News Brief: Report Finds Majority of Employees Prefer to Stay in Current Job
A new survey by Willis Towers Watson (WTW) found that 72% of employees are choosing to stay with their employers. This is in contrast to recent periods when the majority of workers were looking for new jobs, such as during the “Great Reshuffle” in 2022. WTW’s 2024 survey collected information from 10,000 U.S. employees working at medium and large private-sector companies.
“The war for talent is no longer just about pay; benefits matter, and the ability to choose those benefits is important for adapting to employees’ changing needs.”
-Cecile Chang, global growth leader of House & Benefits, WTW
Career Elevator: Time Management Tips to Boost Productivity (July)
Effective time management is crucial for enhancing productivity and achieving career success in today’s fast-paced work environment. As workers juggle multiple responsibilities and deadlines, mastering the art of managing time can transform their professional lives. However, staying on track and focused can be especially hard given daily distractions in workspaces.
Legal Update: Court Denies FMLA Leave for Unmarried Father Before Child’s Birth
The 11th Circuit Court of Appeals recently held in Tanner v. Stryker Corp. that an unmarried employee who traveled to be with his pregnant ex-girlfriend for the birth of their baby was not entitled to leave before the child’s birth under the federal Family and Medical Leave Act (FMLA). The 11th Circuit has jurisdiction over Alabama, Florida and Georgia, and its rulings must be followed by employers in those states.
News Brief: Inflation Cooled Further in June
The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) rose 3% year over year in June, declining from 3.3% in May. This is the first time since May 2020 that the monthly rate has shown a decrease.
“With another good CPI print under their belt, the window is open for the Federal Reserve to cut interest rates as early as September,and potentially again in December, assuming the inflation data continues to cooperate.”
-Skyler Weinand, chief investment officer, Regan Capital
Legal Update: Draft Forms for 2024 ACA Reporting Released
The Internal Revenue Service (IRS) has released draft 2024 forms for reporting under Internal Revenue Code Sections 6055 and 6056. Draft instructions for these forms have not yet been released.
- The 2024 draft Forms 1094-B and 1095-B are draft versions of forms that will be used by providers of minimum essential coverage—including self-insured plan sponsors that are not applicable large employers (ALEs)—to report under Section 6055.
- The 2024 draft Forms 1094-C and 1095-C are draft versions of forms that will be used by ALEs to report under Section 6056 as well as for combined Section 6055 and 6056 reporting by ALEs that sponsor self-insured plans.
No major changes were made to the draft forms for 2024 reporting. However,certain changes may be made once the forms and instructions are finalized.
Client and Employee Resources
The more your employees understand your benefit plans the more they become educated, empowered consumers. The programs you provide will also gain an enhanced value.
As your strategic partners in employee benefits, we can provide multiple avenues of ongoing support, including:
- Employee Meetings (English and Spanish)
- Webcasts
- Payroll Stuffers
- Poster Campaigns
- Newsletters
Carrier Directories
E-Verify is a web-based system that allows enrolled employers to confirm the eligibility of their employees to work in the United States. Click the image below to begin.
