From the Winter 2014 issue of CeridianVoice.

News Briefs: Winter 2014

Companies see value in promoting EAPs to improve mental well-being

Treatment of mental and/or substance abuse disorders now falls under essential health benefits under the Affordable Care Act. This comes at an important time as mental illness and substance abuse is estimated to cost employees $100 billion in indirect costs alone. Benefits decision-makers are finding employee assistance programs (EAPs) can help make a real difference in improving their workforce’s mental well-being. Read more at Employee Benefit News.

Chief Human Resources Officers gaining leadership importance in the C-Suite

Over the past 15 years, the role of chief HR officer (CHRO) has gained growing importance at the executive level. Findings by executive recruiting firm Korn Ferry found that except for the COO, the executive traits that were most similar to those of the CEO was the CHRO, particularly given their leadership style, emotional competency and ability to handle ambiguity, pressure and risk. Read more at the Harvard Business Review.

Do workers crave more flexibility or a higher salary?

A recent survey from Citigroup and LinkedIn found that 64 percent of respondents would rather have more flexibility at work than a 10 percent raise. Once the raise reaches 20 percent, 47 percent would still choose more flexibility versus 53 percent who would choose the money. The survey results suggest that workplace flexibility continues to be an important component of employee’s happiness and engagement, regardless of gender. Read more at The Wall Street Journal.

IRS provides rules on hardship exemptions from ACA individual mandate

The Internal Revenue Service has issued Notice 2014-76 that provides a list of the hardship exemptions that taxpayers can claim on a federal income tax return without obtaining a hardship exemption certification from the health insurance marketplace.