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What Is a Health Savings Account?

Success

Health savings accounts, or HSAs, are tax-advantaged savings opportunities for people with a high deductible health plan. On this week’s episode of the rich & REGULAR podcast, Julien discusses his decision to have a vasectomy, and shares some more information on health savings accounts. What is an HSA? HSA drawbacks.

Health 237
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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 315
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It’s time to review (or create) your document retention policy

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Businesses and nonprofits of all sizes should possess a written-out document retention policy. Such action raises concern about cover-ups.

Policies 105
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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. You can choose the amount of money your life insurance policy is for and how long you want the policy to be in effect, either for a few years or decades or as a permanent policy.

Policies 226
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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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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 304