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Importance of Employee Benefit Package And Why it Matters

HR Digest

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

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Benefits to support an older workforce

Employee Benefits

But what benefits can employers offer to support the ageing workforce? Employers can offer this tool to employees through benefits providers, while the Department for Work and Pensions has a dedicated website. The post Benefits to support an older workforce appeared first on Employee Benefits.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The TRS outlines what employee benefits have been on offer for the past 12 months. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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EXCLUSIVE: Enterprise Rent-A-Car and Centrica promote benefits to support financial wellbeing

Employee Benefits

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. Centrica focused on communication in order to increase employees’ engagement with the benefits they have.

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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Making these benefits as inclusive as possible is another factor to consider. Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave.

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How to upscale a benefits strategy to align with business growth

Employee Benefits

Need to know: As businesses grow, it is vital that their employee benefits strategies also evolve. Any organisation’s needs will change as it grows, whether that is premises, staffing or employee benefits strategies. This not only prepares providers for large shifts in take-up, but it helps with cost planning too.

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Employee Benefits in the UK: Unlocking the Perks of a Happy, Productive Workforce

Empuls

In this blog, we have described everything from the best employee benefits in the UK to the way an employee benefits package can be designed for employees, the legal regulations, tax compliance and other nuances with regard to the subject. Pensions are a compulsory benefit provided by employers in the UK.