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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

In the ExtensisHR 2024 Trends Report, review the top 10 latest industry developments and the steps your business can take to succeed, straight from our internal thought leaders. Get Full Report Today’s workforce demands, technological advancements, and shifting demographics are causing the human resources (HR) industry to transform rapidly.

HR Trends 101
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The Complexity of Compensation and Benefits in Modern Workplaces

EmployeeConnect

In the modern workplace, where attracting and retaining top talent is paramount, the realm of compensation and benefits management stands as a crucial pillar of employee management strategies. This involves analysing salary surveys, consulting with compensation experts, and benchmarking against peer organisations.

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Retirement plan communication: Reach them where they are

HRExecutive

Retirement benefits, along with medical benefits , are rated as important considerations when candidates are evaluating a new job offer. Only 27% of employees surveyed said they definitely feel confident that they’ll save enough to cover their expenses in retirement. Advertisement - The second approach is direct listening.

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How Voluntary Benefits Can Help with Retirement Planning

Extensis

Though 401(k)s are still a large piece of the retirement planning puzzle, raising awareness about voluntary benefits has become just as essential to boost savings confidence and employee satisfaction. Employees are evaluating how they’ll be able to afford to maintain their health and well-being into their retirement years.

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How Retirement Benefits Can Boost Employee Retention for Small Businesses

Hppy

Optimal compensation, a healthy work-life balance, and a positive company culture are a few evident moves to win the retention game. But you can think outside the box and use retirement planning to make people stick. Additionally, 27% of retirees reported spending more than what they can comfortably afford.

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Conference Board Announces CEOs Plan to Increase Wages by a Minimum of 3%

HR Digest

Nonetheless, there are still calls for higher compensation — hourly earnings after adjusting for inflation have only gone up 1.1% In an earnings call on Tuesday, UPS CFO Brian Newman reported that the company decreased compensation and benefits by $205 million in the second quarter by eliminating 2,500 managerial positions annually.

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The complete year-end payroll checklist for small businesses

Homebase

Form W-2 : Used to report wages and withholdings to the IRS. . 1099-NEC : Reports wages for independent contractors. You must report any non-employee wages over $600. . Form 1096 : Used to submit information returns reporting nonemployee compensation to the IRS. Run year-end payroll reports.

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