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

Empuls

What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. What is a cost of living bonus? Why does the cost of living bonus matter?

Bonuses 40
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New poll reveals the benefits and perks that employees value most

cipHR

For over two-thirds (67%) of the 1,001 people polled, sick pay is the employee benefit that they value most, followed by flexible working hours (57%) and pension contribution matching (46%) – where employers offer to match employees’ pension payments on top of the minimum auto-enrolment requirements. Market-value salary (26%).

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How to engage staff with a total reward offering

Employee Benefits

A total reward offering will typically include salary, bonuses, pensions, healthcare and wellbeing initiatives, additional holidays, flexible working policies , career prospects and training funds, all packaged in one proposition. Staying on trend with current issues.

Finance 111
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Two in five employees are working extra hours as cost-of-living crisis bites

cipHR

One in six (17%) has made further ‘savings’ by cutting back (or cancelling) their personal insurance cover, such as income protection, life insurance, and medical or dental insurance, and one in seven (14%) has reduced their pension contributions – decisions which may prove to have costly consequences in the future.

Food 52
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Majority of UK job roles still pay men more than women

cipHR

Over a year, this could easily add up to a gender pay difference of several thousand pounds (or more, depending on base salary). And, over the course of a career, it will impact many women’s lifetime earnings and may well have repercussions on their pension savings. million people (4.9

Payroll 52
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Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

According to a poll from Skynova , 7 in 10 respondents felt that salary is the most important aspect of a job posting, followed by information about the benefits package. Accordingly, you should highlight both the salary and benefits you’ll provide for the position in the job description. health insurance, FMLA, unemployment, etc.),

Salary 105
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What are Total Rewards: Here’s A Holistic View

Empuls

"   -   Keith Reynolds PepsiCo By taking a total rewards approach - a combination of salary, benefits, incentives, rewards, and engagement- the whole shebang, focusing on all aspects of the employee’s wellbeing. This table breaks it down for easier understanding: Compensation. Variable pay. Overtime wage. Paid leaves.

Bonuses 52