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In today’s fast-paced business environment, managing human resources effectively is more crucial than ever. Companies are looking for ways to streamline HR processes, reduce administrative burdens, and enhance employee experience. A unified HR solution integrates various HR functionsrecruitment, onboarding, payroll, benefits management, performance tracking, and complianceinto a single, centralized platform.
I recently attended (virtually) a conference about retirement savings sponsored by the Employee Benefit Research Institute (EBRI). Below are some of my key take-aways: Funded Contentment - I ever heard that phrase before. It means a persons ability to underwrite a happy and meaningful life. The focus is on having enough money instead of reaching a specific number (i.e., dollar amount of retirement savings).
The automotive industry is no stranger to turbulence, and General Motors (GM) is once again navigating the choppy waters of layoffs. In January 2025, GM filed a WARN notice signaling layoffs at its Fairfax Assembly plant in Kansas. The upcoming General Motors layoffs will send ripples through the workforce and raise questions about the automakers future direction.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Ensuring your employees have a robust retirement plan is a vital aspect of building a supportive and successful workplace. A well-structured retirement plan not only aids in attracting and retaining top talent but also boosts employees’ financial security and satisfaction.
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Ensuring your employees have a robust retirement plan is a vital aspect of building a supportive and successful workplace. A well-structured retirement plan not only aids in attracting and retaining top talent but also boosts employees’ financial security and satisfaction.
New research on employee stress has revealed useful insights to incorporate into your companys benefit program. EBRIs 2024 Workplace Wellness Survey interviewed over 1,500 American employees and uncovered surprising trends that could shape workplace wellness strategies in 2025 and beyond. Above all, employees hope to improve their financial lives to secure their future.
Almost 60 percent of CEOs around the world expect global economic growth to increase over the next 12 months, according to PwCs 28th Annual Global CEO Survey, launched during today’s World Economic Forum Annual Meeting. The report, which surveyed 4,701 CEOs across 109 countries and territories, also finds that 42 percent of businesses expect to increase headcount by 5 percent or more in the next 12 months more than double the proportion who expect headcount decreases (17 percent), and up
Group Health Plan Trends for 2025 As health insurance costs continue to rise at an uncomfortable pace, employers in 2025 plan to shake up the status quo with their health care vendors, particularly those focused on reducing pharmacy spend, a main cost driver, according to a new report. To address spiraling costs, they will also focus on educating their staff about the importance of prevention and immunizations and guiding them to use specialized services that focus on managing chronic conditions
Well-written performance goals help energize employees and point them in the right direction. They help managers conduct more effective performance reviews. Here are 100 phrases to adapt from 2600 Phrases for Setting Effective Performance Goals by Paul Falcone and additional performance goal phrases that may help you provide more helpful feedback to struggling team members.
What if your benefits strategy could be more than just inclusive—what if it could actually bring your team closer together? In today’s evolving workplace, employees span a wide range of life stages, work arrangements, and cultural perspectives. That’s why offering one-size-fits-all benefits just doesn’t cut it anymore. It’s time to reimagine how we support our teams.
I've spent years studying what truly keeps employees engaged , and the answer often surprises companies. While competitive salaries matter, they're rarely the whole story. Think about your own career experiences for a second - A thoughtful acknowledgment from leadership, The flexibility to balance your work and personal life, Opportunities to grow professionally These moments carry no price tag yet create lasting impact.
Role mapping is a critical process in Human Resources (HR) that helps organizations align employee roles with business objectives. It ensures that employees have clearly defined responsibilities, competencies, and career paths. By mapping roles effectively, businesses can enhance workforce efficiency, streamline recruitment, improve training, and drive overall organizational success.
The season for filing taxes is upon us once again. We’re getting closer to the deadline for filing for 2024. We wanted to share a few tips and reminders about the health savings account (HSA) information youll need for your tax return. These will help you get organized and prepared for easy and successful filing. 1. Make sure your W-2 form shows HSA payroll contributions Provided by your employer, your W-2 shows the wages you earned and any taxes withheld.
Keeping with the trends from last year, over 45% of companies expect layoffs in 2025. Corporate downsizing has been the name of the game over the last few months, with businesses both big and small cutting down on their workforce. The layoff crisis is expected to continue in 2025, with employers predicting that their own companies will also turn to the same practices of reorganization.
As the workforce ages, retirement is becoming a more complex and emotionally significant transition. For many employees, retiring marks not only a change in benefits and income but also a shift in identity, community, and purpose. This webinar explores how HR professionals can support aging and retiring employees through a trauma-informed lens—one that recognizes the emotional and psychological dimensions of leaving the workforce.
Managing human resources (HR) is an essential part of any organization. A streamlined HR process not only enhances employee satisfaction but also improves organizational efficiency. However, inefficiencies in HR processes can lead to frustration, increased costs, and missed opportunities. Identifying these inefficiencies is the first step toward building a more productive HR system.
Recent economic pressure has put financial wellness benefits in the spotlight. 2025 is a pivotal year for reassessing how employee wellness impacts organizational success. Stress has long been known to damage employee mental health, productivity and retention. This is especially true of financial stress. Employees grappling with financial anxiety may be more distracted and less engaged.
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.
Theres a quiet revolution happening in B2B go-to-market strategy, and it doesnt involve flashy tools or cold outreach hacks. Its founder-led growthdriven by real people with strong points of view who are willing to step into the spotlight. In our latest GTM Innovators episode, I sat down with Finn Thormeier, founder of Project 33, to unpack how B2B SaaS companies can turn their internal expertise into a high-performing demand engine.
For years,high-deductible health plans have been the most common type of health insurance that employers offer. HDHPs surged in popularity between 2013 and 2021, peaking at 55.7% enrollment. But in a sharp reversal, enrollment in these plans has now fallen for two consecutive years, dipping to 49.7% in 2023, according to the latest data from ValuePenguin.
Young people who began their careers around the start of the Covid-19 pandemic or soon after are being invited to share their experiences of the workplace, as part of an inquiry into the effects of hybrid working. To mark five years since the first lockdowns began globally, business standards and improvement company BSI is investigating the impact of the restrictions on younger workers, and how transformed ways of working have shaped subsequent career journeys.
International Foundation of Employee Benefit Plans
JANUARY 7, 2025
Understanding how government sponsored programs operate is essential to communicating benefits to all employees. Here is what you need to know regarding Employment Insurance benefits in 2025. The Employment Insurance (EI) program provides temporary income support to unemployed workers while they look […] The post Employment Insurance Benefits: What You Need to Know for 2025 appeared first on Word on Benefits.
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.
Employee rewards programs are essential for boosting morale, increasing engagement, and fostering a productive work environment. In 2025, companies are prioritizing innovative and customizable rewards systems to cater to a diverse workforce. Whether you’re looking for monetary incentives, peer recognition, or experiential rewards, theres a system designed to meet your needs.
In an era of remote work, hybrid teams, and global expansion, internal communication tools are no longer optional they are essential. Effective internal communication fosters collaboration, transparency, employee engagement, and productivity. In 2025, organizations are investing in advanced tools that streamline communication, integrate with other platforms, and support real-time collaboration.
Recruiting is an essential aspect of any business, as companies rely on recruiters to find the right talent and build high-performing teams. While rewarding, the role of a recruiter is also demanding. Constant pressure, tight deadlines, high expectations, and the emotional labor of dealing with candidates and clients can lead to recruiter burnout. Recognizing the causes, symptoms, and ways to overcome recruiter burnout is crucial to maintaining well-being, productivity, and job satisfaction in t
Diversity, Equity, and Inclusion (DE&I) are essential for building innovative, dynamic, and successful organizations. Leveraging AI for DE&I sourcing can help businesses overcome biases and expand access to diverse talent pools. This article explores actionable strategies for using AI to supercharge DE&I hiring efforts. Introduction to DE&I in Sourcing Organizations today are placing increasing emphasis on DE&I, recognizing that diverse teams enhance creativity, productivity,
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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