International Foundation of Employee Benefit Plans
MAY 4, 2023
Over the past several years, May 4 has skyrocketed in popularity as Star Wars Day—as in, “May the Fourth be with you.” In honor of May the Fourth, we thought it would be fun to continue the rebellion against convention by using Star […] The post In a Benefits Plan Far, Far Away appeared first on Word on Benefits.
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HR Lineup
MAY 2, 2023
The traditional work week of five days is being challenged by a new concept that is gaining popularity in various parts of the world. The four-day workweek is an innovative approach to productivity that aims to improve employee wellbeing and work-life balance. The concept has been in existence for some time, but it has gained momentum in recent years due to various reasons such as advances in technology, increased awareness of the importance of work-life balance, and the impact of the COVID-19 p
Professionals Alternative
MAY 4, 2023
Top Skills To Look For In A Payroll Executive Assistant Candidate Payroll assistants play an important part in ensuring that a company’s payroll is handled accurately and efficiently in the fintech sector. Payroll assistants’ roles are becoming more sophisticated and tough as fintech expands and advances. In this blog post, we will look at the main skills and competencies needed for payroll assistants in the fintech era, as well as how to find the best individuals for the job.
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.
International Foundation of Employee Benefit Plans
MAY 3, 2023
Research shows that one of the key hurdles for achieving retirement security is having access to a retirement plan at work. And, until recently, as many as 57 million people in the United States didn’t have access to an employer-sponsored retirement plan. […] The post <strong>State-Sponsored Retirement Savings Programs: What Employers Need to Know</strong> appeared first on Word on Benefits.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
PayrollOrg
MAY 2, 2023
Register for the webinar "Are Paycards and Earned Wage Access Synonymous?" on Tuesday, April 4 from 1:00 p.m. - 2:00 p.m. EDT.
McDermott Will & Emery Employee Benefits
MAY 4, 2023
There has been a flurry of activity in Congress focused on healthcare issues over the last two weeks. Committees in both the US House and Senate held hearings on legislation focused on increasing transparency and competition in the healthcare system that could have significant impacts for certain healthcare providers, healthcare plans and pharmacy benefit managers. […] The post Healthcare Preview for the Week of May 1, 2023 appeared first on EMPLOYEE BENEFITS BLOG.
Employee Benefits
MAY 4, 2023
Social care charity Making Space has increased pay by 10%, or the equivalent of £1,950 per year for full-time staff, in order to bring wages up to the level of the living wage. Employees at social care services run by the charity, amounting to more than 1,000 people across England, received the raise in their April 2023 pay packets. Making Space confirmed that it will pay all employees nationwide a minimum of £10.90 per hour.
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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.
Money Talk
MAY 4, 2023
Today, I presented a general session program for financial educators and researchers at an online professional conference. My chosen topic was Ten Trending Topics in Financial Education. Below is a brief description of the ten trends that I discussed: Inflation- The U.S. had an ascending 5% inflation rate (CPI) in May 2021 and a descending 5% CPI in March 2023 and many higher inflation rates in between.
Business Management Daily
MAY 3, 2023
Poor communication in the workplace can happen at any and every level. Regardless of whether it involves top brass or a brand-new hire, the result is often an undesirable mess. But what does poor communication look like? Many people might explain it differently, yet we typically recognize it when we see it. In order to improve communication , it’s necessary to understand what poor communication skills look like and their negative impact on the workplace.
HR Digest
APRIL 30, 2023
Monday blues are a common phenomenon, affecting many people as they start a new week at work. Feeling demotivated, overwhelmed, or simply dreading the week ahead can make it difficult to get back into the work groove. If you’re wondering how to beat blue Monday and improve mental health, then we’ve got you covered. There are several strategies you can use in beating the blue Monday dilemma and start your week right.
Advertiser: Paycor
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.
TLNT
MAY 4, 2023
The missing piece in HR metrics: Employee career growth
Proskauer's Employee Benefits & Executive Compensa
MAY 4, 2023
A third district court has dismissed with prejudice a complaint alleging that defendants breached their fiduciary duties under ERISA by offering 401(k) plan participants the option to invest in BlackRock LifePath Index Target Date Funds (the “Funds”). Beldock v. Microsoft , Case No. 22-cv-1082 (W.D. Wash. Apr. 24, 2023). Although the outcome of the court’s ruling here is consistent with earlier decisions, the rationale underlying the Beldock decision arguably goes further than in prior rulings
Employee Benefits
MAY 3, 2023
Launched in 2010 as the first new high street bank in more than 100 years, Metro Bank now employs nearly 4,500 people across the UK. To show its support for employees going through separation, it signed up to the Positive Parenting Alliance’s HR Initiative when it was launched in January 2023. Khushboo Patel, head of engagement and inclusion at Metro Bank, says: “Our colleagues are at the heart of what we do and we want them to feel supported whatever they are going through in their lives.
Employee Benefit News
MAY 1, 2023
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.
PayrollOrg
MAY 4, 2023
The California Department of Financial Protection and Innovation issued proposed regulations that would govern earned wage access. Comments on the proposed rules are due to agency by May 17.
TLNT
MAY 1, 2023
We seem to have entered an era of work that increasingly demands innovation from HR teams.
Employee Benefits
MAY 3, 2023
The Employment (Allocation of Tips) Bill, or Tipping Bill, has received royal consent and passed into law, making the withholding of tips from staff illegal. The government predicted that this would protect more than two million employees, as well as allowing them to view an employer’s tipping record. It also suggested that this would free up £200m per year of otherwise deducted tips, to go back into the pockets of employees.
HR Digest
MAY 4, 2023
Remote work has been a growing trend for several years, but the COVID-19 pandemic accelerated this trend significantly. The sudden shift to remote work forced many companies to adapt quickly to a new way of working, and the results have been mixed. Some companies have found that remote work can be highly effective, while others have struggled with the challenges of managing remote teams.
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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
PayrollOrg
MAY 2, 2023
The APA Government Relations Task Force Federal Issues Subcommittee created a workgroup to review IRS forms.
Insperity
MAY 2, 2023
When it comes to leading people, there are common “red flags” about employee behavior that can be shared from leader to leader as things to watch out for. You know the phrase, “Watch out if you have an employee who…” This can lead to some panic or concern if you do have an employee – or employees – that come to mind. And although there are some pretty solid examples of bad behavior – like ditching meetings all the time, missing deadlines or taking three-hour lunches every day –
Employee Benefits
MAY 3, 2023
Sickness absence recording by employers hit its lowest level in three years in January 2023 (80%), according to research by industry body Group Risk Development (Grid). The research, which was undertaken in January 2023 among 503 HR decision-makers and 1,212 employees in UK organisations, also found that while a fifth (20%) of employers did not record sickness absence , twice that amount (41%) did not record the impact of sickness absence.
WEX Inc.
MAY 4, 2023
The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the Chief Counsel memorandum last week detailing medical expense claim substantiation for medical FSAs and dependent care FSAs.
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Managing ACA compliance is a major headache, especially in industries with complex schedules and regulations. Errors can lead to fines, legal battles, and strained employee relationships. Ways to Avoid Penalties & Fines: Non-compliance with Hours of Service (HOS) or misclassifying employees can lead to fines and legal issues. We offer tools to avoid these penalties and ensure regulatory alignment.
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