article thumbnail

American employers’ push for minimum wage increase faces an uphill battle

HR Digest

Two years later, it announced it will pay $20 an hour over the next two years. The world’s biggest online retailer Amazon a pay raise for over 500,000 workers across its fulfilment and transportation sectors. This pay bump could be as low as an additional 50 cents an hour to as much as three extra dollars per hour.

401(k) 52
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

Cost of living: The measure of the average change over time in prices paid by consumers in a particular market for goods, such as food, gas, housing and transportation. Whether you realize it or not, if you’re hiring employees or giving out pay raises, your company already has a compensation philosophy. over the prior year.

Salary 97
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

Cost of living: The measure of the average change over time in prices paid by consumers in a particular market for goods, such as food, gas, housing and transportation. Whether you realize it or not, if you’re hiring employees or giving out pay raises, your company already has a compensation philosophy. over the prior year.

Salary 82
article thumbnail

12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

Tangible rewards, such as bonuses or pay raises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars. Challenge Initially, the company had an R&R (Rewards & Recognition) program that aligned with its corporate vision.

article thumbnail

How to Design an Employee Benefits Program Effectively

Empuls

The survey also found that 80% of employees would choose additional benefits over a pay raise. Health and wellness benefits These benefits include medical, dental, vision, and other health-related benefits. In addition, employees have access to on-site childcare, transportation benefits, and free legal and financial advice.