Stance Capital’s Post

How could a Voluntary Plan offer employees superior benefits, lower contributions, streamlined claims, and payments—without any out-of-pocket costs to their employer? Read the case study to find out how one Larkin client was able to do all that and more: https://lnkd.in/etZV85aN #LeaveManagement #CaseStudy #VoluntaryPlan #Benefits

Interested in employment law trends, and want to know what's going on? Then scan the horizon with our latest edition of 'On Your Radar'. You’ll find updates from 35 countries on key issues like new hiring rules, AI in the workplace, and mental health mandates. https://lnkd.in/dCEHWD65 Many, many thanks to Alison Woods and Valerie Dougan for putting On Your Radar together, once again, and to all CMS teams who contributed chapters. And, as always: If you need tailored advice, reach out to our CMS Employment & Pensions Team. #cmslaw #cmsemploymentlaw #employmentlaw #onyourradar

Catch up on the last month's main employment law activities with our Employment Bulletin. In this month's edition: ✍️ Key employment and immigration law update: This month we cover the Employment Rights Bill, new obligations to prevent workplace harassment, and important updates on UK visa application disruptions: https://loom.ly/Wpj7IDI 📄 Employment judgments: We break down three recent tribunal decisions, covering maternity leave protections in redundancy situations, harassment based on appearance and sex, and the need for disability adjustments in the workplace: https://loom.ly/xoyWk34 🔎 Pensions update: In this edition, we have the latest news on the TPR’s new ESG resources, PASA’s pension data toolkit, and the launch of the UK’s first Collective Defined Contribution scheme by Royal Mail: https://loom.ly/rpuqoGg 💼 Is time up for the self-employed adviser? Partner Claire Holland reviews the risks for businesses relying on self-employed contracts: https://loom.ly/nDlV-Vs

Get up to speed on the Employment Rights Bill and new employer obligations with our monthly bulletin

📃 The Social Compensation and Benefits (SCB) at CCR Re: transparency and simplicity! 📢 Since 2020, we introduced the Social Compensation and Benefits for our employees. This personalized report provides a summary view of all the social compensation and benefits they have received throughout the year. 🤝 Transparency towards our employees and the clarity of these information are at the heart of our concerns. #Transparency #CCRRe #Bilansocialindividuel #BSI

On Your Radar | Employment law quarterly horizon scanner   Explore crucial global employment trends in the latest edition of ‘On Your Radar’ from April 2024: https://lnkd.in/dauG6XF3 You’ll find updates from 35 countries on key issues like new hiring rules, AI in the workplace, and mental health mandates. ‘On Your Radar’ will help you stay informed with insights that could shape your organisation’s future.   If you need tailored advice, reach out to our CMS Employment & Pensions Team. This practical resource was put together by Alison Woods and Valerie Dougan. Thanks to all CMS teams who contributed chapters!   #employmentlaw #cmslaw #CMSemployment #HR #horizonscanner

🚨 EPFO Amnesty Scheme: A Game-Changer for Employers and Employees 🚨 The Employees' Provident Fund Organisation (EPFO) has rolled out a significant amnesty scheme to simplify compliance and boost employee benefits. This move is a win-win for both employers and employees, fostering transparency and trust in workplace practices. 🔑 Key Highlights: ✔ Voluntary Disclosure: Employers can rectify past non-compliance without penalties via a simple online declaration. ✔ Revised Interest Policy: Interest will now be paid up to the date of settlement, addressing a major grievance and preventing financial loss. ✔ Higher Returns: Green light for investments in PSU-backed InvITs and REITs, promising better returns for members. 💡 Why HR Professionals Should Care: •Compliance Made Easy: Encourages accountability without penalizing employers. •Improved Employee Benefits: Timely settlements and fair interest payouts enhance workplace trust. •Stronger Culture: Aligns compliance with employee-centric practices, reinforcing organizational integrity. This reform is more than just compliance—it's a step toward creating workplaces that prioritize fairness and transparency. What’s your take on this reform? Let’s discuss in the comments! #HRInsights #EPFO #EmployeeBenefits #ComplianceMatters

Employees enroll in voluntary benefits for pretty much the same reasons they buy any product: the cost is reasonable, and it meets their needs.

Super Best Practice   From an employer and remuneration benefit point of view, what is the best way of managing employee super? Few employers pay that much attention to super as a remuneration benefit. Everyone is somewhat surprised at the current overall size of the accumulated pool of individual super assets. The question is, should that pool be 25% more than it is? My answer is yes. If better managed, it could have been.    Based upon the government’s approach in regulating super, their direction appears to be towards standardising the offering through the MySuper investment default, but also managing the asset so more of it is invested in Australia in what the politicians call “nation-building projects”. Every political party has said that super is a national asset, as well as being personal. It is not hard to surmise that the asset in the MySuper investment default will eventually be in the Future Fund.   What is best practice for the nation’s super asset? The controlling powers seem to be examining the possibilities for utilising the asset from their perspective and (consequently) have already reduced some functionality in some products. How far is one step too far?   Got questions?   Phone: 1800 111 299 Email: consulting@axisfg.com.au   Web: www.axisfg.com.au   #superannuation #employeebenefits #hr #remunerationbenefits #employeeengagement 

Major U.S. asset managers are not meeting labor rights expectations in their #ESG commitments, prompting calls for increased transparency and action from workers. #BlackRock #Fidelity By Gabriela Calugay-Casuga