Employee Benefits
MAY 22, 2024
Professor David Blake, director of the Pensions Institute at Bayes Business School, says: “Consensus is that [people] need to save between 12-15% of salary for 40 years to get a decent pension in retirement.” With minimum auto-enrolment levels sitting at 8%, with 5% coming from the employee, there is a clear gap to plug.
HR Digest
JUNE 13, 2021
A recent report by Gallup says the cost of replacing an employee can be equivalent to one and a half to two times the employee’s annual salary. Seminars/Webinars. Allowing employees to attend industry-related seminars or webinars is another successful upskilling strategy. million per year in employee replacement costs.
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Employee Benefits
AUGUST 9, 2023
It offers pre-retirement seminars focusing on a holistic approach to pensions , tax implications, the psychological impact of leaving work, wills and estate planning, that are primarily aimed at older workers but do get interest from younger staff as well.
Employee Benefits
AUGUST 30, 2023
Employees can also participate in bespoke financial wellbeing workshops, featuring guides, webinars and in-person seminars on topics such as pensions and protection, budgeting , saving and investing. The post Thatcham Research introduces financial wellbeing scheme appeared first on Employee Benefits.
HR Lineup
MARCH 29, 2024
However, their value goes beyond just their salaries. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates. Employees are the backbone of any organization, driving its success and growth.
Business Management Daily
APRIL 29, 2024
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. Most employees expect benefits. People want more. Fringe benefits are how employers make up the gap.
Employee Benefits
NOVEMBER 2, 2023
Making regular contributions into a pension pot is also becoming more of a challenge, with salaries struggling to keep pace with rising costs. The knowledge gained from the financial education seminars at BT helped a retired employee, Rob Booth, to retire and realise his dream of restoring an old building.
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