Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!In this week's edition, we cover the ins and outs of leave management, updates to overtime regulations, the potentially darker side to AI in health care, and much more! Click To Tweet
How Close Are We To Mandated Paid Parental Leave?
The United States is the only developed country without mandated paid parental leave, but that could change soon. There are three bills involving paid leave currently in the House, but only one actually proposes offering paid leave in the typical definition; the other two involve pre-tax employee savings accounts or deducting money from Social Security to pay for the time off. Get the full snapshot from Employee Benefit News.
Many Large Companies are Outsourcing Leave Management
When it comes to paid leave programs, employers face a complicated patchwork of federal and lower-level legal provisions that can be difficult to keep up with.
A new white paper from the Disability Management Employer Coalition has found that employers need more training and help in responding to the challenges and opportunities that such leave programs present. Many employers are turning to software solutions to handle these complexities. Learn more from BenefitsPro.
Changes to Employee Overtime Rule Proposed
The U.S. Department of Labor has proposed changes to employee overtime pay exemptions, aiming to establish a new salary threshold for overtime exemption. The salary threshold would increase from $23,660 a year to $35,308 a year, expanding overtime eligibility to more than a million additional U.S. workers. The rule will take some time to finalize, possibly up to 10 months, but they’re aiming to have it ready to go by the first quarter of 2020. Learn more about the rule on HR Dive.
Warnings of a Dark Side to A.I. in Health Care
As AI technology starts to proliferate in the medical field, it’s time to consider the potential consequences, implications and weaknesses of such technology.
A new paper published in the journal Science explores the prospect of “adverserial attacks” – manipulations that can change the behavior of AI systems using tiny pieces of digital data. The concern is that doctors or hospitals could manipulate the AI in billing or insurance software in an effort to maximize the money coming their way. Read more from the New York Times.
The Cost of Ignoring Employee Mental Health
In a new report from the American Heart Association, they found that around 8,000 employees around the world die every year from medical conditions caused by high demands at work. The report recommends a comprehensive approach to supporting employee mental health in terms of general well-being as well as managing mental health disorders. Learn more about the link between physical and mental health on EBN.
The Difference Between Marketing and Communicating
When it comes to planning out an employee communications campaign, it’s smart for HR teams to take some strategies from the marketing world. But there are some key differences between the two, especially the fact that HR teams have the kind of data a marketer dreams of. With that data, they need to take communications a step further in terms of relevance, response rates, and impact. Find out why from BenefitsPro.
This Week At PlanSource: One Week Left to Save a Benjamin!
Space is filling up fast for Eclipse 2019, and this is the last week to save $100 on your registration with Early Bird pricing. After midnight on Sunday, March 31, registration will increase to $599.
PlanSource Acquired By Vista Equity Partners
We’re thrilled to announce that PlanSource is joining Vista Equity Partners (Vista), a leading investment firm focused on enterprise software, data and technology-enabled businesses. Our new partnership with Vista is a landmark moment that will accelerate our growth and provide a strong network of support to fulfill our mission of revolutionizing the way benefits are bought, sold and managed. It will allow us to move forward with the same mission, focus and leadership team – but with greater investment in the business and more tools and capabilities to help our customers and partners achieve their goals. You can learn more in today’s press release.
Thought Of The Week
Depression costs the U.S. economy $210 billion annually, and employers bear 50% of that cost. – Center for Workplace Mental Health, 2016
Investing in mental health benefits can help mitigate these costs.