Employee Benefits

FEBRUARY 14, 2023

Growth in total pay , including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS). For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic.

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Employee Benefits

OCTOBER 31, 2023

In today’s economic climate, helping employees to build their financial resilience and providing them with the knowledge and tools to do so, has never been so important. This will provide employees with a convenient, flexible and tax efficient way to invest. million employees. This is where a Corporate ISA can help.

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Employee Benefits

MARCH 14, 2023

increase compared with the same period in 2022, according to the Office for National Statistics (ONS). Average total pay , including bonuses, grew by 5.7% and regular pay, excluding bonuses, grew by 6.5% in the period from November 2022 to January 2023. Average total pay , including bonuses, grew by 5.7%

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Employee Benefits

JULY 24, 2023

Cartwright, the pension specialist for defined benefit and hybrid schemes, has given each of its employees a one-off cost-of-living payment of up to £2,000. It is in addition to their salary , profit share and other performance-related bonuses. million investment, in response to the rising cost of living.

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Employee Benefits

APRIL 11, 2023

Iveco introduced the platform as it recognised a need for increased communication of its employee benefits and a unified experience for its global workforce. Rob Gerdes, head of rewards and pensions at Iveco Group, said: “The pandemic has emphasised the need to deliver a consumer-grade experience to our workforce.

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Employee Benefits

NOVEMBER 20, 2023

As total reward statements (TRS) have long been favoured to communicate what employees’ reward packages are worth, they can be useful to engage them with what is on offer. Understanding the value A TRS typically offers a breakdown of the monetary value of an employee’s entire employment package. 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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Employee Benefits

FEBRUARY 15, 2023

The business has a transparent algorithm, with the real living wage as a base, then pulling in factors such as seniority, performance, care allowances and bonuses. Many providers of existing benefits, such as pensions , will have education modules to increase awareness of the financial provisions on offer.

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Employee Benefits

MARCH 3, 2022

From next year, discretionary cash bonuses will no longer be paid. Final bonuses of this kind will be paid to the highest-performing workers in April 2022. The new offer also includes higher pension contributions and flexible benefits.

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Employee Benefits

DECEMBER 15, 2021

The benefits on offer at Trayport: Pensions and financial wellbeing. Group personal pension plan with Aviva with a 7% employer contribution. Group income protection for all employees, employer paid. Private medical insurance (PMI) for all employees, employer paid at employee-level cover. Other benefits.

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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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Employee Benefits

JANUARY 16, 2023

According to Wagestream’s The state of financial wellbeing: the cost of living report 2022 , published in July 2022, there has been an upswing in organisations adjusting their benefits budget to support broader financial wellbeing programmes as an additional way of helping their workforce, rising from 51% in 2021 to 93% in 2022.

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Employee Benefits

MAY 17, 2023

The popularity of employee ownership in business is steadily increasing; statistics from the White Rose Centre for Employee Ownership found that as at June 2022 there were 1,030 employee-owned businesses in the UK. The post How much value do employees place in holding equity in an organisation?

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Workplace Insight

JULY 3, 2023

A new poll suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022.

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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. The post How to engage staff with a total reward offering appeared first on Employee Benefits. Staying on trend with current issues.

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cipHR

JUNE 29, 2023

New research suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022.

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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. You can make your compensation scheme more attractive with a comprehensive benefits package.

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Business Management Daily

APRIL 25, 2023

Beginning in the spring of 2021, employees began leaving their jobs in record numbers. At the same time, a high salary isn’t the only way you can compensate your employees. While you don’t want to skimp on salaries, other attractive forms of compensation include stock options, retirement plans, PTO, and regular bonuses.

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Vantage Circle

MAY 18, 2023

Retirement schemes aim to facilitate the process of employees accumulating funds for their future years after they exit from active work. As a gesture of gratitude towards their diligent workforce, employers can offer various retirement plans such as 401(k) or pension-based schemes. Some of them include the following- 1.

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