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What is a section 125 plan?

PeopleKeep

Many employers find it challenging to provide a budget-friendly and attractive benefits package. Employers wanting to compete for top talent can offer section 125 plans as a fringe benefit to help attract and retain employees. Check out our complete guide to fringe benefits to learn more about various employee benefits.

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Currys increases salary for 10,000 staff and boosts minimum pay rates

Employee Benefits

The retailer has additionally increased minimum pay rates , which will rise to £11.50 Over the past three years, Currys has increased its minimum hourly pay by 29%. This increase in take-home pay will mean that the annual earnings of an employee who works 20 hours a week will have risen by nearly £2,700 over the three-year period.

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Bupa Global and UK introduces health benefits for 15,000 frontline staff

Employee Benefits

Bupa Global and UK has launched a primary care health support package for its 15,000 frontline UK employees, working in Bupa care homes and dental practices. The MyHealthcare benefits package was launched as part of the health insurance provider’s global ambition to enhance health benefits for all of its employees.

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5 ways to alleviate your employees' hesitations with choosing in an FSA

WEX Inc.

Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. Illustrate how pre-tax contributions lead to significant savings over time, effectively reducing the impact on take-home pay. Want to learn more about how you can support your employees?

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

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What does it mean to be an employer of choice in today’s labour market?

Employee Benefits

Benefits that can greatly reduce financial burdens and improve financial wellbeing, such as cashback schemes and greater access to financial resources to help budget, can be helpful to stretch take-home pay as much as possible,” she says.

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What does it mean to be an employer of choice in today’s labour market?

Employee Benefits

Benefits that can greatly reduce financial burdens and improve financial wellbeing, such as cashback schemes and greater access to financial resources to help budget can be helpful to stretch take-home pay as much as possible,” she says.