Remove how-are-rising-costs-influencing-employers-benefits-strategies
article thumbnail

How are rising costs influencing employers’ benefits strategies?

Employee Benefits

Credit: Eviart / Shutterstock.com Need to know: Despite the tough economic climate, evidence suggests that employers are not slashing their benefits budgets. Instead, they are making the most of what they already have, and thinking outside the box about inexpensive benefits that they could offer. Employers are in a tough spot.

article thumbnail

How sustainable are employers’ pay strategies?

Employee Benefits

Record high inflation in the UK is resulting in some employers increasing pay levels in an attempt to keep up. Unless changes to pay strategy are underpinned by a clear rationale and aligned to a well-thought through reward initiative, they are at risk of being unsustainable in the long-term. How pay has been affected and its future.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

What role does AI play in reward and benefits?

Employee Benefits

Credit: Looker/Studio-Shutterstock Need to know: Artificial intelligence (AI) is already starting to impact the world of benefits and reward, in areas such as benefits selection, administration and modelling potential strategies. AI and employee data AI is starting to influence the benefits space in other ways, too.

Finance 116
article thumbnail

Reducing absenteeism & sending National Sickie Day on its merry way!

Employee Benefits

There’s an abundance of national days in the UK and globally, and National Sickie Day is one of many that impact UK employers. In 2020, around 600,000 workers called in sick on that ‘one day’, costing the UK economy almost £45 million in lost revenue! Read on to discover how we can reduce absenteeism in an employee-centric way.

IT 98
article thumbnail

7 Employee Benefit Trends that are Set to Dominate in 2024

Empuls

💡 Let's kick off with a reality check: A Mercer report says, despite the implementation of various support systems, only 59% of workers express satisfaction with the alignment of their benefits to their needs.  Additionally, reduced office space requirements can lead to cost savings for the organization.

article thumbnail

The Latest Compensation Trends Redefine Job Satisfaction

HR Digest

Most of all it impacted people’s views about work and how they work. Employee compensation trends have been heavily influenced by the change in work culture and expectations. However, it cannot be ignored that organizations can optimize costs with remote working policies and that it will benefit both the company and the employee.

article thumbnail

Employee Branding: Creating a Strong Company Culture

HR Digest

In today’s world, having a strong employer brand is not enough. But what is employee branding, and how is it different from employer branding? In this article, we’ll explore the importance of employee branding, its benefits, and how to create a successful employee branding strategy.