Employee Benefits

JANUARY 19, 2024

One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. While more than half (58%) were confident they will recruit the people they need this quarter, 30% admitted meeting salary expectations will be a challenge.

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Employee Benefits

FEBRUARY 22, 2023

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

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McDermott Will & Emery Employee Benefits

OCTOBER 27, 2022

California companies with more than 15 California-based employees will have to disclose hourly or annual salary ranges for all job postings by January 1, 2023. The post Companies with 15 or More California-based Employees Must Start Disclosing Salary Ranges in All Job Postings appeared first on EMPLOYEE BENEFITS BLOG.

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Best Money Moves

JANUARY 10, 2023

Financial Stress in 2023: 3 Problems Facing Your Workforce. 2023 is shaping up to be a tough financial year. Keep an eye out for these 3 major causes of financial stress among your employees. With a recession looming in 2023, helping employees bolster their financial health should be at the top of every employer’s to-do list.

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HR Lineup

OCTOBER 30, 2023

As we venture into 2023, businesses are seeking cutting-edge solutions to simplify HR and accounting tasks. In this article, we will explore the top 10 HR accounting software options available in 2023, each offering a unique set of features and capabilities to cater to different business needs.

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HR Digest

MAY 25, 2023

The deeply embedded generational norms and cultural taboo of sharing salaries are being eroded as a new wave of pay transparency rules inundated America’s workplace problems. At the beginning of 2023, Washington, New York, and California joined Colorado’s leaders in preparing for salary transparency for most open jobs.

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Employee Benefits

JANUARY 17, 2023

Food and drink manufacturer PepsiCo UK and pharmaceutical firm Pfizer UK have made the Top UK Employers list for 2023. According to the institute, Mitie’s entry stood out with the introduction of benefits available for all 68,000 colleagues, including 24/7 access to a virtual GP service, life assurance, and salary advance.

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Employee Benefits

NOVEMBER 29, 2022

The majority (75%) of HR professionals stated that mental health and wellbeing would be the most important area in which to provide support to staff in 2023, according to research by WorkNest. Other key challenges included recruitment (55%), skills shortages (34%) and employee engagement (24%).

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Employee Benefits

AUGUST 11, 2023

between 3 – 9 August were: Bunzl, Ocado and Rolls Royce among top UK firms for retention 51% of staff would sacrifice benefits to work from home Anchor receives menopause-friendly accreditation Shoosmiths enhances family-friendly policies How can pay transparency manage employees’ expectations around salary?

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Employee Benefits

AUGUST 2, 2023

Transparency around pay levels and salary capabilities helps to avoid frustration and misunderstandings and instead provide clarity and reassurance. When it comes to asking for a pay rise, knowing what those in a higher position are earning can help employees create more realistic expectations in terms of what they should be asking for.

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Vantage Circle

JUNE 9, 2023

To bring in the best talent, you need to be offering the most competitive salaries, and that is what is going to change the end game. What is Salary Benchmarking? What is Salary Benchmarking? Salary benchmarking involves matching or exceeding the ‘benchmark’ salary levels across your industry.

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HR Digest

SEPTEMBER 18, 2023

Signed into law in 2022 by New York Governor Kathy Hochul, New York’s pay transparency law in 2023 is all set to go. Effective from 17 September this year, the pay transparency law will now enforce regulations that ensure employers who want to advertise a job posting are clear about what salaries applicants could expect for the position.

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Employee Benefits

DECEMBER 28, 2022

A higher salary or shorter commute will always exist somewhere else, but there are many other things you can do to minimise the flight risk of your staff next year and beyond. . The post How to poach-proof your team in 2023 appeared first on Employee Benefits.

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Employee Benefits

OCTOBER 12, 2023

Alcohol brand Jägermeister, travel firm Virgin Atlantic and Zopa Bank have been named as some of the UK’s Top 100 Most Loved Workplaces 2023. With above average salaries and benefits , employees said they are empowered to succeed by leadership that responds to their needs.

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HR Digest

JUNE 24, 2022

According to the American Association of University Professors (AAUP), faculty salaries fell by nearly 5% in 2021-22 when wages were adjusted for inflation. The AAUP report highlighted the fact that faculty salaries fell by nearly 5% in 2021-22, as inflation soars to record highs. That’s the market comparison to make.”

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Employee Benefits

JANUARY 17, 2023

With increasing costs continually putting pressure on household finances, 2023 is set to be a financially challenging year for many. It’s therefore now more important than ever to support employees to take control of their finances to successfully navigate the cost-of-living crisis. Create a budget.

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Employee Benefits

JUNE 30, 2023

Salary budgets for UK employees are expected to decline in 2024 after peaking this year, according to research by Willis Towers Watson. The global advisory, broking and solutions firm’s latest Salary budget planning survey found that UK employers are budgeting an average increase of 4.4% increase in 2023 and the average 4.3%

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Bayzat

OCTOBER 31, 2024

Sometimes referred to as a salary package, an employee compensation package is the overall combination of financial and non-financial rewards that employees receive in exchange for their work. Falling out of touch with what makes a strong employee compensation package may mean your company is losing its competitive edge.

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Best Money Moves

JULY 30, 2024

In a recent PeopleKeep survey, 81 percent of respondents felt that an employer’s benefits package was a deciding factor when accepting a new job. In fact, according to MetLife’s 2024 Employee Benefit Trends Study, 93 percent of employees consider workplace wellbeing as important as salary.

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Employee Benefits

OCTOBER 24, 2023

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. Benefits around wellbeing and flexibility remain top of the pile.”

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Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important?

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Employee Benefits

JANUARY 3, 2024

“Stretching net pay, for example, by offering season ticket loans, or maximising opportunities to save money through salary sacrifice [arrangements], will be of significant value to employees,” says Last. The post What will employee motivation look like in 2024? appeared first on Employee Benefits.

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HR Digest

MARCH 17, 2023

According to recent data from Indeed, salary transparency has more than doubled in the past three years. In February 2020, only 18% of job listings included employer-provided salary information. Fast forward to February 2023, and that number has skyrocketed to 44%. Why post salary information on job listings?

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Employee Benefits

DECEMBER 1, 2023

Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man. Workers worldwide are placing greater importance on flexible non-salary benefits, signalling a shift towards more personalised and immediate value-adding benefits. This

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Employee Benefits

MAY 9, 2024

The employees have stated that they have asked for an increase to pilot and technical crew salaries and allowances in line with the rate of inflation backdated to 1 April 2023, as well as an increase to the employer’s pension contribution rate. Bristow Helicopters was contacted for comment prior to publication.

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Employee Benefits

DECEMBER 5, 2023

Learnd has introduced an electric vehicle (EV) salary sacrifice scheme for 200 eligible employees. The scheme, which is provided by fleet management firm Gofor, was rolled out to employees via a webinar. Learnd initially appointed Gofor as its sole supplier to decarbonise and manage its 100-strong fleet in January 2023.

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Employee Benefits

DECEMBER 2, 2022

The payment will be made in January 2023. In addition to the cost-of-living payment, NatWest has outlined its annual pay offer for 2023, which comprises an increase of at least £2,000 per year for UK members of staff, depending on individual performance, to take effect from 1 April.

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Employee Benefits

MARCH 3, 2022

The Financial Conduct Authority (FCA) is to increase salaries and performance-related pay for its employees. Other salary increases and performance-related pay will result in an overall increase of around £5,500. Other salary increases and performance-related pay will result in an overall increase of around £5,500.

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Employee Benefits

DECEMBER 7, 2022

London-headquartered Zopa Bank has raised the minimum salary for its more than 600-strong workforce by more than 20% as a response to the cost-of-living crisis. The bank raised its base salary to a minimum of £27,000, 25% above the London living wage.

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Banking Salary Health Insurance Bonuses 59

Griffin Benefits

JANUARY 20, 2023

Just as HR professionals quickly adapted to changes at the height of the pandemic, they must now adapt and respond to today’s evolving expectations of organizations and employees alike. As such, savvy HR leaders and professionals will approach 2023 with human-centric strategies that holistically support and benefit workers.

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Employee Benefits

NOVEMBER 16, 2022

David Thomas, chief executive officer of the Leicestershire-based firm, told staff in a letter on 15 November that they will receive the hand-out in equal instalments over the first six months of 2023. In addition, Barratt Homes has extended its private medical insurance cover to all of its employees for the first time.

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Pension Salary Medical Insurance 104

McDermott Will & Emery Employee Benefits

OCTOBER 19, 2022

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […]. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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Employee Benefits

DECEMBER 8, 2022

International recruitment firm STR Group has given its workforce a pay rise worth 5%, an investment of more than £250,000, as of 1 January 2023. Eligible employees are now able to earn commission on all billings, rather than those above a specific threshold.

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Employee Benefits

FEBRUARY 28, 2024

Organisations are more likely to publish information on salary ranges than specific salaries, according to research by professional body the Chartered Institute of Personnel and Development (CIPD). Eight in 10 (80%) increased employees’ base pay in the year to October 2023.

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Employee Benefits

FEBRUARY 6, 2023

Employers are experiencing increasing demand from employees for salary rises because of the pressures on everyday financial wellbeing, such as the ever-rising cost of living , inflation and interest rates. Employees are asking for help for acute issues around spending and borrowing,” he says.

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Finance Pension Salary Education 118

Employee Benefits

JUNE 30, 2023

between 29 June 2023 were: Medtronic accredited as menopause-friendly employer Allianz introduces electric vehicle salary sacrifice scheme Who will win at the Employee Benefits Awards 2023? Exclusive: GI Group wins Grand Prix at Employee Benefits Awards 2023 TotalEnergies staff accept 15.5%

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Employee Benefits

NOVEMBER 9, 2023

Credit: Sundry Photography / Shutterstock.com Amazon, Barclays and BT have been named among the most sought-after workplaces in 2023. In order to establish the rankings, BusinessNameGenerator.com took a seed list of more than 40 jobs in demand in 2023 from Glassdoor, LinkedIn and Edmissions. Amazon 2 = Barclays 2 = BT 4. Accenture 5.

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