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Benefits administration is a critical component of human resources management, and it plays a significant role in ensuring that employees receive the compensation and benefits they deserve. With the advancement of technology, benefits administration software has become an essential tool for businesses of all sizes to streamline their HR processes. In 2023, there are numerous benefits administration software options available, each with its unique features and advantages.
A buy-in is a contract between a defined benefit pension scheme and an employer that removes longevity, market, interest and inflation risks. The parties involved include a sponsoring employer, a scheme trustee, advisers to the trustees and the insurer. If it looks like funding levels are affordable for the scheme against current expected bulk annuity pricing , trustees appoint a consultant to approach the market and insurers.
Claudia Goldin won the Nobel Prize for her gender pay gap studies. Despite progress, the wage gap persists. Explore how employers can help bridge the divide. The post Closing The Gender Pay Gap: Claudia Goldin’s Nobel Win & Strategies For Employers appeared first on Wellable.
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?
In the wake of the Covid pandemic, employee benefits have experienced a significant transformation. Increasingly, employers are focusing on benefits that enhance individual wellbeing and are easy to customize. Also, as budgets tighten, affordability is becoming a key factor. This is why pet perks continue to gain popularity. How exactly are pet-friendly solutions adding value […] The post Pet Perks: Why It’s Paws Up For This Hot Benefits Trend appeared first on TalentCulture.
The Office of Child Support Services (OCSS) released a revised income withholding order for support form (IWO) and its instructions with no substantial changes.
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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.
The Office of Child Support Services (OCSS) released a revised income withholding order for support form (IWO) and its instructions with no substantial changes.
In the dynamic landscape of recruitment, organizations are constantly seeking ways to streamline and improve their hiring processes. Recruiting automation software has emerged as a game-changer, allowing HR professionals to save time, reduce manual tasks, and make data-driven hiring decisions. As we step into 2023, we will explore the 12 best recruiting automation software platforms that are making waves in the industry.
Several months ago, in the space of one day, I attended a webinar about longevity by a financial planner, read a research report about “longevity literacy,” and attended a health education class for older adults. At the end of the day, I realized that all three of these events were interrelated. Below are nine of my key take-aways from information that was provided about living well in later life and not running out of money during your lifetime: Medical Advances - Many of the leading causes of
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 the fast-paced world of business, Human Resource Management has become increasingly vital to the success of organizations. In 2023, the demand for efficient HRMS (Human Resource Management System) software is higher than ever. These platforms are not just about automating processes; they offer solutions for talent management , employee engagement, and workforce analytics.
Estimated reading time: 3 minutes When we’re creating our recruiting strategy, we have to decide how we will bring people into the organization. I’m not talking about sourcing. I’m talking about when there’s an open job, we have to decide if we will fill it from within, hire someone from the outside, or maybe even outsource the work to a consultant.
Sponsored by rapid!, the free for PayrollOrg members' webinar "Are Paycards Still Relevant" takes place Wednesday, October 25 from 1:00 p.m.-2:00 p.m. EDT.
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 today’s fast-paced business environment, effective workforce planning has become more critical than ever. Organizations need to anticipate and manage their workforce needs to stay competitive, enhance productivity, and ensure they have the right talent in place to achieve their strategic goals. To help companies in this endeavor, various workforce planning software solutions have emerged, each offering a unique set of features and capabilities.
Currently, about 40% of people in the U.S. workforce are parents whose kids are under 18 years old. With soaring childcare costs and limited government assistance, many organizations know it’s important to support working parents more fully. However, no standards have been established that define the kind of benefits these employees should receive.
Caleb Parker, the high profile Founder of Bold has announced the launch of Brave Corporation, a “next generation” real estate company that aims to “bridge the gap between office supply and demand to mitigate the rise of stranded assets amongst the world’s largest asset class” Brave Corporation will work with investors to “reposition buildings to meet ESG standards and dynamic customer demand” before they risk becoming “stranded” The company says it
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.
Managing payroll is a critical aspect of any business, and when it comes to operating on a global scale, the complexities can multiply exponentially. In the dynamic world of international business, compliance with local tax laws and labor regulations is essential. To simplify this process and ensure accurate, on-time payments to employees, companies often turn to global payroll service providers.
Credit: Just Jus / Shutterstock.com Xtrac, a supplier of high-performance transmissions for motorsport and high-performance automotive applications, has expanded its range of employee benefits by introducing an electric vehicle salary sacrifice scheme. The Thatcham head-quartered business decided to implement the scheme to encourage its more than 440 permanent part- and full-time UK staff to transition to electric cars and help reduce their carbon footprint, while also rewarding and retaining th
Hybrid working changes everything it seems. To make it work successfully we need changes in the way people need to be managed, trained and inducted. It changes the needs for communication and social connectivity, goal setting and connection to vision. It requires greater clarity on what is acceptable and what isn’t. Employees must take on new grown-up obligations and organisations are required to ‘trust’ and employees to be ‘trustworthy’.
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!
In the ever-evolving landscape of talent acquisition, organizations are continually seeking innovative solutions to identify, attract, and retain the best talent. RecruitmentSmart, an industry-leading AI talent intelligence recruitment platform, has emerged as a game-changer in the recruitment sphere, combining cutting-edge technology with a deep understanding of human resources.
Two-thirds (65%) of UK employees would be prepared to take a pay cut for a better job, according to research by Indeed. The global hiring platform’s Better work 2023 report, which surveyed more than 5,000 workers, also found that the mean pay cut respondents would be willing to take is 9.2%, which equates to £3,036 less per annum based on an average salary of £33,000.
Commercial real estate occupiers are willing to put their money where the tech is, according to new polling from JLL’s 2023 Global Real Estate Technology Survey. Ninety-one percent of occupier respondents are willing to pay a premium for tech-enabled space as they look to technology for strategic value and increased revenue. In fact, real estate tech budgets are set to grow faster than investments in?
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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