From the June 2014 issue of CeridianVoice.

June News Briefs

Survey finds that employees’ financial problems affect work

A 2014 survey by the Society for Human Resource Management (SHRM) found that money worries have become a significant distraction for employees during work hours, which in turn affects productivity. The survey found that seven out of 10 HR professionals said that financial challenges have an impact on employee performance, and more than 40 percent said employees’ personal financial challenges are having a workplace impact. McGraw-Hill Federal Credit Union CEO Shawn Gilfedder said offering financial wellness programs can help address these problems. Read more at Consumeraffairs.com.

ACA nondiscrimination rules for wellness programs continue to challenge employers

Wellness incentive spending continues to be on the rise with employers planning to spend an average of $594 per employee on wellness-based incentives this year (up 15 percent from 2013). Many employers and consultants, however, are still unclear how wellness program regulations have changed under the Affordable Care Act (ACA). Garrett Fenton, a member at law firm Miller & Chevalier, says wellness programs are so complex partly because they touch so many different aspects of employment law. Learn more about wellness incentives under new ACA regulations at EBN.

7 things to know about “The Next Big Benefit Change”

“Reference pricing,” or setting a cap to mark the maximum amount insurers or employers will pay for a specific treatment may be one approach employers may take to shift more costs to workers. The Obama administration published a document, “Frequently Asked Questions about Affordable Care Act Implementation,” in which they outlined how employers may use reference pricing in designing health plan benefits. Read all 7 things you need to know in Kaiser Health News.

FLSA lawsuits on the rise

The number of wage and hour lawsuits filed under the Fair Labor Standards Act (FLSA) has increased for the seventh year in a row, according to data from the Federal Judicial Center obtained by the law firm Seyfarth Shaw LLP. Experts at the firm believe outdated statutes, ill-defined terms, state laws, large payouts and public awareness are among the factors driving the increase in lawsuits. Read more at HRMorning.com.

7 HR metrics Chief HR Officers really care about

Chief HR Officers report on certain key performance indicators (KPIs) to drive value for HR in the C-suite and improve the bottom line. These seven metrics enable HR executives to evaluate the health of HR and the talent acquisition process: time to fill; cost per hire vs. cost per vacancy; satisfaction rating; new growth vs. attrition rates; quality of hires; sourcing; and effectiveness ratio. Read more at TLNT.