Remove Benefits Package Remove Employment Remove Management Remove Salary
article thumbnail

85% of employers plan to further enhance their benefits packages

Employee Benefits

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Voluntary benefits such as bikes-for-work schemes have increased to 75% from 73% in 2022, while gym memberships rose to 45% from 34%.

article thumbnail

Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Final Overtime Rules Raise Exempt Salary Threshold 65%

InterWest Insurance Services

Department of Labor has issued a final rule increasing the federal salary threshold for overtime exemptions by 65%, with the full increase starting in 2025. A salaried bona fide executive, administrative or professional employee must earn that amount or more if an employer wants to exempt them from federal overtime requirements.

article thumbnail

Robert Gordon University enhances benefits package

Employee Benefits

Aberdeen-based Robert Gordon University has enhanced its benefits package to cater for changing employee needs post-pandemic. The university enhanced its package to help it achieve its aim of attracting and retaining the right people, and to ensure that any rewards, incentives or benefits reflect its increasingly diverse workforce.

article thumbnail

Rethinking Employee Benefits Package: Why Personalization is the Key?

Empuls

And this same change cuts through how employers manage their employees, what benefits to offer, and more dynamic strategies to use when recruiting more hands from the talent pool. In this article, we will explore what personalized benefits are all about, and how to use them right. What are personalized employee benefits?

article thumbnail

What employees expect from benefits packages

Business Management Daily

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal.

article thumbnail

Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality.