HR Digest

AUGUST 1, 2019

Amazon, Costco and Walmart, have bumped paychecks, Glassdoor’s Employment Confidence Survey found that 4 in 5 employees would choose additional benefits over a pay raise. Most employee benefits and perks do not come cheap and costs can snowball as your company expands. While some businesses, like JPMorgan Chase & Co.,

Benefits Package 81

Benefits Package Health and Welfare Financial Counseling Parental Leave 81

Empuls

OCTOBER 4, 2021

Variable pay. Supplementary pay. Health Insurance. Retirement benefits. Legal benefits. Variable pay - Also called ‘pay at risk,’ this part of the salary package has to be ‘earned’ by meeting or exceeding certain defined criteria. Only hard work pays off!

Bonuses 52

Bonuses Paid Leave Salary Benefits Package 52

Vantage Circle

AUGUST 23, 2018

Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises. So, what non-monetary benefits can you provide to retain these employees? Health Insurance. Disability Insurance.

Employee Benefits 45

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 45

Vantage Circle

SEPTEMBER 5, 2019

Chamber of Commerce Foundation Foundation found that "more than half of millennials (56%) agreed that a quality benefits package influences their choice of employers, and 63% say that benefits are an important reason for staying with an employer." A study by the U.S. But employees nowadays want instant gratification.

Health Insurance 56

Health Insurance Paid Vacation Employee Retention Insurance 56

Vantage Circle

JULY 5, 2019

Consider the 401K plan, which is also a financial benefit existing way before than other benefits that organizations opt for. In the wake of the Great Depression, employers started to add benefits package not only to retain and attract best talents but also in order to support their employee's personal needs and goals.

401(k) 90

401(k) Retirement Plan Finance Education 90

Vantage Circle

SEPTEMBER 28, 2018

Safety Needs – Retirement plans, sick leaves, health and wellness programs, insurance plans, job security. In the workplace : Employers provide extrinsic motivation in the form of pay raise and other benefits. The benefit of this motivation is you can make benefits direct and quantifiable.

Food 70

Food Pay Raise Retirement Plan Architecture 70

Vantage Circle

SEPTEMBER 28, 2018

Safety Needs – Retirement plans, sick leaves, health and wellness programs, insurance plans, job security. In the workplace: Employers provide extrinsic motivation in the form of pay raise and other benefits. The benefit of this motivation is you can make benefits direct and quantifiable.

Food 49

Food Pay Raise Retirement Plan Architecture 49

Higginbotham

OCTOBER 14, 2022

This can be done through salary and wages, but it can also be done through benefits, and the latter can be better in some ways. A Glassdoor survey found that 80 percent of employees prefer additional benefits over a pay raise. To be competitive, it makes sense to offer employee benefits. It can be very expensive.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Hppy

FEBRUARY 26, 2021

Paying some employees more than others for the same job will not only harm morale, but it can be illegal if the disparity is based on factors like gender or age. . Benefits package – Ensure a competitive benefits package as well. Extra holidays might be offered to executives for securing a critical deal.

Benefits Package 48

Benefits Package Paid Vacation Pay Raise Media 48

Empuls

OCTOBER 9, 2023

Tangible rewards, such as bonuses or pay raises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars. But beyond the basic salary, comprehensive benefits can be the deciding factor for many professionals.

Healthcare 52

Healthcare Employee Retention Family and Medical Leave Act Hospitality 52