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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

The TRS outlines what employee benefits have been on offer for the past 12 months. We offer targeted information through different communication formats, such as TV display screens around our offices and depots with rolling information about what’s going on in the organisation and awareness days, and highlight benefits related to that.

Retail 105
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Majestic increases wages and updates pay structure

Employee Benefits

Credit: William Barton / Shutterstock.com Specialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 Store staff received an average salary increase of 6.7% Those on lower salaries were awarded larger increases in pay, with eligible staff earning £30,000 or less benefitting the most.

Retail 59
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Kinleigh Folkard and Hayward gives staff one-off cost-of-living payment

Employee Benefits

We wanted to recognise their hard work and commitment, and we hope this payment will provide some assistance. “I I was extremely proud we were able to retain our workforce on their full salaries when the property market shut down during the pandemic, and I am proud we are in a position to support our people through another difficult period.”

Bonuses 59
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The role of compensation and benefits in retaining employees

Hppy

Compensation and benefits play a crucial role in attracting and retaining employees. A competitive salary and benefits package can be a deciding factor for job candidates when choosing between job offers, and can also be used as a retention tool to keep current employees satisfied and engaged.

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Two in five employees are working extra hours as cost-of-living crisis bites

cipHR

Faced with declining real incomes and mounting expenses, almost half (46%) of respondents have taken on additional hours at work, one in five (19%) now has a second job for extra income, and one in three (34%) has been actively job hunting for a higher salaried role.

Food 52
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Employee Benefits in the UK: Unlocking the Perks of a Happy, Productive Workforce

Empuls

Pensions are a compulsory benefit provided by employers in the UK. Retirement benefits Pension is the most important part of retirement benefits in the UK. It also provides other options, such as bonds, international index funds, etc, using a plan that automatically enrolls employees. 

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15 Employee Benefit Examples from Great Companies

Empuls

Additionally, Netflix provides a highly competitive compensation package that includes generous salaries, bonuses, and stock options. 🔖 Suggested Read: 17 Essential Employee Benefits Ideas to Boost Morale and Productivity 8. They offer benefits that foster personal growth, well-being, and a sense of community.