Employee Benefits

FEBRUARY 12, 2024

The report which surveyed 2,006 employers in January 2024, found that the median expected basic pay increase in the private sector has fallen from 5% to 4% since the last quarter, while pay expectations in the public sector have fallen further from 5% to 3% which could lead to difficulties attracting and retaining public sector staff. “To

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HR Digest

AUGUST 3, 2023

The survey also revealed that 22% of companies intended to cut the amount dedicated to salary increases in 2024, a significant jump from the previous year. The Crystal Ball Prediction: Average Salary Increases in 2024 So, what can workers expect in terms of salary increases in 2024? A ray of hope for workers, right?

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HR Lineup

FEBRUARY 5, 2024

Any business requires the best payroll software 2024 to manage its employees’ payroll. The software should be very effective to manage taxes and employee benefits. It should also ensure that employees receive accurate information concerning their wages/salaries or any other deductions.

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Employee Benefits

MAY 13, 2024

Employers should communicate with employees to understand what they need from a flexible benefits package. Benefits that are offered as part of a flex scheme need to add value. As employees’ needs can change throughout the year, more frequent benefits enrolment windows can provide greater flexibility and choice.

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Empuls

FEBRUARY 26, 2024

  Workplace dynamics are constantly evolving, the year 2024 promises a revolutionary shift in how organizations approach employee experience. From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.

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Employee Benefits

JANUARY 16, 2024

Our research – hot off the press – of 1002 full-time UK employees found that nearly half are likely to actively search for a new job opportunity in 2024. Read on to discover which age range plan to spread their wings, and the steps you can take to reduce employee turnover and retain your talent. 28.45% were aged 55+.

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Employee Benefits

APRIL 5, 2024

Energy technology firm Baker Hughes and airline operator EasyJet have been shortlisted in the Best benefits communications – large employer category at the Employee Benefits Awards 2024. Successful entrants will have demonstrated an effective and innovative approach to benefits communications.

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Employee Benefit News

FEBRUARY 13, 2024

With innovative offerings and consistent education, employer benefits packages better meet the needs of all involved.

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HR Professionals Magazine

JANUARY 3, 2024

By reviewing employee selections, you can compare the cost effectiveness of certain plan options and re-forecast how they will affect the benefits budget in 2024. By employing a forward-looking approach you’ll be sure to keep your benefits package relevant and attractive in a competitive job market.

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Employee Benefits

FEBRUARY 12, 2024

Just one in five (20%) working parents receive some kind of parenting support as part of their benefits package, according to research by REC Parenting. Just over a quarter (28%) of younger parents aged 34 and under who have very young children said they have dedicated parental benefits, compared to 16% of those aged 35 and over.

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PeopleKeep

AUGUST 18, 2023

If you’re an employer with a limited budget, you may find it hard to offer employee benefits. But a quality and personalized benefits package is necessary for your organization to be competitive.

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Employee Benefits

FEBRUARY 26, 2024

High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Are you at high risk of high employee turnover? We interviewed over 1,000 UK employees and found that almost half would be looking for a new role in 2024.

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Employee Benefits

JANUARY 10, 2024

Credit: Ned Snowman / Shutterstock.com Mitsubishi UFJ Financial Group (MUFG) has enhanced its benefits for its working parents and those with caring responsibilities in the UK to drive diversity and inclusion within the organisation. One session is equal to one day at nursery and up to five hours of in-home adult care.

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Employee Benefits

JANUARY 12, 2024

So, according to these, what does 2024 have in store for HR, reward and benefits professionals? Updating benefits packages: There are also myriad opinions around the type of benefits packages employers will offer over the coming year. appeared first on Employee Benefits.

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Employee Benefits

MARCH 8, 2024

According to IWG’s 2024 report Advancing equality: women in the hybrid workplace , two-thirds of respondents said hybrid working has opened up opportunities at work that they would not have had otherwise, while more than half (53%) said the flexibility of hybrid working had enabled them to pursue promotions or apply for more senior roles.

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InterWest Insurance Services

JANUARY 12, 2024

Some 15% of the businesses surveyed were considering adding this type of offering in 2024 or 2025, the professional services company found. Typically, these apps are provided as a voluntary or wellness benefit. Examples Recently Amazon announced that as part of its employee benefits package it would offer the therapist-like app Twill.

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Employee Benefits

OCTOBER 10, 2023

In addition, minimum starting pay for this group of employees will further increase to between £12.30 and £13 per hour depending on location as of April 2024. The post Amazon increases UK minimum starting pay appeared first on Employee Benefits. and £12.50 per hour, depending on location.

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Insperity

OCTOBER 10, 2023

Starting in 2024, employees’ annual contribution limits to some SIMPLE 401(k)s or IRAs will rise. Act also allows employers to offer many optional financial benefits to their employees. Also beginning in 2024, employers who do not currently offer a retirement plan may initiate a “starter 401(k) plan.” The SECURE 2.0

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Employee Benefits

APRIL 17, 2024

Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. Read on to explore the employee benefits that can help alleviate financial pressures during the cost-of-living crisis, enhancing mental health or wealth.

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Employee Benefits

FEBRUARY 20, 2024

Beyond these smaller steps, more and more organisations are making the decision to offer fitness memberships as part of their employee benefits packages, to enable their staff to stay fit outside of work. The post How to boost productivity in the workplace with employee fitness benefits appeared first on Employee Benefits.

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HR Professionals Magazine

FEBRUARY 3, 2024

By Chuck Stinson The McGriff Retirement Benefit Survey, a follow-up to our 2023 National Benefit Trend Survey, provides a comprehensive view of retirement plan trends across a diverse landscape of industries and company sizes.

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HR Digest

AUGUST 24, 2022

Employers experienced the smallest healthcare costs increase in decades during the COVID-19 pandemic as individuals deferred care or relied on telehealth, but now the United States will likely see more than a 5% increase in health benefits costs this year. Retain Talent with a Rich Pharmacy Benefits Package.

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Higginbotham

JANUARY 12, 2024

Health accounts can provide advantages to both the employer and the employee, including the following: Flexibility: It’s hard to find employee benefits that fit everyone’s needs. This can reduce the income taxes that employees owe. While employers are not required to offer HSAs, FSAs or HRAs, many choose to do so.

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Winston Benefits

JANUARY 16, 2018

And competition will only grow; according to the Bureau of Labor Statistics , employment in engineering is expected to grow 4 percent between 2014 and 2024, with higher growth rates in biomedical, environmental and civil engineering. Other firms may offer defined benefit packages as well, regardless of collective bargaining status.

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Employee Benefits

MAY 6, 2024

Credit: Achira22/Shutterstock What are off-the-shelf voluntary benefits packages? Voluntary benefits are additional benefits that employers can offer to their employees alongside their salary. They can then use that information to improve their benefits offering in the future.

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Employee Benefits

JANUARY 12, 2024

We surveyed over 1,000 UK employees to discover how many would seek a new role in 2024. We discuss the results in our blog – Retaining skills & reducing employee turnover in 2024 & beyond! Embed them into your employee benefits package and use them to enhance a culture of wellbeing.

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Employee Benefits

DECEMBER 14, 2022

In terms of pensions, employers will be looking at how to position them to staff without a disposable income and how they can use their budget to support staff with retirement benefits if they cannot put it towards pay.”. appeared first on Employee Benefits. The post What will the top reward trends be in 2023?

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HR Digest

FEBRUARY 4, 2022

According to the Bureau of Labor Statistics , employment opportunities for HR managers are expected to increase by 17% between 2014 and 2024. When you interview for entry-level human resources jobs , ask about the company’s history, employee benefits package , and salary structure. Ask for advice .

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