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IRS raises HSA limit for 2024 with record increase

HRExecutive

With inflation sitting at lofty levels post-pandemic, the Internal Revenue Service is raising the annual contribution limit for Health Savings Accounts by more than 7%, marking a record increase. - Advertisement - “The IRS has made inflation adjustments to the HSA since 2004. The HSA adjustments for individuals jumped 7.8%

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Financial Literacy: The Missing Piece in Your Employee Benefits Puzzle

Payactiv

Financial literacy is the path to establishing long-term, sustainable financial wellness. Employers can empower people to achieve financial wellness by augmenting their employee benefit programs with accessible educational and financial resources. Are Financial Worries Keeping Your Employees Up at Night?

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National Employee Benefits Day 2024: Which Benefits Foster Belonging?

Extensis

National Employee Benefits Day , created in 2004 by the International Foundation of Employee Benefit Plans (IFEBP), aims to highlight the importance of employee benefits. 94% offer a retirement savings plan to their employees, and 84% provide a matching contribution. 62% of organizations allow staff to work remotely at least sometimes.

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From Financial Literacy to Financial Capability Month: Understanding the Shift

EverFi - HR

Let’s look at how evolving the month’s purpose toward developing financial capability actually serves consumers better. What is financial capability? This shift is important, because the world has changed since the first Financial Literacy Month designation in 2004. What is National Financial Capability Month?

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5 Culture Trends for 2019

As we approach 2019, major shifts in the work environment will continue to affect the ways companies do business. Companies that are looking to attract, engage, and retain top talent should leverage these trends to create workplaces where employees thrive.

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5 Ways SMBs Can Celebrate National Employee Benefits Day

Extensis

National Employee Benefits Day , created in 2004 by the International Foundation of Employee Benefit Plans, aims to highlight the importance of employee benefits. Well-being : Comprehensive wellness, including mental, physical, and financial health, helps employees be their best selves at work and home.

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Putting Mental Well-being in a Better Place

HRExecutive

The figure shared at this week’s IBI Forum in San Francisco is pretty jarring: Mental-health conditions are costing employers more than $80 billion in medical expenses and productivity losses per year. When it comes to thinking about mental health and well-being, organizations are woefully behind,” Purdy said. Mental wellness?