Employee Benefits

JANUARY 17, 2022

Three out of five (61.3%) UK professionals are unhappy with their current salary , according to a new survey. Despite many being unhappy, more than half (54.6%) stated they had never tried to negotiate for a higher salary. of UK staff are unhappy with their salary appeared first on Employee Benefits.

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Employee Benefits

DECEMBER 16, 2021

When a business considers offering a salary sacrifice scheme it is primarily promoted as a sweetener for employees, and the benefits for the employee are plentiful. A lot of this comes down to the culture of the organisation and how it is structured to reward and promote the most valuable employees.

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Employee Benefits

FEBRUARY 15, 2022

Average salary has soared by almost £1,500 in the last year, official data has revealed. Figures published by the Office for National Statistics (ONS) today included an estimate that median monthly pay across the UK was £2,050 in January 2022. This shortage of workers is pushing salaries up,” he said. “A This is up 6.3%

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Insperity

OCTOBER 10, 2023

In December 2022, the U.S. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 Act of 2022 says The implications of this law’s passage for your business How small and midsize businesses and their employees can both benefit Overview of the SECURE 2.0

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HR Digest

JUNE 24, 2022

According to the American Association of University Professors (AAUP), faculty salaries fell by nearly 5% in 2021-22 when wages were adjusted for inflation. The AAUP report highlighted the fact that faculty salaries fell by nearly 5% in 2021-22, as inflation soars to record highs. That’s the market comparison to make.”

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Bayzat

APRIL 5, 2024

Factors Contributing to the UAE’s Talent Shortage Despite its thriving economy, below are factors contributing to the scarcity of UAE talent in the workforce: Unexpected Salary Expectations The 2022 Hays GCC Salary Guide shows that 21% of employers in the UAE struggle with candidates’ unrealistic salary demands.

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Employee Benefits

MARCH 3, 2022

The Financial Conduct Authority (FCA) is to increase salaries and performance-related pay for its employees. Other salary increases and performance-related pay will result in an overall increase of around £5,500. Final bonuses of this kind will be paid to the highest-performing workers in April 2022.

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Employee Benefits

NOVEMBER 25, 2022

between 18 and 24 November 2022 were: Tesco launches salary advance scheme for staff. Compass Group rolls out salary advance scheme for employees. The post The top 10 most-read articles between 18 – 24 November 2022 appeared first on Employee Benefits. Virgin Money gives staff 10% pay rise.

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Employee Benefits

FEBRUARY 8, 2022

DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees. The lending and personal savings bank said the initiative, run in partnership with Octopus Electric Vehicles, will make owning a new electric car more affordable for employees.

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McDermott Will & Emery Employee Benefits

MAY 31, 2022

On January 15, 2022, the New York City Council enacted Local Law 32 of 2022 (Wage Transparency Law or Law) to amend the New York City Human Rights Law (NYCHRL) to require that most employers include compensation data in their job advertisements. The Law was supposed to take effect on May 15, 2022, however, it […].

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Health Consultants Group

OCTOBER 1, 2021

Reconsidering your employee benefits priorities. As your employees settle into their post-pandemic workflow, you’re probably noticing that they don’t want business-as-usual. After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Contact Us.

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HR Digest

FEBRUARY 10, 2023

When you’re starting a new job , it can be overwhelming to learn about all the benefits that are available to you. But the more you know about the types of employee benefits offered by your employer, the better equipped you’ll be to make informed decisions about health care, retirement plans, and other important financial matters.

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Employee Benefits

DECEMBER 2, 2022

between 25 November and 1 December 2022 were: Ikea gives staff 6% pay rise and enhances benefits. 47% of businesses plan bonuses for Christmas 2022. Forget Me Not introduces salary sacrifice pension scheme. The top 10 most-read articles on www.employeebenefits.co.uk Harrods security guards strike in pay dispute.

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Employee Benefits

JANUARY 10, 2022

In what may bring a sigh of relief, 2022 is not a year with new legal requirements incumbent on employers regarding pensions. This may lead to pressures to select a pension scheme and investment strategy aligned with employee expectations and corporate values. There will be a need to be maintaining ongoing AE duties.

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Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours. Benefits around wellbeing and flexibility remain top of the pile.”

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Employee Benefits

MAY 18, 2023

Demand for financial savings on day-to-day shopping and living expenses via employee perks and benefits continues to rise, new data analysis by provider HIVE360 has revealed. Discounts on mobile-based retail and day-to-day spending savings from the benefits app have also increased – up by six percent from March to April.

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Employee Benefits

FEBRUARY 9, 2022

Need to know: Environmental, social and governance (ESG) issues are influencing employee benefit design through the emergence of new benefits and the repositioning of existing ones to highlight their ESG-related characteristics. It’s no surprise, therefore, that ESG is also making an impact on the employee benefits offering.

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Employee Benefits

JUNE 20, 2023

Car salary sacrifice arrangements are popular with employees due to the low cost and access to low and zero-emission vehicles. The Covid-19 pandemic saw many employees work from home, resulting in the number of people commuting dropping dramatically. appeared first on Employee Benefits.

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McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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Employee Benefits

FEBRUARY 21, 2024

As of 6 January 2024, the cut means that all employees who currently pay NIC will benefit. The extent of the savings will depend on an employee’s salary , with annual savings of £457 for employees on average earnings of £35,400 and £754 for employees earning over £50,270 per annum. Is it all good news?

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Employee Benefits

JANUARY 22, 2024

With help from in-house focus groups that regularly evolve our environmental, social, and corporate governance (ESG), social and professional policies, at Atradius, we’re looking beyond traditional perks at how we can make daily life more rewarding, and ultimately, happier for our employees. appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 19, 2024

Jennifer Wall joined as a commercial associate solicitor in November 2020, was told that she was performing well at an appraisal in July 2021 and received a £10,000 pay rise, increasing her salary to £75,000. The post Tribunal rules former Gannons solicitor on maternity leave was unfairly dismissed appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 16, 2022

The move comes after the organisation awarded a previous £1,000 payment to staff in July, after announcing it in its trading update for the year ended 30 June 2022. The business also brought forward its annual salary review from 1 July to 1 April 2022, where it awarded a 5% increase to all eligible employees.

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Employee Benefits

APRIL 26, 2024

Backed by a £200 million investment over the next two years, it is being offered through the government’s levelling up premium doubling payment scheme introduced in 2022 to support schools in disadvantaged areas across the country.

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Employee Benefits

AUGUST 30, 2023

Those who participated in strike action from June 2022 onwards will not receive a performance-related payment this year. The deal saw an uplift on salaries of between 14.4% The post Network Rail withdraws annual bonuses for striking employees appeared first on Employee Benefits. for the lowest-paid grades to 9.2%

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Employee Benefits

AUGUST 15, 2023

increase from July 2022 and the highest rate since 2001, according to data from the Office for National Statistics (ONS). year-on-year increase from June 2022. Offering strong workplace benefits that genuinely help employees with their finances can make a huge difference to people’s lives, and how they feel about their employer too.

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Employee Benefits

SEPTEMBER 29, 2023

The report found that of the 450 employees eligible for the calculation, 277 (61.5%) were women and 173 (38.5%) were men. The organisation’s gender pay gap is much lower than the 5.45% 2022 mean gender pay gap according to the government’s November 2022 DIT gender pay gap report 2021 to 2022.

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Employee Benefits

JANUARY 16, 2023

Professional services firm Moore Kingston Smith looks to balance salary, recognition and benefits equally as part of its holistic approach to its people and their reward. Offering a competitive salary is important but it’s not enough, people have wide-ranging and sometimes complex needs.

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Employee Benefits

DECEMBER 9, 2022

The Department of Health in Northern Ireland has implemented pay awards for NHS staff for 2022-23, amounting to at least £1,400 per annum for those on banded salaries covered by the Agenda for Change. Salaried doctors and dentists, meanwhile, were awarded a 4.5%

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Employee Benefits

FEBRUARY 14, 2023

in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS). Businesses need to strike a careful balance between increasing salaries and profitability to ensure the business can weather the storm of potential economic challenges ahead.”

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Employee Benefits

DECEMBER 2, 2022

It has also proposed an uplift of the minimum salary from £20,500 to £22,000. This would be the second change to the minimum salary since April 2022, when it stood at £19,000. The post NatWest gives 59,000 employees cost-of living payment appeared first on Employee Benefits.

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Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Voluntary benefits such as bikes-for-work schemes have increased to 75% from 73% in 2022, while gym memberships rose to 45% from 34%.

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Employee Benefits

JANUARY 16, 2023

According to Wagestream’s The state of financial wellbeing: the cost of living report 2022 , published in July 2022, there has been an upswing in organisations adjusting their benefits budget to support broader financial wellbeing programmes as an additional way of helping their workforce, rising from 51% in 2021 to 93% in 2022.

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Employee Benefits

APRIL 3, 2023

Pension and group risk Trust-based defined contribution pension with 12% employer, 3% employee minimum contributions. Group income protection benefit that pays 75% up to state retirement age. Life assurance at 10-times salary. Healthcare and wellbeing Private medical insurance (PMI), subsidised for all employees.

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Employee Benefits

JANUARY 16, 2023

In 2022, London-based law firm Shoosmiths not only gave its employees a discretionary thank you payment equal to 3% of their salary in May, but also awarded them a £1,000 cost-of-living payment in September. We have a target to pay all employees 5% of their basic salary for the financial year in question.

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Employee Benefits

MARCH 27, 2023

Office for National Statistics (ONS) data, published in April 2022, Employee workplace pensions in the UK: 2021 provisional and 2020 final results , estimates that there were 20.8 For the 2022/23 tax year, employees will pay contributions on any earnings between £6,240 and £50,270. The income is taxable.

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Employee Benefits

JULY 21, 2023

analysed 59 roles held by different Barbie dolls against 2022 median full-time pay data from the UK Office for National Statistics and US Bureau of Labour Statistics, to calculate the earning disparity if Ken dolls were in the same job. The post Not so fantastic: 90% of Barbie doll jobs pay men more appeared first on Employee Benefits.

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