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What does it mean to be an employer of choice in today’s labour market?

Employee Benefits

The Covid-19 pandemic and cost-of-living crisis have changed which benefits employees value the most and what employers offer. Organisations that balance their own needs with those of their employees are likely to succeed in attracting and retaining talent as an employer of choice. But what does this mean in today’s labour market?

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What does it mean to be an employer of choice in today’s labour market?

Employee Benefits

The Covid-19 pandemic and cost-of-living crisis have changed what benefits employees value the most and what employers offer. With the right approach, employers can build a supportive and inclusive work environment in both a hybrid setting as well as a formal workplace. But what does this mean in today’s labour market?

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6 Post-Pandemic Employee Retention Strategies

Health Consultants Group

The pandemic gave many employees a break from the workplace. As employers gradually get back to business as usual, many employees are searching for a new normal. They’ve always wanted better income, improved working conditions, job flexibility, better benefits, and a better work-life balance. Offer a better income

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How to improve and handle your finances in 2022

cipHR

This, for example, means an individual earning £30,000, with a net take home pay of £23,112, will see this take-home figure decrease by £255. . It is crucial to build healthy financial habits that will help minimise the impact once the NI hike takes place this year. Hunt down lost pension pots.

Finance 98
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What are the pros and cons of digital self-service pay systems?

Employee Benefits

Working from home so much over the last two years has made this more and more relevant.”. Software can allow employees to model the impact on their take-home pay of opting into certain benefits, for example, or changing their pension contribution. Better experience. They] might get some resistance.”.

Payroll 105
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Top 5 reasons to check your payslip

cipHR

Tax codes can, and do, change, particularly if there’s been a change of personal circumstances, such as people getting married, claiming taxable state benefits, or working from home. This means people can earn £12,500 tax-free, and only start paying tax on income over that amount. Variable payments.

Pension 98
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Only 57% of employees always check their payslips

cipHR

That said, while the onus is on employers to pay their employees correctly, there is still some responsibility on employees to check that their details are correct from month to month. And, if they don’t fully understand exactly what they are looking for, then they should speak to their line manager in the first instance.