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PayrollOrg
DECEMBER 1, 2023
The biennial survey, the 2023 Payroll Industry Report: Results of PayrollOrg’s Survey of Salaries & the Payroll Profession, is a comprehensive overview of the payroll function, providing a wealth of useful statistics and discernible trends, published as a convenient eBook.
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Employee Benefit News
DECEMBER 9, 2022
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Employee Benefit News
FEBRUARY 3, 2023
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HR Lineup
MARCH 9, 2023
Here are ten recruiting hacks to help you find the best job candidates in 2023. Top 10 Recruitment Hacks to Hire the Best Talent in 2023 1. Offer Competitive Salaries and Benefits Offering competitive salaries and benefits is essential to attracting top talent.
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HR Lineup
MARCH 17, 2023
To help guide you in the selection process, we have compiled a list of the 10 best 360 degree employee feedback software in 2023. It is often tied to a performance rating or score, which can be used to determine salary increases, promotions, or other rewards.
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International Foundation of Employee Benefit Plans
NOVEMBER 3, 2022
Organizations are planning salary increases and closely examining their total rewards packages for the year ahead in response to changing workforce demands. Read more > The post 68% of Employers Are Planning Salary Increases for 2023 appeared first on Word on Benefits. The International Foundation surveyed U.S.
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PayrollOrg
MARCH 2, 2023
In this March 2023 edition of Compliance TV: IRS Finalizes Rules to Lower Electronic Filing Threshold for 2024; Supreme Court Rules HCE Was Owed Overtime, Not Paid a Salary; IRS Releases 2023 Form 941, Schedules, and Instructions; and more.
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HR Digest
JANUARY 14, 2023
It’s no news that the business world will experience changes in management in 2023. While many changes are likely to be incremental, there are a few trends that will have a large impact on HR in 2023 and the years to come. This article outlines some of the changes HR should consider in 2023 and what each of them is all about.
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Employee Benefits
JULY 15, 2024
Half (49%) of UK organisations reported that their 2024 salary budgets were lower than the previous year, according to global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Salary budget planning report was compiled by its Rewards Data Intelligence practice.
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HR Digest
MARCH 12, 2025
In 2025, salaries alone no longer define an attractive employment offer. At its core, the fringe benefits meaning refers to any compensation provided to employees beyond their regular wages or salaries. According to a 2023 SHRM survey, 68% of employees prefer jobs with top-tier benefits over higher pay. What are fringe benefits?
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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
NOVEMBER 15, 2023
Salary sacrifice solutions can help to make employee benefits cost-neutral, freeing up the budget to utilise in other business areas. The Rewards and Employee Benefits Association (REBA) has recently published their Financial Wellbeing Research for 2023. 42% also paid one-off cost-of-living payments during the same period.
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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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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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Money Talk
JULY 13, 2023
Below is a brief summary of a few key retirement savings provisions from about 100 changes contained in this legislation: RMD Changes- Effective January 1, 2023, the starting age for required minimum distributions (RMDs) for people born from 1951 to 1959 is now 73 instead of 72 and the starting age for those born in 1960 or later is now 75.
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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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Employee Benefits
SEPTEMBER 12, 2023
Annual pay growth , excluding bonuses, from May to July 2023 was 7.8%, according to data from the Office for National Statistics (ONS). Annual growth in employees’ average total pay including bonuses was 8.5%, due to NHS and Civil Service one-off payments made in June and July 2023. appeared first on Employee Benefits.
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HR Lineup
OCTOBER 5, 2023
HR software has become an indispensable tool for small businesses in 2023, streamlining various HR functions such as payroll, employee onboarding, time tracking, and performance management. To help you make an informed decision, here are the top 10 HR software options for small businesses in 2023.
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HR Lineup
OCTOBER 25, 2023
As we step into 2023, retirement planning has become more critical than ever. In this article, we’ll explore the top 10 401(k) providers for 2023, each offering unique features and benefits to help you make an informed decision. 10 Best 401(k) companies of 2023 1. What is a 401(k)?
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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. With a recession looming in 2023, helping employees bolster their financial health should be at the top of every employer’s to-do list. Here are the top 3 financial issues facing your workforce in 2023.
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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
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. Alphabet GB.
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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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HR Digest
DECEMBER 27, 2023
Many new employment laws in 2023 have been introduced to reshape the regulations that oversee the safety of US citizens, and companies that want to avoid any complications in the future should ensure they update their regulations and policies to match them as well. According to Bloomberg Law, the FTC will vote on the rule in April 2024.
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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. ” The post 75% of HR professionals see mental wellbeing as key focus for 2023 appeared first on Employee Benefits.
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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. Remember that salary and compensation are only part of the total reward picture. It is this trust and shared insight that will ultimately help manage employees’ expectations around pay.”
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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
MARCH 23, 2023
The question is, what can businesses, in particular HR and Reward teams, do to thrive in 2023? Inflation, cost of living, and static salaries mean employees’ financial health cannot be overlooked this year. We have something to give across every single one of 2023’s employee benefit trends. ** Find out more about nudge.
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?
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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InterWest Insurance Services
DECEMBER 14, 2022
As 2023 draws near, so does a slew of new laws and regulations that will affect California businesses. Note: The law defines “pay scale” as the salary or hourly wage range that the employer “reasonably expects” to pay for the position. 1, 2023, does not cover first responders and health care workers.
Money Talk
OCTOBER 27, 2022
While taxpayers have until the tax filing deadline in April 2023 to contribute to an individual retirement account (IRA) for 2022, many people prefer to make all of their current year tax-saving moves before year-end. This leaves about two months to make an IRA deposit during the 2022 calendar year or up to six months if you wait until April.
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Benefit Resource Inc.
JANUARY 3, 2023
If you’re in the 70% of people who have health-related goals for 2023, let’s take a look at how pre-tax benefits can help set goals and prioritize your health this year and beyond. As we begin 2023 fresh with optimism for achieving our goals — make sure you set yourself up for success by utilizing pre-tax benefits.
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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. To help, WEALTH at work, a leading financial wellbeing and retirement specialist, shares its money management tips to help employees budget, save and stay on top of their finances throughout 2023.
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Vantage Circle
JANUARY 16, 2023
To make that task easier for you, we have curated an HR Calendar 2023 that contains a comprehensive list of holidays, special events, and culturally significant moments that you should mark (and plan for) in 2023. The Comprehensive 2023 HR Calendar That Needs To Be Pinned Up. New Year's Day: January 1, 2023, Sunday.
Money Talk
FEBRUARY 15, 2024
With 2023 tax season well underway, now is a good time to examine income tax rates, which are a percentage of taxpayers’ income that is taxed. Examples include salary, wage, commission, bonus, and tip income, rents and royalties, interest, and required minimum distribution (RMD) withdrawals from tax-deferred retirement savings accounts (e.g.,
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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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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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HR Digest
SEPTEMBER 6, 2024
Back in 2023, the company made a similar announcement in the UK, increasing the starting pay for store assistants to £11.40 As per Aldi’s plans for a wage increase, the starting wages for open store positions will stand at $18 USD per hour, and for warehouse workers, the numbers will begin at $23 USD per hour. GBP per hour nationally.
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Money Talk
APRIL 27, 2023
Four months into 2023, it is still appropriate to consider setting goals. Examples: save $10,000 toward the cost of a new car in 10 years and save 10% of salary in a 401(k) plan for 25 years. Goals are a statement of what an individual, family, or organization wants to achieve in the future. They are not just for New Year’s Eve.
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HR Digest
MAY 29, 2024
Kroger’s 2023 financial report recently revealed that the Kroger CEO took a pay cut with a compensation package that was 18 percent less than in 2022. The Kroger CEO’s salary and the benefits provided to senior executives are strongly tied to the annual performance of the company, and while Kroger described it as strong, there was a slight 0.5
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Griffin Benefits
JANUARY 20, 2023
As such, savvy HR leaders and professionals will approach 2023 with human-centric strategies that holistically support and benefit workers. Today we'll highlight six HR trends to follow in 2023. However, salary budgets for American employees are projected to increase in 2023. The labor market also continues to evolve.
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