InterWest Insurance Services

SEPTEMBER 12, 2023

If the proposed rules become permanent rules, employers will need to prepare their bookkeeping and budgets to account for the new salary caps for qualifying for overtime pay. What’s changing The exempt salary threshold will be bumped up to $1,059 per week, from the current $684.

Overtime 89

Overtime Salary Benefits Package Employment 89

Insperity

SEPTEMBER 21, 2023

So, what can employers do to address these mostly external factors that can impact employee wellbeing? 59% of employees feel their salary has not maintained pace with the rising cost of living. Financial health is a significant concern in the relationship between employers and employees.

401(k) 100

401(k) IT Benefits Package Finance 100

Qandle

JANUARY 27, 2024

The offer letter format is a crucial document in the hiring process, setting the tone for the beginning of an employment relationship. This blog will guide you through the essential components of an offer letter, providing a comprehensive format and templates to streamline the process. This adds a professional touch to the document.

Software 52

Software Retirement Plan Salary Benefits Package 52

Employee Benefits

FEBRUARY 26, 2024

Employee retention is an ongoing theme for employers and HR professionals, and for good reason. 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. Recruiting fresh talent is expensive, eating into business profits.

Employee Retention 111

Employee Retention Bonuses Recruitment Taxes 111

Employee Benefits

JANUARY 16, 2024

The Rewards and Benefits Association recently published a report that found that 64% of employers consider the cost of recruiting fresh skills to be a considerable financial risk over the next two years. Is becoming an employer of choice one of your ambitions for 2024? Employer branding as a talent attraction tool.

Salary 59

Salary Benefits Package Recruitment Employee Retention 59

WEX Inc.

MAY 10, 2023

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. Salary and benefits. Two big reasons?

Taxes 52

Taxes Education Benefits Package Salary 52

Insperity

OCTOBER 10, 2023

workers better prepare financially for retirement, at every stage of their employment journey. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 employer-sponsored 401(k) plans. Act also allows employers to offer many optional financial benefits to their employees.

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

Employee Benefits

FEBRUARY 14, 2024

We’ll cover some of the topics discussed during this blog, but for now, we’ll address why we’re bringing age into the debate. With the retirement age continually increasing, many UK employees rely on their salary for longer. It’s never been more essential for employers to help keep their workforce healthier for longer.

Healthcare 105

Healthcare Employee Wellness Medical Government 105

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 80

Flexible Spending Account 401(k) Flexible Spending Deductions 80

Business Management Daily

APRIL 29, 2024

Most employees expect benefits. A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Fringe benefits are how employers make up the gap. People want more.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Benefit Resource Inc.

APRIL 27, 2023

In today’s competitive job market, attracting and retaining top talent has become a challenging task for employers. With numerous options available, employees are demanding more than just a good salary. A well-structured employee benefits program can be a make-or-break factor in attracting and retaining top-performing employees.

Retirement Plan 52

Retirement Plan Parental Leave Healthcare Benefits Package 52

Vantage Circle

FEBRUARY 12, 2024

There's a science to selecting benefits that effectively balance employer budgets and employee priorities. An interactive employee benefits survey is your secret to achieving this elusive synergy. The right questions blueprint your people's benefits outlook, including satisfaction, pain points, and desired additions.

Employee Benefits 59

Employee Benefits Family and Medical Leave Act Parental Leave Benefits Package 59

WEX Inc.

SEPTEMBER 5, 2023

Benefits can make a big difference for small businesses trying to field the best workforce. Keep reading this blog post to learn four reasons why offering benefits is challenging for small business owners and what they can do to overcome these challenges. Identify benefits that can help many or most employees at a low price.

Health Savings Account 52

Health Savings Account Taxes Education Benefits Package 52

Enjoy Benefits

NOVEMBER 9, 2023

But staff retention has become trickier in recent years, with the Great Resignation used as a label for this post-pandemic employment trend. Get in touch with us through our web form to find out more about all our staff benefits, or call us on 0800 088 7315. Click here to find out more. Contact us.

Employee Benefits 52

Employee Benefits Employee Retention Salary Entertainment 52

Achievers

APRIL 23, 2015

A competitive salary is the bare minimum that you need to provide to keep employees satisfied. Beyond compensation, your employee retention strategies should factor in the total rewards package you offer, the quality of your leadership, and the power of your social recognition strategies.

Employee Retention 180

Employee Retention Paid Vacation Benefits Package Employee Recognition 180

Achievers

JUNE 25, 2019

Most of us receive a paycheck, so it’s easy to assume compensation packages are pretty black and white. Some folks are hourly, some are salaried, and depending on what role they play, others receive bonuses or commissions based on their performance. Determining the right compensation package. Straight salary compensation.

Commissions 92

Commissions Overtime Salary Health Insurance 92

Business Management Daily

FEBRUARY 16, 2024

While there’s no one-to-one relationship between, say, a fancy espresso machine and high productivity, employers who value worker well-being perform better than those who don’t. In this blog, we’re talking about why perks are important, how companies can provide incentives employees want, and how they can do it without blowing the budget.

Food 87

Food Retirement Plan 401(k) Bonuses 87

Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction. Wondering what kind of benefits are offered to employees in the UK? Read on to find out more employee benefits examples in the UK and how they can be planned for a company.

Employee Benefits 40

Employee Benefits Pension Benefits Package Mandatory Benefits 40

Empuls

SEPTEMBER 28, 2023

78 percent of employees agree that the benefits package, including discount schemes, helps them accept or reject a job. 85 percent of employees also believe that their companies do not meet their expectations regarding benefits offered to them in the form of discount schemes or others. What is an employee discount scheme?

Employment 40

Employment Retail Health and Welfare Food 40

Achievers

DECEMBER 22, 2016

Studies on turnover estimate that when an employee leaves a company, it can cost the organization between 30 to 250 percent of that person’s annual salary due to factors like loss of productivity and other associated replacement costs. Look beyond money to drive desired behaviors.

Employee Recognition 126

Employee Recognition Human Resources Employee Retention Benefits Package 126

InterWest Insurance Services

FEBRUARY 9, 2023

Only 30% of American workers in private industry currently have access to employer-sponsored long-term disability insurance coverage, according to the U.S. Employers may offer short-term disability coverage, long-term disability coverage, or integrate both short- and long-term coverage. Bureau of Labor Statistics.

Disability Insurance 67

Disability Insurance Voluntary Benefits Insurance Benefits Package 67

COMPackage

NOVEMBER 16, 2022

One of the first steps to achieve this goal is to consider restructuring employee benefits. You still need to nurture a positive workplace culture , offer flexible working schedules and competitive salaries, and show your people that you value, respect, and care for them. Making Employee Benefits Work .

Employee Benefits 52

Employee Benefits Benefits Package Software Salary 52

Empuls

APRIL 28, 2023

According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employee benefits?

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

Employee Benefits

JANUARY 12, 2024

With Blue Monday just around the corner, we’re encouraging employers to raise mental health awareness and prioritise mental wellbeing at work. During this blog, we’ll explore the maths behind the day and how effectively supporting mental health in the workplace all year round, can keep the blues at bay.

Benefits Package 52

Benefits Package Finance Employee Retention Consulting 52

Empuls

MAY 29, 2023

Learn about them in this blog post. Employee instant loans refer to a loan offered by some employers to their employees as a benefit. The loan amount is typically limited to a certain percentage of the employee's salary, and the repayment terms may vary depending on the employer's policies.

Employee Retention 40

Employee Retention Health and Welfare Finance Salary 40

Hireology

NOVEMBER 23, 2021

Adding more fuel to the fire, large companies that can afford to offer more in terms of salary and benefits are looking to hire fast as we approach the holiday season. Beef up your employer branding. Amazon alone is expected to hire more than 150,000 seasonal workers and has offered signing bonuses as high as $3,000.

Bonuses 78

Bonuses Benefits Package Hospitality Retail 78

Qandle

FEBRUARY 12, 2024

Within this blog, we’ll delve into 10 fundamental HR major functions of hrm essential for organizational success. Furthermore, investing in employee development fosters a culture of continuous learning and professional growth, positioning the organization as an employer of choice and enhancing its competitive edge in the marketplace.

Human Resources 52

Human Resources Management Software Recruitment 52

Hireology

SEPTEMBER 26, 2018

We’re sharing expert content from the Compli team on the Hireology blog on a recurring basis. Or your benefits package. No period in the employment lifecycle is more important than an employee’s first 90 days on the job. Or your kegerator. It’s in your onboarding program. Turnover is expensive. How expensive?

Benefits Package 116

Benefits Package Retail Technology Salary 116

Bayzat

FEBRUARY 15, 2024

Payroll Management View payslips, salary breakdown, and tax information securely. Update bank details and request salary advances if applicable. Additionally, employees can modify benefit elections as needed during open enrollment periods.

Electronics 52

Electronics Overtime Taxes Payroll 52

Bayzat

APRIL 16, 2024

An in-depth look into the global industry actually points the finger at employers. The onboarding process is also the perfect time to discuss employees’ salary packages, including possible increases over time. Companies should have employee benefits packages to inspire talents and communicate these during onboarding.

Recruitment 52

Recruitment Payroll Paid Leave Benefits Package 52

Vantage Circle

NOVEMBER 23, 2023

What can you take away from the blog Key Takeaways What are employee perks? Employee perks are the enticing extras employers offer their staff, going beyond the regular paycheck to make the workplace more inviting and fulfilling. The Bill & Melinda Gates Foundation provides a great benefits package to its employees.

Family and Medical Leave Act 65

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 65

Professionals Alternative

MAY 24, 2023

In this blog article, we’ll look at essential recruitment methods and insights for attracting and maintaining top people in the credit business. Read on for expert advice on how to stand out as an employer of choice in this competitive landscape, whether you’re looking to fill entry-level or executive positions.

Recruitment 52

Recruitment Media Utilities Technology 52

Abel HR

NOVEMBER 12, 2020

We hold this topic in high esteem because a revolving door of workers can quickly add up, with recent estimates from the Center for American Progress suggesting that replacing an employee ranges from about 16 percent of the annual salary of an hourly worker to just over 200 percent of the yearly salary for a member of your leadership team.

Employee Retention 52

Employee Retention Benefits Package Employee Incentives Salary 52

Empuls

APRIL 25, 2024

Whether you're an HR professional seeking to measure employee engagement, a manager looking to improve team dynamics, or a business owner aiming to create a best-in-class work environment, this blog is for you.     Positive employee survey results can be a valuable asset in employer branding efforts.

Benefits Package 40

Benefits Package Utilities Management Employee Retention 40

Empuls

JULY 11, 2023

In the ever-evolving world of employment, organizations are increasingly focusing on enhancing employee satisfaction and well-being. Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Employee Benefits

FEBRUARY 2, 2022

Need to know: Employers need to ensure that their reward strategy not only helps to attact, recruit and engage employees, but also reflects the values and goals of the business. Analysing data sets within the organisation can present gaps in benefits provision. Morgan adds. “It

Recruitment 59

Recruitment Insurance Consulting Benefits Package 59

Empuls

APRIL 28, 2023

They provide a win-win situation for both employers and employees. Employers can enhance their employee benefits package, increase employee engagement and loyalty, and even boost their bottom line, while employees can enjoy special offers and discounts on products and services they use every day.

Entertainment 40

Entertainment Benefits Package Media Employment 40