Sat.Nov 30, 2024 - Fri.Dec 06, 2024

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Top 10 Employee Benefits Priorities for Employers as the Year Ends

CorpStrat

As the year winds down, employers have a crucial opportunity to fine-tune their employee benefits strategy. Open enrollment is wrapping up, and now is the time to ensure your benefits package is ready to meet employee needs and support your 2025 business goals. A strong, competitive benefits program doesn’t just attract top talent—it also drives employee satisfaction and retention.

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What is the Contingency Fee Structure?

HR Lineup

The contingency fee structure in recruitment is a widely used model for compensating recruitment agencies or headhunters based on their success in finding and placing candidates with employers. It is often preferred by both companies and recruiters for its performance-based nature. In this detailed article, we will explore what the contingency fee structure is, how it works, its advantages and disadvantages, and how it differs from other fee structures like retained search.

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The Surprising Reasons Different Generations Are Stressed About Money

Best Money Moves

About 7 in 10 US employees say they’re stressed about money, per PNC’s 2024 Financial Wellness in the Workplace report. However, not all employees face the same financial woes. Younger generations tend to worry about affording monthly expenses, whereas Baby Boomers tend to worry about if — and when — they can afford to retire. Engaging a multi-generational workforce can be difficult.

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Retainer Fee Structures Explained: Benefits and Best Practices

HR Lineup

In the recruitment industry, firms use different pricing models to charge their clients for services. One of the most common structures is the retainer fee model, which offers many advantages for both clients and recruiters. Understanding how retainer fee structures work, their benefits, and best practices can significantly enhance the recruitment process for companies looking to hire top talent.

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Future-Proof Your Talent Pipeline

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?

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5 tips to help employees with FSA spend down

WEX Inc.

Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year. How well do your employees understand their FSA’s plan rules? If they don’t, they could risk forfeiting funds to the plan. And any forfeiture of funds would create a negative experience for them that may discourage future FSA participation, hurting their ability — and your ability — to save money.

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Are employees getting enough mental health support in 2024?

Employee Benefit News

According to Aflac, 54% of employees believe employers care about their mental health — but does that translate to less burnout?

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5 Themes for Your 2025 HR Comms Calendar

Flimp Communications

Whether your HR team is aiming for higher HDHP enrollment, greater wellness program utilization, or improved benefits literacy, achieving your goals in 2025 will invariably depend on your company’s employees learning something and, crucially, retaining that knowledge throughout the year. But 2025 promises to be another hectic year for your employees, at work and home, with no let up to the constant bombardment of messaging and demands.

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Understanding the 4 Cs of Talent Management

HR Lineup

Talent management is the strategic approach to attracting, retaining, developing, and utilizing employees effectively to meet organizational goals. To succeed, organizations must focus on four core components often referred to as the 4 Cs of Talent Management : Competence, Commitment, Culture, and Collaboration. This framework helps businesses align their workforce strategies with long-term objectives while fostering an environment where employees thrive.

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Virtual cards: 5 simple steps to make the transition

WEX Inc.

The transition from paper check processing to virtual card payments can be daunting. This is why we’ve created a five-step guide to making the transition as efficient and seamless as possible. The value of running a supplier analysis before virtual card adoption The first thing we do with customers when they’re considering moving away from paper checks to a virtual card payments technology is to analyze the suppliers with whom they are currently doing business.

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Understanding Group Medicare for an Aging Workforce: Key Considerations for HR Leaders

Speaker: Shawnequa Albert

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.

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The top benefits employees are seeking in 2025

Employee Benefit News

Financial wellness offerings in particular can have a broad positive impact on employee well-being.

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IRS Loosens Preventive Care Coverage Rules

InterWest Insurance Services

New guidance issued by the IRS expands the types of preventive care benefits that high-deductible health plans are required to cover with no out-of-pocket costs on the part of plan enrollees. The changes are aimed at reducing out-of-pocket costs for diabetes-related expenses, certain cancer screenings and contraceptives. The guidance, released in two notices — N-2024-71 and N-2024-75 , — can result in real savings for Americans.

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How to Overcome 10 Common Challenges in Recruitment?

Qandle

The recruitment industry is constantly evolving, with new tools, techniques, and trends reshaping the way recruiters find and place talent. However, this dynamic environment also brings about several challenges that recruiters must tackle to succeed. From adapting to changing technology to managing candidate expectations, the challenges in the recruitment industry are diverse and complex.

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5 ways insurance brokers benefit from working with a PEO

Insperity

Insurance brokers and professional employer organizations (PEOs) are supposed to be competitors, right? Wrong! Actually, brokers and PEOs can form mutually advantageous partnerships that result in better service for their clients. Furthermore, brokers themselves can benefit significantly from working with a PEO. Let’s explore how. The broker-PEO relationship Employee benefits brokers and property & casualty insurance brokers help their clients find and purchase comprehensive, high-quality co

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Ready to Save Time With AI? Try 14 ChatGPT Prompts for HR

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.

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Supercharge your workforce: How tailored employee benefits win over Gen Z

Employee Benefit News

Each generation needs different benefits that connect with their individual needs. Here's what to offer the youngest age group in today's workforce.

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Audit trails made easy with virtual cards

WEX Inc.

For financial managers, keeping tabs on every transaction can be a tricky ask. In the B2B space, where payment volumes are high and accuracy is a top priority, having a clear and accessible audit trail is essential for both security and accountability. Virtual cards are a rising tool, and are increasingly being recognized as a powerful way to simplify this process.

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January 9, 2025 – 1st Quarter Employers’ School Webinar – 2025 Employment Law Updates

InterWest Insurance Services

January 9, 2025 9:00 am – 12:00 pm All roads lead back to legislation…The bills for 2025 have been signed and new laws will be implemented very soon. Many of which will impact California employers and how they manage their people and operations. Are you ready for what lies ahead? In this session of our Employers’ School, the employment law and HR experts at Holden Law Group will review new employment laws taking effect in 2025.

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Volkswagen Workers in Germany Head Out on a Warning Strike

HR Digest

Automakers worldwide are doubling down on their efforts to restructure their workforce, but employees are unwilling to accept the changes sitting down. Volkswagen workers in Germany are going on strike to express their dissatisfaction with the changes occurring at the organization, with the union IG Metall leading the efforts. The Volkswagen workers’ warning strikes began on Monday and employees from nine Volkswagen car and component plants across Germany are participating in the strike.

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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 to tailor benefit packages to stay competitive in today's market

Employee Benefit News

Changes to the workforce extend beyond just the influx of new talent but also into what benefits employees value most, forcing employers to continually adapt.

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What happens to my HSA when I change jobs?

WEX Inc.

Have you recently changed employers? Or are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. There are plenty of myths about HSAs , but today let’s tackle what really happens to your HSA when you change employers. You have options HSA transfer If your new employer offers an HSA, you can transfer the administration of your account to your new employer’s HSA administrator.

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Guide to Succession Management Planning

Darwinbox

An effective succession planning process is essential for businesses of all sizes.

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The Holidays Have Their Own Workplace Perils

InterWest Insurance Services

On-the-job accidents may increase during the holidays as distractions in the workplace increase and decorations can pose safety issues. Normal routines and schedules are disrupted, and your staff — like everyone else — are also rushing around to crowded and chaotic stores and malls after work and on weekends. Be aware that accidents may be more likely to happen at this time of the year at the workplace, on the road or at home.

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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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This platform helps businesses identify gaps in working parent support

Employee Benefit News

With a three-minute assessment, employers can see where they're doing well, and where they need to make improvements to retain talent.

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The Role of HR in Addressing Workplace Burnout

Hppy

Workplace stress is more common than many employers realize, and its impact can be devastating. A recent survey revealed that job stress costs the US industry $300 billion in losses. These numbers highlight a pressing problem for businesses of all sizes. Burnout doesnt just affect individual employees; it can disrupt team dynamics, lower productivity, and even hurt a companys bottom line.

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Overtime Rate Philippines: Everything You Need to Know for Fair Compensation

Darwinbox

Learn about overtime pay in the Philippines, including legal rates, computation, and employee rights. Stay informed about fair compensation practices.

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Dealing with Difficult Employees: Tips and Solutions for Leaders

BetterUp

Dealing with difficult employees can be a significant challenge for any manager. It’s a situation many leaders dread, yet every workplace will inevitably encounter a difficult employee at some point.

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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.