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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. Some paid parental leave. Really, if your business is doing well and 2019 was a successful year, there’s no good reason to be stingy with the benefits in 2020. Vision coverage. Flexible hours. Free food or drinks.

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4 Ways to Support Female Team Members After COVID

Best Money Moves

According to a 2020 study conducted by McKinsey & Company , women comprise roughly 39 percent of global employment, but have accounted for 54 percent of all pandemic-related job losses. . Provide paid parental leave for new parents, regardless of gender. What can employers do to support female team members? .

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What impact has the pandemic and economic crisis had on pay gaps?

Employee Benefits

The UK government suspended pay gap reporting in 2019/20 due to the pandemic and delayed enforcement for 2020/21, giving organisations an additional six months to publish their data. In its 2019 Ethnicity pay gaps report, published in October 2020, the ONS reported that white employees’ median hourly pay was £12.40 in 2021, and 7.4%

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Denmark Employment Policy Changes

Global People Strategist

Denmark made some significant changes to its labor law in 2020. The changes include amendments to policies regarding holiday laws, paid leaves, and employee data protection, among others. Here we discuss the major 2020 Danish labor law changes in detail. Danish Holiday Act. They can earn up to 2.08 New GDPR rules.

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15 Drivers Of Employee Engagement You Need To Know in 2022

Vantage Circle

For example, there are significant generational gaps when it comes to benefit preferences: Thirty-six percent of Baby Boomers want to pay parental leave. Thirty-four percent of Generation Xers want to pay parental leave. Fifty-one percent of employees are not engaged with their work, according to a 2020 Gallup poll.

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The Great Resignation: A Classic Case Of Poor Employee Experience

Vantage Circle

Between 2020 and 2021, employees between the ages of 30 and 45 have seen the greatest increase in resignation rates, with an average increase of more than 20%. Like I have mentioned before, employees aren't always looking for a higher salary. Some additional perks that people would love are paid time off, parental leave, and so on.

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Employment Laws in Bermuda

Global People Strategist

This is because their SOE states that their yearly salary must be calculated based on, sometimes, 40 hours of work per week. The average salary can go up to 7,120 BMD per month. However, the actual salary can be much higher. Parental Leave. The rate is one-and-a-half times more than the usual hourly wage.