Employee Benefits

NOVEMBER 11, 2022

between 4 and 10 November 2022 were: Lloyds Bank offers employees minimum £2,000 pay rise. Boohoo gives shares to more than 1,100 employees. EXCLUSIVE: Gen Z staff 20% more likely to engage with benefits package. The top 10 most-read articles on www.employeebenefits.co.uk Disability pay gap rises to 17.2%

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Employee Benefits

FEBRUARY 16, 2022

Some 40,000 employees will benefit from a pay rise, with the hourly rate increasing from £9.50 The new hourly pay rates are in excess of the national living wage , which from 1 April 2022 will rise from £8.91 The post Marks and Spencer announces enhanced pay and benefits package appeared first on Employee Benefits.

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Insperity

OCTOBER 10, 2023

In December 2022, the U.S. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 Act of 2022 says The implications of this law’s passage for your business How small and midsize businesses and their employees can both benefit Overview of the SECURE 2.0

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Employee Benefits

FEBRUARY 15, 2023

Middleton notes that by helping people with those spends that might seem more frivolous, such as gym memberships, employers can head them off at the pass before they start making more weighty financial decisions, while also benefitting their wellbeing and engagement. appeared first on Employee Benefits.

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Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Voluntary benefits such as bikes-for-work schemes have increased to 75% from 73% in 2022, while gym memberships rose to 45% from 34%.

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Employee Benefits

JANUARY 4, 2022

Pay is one way but employee benefits and reward packages are another major focus. Flexible working, mental health and social value are all in demand but some are questioning the use of more ‘gimmicky’ benefits. After the past 18 months, people’s priorities have shifted. Belcher, though, has a slightly different take.

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Employee Benefits

APRIL 10, 2024

Credit: branislavpudar/shutterstock Need to know: A strong onboarding and induction programme will help seasonal workers understand their benefits package and feel valued. Benefits should be tailored to the sector and the type of seasonal worker the organisation wants to attract.

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Best Money Moves

DECEMBER 9, 2024

According to Mercers Survey on health & benefit strategies for 2025 , almost 70% of surveyed companies are or are planning to offer financial wellness programs in their benefits package next year. This projection shows the benefits trends in use and utilization of financial wellness programs among employees.

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Employee Benefits

NOVEMBER 9, 2022

Generation Z employees aged 25 and below are 20% more likely to engage with their employee benefits package than their older colleagues, according to new research. The post EXCLUSIVE: Gen Z staff 20% more likely to engage with benefits package appeared first on Employee Benefits.

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Employee Benefits

APRIL 15, 2024

Louise Furby, MenoTalk colleague network group co-chair at Specsavers, says: “Our menopause policies provide guidance on what assistance is available and our benefits package includes financial support for those wishing to seek further consultative advice. The package also covers the annual cost of a HRT prescription in England.”

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Employee Benefits

JANUARY 28, 2022

between 21 January and 27 January 2022 were: How to implement a pay strategy for hybrid working. Poll: 91% of employers aiming to bring in new wellbeing benefits. Praxis Care launches new pay and benefits package. The top 10 most-read stories on employeebenefits.co.uk 78% of UK staff would move job for remote working.

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Employee Benefits

FEBRUARY 15, 2023

“People make a real choice now about what kind of [business] they want to work for, and when that’s added that to the cost-of-living issues, they’re looking for great pay , and the wider benefits package is becoming more and more important.” This included bonuses in January 2023 which were weighted towards the lower paid.

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Bayzat

OCTOBER 31, 2024

However, this also means that competition for top talent is fierce, making competitive compensation packages a critical factor in attracting and retaining the best employees. Comprehensive Employee Benefits Employee benefits package is often as important as the base salary in attracting and retaining top talent.

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Employee Benefits

JULY 1, 2024

With many businesses facing genuine recruitment issues, these types of benefits can make the difference between an individual choosing one business over another.” The post How to boost the popularity of employee share schemes appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 8, 2023

EXCLUSIVE: A public sector organisation that has implemented a successful benefits package has the chance to enter a dedicated award category at the Employee Benefits Awards 2023. The post EXCLUSIVE: Public sector category open at Employee Benefits Awards 2023 appeared first on Employee Benefits.

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Higginbotham

APRIL 25, 2022

Are you offering the most popular employee benefits and perks to attract workers? Workers know their value, and if you don’t compensate them with competitive pay and the most desired employee benefits, they might choose to leave. According to Joblist’s 2022 U.S. Health Insurance, Telemedicine and Wellness Programs.

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Employee Benefits

FEBRUARY 18, 2022

between 11 February and 17 February 2022 were: Lynda Gratton: We need to understand how hybrid work motivates employees. 2022 pay rise budgets soar. Aldi gives staff pay rise from February 2022. pay rise in 2022. How is ESG changing the future of employee benefits? UK employers to give staff 2.9%

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Employee Benefits

DECEMBER 16, 2022

Through 2022, we all faced quite volatile macroenvironmental circumstances to say the least. Through 2023, businesses will face recessionary challenges along with changing employee expectations. So, how does your employee benefits package stack up at the moment? appeared first on Employee Benefits.

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Employee Benefits

MARCH 7, 2022

February, 2022). All this means that employee health benefits are becoming more important if you hope to recruit and retain talent. By promoting an attractive employee health benefits package you can help mitigate the impact of the Great Resignation. Source: Vox, Remote work isn’t the problem.

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Employee Benefits

JANUARY 11, 2023

According to HiringPeople , 87% of companies have found it difficult to fill job openings in 2022. Keep reading to learn how employee rewards transform your talent strategy and help you get the very best people on your team. The influence of employee perks does not stop there. Why You Are Struggling to Hire the Best Talent.

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Employee Benefits

JANUARY 16, 2023

The organisation, which employs 75 partners and 700 employees based in and around London, regularly reviews its pay strategy according to the current climate, the markets and internal equity with the need to differentiate individuals based on their personal contribution.

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CorpStrat

OCTOBER 8, 2021

Many smaller companies don’t have an HR team to help them understand how to deliver benefits without breaking the bank. They want to offer their employees the world but don’t know how to create a benefits package that makes fiscal sense. appeared first on CorpStrat: HR | Payroll | Employee Benefits.

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Employee Benefits

MARCH 21, 2023

The last few years have caused many to reflect on how we spend our time, leading to employers having to re-evaluate their employee benefits package. David McCormack, CEO , HIVE360 , explains it’s important to first understand what benefits and support employees value the most.

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Employee Benefits

JANUARY 30, 2023

As organisations look to build a package that positions them as an employer of choice in a competitive recruitment masrker, as well as supporting employees in key areas of their lives, it can be easy to end up with a bulging benefits package. The post Where should employers draw the line with benefits provision?

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Higginbotham

JUNE 27, 2023

Employers can no longer ignore the many advantages of offering telemedicine as an employee benefit. Potential Benefits of Telemedicine Budgets are tight. If you’re thinking about adding to your benefits package, you want to make sure it’s worth the investment. Power 2022 U.S. Learn more.

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HR Digest

FEBRUARY 10, 2023

When you’re starting a new job , it can be overwhelming to learn about all the benefits that are available to you. But the more you know about the types of employee benefits offered by your employer, the better equipped you’ll be to make informed decisions about health care, retirement plans, and other important financial matters.

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Employee Benefits

NOVEMBER 15, 2023

Workplace pensions are one of the most valuable elements of the benefits package. What is surprising is the lack of knowledge that employees have about these. Instead of ‘investment’ use the term ‘funding adequacy’, as most employees don’t need to be picking or thinking about the investment,” she says. “The

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Hppy

DECEMBER 15, 2021

If so, it is recommended that you present potential applicants with an incredible employee benefits package. For instance, it is likely that an employee, when faced with a choice, will be interested in joining a company with great health and dental insurance instead of a company that offers a horrendous one or none at all.

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Empuls

DECEMBER 22, 2021

Organizations must understand and address the top five HR challenges of 2022 as they pivot to a new post-pandemic reality. Top Five HR Challenges to Address and Overcome in 2022 1. Are your employees ready to come back to the office? Better compensation and benefits and better work-life balance are two main reasons for this.  Almost

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Insperity

MARCH 12, 2024

Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. Here, we’ll cover everything you need to know about employee benefits. Common employee benefits Here’s a list of the employee benefits that should be on your radar.

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Employee Benefits

NOVEMBER 21, 2022

Factoring reward package reviews into formal milestones, such as six-month reviews or probation periods, can improve engagement and employees’ awareness of what is on offer. If a package seems inaccessible or difficult to use, then take up can be low, says Christina Melling, co-founder and chief executive officer of Stipendium.

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Employee Benefits

FEBRUARY 15, 2022

Figures published by the Office for National Statistics (ONS) today included an estimate that median monthly pay across the UK was £2,050 in January 2022. In January 2022, median monthly pay ranged from £391 for under 18s to £2,409 for those aged 35 to 49. ONS estimates indicate that the number of payrolled employees rose by 4.8%

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Employee Benefits

MAY 30, 2023

Private healthcare provider Bupa and employee benefits provider Vivup have been shortlisted in the category Best Supplier to Work For at the Employee Benefits Awards 2023. It is only open to internal HR teams of employee benefits providers, suppliers, advisers and consultants.

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Employee Benefits

MAY 20, 2024

Employee benefits provider Vivup and group protection and investment provider Canada Life UK have been shortlisted in the Best supplier to work for category at the Employee Benefits Awards 2024. It is only open to internal HR teams of employee benefits providers, suppliers, advisers and consultants.

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Employee Benefits

APRIL 28, 2023

Coastline was originally one of the six employers that took part in the Living Wage Foundation’s living pension pilot scheme , which launched in August 2022. Nathan Mallows, director of finance, people and change at Coastline Housing, said: “We are very excited to be able to include this offer within our total benefits package.

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Benefit Resource Inc.

NOVEMBER 3, 2022

At BRI, we believe that education and communication are critical when it comes to employee benefits. By educating employees about their benefits and staying communicative, employers can help ensure that employees are getting the most out of their benefits package – which is good for both the employer and the employee.

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Employee Benefits

JUNE 7, 2023

Meanwhile, the cost-of-living crisis resulted in many employees preferring to stay in a work-from-home arrangement to save on the costs of commuting to and from work. Today’s benefits, therefore, need to look at the whole employee experience and day-to-day lives, says Nebel Crowhurst, chief people officer at Reward Gateway.

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