Sat.Oct 26, 2024 - Fri.Nov 01, 2024

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The Role of Strategic HR Planning in Enhancing Organizational Efficiency

Qandle

For organizations striving to stay competitive and adaptable in today’s fast-paced market, an effective strategic HR planning process is crucial. Strategic HR planning goes beyond merely hiring the right talent; it focuses on aligning human resources with the organization’s goals to enhance efficiency and foster growth. By developing comprehensive HR strategies, businesses can anticipate workforce requirements, navigate potential challenges, and support their long-term objectives.

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Inflation Impacts and Financial Clawback Strategies

Money Talk

Unless you’ve been living under a rock during the past three years, you know that inflation- i.e., an increase in the cost of goods and services- has been a major concern of U.S. households as their dollars purchase less than they did prior to the pandemic. While virtually no household purchase has been exempt, areas of highest recent concern are food, vehicles, insurance, and housing.

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Best Benefits For A Small Business

Enjoy Benefits

If you’re a small business thinking of adding employee benefits to your workplace, how do you choose the right ones to offer? At Enjoy Benefits, we offer a range of benefits that you can choose from, which will make a difference to your employees’ lives and your business. We have decades of experience, and we actively work with thousands of UK businesses, particularly SMEs.

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Standing desks may not be any better for you than office chairs

Workplace Insight

Last week at Orgatec, many firms continued to repeat the claim that “sitting is the new smoking” in their marketing spiel. There’s something in this. The risks of a sedentary lifestyle include health problems such as obesity, diabetes, and cardiovascular disease. Standing desks have been seen as a way to reduce the time people spend sitting while at work as a fix for such health problems.

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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC

The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.

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Communication Inspiration: The Benefits Hub

International Foundation of Employee Benefit Plans

What actions can you take to ensure benefits plan members use the programs offered by your organization and value your investment in their well-being? As technology and members’ communication preferences keep evolving, trustees and plan sponsors need to continuously evolve their communication […] The post Communication Inspiration: The Benefits Hub appeared first on Word on Benefits.

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What is Employer-Sponsored Health Insurance? A Beginner's Guide

PeopleKeep

In today's competitive labor market, employee benefits are more important than ever. According to our 2024 Employee Benefits Survey , 81% of employees consider an employer’s benefits package as an important factor in whether they accept a job. Health insurance consistently ranks as the top benefit employers can offer. It supports employee health and also plays a key role in their financial security.

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5 ways for employers to manage post-election emotions in the workplace

Employee Benefit News

An expert from NeuroLeadership Institute discusses what to keep in mind as employees process the results of the presidential race.

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Are Your Benefits Enough to See Employees Through a Crisis?

InterWest Insurance Services

Middle class families — those with incomes of between roughly $50,000 and $100,000 per year — are becoming increasingly reliant on workplace benefits to ensure their financial well-being in case of a disability or critical illness. Simple health insurance is insufficient to carry the load. The loss of a breadwinner’s or caregiver’s financial contribution through death or disability is often devastating.

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The Link Between Financial Wellness and Employee Performance

3Sixty Insights

Roughly 60% of Americans reported living paycheck to paycheck in 2024. These numbers are unsettling, especially given their consistent growth. But it also means nearly two-thirds of the U.S. workforce could face a financial crisis over something as simple as a flat tire. The downstream effects of this are not just confined to workers. They also impact the performance of the businesses they work for.

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10 HR Metrics for 2025: HR Data Toolkit

The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!

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The top 3 benefits employees told us they want education on

WEX Inc.

As an employer, providing a robust employee benefits package is only half the battle. Educating on the value of their benefits and how best to use them is equally important. We recently surveyed nearly 60,000 of our participants. One of the questions we asked: What benefit would you like to learn more about? In this article, we share the top three benefits they said they would like more education on to help you prepare for your upcoming open enrollment.

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In 2024, employees see flexible work as a mental health benefit

Employee Benefit News

Offering workers more power over their schedule demonstrates empathy and builds trust.

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Compliance TV: IRS Announces 2025 COLAs for Transportation Fringes, FSA Deferrals; Social Security Wage Base Increases to $176,100 for 2025; and more

PayrollOrg

In this November 2024 issue of Compliance TV: IRS announces 2025 COLAs for transportation fringes, FSA deferrals; Social Security wage base increases to $176,100 for 2025; and more.

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Saving Money on Employee Benefits is Not as Scary as You Think

International Foundation of Employee Benefit Plans

The 2024 edition of the International Foundation’s Employee Benefits Survey addresses many topics that organizations struggle with to keep benefit cost down for their employees. This includes health care plans and prescription drugs. Prior research conducted in 2024 by the International Foundation […] The post Saving Money on Employee Benefits is Not as Scary as You Think appeared first on Word on Benefits.

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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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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first-timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. In the final blog post of our three-part series to educate first-time participants, we explore all the unknown voluntary benefits terms and bring clarity of information to first-time participants.

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The campaign issues HR execs must watch

Employee Benefit News

Whoever wins the White House and controls Congress is likely to affect important issues tied to compensation and healthcare.

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Get Your Free Guide to Global Payroll Management

PayrollOrg

PayrollOrg and sponsor Papaya Global have teamed up to present the 14th edition of the Guide to Global Payroll Management. This free comprehensive eBook covers critical compliance guidelines vital to payroll professionals responsible for managing and administering global payroll or for anyone who wants to expand their knowledge across international borders.

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Construction Fall-Protection Trigger to be Reduced to 6 Feet

InterWest Insurance Services

The Cal/OSHA Standards Board has relented to threats from Federal OSHA and voted to align its residential construction and roofing fall-protection trigger with its federal counterpart at 6 feet. California has been the only state that runs its own OSHA and not comply with the federal mandate that requires laborers working at heights of more than 6 feet to use fall-protection like safety harnesses and clips, among other methods.

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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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Are You a Frequent Job Hopper? Consider Its Impact on Retirement

HR Digest

The Great Resignation may have presented us with the peak number of workers quitting their jobs and moving on to new opportunities elsewhere, but the trend of job hopping didn’t start or end there. Most employees work with multiple employers over the course of their career but even moderate instances of job hopping can have a lasting impact on their retirement fund.

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What are the top retirement insights that consumers need to know?

Employee Benefit News

While data from Goldman Sachs showed that consumers are more confident about reaching their savings goals with a plan in place, many face financial challenges along the way.

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Structuring Competitive Compensation Packages for UAE Talent

Bayzat

Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Sometimes referred to as a salary package, an employee compensation package is the overall combination of financial and non-financial rewards that employees receive in exchange for their work.

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Beyond the jargon: what insurance benefits really mean to your team

Workplace Insight

Offering a comprehensive employee benefits package is more important than ever, and Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. But with so many products out there, and terms like “Group Income Protection” and “Critical Illness Cover” making many people’s eyes glaze over, it can be hard to determine the right product for your people – and what they really offer.

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4 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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Breaking Out Our Reserve of Salary Negotiation Tips for You to Employ

HR Digest

Need a few salary negotiation tips to ensure the pay at your next job aligns with your best interests? We’re going to break down some salary negotiation strategies so you don’t find yourself both overworked and underpaid despite all the experience you have in your field. Any salary is better than no salary at all, so it can be very tempting to accept a job offer without any negotiations.

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10 states with the most and least salary transparency

Employee Benefit News

California is the state with the largest percentage of job listings that show a salary, and Alabama is the state with the lowest percentage.

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How better payment remittance drives AP efficiency and security

WEX Inc.

Cash shortfalls. Poor supplier relationships. Fraud. There are some ways you could turn these setbacks into opportunities by enhancing your payment remittance process. You might be surprised to learn all the ways that virtual cards can help improve remittance. What is payment remittance? Payment remittance is the process of sending funds from one party to another using some sort of payment method.

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What is a benefits broker and how can they simplify employee benefits?

Higginbotham

Navigating employee benefits can be complex for employers, especially when balancing cost control with providing comprehensive offerings to workers. This is where a benefits broker can become indispensable. Acting as an intermediary between employers and insurance providers, benefit brokers help design, implement and manage employee benefits programs.

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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.