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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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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. Losing the jargon will make the language of pensions easier to understand and more relevant to staff. They could invest in financial coaching for a more personal approach to pensions education.

Pension 111
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Do total reward statements still engage employees with their benefits packages?

Employee Benefits

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them. appeared first on Employee Benefits.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

By enhancing benefits packages with an emphasis on physical, mental, financial and social well-being, employers can channel these concerns into action. Seven in 10 employees surveyed told MetLife researchers that a flexible, customizable benefits package would increase their loyalty to their employer. Accident insurance.

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How is the cost-of-living crisis affecting what employees want from their benefits packages?

Employee Benefits

Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay. Many providers of existing benefits, such as pensions , will have education modules to increase awareness of the financial provisions on offer.

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How to implement flexible pension policies

Employee Benefits

Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future. In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable. One thing that might feel set in stone is pension contributions.

Pension 64
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UK employers could spend up to £15bn on benefits staff do not want

Employee Benefits

UK employers could be spending up to £15 billion a year on employee benefits that do not resonate with their staff, according to research by Isio and YouGov. However, those who thought their benefits package met none or very few of their requirements were 60% more likely to quit.

Pension 64