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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Employment Salary Consulting Pension 105

Professionals Alternative

MARCH 13, 2024

[link] Mitigating Risks: Key Considerations for Drafting Effective Legal Employment Contracts ‍ Introduction to Legal Employment Contracts As an employer, one of the most crucial steps you can take to protect your business is to have legally sound employment contracts in place.

Employment 52

Employment Overtime Retirement Plan Consulting 52

Employee Benefits

APRIL 23, 2024

As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin received the global living wage employer certification from the Fair Wage Network. Florent Menegaux, chief executive officer of Michelin, said: “Michelin is transforming.

Healthcare Benefits 111

Healthcare Benefits Healthcare Manufacturing Transportation 111

Employee Benefits

OCTOBER 18, 2023

Credit: Eviart / Shutterstock.com Need to know: Despite the tough economic climate, evidence suggests that employers are not slashing their benefits budgets. Employers can make benefits feel personal and relevant to the struggles that people are facing in the cost-of-living crisis. Employers are in a tough spot.

Employment 59

Employment Benefit Providers Salary Voluntary Benefits 59

Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Just over four-fifths (84%) employers have implemented hybrid-working policies, while 43% offer compressed hours and 15% have a four-day working week.

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Benefits Package Employment Voluntary Benefits Consulting 59

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. 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.

Employment 52

Employment Salary Consulting Banking 52

Employee Benefits

AUGUST 24, 2023

For employers, setting up an auto-enrolment pension plan for your staff is a must. Understanding Auto Enrolment At its core, auto enrolment means establishing a pension system by the employer for the benefit of their employees. Auto Enrolment vs. Salary Sacrifice Salary sacrifice is a distinct concept from auto enrolment.

Pension 52

Pension Employment Net Pay Salary 52

Employee Benefits

NOVEMBER 15, 2022

London law firm Charles Gregory Solicitors has been ordered to pay an employee £32,000 after it transferred his employment to another business without due notice or consultation. He was suspended and only paid part of his salary for that month.

Employment 59

Employment Consulting Salary Employee Benefits 59

Employee Benefits

AUGUST 22, 2023

UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. Therefore, it’s vital to familiarise yourself with the core pension obligations for both employees and employers. Here’s the breakdown.

Pension 52

Pension Employment Taxes Government 52

Employee Benefits

FEBRUARY 14, 2024

Workers with 26 weeks of employment can ask for flexibility on how, where and when they work. Where employers previously did not need to consult with workers before giving their decision, they will now be expected to, and to provide their response within two months instead of three. of the new employee’s salary.

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Consulting Payroll Salary Recruitment 110

HR Digest

AUGUST 3, 2023

In 2023, the labor market was a wild rollercoaster ride for both employers and employees. According to a salary budget survey conducted by Payscale, more than three-fourths of U.S. companies were planning to increase salaries the same as or more than the previous year. Ah, the eternal tug-of-war between employers and employees.

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Paid Leave Salary Benefits Package Human Resources 98

Employee Benefits

FEBRUARY 14, 2024

But, with signs that it has fallen off the radar, employers must look at how they can reinvigorate their strategies. Research by the Chartered Institute of Personal and Development (CIPD), Inclusion at work 2022 published in December 2022, found there was huge variation in employer commitment to DE&I.

Employment 59

Employment Consulting Media Salary 59

Employee Benefits

JUNE 29, 2023

Law firm TLT, global consultancy Bain & Company and London Stock Exchange Group have been named on The Times Top 50 Employers for Gender Equality for 2023 list. This includes their approach to recruitment, highlighting salary details, considering ethnicity pay gaps as well as gender pay gaps, and efforts to support working carers.

Parental Leave 52

Parental Leave Employment Consulting Salary 52

Employee Benefits

FEBRUARY 6, 2023

IT recruitment consultancy Mexa Solutions, founded by brothers Simon and Bob Bath seven years ago, gave its team a 10% pay rise in October 2022 to mitigate the financial burdens they may be facing in the current uncertain times. Bob Bath says: “The biggest thing [employers] can do is to pay them what they deserve.

Consulting 105

Consulting Pension Salary Food 105

Vantage Circle

SEPTEMBER 23, 2023

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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Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Employee Benefits

NOVEMBER 6, 2023

An employment tribunal has ruled that Lancashire County Council must pay out more than £800,000 to a teacher who was made to reapply for her job while on sick leave with cancer and then sacked. Anne Healey worked as an early years specialist for the council’s schools improvement service since 2012 after a teaching career.

Pension 105

Pension Consulting Salary Employee Benefits 105

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. It is designed to bridge the gap between an employee's standard salary and the expenses required to maintain a certain quality of life in their geographical area.

Bonuses 40

Bonuses Employment Transportation Taxes 40

Global People Strategist

JANUARY 8, 2024

Employment Relationship: You must be employed by a Dutch employer or an international organization in the Netherlands. Minimum Salary Threshold: There is a minimum salary requirement that you must meet to be eligible for the 30% ruling. Regularly review your situation with your employer and tax advisor.

Taxes 52

Taxes Salary Consulting Government 52

Employee Benefits

FEBRUARY 6, 2022

In a hybrid-working, employee-driven environment, employers need to be prepared for anything. The pandemic has changed everything about the way we work and, with it, shifted the balance of power between employee and employer. This power balance is always changing: in previous years, the employer appeared to hold all the shots.

Employment 59

Employment Benefits Package Work From Home Healthcare 59

cipHR

OCTOBER 19, 2021

Yet many haven’t received, or even requested, a salary increase in over a year. CIPHR’s HR consultants offer their top tips for asking for, and (hopefully) getting, your next pay rise: Gwenan West. What salaries are similar roles being advertised at? Could it be as simple as: if you don’t ask, you don’t get? Research is key.

Salary 98

Salary Consulting Recruitment Employment 98

Higginbotham

MARCH 28, 2024

Such positions often require a salary that meets or exceeds a specific threshold rather than hourly pay. The employee has the authority to make hiring and firing decisions, or their recommendations on employment changes carry significant weight. The employee supervises at least two full-time employees (or their equivalent).

Family and Medical Leave Act 52

Family and Medical Leave Act Overtime Deductions Deductible 52

Employee Benefits

FEBRUARY 16, 2022

Here are some practical tips for employers on how they can reduce the gender pensions gap. ” Awareness is part of the issue says Karen Bolan, business development consultant for risk management consultancy Gallagher’s retirement communication practice. Find the root causes of the gap. Address contribution levels.

Pension 59

Pension Employment Parental Leave Consulting 59

Employee Benefits

NOVEMBER 22, 2023

Jeff Fox, principal consultant at Aon, said: “While the reduction in NI is welcome, it does have a less welcome pincer movement on salary sacrifice, an approach used by many UK firms. At particular risk are employers with lower-paid staff where flexible benefits and other salary sacrifice schemes are available.

Insurance 59

Insurance Pension Taxes Salary 59

Qandle

MAY 16, 2023

From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. Payroll processing is the act of computing and distributing employees’ compensation, including salaries, wages, incentives, and other benefits, as well as any relevant taxes, contributions, and deductions.

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Payroll Gross Pay Deductions Deductible 98

HR Digest

APRIL 3, 2024

Marking a tough time in the consulting industry, McKinsey’s staff exit offer details how employees can continue to look for alternate sources of employment while still being able to support themselves and use the company’s resources to transition in their careers.

Human Resources 104

Human Resources Recruitment Consulting Salary 104

PeopleStrategy

NOVEMBER 28, 2022

Employers can provide this information through various channels, such as online job sites, job postings, during an interview, or through other company communications. In some jurisdictions, employers are required to share pay information, meaning that this trend is having an impact on more and more businesses.

Employment 40

Employment IT Salary Consulting 40

Employee Benefits

JANUARY 17, 2024

To be impactful and benefit the employer and employee, your offering must truly enhance employee financial wellbeing. Our Financial Wellbeing App is so much more than a money management tool, consolidating an employee’s debt into one loan, repayable to your business via manageable monthly salary deductions.

Education 105

Education Deductions Deductible Salary 105

HR Digest

DECEMBER 12, 2018

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. As the name implies, it’s one-time payment employees receive in addition to their normal salary during the Christmas period. Must employers pay a Christmas bonus?

Bonuses 66

Bonuses Employment Salary Employee Retention 66

HR Digest

OCTOBER 15, 2023

According to Zippia , the technology industry is the highest-paying employer for HR generalists , but their services are an essential component of every company and field. Let’s take a look at all you need to know about the role, from the HR generalist salary predictions to the resume details. are constantly evolving.

Human Resources 105

Human Resources Salary Recruitment Payroll Manager 105

HR Digest

JANUARY 29, 2020

On average, the office absenteeism costs $4 billion loss to the US employers on this day. billion in losses, just from employees spending an hour of their workday talking about the big game or coming in an hour late, says employment firm Challenger, Gray & Christmas. This kind of inattention at work could reach $1.7 It says 17.5

Employment 83

Employment Work From Home Consulting Salary 83

Workplace Insight

NOVEMBER 29, 2022

A new poll from employment law and HR consultancy firm, WorkNest , claims that 70 percent of HR professionals believe that the cost of living will be their most significant challenge for 2023. This was closely followed by retention (69 percent) and recruitment (55 percent).

Consulting 98

Consulting Recruitment Salary Management 98

Employee Benefits

AUGUST 7, 2023

Graduates’ expectations Prospects at Jisc’s June 2023 Early careers survey found that the most important factors when job hunting were work-life balance , development opportunities, and salary, with most students expecting to be paid at least £25,000 after leaving university.

Bonuses 98

Bonuses Health Transportation Health Insurance 98

Employee Benefits

NOVEMBER 9, 2023

These were evaluated and ranked by the average salary , the average number of applicants, search volume data around the role, and the average Glassdoor statistics for employers that hire for a particular job role. The bank employs a range of roles from customer service manager or assistant, enterprise architect and operations manager.

Engineering 64

Engineering Retail Banking Finance 64

Employee Benefits

NOVEMBER 2, 2023

Outer London staff will receive a £2,226, or 5%, rise, while those in inner London will get a £2,352 increase up to a defined salary threshold. NJC employers said that a £1,925 pay rise for 2023-24 was their full and final offer. The agreement comes nine months after the unions lodged a 12.7%

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Government Consulting Salary Employee Benefits 59

Employee Benefits

OCTOBER 23, 2023

Following a consultation on the offer earlier this year with members of teaching union NASUWT, 92% of respondents stated they were in favour of accepting the pay offer for the academic year 2023/24. The offer represents an 8.44% increase for those on the lowest pay point to a starting salary of £30,500, and a 6.5%

Food 59

Food Consulting Government Salary 59

15Five

APRIL 21, 2022

Unfortunately, many potential candidates and existing employees don’t comprehend the total value of their compensation package outside of salary alone. Employers must also provide support and guidance, addressing how salary, equity, benefits, bonuses, and perks are calculated and how they contribute to total reward value.

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Compensation Equity Salary Bonuses Pension 90

cipHR

MAY 10, 2023

Ciphr ranked 100 major towns and cities against four key criteria that many people commonly consider when job hunting, relocating, or looking to change careers, including average earnings for HR managers, the number, and density, of medium and large employers – reflecting potential employment opportunities in the area – and housing affordability.

Salary 52

Salary Payroll Payroll Software Consulting 52