Employee Benefit News

FEBRUARY 13, 2024

With innovative offerings and consistent education, employer benefits packages better meet the needs of all involved.

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Employee Benefits

MAY 13, 2024

Employers should communicate with employees to understand what they need from a flexible benefits package. Benefits that are offered as part of a flex scheme need to add value. As employees’ needs can change throughout the year, more frequent benefits enrolment windows can provide greater flexibility and choice.

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Employee Benefits

APRIL 5, 2024

Energy technology firm Baker Hughes and airline operator EasyJet have been shortlisted in the Best benefits communications – large employer category at the Employee Benefits Awards 2024. Successful entrants will have demonstrated an effective and innovative approach to benefits communications.

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Employee Benefits

FEBRUARY 12, 2024

The report which surveyed 2,006 employers in January 2024, found that the median expected basic pay increase in the private sector has fallen from 5% to 4% since the last quarter, while pay expectations in the public sector have fallen further from 5% to 3% which could lead to difficulties attracting and retaining public sector staff. “To

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Employee Benefits

MAY 20, 2024

Flexible benefits , voluntary benefits, and allowances or pots offer the potential for greater personalisation. A robust communications programme delivering frequent messaging in different formats helps employees know what is available, increasing the value of the benefits package.

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Employee Benefits

APRIL 19, 2024

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

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Employee Benefits

JANUARY 18, 2024

Our research found that almost half of UK employees say they’re likely to look for a new role in 2024. Financial wellbeing benefits and incentives were at the top of the list of ways to persuade them to stay. 45% of Brits made their personal finances part of their resolutions for 2024 (Workplace Wellbeing Professional).

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Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. adults, job seekers indeed value benefits while considering opportunities. Understanding the benefits of the employee: Enhanced satisfaction through a well-designed benefits package.

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Sodexo Engage

AUGUST 6, 2024

Employee Benefits and Discounts daniel.rhodes Tue, 08/06/2024 - 14:11 More moments of joy for your people Instant discounts (up to 20%) on essentials, treats & holidays. Free employee engagement and wellbeing resources. There was a time when an employee benefit was just a perk of the job.

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Sodexo Engage

AUGUST 6, 2024

Employee Benefits and Discounts daniel.rhodes Tue, 08/06/2024 - 14:11 More moments of joy for your people Instant discounts (up to 20%) on essentials, treats & holidays. Free employee engagement and wellbeing resources. There was a time when an employee benefit was just a perk of the job.

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Best Money Moves

AUGUST 6, 2024

Many employees cannot afford a $1000 emergency Having enough money for a rainy day is a key pillar of financial resiliency. In case of an emergency like car maintenance or an unexpected bill, a rainy day fund can help employees avoid debt from unexpected expenses.

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HR Lineup

FEBRUARY 5, 2024

Any business requires the best payroll software 2024 to manage its employees’ payroll. The software should be very effective to manage taxes and employee benefits. It should also ensure that employees receive accurate information concerning their wages/salaries or any other deductions.

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Employee Benefits

JANUARY 16, 2024

Our research – hot off the press – of 1002 full-time UK employees found that nearly half are likely to actively search for a new job opportunity in 2024. Read on to discover which age range plan to spread their wings, and the steps you can take to reduce employee turnover and retain your talent. 28.45% were aged 55+.

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Employee Benefits

FEBRUARY 26, 2024

High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Are you at high risk of high employee turnover? We interviewed over 1,000 UK employees and found that almost half would be looking for a new role in 2024.

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Insperity

OCTOBER 10, 2023

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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Best Money Moves

JULY 30, 2024

The right benefits strategy is critical to attracting and retaining talent at any company. 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. Don’t let simple benefits mistakes derail your entire organization.

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Empuls

FEBRUARY 26, 2024

  Workplace dynamics are constantly evolving, the year 2024 promises a revolutionary shift in how organizations approach employee experience. From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.

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Employee Benefits

FEBRUARY 12, 2024

Just one in five (20%) working parents receive some kind of parenting support as part of their benefits package, according to research by REC Parenting. Just over a quarter (28%) of younger parents aged 34 and under who have very young children said they have dedicated parental benefits, compared to 16% of those aged 35 and over.

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Employee Benefits

JUNE 4, 2024

The Coca-Cola Company and professional services network Deloitte have been shortlisted for Best use of benefits technology at the Employee Benefits Awards 2024. The Employee Benefits Awards, now in its 22nd year, recognises those driving excellence through their reward and benefits strategies.

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Best Money Moves

DECEMBER 9, 2024

As 2024 comes to a close, HR professionals are rethinking benefits strategy going into next year. This past year has been shaped by major financial uncertainty and advancements, influencing the benefits trends going into next year. All of these factors mean that employee needs are changing.

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HR Professionals Magazine

JANUARY 3, 2024

By reviewing employee selections, you can compare the cost effectiveness of certain plan options and re-forecast how they will affect the benefits budget in 2024. By employing a forward-looking approach you’ll be sure to keep your benefits package relevant and attractive in a competitive job market.

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Employee Benefits

JULY 15, 2024

An organisation should regularly communicate its benefits to current and potential employees if it wants to promote itself as an employer of choice. With this in mind, what impact can employers’ reward and benefits strategies have on recruitment and retention? appeared first on Employee Benefits.

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PeopleKeep

AUGUST 18, 2023

If you’re an employer with a limited budget, you may find it hard to offer employee benefits. But a quality and personalized benefits package is necessary for your organization to be competitive.

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PeopleKeep

AUGUST 7, 2024

It's essential to recognize the value of offering dental insurance to your employees. Following health benefits, it's the most desired employee benefit you can offer. According to our 2024 Employee Benefits Survey, 91% of employees rated dental insurance as important.

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Employee Benefits

MAY 20, 2024

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.

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Sodexo Engage

JULY 19, 2024

SIG UK Case Study corin.chapman Fri, 07/19/2024 - 10:12 SIG UK: Giving their people more. Increasing employee engagement and financial wellbeing with the benefits that matter most. I’m thrilled to bits with the benefits package offered by SIG UK. I’ve not felt this valued by a company in a long time.

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Sodexo Engage

JULY 19, 2024

SIG UK Case Study corin.chapman Fri, 07/19/2024 - 10:12 SIG UK: Giving their people more. Increasing employee engagement and financial wellbeing with the benefits that matter most. I’m thrilled to bits with the benefits package offered by SIG UK. I’ve not felt this valued by a company in a long time.

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Employee Benefits

OCTOBER 10, 2023

In addition, minimum starting pay for this group of employees will further increase to between £12.30 and £13 per hour depending on location as of April 2024. The post Amazon increases UK minimum starting pay appeared first on Employee Benefits. and £12.50 per hour, depending on location.

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Employee Benefits

MAY 6, 2024

Credit: Achira22/Shutterstock What are off-the-shelf voluntary benefits packages? Voluntary benefits are additional benefits that employers can offer to their employees alongside their salary. They can then use that information to improve their benefits offering in the future.

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InterWest Insurance Services

JANUARY 12, 2024

Some 15% of the businesses surveyed were considering adding this type of offering in 2024 or 2025, the professional services company found. Typically, these apps are provided as a voluntary or wellness benefit. Examples Recently Amazon announced that as part of its employee benefits package it would offer the therapist-like app Twill.

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Employee Benefits

JULY 24, 2024

Employee benefits professionals are key to helping organisations navigate what can be a complex product and regulatory landscape. Research by Wealth at Work, published in June 2024, meanwhile, found that two-fifths (39%) of employees believe they will not be able to ever retire due to the rising costs of living.

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Employee Benefits

JANUARY 10, 2024

Credit: Ned Snowman / Shutterstock.com Mitsubishi UFJ Financial Group (MUFG) has enhanced its benefits for its working parents and those with caring responsibilities in the UK to drive diversity and inclusion within the organisation. One session is equal to one day at nursery and up to five hours of in-home adult care.

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Employee Benefits

JANUARY 12, 2024

So, according to these, what does 2024 have in store for HR, reward and benefits professionals? Updating benefits packages: There are also myriad opinions around the type of benefits packages employers will offer over the coming year. appeared first on Employee Benefits.

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Employee Benefits

MARCH 8, 2024

According to IWG’s 2024 report Advancing equality: women in the hybrid workplace , two-thirds of respondents said hybrid working has opened up opportunities at work that they would not have had otherwise, while more than half (53%) said the flexibility of hybrid working had enabled them to pursue promotions or apply for more senior roles.

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Higginbotham

SEPTEMBER 16, 2024

Offering a high-deductible health plan as part of an employee benefits package, therefore, may be a strategic option for your organization. As of 2024, the IRS requires that qualifying HDHPs have a minimum deductible of $1,600 for self-only coverage and a minimum deductible of $3,200 for family coverage.

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Workplace Insight

OCTOBER 29, 2024

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. Or if the worst happens, their family will be looked after.

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HR Digest

AUGUST 24, 2022

Employers experienced the smallest healthcare costs increase in decades during the COVID-19 pandemic as individuals deferred care or relied on telehealth, but now the United States will likely see more than a 5% increase in health benefits costs this year. Retain Talent with a Rich Pharmacy Benefits Package.

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