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Cost of Living Bonuses for Employees in the UK: What Employers Need to Know

Empuls

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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How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. Employers need to ensure there is a culture where people can discuss financial concerns. It is important that employers look at base pay as a starting point, says Gemma Bullivant, a freelance HR director and executive coach.

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Employers to Offer Record Pay Rises in 2023

HR Digest

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. While most companies give a 3% raise on employee salaries , they are putting aside budgets to give a raise of 4.1%, a record high since the Great Recession of 2008.

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” These benefits are given to employees over their salaries and wages. In the dynamic arena of modern employment, employee benefits aren’t just perks; they are essential components of a thriving organization. Employees love benefits.

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Pay Transparency a Step in the Right Direction, Study Finds

HR Digest

Gone are the days of hush-hush salaries and hidden bonuses. Companies like Whole Foods, Salesforce and Buffer are leading the way in promoting pay transparency by allowing employees to easily access salary and bonus information. A recent study provides solid data to support this argument.

Salary 72
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Google Execs tell workers they won’t raise pay to match inflation

HR Digest

According to audio of an internal Google meeting obtained by CNBC, Google has made it clear to its employees that it will not raise salaries across the board in response to inflation. . Inflation and Employee Salary in The Tech Industry . The tech industry has grown exponentially throughout the past decade. Bottom Line.

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Employee perk ideas to improve employee satisfaction and attract top talent

Business Management Daily

While there’s no one-to-one relationship between, say, a fancy espresso machine and high productivity, employers who value worker well-being perform better than those who don’t. Workplace perks show people they matter to their employer while also providing them with something of value. Great workplaces produce great work.

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