Employee Benefits

JANUARY 4, 2022

Need to know: The ‘Great Resignation’ is underway, forcing employers to work even harder to attract and retain staff. Pay is one way but employee benefits and reward packages are another major focus. This is putting pressure on employers to re-evaluate the entire package they offer employees.

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Employee Benefits

JUNE 20, 2023

Becoming a living wage accredited employer is a further demonstration of that same commitment to fairness.” The post St Petrocs accredited as living wage employer appeared first on Employee Benefits.

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Employee Benefits

JUNE 28, 2023

Benefits on offer at Fox Agency: Pension Salary sacrifice pension arrangement; employees are automatically enrolled after three months’ service. Employee contribution 5% and employer contribution 3%. Employee assistance programme: 24-hour helpline for all issues and telephone counselling if required.

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Employee Benefits

OCTOBER 11, 2023

The organisation uses focus groups, anonymous feedback and regular pulse surveys to ensure that its benefits scheme applies to everyone. It provides access to a healthcare cash plan , an employee assistance programme and life insurance for up to three people.

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Employee Benefits

JANUARY 25, 2023

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer.

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Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction. Private options can also be considered.

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Employee Benefits

OCTOBER 19, 2023

Craig Thomas, executive director at Cummins Engine Company, said: “Educating ourselves and others about the impact of menopause on women’s health and wellbeing is a crucial step for employers to ensure women are fully supported and empowered in the workplace.

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Employee Benefits

OCTOBER 12, 2023

Bikes-for-work schemes are tax-exempt arrangements, usually offered via a salary sacrifice scheme that will deducts payments from an employee’s gross pay. It also provides an employee assistance programme, enhanced maternity and paternity leave, employer away days and a work-from-home office equipment allowance.

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Employee Benefits

FEBRUARY 6, 2022

Reward and benefits can be used to demonstrate an organisation’s values, with examples including environmental, social and governance (ESG) default funds on pensions and electric car schemes. Changing employee expectations coupled with challenges attracting and retaining talent are forcing organisations to focus on reward and benefits.

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Employee Benefits

JUNE 9, 2023

More than half (55%) of employee respondents said relevant benefits that align with what they want and need would have the greatest impact on their experience at work, while 89% felt that employers could reduce staff attrition by better understanding what people want.

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Employee Benefits

FEBRUARY 23, 2022

The benefits offered by VMware: Pension and group risk benefits. Group personal pension plan available with salary sacrifice: 5% employee and 7% employer contribution or 7% employee and 10% employer contribution. Group life insurance as a core benefit at four-times base salary.

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Employee Benefits

JUNE 14, 2023

Mary Beighton, people and culture director at Zuto, says: “We’re growing quickly so we have to be competitive to attract and retain employees. To do this, we’re constantly evolving our benefits proposition. Read also: How can employers build the case for aligning financial and mental wellbeing strategies?

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InterWest Insurance Services

AUGUST 30, 2022

Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Thanks to the Great Resignation, employees are demanding more from their current and prospective employers. ‘Must-have’ benefits. . ‘Must-have’ benefits.

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Empuls

MAY 7, 2023

As an employer, you are responsible for keeping your employees happy, motivated, and engaged. One of the ways to achieve this is by implementing an effective employee benefits program. Employee benefits programs are an integral part of any organisation's compensation plan. What are employee benefits?

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Employee Benefits

MAY 3, 2023

James Hayhurst, founder of PPA, says: “Organisations should do more to support employees going through separation. Only 9% of respondents say their employers have specific policies or support for separation or divorce but, where someone feels supported at work, they’re much less likely to leave.

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Vantage Circle

JANUARY 30, 2022

As an employer, you must have considered providing your employees with some extra benefits besides their regular wages. But have you ever wondered whether these benefits are taxable? What exactly is a taxable benefit, and are they legally required? But some benefits need to be taxed and added to their income.

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Vantage Circle

JUNE 24, 2019

An employee benefits program is important and costly at the same time. It is one of the heftiest endeavors that an employer has to put money on. But such programs are one of the important channels towards employee engagement in your organization. A design that meets both employees' needs and employers' objectives.

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Winston Benefits

APRIL 10, 2018

Manufacturing jobs tend to have better benefits than many other industries, so staying competitive can be difficult. The level of education and experience employees need for manufacturing jobs, combined with a higher rate of collective bargaining, means employers need to offer strong packages to attract employees.

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Benefit Resource Inc.

NOVEMBER 29, 2023

Take out a life insurance policy for added peace of mind. The importance of employee benefits should not be underestimated. There are any number of employee benefits you can take advantage of which either contribute to your financial security or provide you more time to enjoy the little things in life.

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Enjoy Benefits

MARCH 15, 2022

At Enjoy Benefits, we believe that offering a comprehensive range of employee benefits is a great way to make staff feel valued. In short, all the things that lead to a healthy and productive relationship between employer and employee. We can help deliver this connection via employee benefits.

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Workplace Insight

JULY 3, 2023

One in six (17 percent) 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 percent) has reduced their pension contributions – decisions which may prove to have costly consequences in the future.

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Employee Benefits

MAY 20, 2024

Recruitment pressures, shifts in employee expectations and the sheer volume of products available mean benefits strategies are evolving. But, while the old paternalistic approach may be on its way out, employers must still be aware of their responsibilities when providing benefits.

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cipHR

JUNE 29, 2023

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.

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Business Management Daily

MARCH 21, 2022

Setting up a 401(k) for employees can be a daunting task for small business owners. It is one of the most highly regulated employee benefits. Small businesses can often feel like a family, as you may spend years or even decades growing your business with your loyal employees. Why should employers offer a 401k?

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Business Management Daily

APRIL 25, 2023

That trend continued into 2022, and there were more than a few reasons why so many employees were throwing in the towel, including the following: The pandemic caused some to reevaluate their life priorities — leading to them reducing their working hours or quitting entirely. health insurance, FMLA, unemployment, etc.),

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Vantage Circle

MAY 18, 2023

In today's fast-paced business landscape, the concept of "Employee Perks Program" has emerged as a game-changing strategy that fosters a thriving work environment. Employees now want more than just salaries from their employers. The number shows the critical importance of healthcare in an employee's life.

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McNees

JANUARY 19, 2021

The Consolidated Appropriations Act, 2021 (“Act”), signed by President Trump on December 27, 2020, contains several provisions affecting employee benefits. Excess Pension Asset Transfers. For information on other COVID related topics, sign up for the Employee COVID-19 Lawsuits webinar here.

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Hppy

DECEMBER 2, 2020

For example, in 2011, an Illinois employee was awarded $95 million because the employer did not manage the sexual harassment complaint properly. In one past case, a former employee who was 37 years of age was awarded $4.2 Age Discrimination in Employment Act (ADEA) – prohibits age discrimination in the employment space.

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