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Crafting Joy for Workers, Hobby Lobby Announces a Wage Hike

HR Digest

Hobby Lobby’s 2024 pay hike went into effect on October 1, 2024, so employees who apply to the company now should be able to benefit from the change. These can cumulatively improve the quality of life for any employee, and ensure they are not negatively affected by the instability in the economy. Data from the U.S.

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Holistic Wellness: 4 Benefits for a Better Plan

Best Money Moves

However, many employees feel their current benefits don’t meet their day-to-day needs, according to a 2024 Wellbeing and Voluntary Benefits Survey from HR consulting Firm Buck. Offering benefits such as tuition reimbursement and life insurance subsidies can be especially helpful for working parents.

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Fringe Benefits: A Guide to Understanding and Leveraging Employee Perks

HR Digest

401(k) matching), stock options, or performance bonuses. Work-Life Balance Perks Paid time off, flexible schedules, remote work options, and parental leave fall here. Partially Taxable: Group-term life insurance over $50,000, for instance, has a taxable portion based on IRS tables. Compliance is non-negotiable.

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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

Benefits: A list of all benefits provided by the employer, such as health insurance, retirement plans, paid time off, and life insurance. Incentive Compensation: Any bonuses, commissions, or other performance-based pay.

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Designing an Effective Total Compensation Report: Sample Templates and Tips

COMPackage

Indirect Pay: This includes all of the employee’s benefits, such as health insurance, retirement plans, paid time off, life insurance, and disability insurance. Perks: This includes any additional non-monetary benefits, such as company-provided vehicles, gym memberships, or employee discounts.

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Holistic Wellness: 4 Benefits for a Better Plan

Best Money Moves

However, many employees feel their current benefits don’t meet their day-to-day needs, according to a 2024 Wellbeing and Voluntary Benefits Survey from HR consulting Firm Buck. Offering benefits such as tuition reimbursement and life insurance subsidies can be especially helpful for working parents.

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Employee Benefits That Matter: How Small Businesses Win Big With Their Teams

Vantage Circle

Many workers today struggle with saving for retirement, and offering employer-sponsored plans gives them a much-needed head start Ideas: Offer matching contributions to 401(k)s, SEP IRAs, or SIMPLE IRAs to incentivize participation. Ideas: Offer basic life insurance coverage as a standard benefit.