Sat.Dec 23, 2023 - Fri.Dec 29, 2023

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10 retirement concerns that will shape 2024

Employee Benefit News

Issues like Medicare increases and student loan relief will impact employees' ability to plan for their financial future.

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Commuter Benefits: Where Do They Fit in the Future of Work?

TalentCulture - Employee Benefits

The pandemic was a powerful force that profoundly changed the nature of work. When lockdowns eventually lifted and organizations welcomed people back to the office, many employees began seeking greater flexibility to align their work roles and personal responsibilities. Now, employers around the world recognize the need to strike a balance between remote work options […] The post Commuter Benefits: Where Do They Fit in the Future of Work?

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The QSEHRA vs. the HRA: What's the difference?

PeopleKeep

Healthcare costs are rising , making it difficult for small business owners to afford traditional group health plans. Employers are searching for cost-effective ways to provide healthcare benefits to their employees. Health reimbursement arrangements (HRAs) are an excellent solution for affordable coverage.

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6 Office Amenities to Attract Top Talent in 2024

TalentCulture - Employee Benefits

Recruiting top talent isn’t easy — especially in today’s market. Despite recent economic challenges, many employers are still struggling to find strong people for open roles. Modern job seekers are looking for flexibility in all its forms. And that means employers need to raise their game with meaningful office amenities. So, what exactly can your […] The post 6 Office Amenities to Attract Top Talent in 2024 appeared first on TalentCulture.

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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.

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HR Professionals Need to Enter the Artificial Intelligence Conversation

HR Bartender

Estimated reading time: 4 minutes I learned a new term recently – p(doom). It stands for the “probability of doom” when it comes to artificial intelligence (AI) and a doomsday scenario. P(doom) is a scale that runs from 0 to 100. The higher you score yourself, the more convinced you are that AI is going to wipe out civilization. I first read about p(doom) in The New York Times newsletter DealBook where it reported that sharing your p(doom) score is becoming more mainstream and some people are ev

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Google to Fire 30,000 Employees After Success of Its AI-Powered Services

HR Digest

Google is setting up to fire employees all over again, despite the 12,000 workers who were laid off this year already. The reason? According to LiveMint , a report first published in The Information indicates that Google’s AI-powered ads have grown so self-sufficient that they no longer require as many individuals to oversee its functioning, making Google lay off employees who no longer have a necessary role at the company.

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5 ways to be a better manager in 2024

Employee Benefit News

Leading by example and encouraging authentic connections with employees can set good managers apart.

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12 must-read HR books for business leaders and HR professionals

Business Management Daily

No matter how long you’ve been working in the HR industry, there’s always something new to learn — from classic HR strategies you haven’t heard of to brand-new labor laws and workforce trends. If you want to achieve thought leader status in human resource management, then continuing your education is a must, and there’s no better way than reading the best HR books — both old and new.

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Apple Watch Sales Halt: What’s Behind It?

Wellable

Apple has halted sales of some Apple Watch models in the US due to a patent dispute with Masimo. Explore what’s behind this legal battle. The post Apple Watch Sales Halt: What’s Behind It? appeared first on Wellable.

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Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration

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.

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Pharmacy Benefit Manager Reform: What’s on the Horizon? (December 2023 Update)

McDermott Will & Emery Employee Benefits

The price of prescription drugs has brought scrutiny to the entire drug supply chain. Congress and other policymakers continue to seek opportunities to lower costs for patients and the federal government. Pharmacy benefit managers (PBMs) are a key stakeholder in the drug supply chain, functioning as intermediaries between insurance providers and pharmaceutical manufacturers.

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Stipends, PTO and manager support will help caregivers thrive in 2024

Employee Benefit News

From flexibility to expert advice, employers have a better shot of retaining talent when they offer support to employees caring for loved ones.

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New Employment Laws in 2023: A Guide for Employers and Employees

HR Digest

Many new employment laws in 2023 have been introduced to reshape the regulations that oversee the safety of US citizens, and companies that want to avoid any complications in the future should ensure they update their regulations and policies to match them as well. The US employment regulations this year have not introduced too many major changes that necessitate significant restructuring but the rules are impactful nonetheless.

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How to report employer-sponsored health benefits on Form W-2

PeopleKeep

Offering health benefits as part of your compensation package is an excellent way to attract and retain employees. Employers that offer health benefits need to fully understand their income tax reporting obligations to avoid penalties from the IRS. Some health benefits operate on a pre-tax basis, while others operate on a post-tax basis. How you report them on your employees’ W-2 forms will differ depending on the type of benefit you offer.

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HR’s Blueprint for a Successful 2025

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.

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Parsing MHPAEA Claims Under the Proposed Rule: E.W. v. Health Net Life Insurance Company

McDermott Will & Emery Employee Benefits

In a series of recent posts, we have examined a sampling of comments submitted in response to proposed regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The proposed regulations were issued earlier this year by the US Departments of Labor, Health and Human Services and the Treasury (the Departments). Our previous MHPAEA content is […] The post Parsing MHPAEA Claims Under the Proposed Rule: E.W. v.

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Raising dependent care FSA limits would help manage child care costs

Employee Benefit News

Data shows that the $5,000 annual tax limit does not cover the average price of one child in center-based infant care.

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Changes to California SDI Coming January 1

PayrollOrg

Effective January 1, 2024, there is no California state disability insurance (SDI) taxable wage base limit, which means there is no cap on the amount of employee contributions for SDI.

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What Is Imposter Syndrome at work? How to identify and combat it

Business Management Daily

Work is a part of life. Like our hunter-gatherer ancestors, survival today depends on going out and getting food if we want to eat. Survival these days doesn’t depend as much on running fast and dragging game back home (unless you count bringing in all the groceries in one trip), but it still requires effort. Communities are where cooperation and specialization allow each person to do their own thing and share their skills for everyone’s benefit.

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7 HR Priorities for 2025 to Supercharge Your Employee Experience

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.

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Remote Monitoring and Digital Therapies: CMS Updates Coverage and Payment Policies

McDermott Will & Emery Employee Benefits

In recent years, the Centers for Medicare & Medicaid Services (CMS) has expanded payment for remote monitoring services in an effort to pay for non-face-to-face services that improve care coordination for Medicare beneficiaries. On November 2, 2023, CMS released the calendar year 2024 final rule for services reimbursed under the Medicare Physician Fee Schedule.

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Holistic review of medication therapy management unlocks results

Employee Benefit News

When pharmacists can collaborate with a patient's care team, health outcomes will improve while money and lives are saved.

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Putative ESOP Class Action Dismissed for Failure to Exhaust Administrative Remedies

Proskauer's Employee Benefits & Executive Compensa

The decision in Bolton v. Inland Fresh Seafood Corp. of America Inc. , No. 22-cv-4602 (N.D. Ga. Dec. 5, 2023)should serve as a reminder to all ERISA practitioners that, if litigating in courts of the Eleventh Circuit, participants must exhaust a plan’s claims procedures before commencing a lawsuit—regardless of the type of ERISA claim asserted. In this case, several former employees and participants in Inland Fresh Seafood Corporation of America, Inc.’s Employee Stock Ownership Plan (“ESOP”) sue

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ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims

Patriot Software

Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity.

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We’re Here to Help! How to Navigate Your Top HR Priorities

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

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Grumpy Staying: Meaning, Signs, Causes & How to Address It

HR Lineup

In the dynamic and fast-paced world of work, emotions play a crucial role in shaping individual and collective experiences. While positive emotions often contribute to a healthy work environment, the presence of negativity, especially in the form of grumpiness, can have far-reaching consequences. In this comprehensive exploration, we will delve into the meaning of grumpy staying in the work environment, identify signs of its presence, analyze potential causes, and discuss effective strategies fo

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5 ways AI will help you land your dream job in 2024

Employee Benefit News

Our top tech stories of 2023 signal that AI will empower employees and job seekers in the new year.

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Family Coverage Costs Hit Small-Business Workers Hardest: Study

InterWest Insurance Services

A new study has found that most employer-sponsored family health plans are increasingly unaffordable for workers due to rising costs and them footing a significant part of the premium, even with employer assistance. Workers at smaller firms, defined as those with fewer than 200 employees, are especially affected as they typically have to pay a larger share of the family coverage premium than their large-employer counterparts (38% vs. 25%), according to the 2023 Kaiser Family Foundation “Em

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The Best and Effective Software to Manage Projects

Qandle

In the fast-paced realm of project management, efficiency and organization are paramount. With the ever-evolving landscape of technology, project managers now have access to a plethora of sophisticated software tools designed to streamline processes, enhance collaboration, and ensure successful project delivery. In this blog post, we will delve into some of the most innovative project management software solutions that are reshaping the way teams work together.

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7 Common ACA Compliance Pitfalls and How to Avoid Them

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.