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Employee benefits management has become increasingly complex in recent years, with professionals needing to navigate health plans, retirement packages, wellness programs, and various compliance regulations. To stand out in this competitive field, obtaining a certification in employee benefits can greatly enhance your knowledge, skill set, and marketability.
Financial Burnout in 2025: How to Address Employee Concerns. Financial burnout is affecting employees of all generations. Learn the ins and outs of this issue, including ways to improve your workforce’s wellbeing. There’s a new term to describe how employees feel about money: Financial burnout, a condition marked by prolonged financial pressure that results in mental exhaustion and physical strain.
HR teams are concerned about the spike in DEI rollbacks across organizations and their concerns are extremely valid. Many employers have announced their decision to eliminate the DEI policies at the businesses and while this might work in the short term, organizations may find their business severely impacted in the future. In the past, employees have been extremely vocal about their preference for diversity and inclusivity in the workplace, and this was the primary motivating factor for employ
In an increasingly globalized world, diversity is no longer a “nice-to-have.” It’s a fundamental necessity for businesses that want to stay competitive, innovative, and relevant. From workforce diversity to supplier diversity, organizations that make this a priority are seeing tangible benefits. Yet, many companies still face challenges in implementing effective diversity sourcing strategies, whether in hiring practices or procurement processes.
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 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.
Small employers shopping for a health plan face the critical task of finding a policy that balances cost, coverage, and the well-being of their employees. While fully-insured policies have been the traditional option, rising premium costs have more employers turning to both level-funded and self-funded health plans. Each funding model has its advantages, but also presents challenges that can be hard to navigate—especially if you’re new to offering a health benefit.
The IRS released cost-of-living-adjustments for 2025 reflecting any increases in excludable transportation fringes and the flexible spending arrangement deferral limit, among other changes.
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The IRS released cost-of-living-adjustments for 2025 reflecting any increases in excludable transportation fringes and the flexible spending arrangement deferral limit, among other changes.
Workers are taking the matter of their pay and benefits into their own hands once more at CVS. Late last week, CVS workers in California went on strike after they claimed that the company was involved in bad-faith bargaining. The strike was authorized by the union representing the workers in the area, namely the United Food and Commercial Workers union.
As healthcare costs continue to rise , more employers are seeking cost-effective ways to maintain competitive health benefits. Traditional group health policies are becoming increasingly unaffordable, especially for small businesses. In fact, small employers anticipate a 9% increase in health benefit costs going into 2025 1. Thankfully, there’s an alternative: the qualified small employer health reimbursement arrangement (QSEHRA).
Need answers to your toughest payroll questions? PayrollOrg's free eBook for members, Top Payroll Questions and Answers for 2024, contains solutions to payroll questions that were raised in the past year.
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.
Employees across the globe have been pushing for a shift to a four-day workweek model while employers have continued to resist the change. In the latest update to the story, a smattering of German firms engaged in a four-day workweek trial to test whether the system was feasible for their business. The six-month study conducted across 45 organizations showed that Germany’s four-day week experiment was extremely successful, with many of the firms now open to shifting their work model more perman
As businesses strive to foster inclusive workplaces, the importance of pay equity has become a critical factor. Pay equity software helps organizations identify and address pay gaps by providing analytical insights into compensation trends, disparities, and biases. This article highlights the top pay equity software in 2024, providing a detailed overview of their key features and the specific needs each addresses.
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.
Estimated reading time: 6 minutes It’s one thing to write a great policy. It’s something different to implement it. We’ve been talking about artificial intelligence (AI) policies in this series. The first article focused on why organizations need to have both AI strategies and policies. In the second article, we discussed some things to consider when writing an Artificial Intelligence policy.
As businesses, large and small, continue to adapt to post-pandemic realities, the demand for flexible working solutions continues to surge. The part-time office offers companies the ability to rent office spaces on a part-time basis—often for just one to three days a week— whilst opening a unique opportunity for occupiers, landlords, operators, and investors.
The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits , and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation. 2025 medical FSA contribution limits (including limited and combination FSAs) 2024 : $3,200 per year 2025 : $3,300 per year 2025 medical FSA carryover 2024 : $640 per year 2025 : $660 per year 2025 commuter benefits contribution limits 2024 : $315 per month 2025 : $325
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
Young graduates are having a hard time finding employment, but matters aren’t any easier for older workers either. Ageism in hiring has always been a problem, however, older workers are increasingly worried about the obstacles in their way to finding work. A recent study by CWI Labs found that 59% of workers aged 50 or older believe their age has created roadblocks in their job hunt.
International Foundation of Employee Benefit Plans
OCTOBER 23, 2024
As the U.S. moves through another election year, you’re likely to see a few headlines about how America gets out to vote. One of the ideas that will undoubtedly be discussed again is whether workers should get time off to vote—Some people […] The post Time Off for Voting appeared first on Word on Benefits.
Look up the word integrity in a reference publication, and you will likely encounter definitions such as “adherence to a moral code of conduct,” “having strong moral principles you refuse to violate,” and “soundness of character.” Perhaps the easiest way to explain the concept is what you might say if a child asks.
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.
For the first time, the Internal Revenue Service (IRS) is reducing penalties for employers who don’t meet the federal government's requirements for health insurance. If you're a large business owner, you might be wondering how this affects your responsibilities and liabilities. Applicable large employers (ALEs), or organizations with 50 or more full-time equivalent employees (FTEs), must meet the employer shared responsibility provisions (ESRP) of the Patient Protection and Affordable Care Act (
Think of a person with a disability. You’re probably imagining someone using a wheelchair, a cane, or perhaps an assistive device like a hearing aid. But not every disability is so visually apparent. A significant portion of people living with disabilities do not show outward signs of their challenges. These invisible disabilities can be just as impairing as those with visible symptoms, yet they often go overlooked and unaccommodated in the workplace.
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.
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