Employee experience – including employee mental health – has become a higher priority for many organizations, according to research by Gartner. The Great Resignation that was triggered by the pandemic resulted in companies competing to deliver a best-in-class employee experience to retain their talent. Meanwhile, the ongoing cost of living crisis has increased employee burnout […]
We know you’re tired of hearing about the pandemic, but this is pretty big. The Biden administration recently announced that the COVID-19 public health emergency and national emergency will officially end May 11, 2023. Because this will affect your company’s group health benefits plan, here’s what experts are recommending: Ensure you have records that demonstrate […]
If your company’s employees are like most, they’d score a big fat F on a financial literacy test. Every year, the Teachers Insurance and Annuity Association of America (TIAA) and the Global Financial Literacy Excellence Center (GFLEC) quiz working adults on their knowledge of investment choices, saving money, insurance options, the stock market and so […]
Earned wage access, also known as on-demand pay, is being leveraged by your peers as a key recruitment and retention tool for workers who may be strapped for cash right now because of the high prices of gas, energy bills and groceries. In a Zoom interview, Scot Parnell, CFO of DailyPay, estimated that 37% of […]
Although Congress isn’t famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of the Consolidated Appropriations Act of 2023) to get it signed into law. The intent is to make it more attractive for employers to offer retirement plans and potentially improve retirement outcomes for employees. In […]
Now that you have a feel for what positions at your firm should be hybrid, you might be considering giving employees the ultimate work schedule flexibility – the ability to autonomously choose the days and hours that they work. Many of your peers have discovered that it’s an easy fringe benefit to add, and that […]
There’s no need to panic if you or one of your staffers discover they’ve made mistakes with your company’s 401(k) plan. No one is going to jail, and in almost every case you won’t be paying a penalty, so long as you take steps to rectify the error promptly and correctly. The IRS’ Employee Plans Compliance […]
As the calendar flips to 2023, it’s crucial for your Finance team to be aware of the tax changes going into effect and for you to take steps to ensure compliance. In the ResourcefulFinancePro webinar “Tax Changes Finance Pros Need to Know Going into 2023, Pamela Fagan-Shull, president of Audit Business Services Inc., highlighted seven […]
More than half of employees say they’d like to receive a financial reward of some kind as the Christmas and New Year’s holidays near. The reality is, many won’t be seeing a bonus of any kind as employers tighten their belts and layoffs loom on the horizon. Challenger, Gray & Christmas surveys businesses every year […]
