Employee Benefits

FEBRUARY 15, 2023

Middleton notes that by helping people with those spends that might seem more frivolous, such as gym memberships, employers can head them off at the pass before they start making more weighty financial decisions, while also benefitting their wellbeing and engagement. appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 8, 2022

DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees. The lending and personal savings bank said the initiative, run in partnership with Octopus Electric Vehicles, will make owning a new electric car more affordable for employees.

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Bayzat

APRIL 5, 2024

Factors Contributing to the UAE’s Talent Shortage Despite its thriving economy, below are factors contributing to the scarcity of UAE talent in the workforce: Unexpected Salary Expectations The 2022 Hays GCC Salary Guide shows that 21% of employers in the UAE struggle with candidates’ unrealistic salary demands.

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HR Digest

FEBRUARY 10, 2023

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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Employee Benefits

FEBRUARY 15, 2023

“People make a real choice now about what kind of [business] they want to work for, and when that’s added that to the cost-of-living issues, they’re looking for great pay , and the wider benefits package is becoming more and more important.” This included bonuses in January 2023 which were weighted towards the lower paid.

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Employee Benefits

JANUARY 16, 2023

Professional services firm Moore Kingston Smith looks to balance salary, recognition and benefits equally as part of its holistic approach to its people and their reward. We know from regular listening that our people value the wider benefits we offer as much as they do our competitive pay and benefits package.”.

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Employee Benefits

FEBRUARY 27, 2024

That’s why we’re making our biggest ever investment in our retail pay offer to recognise our [employees] for the vital role they play each day. Since March 2022, we’ve invested more than £146 million in our retail pay offer and increased our standard hourly rate by more than 26%.

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Employee Benefits

MARCH 9, 2023

With ⅓ of UK workers considering a career change at the start of 2022, the ‘great resignation’ has shaken up businesses – and its effects are still rippling throughout many industries. It’s estimated that losing an employee can cost a company 1.5 – 2 times the employee’s salary.

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Employee Benefits

MARCH 21, 2023

The last few years have caused many to reflect on how we spend our time, leading to employers having to re-evaluate their employee benefits package. David McCormack, CEO , HIVE360 , explains it’s important to first understand what benefits and support employees value the most.

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Employee Benefits

APRIL 28, 2023

The target is 12% of a full-time living wage worker’s salary, of which the employer pays in at least 7%, and can also be implemented as a cash amount of £2,550 a year, with the employer contributing at least £1,488. The post Coastline Housing receives living pension accreditation appeared first on Employee Benefits.

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Employee Benefits

JANUARY 30, 2023

As organisations look to build a package that positions them as an employer of choice in a competitive recruitment masrker, as well as supporting employees in key areas of their lives, it can be easy to end up with a bulging benefits package. How much is too much? Education is also key.”

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Higginbotham

NOVEMBER 2, 2023

Developing an Employee Financial Wellness Program Employees typically look for competitive compensation, but a good salary alone isn’t necessarily enough to ease financial difficulties. Financial wellness benefits can help employees tackle their money challenges.

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Employee Benefits

JANUARY 10, 2024

Employers can offer a corporate gym membership on an employee-paid or discounted basis, with many gyms offering membership deals to organisations. Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package.

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Higginbotham

JANUARY 27, 2023

Employees don’t work for free. They want to be fairly compensated for their work, and that usually involves both wages and employee benefits. Although some small business owners may feel overwhelmed by the prospect of offering health insurance and other benefits, the many advantages can make the effort worthwhile.

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Employee Benefits

FEBRUARY 6, 2022

Organisations are having to fight harder to recruit and retain, offering higher salaries and/or more competitive benefits packages. Employees are generally in a good position right now. They are placing more demands on employers, with the expectation that these demands will be met.

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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?

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Employee Benefits

FEBRUARY 9, 2022

In April 2021, law firm TLT launched an electric vehicle (EV) scheme as part of its employee benefits package via a salary sacrifice arrangement. While the agreement is between scheme provider Tusker and the employee, effectively the vehicle is leased by TLT and the employee listed as the user.

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cipHR

MAY 4, 2022

Perhaps unsurprisingly, after two years of pandemic-led disruption and rising living costs, among the most popular employee benefits are those which help supplement squeezed incomes, support people’s health, and encourage work-life balance. Here’s a rundown of the top 15 benefits and perks for all employees: 1.

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Business Management Daily

APRIL 25, 2023

Flexible work hours are another common demand from modern employees, as they want more control over their schedules for a better work-life balance. Development opportunities, competitive compensation, and attractive benefits packages are also perks the best talent actively looks for.

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Employee Benefits

MAY 3, 2023

Health and wellbeing at work are just as important as salary for more than 80% of UK employees*, but what are the essential components of a wellbeing programme that employees truly want and need? David McCormack, CEO of HIVE360 , investigates.

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Employee Benefits

NOVEMBER 21, 2022

Factoring reward package reviews into formal milestones, such as six-month reviews or probation periods, can improve engagement and employees’ awareness of what is on offer. If a package seems inaccessible or difficult to use, then take up can be low, says Christina Melling, co-founder and chief executive officer of Stipendium.

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Higginbotham

MARCH 28, 2023

Health Insurance Costs Keep Rising Employers spend significant sums of money on employee health care – and the costs keep rising. per hour in September 2022. of this came in the form of salary or hourly wages; the other $12.98 was benefits. We provide custom benefit packages designed to meet your unique needs.

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CorpStrat

FEBRUARY 1, 2023

While most employers project an increase in salaries in 2023, many will look beyond pay alone to help attract and retain current and prospective employees. More employers will be considering how to take a proactive approach towards employee mental well-being and resilience. In addition, 28% say they are miserable at work.

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Bayzat

JULY 14, 2023

How are employee issues dealt with? How do the different HR processes work, from time management to employee benefits? You don’t want processes such as payroll to be separate from the overall employee experience. Keep in mind that compensation isn’t just about the daily salary.

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Higginbotham

JULY 12, 2022

Excepted benefit health reimbursement arrangements are designed to cover costs that are not covered under group health plans. According to Investopedia , the maximum benefit in 2022 is $1,800. Employees may enroll in an excepted benefit HRA regardless of if they enroll in the group health plan.

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Bayzat

APRIL 16, 2024

million resignations globally for every month of 2022 up until September. It is easy to conclude that the resignation problem is due to an unchecked sense of entitlement from modern-day employees, but this is often not the case. An exposition by Indeed confirmed up to 4.5 Insurance and paid leave are great motivators.

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Insperity

MARCH 12, 2024

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Common employee benefits Here’s a list of the employee benefits that should be on your radar.

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Empuls

SEPTEMBER 28, 2023

The employee discount scheme in the UK is generating quite the buzz in the market and for all the right reasons. 78 percent of employees agree that the benefits package, including discount schemes, helps them accept or reject a job. Are employee discount schemes taxable?

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Hppy

DECEMBER 15, 2021

If so, it is recommended that you present potential applicants with an incredible employee benefits package. For instance, it is likely that an employee, when faced with a choice, will be interested in joining a company with great health and dental insurance instead of a company that offers a horrendous one or none at all.

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Employee Benefits

MAY 20, 2024

Employee benefits provider Vivup and group protection and investment provider Canada Life UK have been shortlisted in the Best supplier to work for category at the Employee Benefits Awards 2024. It is only open to internal HR teams of employee benefits providers, suppliers, advisers and consultants.

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Employee Benefits

FEBRUARY 21, 2023

The supermarket said it will continue to offer Sunday premiums for employees who joined before 24 July 2022, but will change the rate from 25% to 17% in order to maintain the value of Sunday working for those who are eligible. The post Tesco raises hourly pay to above £11 appeared first on Employee Benefits.

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Employee Benefits

DECEMBER 14, 2022

Organisations are showing increasing support for diverse family models, and employers are more likely to provide benefits to parents these days than in the past. 2022 was a year of much change, with the cost-of-living crisis raging on and many employers stepping in to help their lowest-paid workers with one-off payments and pay rises.

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Vantage Circle

MAY 18, 2023

In today's fast-paced business landscape, the concept of "Employee Perks Program" has emerged as a game-changing strategy that fosters a thriving work environment. Employees now want more than just salaries from their employers. This innovative approach goes beyond the standard compensation package.

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PeopleStrategy

NOVEMBER 14, 2022

This means that organizations in the state must disclose salaries in job postings. employers feel as if they have to supply salary information even though it isn’t legally mandated. In the near future, employers will increasingly focus on taking proactive steps to improve employee well-being and resilience.

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cipHR

JUNE 16, 2022

A further 12% (16% of men and 10% of women) have asked their employer to expand their employee benefits package, by, for example, adding a health cashback plan or an employee discounts scheme. CIPHR conducted an online survey of 1,006 employed UK adults between 18-21 May 2022. e: drichter@ciphr.com.

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Vantage Circle

NOVEMBER 23, 2023

These programs, focusing on engagement and accessibility, provide a powerful incentive for employees, demonstrating that their organization cares about their financial well-being and quality of life. How to Offer : Two companies, Corporate Offers and Vantage Circle , offer competitive and efficient discount programs to their employees.

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WEX Inc.

SEPTEMBER 5, 2023

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. Budget The challenge: Offering the best benefits package is going to require a certain amount of budget. employees left their jobs in 2022 than 2021.

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