PeopleKeep

SEPTEMBER 6, 2023

During company instability, reorganization, or a competitive labor market, employers must satisfy their top talent so they don’t leave for another opportunity. One way to keep productivity high and turnover low is by offering retention bonuses.

Bonuses 52

Bonuses Employment Employee Benefits 52

Employee Benefits

NOVEMBER 28, 2022

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. For those planning on providing Christmas bonuses, employers based the decision on sales targets (31%), profits (30%) and employees’ personal goals (29%).

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Insperity

APRIL 7, 2022

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. Spot bonus.

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Employee Benefits

NOVEMBER 6, 2023

Thousands of health workers will now receive a one-off bonus after threatening legal action against the government. A payment of at least £1,655 was agreed for NHS workers as part of their pay deal in England, but thousands of outsourced staff did not qualify for this as they worked for non-NHS organisations.

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Employee Benefits

SEPTEMBER 29, 2023

Wholesaler Parfetts has awarded its employees a 10% profit share bonus as part of its recognition of their contribution to its continued growth. Parfetts operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport, with operations covering England, North Wales and the Midlands.

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Bonuses Retail Salary Employee Benefits 59

Patriot Software

OCTOBER 11, 2022

Many employers recognize their employees’ value with bonus pay. Picture your star employees and how much value they add to your business. When you give an employee a bonus, you are required to withhold taxes on the additional money. To figure out how much to withhold, you need to understand the bonus tax rate.

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HR Digest

DECEMBER 12, 2018

As the festive holidays unfold, the issue of Christmas bonuses becomes a subject that confuses most people. Both employers and employees are usually confused on the subject and begin to sort out whether the employers are to pay a Christmas bonus or not. Must employers pay a Christmas bonus? What is a Christmas bonus?

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Employee Benefits

APRIL 24, 2023

The union registered a dispute with the employer last month, which could have led to industrial action, at the request of the majority of members. Credit: Michael715 / Shutterstock.com LloydsPharmacy pharmacists have agreed to a pay deal in which they will receive a 3.5% bonus payment this month, followed by a 2.25% bonus in October.

Bonuses 59

Bonuses Healthcare Salary Employee Benefits 59

Sodexo Engage

MARCH 30, 2022

Summary: Do all good employers reward employees with bonuses? Many organisations across the UK believe that the best way to engage and reward their workforce is with employee bonuses. Many organisations across the UK believe that the best way to engage and reward their workforce is with employee bonuses.

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Employee Benefits

DECEMBER 5, 2023

Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment. The post Ikea awards pay increases and year-end bonuses to UK staff appeared first on Employee Benefits.

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Empuls

SEPTEMBER 28, 2023

Yet, behind the allure of cityscapes and rolling hills, there's a pressing concern that affects both employers and employees alike: the ever-evolving cost of living. What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? Here is why giving the cost of living bonus matters for employers.

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Employee Benefits

AUGUST 9, 2023

Unite had been clear from the outset that the employers and the client could fully afford to increase the bonus payment and that proved to be entirely the case. Construction workers employed at the Stanlow Oil Refinery in Cheshire have secured a 300% increase in bonus pay.

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Employee Benefits

JANUARY 12, 2022

In addition, in March 2021 the organisation increased its rates of pay for carers by more than 11% as well as increasing its employer contributions to staff pensions by 33%. The overall level of investment by the organisation in both the profit-share payment and share allocation bonus is almost £300,000.

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Bonuses Pension Taxes Employee Benefits 119

Employee Benefits

NOVEMBER 10, 2022

Animal health and nutritional brand business Tangerine Group has rewarded 57 of its employees with more than two years of service with an annual profit share bonus. The staff have shared a £400,000 bonus pot, with those who have been with the organisation the longest receiving up to £10,000 in their most recent pay check.

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Bonuses Manufacturing Taxes Employee Benefits 64

Achievers

APRIL 4, 2022

Your organization’s employer brand should always be top of mind. Let’s take a closer look at what employer branding is and what your company can do to organically build an employer brand that sets it up for success. What is employer branding? Your company’s employer brand is then how these individuals perceive it.

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Employment 401(k) Employee Recognition Bonuses 176

Employee Benefits

MARCH 10, 2022

The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay rise. I am confident that by continuing to invest in our strategy we will deliver for our customers, partners, suppliers and communities.”

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Bonuses Retail Salary Employee Benefits 102

Employee Benefits

JANUARY 10, 2023

At the end of November 2022, Employee Benefits reported that 47% of businesses planned to provide staff with year-end bonuses for Christmas 2022. At the end of November 2022, Employee Benefits reported that 47% of businesses planned to provide staff with year-end bonuses for Christmas 2022. Conversely, 22.2% Meanwhile, 32.5%

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Bonuses Employee Benefits Employment IT 59

Employee Benefits

DECEMBER 9, 2022

Declan Queally, a horse trainer in Ireland, was fined €4,000 (£3449.24) following an inspection of his stable yard and business, which found he had failed to pay necessary bonuses to staff under the Stable Employee Bonus Scheme. The post Horse trainer fined €4,000 for failure to pay bonuses to staff appeared first on Employee Benefits.

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Bonuses Deductions Deductible Finance 59

Achievers

MAY 26, 2015

Do you give your employees big annual bonuses as a reward for their work? If bonuses are going to serve as an incentive, you need to provide employees with clear metrics and objectives so that they understand exactly what they need to accomplish to earn the bonus. Most bonuses, however, only come 1-4 times per year.

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Bonuses Salary Management Employment 186

Employee Benefits

MAY 1, 2024

Accident management specialist firm Activate Group has received real living wage employer accreditation as part of its commitment to show appreciation and respect for its workforce. Its aim with the commitment is to set it apart as an employer of choice in the industry in which it operates.

Employment 59

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InterWest Insurance Services

NOVEMBER 30, 2023

American employers are trying to meet their workers’ mental health needs as they struggle with burnout and stress from their jobs and finances, according to a new report. The poll also found that only half of workers (48%) had confidence that their employers cared about their well-being.

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Employee Benefits

JANUARY 7, 2022

More than 24,000 members of staff employed by discount retailer B&M will receive a sum equivalent to an extra week’s wage for their “considerable efforts” during the festive period. The Merseyside-headquartered business said employees will get the bonus payment this month (January) following “strong” trading over Christmas.

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Bonuses Retail Food Employee Benefits 59

Employee Benefits

JANUARY 9, 2024

It is not currently mandatory for employers with more than 250 employers to report any type of pay gaps they may have, apart from their gender pay gap. The post 83% of employers think reporting disability pay gaps should be mandatory appeared first on Employee Benefits.

Employment 69

Employment Bonuses Employee Benefits IT 69

HR Digest

JANUARY 2, 2019

Dear Jane, I work in an industry where bonuses are common. My prior law firm handed two bonuses a year; one in June and the other in December. Giving out year-end bonuses or gifts is a generous gesture on the part of an employer. End-of-the-year bonuses are truly discretionary. No Christmas bonus.

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Bonuses Government Employment IT 70

Employee Benefits

JANUARY 31, 2024

Pensions law firm Sacker and Partners has become a living pension employer. The living pension accreditation, which was launched in March 2023, is a voluntary savings target for employers and aims to support lower-paid employees who are not saving enough into their pension pots each year to prevent poverty and meet basic needs in retirement.

Pension 59

Pension Employment Salary Medical 59

HR Digest

NOVEMBER 27, 2020

A holiday bonus to squash unionization… The latest announcement of holiday bonuses comes as Amazon faces backlash over doling out $3,000 as a signing bonus to new hires while only offering $15-$30 Thanksgiving turkey vouchers to long-time employees. Retail giants Walmart and Target have also paid holiday bonuses to their workers.

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Employee Benefits

SEPTEMBER 6, 2023

For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. Explaining pensionable earnings Pensionable earnings are crucial for employers in determining the amount to be paid into their employees pensions. It encompasses all the additional earnings mentioned above.

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BerniePortal

JUNE 2, 2022

Employers, on the other hand, know how complicated payroll can get, especially when it comes to withholding taxes. To employees, payroll may seem pretty straightforward.

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Employee Benefits

JUNE 22, 2023

One-third (33%) of employers will offer pay awards of 5% or more in 2023, according to research by ethical reward management consultancy Paydata. In addition, actual or expected median bonuses for main board directors have reduced from 41%-45% in spring 2022 to 26%-30% in spring 2023.

Employment 109

Employment Bonuses Consulting Employee Benefits 109

Employee Benefit News

JULY 24, 2023

From sympathy cards to birthday slideshows, employers should be recognizing employees however they can.

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Employee Benefits

JANUARY 24, 2024

And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies. It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. It is still very niche. This can be a major obstacle, says Herd.

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InterWest Insurance Services

MARCH 28, 2023

Even if they are dismissed as meritless, the employer is often out thousands of dollars as a result. The key for employers is to have policies in place that treat everyone equally in the organization, ensure that certain groups of people are not kept from advancing in their jobs, and ensure a harassment-free workplace.

Employment 98

Employment Insurance Overtime Commissions 98

Workplace Insight

FEBRUARY 15, 2023

Over half (58 percent) of employers in the UK believe that they will lose staff in the next six months as they seek to earn more by moving jobs, according to a new poll. The survey claims that 72 percent of employers had to offer higher than anticipated salaries to attract new employees over the last year.

Employment 97

Employment Salary Bonuses IT 97

Insperity

JUNE 28, 2018

But, before you hit the ground running, take a moment to dive into what kinds of bonuses are out there, as well as what goes into creating a bonus program. First things first: How are employee bonuses defined? First things first: How are employee bonuses defined? How employers benefit. Employee bonus program basics.

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Employee Benefits

OCTOBER 17, 2023

Employers are assessed by an independent panel and must demonstrate evidence of effectiveness in the areas of culture, policies and practices, training, engagement , facilities and evaluation. The post XPS Pensions Group accredited as menopause-friendly employer appeared first on Employee Benefits.

Pension 59

Pension Employment Retail Bonuses 59

Business Management Daily

AUGUST 26, 2019

Some employers have decided that significant investments in bonus plans are worth a try. According to a Chipotle statement announcing the plan, bonuses will be paid quarterly if crew teams meet revenue and other goals. Note: Other employers are trying different approaches to lure and keep front-line staff. Spot bonuses: 51%.

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Bonuses Overtime Retail Recruitment 45

Employee Benefits

MARCH 2, 2023

Two-thirds (66%) of senior business leaders agree that employers have a substantial role to play in supporting staff through the rising cost of living , and 40% have introduced support measures since the start of 2022, according to research by the Work Foundation at Lancaster University.

Employment 93

Employment Bonuses Employee Benefits 93