Employee Benefits

NOVEMBER 10, 2023

UK employers could be spending up to £15 billion a year on employee benefits that do not resonate with their staff, according to research by Isio and YouGov. However, those who thought their benefits package met none or very few of their requirements were 60% more likely to quit.

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Employee Benefits

OCTOBER 4, 2023

Technology has become a vital part of how we operate, and this is certainly the case in the world of benefits. One offers technology and potentially a level of consulting and the other offers full service and support, including technology, consulting, pensions and broking,” he says.

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Technology Consulting Pension Benefits Package 110

Employee Benefits

OCTOBER 4, 2023

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. Llewellyn said: “It’s been about getting benefits in a quicker timeframe.

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Employee Benefits

FEBRUARY 8, 2024

Now in its 22nd year, the Employee Benefits Awards celebrates organisations, teams and individuals in the reward, benefits and HR community that have made a significant difference, and attracted, motivated and rewarded employees through their reward and benefits strategies during 2023.

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HR Professionals Magazine

FEBRUARY 3, 2024

By Chuck Stinson The McGriff Retirement Benefit Survey, a follow-up to our 2023 National Benefit Trend Survey, provides a comprehensive view of retirement plan trends across a diverse landscape of industries and company sizes. The responses to the defined benefit plan portion of the survey further supports these views.

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Employee Benefits

FEBRUARY 4, 2022

The FCA last year set out proposals to increase base pay by 2% this April for workers “clearly meeting or exceeding their objectives” It also consulted on scrapping annual discretionary bonuses from that point and introducing changes to benefits packages.

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Employee Benefits

JULY 31, 2024

The contents and composition of a total reward statement will vary from organisation to organisation, but they will typically include sections covering the different areas of the overall benefits package, such as salary and bonuses, pension, insurance provision, benefits, allowances such as company car allowance, and employee discounts.

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Employee Benefits

JUNE 10, 2024

Employees often take strike action over issues such as pay , health and safety, pensions, benefits, changes to terms and conditions, and union recognition. Unions may call strike action regarding issues such as pay , health and safety, pensions and terms and conditions changes, to name a few.

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Employee Benefits

MARCH 8, 2024

This is particularly true when it comes to the workplace, where gender pay and pensions gaps are well documented. She said: “It is the perfect moment to conduct a thorough review of the workplace; is the working structure, benefits package, remuneration, and work designed to attract and retain female talent?

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Employee Benefits

FEBRUARY 7, 2024

There are multiple ways to communicate a strategy, such as a total reward statement and personalised notifications from benefits platforms based on employees’ needs. “International organisations might need to consider how elections in other countries might affect rewarding and recognising staff.”

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Empuls

SEPTEMBER 25, 2023

New requirements for health and retirement benefits Health and retirement benefits are an integral part of employee compensation, and they are subject to their own sets of laws and regulations. Updated and comprehensive benefits packages are an essential tool for attracting and retaining top talent.

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Employee Benefits

SEPTEMBER 20, 2023

Many will continue working beyond pension age, and employers are recognising that with an ageing workforce comes more risk that employees may become seriously ill while still employed. Its 2023 report, published in April, found that during 2022, the number of in-force policies increased by 11.6%, benefits insured increased by 9.7%

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Empuls

JUNE 21, 2024

Defined benefit plans  This retirement benefit plan is calculated based on multiple factors, including salary and service. The plans are protected by federal insurance provided through the Pension Benefit Guaranty Corporation or PBGC.  Let us analyze how that fared for Allstate.  

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401(k) Retirement Plan Pension roth 401(k) 40

Vantage Circle

MAY 18, 2023

They want a competitive benefits package to motivate them and improve their satisfaction. This innovative approach goes beyond the standard compensation package. In addition, it can also provide a competitive advantage in the job market, where you can attract candidates with comprehensive benefits packages.

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Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

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Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

Empuls

SEPTEMBER 28, 2023

Wondering what kind of benefits are offered to employees in the UK? In this blog, we have described everything from the best employee benefits in the UK to the way an employee benefits package can be designed for employees, the legal regulations, tax compliance and other nuances with regard to the subject.

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Employee Benefits

APRIL 17, 2024

Recent research by PureGym for 2023/2024 shows a 2% increase in gym membership uptake compared to last year, but 54% of Brits say they don’t have a gym membership because they’re too expensive. At the peak of the cost-of-living crisis, 42% of Brits cancelled their gym memberships to cut back and improve their financial situation.

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Empuls

APRIL 28, 2023

Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated. From healthcare and retirement plans to flexible work arrangements and professional development opportunities, employees are looking for a comprehensive benefits package that meets their unique needs and preferences.

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Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

cipHR

NOVEMBER 13, 2023

In fact, two-fifths of UK employers currently have hard-to-fill vacancies, according to the August 2023 CIPD Labour Market Outlook. Nearly half (44%) of businesses don’t reply to candidates within four weeks of receiving their application, found a March 2023 study by Resource Solutions.

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Empuls

MAY 7, 2023

They are designed to enhance the overall compensation package of the employees, thereby attracting and retaining top talent, improving employee morale, and increasing productivity. In a competitive job market, prospective employees often consider the benefits package as a major factor in their decision to accept a job offer or not.

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Bayzat

JULY 14, 2023

Last Updated on July 14, 2023 by bhakti Most businesses know that customer experience is a vital step toward business success. In one of our surveys, 46% of workers said that the Covid-19 pandemic made them reappraise the value benefits on offer, with nearly two-thirds unhappy with their current benefits package.

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Employee Benefits

JANUARY 2, 2023

Yet there will always be a need for human involvement, particularly around financial benefits, says Alexis Parrish, head of benefits technology at pensions advisory firm Isio. “We AI and automation can help deliver individuals the kind of experience from employee benefits packages that they receive in their personal lives.

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Vantage Circle

SEPTEMBER 23, 2023

In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” ” In the next pages, we will explore the changing world of employee benefits. Pension Plans A pension plan is a benefit for employees.

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Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Business Management Daily

APRIL 25, 2023

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Development opportunities, competitive compensation, and attractive benefits packages are also perks the best talent actively looks for.

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Employee Benefits

DECEMBER 14, 2022

Organisations are showing increasing support for diverse family models, and employers are more likely to provide benefits to parents these days than in the past. This looks set to continue into 2023, with employers forced to re-examine what their reward package offers their workforce and how they can improve it.

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