HR Digest

FEBRUARY 24, 2024

Salary transparency laws have become a hot topic in recent years, with many countries implementing regulations to promote pay equity and address the gender pay gap. These laws vary by jurisdiction but typically require employers to share salary ranges for specific job positions or provide employees with access to salary data.

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Employee Benefits

DECEMBER 7, 2023

Nearly half (46%) of employees said that working for an ethical employer is more important to them than a higher salary , according to new research by PR agency Unhooked Communications. Businesses might struggle to compete on salaries, so it’s reassuring to see that employees also value non-financial qualities in their employer.

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Employee Benefits

FEBRUARY 22, 2023

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

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Employee Benefits

DECEMBER 5, 2023

Learnd has introduced an electric vehicle (EV) salary sacrifice scheme for 200 eligible employees. The scheme, which is provided by fleet management firm Gofor, was rolled out to employees via a webinar. Learnd initially appointed Gofor as its sole supplier to decarbonise and manage its 100-strong fleet in January 2023.

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Employee Benefits

FEBRUARY 28, 2024

Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability. Jennifer Roberts, senior reward and wellbeing manager at Central Co-op, said, “We are delighted to be able to offer this benefit and expand our green fleet, which supports our sustainability goals as a society.

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HR Digest

DECEMBER 2, 2023

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Being willing to provide competitive pay for a role is the most straightforward approach a company can adopt, that is, providing a higher salary than other companies in the industry are offering.

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Bayzat

APRIL 5, 2024

A recent Zurich survey echoes this sentiment, with 52% of UAE-based HR managers highlighting the difficulty in finding talent as a major concern for organizations. And in highly complex and dynamic industries, such as technology or management, they can be even 800% more productive.

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Vantage Circle

JUNE 9, 2023

To bring in the best talent, you need to be offering the most competitive salaries, and that is what is going to change the end game. What is Salary Benchmarking? What is Salary Benchmarking? Salary benchmarking involves matching or exceeding the ‘benchmark’ salary levels across your industry.

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HR Lineup

JANUARY 4, 2023

Salary transparency is the practice of openly disclosing the wages and salaries of all employees within an organization. However, implementing salary transparency can be a complex process, with various considerations to take into account. How to Implement Salary Transparency. Benefits of Pay Transparency.

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HR Digest

SEPTEMBER 18, 2023

Effective from 17 September this year, the pay transparency law will now enforce regulations that ensure employers who want to advertise a job posting are clear about what salaries applicants could expect for the position. How Does the New Law Work in NY?

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Empuls

FEBRUARY 29, 2024

Salary benchmarking is when HR compares the organization's pay levels with market rates for similar jobs. Importance of salary benchmarking One can summarize the importance of salary benchmarking as follows: 1. Importance of salary benchmarking One can summarize the importance of salary benchmarking as follows: 1.

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Employee Benefits

JUNE 30, 2023

Salary budgets for UK employees are expected to decline in 2024 after peaking this year, according to research by Willis Towers Watson. The global advisory, broking and solutions firm’s latest Salary budget planning survey found that UK employers are budgeting an average increase of 4.4% This is lower than the average 5.1%

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Employee Benefits

JANUARY 19, 2023

As a result of money stress, employees say they are less productive, spend more time managing their finances at work and take more sick days, according to Claro Wellbeing’s Workplace Today report. The post What to do when you can’t afford to raise salaries appeared first on Employee Benefits. But what else can you do?

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HR Digest

OCTOBER 10, 2023

One way to display this displeasure during resignation is when the salary is withheld after the resignation period is announced. Let’s look at what you can do when your salary is withheld during your notice period. What Are Legal Protections When Salary Is Withheld after Resignation?

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Employee Benefits

JUNE 28, 2023

Insurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees. The scheme, which is provided by ElectriX, part of LV= General Insurance and CBVC Vehicle Management, is available to all employees.

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HR Digest

NOVEMBER 1, 2020

The median salary of Oral and Maxillofacial Surgeon is $355,864, Anesthesiologist is $278,016 Surgeon is $254,329 and of Obstetrician and Gynecologist is $207,177 per year. The health care professionals who take care of our mental health also make quite a healthy salary. IT Manager. Psychiatrist. Petroleum Engineer. Pharmacist.

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Employee Benefits

MARCH 21, 2023

Welsh whisky and spirits distillery Penderyn Distillery has introduced an electric vehicle salary sacrifice scheme for its workforce. The employer, which operates across two sites in the Brecon Beacons, appointed Edinburgh-based fleet management business Gofor to manage the scheme, designed to suit Penderyn’s specific objectives.

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Salary Taxes Insurance Employee Benefits 59

Take It Personel-ly

JULY 15, 2020

It’s due, instead, to poor financial management. If you’re a first-time employer, you’re probably feeling a bit stressed about determining the salary for your employees. According to a 2018 Forbes analysis, wages have not kept up with inflation for nearly 50 years. This isn’t due to a lack of money.

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Employee Benefits

FEBRUARY 5, 2024

Credit: muk woothimanop/Shutterstock Need to know: Green electric vehicle (EV) salary sacrifice arrangements are growing in popularity. Here are some top tips on how employers can help employees better manage their company car costs. The post Top tips for managing the cost of company car schemes appeared first on Employee Benefits.

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HR Digest

MARCH 17, 2023

According to recent data from Indeed, salary transparency has more than doubled in the past three years. In February 2020, only 18% of job listings included employer-provided salary information. Seattle saw a 166% increase, while San Francisco Bay’s salary advertising jumped by 185%. Well, you’re in luck!

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Employee Benefits

APRIL 17, 2024

It was offered to all employees under a certain salary bracket with the option to decline, and those in the higher brackets could also apply for the support if required. ” The post How to strike a balance between managing staff wellbeing and financial pressures appeared first on Employee Benefits.

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HR Digest

DECEMBER 5, 2019

Salary negotiation is a completely normal and acceptable part of the employment process. Your salary is more than a figure that gets deposited in the bank account. If you love your job and want to keep it, there’s no question that you should negotiate a higher salary keeping these factors in mind. HOW TO NEGOTIATE YOUR SALARY.

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Employee Benefits

JANUARY 4, 2024

That made budgeting difficult, so we had to have forced rating distributions and hold calibration meetings lest managers got carried away and made everyone a superstar with associated rewards. Our performance management no longer sits within the reward team but has an entirely separate reporting line into the chief people officer.

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Qandle

JULY 21, 2023

Implementing a robust Compensation Management Software has become a critical aspect of modern HR practices, revolutionizing the way organizations manage employee rewards, bonuses, and benefits. Looking for the Best Compensation Management Software ? Check out the Compensation Management Software.

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HR Digest

SEPTEMBER 10, 2022

How to negotiate a salary with a friend? Negotiating a salary with a friend can be tricky, especially if you’re not familiar with how it works. In this article, we’ll discuss how to negotiate your salary with your friend to avoid awkwardness or resentment. Don’t make assumptions about your salary expectations.

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Employee Benefits

NOVEMBER 22, 2022

Contract caterer Compass Group has launched a salary advance scheme for its 50,000 British and Irish staff, to help in the face of financial hardship and a worsening cost-of-living crisis. The advance option gives monthly salaried employees the ability to withdraw up to 50% of their earned pay before payday.

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CorpStrat

OCTOBER 13, 2022

Employees are now ranking healthcare as more important than salary increases. With healthcare insurance premiums rising again this fall, employers are faced with a unique challenge: revisiting the balance between salary increases, compensation, and benefits. The post Employees now rank healthcare as more important than salary.

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Business Management Daily

APRIL 7, 2023

The Department of Labor may soon release proposed regulations raising the salary employees must earn to remain exempt from the Fair Labor Standards Act. The current weekly salary is $684 a week or $35,568 a year. Why: Final regulations issued in 2016 almost doubled the salary threshold and were thrown out by a federal court.

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HR Digest

DECEMBER 15, 2021

When caught up in an expected salary interview question and you don’t know the right answer, you could end up underselling yourself and not getting the job offer. In this blog post, we’ll break down how to answer salary expectations in a way that makes sense and doesn’t leave any room for confusion. . ” .

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Employee Benefits

JANUARY 17, 2022

Three out of five (61.3%) UK professionals are unhappy with their current salary , according to a new survey. Despite many being unhappy, more than half (54.6%) stated they had never tried to negotiate for a higher salary. of UK staff are unhappy with their salary appeared first on Employee Benefits. When asked why, 51.4%

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HR Digest

DECEMBER 31, 2020

Always track your accomplishments, update them weekly, and share them with your managers and boss to keep them aware of your progress. One of the crucial persons who tops the list is the boss or manager! The post Is demanding a salary raise advisable during the pandemic? Your’ Network and Relationships.

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HR Digest

JANUARY 14, 2023

It’s no news that the business world will experience changes in management in 2023. What are some expected changes in management in 2023? This is the same when it comes to making changes in management in 2023. This cuts across various areas of management, including benefits and perks, flexibility, workplace culture, and so on.

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Business Management Daily

MAY 11, 2022

On May 5th, the Department of Labor recently hosted a listening session on how much salary employees must earn to be exempt from the Fair Labor Standards Act and if that amount might change. What are the costs and benefits of increasing the salary level for employers and employees, including increasing wages and reducing litigation costs?

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Qandle

DECEMBER 14, 2023

In the fast-paced world of business, Human Resources (HR) departments play a crucial role in managing a company’s most valuable asset – its people. The advent of technology has transformed HR processes, and one of the key innovations is the HR Management Information System (HRMIS). Looking for the Best HR Software ?

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Management Human Resources Payroll Software 104

Employee Benefits

DECEMBER 21, 2021

The headline employee benefit in signing up for a salary sacrifice scheme is the potential for tax and national insurance savings, if you have the option of sacrificing a portion of your salary in return for pension contributions, ultra-low-emission vehicles, cycle-to-work schemes or employer-supported childcare. Flexible lease deals.

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Qandle

FEBRUARY 22, 2024

Talent management is the strategic process of attracting, developing, motivating, and retaining skilled individuals within an organization. Effective talent management ensures that organizations have the necessary human capital to drive success and remain competitive in their respective industries. What is Talent Management?

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HR Bartender

FEBRUARY 8, 2015

I’ve received a few notes and comments after publishing “ How to Negotiate Your Next Salary ”. Your salary is based upon three things: 1) the company’s ability to attract talent, 2) the company’s ability to retain talent, and 3) the company’s ability to pay. Your salary needs to be about the work and your performance.

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