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Employee Benefits: Types, Cost & Examples

HR Digest

When you’re starting a new job , it can be overwhelming to learn about all the benefits that are available to you. But the more you know about the types of employee benefits offered by your employer, the better equipped you’ll be to make informed decisions about health care, retirement plans, and other important financial matters.

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How will the ‘Great Resignation’ change employees attitudes to employee benefits?

Employee Benefits

Pay is one way but employee benefits and reward packages are another major focus. Flexible working, mental health and social value are all in demand but some are questioning the use of more ‘gimmicky’ benefits. After the past 18 months, people’s priorities have shifted. Belcher, though, has a slightly different take.

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36% will work past state pension age to cover daily expenses

Employee Benefits

million employees. Of those workers, the average individual expects to work until they are 72, up from an estimated 70 years old in 2022. Meanwhile, 34% have been swayed to take a job because of a competitive benefits package.

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Podcast: Ogi takes a flexible approach to benefits in order to attract top talent

Employee Benefits

Employee Benefits · Employee Benefits/Ogi podcast Listen: For Ogi, the Welsh broadband and internet service provider, a comprehensive benefits suite is a key tool in its talent attraction strategy. The business is an infrastructure investor, and an internet service provider (ISP).

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Just 13% of UK staff feel benefits align with their needs

Employee Benefits

More than half (55%) of employee respondents said relevant benefits that align with what they want and need would have the greatest impact on their experience at work, while 89% felt that employers could reduce staff attrition by better understanding what people want.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

In 2022, only 42 percent of the higher earners lived paycheck to paycheck, suggesting that American households are increasingly worse off financially. Financial wellness benefits can help employees tackle their money challenges. Financial wellness benefits can help employees tackle their money challenges.

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How can employers ensure reward and benefits enhance the employee experience?

Employee Benefits

There’s been a mindset change with reward and benefits according to Eva Jesmiatka, director, rewards at Willis Towers Watson. Where it used to be acceptable to say this is the benefits package and simply match the market, employers are now much more likely to ask employees what they want,” she says. Benefit variety.