Employee Benefits

JANUARY 16, 2023

Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up. Alongside one-off payments and pay rises, employers may want to consider investing in a long-term strategy to ensure the financial wellbeing of their employees. Pay strategy changes.

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Employee Benefits

JULY 18, 2023

for failure to give employment particulars and £7,035.75 for failure to give employment particulars and £7,035.75 The employment tribunal judge argued that this only entitled the firm to alter or revoke it without notice in advance of each quarter. Lightfoot-Webber will be awarded £12,878.04

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HR Lineup

MAY 22, 2022

In addition, workers operated organizational tasks remotely, and now that things are returning to normalcy, employers are wondering how to secure their staff and keep a healthy environment. Therefore, to create awareness and insight, we’ve discussed the employer’s mandatory vaccine policies and how they affect employees.

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Employee Benefits

MAY 20, 2024

This award was created to recognise an organisation that uses its benefits package to position itself as an attractive employer beyond offering its own products and services to its workforce. It is only open to internal HR teams of employee benefits providers, suppliers, advisers and consultants.

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Employee Benefits

AUGUST 3, 2023

The firm decided to implement the pilot following a consultation with staff and clients, who were supportive of the idea. The pilot follows the Singaporean government encouraging employers to do more to adopt flexible-working arrangements where possible for their workforce.

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Employee Benefits

MARCH 7, 2022

With the ‘great resignation’ well underway, employers are having to think more about how they can retain staff. According to Aon’s Benefits and trends survey , published in January 2022, 81% of employers either have or are looking to develop an EVP to differentiate themselves, an increase from 71% in 2021. Embed core messages.

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Employee Benefits

MARCH 27, 2024

Healthcare and wellbeing Private medical insurance (PMI) scheme, employer paid for head office and field teams. App which includes access to digital GP services, mental health and nutrition consultations, second medical opinions and an annual health check. Health cash plan through flexible benefits scheme. Free tea and coffee.

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HR Digest

JULY 19, 2022

According to the latest Salary Budget Planning Report by consulting firm Willis Towers Watson (WTW), companies are planning record pay rises for the next year. Employers are offering the biggest hike since The Great Recession. These factors are often not captured in salary budgets but they show an increase in employer spending.

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Vantage Circle

SEPTEMBER 23, 2023

Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” In the dynamic arena of modern employment, employee benefits aren’t just perks; they are essential components of a thriving organization. Stershic, Workplace Consultant. In 2023, employee benefits are important for businesses.

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Employee Benefits

FEBRUARY 26, 2024

Employee retention is an ongoing theme for employers and HR professionals, and for good reason. Answer just three questions, and we’ll reveal your employer turnover risk. Employee turnover 64% of employers consider the cost of recruiting fresh skills to be a considerable financial risk over the next two years.

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Employee Benefits

AUGUST 7, 2023

Therefore, employers need to be able to earn the trust of this contingent by being transparent and authentic about pay. Generation Z employees, those born from 1995 onwards, typically want to understand how work is going to fit into their life, rather than the other way around, explains Sarah Jefferys, head of reward consulting at Gallagher.

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HR Digest

DECEMBER 2, 2023

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. Bonuses for top performers and performance reviews with the chance of a hike are also good motivators.

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Employee Benefits

MARCH 3, 2022

Under the terms of its new employment offer, which is designed to reward consistent performance , aid career development and close pay gaps, around 800 of its lowest paid employees will receive a salary rise of £4,310 to a new minimum pay benchmark. From next year, discretionary cash bonuses will no longer be paid.

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Employee Benefits

FEBRUARY 28, 2024

Initially, employers should identify what they want a recognition scheme to achieve. Employers can offer employees public verbal recognition , awards, bonuses, vouchers, stipends and spending accounts. This suggests that employers are trying but sometimes miss the mark.

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HR Management Activities

AUGUST 1, 2023

As Figure shows, the common components of executive compensation are salaries, annual bonuses, long-term incentives, supplemental benefits, and perquisites. As an example, a retail chain with over 250 stores ties annual bonuses for managers to store profitability. Bonuses for executives can be determined in several ways.

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Employee Benefits

APRIL 27, 2023

Members of the Royal College of Midwives (RCM) in England have voted to accept the NHS’ latest pay offer, following a consultation earlier this week. Alice Sorby, director of employment relations at the RCM, said: “The offer was not perfect, and it was not everything we asked for or that midwives and MSWs deserve.

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Business Management Daily

APRIL 25, 2024

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. Employers can use this to their favor by distinguishing themselves as a desirable place to work. Various factors can influence lease value.

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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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Employee Benefits

NOVEMBER 7, 2022

First, an employer might choose to implement a reward and recognition scheme that counts as ‘free money’ for their staff. This might be points based, or ad-hoc rewards, whereby the employer can provide a perk, such as a free cup of coffee, at a relatively low cost to them, and as a free incentive to the employee. What are the benefits?

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Hireology

JUNE 1, 2020

Given the impact of the pandemic, many people who are eager to get back to work also have family commitments – such as caring for children who are out of school or checking in on older relatives – so they will be looking for job opportunities with employers who are empathetic to these personal priorities. . for example.

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 18, 2022

In this episode of The Proskauer Benefits Brief, Proskauer partner David Teigman , senior counsel Nick LaSpina , and special guest Michelle Garrett , a principal at the compensation consulting firm Semler Brossy, discuss employee retention. Tune in as we discuss what employers can do to help retain employees in this working environment.

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Employee Benefits

JANUARY 4, 2022

Need to know: The ‘Great Resignation’ is underway, forcing employers to work even harder to attract and retain staff. Research published by benefits provider Unum in December 2021, meanwhile, found 40% of staff who quit their job say a better employee benefits package would attract them to a new employer. Freedom to choose.

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BerniePortal

JANUARY 31, 2020

It focuses on the Human Resources issues facing small and medium-sized employers while tackling topics like benefits, compliance, onboarding, offboarding, payroll, and more! He delivers clear answers and best practices to your most pressing HR problems. Engaging People Podcast. Perfect for a long commute! DriveThruHR. Let's Fix Work.

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cipHR

MAY 30, 2019

In a recent CIPHR webinar , Kerri Constable, associate director at RSM UK, explained the challenges that employers faced in analysing their pay gaps, and offered advice on how to make the reporting process more efficient and accurate. Accuracy is a big challenge for employers who have to report their gender pay gaps.

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Vantage Circle

AUGUST 2, 2023

Employee perks refer to additional benefits, incentives, or advantages provided by an employer to their employees, beyond the basic salary and standard benefits. Festival Bonuses: Many Indian companies offer bonuses during major festivals like Diwali. What are Employee Perks? What Do Employees Want? Frequently Asked Questions 1.

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15Five

APRIL 21, 2022

In a recent episode of the HR Superstars podcast , 15Five’s Chief Culture Officer, Shane Metcalf, was joined by First Person’s CEO & Founder, Bryan Brenner, and SVP & Consultant Paul Ashley to discuss the evolution of total rewards. bonuses, commissions) Long-term incentives (e.g.

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cipHR

DECEMBER 16, 2022

From the snapshot date and reporting deadline, to where to view other employers’ reports, here’s everything you need to know about gender pay gap reporting. You can browse reports by employer, and compare organisations’ data, on the UK government’s website. . Does my organisation have to report its gender pay gap?

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Employee Benefits

DECEMBER 8, 2022

Guerson Neto, recruitment consultant at STR Group, added: “Earlier this year, the board provided a one-off bonus to help us, which I already thought was a great thing to do during these tough times. International recruitment firm STR Group has given its workforce a pay rise worth 5%, an investment of more than £250,000, as of 1 January 2023.

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Benefit Resource Inc.

NOVEMBER 29, 2023

While you should consult your tax or investment advisor, prior to making your retirement plans official, ask how COBRA and an HSA could fit in with your early retirement strategy. If your employer offers a rollover option, any unused funds, up to a certain limit, may be rolled into the next plan year.

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Empuls

OCTOBER 11, 2023

Digital well-being platform subscriptions have gained significance and are now considered a lifeline, and of course, who would’ve thought that employee morale would boost up on the news of their employer sponsoring their vaccine shots? ” that led to massive rates of mass furloughs, layoffs, and even unpaid employment for months.

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cipHR

JULY 9, 2020

From the snapshot date and reporting deadline, to where to view other employers’ reports, here’s everything you need to know about gender pay gap reporting. You can browse reports by employer, and compare organisations’ data, on the UK government’s website. . Does my organisation have to report its gender pay gap?

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Hireology

APRIL 15, 2021

And you have to search for a specific type of person who can manage their deliverables without a manager to consult with face-to-face. . Nurture Your Employer Brand. And don’t forget to pay attention to feedback and make necessary changes to continue to nurture your employer brand so you can keep attracting top talent. .

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cipHR

JANUARY 29, 2019

From the snapshot date and reporting deadline, to where to view other employers’ reports, here’s everything you need to know about gender pay gap reporting. You can browse reports by employer, and compare organisations’ data, on the UK government’s website. . Does my organisation have to report its gender pay gap?

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cipHR

APRIL 12, 2023

Many organisations opt to publish their reports in the final days before the deadline; the dya before the reporting deadline in March 2023, Personnel Today reported that only around 5,500 employers had submitted their 2022-23 data. More than 10,500 employers are expected to file their gender pay gap reports annually.

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Employee Benefits

JANUARY 17, 2024

To be impactful and benefit the employer and employee, your offering must truly enhance employee financial wellbeing. First, there was the reaction – the one-off bonuses issued to help ease the financial burden. The youngest may crave financial education, whereas those in their prime will be looking towards retirement.

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WEX Inc.

OCTOBER 13, 2018

Let's face it; annual enrollment is a busy time, and chances are - you might be playing catch-up. Here's a quick refresher on topics you may have missed on your LinkedIn feed.

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cipHR

OCTOBER 12, 2021

From the snapshot date and reporting deadline, to where to view other employers’ reports, here’s everything you need to know about gender pay gap reporting. You can browse reports by employer, and compare organisations’ data, on the UK government’s website. . Does my organisation have to report its gender pay gap?

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