article thumbnail

Utilizing Pre-Tax Benefits to Prioritize Health in 2023

Benefit Resource Inc.

By allowing employees to use pre-tax dollars for their health care needs (as opposed to taxable salaries), employers can reduce payroll taxes for both themselves and their employees. As we begin 2023 fresh with optimism for achieving our goals — make sure you set yourself up for success by utilizing pre-tax benefits.

article thumbnail

What financial wellbeing support should be offered around salary advance schemes?

Employee Benefits

It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved. One initiative that is seeing a surge in popularity is the salary advance scheme, also known as earned wage access. The employer can set rules that limit withdrawal values employees can make.

Salary 111
Insiders

Sign Up for our Newsletter

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

article thumbnail

Search Intelligence pledges to pay employees’ winter utility bills

Employee Benefits

Digital PR agency Search Intelligence has committed to pay its 50 employees a monthly bonus during the winter months, with the aim of easing the pressure of rising utility bills. It operates a four-day working week, provides paid gym memberships, and has a starting salary of £15 per hour for full-time employees.

article thumbnail

Faculty Salaries Fell By Nearly 5% As Inflation Eats Into Living Costs

HR Digest

According to the American Association of University Professors (AAUP), faculty salaries fell by nearly 5% in 2021-22 when wages were adjusted for inflation. The AAUP report highlighted the fact that faculty salaries fell by nearly 5% in 2021-22, as inflation soars to record highs. That’s the market comparison to make.”

Salary 95
article thumbnail

Beyond Salary: Strategies to Attract and Retain Top Talent In the UAE

Bayzat

Factors Contributing to the UAE’s Talent Shortage Despite its thriving economy, below are factors contributing to the scarcity of UAE talent in the workforce: Unexpected Salary Expectations The 2022 Hays GCC Salary Guide shows that 21% of employers in the UAE struggle with candidates’ unrealistic salary demands.

Salary 52
article thumbnail

Salary Benchmarking Guide - Importance, Process, Challenges, and Trends

Empuls

Salary benchmarking is when HR compares the organization's pay levels with market rates for similar jobs. According to HRforecast, 63% of organizations utilizing benchmarking practices are more likely to retain and attract top talent.   Salary benchmarking ensures that employees are paid fairly for their work. 

Salary 40
article thumbnail

The Top 5 Tips on How to Negotiate Salary

Professionals Alternative

Knowing how to negotiate salary is a good skill to have especially when you receive a job offer and the starting salary you are offered turns out to be less than what you were expecting. Best Practices to Consider on How to Negotiate Salary. . 2) Remember Non-Salary Benefits. In this case, you can make a counteroffer.

Salary 52