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 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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Business Management Daily

SEPTEMBER 15, 2021

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal.

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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. Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies. Here, other forms of monetary compensation are useful as well.

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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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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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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. Employees like choices!

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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. HOW TO NEGOTIATE YOUR SALARY.

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Employee Benefits

FEBRUARY 15, 2023

“The people we know are feeling the pinch are younger age groups and lower paid people, those people embarking on building careers, who don’t always have the most robust benefits anyway. A cash plan is the perfect benefit, because it’s very affordable for the [employer], a fraction of the salary bill.”

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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. This is up 6.3%

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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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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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Employee Benefits

APRIL 16, 2024

Two-fifths (40%) believe that providing additional financial support could stop employees leaving their organisations, while 57% of employees have sought financial coaching or education in the past six months outside of their benefits package. Paying a fair salary is not enough.

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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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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. 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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HR Digest

AUGUST 3, 2023

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. The survey also revealed that 22% of companies intended to cut the amount dedicated to salary increases in 2024, a significant jump from the previous year.

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Abel HR

JUNE 18, 2020

And then they ask about salary and it’s as if all the air has been sucked out of the room. But do these conversations about salary always have to be so awkward or is there a way to address the issue tactfully and tastefully without creating a moment from which you and your candidate can never recover?

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Employee Benefits

OCTOBER 25, 2023

Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. A good benefits package is the most important thing that 42% of employees look for in employment, according to June 2023 research by benefits provider Zest.

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Workplace Insight

JANUARY 16, 2024

Lone Rangers (14 percent) are focused on salary and location. They are motivated by high salaries and the opportunity to work remotely. Salary-driven Weekend Workers (13 percent) are motivated by the salary range on offer and show a willingness to work long hours including weekends to achieve a high salary.

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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. Employers that don’t raise exempt salaries to meet the new caps will have to pay overtime to those who work more than eight hours a day or 40 hours in a week.

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Employee Benefits

JANUARY 12, 2024

In addition, employers will be required to publish the salary range for each advertised job role and to stop asking candidates about their current and past salaries. Updating benefits packages: There are also myriad opinions around the type of benefits packages employers will offer over the coming year.

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Employee Benefits

MARCH 9, 2023

It’s estimated that losing an employee can cost a company 1.5 – 2 times the employee’s salary. One way to do that is by offering a great benefits package to employees. According to research by Willis Towers Watson, 75% of employees are more likely to stay with their employer because of the benefits package.

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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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Professionals Alternative

DECEMBER 22, 2023

Creating Competitive Benefits Packages to Attract Top Talent In a competitive market, attracting top executive talent requires more than just offering an attractive salary. Executives are looking for companies that offer a comprehensive benefits package that aligns with their personal and professional goals.

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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. Keep employees motivated.

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Employee Benefits

FEBRUARY 15, 2023

“People make a real choice now about what kind of [business] they want to work for, and when that’s added that to the cost-of-living issues, they’re looking for great pay , and the wider benefits package is becoming more and more important.”

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Professionals Alternative

JUNE 8, 2023

Salary Expectations Mismatched salary expectations can lead to job rejections, as candidates may be unwilling to accept a lower salary than they anticipated. Solutions: Be transparent about salary ranges in job postings and during the interview process to avoid misunderstandings.

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Workplace Insight

NOVEMBER 27, 2023

According to a new poll from United Culture , salary is what makes most people feel fulfilled at work. Salary was most likely to be perceived as the key factor in workplace fulfilment by older employees (58 percent of those aged 45-54 and 70 percent of those aged 55-54).

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HR Digest

MAY 6, 2023

Competitive Salary and Benefits: Salary and benefits packages are crucial in attracting top talent. HR professionals must ensure that their salary and benefits packages are competitive and meet the market standards. Here are some practical tips for attracting top talent: 1.

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Employee Benefits

JANUARY 30, 2023

As organisations look to build a package that positions them as an employer of choice in a competitive recruitment masrker, as well as supporting employees in key areas of their lives, it can be easy to end up with a bulging benefits package. Benefits that help employees’ salaries go further have also become a priority.

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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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HR Lineup

JANUARY 16, 2023

Salary.com is a website that provides detailed information on salaries, benefits, and job market trends for a wide range of industries and positions. The site is designed to help job seekers and employers alike gain a better understanding of what to expect when it comes to compensation, benefits, and job market conditions.

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Insperity

JUNE 8, 2023

How do you know the competitive salary range for each position at your company? Compensation benchmarking is the process by which compensation professionals on your human resources (HR) team analyze salary data in the marketplace for each specific job at your company. The answer: Compensation benchmarking.

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Employee Benefits

APRIL 19, 2023

Then, as personalisation and flexibility became more the norm, allowing employees to tailor pick and choose their own perks from a broader set, sign up for salary sacrifice schemes, trade holiday days for cash, and more, the simple information hub had to evolve even further. Who are the main players?

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Insperity

SEPTEMBER 21, 2023

59% of employees feel their salary has not maintained pace with the rising cost of living. You also don’t want to have to continually replace people who leave for a better salary – it’s costly and time consuming to recruit and train new employees. But increased salaries may not always be feasible.

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PeopleKeep

MAY 17, 2021

When it comes to recruiting and retaining employees, your benefits package is a top deciding factor for job prospects when they’re looking for a new employer. Research for the 2021 Robert Half Salary Guides reveals that a retirement savings plan is in the top five most common benefits offered by employers in the U.S.,

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HR Digest

APRIL 5, 2023

A positive workplace experience goes beyond salary and benefits and encompasses the overall culture, work environment, and employee engagement. Offer Competitive Salary and Benefits Salary and benefits are still essential components of the employee experience.

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