International Foundation of Employee Benefit Plans
AUGUST 15, 2023
U.S. corporate employers project a median health care cost increase of 7% for 2024, according to International Foundation of Employee Benefit Plans survey results. The 7% increase is on pace with cost trends projected last year in a similar survey conducted by […] The post Employers Project 7% Rise in Health Care Costs for 2024 appeared first on Word on Benefits.
Employee Benefits
AUGUST 15, 2023
Employee Benefits poll: One-third (35%) of organisations do not think that the recent Employment Relations ( Flexible Working ) Bill goes far enough to support working carers, according to a survey of Employee Benefits readers. Meanwhile, 37% think that it does go far enough to support staff who are working carers , whereas 28% were unsure if it does or not.
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Employee Benefit News
AUGUST 14, 2023
The challenges and opportunities of required Roth contributions are taking a backseat for now to legislative and operational messes from the Secure 2.0 law.
PayrollOrg
AUGUST 15, 2023
PayrollOrg’s Government Relations Task Force (GRTF) Federal Issues Subcommittee acted on two issues in July: maintaining IRS funding and requirements for Form W-2c.
Advertiser: Paycor
In today’s fast-paced business world, effective workforce management (WFM) isn’t just an option—it’s a necessity.
Employee Benefits
AUGUST 14, 2023
Need to know: Change will happen when it comes to employers’ pensions plans. Whatever the change, some universal principles remain true. Stakeholders should be involved early, to ensure they can voice any objections and feel involved in the process. Avoid legalese; be honest, clear and concise. If it is bad news, upfront about why the decision is being made and explain the reasoning behind it.
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
Employee Benefit News
AUGUST 18, 2023
A well-rounded set of mental wellness offerings and efforts is helping employees maintain a healthier life in and out of work.
PayrollOrg
AUGUST 18, 2023
Effective July 1, 2024, Vermont employers will be required to make contributions for a new state payroll tax. A portion of the tax may be withheld from employee wages, and the rest must be paid by the employer.
Employee Benefits
AUGUST 18, 2023
The top 10 most-read articles on employeebenefits.co.uk between 11 – 17 August were: Tesco Ireland enhances staff health and wellbeing benefits 30% of staff prefer CDC pension for decumulation over an annuity or drawdown ScotRail staff accept improved pay deal Exclusive: A fifth of employees worry about money every day Median monthly pay up 7.8% year-on-year Cepac staff strike over pay and conditions The Watches of Switzerland Group accredited as living wage employer Scottish Opera and Ro
Proskauer's Employee Benefits & Executive Compensa
AUGUST 16, 2023
A recent decision by the U.S. Court of Appeals for the Sixth Circuit ( Patterson v. United HealthCare Ins. Co. , No. 22-3167, 2023 WL 4882436 (6th Cir. Aug. 1, 2023 ) ) illustrates the importance of clearly describing key plan terms in the plan document and summary plan description. Incomplete documentation or disclosure can nullify rights of the plan and its sponsor.
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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
Employee Benefit News
AUGUST 18, 2023
Employees want support for themselves and their children with the benefits their workplace offers.
Darwinbox
AUGUST 16, 2023
We’re delighted to launch the Darwinbox Marketplace, our offering that will provide you with everything you would need to deliver exceptional employee experiences and HR services. With the Darwinbox Marketplace, you’ll have one-click access to solutions across categories offered by partners verified and curated by Darwinbox.
Employee Benefits
AUGUST 18, 2023
Hospitality business BaxterStorey has enhanced its employee benefits package to support its 8,000 UK staff through various life stages and circumstances. The firm has introduced 24 weeks of fully paid enhanced maternity leave to ensure new mothers have the support they need to balance the demands of work and family. It has also replaced its paternity leave policy with a more inclusive secondary carer leave so new parents, regardless of their gender, can take four weeks of paid leave to support t
WEX Inc.
AUGUST 15, 2023
Whether you're transitioning from your parents' insurance, landed your first full-time job, or are simply obtaining coverage for the first time, choosing health plans and employee benefits options can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For first-time health insurance and benefits electees, we’re kicking off a three-part blog series just for you to walk through considerations when making these decisions.
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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.
Employee Benefit News
AUGUST 15, 2023
Earned wage access is one way employers can empower employees as economic insecurity continues to loom.
McDermott Will & Emery Employee Benefits
AUGUST 15, 2023
In an acknowledgment of uncommon market conditions and their corresponding effect on defined benefit pension plan funding, the Pension Benefit Guaranty Corporation (the PBGC) provided a welcome one-time waiver for some underfunded pension plans under Section 4010 of the Employee Retirement Income Security Act (ERISA). However, to qualify for the waiver, pension plan sponsors still […] The post Better Than a Snow Day: The PBGC Provides One-Time Section 4010 Reporting Waiver appeared first o
Employee Benefits
AUGUST 18, 2023
Nearly half (48%) of UK office employees do not have access to the feature they identify as most useful to manage their pain and discomfort at work. Inclusive design firm Motionspot surveyed 2,000 office workers who experience menstruation or menopause to explore the optimal workplace design for them. It found that the most common unavailable feature in respondents’ workplaces was a place to lie down (78%), followed by a hot bath and shower (66%) and a dark or dimly lit space (60%).
WEX Inc.
AUGUST 14, 2023
A flexible spending account (FSA) carryover is one way you can provide flexibility to employees who participate in these accounts. We break down FSA carryovers below. Read our blog posts on grace periods and run-out periods for the rest of the series. Can FSA funds carry over to next year? Yes, employers do have the option of providing employees with an FSA carryover.
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
Employee Benefit News
AUGUST 17, 2023
Flexjobs put together a list of companies helping their employees pay off their student loans.
Workplace Insight
AUGUST 13, 2023
It’s a banality to point out that futurism is nowism plus either a robot butler or blasted landscape. So, I was taken with a press release we had last week from Studio Alliance which shows an AI’s depiction of the office of the future at various points over the next quarter of a century. What is most striking to me, if you set aside the Jetson-y outside views, is how much like the office of the present each is.
Employee Benefits
AUGUST 18, 2023
Scottish junior doctors have accepted a 12.4% pay increase for 2023–24 backdated to April, bringing an end the threat of industrial action. A total of 81.64% of British Medical Association (BMA) Scotland members voted in favour of the offer, with a 71.24% turnout. Along with the 4.5% pay rise awarded in 2022–23, this amounts to a 17.5% increase over two years.
Fringe Benefit Analysts
AUGUST 15, 2023
You probably know the feeling well. Another six months rolls around and then one day you glance down at your upcoming week’s schedule and there it is, your bi-yearly dentist checkup. But don’t panic. You know the dentist really isn’t as bad as it seems and there are actually some very important reasons to have a dental checkup and cleaning every six months.
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HR and payroll impact every aspect of your business. Choosing the right provider is one of the most important decisions you’ll make. Before you decide, hear first-hand customer accounts in Paycor’s webinar to learn: The three most important things to look for when switching. How to begin your search. What are some of the red flags?
Employee Benefit News
AUGUST 14, 2023
A new survey from Deloitte shows that more accountability is needed within organizations to truly improve workforce mental health.
Flimp Communications
AUGUST 15, 2023
Fourth-annual report analyzes 250 digital benefits-communication campaigns that touched nearly 775,000 employees with targeted OE messaging, educational videos and other trackable content. The post Flimp’s 2022-23 Open Enrollment Case Study and Trends Report Sees Employee-Engagement Rate Reach 74 Percent with Use of Tech-Enabled HR Solutions appeared first on Flimp.
Employee Benefits
AUGUST 17, 2023
TransUnion, a global information and insights firm and credit reference agency, has recruited Kaushik Gopalan as its new UK chief human resources officer. Gopalan will lead TransUnion’s HR strategy and staff initiatives for the UK and Europe, with responsibilities spanning talent acquisition, learning and development, employee engagement and people operations.
Workplace Insight
AUGUST 13, 2023
The Young Furniture Makers exhibition, a special one-day event showcasing furniture, lighting and textile designs from emerging designer-makers to employers and key players in the furnishing industry, returns to the City of London this October. The event , organised by The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, will take place on Wednesday 11 October at Furniture Makers’ Hall and the Dutch Church in Austin Friars, London.
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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.
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