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.

Finance 118

Finance Utilities Salary Education 118

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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Salary Employee Benefits Human Resources Employment 98

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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Salary Employment IT Employee Benefits 105

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.

Employment 110

Employment Pharmaceutical Manufacturing Food 110

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%).

Recruitment 111

Recruitment Salary Technology Employee Benefits 111

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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Work From Home Salary Employee Benefits Management 98

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.

Salary 98

Salary Management Education Finance 98

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.

Salary 86

Salary Commissions Retirement Plan Overtime 86

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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Salary Employee Benefits 98

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.

Banking 102

Banking Health Salary Employee Benefits 102

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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Salary Education Human Resources Food 95

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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Salary Media Payroll Hospitality 80

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.

Finance 98

Finance Pension Banking Retail 98

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%

Salary 69

Salary Workplace Flexibility Bonuses Employee Benefits 69

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.”

Benefits Package 118

Benefits Package Salary Pension Health Insurance 118

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.

Net Pay 119

Net Pay Salary Finance Recruitment 119

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.

Salary 59

Salary Pension Employment Recruitment 59

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?

Salary 69

Salary Employment Engineering Banking 69

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

Pension 113

Pension Salary Finance Medical 113

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.

Pension 111

Pension Medical Salary Insurance 111

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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Salary Health Taxes Employee Benefits 59

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.

Banking 111

Banking Salary Employee Benefits Management 111

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.

Salary 59

Salary Bonuses Pension Consulting 59

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.

Banking 59

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.

Salary 73

Salary Education Employee Retention Payroll 73

Employee Benefits

FEBRUARY 14, 2024

The new legislation, the Employment Relations (Flexible Working Act 2023), also allows workers to make two requests a year instead of one. A February 2023 report by global HR and payroll firm Remote showed that hybrid and remote workers are least likely to look for new roles (38%), compared to in-office workers (43.7%).

Consulting 110

Consulting Payroll Salary Recruitment 110

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.

Pension 104

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.

Health and Welfare 98

Health and Welfare Flexible Spending Account Flexible Spending Salary 98

Employee Benefits

FEBRUARY 29, 2024

The average rate of absenteeism per employee per year has increased from 5.8 in 2023 , and this is, in part, due to an increase in financial anxiety and declining mental health. Saving money on day-to-day essential products and services goes a long way to improving an employee’s financial situation. in 2019 to 7.8

IT 111

IT Salary Deductions Deductible 111

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.

Salary 59

Salary Commissions Bonuses Consulting 59

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.

Finance 118

Finance Pension Salary Education 118

Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. When combined with the cuts announced in the Autumn Statement 2023, the OBR expects that total hours worked will increase by the equivalent of around 200,000 full-time workers by 2028-29.

Insurance 111

Insurance Taxes Government Salary 111

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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Bonuses Salary Employee Benefits Employment 59

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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Engineering Retail Banking Finance 64

Employee Benefits

MARCH 14, 2024

When you think of employees and cycling, a Cycle to Work scheme is usually the first employee benefit that springs to mind… with good reason. We gathered some research in 2023 that found that 64.20% of the employees interviewed had access to a Cycle to Work scheme, but only 24.70% took advantage of it.

Deductions 105

Deductions Deductible Retail Salary 105

Employee Benefits

OCTOBER 6, 2023

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

Food 59

Food Salary Employee Benefits 59

Employee Benefits

MAY 31, 2024

How engaged are employees with your organisation’s sustainability strategy? Last week, we reported on Lego’s move to link a portion of its salaried employees’ bonus payments to annual emissions. What role do they have to play in helping to achieve targets?

Retail 101

Retail Bonuses Salary Employment 101