article thumbnail

IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans

McDermott Will & Emery Employee Benefits

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

article thumbnail

IRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 strategies for a successful total rewards program

Insperity

Examples include base wages, premium pay (such as on-call and holiday pay), variable pay (such as commissions and bonus programs), perks (such as company car, transportation stipends, and phone bill reimbursement), incentive programs (such as profit-sharing and performance shares), and severance pay.

article thumbnail

United Kingdom’s Gig Economy: New Regulations and Their Implications

Global People Strategist

Transportation, hospitality, and creative sectors have been particularly affected. Enhanced health and safety measures will also ensure that gig workers are not exposed to undue risks. However, work-life balance and mental health remain essential considerations as the gig economy evolves.

article thumbnail

10 People Sustainability Strategies for Your Business

Vantage Circle

Better Employee Health and Well-being Prioritizing people sustainability can lead to a healthier and more motivated workforce, with lower rates of stress, burnout, and absenteeism. According to a study by the SHRM , companies that invest in employee health and wellness programs see a return of $3 for every $1 spent.

article thumbnail

Britain is no longer a nation of shopkeepers, but it is divided by the work we do

Workplace Insight

including animal welfare officers, zookeepers and vet assistants). There’s also a high concentration (at least twice the UK average) of newspaper and periodical editors, managers in transport and distribution, production and process engineers, and events managers and organisers. times the UK average.

article thumbnail

Are workers’ compensation laws keeping up with changing demographics?

Workers' Compensation Perspectives

Workers’ compensation and occupational health and safety are not keeping pace. One key consequence of changing demographics in Canada, the US, and Australia is the increasing number of older workers in the overall population and the work force. average) and a quarter of females (25.7% in 2001 to 15% in 2021) in the last two decades.