Griffin Benefits

JUNE 29, 2023

They were first resistant to escalation, fearing that they would go too far and substantially reduce employees’ take-home pay. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice.

401(k) 52

401(k) Retirement Plan Salary Take Home Pay 52

Employee Benefits

JULY 6, 2023

By asking employees to lower their gross income (for example, by the percentage they contribute to their pension), and committing to contribute the difference directly into their pension, employees can actually increase their take-home pay. This happens because lower earnings mean less NI to pay.

Pension 52

Pension Salary IT Take Home Pay 52

Employee Benefits

JULY 10, 2023

Low take-up rates do not always indicate a benefit is not popular: it may need an awareness or education campaign to boost engagement. Data enables organisations to take a more agile approach to benefits, adjusting what is available and how it is marketed as employee needs change.

Technology 49

Technology Employment Voluntary Benefits IT 49

cipHR

NOVEMBER 15, 2021

While only 17% of employees working in transportation and warehousing, health and social care, education, and real estate, don’t check their payslips regularly. Every payslip must show an employee’s total or gross pay, their net or take-home pay, any deductions or payments, and list any variable hours that have been worked.

warehousing 52

warehousing Payroll Gross Pay Taxes 52

cipHR

APRIL 22, 2022

Financial literacy and education should be on the mind of every employer, and form a foundational part of organisations’ reward and benefits packages. From 6 April 2022 , the rise in national insurance (NI) contributions means the average worker will see their take-home pay fall by around £250 each year. Salary sacrifice.

Pension 40

Pension Employment Salary Finance 40

Insperity

NOVEMBER 30, 2011

Have HR personnel explain how elective benefits would impact a worker’s take-home pay. Some workers may automatically assume they cannot afford the vast majority of benefits; be sure that they have the tools to make an educated decision. Hold a benefits fair.

Benefits Package 40

Benefits Package Take Home Pay Utilities Health Insurance 40

Insperity

AUGUST 27, 2014

Military personnel build an education foundation through hundreds of training hours in the classroom and in the field. Few enter the military for the pay. While the benefits are good, the take-home pay is generally lower than most entry-level positions. In the military, it’s ongoing.

Take Home Pay 51

Take Home Pay Recruitment Technology Education 51

Money Talk

FEBRUARY 18, 2022

This is typically done in employer retirement savings plans with an auto-escalation feature that automatically increases an employee’s contribution amount by a specific percentage of pay. This is why financial coaches and culturally relevant financial education can be so useful to break down pessimism and convince people that they can save.

Take Home Pay 183

Take Home Pay Pay Raise Entertainment Education 183

Empuls

JULY 11, 2023

They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more. By reducing the taxable portion of their income, employees can effectively increase their take-home pay. Enhanced employee satisfaction and well-being.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Best Money Moves

MARCH 19, 2020

Next, list your monthly expenses, including your rent or mortgage payments, utilities, groceries, pharmaceutical or medical needs, child care costs, home or auto maintenance, debt payments and insurance premiums, and anything else you regularly pay for, including expenses you might only pay annually.

Health Insurance 67

Health Insurance Pharmaceutical Utilities Government 67