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). Two-fifths (39%) of respondents reported having trouble attracting and retaining talent in 2024, dropping from 48% over the past two years.

Salary 105

Salary Bonuses Workplace Flexibility Payroll 105

Employee Benefit News

DECEMBER 26, 2024

Comparably ranked companies based on their total compensation packages, including salaries, raises, benefits and bonuses.

Bonuses 130

Bonuses Salary Employee Benefits 130

Vantage Circle

MAY 15, 2024

As we look ahead to 2024, organizations are getting savvier about using recognition to boost engagement, retention, and business performance. We're going to lay out all the latest trends and best practices for 2024 to help you build an innovative, future-proof appreciation strategy that works for your unique workforce.

Employee Recognition 105

Employee Recognition Bonuses Utilities Media 105

Empuls

AUGUST 22, 2024

Monetary bonuses  Provide a cash bonus as a direct and highly appreciated form of recognition. In 2024, organizations must focus on personalization, automation, and engagement to create impactful award programs. This not only rewards the employee but also promotes a sense of pride and belonging. 

Employee Retention 40

Employee Retention Paid Vacation Bonuses Electronics 40

HR Digest

MARCH 12, 2025

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. In an era of rising healthcare costs, these benefits are non-negotiable for many workers.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

Employee Benefits

AUGUST 2, 2024

Credit: Hethers / Shutterstock.com Something for the weekend: Most people have been glued to their televisions watching the Paris 2024 Olympics for the past few days, marvelling at the talent of the athletes. It turns out that some of them don’t just come home with medals, but with special bonuses as well!

Bonuses 59

Bonuses Employee Benefits IT 59

Vantage Circle

DECEMBER 11, 2024

With the US software market projected to grow at a CAGR of approximately 7.17% during the forecast period of 2024–2030, retaining top talent and fostering innovation aren’t just priorities—they’re business essentials. Spot bonuses and incentives do exactly that.

Software 98

Software Bonuses Engineering Technology 98

Empuls

AUGUST 27, 2024

Unlike standard holiday bonuses, these gifts aim to forge a deeper connection between employees and the organization. What are employee engagement gifts? Employee engagement gifts are tangible expressions of appreciation given to recognize hard work, dedication, and contributions.

Retail 40

Retail Electronics Banking Human Resources 40

Empuls

AUGUST 14, 2024

They can include bonuses, gift cards, or extra time off.  Monetary benefits: A classic yet powerful way of rewarding employees is by providing them bonuses or cash rewards. Together, they can help companies develop a positive work environment where the employees feel validated and appreciated.

Bonuses 40

Bonuses Paid Leave Software Health 40

15Five

JANUARY 16, 2024

Here’s a treasure trove of stats on employee retention in 2024. Source How To Take Control Over Employee Retention in 2024 So turnover is down, employee tenure is up, and most people want good salaries, stable jobs, and the opportunity to do their best work. To do that, you need data. Luckily, we’ve got it. From sources like the U.S.

Employee Retention 98

Employee Retention Salary Bonuses Employment 98

HR Digest

NOVEMBER 7, 2024

This increase in the 401(k) cap brings up the annual individual contribution limit by $500 and equals the change we saw going from 2023 into 2024. The IRA catch-up contribution limit for people over 50 and above has also remained unchanged from 2024, standing at $1,000.

401(k) 76

401(k) Bonuses Utilities Government 76

Money Talk

FEBRUARY 15, 2024

For example, if a couple owes $25,000 on a $150,000 taxable joint income, their effective tax rate is $25,000 ÷ $150,000 = 16.7%, even though their 2023 and 2024 marginal tax bracket is 22%. The term “ordinary income” is frequently used to refer to income sources that are taxed at the marginal tax rates described above.

Taxes 185

Taxes 401(k) Commissions Bonuses 185

Employee Benefits

MARCH 7, 2024

Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The post Greggs to share £17.6

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 59

Employee Benefits

DECEMBER 5, 2023

Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment. Hourly-paid staff will receive a 10% pay increase in 2024, while salaried workers will see a rise of 5% on average. per hour to £12.60

Bonuses 59

Bonuses Retail Health Government 59

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 Package 118

Benefits Package Salary Pension Health Insurance 118

Employee Benefits

MARCH 13, 2024

Median monthly pay for February 2024 increased by 5.5% Annual growth in total earnings including bonuses was 5.6% in November 2023 to January 2024, and annual growth in average regular earnings excluding bonuses was 6.1%. in November 2023 to January 2024, and for regular pay rose on the year by 1.8%.

Bonuses 109

Bonuses Hospitality Retail Employee Benefits 109

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. Additional measures include higher base salaries (36%), hiring people in relevant salary ranges (35%), targeted base salary increases (34%) and enhanced use of retention bonuses (27%). 2022 pay rises.

Salary 69

Salary Workplace Flexibility Bonuses Employee Benefits 69

Employee Benefits

DECEMBER 13, 2023

This means that UK banks that had to limit variable remuneration to 200% of fixed pay are now permitted to pay bonuses at a higher level. The flexibility to reduce fixed pay and deliver a higher proportion of pay through bonuses will be welcome. The bonus cap has been removed.

Bonuses 105

Bonuses Banking Consulting Government 105

Employee Benefits

OCTOBER 27, 2023

From 1 January 2024, it will introduce healthcare benefits for the first time for all employees in the Republic of Ireland and Northern Ireland. Allied Irish Banks (AIB) is to introduce healthcare benefits and a bonus worth up to €12,700 for all employees.

Healthcare Benefits 59

Healthcare Benefits Bonuses Healthcare Paid Leave 59

COMPackage

NOVEMBER 3, 2024

Other Compensation: This can include items like company-provided equipment, professional development opportunities, or profit-sharing bonuses. Benefits: A detailed breakdown of employer-sponsored benefits like health insurance, paid time off (PTO), retirement plans, and wellness programs.

401(k) 52

401(k) Retirement Plan Benefits Package Health Insurance 52

Employee Benefits

FEBRUARY 23, 2023

The deal included guaranteed paid overtime, annual increases to minimum salary at each level for each year of the contract, starting from $47,500 this year, $48,500 in 2024, and $50,000 in 2025, a $1,500 ratification bonus and guaranteed annual raises for staff following positive performance reviews.

Bonuses 59

Bonuses Overtime Salary Education 59

Employee Benefits

JULY 27, 2023

Law firm Osborne Clarke has announced that in order to be considered for a bonus from 2024, employees will need to come into the workplace at least three times a week. The post Osborne Clarke links bonus eligibility to working location appeared first on Employee Benefits.

Bonuses 52

Bonuses Parental Leave Medical Insurance 52

Employee Benefits

JUNE 28, 2024

The top 10 most read articles between 21 – 27 June 2024 on employeebenefits.co.uk The top 10 most read articles between 21 – 27 June 2024 on employeebenefits.co.uk

Parental Leave 59

Parental Leave Bonuses Employee Benefits Employment 59

Employee Benefits

AUGUST 16, 2024

The top 10 most read articles between 9 – 15 August 2024 on employeebenefits.co.uk The top 10 most read articles between 9 – 15 August 2024 on employeebenefits.co.uk The top 10 most read articles between 9 – 15 August 2024 on employeebenefits.co.uk

Bonuses 59

Bonuses Employee Benefits Employment Management 59

Employee Benefits

MAY 31, 2024

The top 10 most read articles between 24 – 30 May 2024 on employeebenefits.co.uk The top 10 most read articles between 24 – 30 May 2024 on employeebenefits.co.uk

Parental Leave 59

Parental Leave Pension Salary Bonuses 59

Employee Benefits

AUGUST 9, 2024

The top 10 most read articles between 2 – 8 August 2024 on employeebenefits.co.uk billion pensions buy-in The post The top 10 most read articles between 2 – 8 August 2024 appeared first on Employee Benefits. The top 10 most read articles between 2 – 8 August 2024 on employeebenefits.co.uk

Pension 59

Pension Healthcare Benefits Bonuses Healthcare 59

Employee Benefits

AUGUST 8, 2024

As part of its latest study People at work 2024: a global workforce view , it surveyed more than 34,000 workers across 18 countries, and found that a one-off payment is more popular among female respondents (42%) than males (33%).

Bonuses 104

Bonuses Transportation Salary Employee Benefits 104

Employee Benefits

JANUARY 26, 2024

between 19 – 25 January 2024 were: Lidl GB gives pay rise to 26,000 hourly-paid employees FCA manager loses full-time work from home claim Mitie, The Perfume Shop and NFU Mutual UK certified as UK top employers Lloyds Banking Group reports 5.7% The top 10 most-read articles on employeebenefits.co.uk

Pension 59

Pension Engineering Banking Construction 59

Employee Benefits

FEBRUARY 16, 2024

between 9 – 15 February 2024 were: B&Q to increase minimum hourly pay Amazon workers begin three-day strike over pay Greene King implements inclusive fertility and IVF treatment policy Hermès to award €4,000 bonus to all employees Linklaters reports 5.5% The top 10 most-read articles on employeebenefits.co.uk

Bonuses 59

Bonuses Employee Benefits Employment 59

Employee Benefits

FEBRUARY 23, 2024

for 2023 The post The top 10 most-read articles between 16 – 22 February 2024 appeared first on Employee Benefits. for 2023 The post The top 10 most-read articles between 16 – 22 February 2024 appeared first on Employee Benefits. The top 10 most-read articles on employeebenefits.co.uk

Parental Leave 59

Parental Leave Bonuses Employee Benefits 59

HR Digest

JUNE 22, 2024

Greece’s six-day workweek will go into effect on July 1, 2024, which leaves workers and unions with little time to protest its adoption now that the work climate is about to change drastically soon enough. This particular condition has been added in to deter union activists from getting in the way of work.

Banking 109

Banking Government Commissions Human Resources 109

HR Digest

JULY 11, 2024

All the employees who were informed of their roles being cut on July 10 have 60 days to plan their next step with their last working day on September 9, 2024. Similar support will be extended to other countries depending on local regulations.

Health Insurance 52

Health Insurance Engineering Bonuses Insurance 52

Vantage Circle

MAY 20, 2024

Employee Advocacy: These platforms provide software that offers Social Media Integrations, Tracking and Measuring Engagement, Content Booster, Publishing Studio, Content Analytics, Content Sources, Brand Communications, and Social Selling. It works well on any device and can be customized to function alongside other business software.

Software 105

Software Media Food Employee Wellness 105

Proskauer's Employee Benefits & Executive Compensa

JANUARY 9, 2024

Glass Lewis (“GL”) recently released its annual Benchmark Policy Guidelines for 2024. Institutional Shareholder Services (“ISS”) also released updates to its voting policies for 2024, including new and updated responses to its Compensation Policies FAQ.

Executive Compensation 59

Executive Compensation Bonuses Utilities Employee Benefits 59

Vantage Circle

NOVEMBER 4, 2024

Recommended Resource: Psychology of Employee Recognition: Understanding The Fundamentals in 2024 Recognition Strategies to Build High Performing Teams 1. Budget Constrain Fancy rewards and bonuses are not always possible, especially for smaller teams or companies with tighter budgets.

Employee Recognition 89

Employee Recognition Retail Bonuses Management 89

Employee Benefits

FEBRUARY 21, 2024

Its HR priority report , which surveyed 1,001 HR decision makers and 2,026 UK employees, also found that more HR leaders believe mental wellbeing should be a top priority in 2024 than financial wellbeing, at 60% and 55% respectively. However, employees rank financial wellbeing over mental wellbeing, at 65% and 60% respectively.

Bonuses 115

Bonuses Employment Employee Benefits IT 115

Vantage Circle

MAY 15, 2024

As we look ahead to 2024, organizations are getting savvier about using recognition to boost engagement, retention, and business performance. We're going to lay out all the latest trends and best practices for 2024 to help you build an innovative, future-proof appreciation strategy that works for your unique workforce.

Employee Recognition 52

Employee Recognition Bonuses Utilities Media 52