more.

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What Is a Strong Company Culture? One That Is Built on Trust and Respect

HR Digest

Having a lively company culture is exciting and working with a serious company culture means good business, but what is a strong company culture? Strong organizational cultures are well-defined, well-supported company cultures that prioritize the company vision and strive to create a positive work environment for the entire workforce. Strong company cultures go beyond a cursory mention in the employee handbook and organizations need to actively plan out how to communicate effectively with employ

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Mindset matters when it comes to setting goals for retirement

Employee Benefit News

Goldman Sachs Asset Management utilized behavioral finance to address what makes retirement planning successful.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The electricity distributor produces a TRS every year which it publishes both on its online reward platform and in the form of a booklet. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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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.