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Paid Leave is Picking Up Steam

Paid Leave is Picking Up Steam

Though not required by law, an increasing number of U.S. employers are starting to take matters into their own hands when it comes to paid parental leave benefits. In December, Fortune reported that American Express joined the ranks of U.S. companies like Google and Bank of America that are sweetening their parental leave and benefits policies. Amex will give employees 20 weeks of parental leave and offer benefits worth up to $35,000 for adoption and surrogacy events, as well as $35,000 for infertility treatment. If your company is planning to create or update a paid parental leave program there are several factors to consider. Sushma Tripathi, vice president of workforce planning and benefits consulting at ADP says it’s important to align talent to the corporate strategy, then align benefits. This way, businesses will see better financial performance. To read more about Tripathi’s insights on the topic, check out this article in Talent Economy, “10 Steps To Create a Paid Parental Leave Policy”. Share this:Click to email (Opens in new...

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Smallbizdaily features ADP Advice in Entrepreneur Tips List

Smallbizdaily features ADP Advice in Entrepreneur Tips List

Smallbizdaily has published an article by ADP SME Brian Michaud titled “4 – Making Expert Benefits Decisions, Even When You Aren’t a Benefits Expert,” which provides tips to small business owners on how to make difficult decisions in a complex benefits landscape. The article is part of a compilation of articles titled “11 Things Entrepreneurs Need to Know.” “As the war for talent rages on, it’s getting tougher and more expensive to attract high-quality job candidates… as small businesses look for ways to set themselves apart and appeal to the most sought-after prospects, offering a robust benefits package is emerging as a differentiator. A competitive benefits package could be the valued asset that tips the scales for a desired candidate.” Check it out on Smallbizdaily! Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Share on Facebook (Opens in new...

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More Brokers Consider Partnering with PEOs

More Brokers Consider Partnering with PEOs

As trusted advisors on “all things HCM,” the best benefits brokers are having proactive conversations with their clients and prospects about business strategies to manage their needs around talent, compensation and benefits, and risk and compliance — and that includes professional employer organziations (PEOs). There’s been a big shift recently in brokers’ willingness to partner with PEOs, driven mainly by two factors: Companies are looking to their brokers to support the entire human capital experience, especially around talent, and it’s difficult for brokers to build this support model internally. The Affordable Care Act (ACA) has driven more small and midsized businesses to look at PEOs as a good option to help manage health care costs and compliance In an article titled, “Brokers and professional employer organizations: a perfect pairing,” Courtney Simpkiss, ADP Vice President of Broker Channel Strategy shares her insights on this growing trends. Head toBenefitsPro to read the full story. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to...

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Benefits Brokers, Rejoice! Now You Can Help Ease Clients’ Open Enrollment Stress with ADP Workforce Now Partner Access

Benefits Brokers, Rejoice! Now You Can Help Ease Clients’ Open Enrollment Stress with ADP Workforce Now Partner Access

When open enrollment season’s in full swing, HR leaders are often stretched thin, juggling their daily tasks with additional benefits administration work. Now, brokers can help clients tackle open enrollment challenges with ADP Workforce Now Partner Access. This new ADP® portal helps brokers streamline open enrollment and benefits administration by providing quick and secure access to clients’ HR, payroll and benefits information in ADP Workforce Now, an integrated HCM platform for midsized employers. With their clients’ permission, brokers can easily set up and deploy benefits plans, look up employees’ eligibility and enrollment information, gather data to derive business insights, and run reports across different clients to study industry trends. “Before Partner Access, we had to set up benefits plans individually for each client, creating duplicate manual work and increasing the chance of errors,” said John Spooner, senior vice president of sales at Brown & Brown. “Now, with a single sign-on, we can easily pull census data, verify enrollments, manage benefit plans and run reports across multiple client accounts. It’s...

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Are Your Employees In(Form)ed about Annual Reporting?

Are Your Employees In(Form)ed about Annual Reporting?

By Mary Schafer Help Quell Calls and Confusion with Effective Communications Under the Affordable Care Act (ACA), Applicable Large Employers (ALEs) with 50 or more full-time, including full-time equivalent employees, are subject to the employer shared responsibility provision and related IRS reporting requirements. This includes filing Forms 1094-C and 1095-C with the IRS, and sending the Form 1095-C to their employees, to report information about the health insurance coverage offered under their employer-sponsored plans for the 2016 tax year annual reporting. So, as a large employer, you’ve likely made it through your first year of annual health care reporting and are starting the process all over again. Since this is only the second year your full-time employees will receive a Form 1095-C, a communications plan is key to your success. At a recent ADP webinar, when asked if they felt their company was ready to issue Forms1095-C to their employees by January 31, 2017, only 7-9% of respondents felt they were extremely prepared. While recently the IRS extended the...

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