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. Paul Shires, commercial director at Health Shield Friendly Society, says: “Inflation is naturally having a profound impact in every way.

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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. “It was a natural extension to our benefits package as it aligns to our social conscience and sustainability ethos.

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Salary Banking Transportation Pension 59

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 organisation has embraced the salary sacrifice scheme and coupled it with an EV grant to make the scheme even more affordable.

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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. The TRS outlines what employee benefits have been on offer for the past 12 months. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

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Retail Overtime Pension Benefits Package 105

Employee Benefits

FEBRUARY 27, 2024

Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. As part of an £89 million investment, from 1 April the rate of pay for its 40,000 UK customer assistants will increase from £10.90 to £12 per hour, a 10.1% rise from last year.

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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. Centrica focused on communication in order to increase employees’ engagement with the benefits they have.

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Employee Benefits

OCTOBER 10, 2023

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has announced that it will increase its minimum salary for frontline operations employees as part of a £170 million investment as of 15 October. Minimum starting pay for all full-time, part-time, temporary and seasonal roles will rise to between £11.80 and £12.50

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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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Outsourcing Payroll Pension Benefits Package Payroll 90

Vantage Circle

SEPTEMBER 23, 2023

Highlights Meaning of employee benefits Imoprtance of employee benefits Types of employee benefits Legally mandatory benefits Popular employee benefits Creative and budget-friendly benefit ideas What Are Employee Benefits? These benefits are given to employees over their salaries and wages.

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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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Pension Benefits Package Salary Employee Benefits 105

Empuls

SEPTEMBER 28, 2023

In this blog, we have described everything from the best employee benefits in the UK to the way an employee benefits package can be designed for employees, the legal regulations, tax compliance and other nuances with regard to the subject. Pensions are a compulsory benefit provided by employers in the UK.

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Best Money Moves

MARCH 11, 2024

Making these benefits as inclusive as possible is another factor to consider. Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave.

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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. Any organisation’s needs will change as it grows, whether that is premises, staffing or employee benefits strategies. A more mature strategy is likely to include an element of choice so employees can opt for what is important to them.

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cipHR

MAY 4, 2022

For over two-thirds (67%) of the 1,001 people polled, sick pay is the employee benefit that they value most, followed by flexible working hours (57%) and pension contribution matching (46%) – where employers offer to match employees’ pension payments on top of the minimum auto-enrolment requirements. Market-value salary (26%).

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Employee Benefits

MARCH 8, 2023

Employers can also look at ways of improving their benefits packages, such as offering travel cards, parking contributions to help reduce costs when visiting the office, as well as gym memberships and discounts on restaurants and days out, to encourage staff to enjoy their time away from work and manage a healthy lifestyle.

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Employee Benefits

FEBRUARY 14, 2024

Whilst employees can still choose to retire early, if they have the means, they won’t be able to access their government pension till much later. With the retirement age continually increasing, many UK employees rely on their salary for longer. Have you watched our podcast ‘Reducing absenteeism & helping employees stay healthy’?

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HR Digest

MAY 22, 2021

Here is a guide on what to look for in an ideal total compensation package. Your compensation package plays a monumental role in where you end up working in the future. Oftentimes a higher salary might not actually mean more money in your pocket. Retirement benefits – include 401(k)/403(b), pension plans, etc.

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Employee Benefits

APRIL 17, 2024

Some may be struggling with problem debt and need debt advice, others may be interested in knowing more about pension services, some may crave products and services that stretch their money further in the long term, and many employees may desire all of this.

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HR Digest

FEBRUARY 10, 2020

The benefits provided by this organization are fruitful for its workers. This organization provides industry standards tuition assistance for the employees in addition to excellent benefits and good salaries. The benefits package from this company is excellent in addition to the industry standard tuition assistance.

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cipHR

JULY 30, 2020

If we pay our people their agreed wage, salary or bonus, on time, and accurately, isn’t that enough? In February 2020, the Money and Pension Service (MAPS) rolled out a 10-year strategy for financial wellbeing , which identifies workplaces as a key channel through which the UK can become financially healthier.

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Pension Salary Health Insurance Education 59

Employee Benefits

FEBRUARY 4, 2022

The FCA last year set out proposals to increase base pay by 2% this April for workers “clearly meeting or exceeding their objectives” It also consulted on scrapping annual discretionary bonuses from that point and introducing changes to benefits packages.

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Business Management Daily

APRIL 25, 2023

Development opportunities, competitive compensation, and attractive benefits packages are also perks the best talent actively looks for. According to a poll from Skynova , 7 in 10 respondents felt that salary is the most important aspect of a job posting, followed by information about the benefits package.

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cipHR

APRIL 22, 2022

While raising salaries in line with – or above – inflation is one solution, there are many other ways that organisations can provide their people with support to improve their financial wellbeing. Pay: real living wage, and salary increases. Pensions contributions. Salary sacrifice. Pensions contributions.

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Hppy

DECEMBER 25, 2023

Yet when they feel engaged at work due to great benefits programs, they are much less likely to seek a job with different companies in the next 12 months. As you can see, retaining key players in your team means more than just paying competitive salaries. Other perks are pivotal in this context. It appears so!

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Employee Benefits

NOVEMBER 21, 2022

To engage employees with a reward package , it needs to be clearly communicated, easy to understand and impactful in order to show its true value. The increasing use of personal devices to access benefits means that digital methods are often more effective. Staying on trend with current issues.

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Empuls

APRIL 28, 2023

Employee benefits are a crucial part of any organization's overall compensation package. While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. What are employee benefits?

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

Bayzat

FEBRUARY 15, 2024

With an ESS portal, you can manage your personal information, track your time and leave, review your pay and benefits, and much more, all at your fingertips. Payroll Management View payslips, salary breakdown, and tax information securely. Update bank details and request salary advances if applicable.

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Empuls

MAY 7, 2023

In this comprehensive guide, we will explore what employee benefits, their importance, and types, and how to design an effective program. What are employee benefits? Employee benefits are a set of incentives, perks, and privileges an employer provides to their employees in addition to their regular salaries and wages.

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cipHR

NOVEMBER 13, 2023

And that covers everything from a limited HR or talent team, the benefits packages you can offer candidates, or even your ability to invest in recruitment software and advertising on job boards.” In fact, two-fifths of UK employers currently have hard-to-fill vacancies, according to the August 2023 CIPD Labour Market Outlook.

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Empuls

OCTOBER 4, 2021

"How do we create compensation and benefits programs that can help us to attract the right talent, retain that talent, and help to engage that talent now and in the future?" Components of the total rewards system So, how do you know you’ve nailed it with your total rewards package? Social shout-outs. Total Rewards (Why).

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Business Management Daily

MARCH 21, 2022

It is one of the most highly regulated employee benefits. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. However, it’s also one of the most important. What is a 401(k)?

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Bayzat

JULY 14, 2023

In one of our surveys, 46% of workers said that the Covid-19 pandemic made them reappraise the value benefits on offer, with nearly two-thirds unhappy with their current benefits package. Keep in mind that compensation isn’t just about the daily salary. The competition for talent is heated. Take payroll as an example.

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Payroll Benefits Package Technology Insurance 52

Vantage Circle

AUGUST 23, 2018

Not to forget that many employees apply for organizations depending on the perks and benefits offered by that company. Business Dictionary defines Employee Benefits as the. These are benefits given over and above salaries and wages. An extension of this benefit is providing unlimited vacation. Paid Vacation.

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Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Asure Software

FEBRUARY 8, 2016

Benefit and salary packages should be generous with some unique bonuses involved to peak applicants’ interests. The standard medical and dental package won’t pull in the most talented applicants. For the Millennial worker, personal and family time is more important than high salaries and benefits.

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Hppy

DECEMBER 17, 2020

Offer competitive salaries. Offering training to employees will benefit an organisation in several ways. Hiring the right employees takes time and can be costly, both in terms of the recruitment fees, time taken to interview and the onboarding and training process. People want to be rewarded fairly for the work they do. Offer training.

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Vantage Circle

AUGUST 23, 2018

Not to forget that many employees apply for organizations depending on the perks and benefits offered by that company. Business Dictionary defines Employee Benefits as the. These are benefits given over and above salaries and wages. An extension of this benefit is providing unlimited vacation. Retirement Benefits.

Employee Benefits 45

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 45

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. It also wanted to provide visibility of all benefits to its workforce and encourage them to review these on a regular basis.

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