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The loosening of the labor market led to a reduction in “nice to have” (as opposed to core) benefits like concierge services, online fitness, or access to personal-interest (as opposed to work-related) conferences and/or seminars.

Future of Work Hybrid job roles, digital transformation, and entrepreneurial consumer-driven product creation with a healthy amount of collaborative partnering and outsourcing all will be a part of the new, self-service gig economy.

Leisure and hospitality employers added back 112,000 jobs to build on a jump of 179,000 from February, with more job growth seen in food services and drinking venues at 61,000, and accommodation at 25,000.

From a broader HR perspective, ChatGPT could reasonably generate job descriptions, standard operating procedures, organizational communications and training materials and provide customer service support.

., allowing those still employed and enrolled in Medicare Part A to continue to make contributions to their account);; ;Making changes to contribution limits and introducing new spousal contribution and catch-up rules;; ;Allowing HSA account holders to use more healthcare services and providers; and,; ;Making additional expenses (e.g., fitness facility membership fees) eligible for HSA reimbursement.;; ;FSAs, since the final tax law omitted provisions that would have allowed individuals to: ;Roll over amounts from health FSAs or health reimbursement arrangements (HRAs) into an HSA, even for those newly enrolled in a high-deductible health plan (HDHP); and,; ;Be HSA-eligible even if their spouse was enrolled in a general-purpose health FSA.;; ;ICHRAs, which were based on regulatory guidance.

IRS Raises Health Insurance ‘Pay or Play’ Penalties The Internal Revenue Service (IRS) announced Tuesday, July 22, it will increase by 15.2% two factors used to formulate employers’ health-benefits-related “pay or play” penalties.

The DOL, primarily through its Employee Benefits Security Administration (EBSA), along with the Pension Benefit Guaranty Corporation (PBGC) and the Internal Revenue Service (IRS) enforce the provisions within ERISA.

It also sets forth the standards of service that fiduciaries must provide.

.; ;Mental health benefits — paid days off, services covered under your health plan, and access to mental health professionals.; ;Professional development opportunities .; ;Bringing in career coaches or other professionals to train workers and leaders on the signs of burnout and stress.; ;Educating employees on effectively bringing up their concerns about their workload or burnout — and training managers and leaders on how to respond.; Preserving Time Away from the Office Work-life balance is inextricably entangled with the amount of time spent at work — and, by extension, the amount of time workers have away from it.

To mitigate the expense of recruiting and training new workers while also ensuring continuity of services, organizations can take steps to support employees.