Sat.Oct 12, 2024 - Fri.Oct 18, 2024

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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

In today’s competitive business landscape, fostering trust and transparency with employees is paramount. One powerful tool for achieving this goal is the Total Compensation Statement (TCS). By providing employees with a clear and comprehensive overview of their total compensation package, including both direct pay (salary or wages) and indirect benefits, TCSs can significantly enhance employee satisfaction, loyalty, and engagement.

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Top 10 Global HR Services Providers 2024

HR Lineup

Human Resource (HR) services have become a critical component of business success, particularly in a globalized economy. With the increasing complexity of workforce management, HR service providers offer a wide range of solutions to help businesses attract, retain, and manage talent effectively. From recruitment and payroll processing to compliance and performance management , these HR service providers are integral to the smooth functioning of organizations worldwide.

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Tackling today’s HR challenges to stay competitive tomorrow

Insperity

For all the speculation about what the future of work will be like, one could argue that “the future of work” is already here. For the last few years, we’ve all been grappling with rapidly unfolding changes, and these changes have brought new challenges for businesses. As organizations continue to navigate evolving employee expectations, remote work setups and rapid technological advancements, staying competitive means being proactive in addressing these challenges head-on.

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Supporting workers in a changing workplace

Employee Benefit News

The many shifts happening within the workplace need to be recognized and accommodated for optimal employee and business outcomes.

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Future-Proof Your Talent Pipeline

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?

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The New Caregiver Benefits: Precision Support Through Expanded Understanding

International Foundation of Employee Benefit Plans

Caregiving is not merely a personal responsibility; it is an essential societal function. Research has found that 73% of all employees1 have some current caregiving responsibility—whether caring for aging parents, supporting a loved one through illness or raising a child—requiring them to […] The post The New Caregiver Benefits: Precision Support Through Expanded Understanding appeared first on Word on Benefits.

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Maine 2025 Withholding Tables Now Available

PayrollOrg

Maine Revenue Services has issued withholding tables that will be effective for wages paid on or after January 1, 2025.

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In the aftermath of a disaster, Aeroflow put its employees and community first

Employee Benefit News

From securing hotel rooms to offering entire warehouses to FEMA, this CEO is doing all he can following Hurricane Helene.

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The Benefits of Offering Flexibility in the Workplace: A Wellness Perspective

Flimp Communications

The 9 to 5 workday, an arduous commute, limited vacation days, the need to request personal time to see the doctor or attend a school play — just a few years ago, these rigid and restrictive features of the working life seemed inevitable. But in the aftermath of the COVID pandemic and motivated by the priorities of younger working generations, the shape of work in the 21st century is rapidly evolving to allow more flexibility than ever before.

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Fully Insured vs Self-Insured vs Level-Funded: What Does It All Mean To The Small Employer?

Fringe Benefit Analysts

 Small employers looking for ways to control their group health insurance costs are more closely examining what it means to be “ fully insured.” These days, employers with as few as 10 full-time employees are exploring other funding arrangements which can allow them more control—or at least more accountability—over their annual premium increases.

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Understanding Group Medicare for an Aging Workforce: Key Considerations for HR Leaders

Speaker: Shawnequa Albert

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.

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Want sustainable buildings? Invest strategically in smart technology

Workplace Insight

Strategic investment, innovative technology, and collaboration are essential for achieving sustainability and value goals in the real estate sector, according to a new report from Colliers. The report Realising ESG Performance: The Value-Driven Transformation of Europe’s Built Environment [registration] claims to provide insights into how the real estate industry can embrace sustainable buildings and comply with regulatory demands while creating long-term value.

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A third of employees want AI banned from the workplace

Employee Benefit News

Job security and adequate training remain the primary concerns for late adopters of this innovative tech.

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How to Streamline Your Insurance Policy Audit

InterWest Insurance Services

Are you due for a workers’ compensation premium audit? Audits are how insurance rates are determined, and it’s possible that an audit will uncover information that can actually save you money — or not if you’ve hired additional staff and haven’t notified your insurer. In any case, it pays to be prepared by taking on board the following tips: Let us know when there are changes in your staffing, payroll or areas of operation.

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Leveraging MOOCs for Cost-Effective Employee Development in the UAE

Bayzat

The rise of technology has brought about several changes in the way we learn and work. One of the most significant changes is the availability of Massive Open Online Courses (MOOCs). These courses are offered online and can be accessed by anyone with an internet connection, making it possible for individuals from all over the world to access high-quality education at a minimal cost.

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Ready to Save Time With AI? Try 14 ChatGPT Prompts for HR

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.

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WEX celebrates HSA Day 2024 with resources for HR leaders, employees

WEX Inc.

Today, to commemorate National Health Savings Account Awareness Day (HSA Day) celebrated annually on October 15, WEX is highlighting available resources to help employers and employees better understand the impressive value of HSAs for both wellbeing and wallets. “Health savings accounts are booming in popularity, with total assets eclipsing $123 billion in 2023 – nearly triple from just five years earlier – and yet they’re still widely misunderstood,” said Robert Deshaies, Chief Operating Offic

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The top 5 benefits, according to each generation

Employee Benefit News

Research found that while benefits like retirement and flexibility are valued by all groups, mental health support and long-term care are more age-specific.

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Financial Wellness Company Best Money Moves Wins Social Impact Award

Best Money Moves

On October 16, 2024, Best Money Moves Founder & CEO Ilyce Glink accepted the Social Impact Award from Smart Business Dealmakers at their annual Chicago conference. This is her acceptance speech. Marne, thank you for that gracious introduction. And, thank you to the nominating committee for honoring Best Money Moves with a 2024 Dealmakers’ Social Impact award.

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Bosses are too cocky when it comes to modern risks to their businesses

Workplace Insight

CEOs face sleepwalking into reputational disaster through a concerning over-confidence which masks inadequate crisis planning to mitigate modern day risks, according to a new report [registration] from PHA Group. The survey questioned 150 CEOs across the UK’s £240bn professional services sector on confidence and planning in navigating business critical issues.

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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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How AI is Driving the Future of HR

3Sixty Insights

Artificial intelligence (AI) is playing an increasingly significant role in HR workflows, alleviating the burden caused by the growing list of tasks that HR professionals face. In fact, according to a recent survey of 1,000 HR professionals conducted by isolved in partnership with Talker Research, 77% of HR professionals believe AI training is critical to enhancing their roles, and 81% of those whose companies have adopted AI report using it in their daily tasks.

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Best and worst states for starting salaries in big tech

Employee Benefit News

The average starting salary for the top ten states is $110,000 and the average starting salary for the bottom ten states is $41,452.

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Top metrics to track so you learn more about this open enrollment’s performance

WEX Inc.

Open enrollment performance tracking is important to make sure you have a successful period, ensuring you’re offering your employees the best possible benefits packages, and creating a better system for years to come. In the latest blog post in this year’s open enrollment series, we’ve compiled some open enrollment metrics to track. Communication engagement metrics Communication engagement can provide insights into employee satisfaction and level of engagement.

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3 in 4 Workers Would Accept Lower-Pay for Better Benefits: Survey

InterWest Insurance Services

A new study has found three out of four U.S. workers would accept a job with a slightly lower salary if it offered better health care and medical coverage. The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. Besides looking for better health coverage, there’s growing interest among employees for voluntary benefits that can buffer health care costs, like critical ill

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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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Starting with ‘Why’: Building a Successful B2B SaaS Go-to-Market Strategy

3Sixty Insights

In the competitive world of B2B SaaS, understanding the core reason why your product exists is more than a philosophical exercise—it’s a strategic imperative. While features and functionalities are important, they are merely tools to fulfill a deeper mission. Starting with why helps you articulate your purpose, resonate with your target audience, and align your team towards common goals.

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5 strategies for mitigating the effects of work stress

Employee Benefit News

Leaders need to redefine work-life balance, leverage relationships, encourage mentorship, modernize EAPs, and share the load between employers and employees.

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IRS Introduces Supplemental Claim Process for Employee Retention Tax Credit

McDermott Will & Emery Employee Benefits

The Internal Revenue Service (IRS) introduced a supplemental claim process to assist payroll companies and third-party payers in resolving incorrect claims for the Employee Retention Credit. This process allows third-party payers to correct or withdraw claims for taxpayers who are ineligible for the credit.

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How The Great Detachment Is Transforming Workplace Dynamics

BetterUp

Jump to section What is the Great Detachment?

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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.