Sat.Nov 25, 2023 - Fri.Dec 01, 2023

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Unhappy staff take nine more sickness days on average per year

Employee Benefits

Unhappy employees take nine more sickness days on average per year as opposed to their happier counterparts, according to new research by WPI Economics. Commissioned by employee benefits provider Unum UK, the survey of more than 4,000 UK employees revealed that this is costing the economy £11 billion per year through lost productivity, and that the average unhappy, unproductive worker loses nine hours of productive time per week.

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Confessions of a benefits manager: Candid experiences a different office

Employee Benefits

Why is it always me that gets seconded to work on mergers and acquisitions? What makes it worse this time, is they have sent me to Coventry. Literally. I have to work there three days a week to help with preparing for the sale. It is ridiculous because the data ‘room’ is virtual anyway, but all the key Higher Beings involved in the project work out of that office and someone has decided I should be there too.

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What You Need to Know About Beneficiaries

BerniePortal

What Is a Beneficiary? A beneficiary is an individual who is chosen to receive the benefits of property, typically in the event that the owner passes away. The benefits are often monetary, but they can also be anything else of value that is being passed down.

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Compliance TV: IRS Announces 2024 COLAs; Two States, Virgin Islands Subject to FUTA Credit Reduction for 2023; and more

PayrollOrg

In this December 2023 edition of Compliance TV: IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals, Foreign Earned Income Exclusion, and More; Two States, Virgin Islands Subject to FUTA Credit Reduction for 2023; SSA Offers Tips to Employers Before Filing Season Begins; IRS Provides More Information on ERC Withdrawal Process.

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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

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The Ultimate Guide to HRMS

Darwinbox

An HRMS is a powerful tool that can revolutionize your HR processes and drive your organizational success. In this ultimate guide, we dive into the benefits of incorporating an HRMS into your company’s core systems. We'll also explore key features of an HRMS such as employee data management, recruitment and onboarding, performance management, time and attendance tracking, and training and development.

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Where are the iconic office furniture products of yesterday?

Workplace Insight

Over the past week or so, this image has gone viral on social media. It is of a group of Bauhaus design students from around 1927. They are called Martha Erps, Katt Both and Ruth Hellos. The full image (reproduced below) shows them with legendary office furniture designer Marcel Breuer, who Erps would later marry. The story of the photograph can be found here.

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Latest Salary Survey Digs Deep Into the Payroll Profession

PayrollOrg

The biennial survey, the 2023 Payroll Industry Report: Results of PayrollOrg’s Survey of Salaries & the Payroll Profession, is a comprehensive overview of the payroll function, providing a wealth of useful statistics and discernible trends, published as a convenient eBook.

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66% of full-time UK staff think contributory pensions are important

Employee Benefits

Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man. Its 2023 Non-salary benefits global survey, which polled more than 2,000 full time UK and expat workers in Singapore, Hong Kong, the United Arab Emirates (UAE) and South Africa, also found that 57% of Hong Kong expatriate full-time employees and 36% of expatriate full-time United Arab Emirates (UAE) workers view contributory pensions as impor

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Millennials are on track for better retirement than boomers, Vanguard study finds

Employee Benefit News

Baby boomers may be wealthier, but millennials have benefited from a number of retirement reforms, new research shows — and they still have more time to save.

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4-Week Roadmap for New Hires

Nearly one-quarter of employees (23%) admit they’ve cried within the first week! Give new hires a positive start with this four-week onboarding roadmap. This schedule outlines all the turns, detours, and speedbumps new hires can expect in their first month. We’ve included suggestions for each week to help you make your new employees’ highway to success an easy road.

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Flexible workspace market will be worth up to $50bn by end of decade

Workplace Insight

According to a new market intelligence report , the worldwide flexible workspace market could exceed between 35 and 50 billion US dollars by 2030, reflecting the growing demand for flexible and agile work environments. The report claims that the escalating demand for flexible workspaces is on the rise, propelled by a heightened desire for convenience and comfort in prime locations such as offices and auditoriums.

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360-Degree Feedback Programs To Help Your Company Grow

HR Digest

The term 360-degree feedback has gained global popularity with reports from Forbes indicating that more than 85 percent of Fortune 500 companies use 360 feedback to review their employees regularly. A 360-degree appraisal system provides an elaborate set of criteria to evaluate an employee. The evaluation report is a compilation of feedback from managers, peers, and juniors.

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5 ways anonymous employee feedback will increase your engagement levels

Employee Benefits

Ever wondered what turns a regular workplace into a hub of enthusiasm and innovation? Enter anonymous employee feedback – the simple secret that not only makes everyone feel heard and valued, but also turbocharges your engagement levels. Discover how the simple act of listening can turn improve your organisation’s engagement tenfold. 1. Feedback empowers your people to be more creative When you give your employees a trusted platform to express their ideas and perspectives, a culture of innovatio

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Second Circuit Establishes Practical Pleading Requirement for Prohibited Transaction Claims Under ERISA Section 406(a)(1)(C)

Proskauer's Employee Benefits & Executive Compensa

The Second Circuit recently held that in order to state a claim for a prohibited transaction pursuant to ERISA section 406(a)(1)(C), it is not enough to allege that a fiduciary caused the plan to compensate a service provider for its services. Instead, “the complaint must plausibly allege that the services were unnecessary or involved unreasonable compensation.

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How to Make The Best Benefits Decisions for 2025's Workforce: An HR and Total Rewards Guide

Speaker: Kaitlin Ruby Carroll

Retaining top talent in 2025 means rethinking benefits. In a competitive job market, fertility benefits are more than just offerings - they are a commitment to your team’s well-being. Gain critical insights into the latest fertility benefits strategies that can help position your organization as an industry leader. Our expert will explore the unique advantages and challenges of each model, share success stories from top organizations, and offer practical strategies to make benefits decisions tha

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Appetite for hybrid working shows no sign of letting up at large firms

Workplace Insight

The ongoing advancements in technology have made remote collaboration more feasible and seamless than ever before. Collaboration tools have become essential in ensuring the coexistence of the digital and physical workplace, both internally with employees and externally with clients. And in 2023, companies have been posting hybrid working related roles in record numbers, according to a new report from GlobalData.

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California Wage Law Puts ‘Band-Aids’ on Healthcare Worker Shortages

McDermott Will & Emery Employee Benefits

While California healthcare workers will see their pay increase over the next several years thanks to a new state law, industry analysts say more must be done to address healthcare workforce shortages. In this Bloomberg Law article, Michelle Strowhiro offers insight into the pressures facing healthcare providers. Access the article. The post California Wage Law Puts ‘Band-Aids’ on Healthcare Worker Shortages appeared first on EMPLOYEE BENEFITS BLOG.

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Study: 93% Of Workers Value Well-Being As Much As Salary

Wellable

93% of workers value well-being as much as salary. Organizations must rethink what drives job satisfaction to attract and retain top talent. The post Study: 93% Of Workers Value Well-Being As Much As Salary appeared first on Wellable.

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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

We are slowly witnessing the resurgence of Human Resource Management, with companies actively investigating how HR teams can contribute to business growth. For years, HR teams have largely been delegated to admin tasks and rote hiring activities, but there are innumerable ways by which HR can contribute to business success. HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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Ding! Dong! IN Magazine Issue 18 is available now for you

Workplace Insight

Well Christmas may get earlier every year, but the digital version of issue 18 of IN Magazine is right on time to deliver all your festive workplace thinking. In this issue: why the world’s biggest tech firms may no longer offer the best blueprint for working culture; Nigel Oseland doesn’t like Half Man Half Biscuit for some reason but does have a lot of great things to say about evaluating offices; you can’t just copy the design of an office you like and expect it to work the

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Doctors Question Medicare Quality Program as More Face Steeper Penalties

McDermott Will & Emery Employee Benefits

A Medicare program designed to incentivize high-quality care via physician bonuses is in doubt as providers say it’s caused more trouble than it’s worth. According to this Axios article, the Merit-Based Incentive Payment System has created a disparity between bonus winners and losers, and this disparity is only expected to grow. Access the article.

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Are Ozempic & Other Weight-Loss ‘Wonder Drugs’ The Ultimate Weight Loss Solutions, Or Just Hype?

Wellable

Ozempic: From diabetes treatment to a weight loss 'wonder drug'. Explore its rise, insurance strategies, and solutions for employers to support weight management. The post Are Ozempic & Other Weight-Loss ‘Wonder Drugs’ The Ultimate Weight Loss Solutions, Or Just Hype? appeared first on Wellable.

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Common challenges of management and how to overcome them

Business Management Daily

What does being a manager involve? A better question might be “What doesn’t it?” Managers play a crucial role in virtually all areas of the business environment — from day-to-day operations to employee performance to company growth. And, while attending to all these responsibilities, managers also must look out for their own present and future well-being.

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Transform Employee Wellbeing and Control Costs Through Data-Driven Strategies

In today's dynamic business environment, HR leaders face immense pressure to optimize costs while maintaining a competitive edge to attract, retain and engage their workforce. Gallagher can help you meet that challenge head-on. Our proprietary data and people analytics platform, Gallagher Drive ® , provides the elevated insights you need to make impactful program decisions that are aligned with your organizational goals and set your strategy up for long-term success.

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Creating the epicentre: unlocking the untold benefits of next-generation office spaces 

Workplace Insight

Many associate the notion of futuristic office spaces, filled with equipment like sleep pods and beer taps, with companies that have a young workforce or challenger brand identity. The association is often linked to tech giants like Google, which created quite a stir when it originally revealed its indoor slides. Whilst the inclusion of playground furniture in the office is not right for every business, the assumption that unconventional workspaces should be limited to unconventional companies s

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Small businesses are outhiring large employers — but can they afford to retain them?

Employee Benefit News

Tina Wang, VP of HR at ADP, breaks down how small businesses can retain new talent despite their financial limitations.

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The Ultimate Guide to HRMS Cloud Solutions

Darwinbox

HRMS cloud solutions are software-as-a-service (SaaS) applications that provide businesses with a comprehensive and integrated platform to effectively manage all aspects of their HR operations. But that's not all -- they also offer numerous benefits like driving productivity, reducing costs, enhancing data security, and ensuring compliance. In this ultimate guide, we'll explore these advantages in detail, uncover key features that make HRMS cloud solutions indispensable tools for HR professional

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Debunking 7 productivity myths and unlocking efficiency

Business Management Daily

There is a short list of things for which nearly everyone strives. When you put that list in terms of our work, success and career, productivity is one of those desirable outcomes. When something is both important and desirable, you would think we would have a clear picture of it. Instead, there are tons (far more than seven) of myths about what productivity is and how to achieve it.

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The Diversity Reckoning: Can HR Survive Without New Perspectives?

Speaker: Jeremy York

2024 has tested every organization, and 2025 promises no less - the warning signs are everywhere. If you’re relying on superficial approaches to diversity, you might find yourself scrambling to catch up. Thought diversity - the fuel for new ideas, fresh perspectives, and disruptive innovation - is more than a buzzword. It's a survival strategy. And if you’re not building it into your workplace culture right now , you’re heading for trouble.