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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Trending Sources

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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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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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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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Fraud Prevention Tips

Money Talk

It seems like everyday we hear stories about people who become victims of fraud. They are tricked into sending advance deposits for products or services they never receive or making wire-transfers to fraudulent accounts, or divulging sensitive information that can be used to wipe out bank accounts or commit identity theft. What to do? Nobody can completely reduce their risk of being defrauded because not all of our personal information is under our control.

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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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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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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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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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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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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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6 ways to harness AI for organizational success

Employee Benefit News

Every journey should begin with a test drive of ChatGPT on the road to developing principles, monitoring progress and celebrating success.

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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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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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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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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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Reminder to HR: Holiday parties are lawsuits waiting to happen

Employee Benefit News

Michael Schmidt, labor and employment attorney at Cozen O'Connor, breaks down how employers can throw safe, compliant holiday parties.

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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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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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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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What health plans are and aren’t covered by ERISA

PeopleKeep

If you offer employee benefits to workers in the United States, there’s a very good chance they fall under the regulations of the federal Employee Retirement Income Security Act of 1974 (ERISA) 1. Congress enacted ERISA to protect the interests of employees who participate in your benefit plans. It set minimum standards and created documentation requirements to ensure employees receive the benefits they’re entitled to.

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Gen Z wants careers, not degrees. This nonprofit is helping them bypass college

Employee Benefit News

The CEO of Good Jobs KC explains how he's creating work pathways for young people, and why it's critical to understanding the needs of Gen Z.

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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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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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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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How to support employee career growth

PeopleKeep

No one wants to work at a dead-end job. The modern workforce values continuous learning and opportunities for professional development. According to Zippia 1 , 76% of employees are looking for ways to expand their careers.

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9 resume red flags that scare off recruiters

Employee Benefit News

Resume Genius recently published a list of job applicants' most common mistakes.

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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.