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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HR Digest

AUGUST 3, 2023

In 2023, the labor market was a wild rollercoaster ride for both employers and employees. According to a salary budget survey conducted by Payscale, more than three-fourths of U.S. companies were planning to increase salaries the same as or more than the previous year. A ray of hope for workers, right? Well, not so fast.

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Employee Benefits

APRIL 19, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

OCTOBER 25, 2023

Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. This suggests that benefits are a valuable tool to attract and retain individuals that might be facing challenges, such as money or health issues.

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CorpStrat

FEBRUARY 1, 2023

Last year’s labor market was a roller coaster and we believe 2023 will be no different. 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. In addition, 28% say they are miserable at work.

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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. This looks set to continue into 2023, with employers forced to re-examine what their reward package offers their workforce and how they can improve it.

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Employee Benefits

OCTOBER 4, 2023

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. We want to get employees to see what is on offer and how much they can save,” said Llewellyn. “It

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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

MARCH 11, 2024

The Early Education and Childcare Coalition and the University of Leeds’ November 2023 study Retention and return: delivering the expansion of early years entitlement in England revealed that 35% of nursery managers said they would limit the number of places they offered unless there was more government support to retain and recruit staff.

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Best Money Moves

MARCH 11, 2024

In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits. Well-tailored, helpful employee benefits go a long way toward keeping your existing team members satisfied while also attracting new talent.

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Empuls

APRIL 28, 2023

And one of the key factors that can make a difference for employees is the benefits they receive. Employee benefits are a crucial part of any organization's overall compensation package. Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated.

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Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

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Empuls

MAY 7, 2023

As an employer, you are responsible for keeping your employees happy, motivated, and engaged. One of the ways to achieve this is by implementing an effective employee benefits program. Employee benefits programs are an integral part of any organisation's compensation plan. What are employee benefits?

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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. As of June 2023, 30.7%

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Employee Benefits

AUGUST 29, 2023

This will result in more than 90% of staff gaining a minimum £3,125 increase in 2023-24, working out as a 7 to 15% pay increase depending on salary. The post St Mungo’s employees accept pay rise appeared first on Employee Benefits.

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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. According to a 2023 survey from the Lending Club, 60 percent of Americans are living paycheck to paycheck.

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Vantage Circle

NOVEMBER 30, 2022

When looking for a new job, any self-respecting employee would look at the complete benefits package. Not just salary. Because majority of the companies know employees do this, and so they create a comprehensive package of benefits to attract employees. Employee Assistance Programs (EAPs).

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Insperity

OCTOBER 10, 2023

Act are: Starting in 2025, long-term, part-time employees – those workers with at least two years’ tenure and who have worked a minimum of 500 hours – must be able to participate in their company’s retirement plan. Starting in 2023, if a retirement plan allows for it, employees can elect for their employer match to receive Roth tax treatment.

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Employee Benefits

FEBRUARY 26, 2024

Tom Nash, HR Business Partner, Pluxee UK In 2023, the overall employee turnover rate in the UK was 13% (Cendex). SMEs (0 – 49 employees) make up 99.2% Let’s see how an annual employee turnover rate of 13% would impact them. 13% of 49 employees = 6 employees Replacing 6 x employees at £30,000 = £180,000.

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Employee Benefits

JANUARY 16, 2024

Read on to discover which age range plan to spread their wings, and the steps you can take to reduce employee turnover and retain your talent. We discussed being an employer of choice in March 2023 with our blog – You’re Ready to Become an Employer of Choice. appeared first on Employee Benefits.

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Business Management Daily

APRIL 25, 2023

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Why has finding and holding onto talented employees become so complicated?

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Employee Benefits

FEBRUARY 4, 2022

The FCA last year set out proposals to increase base pay by 2% this April for workers “clearly meeting or exceeding their objectives” It also consulted on scrapping annual discretionary bonuses from that point and introducing changes to benefits packages.

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Employee Benefits

APRIL 17, 2024

Employees with poor mental health are likely to be more heavily impacted by financial worries and less likely to make sound financial decisions. Read on to explore the employee benefits that can help alleviate financial pressures during the cost-of-living crisis, enhancing mental health or wealth.

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Employee Benefits

JANUARY 12, 2024

Wikipedia explains it here: Where W=weather, D=debt, d=monthly salary, T=time since Christmas, Q=time since the failure of new year’s resolutions, M=low motivational levels, and Na=the feeling of a need to take action. Absenteeism: The average rate of absenteeism per employee, per year has increased from 5.8 in 2023 (CIPD).

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Higginbotham

MAY 3, 2024

Employee engagement refers to the level of commitment and enthusiasm that workers bring to their jobs, as well as the degree to which they share the culture, values and goals of the employer organization. In a November 2023 Gallup poll , only 32 percent of US employees described themselves as engaged based on this definition.

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Bayzat

JULY 14, 2023

Last Updated on July 14, 2023 by bhakti Most businesses know that customer experience is a vital step toward business success. But employee experience can be just as crucial – if not more. What is Employee Experience? Employee experience encompasses many aspects of the staff’s everyday life.

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Bayzat

SEPTEMBER 26, 2023

Last Updated on September 26, 2023 by Farhan Choosing the right solution can impact your organization when it comes to HR software. Bayzat streamlines the entire payroll process, from calculating salaries and deductions to generating payslips and facilitating direct deposits. Bayzat presents some intriguing alternatives.

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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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PeopleStrategy

NOVEMBER 14, 2022

Check out this article to learn about six upcoming HR trends in 2023. 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. And this reality will continue into 2023. Consequently, many U.S.

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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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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

That’s what many small business owners are looking for when it comes to finding and keeping the right employees. In a 2023 study, small business owners said recruitment and retention was one of the top problems they faced. In a May 2023 study by WEX , on a scale of 0 to 10, participants gave us a mean score of 9.11

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