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International Foundation of Employee Benefit Plans
MAY 17, 2023
When it comes to employee benefits, tried-and-true offerings like employer-paid health insurance and matching retirement savings plan contributions have remained at the head of the class among soon-to-be U.S. and Canadian college graduates over the years. According to a survey from The […] The post Workplace Benefits Valedictorians: What the Graduating Class of 2023 Want appeared first on Word on Benefits.
Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2024. All of the dollar limits currently in effect for 2023 will change for 2024, with the exception of one limit. […] The post IRS Announces 2024 Limits for Health Savings Accounts, High-Deductible Health Pla
For a big church with several pastors, responsibilities are often shared. However, solo pastors at smaller churches often carry the weight of all responsibilities on their own. For that reason, it's not uncommon to see exhaustion and burnout among these religious leaders. A health benefit is necessary to care for your pastor's well-being.
Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?
Have you heard about Online GP? It’s our new, inclusive, and cost-effective physical wellbeing benefit making a significant impact on businesses and employees. What is Online GP? Online GP is our digital health platform that provides your employees with the right care at the right time. Whether they need to speak to a healthcare professional or have their prescription delivered to their door, Online GP provides access to appointments – 24 hours a day, 365 days a year, from anywhere in the world.
On the surface, the world of payroll can be deceivingly tranquil. But beneath the surface, payroll professionals work tirelessly to navigate multiple deadlines and responsibilities to ensure compliance, accuracy, and timely employee payments. The seminar "How Payroll Leaders are Overcoming the Challenges of Global Payroll" presented by Lisa Weckman, Vice President of Product Management at Ceridian, highlighted the struggles faced by payroll professionals globally.
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On the surface, the world of payroll can be deceivingly tranquil. But beneath the surface, payroll professionals work tirelessly to navigate multiple deadlines and responsibilities to ensure compliance, accuracy, and timely employee payments. The seminar "How Payroll Leaders are Overcoming the Challenges of Global Payroll" presented by Lisa Weckman, Vice President of Product Management at Ceridian, highlighted the struggles faced by payroll professionals globally.
Demand for financial savings on day-to-day shopping and living expenses via employee perks and benefits continues to rise, new data analysis by provider HIVE360 has revealed. March and April user data for HIVE360’s employee benefits app Engage confirms employees are using financial benefits more, with downloads of shopping discounts for retailers including Tesco, Sainsbury’s, Asda, and Morrisons up by 10 percent month-on-month.
If you are a business owner, HR manager, or payroll administrator in India, understanding payroll processing is essential for your business’s smooth operation. From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. However, navigating the complex legal landscape and finding the right software solutions can be a daunting task.
As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.
In today’s fast-paced and noisy world, it is becoming increasingly important for organizations to foster a culture of quiet thriving in the workplace. While extroversion and outspokenness are often celebrated and encouraged, it is equally important to create an environment that values introverts and recognizes the power of quiet and reflection.
Unlike 99% of my Money Talk posts, this one is different. It is not specifically about a personal finance topic such as inflation, investing, or retirement planning. However, the topic (language) does have financial implications. How so? The way that people speak and present themselves in the business world and are perceived by others can affect their job opprtunities, income, and experiences as consumers.
ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.
In the digital age, businesses are constantly seeking ways to enhance employee productivity and efficiency. One effective strategy employed by organizations is the use of employee productivity tracking tools. These tools provide insights into employee performance, identify areas for improvement, and streamline workflow processes. With the rapid advancements in technology, there is a wide array of productivity tracking tools available in the market.
Need to know: Employees are set to struggle with juggling work and childcare as the annual school summer holidays approach. Employers can help by offering flexible work arrangements, discounted leisure and dining vouchers, and signposting staff to government support. Employers that can be seen to help will benefit from more productive and motivated staff.
Networking usually involves meeting new people who share a profession, industry, or interests. But how do you network, and why is networking so important?
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.
Recruitment is a critical process in any organization, aimed at identifying and selecting the best-suited candidates for available positions. While recruiters often focus on evaluating a candidate’s qualifications, skills, and experience, it is equally important to consider inclusivity and diversity in the hiring process. One aspect that deserves special attention is how recruiters handle candidates who stutter.
You’d be hard-pressed to find a business executive today who doesn’t believe their people are the organization’s most valuable asset. So why do so many of those same leaders not consider HR a strategic function? Why do HR leaders still have to fight for a seat at the table? According to Gartner, 58% of organizations say a lack of relevant metrics to track HR progress is one of the top barriers to effective strategic planning.
Manchester-based digital product and service firm Code Computerlove has appointed Hannah Pickford (pictured) as people and culture lead. Pickford joins from social media marketing agency Social Chain, where she was happiness manager. She will focus on overseeing the firm’s overall employee experience , through onboarding, recruitment, benefits and events, and supporting learning and development.
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!
Workflow management is an essential aspect of business operations in today’s fast-paced world. It ensures the efficient and effective completion of tasks and projects by streamlining processes and improving communication among team members. As businesses continue to grow, workflow management software has become increasingly important. In this article, we will discuss the best workflow management software in 2023. 1.
In today's fast-paced business landscape, the concept of "Employee Perks Program" has emerged as a game-changing strategy that fosters a thriving work environment. Employees now want more than just salaries from their employers. They want a competitive benefits package to motivate them and improve their satisfaction. This innovative approach goes beyond the standard compensation package.
With around half its workforce made up of parents , e-learning organisation VinciWorks took the decision back in 2017 to offer employees the ability to self-manage their holiday policy, without having to formally book time off work. Josh Goodhardt, chief executive officer of VinciWorks, says: “The idea is that the more freedom we give employees, the more responsibility we can expect employees to take.
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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