Parents often buy life insurance for themselves to help safeguard the futures of their children. But, should they also buy life insurance for their kids? Although the idea of life insurance for children may sound unusual, it can serve some practical purposes and offer long-term benefits. Learn more about the different types of child life insurance policies and the pros and cons of each.
Medicare Part D Disclosures Due by Feb. 29, 2024 for Calendar Year Plans Each year, group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) indicating whether the plan’s
Most employees hate traditional annual performance reviews. According to the Harvard Business Review, 66 percent of employees surveyed were strongly dissatisfied with their last review, and 65 percent felt that employee performance evaluations were not relevant to their jobs. It’s
Technology has transformed many of the traditional elements of human resource practices, but none more so than the processes required for effective recruiting, including job posting, searching, screening, interviewing, candidate selection and new hire onboarding. These innovations are revolutionizing the business of talent acquisition, adding new tools to help organizations make the right hiring decisions while streamlining the recruitment process and enhancing overall efficiency.
As we step into 2024, the landscape of cyber threats continues to evolve with unprecedented complexity and audacity. Insights from a recent Forbes article reveal a world where cybercrime costs are projected to soar to $10.5 trillion annually by 2025,
Employees are the key to your organization\’s success. Recognizing their efforts through well-designed reward programs isn\’t just a nice gesture – it\’s a smart way to keep your team motivated and your organization thriving. When employees feel valued for their hard work, it\’s a win for them and a win for the business.
The work from home (WFH) practice continues to be driven by the combination of improved remote work technology, the spur of the pandemic and a tight labor market that has compelled employers to accommodate candidates who prefer remote work. As businesses adapt to this new normal, HR professionals are faced with a unique challenge: how to foster remote employee engagement in a virtual work environment. Building a sense of community and connection among remote employees requires innovative strategies and a keen understanding of the changing dynamics of remote work.
Upcoming ACA Reporting Deadlines Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. For the 2023 calendar year, covered employers must: Furnish statements
Whether for a wedding reception, corporate event or music festival, even with meticulous planning for your special event, things can go wrong. This could include potentially serious mishaps like property damage or injuries to guests or vendors. In these situations, lawsuits may follow, but event liability insurance can provide important protection against the many potential losses that could occur during special events.
In the rapidly evolving modern workplace, the demand for flexible work arrangements has become a prominent feature of both employee expectations and employer tools for strategic workforce management. As businesses navigate the delicate balance between attracting top talent and maintaining organizational productivity, human resources professionals are at the crest of this wave of change, and HR teams must work with business owners to maximize the value of flexible work for both the employer and employee.
Accounts designed to cover health care costs can help both workers and employers manage their expenses. When considering the three main types of health accounts (HRAs, HSAs and FSAs), it\’s important to understand their respective pros and cons.
A dishonest employee has the potential to wreak havoc on your business. To shield your company from financial losses, you may want to secure insurance coverage or a fidelity bond. While these two options sound somewhat similar, there are significant differences between a fidelity bond vs. a crime policy.
As Gen Z has begun to make their mark in the workforce, understanding this digitally savvy, diverse and socially conscious group has become a priority for many companies. Their unique perspectives and values are not only influencing the future of work but are also paving the way for fresh conversations and new values in the workplace. But, what does it take to engage, attract and retain this valuable talent pool?
Lifelong learning has always been a solid investment, but the ability to adapt and evolve has become imperative for individuals and organizations in today\’s business environment. The world of work is undergoing a rapid and profound transformation, with emerging technologies, automation, machine learning and global trends reshaping the skills required to remain relevant. As a result, the concept of lifelong learning is gaining new prominence as businesses prioritize upskilling and reskilling initiatives for a future-proof workforce.
Finding high performers can be challenging, but social media can make it easier. With social networking recruiting best practices, you can find and connect with numerous job candidates, increasing your chances of finding the perfect match for your open position.
With unemployment holding steady at well below the long-term average, competition for top talent remains intense. To continue recruiting and retaining the best people in this labor market, businesses must prioritize employee well-being and job satisfaction. Learn more about the current state of employee benefits and how your organization can become more competitive while embracing the needs and expectations of today\’s workforce.
Auto insurance fraud is a widespread problem that can raise your premiums, leave you on the hook for damages and potentially even land you in legal trouble. To avoid these consequences, learning how to avoid auto insurance fraud is important.
Reminder – Plans Must Submit Gag Clause Attestations by Dec. 31, 2023 This is a reminder related to the information we sent in August. On Feb. 23, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments)
As electric vehicles continue to surge in popularity, the need for comprehensive and cost-efficient electric car insurance has never been more important, but understanding the nuances of insuring an electric vehicle can be difficult. Learn about EV coverage options, factors affecting insurance costs and tips for saving on your electric car insurance.
With low unemployment and increasing competition, today\’s smartest companies stay ahead of their competition by deploying a secret weapon: the extraordinary power of recognizing employees for good work. Learn why employee recognition programs are growing in popularity due to their proven ability to boost morale, increase employee engagement and reduce turnover rates.
As rising health care costs and inflation place pressure on both corporate and personal budgets, employers and workers alike are looking for ways to save money without sacrificing quality employee benefits. A Premium Only Plan, also known as a POP plan, is an option that may offer significant tax savings for all involved parties.
The role of human resources professionals in crisis management planning has evolved from a purely administrative function to a strategic and indispensable component of an organization’s resilience and ability to recover. HR professionals play a vital role in strategic workforce
Business owners and human resources professionals know that the battle for technical and market supremacy often comes down to one critical factor – competition for top talent. The best people can be counted on to build the best teams and deliver the best results, but hiring the best talent is only the first step. A seamless transition from new employees to great hires depends on the art of employee onboarding.
Employee engagement is the key to maximizing workforce potential, and in most organizations, the resident experts on engagement are the human resources professionals. Learn how the HR team has evolved from recruiter, paymaster and benefits administrator to an essential strategic partner of senior management with a critical role in the organization’s success.