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Inclusive employee rewards for all generations

Employee Benefits

While connection and relationships are essential, employers must also recognise the differences between generational needs, ensuring their employee rewards and recognition strategy is inclusive. Our Annual Leave Purchase scheme is a benefit your employees can access by giving up a portion of their salary.

Retail 93
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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

The TRS outlines what employee benefits have been on offer for the past 12 months. The evidence of the impact on engagement, attraction and retention is in the employer’s turnover rate, which is lower than the UK average, proving that it is a worthwhile initiative for it to do each year. Offering choice is key,” he concludes.

Retail 105
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How to Reduce the Average Retail Turnover Rate: 5 Proven Tips

Empuls

Employee turnover is one of the most important issues confronting retailers today. According to LinkedIn , the average retail turnover rate is one of the top turnover rates besides accommodation and entertainment. High churn rates have an impact on retail companies at all levels, affecting productivity, engagement, and satisfaction.

Retail 40
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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.

Pension 59
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Kinleigh Folkard and Hayward gives staff one-off cost-of-living payment

Employee Benefits

We wanted to recognise their hard work and commitment, and we hope this payment will provide some assistance. “I I was extremely proud we were able to retain our workforce on their full salaries when the property market shut down during the pandemic, and I am proud we are in a position to support our people through another difficult period.”

Bonuses 59
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How to target financial wellbeing support to employees

Employee Benefits

Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees. As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.

Pension 98
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Two in five employees are working extra hours as cost-of-living crisis bites

cipHR

Faced with declining real incomes and mounting expenses, almost half (46%) of respondents have taken on additional hours at work, one in five (19%) now has a second job for extra income, and one in three (34%) has been actively job hunting for a higher salaried role. Williams adds: “Employers do have a tricky balancing act to achieve.

Food 52