HR Digest

JANUARY 14, 2023

It’s no news that the business world will experience changes in management in 2023. While many changes are likely to be incremental, there are a few trends that will have a large impact on HR in 2023 and the years to come. This article outlines some of the changes HR should consider in 2023 and what each of them is all about.

Management 135

Management Work From Home Salary Benefits Package 135

HR Digest

DECEMBER 27, 2023

Many new employment laws in 2023 have been introduced to reshape the regulations that oversee the safety of US citizens, and companies that want to avoid any complications in the future should ensure they update their regulations and policies to match them as well. According to Bloomberg Law, the FTC will vote on the rule in April 2024.

Employment 105

Employment Commissions Government Salary 105

Money Talk

JULY 13, 2023

Below is a brief summary of a few key retirement savings provisions from about 100 changes contained in this legislation: RMD Changes- Effective January 1, 2023, the starting age for required minimum distributions (RMDs) for people born from 1951 to 1959 is now 73 instead of 72 and the starting age for those born in 1960 or later is now 75.

401(k) 130

401(k) Retirement Plan Taxes Salary 130

Employee Benefits

FEBRUARY 22, 2023

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

Salary 98

Salary Taxes Insurance Government 98

Employee Benefits

FEBRUARY 28, 2024

Organisations are more likely to publish information on salary ranges than specific salaries, according to research by professional body the Chartered Institute of Personnel and Development (CIPD). Eight in 10 (80%) increased employees’ base pay in the year to October 2023.

Salary 59

Salary Pension Employment Recruitment 59

Employee Benefits

SEPTEMBER 12, 2023

Annual pay growth , excluding bonuses, from May to July 2023 was 7.8%, according to data from the Office for National Statistics (ONS). Annual growth in employees’ average total pay including bonuses was 8.5%, due to NHS and Civil Service one-off payments made in June and July 2023. appeared first on Employee Benefits.

Bonuses 116

Bonuses Banking Salary Recruitment 116

Vantage Circle

JUNE 9, 2023

To bring in the best talent, you need to be offering the most competitive salaries, and that is what is going to change the end game. What is Salary Benchmarking? What is Salary Benchmarking? Salary benchmarking involves matching or exceeding the ‘benchmark’ salary levels across your industry.

Salary 98

Salary Media Payroll Hospitality 98

Employee Benefits

DECEMBER 5, 2023

Learnd has introduced an electric vehicle (EV) salary sacrifice scheme for 200 eligible employees. Learnd staff can view a wide choice of EV options to cater for a range of budgets, including the Tesla Long Range Model Y and Model 3, and also have the ability to compare personal leasing costs with salary sacrifice though a dedicated portal.

Salary 59

Salary Health Taxes Employee Benefits 59

Employee Benefits

AUGUST 2, 2023

Transparency around pay levels and salary capabilities helps to avoid frustration and misunderstandings and instead provide clarity and reassurance. Remember that salary and compensation are only part of the total reward picture. It is this trust and shared insight that will ultimately help manage employees’ expectations around pay.”

Salary 98

Salary Management Education Finance 98

Employee Benefits

JUNE 30, 2023

Salary budgets for UK employees are expected to decline in 2024 after peaking this year, according to research by Willis Towers Watson. The global advisory, broking and solutions firm’s latest Salary budget planning survey found that UK employers are budgeting an average increase of 4.4% increase in 2023 and the average 4.3%

Salary 69

Salary Workplace Flexibility Bonuses Employee Benefits 69

Employee Benefits

AUGUST 11, 2023

between 3 – 9 August were: Bunzl, Ocado and Rolls Royce among top UK firms for retention 51% of staff would sacrifice benefits to work from home Anchor receives menopause-friendly accreditation Shoosmiths enhances family-friendly policies How can pay transparency manage employees’ expectations around salary?

Work From Home 98

Work From Home Salary Employee Benefits Management 98

Employee Benefits

MARCH 23, 2023

The question is, what can businesses, in particular HR and Reward teams, do to thrive in 2023? Inflation, cost of living, and static salaries mean employees’ financial health cannot be overlooked this year. We have something to give across every single one of 2023’s employee benefit trends. ** Find out more about nudge.

Employee Benefits 98

Employee Benefits Salary Healthcare Education 98

Employee Benefits

OCTOBER 12, 2023

Alcohol brand Jägermeister, travel firm Virgin Atlantic and Zopa Bank have been named as some of the UK’s Top 100 Most Loved Workplaces 2023. With above average salaries and benefits , employees said they are empowered to succeed by leadership that responds to their needs.

Banking 102

Banking Health Salary Employee Benefits 102

HR Digest

MARCH 17, 2023

According to recent data from Indeed, salary transparency has more than doubled in the past three years. In February 2020, only 18% of job listings included employer-provided salary information. Fast forward to February 2023, and that number has skyrocketed to 44%. Why post salary information on job listings?

Salary 69

Salary Employment Engineering Banking 69

Employee Benefits

JANUARY 17, 2023

Food and drink manufacturer PepsiCo UK and pharmaceutical firm Pfizer UK have made the Top UK Employers list for 2023. According to the institute, Mitie’s entry stood out with the introduction of benefits available for all 68,000 colleagues, including 24/7 access to a virtual GP service, life assurance, and salary advance. Alphabet GB.

Employment 110

Employment Pharmaceutical Manufacturing Food 110

HR Digest

OCTOBER 9, 2023

Mercer released its Mercer QuickPulse US Compensation Planning Survey of August 2023, and details of the compensation increase next year are now available. percent raise in 2023. percent number in 2023. percent salary raises many employees saw this year, but an increase will only be apparent as the year progresses.

Pay Raise 52

Pay Raise Salary Manufacturing Healthcare 52

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.”

Salary 95

Salary Education Human Resources Food 95

Employee Benefits

NOVEMBER 29, 2022

The majority (75%) of HR professionals stated that mental health and wellbeing would be the most important area in which to provide support to staff in 2023, according to research by WorkNest. ” The post 75% of HR professionals see mental wellbeing as key focus for 2023 appeared first on Employee Benefits.

Recruitment 111

Recruitment Salary Technology Employee Benefits 111

Best Money Moves

JANUARY 10, 2023

Financial Stress in 2023: 3 Problems Facing Your Workforce. 2023 is shaping up to be a tough financial year. With a recession looming in 2023, helping employees bolster their financial health should be at the top of every employer’s to-do list. Here are the top 3 financial issues facing your workforce in 2023.

Finance 104

Finance Utilities Salary Education 104

Employee Benefits

DECEMBER 7, 2022

London-headquartered Zopa Bank has raised the minimum salary for its more than 600-strong workforce by more than 20% as a response to the cost-of-living crisis. The bank raised its base salary to a minimum of £27,000, 25% above the London living wage.

Banking 59

Banking Salary Health Insurance Bonuses 59

Employee Benefits

DECEMBER 28, 2022

A higher salary or shorter commute will always exist somewhere else, but there are many other things you can do to minimise the flight risk of your staff next year and beyond. . The post How to poach-proof your team in 2023 appeared first on Employee Benefits.

Salary 98

Salary Employee Benefits 98

McDermott Will & Emery Employee Benefits

OCTOBER 27, 2022

California companies with more than 15 California-based employees will have to disclose hourly or annual salary ranges for all job postings by January 1, 2023. The post Companies with 15 or More California-based Employees Must Start Disclosing Salary Ranges in All Job Postings appeared first on EMPLOYEE BENEFITS BLOG.

Salary 76

Salary Employee Benefits Human Resources Employment 76

Employee Benefits

OCTOBER 20, 2023

between 13 – 19 October 2023 were: Tribunal rules Starling Bank must pay £1.1m pay rise The post The top 10 most-read articles between 13 – 19 October 2023 appeared first on Employee Benefits. between 13 – 19 October 2023 were: Tribunal rules Starling Bank must pay £1.1m

Banking 59

Banking Manufacturing Salary Employee Benefits 59

Employee Benefits

DECEMBER 8, 2022

International recruitment firm STR Group has given its workforce a pay rise worth 5%, an investment of more than £250,000, as of 1 January 2023. The post STR Group rewards staff with 5% salary increase appeared first on Employee Benefits. STR truly does invest in its people, and actions like this go a long way.

Salary 59

Salary Commissions Bonuses Consulting 59

Employee Benefits

NOVEMBER 9, 2023

Credit: Sundry Photography / Shutterstock.com Amazon, Barclays and BT have been named among the most sought-after workplaces in 2023. In order to establish the rankings, BusinessNameGenerator.com took a seed list of more than 40 jobs in demand in 2023 from Glassdoor, LinkedIn and Edmissions. Amazon 2 = Barclays 2 = BT 4. Accenture 5.

Engineering 64

Engineering Retail Banking Finance 64

Employee Benefits

NOVEMBER 27, 2023

Tech firms Apple and Microsoft, and HR, payroll and workforce management solutions provider UKG have been named as some of the World’s Best Companies of 2023 by Time magazine. Surveys were conducted in 58 countries, with data collected from approximately 150,000 participants on image, atmosphere, working conditions, salary and equality.

Manufacturing 59

Manufacturing Health Healthcare Medical 59

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. Other salary increases and performance-related pay will result in an overall increase of around £5,500.

Salary 59

Salary Bonuses Pension Consulting 59

Employee Benefits

JUNE 30, 2023

between 29 June 2023 were: Medtronic accredited as menopause-friendly employer Allianz introduces electric vehicle salary sacrifice scheme Who will win at the Employee Benefits Awards 2023? Exclusive: GI Group wins Grand Prix at Employee Benefits Awards 2023 TotalEnergies staff accept 15.5%

Bonuses 59

Bonuses Salary Employee Benefits Employment 59

HR Lineup

MARCH 9, 2023

Here are ten recruiting hacks to help you find the best job candidates in 2023. Top 10 Recruitment Hacks to Hire the Best Talent in 2023 1. Offer Competitive Salaries and Benefits Offering competitive salaries and benefits is essential to attracting top talent.

Recruitment 89

Recruitment Media Retirement Plan Salary 89

Griffin Benefits

JANUARY 20, 2023

As such, savvy HR leaders and professionals will approach 2023 with human-centric strategies that holistically support and benefit workers. Today we'll highlight six HR trends to follow in 2023. However, salary budgets for American employees are projected to increase in 2023. The labor market also continues to evolve.

Salary 71

Salary Education Employee Retention Payroll 71

InterWest Insurance Services

DECEMBER 14, 2022

As 2023 draws near, so does a slew of new laws and regulations that will affect California businesses. Note: The law defines “pay scale” as the salary or hourly wage range that the employer “reasonably expects” to pay for the position. 1, 2023, does not cover first responders and health care workers.

Paid Sick Leave 86

Paid Sick Leave Construction Salary Employment 86

Employee Benefits

MARCH 3, 2023

Online retail giant Amazon has received certification as a top employer in Europe for 2023, for its dedication to creating a better work environment through HR policies and people practices. The post Amazon receives top employer certification for 2023 appeared first on Employee Benefits.

Employment 59

Employment Retail Salary Employee Benefits 59

Achievers

MAY 10, 2024

Tangible rewards are most common in the form of financial incentives, such as salary or bonuses, while recognition, praise, and promotion are examples of intangible rewards. 2023 research from McKinsey shows that manager-employee relationships account for 86 percent of employees’ job satisfaction.

Salary 153

Salary Bonuses Employee Loyalty Employee Retention 153

Benefit Resource Inc.

JANUARY 3, 2023

If you’re in the 70% of people who have health-related goals for 2023, let’s take a look at how pre-tax benefits can help set goals and prioritize your health this year and beyond. As we begin 2023 fresh with optimism for achieving our goals — make sure you set yourself up for success by utilizing pre-tax benefits.

Utilities 98

Utilities Taxes Flexible Spending Account Flexible Spending 98

Workplace Insight

FEBRUARY 7, 2024

The CFO’s Playbook for 2024, which polled over +500 UK financial decision makers, found that almost 50 percent of UK businesses believe 2024 will be “easier” than 2023 (vs. As such, with a waning concern around inflation – a 20 percent decrease since 2023 – businesses are targeting more ambitious goals.

Finance 52

Finance Salary Management IT 52

HR Digest

JULY 19, 2022

A tight labor market is set to benefit employees in 2023. According to the latest Salary Budget Planning Report by consulting firm Willis Towers Watson (WTW), companies are planning record pay rises for the next year. What is the average salary increase for 2022? in June 2022, much higher than the Dow Jones estimate of 8.8%.

Employment 52

Employment Salary Consulting Banking 52

Employee Benefits

JANUARY 17, 2023

With increasing costs continually putting pressure on household finances, 2023 is set to be a financially challenging year for many. To help, WEALTH at work, a leading financial wellbeing and retirement specialist, shares its money management tips to help employees budget, save and stay on top of their finances throughout 2023.

Finance 98

Finance Pension Banking Retail 98