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Every win— whether small or big— deserves to be celebrated. The same stands true for the workplace too. While there are numerous ways to show appreciation for your employees' efforts, giving meaningful gifts is the simplest and most effective. This article is all about the various employee appreciation gifts that will help show your employees that you value them.
International Foundation of Employee Benefit Plans
JUNE 23, 2022
Offering pet-related perks has been touted as one strategy for employers trying to get a leg up (or a paw up!) when competing for employees. In honor of Take Your. Read more > The post Pet-Friendly Workplaces: A Paw-fect Employee Retention Tool appeared first on Word on Benefits.
Offering employee benefits is an effective way to attract talent and improve employee retention in your company. However, employers at small and medium-sized organizations may be hesitant to implement benefits due to the cost and administrative burden. Administering employee benefit programs can be challenging, plus there are many compliance regulations that employers and HR practitioners need to keep track of.
Showing genuine appreciation for employees is a must for any organization that wants to weather the Great Resignation. A company where employees don’t receive positive feedback and frequent appreciation is one they’ll seek to leave before long. Gifts are a wonderful way to make employees feel valued and recognized — if done the right way. Personalized, meaningful gifts that team members actually want go much further than yet another branded mug they don’t need or a gift card to a restaurant they
Get ready for the future of business. As HR navigates an ongoing labor shortage, leaders need stronger, more adaptable recruiting strategies. Do you have the tools you need to build a talent pipeline that drives sustainable business growth?
The 2020 COVID-19 pandemic caused a transition in business operation, whereby implementing a hybrid working policy is one of the critical changes. Before then, many companies used the traditional onsite working model in managing their businesses. However, the pandemic restrictions enabled the absorption of a hybrid work model to run the organization’s activities.
I recently attended a webinar about fraud sponsored by Consumer Action. The title was Fraud and Scams in the COVID-19 Economy. The webinar presented statistics about the incidence of fraud and types of consumer fraud complaints, as well as “red flags” of fraud and tips for working with fraud victims. Below are eleven of my key take-aways from the webinar: ¨ Fraud Reports - About 5.7 million fraud reports were logged by state and federal (e.g., CFPB, IRS, Federal Trade Commission) government agen
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I recently attended a webinar about fraud sponsored by Consumer Action. The title was Fraud and Scams in the COVID-19 Economy. The webinar presented statistics about the incidence of fraud and types of consumer fraud complaints, as well as “red flags” of fraud and tips for working with fraud victims. Below are eleven of my key take-aways from the webinar: ¨ Fraud Reports - About 5.7 million fraud reports were logged by state and federal (e.g., CFPB, IRS, Federal Trade Commission) government agen
With the rapid technological and cultural changes our society has experienced over the last few decades, the old leadership styles leftover from the industrial age are no longer effective. The role of managers and business leaders today is moving away from one of control and authority towards more of a position of support and empathy. Though most organizations today are on board with this modern approach to management, not every person put into a leadership position has the skills or emotional i
Still wondering what corporate social responsibility really is? The adoption of “corporate social responsibility” is a trend that has really gained traction in the last 10 years. If you’re still trying to figure out what it is and what it means for your organization, you’re not alone. Let’s put it this way: We know what a “good human citizen” looks like and the characteristics that go along with that, right?
Jump to section. Lack of connection hurts all workers. Your career needs you to connect more, too. Workplace connectedness: What’s your type? What to do to boost your connectedness. If spending hours seeing colleagues’ faces over video isn’t making up for the feeling you used to get after a good day in the office, you’re not alone. Though we now know a lot more than we did before about things like Zoom fatigue that zap us of energy in new and complex ways, there’s another piece to the puzzle.
Women are making changes like never before. We can prove this with the women in the workplace statistics. Even though most women still struggle with work and aren’t appreciated as they should be, changes are still taking place gradually. We advise that you keep doing what you are doing because you are doing perfectly well. . The bias against women globally is what every woman is fighting against.
As our workforce evolves, so must the way we support it. With more employees choosing to work beyond age 65, HR leaders are increasingly being called upon to guide aging employees through one of the most complex transitions in their professional lives - from employer sponsored plans to Group Medicare. Without clear guidance, confusion around eligibility, coverage options, and cost implications can lead to uncertainty and missed opportunities for optimized benefits.
If you are an HR manager in charge of employee onboarding , here is a small piece of advice for you. Don't make the mistake of overlooking the importance of onboarding surveys and their consequent onboarding survey questions. Even if HR managers do end up using onboarding surveys, the effectiveness of those surveys depends on the onboarding survey questions.
Keeping track of paperwork can be a challenge, It’s easy to misplace a file or even spill coffee on a document on your desk. If you don’t have that document backed up in an electronic format, you may have just lost important company or employee data. If your desk is still cluttered with paper files or documents, it’s probably time to consider switching to electronic records management (ERM).
As we approach mid-year there are about a dozen cities and counties in the Golden State that will be increasing their minimum wage for employers that operate within their jurisdictions. The state minimum wage is currently $15 an hour for employers with 26 or more workers, and $14 an hour for all other smaller employers, but some cities and counties have higher rates to account for cost-of-living differences.
Life changed as society emerged from the Covid-19 pandemic. Most of all it impacted people’s views about work and how they work. So, it is not surprising that compensation trends for a post-pandemic world look vastly different from the one before the pandemic. Employee compensation trends have been heavily influenced by the change in work culture and expectations.
ChatGPT is a powerful tool that can help you quickly brainstorm, draft, and refine tasks on your to-do list. But it can take a bit of strategy and practice to get generative AI to give you the time-saving results you’re looking for. Try these 14 detailed prompts to unlock the power of ChatGPT. You'll discover ways to streamline tasks for hiring, employee engagement, and performance management.
The New Jersey Supreme Court upheld two decisions by lower state courts in May to dismiss litigation challenging Jersey City’s ordinance that taxes city employers’ payroll but exempts residents. The supreme court also agreed with the state appellate division’s decision to remand for discovery one provision of the ordinance regarding the tax treatment of supervisors. […].
At least half of my legal practice is serving as outside labor-and-employment counsel for small to midsize businesses. And, increasingly, much of that practice is consumed with drafting post-employment covenants, sending cease-and-desist letters to employees who are in violation of those covenants or filing lawsuits to enforce those covenants. Or, conversely, I often advise businesses whether they can hire employees with noncompete agreements or defend lawsuits seeking to enforce said covenants.
International Foundation of Employee Benefit Plans
JUNE 21, 2022
The International Foundation has surveyed apprenticeship stakeholders across the U.S. and Canada since 2010, gathering insights on a number of trends impacting their plans, including program challenges, apprentice challenges, recruitment. Read more > The post Life Skills Initiatives in Apprenticeship Training appeared first on Word on Benefits.
A new study has found that many people in employer-sponsored health plans are enrolling in plans that are costing them more than they ought to be paying. Many employees choose pricey plans with low deductibles, which force them to spend more up front on premiums to save just a few hundred dollars on their deductible. As result, many employees are spending hundreds, if not thousands of dollars more on their health care/health coverage than they need to.
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.
Productivity is all about getting more work done in fewer hours without losing quality. But strategic thinking about productivity may become a lost art in the eCommerce world that works in a hyper-paced loop of promotions and product launches. When it comes to expanding your eCommerce business, boosting efficiency is a powerful tool. When emphasizing the productivity culture within your eCommerce business, you need to avoid some of the common mistakes that come along the way.
Sophia planned to wait until later in her pregnancy to announce the news to people at her office, but she believes most of them already suspected. Needing to run to the washroom to throw up has become an hourly event, and she sits at her desk at lunch rather than deal with the smells encountered in the employee lounge. Her health care provider is monitoring the situation but worries she may Hyperemesis Gravidarum, a condition characterized by severe nausea, weight loss, and dehydration.
When it comes to recruiting and retaining your employees, you need a competitive employee benefits package. However, there’s more to creating a standout compensation package than adding additional perks. It’s essential to select the right benefits for your employees. Some benefits are more appealing than others, while others help you address the growing needs of your employees without adding unnecessary complexity.
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!
With diversity, equity and inclusion (DE&I) as an increased business focus across the board, more are setting a strategic DE&I goal to hire a diverse workforce (aka DE&I hiring”). Multiple studies have shown that companies with diverse workforces and diverse leadership : Perform better, likely as a result of reduced groupthink and more innovation Enjoy greater financial returns Achieve stronger employee engagement and improved morale.
On June 28, 1969, police raided the Stonewall Inn, a gay bar in the Greenwich village of lower Manhattan in New York City, which had served as a safe haven for the LGBTQ+ community. Tensions snowballed, ultimately resulting in several days of protests.
Employee benefits professionals are inquiring about relief options for proposed regulations for required minimum distributions (RMDs). According to this Tax Notes article, the proposed regulations would make determining the RMDs during the plan participant’s lifetime and the designated beneficiary more challenging for plan sponsors, IRA trustees and custodians, and third-party administrators.
Recently, Elon Musk made headlines with the announcement that all employees at Tesla and Space X would need to return to the office for a minimum of 40 hours per week. What could compel this innovative trend-setter to make such a bold move when society appears to be leaning toward increased job flexibility ? Will this influence other businesses to require their workforces to return to the office permanently?
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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