HR Elements is brought to you courtesy of
Axial Benefits Group, LLC
Let us know how we can serve you. Call us at (781) 273-1425 or send us an email at shawna@axialbg.com.
In this November 2020 issue:
When Boundaries Collide: Holidays & COVID-19
The holidays are often associated with friends, family, and food. It is a great excuse to get folks together whom you may not have seen all year. Calendars resemble a bingo card as celebrations fill dates for weeks, if not months, in advance. Historically, the biggest obstacle you had to work around was poor weather or making sure the kids said thank you for gifts they receive. The hurdles around the holiday season are much bigger this year, a fact validated by the CDC dedicating a full page of resources to holiday celebration recommendations and safety tips.
HRIS Clean Up: Bad Data In, Bad Data Out
What would you say if I told you Human Resource Information Systems (HRIS) have been around since the 1980s? It’s true. The use of software to organize and store employee data gained popularity during the dot.com era and continued to grow as the role of human resources evolved – from that of an administrative function to a strategic partner with a seat at the table. Human Resources got the memo loud and clear…employee data is a powerful tool to make decisions! However, poor data management practices can put the validity of your employment and talent management data at risk. As the saying goes, “Bad data in, bad data out.” HR practitioners can take these practical steps to increase the quality of employment data whether using a flashy HRIS with a bunch of bells and whistles or a simple Excel spreadsheet.
In the latter half of this two-part series, we pick up on some additional reasons employers decide to halt performance reviews due to the coronavirus (COVID-19) pandemic and resulting workplace changes. As a recap, part one addressed waiting until things go back to “normal” and not wanting to give more bad news. While it may be tempting to skip reviews altogether, it is important to consider the message you are sending to your employees.
A health savings account (HSA) is an often-misunderstood savings vehicle that gets confused with a flexible spending account (FSA). Until you understand some of the benefits of an HSA, you too may overlook benefits including triple tax savings, investment options and portability.
December Employer Webinar
What Employers Need to Know About IRS Reporting in 2021
Tuesday, December 8, 2020
2:00 p.m. ET / 11:00 a.m. PT
The Patient Protection and Affordable Care Act's reporting requirements are rapidly approaching for employers with group health plans or with 50 or more full-time or full-time equivalent employees. This webinar will provide an overview of the reporting process, changes for 2021 reporting, what we learned from earlier rounds of reporting, and how employers should be tracking employees.
Axial Benefits Group (ABG) is a privately-held benefits consulting firm specializing in group purchasing coalitions, corporate health insurance, corporate 401(k) plans, executive benefits and executive wealth management.
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