Employee Benefits

FEBRUARY 28, 2024

Organisations are more likely to publish information on salary ranges than specific salaries, according to research by professional body the Chartered Institute of Personnel and Development (CIPD). The post Employers more likely to publish salary ranges than specific amounts appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 14, 2024

The report said to recruit a new employee takes an average 40 days, while the cost to a business is an average 34.5% of the new employee’s salary. The post Kerry Hudson: Change in flexible-working arrangements for 2024 appeared first on Employee Benefits.

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Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Your benefits choices go a long way toward attracting the right employees. Here are the 4 best benefits in 2024, according to employees. To evolve your benefits strategy, you need to understand what will help your employees the most.

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Employee Benefits

MARCH 8, 2024

between 1 – 7 March 2024 were: Asda to raise pay for 120,000 hourly-paid store employees Currys increases salary for 10,000 staff and boosts minimum pay rates Tesco to increase pay above the real living wage Stay up to date with the Spring Budget 2024 Surrey County Council payroll error sees employees receive wrong wages Clarins reports 33.6%

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HR Digest

AUGUST 3, 2023

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. The survey also revealed that 22% of companies intended to cut the amount dedicated to salary increases in 2024, a significant jump from the previous year.

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Employee Benefits

JANUARY 26, 2024

between 19 – 25 January 2024 were: Lidl GB gives pay rise to 26,000 hourly-paid employees FCA manager loses full-time work from home claim Mitie, The Perfume Shop and NFU Mutual UK certified as UK top employers Lloyds Banking Group reports 5.7% The top 10 most-read articles on employeebenefits.co.uk

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Enjoy Benefits

FEBRUARY 18, 2024

Over the next two months, we’re highlighting eight key developments shaping the business environment in 2024, as featured in this Forbes article: The 10 Biggest Business Trends for 2024. Check back next month when we’ll be looking at employees and the workplace.

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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

FEBRUARY 16, 2024

Law firm Fragomen is to implement pay increases and minimum salary levels for both local employees and foreign nationals. From 4 April 2024, the firm’s employees aged 21 years and older will be paid a minimum of £11.44, up from the current rate of £10.42 per hour for those aged 22 and older. from £26,200 to £38,700.

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Employee Benefits

AUGUST 2, 2023

Transparency around pay levels and salary capabilities helps to avoid frustration and misunderstandings and instead provide clarity and reassurance. When it comes to asking for a pay rise, knowing what those in a higher position are earning can help employees create more realistic expectations in terms of what they should be asking for.

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Employee Benefits

MARCH 22, 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

JANUARY 16, 2024

Our research – hot off the press – of 1002 full-time UK employees found that nearly half are likely to actively search for a new job opportunity in 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. 28.45% were aged 55+.

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HR Lineup

FEBRUARY 5, 2024

Any business requires the best payroll software 2024 to manage its employees’ payroll. The software should be very effective to manage taxes and employee benefits. It should also ensure that employees receive accurate information concerning their wages/salaries or any other deductions.

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Employee Benefits

MARCH 1, 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 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours. Benefits around wellbeing and flexibility remain top of the pile.”

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Employee Benefits

DECEMBER 19, 2023

Many people already pay 5% of their salary into their workplace pension through auto-enrolment, with an additional 3% employer contribution. He adds; “Proactive employers are actively working to help employees to improve their financial future, remove the stigma around money worries and access the support available.

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Employee Benefits

DECEMBER 20, 2023

It is important that those retiring in 2024 understand their options, make informed decisions, and avoid making mistakes with their hard-earned savings. To help, WEALTH at work, has created a list of top tips for employees who are thinking about retiring in 2024.

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Employee Benefits

MARCH 11, 2024

The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market. The deal, which was intended to match inflation , was accepted by the trade union that represents the bank’s employees.

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Employee Benefits

FEBRUARY 21, 2024

As of 6 January 2024, the cut means that all employees who currently pay NIC will benefit. The extent of the savings will depend on an employee’s salary , with annual savings of £457 for employees on average earnings of £35,400 and £754 for employees earning over £50,270 per annum.

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Employee Benefits

MARCH 6, 2024

As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024. a year in NI contributions and be able to pay an additional 1.03% of their salary into their workplace pension at no additional cost to them. A person earning £20,000pa will save £148.60 because of the tax and NI saving. 1.53% £1,300.00

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Employee Benefits

DECEMBER 8, 2023

Supermarket chain Aldi is to increase pay for its 40,000 store and warehouse employees to at least £12 an hour nationally and £13.55 within the M25, from 1 February 2024. within the M25 based on employees’ length of service. an hour from April 2024 for those aged 21 and over. nationally and £13.85

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Employee Benefits

MAY 1, 2024

Energy supplier Centrica and restaurant chain Prezzo have been shortlisted for Best flexible benefits plan at the Employee Benefits Awards 2024. This category was created to recognise a successful strategy that has effectively delivered a flexible benefits plan.

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Employee Benefits

MAY 13, 2024

Flexible benefits popularity Employee engagement with flexible benefits schemes remains high and these are still integral to benefits strategies, says Matthew Gregson, executive director of Howden Employee Benefits and Wellbeing. Poor benefits technology can negatively affect engagement ,” says Russell. “An

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Employee Benefits

NOVEMBER 22, 2023

Class 1 national insurance contributions (NICs) will be cut to 10% from 6 January 2024. Currently, employees pay 12% NICs on earnings above £12,570, and 2% on earnings above £50,270. From next year, employees will pay 10% and 2% respectively.

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Employee Benefits

MARCH 1, 2024

Four-fifths (79%) of male employees believe men and women are paid equally , compared with only 55% of women, according to research by HR platform HiBob. Despite 93% of both men and women feeling confident in their work performance, 33% of women were not promoted in pay, benefits or position in 2023, compared to 25% of men.

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Employee Benefits

FEBRUARY 1, 2024

The Ethical Manager Agreement 2024-2027, which applies to performers, stage management and choreographers in the independent performing arts sector, will see the minimum weekly and daily rate rise by 5% every year during the agreement’s length. From April, the minimum weekly salary will rise from the current minimum of £545 to £572.25

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Employee Benefits

JANUARY 17, 2024

Prioritising employee financial wellbeing at work doesn’t just help your people but your business, too. We’re in an era where companies need to carefully explore the types of employee benefits they offer to attract and retain top talent. It’s not about looking for the best offer – about what an employee can get.

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Employee Benefits

JUNE 29, 2023

In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%. In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%.

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Employee Benefits

APRIL 19, 2024

pay rise backdated to 1 January 2024 following ongoing strike action. The employees, who are members of the University and College Union (UCU), will also receive a further 1% rise from Monday 1 July. The post Myerscough College employees accept pay rise appeared first on Employee Benefits.

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Employee Benefits

JANUARY 24, 2024

It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. The volatility of the price means employees aren’t keen to switch from hard cash.” Forward-thinking businesses are already seeing it as a potential differentiator when attracting and retaining employees.”

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Employee Benefits

MARCH 27, 2024

In addition, it has made an internal pledge to contribute 50,000 hours of volunteering from its employees to support the service’s work and has committed to assist its goal to recruit and train 1,000 volunteers in 2024. The post Wagamama pledges to contribute 50,000 employee volunteer hours appeared first on Employee Benefits.

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Employee Benefits

MARCH 7, 2024

A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5%

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Employee Benefits

FEBRUARY 2, 2024

National Insurance (NI) is reducing from 12% to 10% from January 2024. a year in NI contributions and be able to pay additional 1.06% of their salary into their workplace pension at no additional cost to them. a year in NI contributions and this could be an additional 1.96% of their salary into their pension.

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Employee Benefits

FEBRUARY 5, 2024

Credit: muk woothimanop/Shutterstock Need to know: Green electric vehicle (EV) salary sacrifice arrangements are growing in popularity. Employees need to understand how benefit-in-kind (BIK) rates differ for both EV and internal combustion engine (Ice) cars.

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Employee Benefits

FEBRUARY 26, 2024

High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Are you at high risk of high employee turnover? We interviewed over 1,000 UK employees and found that almost half would be looking for a new role in 2024.

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Employee Benefits

DECEMBER 11, 2023

And unfortunately, there is little sign of it easing as we edge closer to 2024. Whether small gestures, or options to help salaries go further and spread costs. Blackhawk Network’s 2023 employee research, published in March 2023, uncovered a large discrepancy between the benefits employers offer and the benefits that employees want.

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Employee Benefits

DECEMBER 5, 2023

Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment. Hourly-paid staff will receive a 10% pay increase in 2024, while salaried workers will see a rise of 5% on average.

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