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Network Rail withdraws annual bonuses for striking employees

Employee Benefits

Network Rail has withdrawn annual bonuses for staff who went on strike in a long-running dispute about pay, jobs and working conditions. Those who participated in strike action from June 2022 onwards will not receive a performance-related payment this year. The deal saw an uplift on salaries of between 14.4%

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Roth IRA Q&A

Money Talk

salary, bonuses, or self-employment) under phaseout limits that are adjusted annually for inflation. In 2022, workers can contribute up to $6,000 (or the amount of earned income, whichever is less). For example, April 2023 is the deadline to contribute to 2022 Roth IRAs. What is the Maximum That People Can Contribute?

Taxes 188
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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

In December 2022, the U.S. Act of 2022 enables business leaders to: Deliver additional financial benefits to round out an organization’s compensation strategy Remain competitive in an increasingly dynamic labor market Win the war for talent In this blog, we’ll discuss: What the SECURE 2.0 The SECURE 2.0 The post How the SECURE 2.0

401(k) 113
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59% of British workers feel unhappy with their benefits packages

Employee Benefits

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours.

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17 Employee Retention Statistics That Are Required Knowledge in 2024

15Five

Employee Turnover Statistics Quit rates decreased from Q4 2022 to Q4 2023. Fewer people quit their jobs at the end of 2023 (2.2%) than at the end of 2022 (2.7%). years in 2022. Source Job openings decreased by 20% between 2022 and 2023. In fact, the majority of them say it’s more important than a higher salary.

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Do total reward statements still engage employees with their benefits packages?

Employee Benefits

HR software Personio’s March 2022 research demonstrated that 88% of those aged between 18-34 are increasingly seeking employers that prioritise their wellbeing, so ones that adeptly highlight exactly what they offer will appear attractive.