Employee Benefits

JANUARY 18, 2023

Global technology organisation Siemens, which employs approximately 7,000 employes in the UK, believes it is important for its younger employees to understand that pension saving is most effective when they start early on. “We also use our internal social platform Yammer to promote pension messages within Siemens.”

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Employee Benefits

SEPTEMBER 18, 2023

Private medical insurance (PMI) has become the most important perk that employees look for in their benefits package, according to new research by Zest. Employers need to take note of this demand and look at how they can adapt their benefits offer to meet the current needs of employees, if they are to attract and retain talent.”

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Employee Benefits

APRIL 28, 2023

Cornish charitable housing association Coastline Housing has received living pension accreditation from the Living Wage Foundation. Launched last month , the living pension is a voluntary savings target for employers who want to help workers build up a pension that will provide enough income for everyday needs in retirement.

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InterWest Insurance Services

AUGUST 30, 2022

Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Thanks to the Great Resignation, employees are demanding more from their current and prospective employers. ‘Must-have’ benefits. Defined benefit pension plans. Dental insurance.

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Employee Benefits

JANUARY 12, 2024

More than a third (36%) of British employees will continue working past state pension age because they do not think their pension will cover their day-to-day expenses , according to research by Canada Life. million employees. Meanwhile, 34% have been swayed to take a job because of a competitive benefits package.

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Employee Benefits

MAY 29, 2023

Employee benefits are an important aspect of any job, but can be overlooked when thinking about changing roles. Depending on those on offer, benefits can be just as valuable as a pay rise , and in some cases, even more valuable. So what constitutes a good employee benefits package?

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Employee Benefits

FEBRUARY 6, 2023

EXCLUSIVE: Employers which have offered effective benefits packages to support employees with hybrid working are, for the first time, in with a chance of winning an accolade at the Employee Benefits Awards 2023. The final deadline for entries is Friday 10 February.

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Employee Benefits

FEBRUARY 8, 2024

HR, reward and benefits professionals who want to be in with a chance of winning at the Employee Benefits Awards 2024 have just one day left to enter. There are 22 categories available to enter across a wide range of categories, including financial wellbeing , pensions, healthcare, employee engagement and mental health.

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Employee Benefits

APRIL 23, 2024

Half (51%) of employees want to see their employer invest more in sustainability, rising to 61% among younger workers aged 18-34, according to research by employee benefits technology provider Zest. The post 51% of employees want their employer to invest more in sustainability appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 15, 2023

Many providers of existing benefits, such as pensions , will have education modules to increase awareness of the financial provisions on offer. Financial education and wellbeing For those employers wary of hiking pay to unsustainable levels, the alternative might be to bolster their approach to financial education and wellbeing.

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Employee Benefits

JANUARY 21, 2022

Social care provider Praxis Care has introduced a new pay and benefits package for its 1,800 employees, as well as extending Covid-19 (Coronavirus) recognition payments to all. The post Praxis Care launches new pay and benefits package appeared first on Employee Benefits.

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Employee Benefits

MARCH 13, 2023

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.

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Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important?

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Employee Benefits

APRIL 11, 2024

Credit: ML Robinson / Shutterstock.com Newcastle Building Society has rolled out a flexible benefits platform for its more than 1,000 employees in order to boost engagement with its benefits package. The post Newcastle Building Society rolls out flexible benefits platform appeared first on Employee Benefits.

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HR Digest

MARCH 11, 2023

The world of international pension and savings plans is expanding at a breakneck pace, with both the demand for these plans and the assets they manage skyrocketing. For many expatriate workers, international pension plans offer a lifeline they simply can’t do without. And the top countries for workers on these plans?

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Employee Benefits

FEBRUARY 8, 2023

EXCLUSIVE: A public sector organisation that has implemented a successful benefits package has the chance to enter a dedicated award category at the Employee Benefits Awards 2023. The post EXCLUSIVE: Public sector category open at Employee Benefits Awards 2023 appeared first on Employee Benefits.

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Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

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Employee Benefits

NOVEMBER 10, 2023

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.

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Employee Benefits

JANUARY 4, 2022

Pay is one way but employee benefits and reward packages are another major focus. Flexible working, mental health and social value are all in demand but some are questioning the use of more ‘gimmicky’ benefits. Instead, reasonable remuneration packages must work in tandem with additional rewards programmes,” she says.

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HR Professionals Magazine

FEBRUARY 3, 2024

By Chuck Stinson The McGriff Retirement Benefit Survey, a follow-up to our 2023 National Benefit Trend Survey, provides a comprehensive view of retirement plan trends across a diverse landscape of industries and company sizes. The responses to the defined benefit plan portion of the survey further supports these views.

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Global People Strategist

JANUARY 4, 2021

In Japan, employee benefits are of extreme importance because of fierce competition in the search for top talent. Japanese employees are picky when selecting employers and are always on the lookout for a place with the most generous benefits packages.

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Employee Benefits

JANUARY 15, 2024

Aimed at employees aged 45-65 years old, it offers a health, wealth and career progression check ahead of their retirement. Employers can offer this tool to employees through benefits providers, while the Department for Work and Pensions has a dedicated website.

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Hppy

DECEMBER 25, 2023

In the persistent battle for talent, appreciating the influence of employee benefits on retention rates can give HR professionals the upper hand. Why Employee Benefits Matter in HR In human resource management, employee benefits are critical components. Other perks are pivotal in this context.

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Employee Benefits

NOVEMBER 20, 2023

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

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Employee Benefits

MARCH 5, 2024

Currys offers a total remuneration and benefits package that includes bonuses, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits. The post Currys increases salary for 10,000 staff and boosts minimum pay rates appeared first on Employee Benefits.

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Empuls

APRIL 28, 2023

And one of the key factors that can make a difference for employees is the benefits they receive. Employee benefits are a crucial part of any organization's overall compensation package. Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated.

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Employee Benefits

MARCH 21, 2023

The last few years have caused many to reflect on how we spend our time, leading to employers having to re-evaluate their employee benefits package. David McCormack, CEO , HIVE360 , explains it’s important to first understand what benefits and support employees value the most.

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Employee Benefits

FEBRUARY 27, 2024

But creating a great place to work isn’t just about pay; it’s about the overall package and [employees] feeling valued and able to be their best. A huge thank you to our 65,000 [employees] for their continued hard work.” The post Marks and Spencer enhances pay and family leave policies appeared first on Employee Benefits.

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Employee Benefits

SEPTEMBER 10, 2023

Some of Tusker’s customers have shared their experiences on the impact of the car benefit scheme on their organisation’s benefits packages. We’re proud to be offering our employees the opportunity to drive a brand new zero emission electric car and make savings while doing so.

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Employee Benefits

JANUARY 2, 2023

Need to know: The use of artificial intelligence (AI) and automation in employee benefits is growing. This can help employees receive personalised recommendations. Employers can also benefit from greater insight around benefit schemes. The post Will automation and AI revolutionise the world of benefits in 2023?

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Empuls

MAY 7, 2023

As an employer, you are responsible for keeping your employees happy, motivated, and engaged. One of the ways to achieve this is by implementing an effective employee benefits program. Employee benefits programs are an integral part of any organisation's compensation plan. What are employee benefits?

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Employee Benefits

OCTOBER 4, 2023

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 feel that we pay [employees] fairly and are also giving them money back, so it’s a win-win,” said Dickman.

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Employee Benefits

OCTOBER 10, 2023

The post Amazon increases UK minimum starting pay appeared first on Employee Benefits. These are just some of the reasons people want to work at Amazon, whether it’s their first job, a seasonal role or an opportunity for them to advance their career.”

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Employee Benefits

OCTOBER 11, 2023

Tech platforms and channels enable employees to share their thoughts about their employee experience, including benefits, at any time, providing a continual source of valuable feedback. When it comes to employee engagement , retention and performance, the employee benefits package plays a crucial role.

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Employee Benefits

JULY 12, 2023

Need to know: As businesses grow, it is vital that their employee benefits strategies also evolve. A more mature strategy is likely to include an element of choice so employees can opt for what is important to them. The post How to upscale a benefits strategy to align with business growth appeared first on Employee Benefits.

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Employee Benefits

JULY 18, 2023

For businesses, it is essential to keep productive employees engaged while helping those who are less efficient to become more eager to contribute to the organization’s growth. Six strategies for boosting workforce engagement Enhancing workforce engagement isn’t just about selecting the most enticing employee benefits package.

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Employee Benefits

JUNE 9, 2023

The top 10 most valued benefits that help with financial wellbeing and provide protection against illness and injury were life insurance, health screening, critical illness insurance, dental insurance, pension, private medical insurance, childcare vouchers and income protection.

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