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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.
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.
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.
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Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
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.
Remember when companies thought they could get away by offering a basic health plan and call it a day when it came to employee benefits. But not anymore! The modern workforce wants more. They want flexibility, purpose, financial wellness, and a workplace that values them beyond the 9-to-5 grind. Companies that think free snacks and a 401(k) match are enough?
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
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.
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.
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.
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.
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.
As we step into 2025, the corporate landscape is undergoing seismic shifts, driven by technological advancements, shifting employee expectations, and an increasingly globalized workforce. In this era of transformation, employee benefits have emerged as a strategic lever for attracting, retaining, and engaging top talent. Organizations that fail to adapt to these evolving trends risk being left behind in the race for the best and brightest.
The way we hire is changing quickly with the help of AI and automation. These technologies are changing how companies hire by making the process faster, more efficient, and better for candidates, while also helping businesses find the best talent quickly. There are many AI tools revolutionizing recruitment. For instance, tools like text to voice generator enable businesses to create professional voice overs for job postings, onboarding materials, and training content.
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.
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.
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.
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.
Soaring court judgments and jury awards are pushing up the cost of commercial liability and umbrella insurance policies, particularly for businesses that have been sued before. There are a number of factors at play, including massive “nuclear” jury awards for tens of millions of dollars, private equity-backed lawsuits and a phenomenon known as “social inflation” when the costs of jury awards increase faster than the cost of living.
Fortune magazine has lately been focused on the challenges of the workplace. A recent post focused on a Fortune story about employees who claim to be afraid to speak their minds at work. See Are You Hiding (January 2025). Another noted what its author says is "employer bullying," a more direct action as compared to those who feel their employers are not doing enough to protect them from their coworkers.
Payroll management is a crucial responsibility for any business. Paying workers on time is only one aspect of it. For companies of all sizes, adhering to labor rules, tax laws, and industry standards is a major challenge. There may be serious ramifications for breaking these regulatory requirements, such as heavy fines, penalties, and legal action. It might be difficult for companies with a large workforce to manually track and ensure compliance with these rules.
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.
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.
Weve watched the buzz around the “No Tax on Overtime Bill” grow louder in 2025. Its a topic that has HR professionals, payroll managers, and hourly workers leaning in close. After all, who wouldnt want a little extra cash from those late-night shifts without Uncle Sam taking a bite? The question on everyones mind is: When does the No Tax on Overtime Bill pass in 2025?
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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