Higginbotham

APRIL 8, 2025

trillion, or roughly $14,600 per person, according to 2023 data from the Centers for Medicare and Medicaid Services. Budgetary Strain on Benefits One of the most significant impacts of these changes for public sector entities hits the overall administration and budget for their employee benefits. Health care spending in the U.S.

Health Insurance 52

Health Insurance Out of Pocket Cost Deductions Deductible 52

Employee Benefits

MAY 13, 2024

Employers should communicate with employees to understand what they need from a flexible benefits package. Benefits that are offered as part of a flex scheme need to add value. As employees’ needs can change throughout the year, more frequent benefits enrolment windows can provide greater flexibility and choice.

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HR Digest

AUGUST 3, 2023

In 2023, the labor market was a wild rollercoaster ride for both employers and employees. According to a salary budget survey conducted by Payscale, more than three-fourths of U.S. companies were planning to increase salaries the same as or more than the previous year. A ray of hope for workers, right? Well, not so fast.

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Paid Leave Salary Benefits Package Human Resources 98

Employee Benefits

OCTOBER 25, 2023

Employees react better to communications that they consider relevant to their personal circumstances, so employers should used targeted guidance and support about benefits available. A good benefits package is the most important thing that 42% of employees look for in employment, according to June 2023 research by benefits provider Zest.

Voluntary Benefits 111

Voluntary Benefits Benefits Package Benefit Providers Electronics 111

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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Net Pay Benefits Package Bonuses Salary 105

Vantage Circle

NOVEMBER 30, 2022

The survey also found that 80% of employees would choose additional benefits over a pay raise. When looking for a new job, any self-respecting employee would look at the complete benefits package. Not just salary. Many of these benefits will comprise something called "fringe benefits."

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HR Digest

JANUARY 20, 2023

This means there might likely be an increase in HR jobs in 2023. Some of the duties of the HR department include hiring and firing employees, training and development , payroll, overseeing and ensuring compliance with laws, resolving conflicts, managing compensation and benefit packages, and so on.

Human Resources 64

Human Resources Payroll Benefits Package Finance 64

Employee Benefits

OCTOBER 27, 2023

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Benefits Package Construction Salary Employee Benefits 52

Insperity

OCTOBER 10, 2023

All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” Starting in 2023, the age at which workers must take a required minimum distribution from their retirement plan is increasing from 72 to 73. In 2033, this age will be 75.

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401(k) Retirement Plan Taxes Benefits Package 116

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.

Pension 64

Pension Parental Leave Healthcare Government 64

Employee Benefits

MARCH 11, 2024

The Early Education and Childcare Coalition and the University of Leeds’ November 2023 study Retention and return: delivering the expansion of early years entitlement in England revealed that 35% of nursery managers said they would limit the number of places they offered unless there was more government support to retain and recruit staff.

Employment 112

Employment Parental Leave Recruitment Education 112

Insperity

SEPTEMBER 21, 2023

59% of employees feel their salary has not maintained pace with the rising cost of living. You also don’t want to have to continually replace people who leave for a better salary – it’s costly and time consuming to recruit and train new employees. But increased salaries may not always be feasible.

401(k) 108

401(k) IT Benefits Package Finance 108

Best Money Moves

MARCH 11, 2024

Making these benefits as inclusive as possible is another factor to consider. Mercer’s 2023 Health and Benefits Strategies report shows that many employees are looking for benefits packages that include parental leave, adoption leave and elder caregiver leave.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

CorpStrat

FEBRUARY 1, 2023

Last year’s labor market was a roller coaster and we believe 2023 will be no different. While most employers project an increase in salaries in 2023, many will look beyond pay alone to help attract and retain current and prospective employees. In addition, 28% say they are miserable at work.

Benefits Package 52

Benefits Package Workplace Flexibility Employee Retention Payroll 52

Employee Benefits

APRIL 19, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

Benefits Package 59

Benefits Package Salary Employee Benefits Employment 59

Empuls

DECEMBER 25, 2022

We've compiled a list of the 14 HR resolutions to focus on in 2023. As you consider your 2023 goals, don't forget what's standing between you and your success—your employee experience. Here are the top fourteen resolutions for human resources leaders in 2023.

Human Resources 52

Human Resources Benefits Package Construction Work From Home 52

PeopleStrategy

NOVEMBER 14, 2022

Check out this article to learn about six upcoming HR trends in 2023. This means that organizations in the state must disclose salaries in job postings. employers feel as if they have to supply salary information even though it isn’t legally mandated. And this reality will continue into 2023. Consequently, many U.S.

Salary 40

Salary Education Benefits Package Employment 40

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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Benefit Providers Entertainment Bonuses Benefits Package 59

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. It also promoted its discount portal and cashback card to staff to ensure they are aware of the perks available to them.

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Pension Benefit Providers Salary Benefits Package 59

Employee Benefits

FEBRUARY 26, 2024

Tom Nash, HR Business Partner, Pluxee UK In 2023, the overall employee turnover rate in the UK was 13% (Cendex). In 2023, 77% of employers reported struggling to fill open positions (Omnipresent Group). SmartPay – helping employees avoid credit cards and loans through salary deduct. SMEs (0 – 49 employees) make up 99.2%

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Employee Retention Bonuses Recruitment Taxes 111

Employee Benefits

AUGUST 29, 2023

This will result in more than 90% of staff gaining a minimum £3,125 increase in 2023-24, working out as a 7 to 15% pay increase depending on salary.

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Benefits Package Salary Employee Benefits Management 59

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.

Bonuses 59

Bonuses Pension Benefits Package Consulting 59

Employee Benefits

JULY 31, 2024

Total reward statements are personalised communications that show employees the total value of their compensation package beyond just salary. They may also include non-financial benefits such as health and wellbeing, learning and development programmes, flexible-working opportunities and recognition awards.

Pension 59

Pension Salary Benefits Package Taxes 59

Employee Benefits

JANUARY 10, 2024

Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package. and GymFlex, via salary deduction. As of June 2023, 30.7% What types of schemes are available? There are a variety of corporate gym membership schemes on offer.

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Taxes Benefits Package Salary Retail 59

Higginbotham

NOVEMBER 2, 2023

Developing an Employee Financial Wellness Program Employees typically look for competitive compensation, but a good salary alone isn’t necessarily enough to ease financial difficulties. According to a 2023 survey from the Lending Club, 60 percent of Americans are living paycheck to paycheck. The average balance is $37,718.

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401(k) Disability Insurance Benefits Package Insurance 52

Employee Benefits

JANUARY 18, 2024

Financial wellbeing benefits and incentives were at the top of the list of ways to persuade them to stay. That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. What are cost-neutral employee benefits? Read on to discover why. Affordability.

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Employee Benefits Deductions Deductible Salary 52

HR Digest

NOVEMBER 9, 2023

As 2023 draws to a close and companies begin to settle on the wages and hikes for the next year, the question of how to create an equitable compensation system might flash in everyone’s mind—if briefly. The Mercer QuickPulse US Compensation Planning Survey of August 2023 found that employers are planning a 3.9 percent of the U.S.

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Compensation System Family and Medical Leave Act Salary Parental Leave 52

WEX Inc.

SEPTEMBER 5, 2023

In a 2023 study, small business owners said recruitment and retention was one of the top problems they faced. In a May 2023 study by WEX , on a scale of 0 to 10, participants gave us a mean score of 9.11 when asked how important health benefits are to them when considering a job. employees left their jobs in 2022 than 2021.

Health Savings Account 52

Health Savings Account Taxes Education Benefits Package 52

Employee Benefits

JANUARY 16, 2024

We discussed being an employer of choice in March 2023 with our blog – You’re Ready to Become an Employer of Choice. salary, benefits, work-life balance and career progression) for the year 2024? We’ve created several blogs that are valuable resources in helping you to get your employee benefits package right.

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Salary Benefits Package Recruitment Employee Retention 59

HR Digest

JANUARY 12, 2024

Benefits packages need a critical overhaul. Shanelle Reese, Chief People Officer, Wonderschool The Talent Turnaround 2023 witnessed a seismic shift in the tech landscape, with unprecedented levels of turnover fueled by layoffs, career changes, and a resurgent job market. Retention strategies demand scrutiny.

Human Resources 109

Human Resources Education Technology Benefits Package 109

HR Digest

FEBRUARY 19, 2023

Here are some termination letter samples to learn from: Termination Letter Example for Bullying February 01, 2023 John Gong Finance Manager ID: 346578 Dear John, It is with great regret that I must inform you that your employment with DIG & Co. is being terminated effective February 03, 2023, due to a pattern of unacceptable behavior.

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Enjoy Benefits

NOVEMBER 9, 2023

Forbes Advisor recently published an article for business owners who want to boost their staff retention, called 15 Effective Employee Retention Strategies for 2023. We were delighted to see that five of the 15 strategies covered in the article can be met by the employee benefits that Enjoy Benefits offers.

Employee Benefits 52

Employee Benefits Employee Retention Salary Entertainment 52

cipHR

JANUARY 11, 2024

2023 was a busy year for HR professionals. Our recruitment software supports blind recruitment , which hides sensitive data such as name, gender and age from managers. This empowers your hiring managers to make more unbiased hiring decisions 2.

Recruitment 52

Recruitment Software Benefits Package Technology 52

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.  This is applicable up to a maximum salary of $275,000 in 2024. 

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

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.

Retail 52

Retail Pension Benefits Package Deductions 52

Empuls

APRIL 28, 2023

Employee benefits are a crucial part of any organization's overall compensation package. While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. What are employee benefits?

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

Employee Benefits

JANUARY 12, 2024

Wikipedia explains it here: Where W=weather, D=debt, d=monthly salary, T=time since Christmas, Q=time since the failure of new year’s resolutions, M=low motivational levels, and Na=the feeling of a need to take action. in 2023 (CIPD). Embed them into your employee benefits package and use them to enhance a culture of wellbeing.

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