Money Talk

AUGUST 10, 2022

The year 2022 is equally noteworthy for a “Great Unretirement” as millions of older workers who left jobs during the pandemic decided to come back into the labor force. a high demand for workers (sometimes coupled with increased pay, signing bonuses, and/or remote-work flexibility) 2.

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Disability Insurance Taxes Health Insurance Pension 246

Employee Benefits

FEBRUARY 27, 2024

Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. As part of an £89 million investment, from 1 April the rate of pay for its 40,000 UK customer assistants will increase from £10.90 increase on last year.

Retail 69

Retail Pension Benefits Package Food 69

Employee Benefits

NOVEMBER 16, 2023

The Association of Accounting Technicians (AAT) has reported a mean ethnicity pay gap of 25.3% in 2023, up from 24% in 2022. Its median ethnicity pay gap rose to 25.6% The report, which is based on hourly rates of pay on 5 April 2023, also found the mean ethnicity bonus gap was 14.3%, down from 15.5%

Bonuses 59

Bonuses Finance Recruitment Employee Benefits 59

Employee Benefits

FEBRUARY 19, 2024

Motorway service station operator Welcome Break has reported a 6.38% mean gender pay gap for 2023, down from 8.6% This is its lowest reported gap since 2018, which is a result of its efforts on managing pay increases and using a ‘compliance by complexity’ model. Meanwhile, its median gap was 1%.

Bonuses 59

Bonuses Hospitality Retail Employee Benefits 59

Employee Benefits

FEBRUARY 8, 2023

American air travel organisation Delta Airlines has announced that it will give its ground and flight attendant employees a 5% pay increase as of 1 April. According to the airline, the pay hike is a continuation of its investment in its people. million) in profit sharing after the business reported strong earnings in 2022.

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401(k) Pension Government Education 96

Employee Benefits

DECEMBER 2, 2022

For the 39,000 UK-based employees, the payment was agreed at £1,000, with equivalent amounts in all other locations. This would be the second change to the minimum salary since April 2022, when it stood at £19,000. This would be the second change to the minimum salary since April 2022, when it stood at £19,000.

Banking 111

Banking Salary Employee Benefits Management 111

InterWest Insurance Services

MAY 9, 2023

In a sign of the long-lasting effects of reforms enacted a decade ago, California’s workers’ compensation rate-making agency will recommend that average benchmark rates increase a mere 0.3%. The pure premium rate is an average across all class codes, with some industries seeing higher increases and some seeing rate decreases.

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Insurance Government Medical Workers’ Compensation 97

Employee Benefits

DECEMBER 17, 2021

Aldi has announced that it will increase the hourly pay rates for its 28,000 members of staff from 1 February 2022 in a bid to maintain its position as one of the UK’s highest-paying supermarkets. All UK-based store assistants at the German-owned grocery chain are set to receive at least £10.10 an hour to £9.18

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Government Employee Benefits IT 111

Employee Benefits

MAY 4, 2023

Social care charity Making Space has increased pay by 10%, or the equivalent of £1,950 per year for full-time staff, in order to bring wages up to the level of the living wage. Employees at social care services run by the charity, amounting to more than 1,000 people across England, received the raise in their April 2023 pay packets.

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Pension Government Employee Benefits IT 105

Business Management Daily

APRIL 16, 2024

million US workers quit their jobs in 2022 , and young men have been leaving the workforce in record numbers. As such, employers must do everything they can to attract and retain high-performing employees, and issuing regular merit increases is one of the best ways to do so. What is a Merit Increase? A staggering 50.6

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Merit Pay Pay Raise Bonuses Salary 52

Money Talk

DECEMBER 7, 2022

They must begin starting at age 72, unless taxpayers want to pay a hefty 50% tax penalty. Calculation of RMDs- RMDs are based on a taxpayer’s current age divisor and their account balance on December 31 of the previous year. New RMD Table- A new Uniform Lifetime Table took effect for RMDs beginning in 2022. transition).

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401(k) Taxes Entertainment Retirement Plan 183

Money Talk

JUNE 8, 2022

Nobody want to pay the IRS tax underpayment penalty, which is 0.5% the start of RMDs, receipt of an inheritance, or increased or decreased earnings). Arrange Tax Withholding Services - Employers withhold income taxes based on information that workers submit on Form W-4. In other instances (e.g., In other instances (e.g.,

Taxes 277

Taxes Pension Deductions Deductible 277

Employee Benefits

FEBRUARY 9, 2024

Two-fifths (44%) of GP nursing employees in England did not receive a pay rise at all for 2023/24, according to research by the Royal College of Nursing (RCN). Of the small number who did receive a pay rise, 19% did not have their pay backdated to April 2023.

Government 59

Government Hospitality Employee Benefits Employment 59

Money Talk

MARCH 29, 2023

I reasoned…why pay for software or a tax preparer to do something that I could easily do, myself, for free? Last November (2022), I knew something was wrong. Looking back, it was also a “personal pep talk” for me because I knew I was part of a dying breed of paper income tax filers. Only about 8.2% total returns that are filed.

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Taxes Electronics Finance Software 245

Employee Benefits

MARCH 27, 2023

Social media business Facebook has reported a mean hourly gender pay gap of 2.8% for 2022, a 0.7% increase from 2021. The employer’s median hourly pay gap was 8.7% in 2022, up 0.3% Its highest pay quartile last year was made up of 26.6% Facebook’s 2022 mean bonus pay gap was 31.4%, down 3.4%

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Equity Compensation Parental Leave Bonuses Engineering 59

Employee Benefits

JANUARY 11, 2024

Craft beer business Brewdog has announced that its lower-paid employees over the age of 23 will receive a pay rise to £11.44 Staff located outside London will receive a 4.95% rise in base pay, however, those working in London will not see an increase from their current rate of £11.95. per hour from £10.90.

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Government Medical Employee Benefits Employment 59

Employee Benefits

JANUARY 23, 2023

Thousands of ambulance workers across Britain commenced strike action today (23 January) over a dispute over pay. Workers based in England were offered a 4% pay increase for 2022-23, but Unite stated in December that it would not accept this, as it was lower than the 10.5% NHS staff need their bills paying now.

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Government Employee Benefits IT 104

Employee Benefits

NOVEMBER 16, 2022

The support will not change other pay-related benefits , such as pension contributions. David Thomas, chief executive officer of the Leicestershire-based firm, told staff in a letter on 15 November that they will receive the hand-out in equal instalments over the first six months of 2023.

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Pension Salary Medical Insurance 104

Employee Benefits

JUNE 30, 2023

The global advisory, broking and solutions firm’s latest Salary budget planning survey found that UK employers are budgeting an average increase of 4.4% increase in 2023 and the average 4.3% 2022 pay rises. This is lower than the average 5.1%

Salary 69

Salary Workplace Flexibility Bonuses Employee Benefits 69

Employee Benefits

APRIL 3, 2023

Pension and group risk Trust-based defined contribution pension with 12% employer, 3% employee minimum contributions. Group income protection benefit that pays 75% up to state retirement age. Employees pay £30 per month for individual cover and up to £80 per month for family. Additional voluntary contributions. Free fruit.

Pension 105

Pension Salary Retail Work From Home 105

Employee Benefits

JANUARY 16, 2023

The organisation, which employs 75 partners and 700 employees based in and around London, regularly reviews its pay strategy according to the current climate, the markets and internal equity with the need to differentiate individuals based on their personal contribution.

IT 105

IT Salary Health Benefits Package 105

Employee Benefits

MARCH 2, 2023

UK gas network Cadent has reported a mean ethnicity pay gap of 3.15% for 2022, down from 4.47% in 2021. The employer, which has more than 6,000 members of staff, saw its median ethnicity pay gap narrow from 9.11% in 2021 to 4.68% in 2022. This was the first year the business reported its ethnicity gap data publicly.

Bonuses 69

Bonuses Employee Benefits Employment IT 69

Employee Benefits

JANUARY 27, 2022

Integrated workforce management platform provider Pro Unlimited published its J anuary 2022 Europe labor market report , which it says is based on billions of data points related to professional and technology roles. Employers looking to stay competitive are best served with a data-based talent acquisition strategy,” he said.

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Health Insurance Engineering Food Education 111

InterWest Insurance Services

JANUARY 5, 2023

With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers. is still less than general inflation, which was averaging just a tad below 8% in 2022.

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Out of Pocket Cost Employment Health Insurance Deductions 92

Employee Benefits

JANUARY 25, 2024

The organisation will pay out bonus payments starting at £100, which will increase depending on employees’ roles. Since October 2022, Pandora has increased salaries by 14% for all UK and Ireland staff, and introduced a higher quarterly jewellery allowance of £500.

Retail 59

Retail Bonuses Hospitality Salary 59

Employee Benefits

APRIL 14, 2023

London-based real estate services business Savills UK has reported its mean gender pay gap for 2022, which shows a reduction of 8% compared with the year prior. Savills’ mean gender pay gap reduced from 26.03% in 2021 to 23.94% in 2022, while its median gap reduced from 25.42% to 21.76% over the same period.

Bonuses 59

Bonuses Employee Benefits IT 59

Workplace Insight

APRIL 8, 2024

Here is why: Recent data reveals a concerning trend of discrimination against women aged 35-50 in the workplace (source: HBR, 2022 ). Issues such as the “maternity penalty” and a lack of support for women’s health issues contribute to a gap in pay, promotion, and overall workplace equality.

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Family and Medical Leave Act Parental Leave Healthcare Education 97

Employee Benefits

JANUARY 16, 2023

In 2022, London-based law firm Shoosmiths not only gave its employees a discretionary thank you payment equal to 3% of their salary in May, but also awarded them a £1,000 cost-of-living payment in September. per hour for those based in London in September. per hour for those based in London in September.

Salary 69

Salary Retail Bonuses Government 69

Business Management Daily

JANUARY 6, 2022

That means it’s a great time to start thinking about pay raises. Pay raises are particularly important going into 2022 as turnover rates continue to soar. How to determine pay raises. There are a number of ways to go about determining which employees should get a pay increase and how large that increase should be.

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Pay Raise PTO Salary Bonuses 98

Employee Benefits

FEBRUARY 15, 2023

The report was comprised of answers from 500 employees aged 18 to 65 working for businesses based in central London. It found that 57% worked two or three days a week from home, while the proportion of fully remote fell to 19% from 24% in June 2022. We believe that flexible working will remain prevalent for the long term.

Work From Home 105

Work From Home Transportation Employment Employee Benefits 105

Workplace Insight

JANUARY 25, 2024

The Movers Index, which first launched a year ago, is based on quarterly barometers combining anonymised and aggregated UK movement data from O2 Motion with national polling findings to reveal key behavioural trends. The combined data paints an what the firm claims is an accurate picture of movement patterns and the trends influencing them.

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Transportation Media IT 95

Employee Benefits

OCTOBER 13, 2023

pay rise , bringing a long-running dispute to an end. The production, distribution and maintenance workers based in Dumfriesshire in Scotland were represented by trade union Unite. After rejecting a pay offer from the employer of £10.90 million in the year ending 31 December 2022. The pay increase of 13.2%

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Manufacturing Food Overtime Taxes 59

Employee Benefits

MARCH 9, 2023

Credit: DenisMArt / Shutterstock.com Beverage brand Innocent Drinks UK has reported that its 2022 mean hourly gender pay gap was 10.8%, down from 13.68% in 2021. Its 2022 median hourly gender pay gap was 6.7%, down from 9.73% in 2021. Innocent Drinks UK employed more than 350 people in the UK in 2022.

Bonuses 59

Bonuses Employee Benefits Employment IT 59

Workplace Insight

FEBRUARY 15, 2023

According to the survey by talent services company, Morgan McKinley for its 2023 Salary Guide , 56 percent of employees in the UK are looking to move jobs in the first half of the year, with 49 percent selecting better pay as the primary reason, followed by ‘better career growth and development opportunities’ (17 percent).

Employment 97

Employment Salary Bonuses IT 97

Employee Benefits

DECEMBER 1, 2022

Engineering, architecture and advisory services firm Ove Arup has published its UK 2022 pay gap report, which revealed that its latest mean gender pay gap was 14.6%, a slight rise from 2021. The organisation’s median gender pay gap also increased slightly, from 15.7% in 2021 to 15.8% in 2021 to 10.5%

Architecture 59

Architecture Bonuses Engineering Employee Benefits 59

Workers' Compensation

DECEMBER 27, 2021

The New Jersey Department of Labor and Workforce Development (NJDOL) announced increases in the maximum benefit rates for Unemployment Insurance, Temporary Disability Insurance, Family Leave Insurance, and Workers’ Compensation for the calendar year 2022. The benefit rates and taxable wage base for 2022 reflect the $1,419.52

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Workers’ Compensation Disability Insurance Insurance Taxes 81

Griffin Benefits

NOVEMBER 1, 2022

What follows is a consolidated summary of the new IRS limits; Health Care FSA Limits Increase for 2023. And if an employer's plan allows for carrying over unused Health Care FSA funds, the maximum carryover amount has also risen , up $40 from $570 in 2022, to $610 in 2023.

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401(k) Retirement Plan Health Savings Account Deductions 82