Thu.Sep 26, 2024

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6 types of business risks and how to plan for them

Embroker

In today’s dynamic corporate landscape, understanding and planning for various types of business risks is crucial for long-term success and sustainability. As a leader, you’re undoubtedly familiar with the old adage, “Hope for the best, but prepare for the worst.” This wisdom couldn’t be more relevant when it comes to managing business risks.

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What employers ask when considering outsourcing benefits admin

WEX Inc.

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience?

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Give what you’d like to get: The power of appreciation

HiBob

When you hear that September 26 is HR Appreciation Day, you might be excited and think, “Hooray, we are finally going to get some thanks for the long hours, tireless work, and invisible impact we make day in and day out.” Instead, I challenge you to think of this day as the launchpad for a new normal. Imagine a world where you and your colleagues regularly feel appreciated and share appreciation for others.

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You Asked, We Answered: Top Questions About Pay Transparency

MP Wired For HR

You Asked, We Answered: Top Questions About Pay Transparency September 26th, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn In today’s evolving employment landscape, pay transparency has become a hot topic, prompting many companies to rethink their compensation strategies. As more organizations aim to build fair and equitable workplaces, questions about how to handle pay ranges, salary scales, and transparency are increasingly common.

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How to Choose the Financial Wellness Benefit That’s Right for Your Company

Your employees are setting financial goals—help them reach them with a financial wellness benefit that actually works. With endless options on the market, how do you separate the fluff from the programs that drive real results? This guide cuts through the noise, helping you identify solutions that increase retention and actually improves your employee's financial wellbeing.

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Celebrating Human Resources (HR) Professionals Day!

HRWatchdog

Recruiter, psychologist, peacemaker, event planner, employee development, benefit expert, teacher, detective — these are just SOME of the many roles and responsibilities human resource (HR) professionals contribute to their organizations. And on September 26 , we celebrate and honor the important and vital contributions HR professionals bring to their organizations.

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Platform to help hiring managers wins Pitchfest at HR Tech 2024

HRExecutive

HireBrain , a platform designed to bridge the gap between hiring managers and recruiters, won the annual Pitchfest competition at the HR Tech conference in Las Vegas on Thursday. The startup took home $25,000 from Randstad. - Advertisement - FairNow , an AI governance tool, earned second place and $5,000 from Randstad. HireBrain focuses on improving hiring from the hiring manager’s perspective since most managers are never trained in hiring.

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How Empxtrack’s Customized Offboarding Solution Streamlines Employee Exit Process for a Global IT Company

Empxtrack

Industry Information Technology & Services Location North America, Europe, South East Asia, South America Employees 1k to 5K globally Key Outcomes » Customized employee exit process to address specific needs » Enhanced efficiency in employee exit management » Improved data accuracy and insights into trends » Strengthened compliance and accountability » Positive employee experience » Better employer branding Products Used HRIS , Payroll , Onboarding , Exit , Travel and Expense , and Promotion

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Skills: Putting this new currency of work into action

HRExecutive

In the four years since the start of the COVID-19 pandemic, the volatility in the global economy has increased 2.5 times more than it had in the previous three decades, according to the World Economic Forum. - Advertisement - Business leaders are contending with a “poly-crisis world”—a heightened risk environment, rising importance of sustainability, new ways of working—with the “ultimate kicker” being the acceleration and impact of generative AI, said Ravin Jesuthasan at the closing keynote add

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7 Best Practices for Relocating Healthcare Professionals

UrbanBound HR

Chances are, your relocation program is getting a workout these days. Due to the healthcare talent shortage, many hospital recruiters are casting a wider net, and it’s putting pressure on their relocation offerings. If you’re wondering if your relocation program is serving you well, here’s a good way to answer that question. Consider these seven best practices for relocating healthcare professionals.

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No Excuses: The Definitive Guide to Managing a Remote Team

Unlock the full potential of your remote team with Hubstaff’s Definitive Guide to Managing a Remote Team. Learn actionable strategies to build, lead, and optimize a high-performing distributed workforce. In it, you’ll learn: Proven strategies for hiring top remote talent and building a cohesive team Best practices for overcoming common remote work challenges, including communication and time management How to foster accountability and productivity with effective systems and tools Techniques for

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Gen AI is everywhere. But what about other HR challenges?

HRExecutive

At the start of a Wednesday presentation at the HR Tech Conference in Las Vegas by Forrester’s Betsy Summers and Katy Tynan, the presenters told attendees they were giving them a break from hearing about generative AI —to wide applause. - Advertisement - Gen AI has been a frequent topic at this week’s conference , and for good reason. However, the principal analysts at Forrester sought to redirect the conversation elsewhere: What else is HR thinking about?

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Top Virtual Incentives for Employees: Boost Morale and Productivity

Terryberry

Finding effective ways to keep remote employees motivated and engaged is essential. Virtual incentives for employees provide a variety of options to recognize and reward your team. Whether through digital gift cards, virtual awards, or online courses, these incentives boost morale and productivity. In this article, we’ll explore the best virtual incentives and how they benefit both your employees and your organization.

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The Ultimate Guide to Crafting Effective Position Descriptions

Hppy

Creating clear and effective position descriptions is vital for attracting the right talent and setting expectations within your organization. A well-crafted job description not only outlines the responsibilities and qualifications needed but also communicates your company’s culture and values. In this guide, we’ll walk you through the essential steps to write a position description that engage top candidates, provide clarity for employees, and support long-term success.

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Meet the future of global HR media and events: HR Executive and HR Tech

HRExecutive

Human Resource Executive ® , the premier global media company covering strategic HR issues since 1987, and its associated technology event, the HR Technology Conference & Exposition ® in Las Vegas, have rebranded to HR Executive and HR Tech , respectively, the Arc network announced today. - Advertisement - “For nearly 40 years, HR Executive has stood at the forefront of the human resources industry, addressing the advancements, challenges and evolution of the profession,” said Rebecca

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How to Fund a Financial Wellness Benefit Without Breaking Your Budget

Financial stress is draining your workforce, impacting productivity, retention, and engagement. A financial wellness benefit can be a game-changer—but how do companies fund it effectively? The truth is, you don’t need a massive new budget to make it happen. This guide explores how leading businesses are integrating financial wellness programs using existing benefits budgets, government incentives, and creative funding approaches that maximize impact without inflating costs.

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Coaching for Better Health: Innovative Approaches to Employee Well-Being in the Modern Workplace

Hppy

Working a job can be stressful. It’s draining and can even feel overwhelming as if there’s no way out. Let’s do something about that. Great employee experience is extremely important in the workplace. In terms of productivity, a satisfied worker is crucial, as the work is done efficiently. However, a stressful environment can often sap optimism out of an individual and make an already tough job even more unbearable.

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Southwest Airlines Announces Job and Service Cuts in Atlanta

HR Digest

Southwest Airlines has turned to flight cuts, and by extension, job cuts in Atlanta. Around 300 pilots and flight attendants are expected to be impacted by the Southwest Airlines reductions plans next year. The changes were announced in a company memo that was circulated to employees, coming a day before Southwest’s investor day where further discussions on their future strategy are expected to take place.

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The Link Between Purpose and Employee Engagement

Up Your Culture

Ever wondered why some employees bounce into work with the enthusiasm of a kid in a candy store while others drag their feet like they’re heading to the dentist? The pivotal factor might just be purpose. People need work that feels meaningful, and the sense of purpose they derive from their work is crucial to their engagement, productivity, and overall success.

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3 Strategies for More Inclusive Celebrations During Hispanic Heritage Month

Great Place to Work

The vast diversity found within the Latinx and Hispanic community requires a thoughtful approach from companies when celebrating their culture and contributions. When celebrating Hispanic Heritage Month, companies must consider the vibrant tapestry of diverse cultures, identities, and experiences that are found within the Latinx community. Growing up between two worlds has given me a unique perspective, bouncing back and forth between the rich Maya highlands in Guatemala and the San Francisco Ba

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BPO Playbook: 7 Moves for Global Expansion & Compliance Excellence

The BPO game has changed. This is your playbook to crush the competition and lead the charge. Scale smarter, secure compliance like a pro, and become the BPO partner clients can’t live without. Download this new playbook to learn 7 winning strategies to transform your BPO: Automation becomes the ultimate advantage Leveraging remote and hybrid work as strategic advantages Data privacy and compliance as the ultimate differentiators Going beyond vendor status to become an indispensable strategic al

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Essential Onboarding Documents for New Hires

HR Cloud

Employee onboarding can get quite overwhelming, and when it lacks organization and management, it can leave your new employee with a bad taste from the start. However, a good onboarding experience can do wonders for a company. Onboarding documents for new hires are crucial components of effective onboarding. These documents outline roles, responsibilities, and expectations and ensure compliance, reducing legal risks.

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Navigating the Digital Divide

Robin Schooling

I wonder how many times, during an ordinary day, I’m using a device or logging in to yet another site…without even thinking about it. Let’s take a quick inventory, shall we? As I’m writing this: Chrome (6 tabs) and Edge (7 tabs) are open Outlook and Teams are open and active 3 SharePoint files are open (in desktop version) Skype (yes… Skype!) is running silently in the background Zoom is open and at the ready Phone is propped next to me (and a text message just came in) TV in home office is stre

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Unveiling the Power of EVP Activation: Driving Business Success Through Talent Engagement

Blu Ivy Group

Welcome to the first installment of our blog series dedicated to unpacking the transformative impact Employee Value Proposition (EVP) Activation can have on an organization, its culture, and business performance. We’ll delve into EVP core concepts and why Activation matters to a thriving and engaged workplace culture that can attract today’s best talent.

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Measuring Success in Executive Coaching

Center for Coaching

Measuring Success in Executive Coaching Key performance indicators for leadership development The success of executive coaching can be measured through various key performance indicators (KPIs) that reflect leadership effectiveness and organizational impact. Common KPIs include: Improvement in leadership competency scores from 360-degree feedback. Employee engagement levels.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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How to Boost Employee Morale and Productivity in the Workplace

Empuls

Employee morale is more than just how happy workers are – it’s the overall feeling that drives their engagement, productivity, and satisfaction at work. High morale doesn’t just benefit employees; it also boosts the company’s bottom line.  Studies have shown that organizations with highly engaged employees outperform those without by up to 202%, and those with low morale tend to suffer from high turnover rates and decreased productivity.

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The Role of Talent Analytics in Talent Retention

Accendo Technologies

Written by Sheu Quen • 4 minute read • September 26, 2024 Are you losing your top talent, but you have no idea why? What if the answer lies in the data you’ve been ignoring? Our article dives into how talent analytics play a crucial role in improving talent retention strategies. It explores the current landscape of data analytics in HR, the common struggles organisations face when adopting these tools and provides actionable insights into how companies can effectively leverage data to boos

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Personalized Employee Benefits

GoCGO

In an era where customization is key, the ability to tailor benefits to meet individual employee needs is more important than ever. Personalization also plays a crucial role in supporting DEI initiatives. A diverse workforce has a wide range of needs—whether related to health, family, financial planning, or cultural factors. By offering benefits that cater to a variety of circumstances, businesses can create a more inclusive environment where all employees feel seen and supported.

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Extrinsic Motivation at Work: How Rewards Drive Workplace Success

Empuls

Motivating employees often requires more than just passion for the work itself. External rewards, or extrinsic motivation, have a key role in keeping employees driven. These motivators can be financial incentives like bonuses and raises or rewards such as recognition and promotions. In fact, research from Gallup highlights that nearly 85% of employees report feeling disengaged at work, often due to a lack of recognition or reward.

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The Workstyle Revolution: Debunking Myths & Unlocking Distributed Team Potential

The real problem isn’t where your team works—it’s how they work. Outdated strategies are killing productivity and innovation. If you’re still equating productivity with butts in seats, you’ve already lost. Check out this new research report from Hubstaff to learn: Survey data from 842 leaders and employees, plus anonymized workforce data from 185K workers Productivity metrics across remote, hybrid, and in-office teams, split between core, non-core, and unproductive work How top-performing teams

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Why HR Teams Switch to Flimp Decisions for Decision Support

Flimp Communications

It’s not easy being an HR professional these days. The cost of healthcare and employer-sponsored health plans are on the rise in 2024. According to some estimates, the year will see a nearly 9% increase in the cost of medical care benefits, and inflation alone is not to blame. Cutting-edge medical technologies and new medications (such as Ozempic) are among the factors driving up costs.

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Managing conflict in a divided workplace? Try this sample script

Business Management Daily

By Paul Falcone Have you ever heard of the STEEP framework? Social scientists, economists and others use it to understand the large-scale drivers from which trends are born. STEEP stands for social, technological, economic, environmental and political. It applies well to the many challenges employers and workers face today. Managing conflict in the workplace nowadays comes from several STEEP sources, especially the political category, and it’s no wonder.

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HR Business Partner Model

AIHR

What is the HR Business Partner model? The HR Business Partner model is a framework for organizing a company’s HR function so that it can deliver strategic business value. The HRBP model was first introduced in 1996 by Dave Ulrich and is, therefore, also referred to as the Ulrich (HR) model. The basic principles of the model are as follows: HR departments take on more strategic roles HR professionals are closer to the business Improving the effectiveness of HR through centers of excellence