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There’s no doubt that today’s workforce is rapidly changing, as millennial and Gen Z employees continue to transform the modern workplace. This new, multi-generational labor pool has ushered in a new set of expectations that employers can’t afford to ignore. Companies across industries are to take a long, hard look at how they approach complex topics, including diversity, equity, and inclusion.
If you're a small employer with little HR support, handling employee benefits might be challenging and time-consuming. If that’s the case, you may consider outsourcing as a possible solution. Outsourcing employee benefits administration offers numerous advantages. But, it's not a one-size-fits-all solution. The decision requires careful consideration of your organization's unique needs and goals.
Headcount reporting is a critical aspect of workforce management that helps organizations maintain a clear understanding of their staffing levels and resource allocation. It provides a comprehensive view of the number of employees within a company, segmented by various categories such as department, job function, location, and employment status. This data enables employers to make strategic decisions around hiring, budgeting, and workforce planning.
What if your benefits strategy could be more than just inclusive—what if it could actually bring your team closer together? In today’s evolving workplace, employees span a wide range of life stages, work arrangements, and cultural perspectives. That’s why offering one-size-fits-all benefits just doesn’t cut it anymore. It’s time to reimagine how we support our teams.
Understanding the different types of employee engagement is essential for creating a workforce that’s not just content, but motivated and driven to excel. It’s about tapping into the deeper connections employees have with their work, which fuels productivity, innovation, and long-term loyalty. When companies truly grasp how engagement takes shape, they can better navigate challenges, seize growth opportunities, and build teams that thrive under any conditions.
HSAs. FSAs. LSAs. If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” In the second blog post in our three-part series to educate first-time participants, we walk through a few factors you should consider when choosing among employee benefits accounts for the first time.
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HSAs. FSAs. LSAs. If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” In the second blog post in our three-part series to educate first-time participants, we walk through a few factors you should consider when choosing among employee benefits accounts for the first time.
When it comes to managing human resources in today’s fast-paced business environment, organizations rely on specialized tools to streamline processes and improve efficiency. Two of the most common software solutions in this domain are the Human Resource Information System (HRIS) and Applicant Tracking System (ATS). Although these platforms serve different primary purposes, they often overlap, leading to confusion about which one is more suitable for a company’s hiring needs.
It’s a good day to be a Hobby Lobby employee and wake up to the news of another wage hike. The arts and crafts supply store recently announced that it has increased the starting wages for its employees again, making this the thirteenth increment since 2009. Hobby Lobby’s 2024 pay hike went into effect on October 1, 2024, so employees who apply to the company now should be able to benefit from the change.
The IRS released the optional “high-low” per diem rates for lodging expenses and meals and incidental expenses (M&IE) that may be used instead of the actual rates.
As the workforce ages, retirement is becoming a more complex and emotionally significant transition. For many employees, retiring marks not only a change in benefits and income but also a shift in identity, community, and purpose. This webinar explores how HR professionals can support aging and retiring employees through a trauma-informed lens—one that recognizes the emotional and psychological dimensions of leaving the workforce.
The rise of Web 3.0 is expected to be one of the most transformative shifts in digital history, and its influence on Human Resource Technology (HR Tech) will be profound. While Web 1.0 was characterized by static websites, and Web 2.0 ushered in social media, interactivity, and user-generated content, Web 3.0 aims to decentralize the internet, empowering users and enhancing the way data is managed, shared, and utilized.
Group health insurance remains a popular employer-sponsored benefit in the United States. But traditional group health plans are too costly for many employers. Plus the one-size-fits-all nature of these policies may not meet every employee’s needs. That’s why more employers are turning to personalized benefits like health reimbursement arrangements (HRAs), which offer employers more budget control and employees more flexibility over their medical care.
The Massachusetts Department of Revenue will conduct a tax amnesty program from November 1, 2024, through December 30, 2024. The program includes withholding taxes.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Peer coaching is an innovative and increasingly popular approach to professional development, where colleagues collaborate to improve their skills, share knowledge, and support each other in achieving individual and organizational goals. It’s a process of mutual learning and growth, where two or more people with similar positions, roles, or expertise work together to provide feedback, motivation, and guidance.
I recently presented a webinar for financial practitioners called Important Financial Transitions in Later Life. Based on content of my book , Flipping a Switch , “flipped switches” are a metaphor for later life transitions. Below is a brief summary of 11 financial transitions: Spending Down Retirement Savings - It can be difficult psychologically for “super savers” to spend down accumulated wealth because it feels like a loss.
In this October 2024 issue of Compliance TV: SSA updates AccuWage Online Help Guide, FAQ for 2024; ACA affordability percentage increases to 9.02% for 2025; and more.
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.
If you were convinced that layoffs were an IT sector phenomenon , the pharmaceutical industry would like to have a word with you. With the excuse of restructuring and cost-cutting to back it up, CVS has announced its own layoff plans for 2024. The number of jobs being cut aren’t quite as dramatic as some of the cuts announced by other tech giants, but for the employees, a job loss is an opportunity lost, regardless of how many of their colleagues exit with them.
The 4 Important Insurance Terms Gen Z Employees Need To Know. Gen Z employees often struggle to understand common insurance terms. Learn about how employers can help with financial wellness benefits. Insurance is a complex topic, no matter how experienced you are. However, Gen Z employees are particularly susceptible to a lack of education on insurance terms and policies.
Sponsored by rapid!, the webinar “Redefining Earned Wage Access: Navigating the CFPB’s Proposed Regulatory Shifts,” on October 9 at 1:00 p.m. ET delves into the implications of the Consumer Financial Protection Bureau's (CFPB) proposed interpretive rule on earned wage access (EWA) products.
Imagine an Open Enrollment season that feels less like a race against the clock and more like a well-orchestrated plan. Or employees who feel confident in their decisions because they actually understand their options. How about a stress-free process that allows you to focus on strategy instead of scrambling to put out fires. Your wish. Our command.
In today’s highly polarized environment, the question of whether a company should take a stand on political issues is more pertinent than ever. At Abel HR, we understand the complexities businesses face in making this decision. This blog explores the pros and cons of corporate political activism and provides insights to help you navigate this challenging terrain. 1.
Core components of an effective benefits package include meaningful health and wellness programs, work-life balance initiatives and professional development.
As expected, Amazon employees are disappointed by the latest return-to-office policy that has been announced at the organization. According to a recent survey, Amazon’s employees are considering quitting their jobs in protest of the upcoming change, which will switch the three-day in-office mandate to a five-day policy. Amazon’s 5-day office mandate came as a surprise to many and while workers have till the start of next year to prepare for the change, many are getting ready to switch roles in t
The annual performance appraisal process is one activity in organizations that HR managers and employees alike dread. Although it’s intended to bring out the best in people, unfortunately, more often than not, it ends up bringing out the worst of human behavior. This signifies that a relic of the pre-industrial revolution era, the traditional performance management process, as it exists in its current form, is way past its prime and needs a serious rethink.
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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