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59% of British workers feel unhappy with their benefits packages

Employee Benefits

Almost six in 10 (59%) British workers feel unhappy, dissatisfied, highly dissatisfied or neutral with their benefits packages , according to new research. As many as 49% are optimistic that they will receive a salary increase in 2024, and 70% of employers plan to increase salary offers in 2024 for certain in-demand roles.

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Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included

COMPackage

Employees increasingly value a comprehensive benefits package that contributes to their financial well-being and overall work experience. This article explores the benefits of TCRSs, highlights key considerations for crafting meaningful reports, and offers a sample statement for your reference.

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Fringe Benefits: A Guide to Understanding and Leveraging Employee Perks

HR Digest

In an era of rising healthcare costs, these benefits are non-negotiable for many workers. 401(k) matching), stock options, or performance bonuses. Taxable Fringe Benefits: A company car used for personal errands, cash bonuses, or lavish retreats might trigger income tax obligations for employeesand payroll tax headaches for employers.

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Beyond the jargon: what insurance benefits really mean to your team

Workplace Insight

Offering a comprehensive employee benefits package is more important than ever, and Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. These services are free, and employees can use them without needing to make a claim.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

Starting in 2024, employees’ annual contribution limits to some SIMPLE 401(k)s or IRAs will rise. Act also allows employers to offer many optional financial benefits to their employees. Also beginning in 2024, employers who do not currently offer a retirement plan may initiate a “starter 401(k) plan.” The SECURE 2.0

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Employee retention strategies… the trick to keeping your talent

Employee Benefits

We interviewed over 1,000 UK employees and found that almost half would be looking for a new role in 2024. 180,000 is a substantial amount to pay to replace employees in 2024 – a year when business costs remain high. Are you at high risk of high employee turnover? Communication is essential, but so too is consistent reward.

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Vivup and Canada Life UK shortlisted for Best supplier to work for

Employee Benefits

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.