Employee Benefits

MARCH 1, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

Retirement Plan 52

Retirement Plan Pension Salary Payroll 52

Employee Benefits

DECEMBER 20, 2023

It is important that those retiring in 2024 understand their options, make informed decisions, and avoid making mistakes with their hard-earned savings. To help, WEALTH at work, has created a list of top tips for employees who are thinking about retiring in 2024. Track down all pensions There are 2.8

Pension 52

Pension Taxes Retirement Plan Education 52

Employee Benefits

JANUARY 24, 2024

And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies. It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. It is still very niche. Mainstream pay preference This could change.

Global Payroll 105

Global Payroll Employment Taxes Pension 105

Employee Benefits

APRIL 22, 2024

Employers should ask employees about their financial pressures to understand how to support them. A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag. In order to combat this, how can employers help manage employees’ financial pressures ? This could add further strain to employees.

Employment 59

Employment Taxes Finance Net Pay 59

Employee Benefits

MARCH 6, 2024

However, employer support is often focused on mothers, with less consideration given to the fact fathers are suffering too. Time off after a bereavement is not specifically catered for in law, but most employers do offer compassionate leave, although some only pay the statutory amount. The best employers are one step ahead of the law.

Family and Medical Leave Act 59

Family and Medical Leave Act Employment IT Pension 59

Employee Benefits

JUNE 29, 2023

In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%. In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%.

Pension 59

Pension Salary Engineering Bonuses 59

Employee Benefits

NOVEMBER 22, 2023

Class 1 national insurance contributions (NICs) will be cut to 10% from 6 January 2024. According to the government, which announced the move in the Autumn Statement, this means the average worker earning £35,400 will receive a tax cut in 2024-25 of more than £450. From next year, employees will pay 10% and 2% respectively.

Insurance 59

Insurance Pension Taxes Salary 59

Employee Benefits

SEPTEMBER 29, 2023

The factory line workers, quality controllers, store workers and cleaners will receive a 10% increase backdated to 1 April 2023 and an additional 5.25% increase from 1 April 2024. I congratulate everyone involved for their hard work and for standing up to their employer in demanding a fair pay rise.”

Pension 59

Pension Manufacturing Salary Food 59

Employee Benefits

JANUARY 31, 2024

To support employees with their financial wellbeing, employers should review the benefits they already offer and check whether staff know how they can help. Financial wellbeing support can be tailored to match an employer’s budget and employees’ needs. For example, does the expenses policy require staff to wait six weeks to be paid?

Pension 64

Pension Finance Education Taxes 64

cipHR

NOVEMBER 13, 2023

Our head of talent offers her expert tips for better hiring in 2024 If you’re a head of HR or head of talent in a growing UK organisation, you probably don’t need us to spell out the scale of the recruitment challenges that lie ahead for 2024. Whether internal or external, recruitment challenges are never-ending for UK HR teams.

Recruitment 52

Recruitment Media Software Salary 52

Employee Benefits

MARCH 7, 2024

The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5% This will include the impact of the 10% national living wage increase and enhancement of its pension benefits, with staff now able to access up to 6% employer contributions.

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 59

Employee Benefits

MAY 20, 2024

But, while the old paternalistic approach may be on its way out, employers must still be aware of their responsibilities when providing benefits. They expect their employer to provide them with a benefits package that meets their needs.” Employers need to cater for all these differences.”

Employee Benefits 64

Employee Benefits Benefits Package Voluntary Benefits Pension 64

Employee Benefits

JANUARY 12, 2024

Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks. This time away will be unpaid, but staff will receive a bonus worth 25% of their salary when they return.

Consulting 59

Consulting Parental Leave Pension Finance 59

Employee Benefits

OCTOBER 10, 2023

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has announced that it will increase its minimum salary for frontline operations employees as part of a £170 million investment as of 15 October. and £13 per hour depending on location as of April 2024. and £12.50 per hour, depending on location. and £12.50

Retail 59

Retail Pension Benefits Package Comprehensive Benefits 59

Employee Benefits

JANUARY 17, 2024

million lost working hours (Money & Pensions Service). To be impactful and benefit the employer and employee, your offering must truly enhance employee financial wellbeing. Still, education only goes so far, and your employees’ monthly salary has a limit. Financial resilience matters!

Education 105

Education Deductions Deductible Salary 105

Employee Benefits

DECEMBER 14, 2022

The cost-of-living crisis and looming recession has led to a stronger focus on support which will follow into the new year, with some employers looking at cost-effective options. Organisations are showing increasing support for diverse family models, and employers are more likely to provide benefits to parents these days than in the past.

Pension 64

Pension Parental Leave Healthcare Government 64