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HSAs vs. FSAs: Difference and Details

money bag and stethoscope - health savings account

The IRS offers several programs designed to give individuals tax advantages to offset health care costs including health savings accounts (HSAs) and health flexible spending arrangements (FSAs).

“Both a healthcare flexible spending account and a health savings account can cut your taxes and help you save money on medical, dental, vision and other qualified medical expenses. And while they are alike in some ways, each offers different features and benefits,” writes Kemberley Washington in Forbes Advisor.

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Create Streamlined & Consistent Offboarding Tailored for Your Business

Young Businessman leaving his job with a box of things from his office

Most of today’s workforce are too young to remember early 1960s teen heartthrob Neil Sedaka, but they likely know that his signature song “Breaking Up is Hard to Do” continues to ring true in any decade.

Sedaka’s sad song may be at the top of some Spotify playlists as big-name employers are “breaking up” with employees during a wave of mass layoffs centered around the tech industry in the U.S.

“Tech jobs feel like they're vanishing quicker than steam from a pot of boiling water lately,” reported USA Today.

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Massive Tech Layoff: Will it Shake up the U.S. Job Market?

upset lady sitting down next to her box of office materials after being laid off

The massive tech worker layoff, which started in 2022 and has extended into 2023, has led to more than 200,000 employees being let go and has many examining its effect on the U.S. job market.

“More than 66,000 workers in U.S.-based tech companies have been laid off in mass job cuts so far in 2023, according to a Crunchbase News tally, and the year is just getting started,” reported Keerthi Vedantam for CrunchBase. “Last year, more than 140,000 jobs were slashed from public and private tech companies as they were forced to confront rising inflation and a tumultuous stock market.”

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Creating Culture in a Hybrid Work Environment

Man behind a laptop in home office

The pandemic’s effect on the workplace is a bit like having driven off a cliff – no matter how much we want to turn around or go back to the way things were before, it simply isn’t possible, especially when it comes to company culture in a hybrid work environment.

“Some leaders are thinking about what new culture and a new way of working might look like, and how to perpetuate a culture in a primarily hybrid world,” says Bryan Hancock, the global leader of McKinsey’s talent work.

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10 Important Things That You Need on Your 2023 HR Compliance Checklist

Checklist

HR compliance checklists come in all shapes and sizes with the spectrum covering an alphabet soup of acronyms from COBRA to FMLA to ADA to FLSA.

The Society for Human Resource Management offers its members a whopping 39 compliance checklists that fall among 13 different categories.

“Ensuring your company is compliant with tax and labor laws helps create a safe and secure workplace for employees, provide fair compensation and ensure your company keeps up with its tax obligations.

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Future of Leadership: Human Leadership and Why It’s Important

team of successful business people having a meeting in executive sunlit office

Artificial Intelligence and the future of work is a hot topic, but when it comes to the future of leadership, automation and machines take a backseat to something much less esoteric: “human leadership.”

Gartner HR Research identified human leadership as the next evolution of leadership in a study released in June 2022.

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