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5 Best Compensation Tools 2022 in HRM

HR Lineup

Managing employee compensation is a sensitive function that HR professionals should handle with caution. With an effective compensation plan, your employees will be comfortable and satisfied, thus working long term. Note that we conducted thorough research and tests to identify these best compensation tools.

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The Latest Compensation Trends Redefine Job Satisfaction

HR Digest

So, it is not surprising that compensation trends for a post-pandemic world look vastly different from the one before the pandemic. Employee compensation trends have been heavily influenced by the change in work culture and expectations. The three most popular compensation trends 2022 are listed below: 1.

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IRS Announces 2023 Increases to Qualified Retirement Plan Limits

Proskauer's Employee Benefits & Executive Compensa

Increase from 2022 to 2023. Increase from 2022 to 2023. Increase from 2022 to 2023. Annual Participant Compensation Limit. Highly Compensated Employee Threshold. Key Employee Compensation Threshold for Top Heavy Testing. Qualified Defined Benefit Plans. Annual Maximum Benefit.

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Wellness HRAs vs. wellness employee stipends

PeopleKeep

While many organizations offer health benefits, these benefits alone may not go far enough to support the wellness initiatives your employees desire. Employee wellness is an essential part of your employee compensation package. But, only 33% of employers said they provide or plan to offer these wellness benefits.

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The Top 9 Ways to Improve Employee Loyalty in 2022

Empuls

Investing in your employees is investing in your customers. 9 Effective Ways to Improve Employee Loyalty There are many ways to boost employee engagement and morale, but here we will take a look at 9 strategies that have proven most effective in improving employee loyalty in 2022.

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SCA Fringe Rate Increases vs Medical Inflation Contractor Dilemma

AssuredPartners

The DOL pointed to the latest Bureau of Labor Statistics employment cost index summary of employer cost of employee compensation (ECEC) for the rationale behind the fringe increases.

Medical 98
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The Dire Need for a Meaningful Fringe Increase

AssuredPartners

For the thousands of federal contractors working under SCA regulations, that number is crucial for employee morale and the strength of an employer’s benefits package. The fringe rate is based on the latest Bureau of Labor Statistics Employment Cost Index summary of Employer Cost of Employee Compensation (ECEC).