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40% of UK staff would choose a job with lower salary but generous benefits

Employee Benefits

Two in five (40%) UK employees admitted they would choose a job with a lower salary but generous employee benefits , according to research from MetLife UK. Adrian Matthews, head of employee benefits at MetLife UK, said: “Benefits are becoming increasingly more important to employees, and rightly so.

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48% of employers have invested in benefits due to economic climate change

Employee Benefits

Nearly half (48%) of employers have boosted investment in their benefits package over the last 12 months in response to economic climate changes, according to research by benefits provider Zest. Salary (46%) was the next largest factor, followed by demands for better employee benefits packages (43%).

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How can voluntary benefits support employees in uncertain times?

Employee Benefits

Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. A good benefits package is the most important thing that 42% of employees look for in employment, according to June 2023 research by benefits provider Zest.

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India’s Payroll Processing: A Comprehensive Step-by-Step Guide

Qandle

It involves the systematic and accurate calculation of employee salaries, ensuring timely disbursement, and complying with various legal and regulatory requirements. The payroll team should deduct salary for leaves taken beyond the allowed quota, ensuring that the final payment is accurate.

Payroll 98
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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. We want to get employees to see what is on offer and how much they can save,” said Llewellyn. “It

Pension 59
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56% of staff rely on workplace benefits to buy essential items

Employee Benefits

More than half (56%) of employees rely on workplace benefits to purchase essential items, a 31% increase from the previous year, according to research by Blackhawk Network (BHN) Extras. The employee benefits provider. Paying a fair salary is not enough. Younger generations are frustrated with current benefit packages.

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How are rising costs influencing employers’ benefits strategies?

Employee Benefits

What they’re really doing is making sure they’re getting the most value out of their benefits.” Reward teams can also look at benefits providers’ data to find out what benefits people are accessing. That will benefit [the] employer as well.” “So that’s quite an interesting one. .