Patriot Software
OCTOBER 17, 2022
There’s nothing like starting your own small business. Being your own boss means you choose how to run things, and it lets you see your ideas come to life. But, you have a million and one things on your plate. You might decide to hire new employees to streamline business operations. When you become an […] READ MORE.
Money Talk
OCTOBER 20, 2022
The field of behavioral finance blends economics and psychology and acknowledges that people are often irrational decision makers. Everyone has cognitive biases, which are flaws or errors in thinking that can lead to poor financial decisions. The first step to mitigating errors is to become aware of common biases to plan to proactively minimize them.
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Employee Benefit News
OCTOBER 19, 2022
International Foundation of Employee Benefit Plans
OCTOBER 20, 2022
By Brand Newland, Pharm. D., and Cal Beyer Surgeries that are unnecessarily invasive or performed under suboptimal conditions often needlessly increase health plan costs and lead to complications for patients. Read more > The post Optimizing Outcomes and Containing the Costs of Surgery appeared first on Word on Benefits.
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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
Patriot Software
OCTOBER 17, 2022
When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees? Types of unemployment taxes Before you can learn who pays unemployment taxes, you need to know about the two types […] READ MORE.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
15Five
OCTOBER 19, 2022
Objectives & Key Results (OKRs) help align and motivate teams and individuals to reach personal and professional goals. But for this popular goal-setting framework to be effective, OKRs must be well crafted. . Poorly-written OKRs can do more harm than good by being too vague, not measurable, or focused on the wrong things. To move your business forward, employees need to be inspired, challenged, and motivated to do their best work with powerful, meaningful goals.
Insperity
OCTOBER 18, 2022
Many businesses, regardless of size, type or industry, have found themselves in the trenches of today’s talent war, and the future of recruiting seems complicated and murky. Today, attracting and retaining top talent is one of the most pronounced challenges that leaders face. Why is there a talent war? Employees have a wider range of career options than they ever have before.
Business Management Daily
OCTOBER 17, 2022
We all have to contend with workplace stress, and according to the evidence — it’s at an all-time high right now. The proof? 83% of workers in the US now suffer from work-related stress, and businesses regularly lose up to $300 billion annually due to its negative effect on productivity. When stress levels become too high, it can impact an employee’s physical and mental health in several detrimental ways.
Best Money Moves
OCTOBER 18, 2022
Addressing the employee financial literacy gap. Here’s how a lack of financial literacy can affect your employees and what you can do to help solve the problem. Only one-third of Americans have a solid understanding of interest rates, mortgage rates, and financial risk, according to the Financial Industry Regulatory Authority. This measure of financial literacy has fallen 19 percent over the past decade and is estimated to have cost Americans more than $415 billion in 2020 alone. .
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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.
HR Digest
OCTOBER 15, 2022
Employees need some kind of validation on their performance within an organization. As a manager, you have to give constructive feedback and this is easier when you have a list of performance review examples to guide you. This can help them highlight their strengths and weaknesses which would be beneficial for the company’s productivity as well as the employee’s overall performance.
Patriot Software
OCTOBER 19, 2022
The topic of gender equality at work is heavily debated. Do hiring managers place more men than women? Do women earn less than men working the same jobs? Are women passed up for promotion opportunities? According to many studies, the answer is yes to all of the above. You can’t solve the nation’s inequalities. But, […] READ MORE.
Business Management Daily
OCTOBER 19, 2022
Effectively prioritizing your work tasks is important. In fact, it’s so important that one of the most common job interview questions is “how do you prioritize your work?” Most people have a generic answer prepared. But how do you actually prioritize your work and get things done once you have a job? How to prioritize work in the most effective manner will generally depend on your own preferences and workflow.
Flimp Communications
OCTOBER 20, 2022
These new features enable rapid, easy, and low-cost deployment of segmented messaging across clients, franchises, and locations. And it's HIPAA and HITRUST compliant. The post Flimp Adds Multi-Tenant, Multi-Tiered Features to Its WorkforceTXT® Texting Platform Built for Secure Employee Communications appeared first on Flimp.
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
HR Digest
OCTOBER 16, 2022
Breaking the news to an employee about a contract termination is not an easy task. Although it might be appropriate if the employee in question has violated any company’s terms or laws. Either way, it might always come as a shock to an employee who did not see it coming. So it is important to manage the termination of employment carefully. And in this article, we explain the types, the meaning of termination, and a list of helpful steps to do just that.
McDermott Will & Emery Employee Benefits
OCTOBER 21, 2022
The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023. The table below compares the applicable dollar limits for certain employee benefit programs and the Social Security wage base for 2022 […].
Business Management Daily
OCTOBER 18, 2022
Despite what some Millennials and members of Gen Z believe, work-life balance is far from a new concept. Decades of employees have been trying to find the best ways to merge their personal and professional lives to obtain satisfaction in both spheres. Back in the 1980s when the term first gained popularity, people often envisioned good work-life balance as a scale.
Sodexo Engage
OCTOBER 18, 2022
Summary: Why we need to continue the conversation. Menopause and discrimination. The symptoms of menopause. Mental health. Physical health. How can businesses support employees through menopause? How Sodexo Engage can help you make that crucial difference. MENOPAUSE IN THE WORKPLACE: A MINDFUL AND SUPPORTIVE APPROACH. Tuesday 18th October is World Menopause Day.
Advertiser: Paycor
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!
BetterUp
OCTOBER 19, 2022
No matter what your job is or how long you’ve been doing it, adaptability is an important skill to have. In fact, adaptability is one of the top five skills that employers are looking for — and no wonder. If the last couple of years have taught us anything, it’s the need to be flexible and adapt to changing circumstances. It’s a core part of resilience, stress management, and career development.
McDermott Will & Emery Employee Benefits
OCTOBER 19, 2022
On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. Proc. 2022-38). The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […].
Patriot Software
OCTOBER 20, 2022
Here’s a payroll question: How do you differentiate between employees and independent contractors? It all depends on the relationship between the employer and the worker. It’s important to properly classify workers, but it can be tricky. Here’s an example: Joe runs his own construction business. Joe has committed to more construction jobs than he can handle, […] READ MORE.
Proskauer's Employee Benefits & Executive Compensa
OCTOBER 17, 2022
A hotly debated (and litigated) issue for multiemployer pension plans in recent years has been the appropriate interest rate to determine a multiemployer pension plan’s liabilities when calculating the plan’s underfunding for withdrawal liability purposes. The Pension Benefit Guaranty Corporation (the “PBGC”) is now poised to end the debate. The PBGC proposes to allow multiemployer pension plans to use any interest rate for withdrawal liability calculations as long as it is not below the PBGC’
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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.
InterWest Insurance Services
OCTOBER 20, 2022
Despite newly enacted federal transparency rules for hospitals and health plans, some large hospitals are still not posting the required price lists for their services, according to a recent report. The Centers for Medicare and Medicaid Services’ transparency rules were implemented to shine the light on what hospitals charge for their various medical services, the negotiated rates insurers have with health plans and the out-of-pocket costs enrollees can expect to pay for these services.
McDermott Will & Emery Employee Benefits
OCTOBER 18, 2022
With much about the potential impact and scope of monkeypox still unknown, employers should consider taking proactive steps now, as may be appropriate for their workforce, to enhance and reinforce the safety protocols already in place from the COVID-19 pandemic. In this Employee Relations Law Journal article, McDermott’s Michelle S. Strowhiro, Lindsay Ditlow and Priya […].
Patriot Software
OCTOBER 19, 2022
Have you ever seen that tiny box on a W-2 form for statutory employees? Have you wondered, What is a statutory employee? If so, you’re not alone. Many employers without statutory employees aren’t entirely sure what this classification means. But at one point, you may need to hire a statutory employee. Statutory employee definition A […] READ MORE.
Proskauer's Employee Benefits & Executive Compensa
OCTOBER 18, 2022
In Matousek v. MidAmerican Energy Co. , 2022 WL 6880771, __ F.4th __ (8th Cir. 2022), the Eighth Circuit joined the Sixth and Seventh Circuits in affirming dismissal of ERISA breach of fiduciary duty claims alleging that the plan fiduciaries allowed the plan to pay excessive recordkeeping and administrative fees and offered imprudent investment options.
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.
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