article thumbnail

Tribunal rules in favour of Arjowiggins Scotland staff in redundancy case

Employee Benefits

We are pleased to finally secure some justice and financial compensation for the Stoneywood paper mill workers.” Sharon Graham, general secretary at Unite, said: “It’s terrible news when any business goes into administration and workers lose their jobs.

article thumbnail

What is a total compensation statement & how does it provide value?

Genesis HR Solutions

What’s included in a total compensation statement? A total compensation statement includes the monetary cost of all forms of compensation on the part of the employer. A total compensation statement will show the bigger picture and usually contains the following three categories: 1. Direct Compensation.

401(k) 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 20 Examples of Employee Incentive Programs

Vantage Circle

A retention bonus is financial compensation paid to employees who have remained with their organization for a specific length of time. The United States is one of the few countries where the government allows employers to offer tax-deferred retirement accounts. It can reduce overall tax and compensation costs for the employer.

article thumbnail

How much will I get while on workers’ compensation?

Workers' Compensation Perspectives

If you are injured in a work-related incident or suffer a work-related illness or disease, you are very likely entitled to workers’ compensation. The inequity of the “two-thirds” of average earnings compensation rate was highlighted in the National Commission on State Workmen’s Compensation Laws (1972) report. Burton, Jr.,

article thumbnail

How Employee Perks Can Help Companies in the US

Vantage Circle

This includes opportunities for learning and development, a healthy work-life balance, a positive company culture, and an enriching environment beyond financial compensation. A 401(k) is a tax-advantaged retirement savings program provided by employers. Elevate workplace productivity and unlock the full potential of your team.

article thumbnail

Workers’ Compensation Insurance Arrangements: Does the model make a difference? Part 1

Workers' Compensation Perspectives

Requiring employers provide financial compensation to workers or their families for work-related injury, illness and death is central to achieving this objective. The delineation between a state fund and a private insurance entity is often decided on the basis of federal tax status. are equal).