Employee Benefits

JULY 26, 2023

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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HR Digest

DECEMBER 2, 2023

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality.

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Employee Benefits

MARCH 31, 2023

A well implemented employee benefits package helps to support your employees with many of their needs. There are some costs that come with implementing employee benefits but when it comes to the advantages your business and your employees gain, it’s more than worth it.

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Employee Benefits

MARCH 5, 2024

I’m proud of our reputation as a leading employer and that our colleague satisfaction levels rank in the top 5% of global employers. Currys offers a total remuneration and benefits package that includes bonuses, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits.

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CorpStrat

OCTOBER 13, 2022

Employees are now ranking healthcare as more important than salary increases. With healthcare insurance premiums rising again this fall, employers are faced with a unique challenge: revisiting the balance between salary increases, compensation, and benefits. Revisit your benefits package. Go Digital.

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Workplace Insight

JANUARY 16, 2024

Henley has also shared key advice for employers serious about doing better by their employees and responding effectively to demands: Embrace a workplace culture not built around homogeneity Businesses must make sure that packages and perks are tailored to the individual worker, allowing employees to opt-in to benefits that best work for them.

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Bayzat

APRIL 5, 2024

Factors Contributing to the UAE’s Talent Shortage Despite its thriving economy, below are factors contributing to the scarcity of UAE talent in the workforce: Unexpected Salary Expectations The 2022 Hays GCC Salary Guide shows that 21% of employers in the UAE struggle with candidates’ unrealistic salary demands.

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Employee Benefits

FEBRUARY 15, 2023

The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term. Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.

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HR Digest

DECEMBER 5, 2019

Salary negotiation is a completely normal and acceptable part of the employment process. Your salary is more than a figure that gets deposited in the bank account. If you love your job and want to keep it, there’s no question that you should negotiate a higher salary keeping these factors in mind. Image Credit: Freepik).

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Employee Benefits

MARCH 11, 2024

Employers can offer onsite nurseries , workplace nursery schemes, and subsidised and emergency care provisions to help with childcare. There are a variety of different flexible working options that employers could offer those who are struggling. In order to combat this, what can employers do to offer support?

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Employee Benefits

APRIL 23, 2024

Credit: ricochet64 / Shutterstock.com Tyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits.

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Employee Benefits

JANUARY 30, 2023

If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much. So, given the ever-growing list of benefits on offer, can an employer end up offering its workforce too much?

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Employee Benefits

FEBRUARY 15, 2022

Average salary has soared by almost £1,500 in the last year, official data has revealed. This shortage of workers is pushing salaries up,” he said. A good benefits package or strong environmental, social and governance (ESG) policies can make a difference,” he said. The number of people in employment was 1.5%

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Hppy

FEBRUARY 10, 2023

Following the Great Resignation and the ongoing pressure to bridge skills gaps, attracting and retaining talent is a key focus for many employers. Employers aren’t always in the power position anymore. All of your competitors are working hard for the same talent, but there is one way to stand out – employee benefits.

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Employee Benefits

FEBRUARY 8, 2022

DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees. Payments are made directly from gross salaries, creating savings on income tax and national insurance. “We are very excited about being able to help make electric dreams come true for our colleagues at DF Capital,” he said.

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InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% ” At the same time the labor market is still very tight, requiring businesses to continue offering attractive pay and benefit packages. .” copay plan). copay plan).

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PeopleStrategy

SEPTEMBER 17, 2019

To overcome this challenge, you need to do everything you can to make your company stand out in ways that your competition simply can’t match; offering a comprehensive benefits package is one of the best ways to reach that goal. While salary is still important (we all have bills to pay!),

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HR Digest

AUGUST 3, 2023

In 2023, the labor market was a wild rollercoaster ride for both employers and employees. According to a salary budget survey conducted by Payscale, more than three-fourths of U.S. companies were planning to increase salaries the same as or more than the previous year. Ah, the eternal tug-of-war between employers and employees.

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Employee Benefits

MAY 1, 2024

One-third (34%) of employers said health and wellbeing support is more important than ever to recruitment and retention, according to research by health and wellbeing firm Towergate Health and Protection.

Recruitment 69

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Employee Benefits

APRIL 16, 2024

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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Vantage Circle

SEPTEMBER 23, 2023

In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” ” In the next pages, we will explore the changing world of employee benefits. Employee benefits are the indirect and non-cash compensation paid to an employee.

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Employee Benefits

OCTOBER 25, 2023

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. Meanwhile, some employers offer support to allow employees to save on living expenditures such as energy and broadband.

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Employee Benefits

AUGUST 14, 2023

Schneider / Shutterstock.com The Watches of Switzerland Group has been accredited as a real living wage employer by the Living Wage Foundation. Philippa Jackson, HR director at The Watches of Switzerland Group, added: “We are proud to be a real living wage employer. for those based in London and £10.90 for the rest of the UK.

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Employee Benefits

SEPTEMBER 10, 2023

With the environment a core part of many organisations’ objectives, it can be a challenge to ensure that all business practices, including benefits, are maximising their opportunities to reduce carbon footprints. The switch to carbon neutral driving is helping more employers than ever before to remove polluting vehicles from their car parks.

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Wellable

NOVEMBER 1, 2021

Companies often provide employee benefits (compensation given to employees in addition to their wages or salaries) to increase talent attraction, retention, engagement, and overall job satisfaction. Despite their importance, contemporary benefits packages appear to be falling short.

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Employee Benefits

APRIL 19, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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InterWest Insurance Services

SEPTEMBER 12, 2023

If the proposed rules become permanent rules, employers will need to prepare their bookkeeping and budgets to account for the new salary caps for qualifying for overtime pay. What’s changing The exempt salary threshold will be bumped up to $1,059 per week, from the current $684.

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Employee Benefits

FEBRUARY 2, 2022

The experiences of the Covid-19 (Coronavirus) pandemic: business disruption, furloughed employees and extended, enforced working from home, have changed the employment relationship. HR professionals need to be proactive and reassess the benefits package on offer.

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Insperity

JANUARY 27, 2022

It’s one more way to signal that you’re an employer of choice. Job hunters typically compare fringe benefits their target companies offer – they’re an important factor in choosing an employer. At the same time, current employees may compare your offerings against a prospective new employer.

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Achievers

DECEMBER 16, 2019

And in many cases, it’s benefits offerings that seal the deal. For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. And for 75 percent, a good benefits package would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll.

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Employee Benefits

APRIL 25, 2024

Conscious quitting is a growing trend among socially conscious employees seeking equally socially conscious employers who contribute to the communities and environment in which they exist. Discover what EV car drivers really think about their green cars here: Save money & energy with Green Cars… our electric car salary sacrifice scheme.

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Employee Benefits

JANUARY 12, 2024

Pay transparency : From April, the EU regulation The Pay Transparency Directive will require all employers to introduce gender pay gap reporting or, in countries where this already exists, to broaden the scope of the requirements. Organisations that mandate a return to the physical workplace are expected to lose talent as a result.

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Employee Benefits

JANUARY 16, 2023

Professional services firm Moore Kingston Smith looks to balance salary, recognition and benefits equally as part of its holistic approach to its people and their reward. We know from regular listening that our people value the wider benefits we offer as much as they do our competitive pay and benefits package.”.

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HR Digest

MAY 29, 2023

As an employer one needs to understand what fringe benefits are. Fringe benefits are the additional compensation that companies offer to an employee, over and above the salary for doing a particular work. The importance of fringe benefits can be explained, simply put as a great motivators.

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Employee Benefits

FEBRUARY 6, 2022

In a hybrid-working, employee-driven environment, employers need to be prepared for anything. The pandemic has changed everything about the way we work and, with it, shifted the balance of power between employee and employer. This power balance is always changing: in previous years, the employer appeared to hold all the shots.

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HR Digest

MAY 6, 2023

Employer Branding: Your employer brand is a critical aspect of attracting top talent. It’s the company’s reputation as an employer and the perception of your workplace culture. LinkedIn, Facebook, Twitter, and Instagram are all great platforms to showcase your employer brand and job openings.

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Employee Benefits

MARCH 9, 2023

A recent survey found that 70% of employees said saving money was the top priority when it came to benefits offered by their employer. And the same survey found that X of employees w So, companies that don’t offer good benefits risk losing their best people. A benefits package supports employees and improves their wellbeing.

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