Money Talk
MAY 9, 2024
I recently reviewed notes that I took at recent presentations about retirement. Below are seven recommendations that stood out to me and might be helpful to Money Talk blog readers: Define Your New Self - People may retire after decades of work, but they do not retire from life. To prepare for this transition, make a point to define yourself by who you are rather than what you do.
PayrollOrg
MAY 10, 2024
The IRS announced the 2025 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for high deductible health plans that must be used in conjunction with HSAs.
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Florida Workers' Comp
MAY 9, 2024
There are a great many judges in this world. The idea of a judicial system is reasonably universal, though the stature, dignity, and independence of those display some significant degrees of variety across the globe. In the United States, there are something more than 30,000 judges. In such a broad field of people, it is likely difficult (at best) to distinguish yourself.
Employee Benefits
MAY 9, 2024
Credit: Photofex_AUT / Shutterstock.com Pilots and technical crew employed by Bristow Helicopters are undertaking strike action this week in a dispute over pay and benefits. The search and rescue winch operators and paramedics, who are members of the British Airline Pilots’ Association (Balpa), began strike action on Tuesday. It will continue for the rest of the week.
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Workplace Insight
MAY 9, 2024
The digital edition of the new Works magazine is now available for you here. And it’s bigger, and dare we say better, than ever. In this issue: we look back on Milan Design Week and forward to Clerkenwell Design Week; there are no fewer than four projects highlighting the latest design trends and thinking; we present the award winners from the Sustainable Design Collective; explore how biophilia shouldn’t just be about a plant in the office and a picture of field on the wall; set out
Comp and Benefits Today brings together the best content for compensation and benefits professionals from the widest variety of industry thought leaders.
PayrollOrg
MAY 6, 2024
PAYO’s rebranded Bookshelf design updates are featured in the Tizra Upgrade Showcase. Tizra highlights the improved Bookshelf navigation and the “Latest News” section.
Pacific Prime
MAY 8, 2024
Home-based workers refer to employees who are allowed to work from home. Some examples of jobs that allow people to work from home include translators or graphic designers. While there are distractions, working from home allows greater schedule flexibility and saves transportation money. On the other hand, working from home also means there is potential.
Employee Benefits
MAY 10, 2024
Almost half (44%) of employees now prefer hybrid working arrangements over office-based and remote models, according to research by communications agency Marco. Its third annual Global Marco new consumer report , which was conducted in partnership with research technology organisation Cint, and surveyed more than 7,300 participants in Brazil, France, Germany, Italy, Mexico, Morocco, Portugal, South Africa, Spain, the UK and USA, also found that almost two-thirds (64%) of employees would work for
HR Digest
MAY 9, 2024
The Nike layoffs announcements from back in February will soon finish taking shape in June, as 740 employees from their World Headquarters in Oregon will be asked to leave. The company had announced a 2 percent reduction of the workforce, targeting a reduction of at least 1,600 employees over time. Nike’s layoffs within its workforce are part of a much larger cost-cutting strategy after their last annual report in December did not see profitable results to the degree the company had expected.
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Discover essential strategies for employers to balance cost optimization with care. The top priorities for employers in 2024 are retaining talent, growing revenue and sales, and attracting talent. To achieve these goals, employers are turning towards comprehensive total rewards strategies informed by data-driven insights. Hear from industry experts on cost optimization strategies and how to leverage these approaches for a healthier workforce.
APA Congress Today
MAY 6, 2024
The Dallas Chapter took top honors during the Chapter Exchange, sponsored by rapid!, held tonight at the 42nd Annual Payroll Congress, winning PayrollOrg’s Chapter of the Year for the third time since 2004 and the fourth time in its 34-year history.
PayrollOrg
MAY 3, 2024
Kansas is the fourth state to enact an earned wage access (EWA) law, following Missouri, Nevada, and Wisconsin. The new Kansas law requires EWA providers to be licensed in the state.
InterWest Insurance Services
MAY 7, 2024
The organization that helps set workers’ compensation rates in California will recommend that benchmark rates increase 0.9%, with effect from Sept. 1, 2024. While the recommendation is less than 1%, the Workers’ Compensation Insurance Rating Bureau noted that it was driven by increasing medical costs for injured workers and higher claims-adjusting costs for insurers.
Florida Workers' Comp
MAY 7, 2024
A curious instance of legal misfeasance occurred some time ago. It was brought to my attention just before it was referred to the authorities. The litigation had been ongoing for several years and late in 2022 a motion was made for appointment of an Expert Medical Advisor. About a month later, an EMA was appointed and trial was continued to accommodate the evaluation and testimony.
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There’s no way around it: sometimes employees need your help. Use this free template to clarify expectations, share resources, and set a timeline. Best case scenario, this process helps them improve. Worst case, your great recordkeeping keeps you compliant even if they move on. Download the template today!
Employee Benefit News
MAY 7, 2024
In addition to offering a better view of employees' health, valuable feedback can be gathered to measure the success of a company's mental health initiatives.
Patriot Software
MAY 8, 2024
Paying your employees on time is essential, especially because 62% of Americans live paycheck to paycheck. Plus, many state pay frequency requirements regulate when you pay employees. Understand payroll cutoffs to pay your team on time, every time. So, what is a “payroll cutoff?” What is a payroll cutoff?
PayrollOrg
MAY 7, 2024
The Board of Trustees of the Social Security Trust Fund projects the social security wage base will be $174,900 for 2025.
McDermott Will & Emery Employee Benefits
MAY 7, 2024
On April 1, 2024, the Centers for Medicare & Medicaid Services (CMS) released the Announcement of Calendar Year (CY) 2025 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies, otherwise known as the rate announcement. The rate announcement is released annually and includes updates to the methodologies used to calculate MA plan payments, […] The post 340B Remedy Rule and Medicare Advantage Rates: Navigating Shifting Payments appeared first on EMPLOYEE BENEFITS
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Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.
HR Lineup
MAY 9, 2024
In today’s rapidly evolving corporate landscape, the focus on employee experience has become paramount. As organizations strive to attract and retain top talent, they are increasingly recognizing the importance of fostering an environment where employees feel valued, engaged, and empowered. While various factors contribute to a positive employee experience , one key ingredient stands out: transparency.
Pacific Prime
MAY 7, 2024
Today, mental fitness in the workplace is just as important as physical fitness, and employers across all industries are encouraged to give mental fitness as much thought when designing an employee benefits plan for their employees. In the past, many organizations believed that employee benefits plans should focus on an employee’s physical health and fitness.
International Foundation of Employee Benefit Plans
MAY 8, 2024
Back in July of 2023, I wrote a blog on the Pregnant Workers Fairness Act and what plan sponsors needed to know at that time. I was pregnant while writing that first blog and curious not only how the law would impact […] The post Pregnant Workers Fairness Act: An Update appeared first on Word on Benefits.
PayrollOrg
MAY 3, 2024
In this May 2024 edition of Compliance TV: DOL finalizes salary thresholds for 'White Collar' Exemption; IRS data affirms payroll's vital role in nation's tax system; and more.
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Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.
Employee Benefit News
MAY 9, 2024
Long-time nurse Rachel Norton shares steps leadership can take to make sure RNs know they're appreciated.
HR Lineup
MAY 8, 2024
In the dynamic landscape of recruitment, where talent acquisition strategies are continuously evolving, building and maintaining a comprehensive candidate database is paramount for organizations to stay ahead. In 2024, with advancements in technology and shifting job market trends, the approach to managing candidate data has undergone significant transformations.
McDermott Will & Emery Employee Benefits
MAY 9, 2024
The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2024-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2025. All of the dollar limits currently in effect for 2024 will change for 2025, with the exception of one […] The post IRS Announces 2025 Limits for Health Savings Accounts, High-Deductible Health Plans and E
Employee Benefits
MAY 9, 2024
Of the 1.8 million employees who accessed healthcare services through health or protection insurance in 2022, 1.3 million (75%) relied on workplace-provided schemes to do so, according to research by the Association of British Insurers (ABI). Its Growing demand – increased use of health and protection services in 2022 report also found that almost 600,000 (87%) of the 700,000 people included in the research who used virtual GPs in 2022 did so through their employer’s scheme.
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Explore the latest insights from the American Cancer Society's “Cancer Statistics 2024” report, which unveils multiple alarming trends in cancer data. Cancer is on the rise among young adults, and diagnoses for 6 of the 10 most common cancers are escalating. With over 2 million new cancer cases projected in the U.S. this year, employers face increased challenges when it comes to supporting employees.
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