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What Is a Health Savings Account?

Success

We all know we need to prepare for future healthcare costs, but learning how much to save can be difficult. Health savings accounts, or HSAs, are tax-advantaged savings opportunities for people with a high deductible health plan. You may want to create digital and paper files as backups if anything happens. HSA drawbacks.

Health 278
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Setting up employee personnel files is an important part of the recordkeeping process. However, sometimes people mistakenly think of these files as a catch-all for an individual’s paperwork. Rather, understand that general personnel files serve a distinct purpose. What to include in an employee’s personnel file.

Filing 121
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AI Will Shape the New Era of Employee Performance Metrics

Allwork

Innovation metrics focus on the generation of new ideas, patents filed, or novel solutions to problems — which are harder to quantify but are important for organizations driving for growth and adaptation. These could include statistics on morale, burnout rates, and utilization of mental health resources.

2024 317
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Do I Need to Buy Life Insurance?

Success

Keep reading to learn about the different types of life insurance policies, how to determine if you need to buy it, and how much your policy should be worth. Remember: The larger the policy amount or the longer you want the policy to be in effect, the more expensive the premiums. What is life insurance?

Policies 264
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Evaluating the Effectiveness of Hybrid Work Models and Office Reintegration

Allwork

It is essential to gather baseline quantitative and qualitative data for each metric, including employee surveys and focus group interviews, to inform decision-making before establishing a permanent hybrid work policy. Each of these metrics should be measured before establishing a permanent hybrid work policy, to get a baseline.

Policies 306
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

Filing 52
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

If you don’t have procedures in place, one approach to onboarding involves having the new hire document the procedures as they learn. This method serves a dual purpose: it ensures that your procedures are up-to-date and allows the new employee to reinforce their learning through the act of documentation.