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% This is lower than the average 5.1%

Salary 69

Salary Workplace Flexibility Bonuses Employee Benefits 69

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. Financial Incentives Beyond salaries, employers might offer retirement plans (e.g., What are fringe benefits?

401(k) 52

401(k) Health Insurance Taxes Retirement Plan 52

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

COMPackage

NOVEMBER 3, 2024

Beyond the Dollar Sign: The Power of Total Compensation Traditionally, compensation discussions often focused solely on base salary. TCRS provide a transparent breakdown of all aspects of an employee’s compensation package, including: Base Salary: The core component, outlining the annual or hourly wage.

401(k) 52

401(k) Retirement Plan Benefits Package Health Insurance 52

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. Improvement will remain in demand and employers will pay well to secure them.

Benefits Package 118

Benefits Package Salary Pension Health Insurance 118

Empuls

AUGUST 22, 2024

years, while the average tenure of a salaried employee is 4.2 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.

Employee Retention 40

Employee Retention Paid Vacation Bonuses Electronics 40

Money Talk

FEBRUARY 15, 2024

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., If someone is in the 22% tax bracket, portions of their income are taxed at 10%, 12%, and 22%. 401(k)s, 403(b)s, and traditional IRAs).

Taxes 185

Taxes 401(k) Commissions Bonuses 185

15Five

JANUARY 16, 2024

Here’s a treasure trove of stats on employee retention in 2024. It’s probably not surprising that, in a market with record inflation, most people who quit a job go looking for higher salaries. Because salaries usually go hand-in-hand with career advancement, top performers who leave often seek it elsewhere.

Employee Retention 98

Employee Retention Salary Bonuses Employment 98

Achievers

MARCH 14, 2025

Talking about salary has long been considered taboo in the workplace, but today pay transparency is the norm. Employees want to know how salaries are set and whether theyre being paid fairly. In fact, 58% of workers tell Business.com they would prefer to work for a company that publishes salary information publicly.

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Empuls

AUGUST 14, 2024

They can include bonuses, gift cards, or extra time off.  Cost efficiency: While implementing a quarterly rewards and recognition program requires initial investments, it can result in cost savings of as much as 33% of an employee's annual salary.   What are quarterly rewards and recognition?   7.

Bonuses 40

Bonuses Paid Leave Software Health 40

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

MARCH 7, 2024

The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5% Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. The post Greggs to share £17.6

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 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 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

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.

Bonuses 59

Bonuses Retail Health Government 59

COMPackage

OCTOBER 14, 2024

By providing employees with a clear and comprehensive overview of their total compensation package, including both direct pay (salary or wages) and indirect benefits, TCSs can significantly enhance employee satisfaction, loyalty, and engagement. It typically includes: Base Salary or Wages: The employee’s hourly or annual pay rate.

401(k) 40

401(k) Retirement Plan Incentive Compensation Life Insurance 40

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. In addition, AIB will introduce a variable pay scheme, which will amount to no more than 5% of an employee’s salary, up to a maximum of €12,700, subject to group performance conditions being met.

Healthcare Benefits 59

Healthcare Benefits Bonuses Healthcare Paid Leave 59

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

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

MAY 31, 2024

Last week, we reported on Lego’s move to link a portion of its salaried employees’ bonus payments to annual emissions. This is echoed in research by Zest, published in April 2024, which found that half (51%) of the employees surveyed want to see their employer invest more in sustainability.

Retail 101

Retail Bonuses Salary Employment 101

Employee Benefits

JANUARY 24, 2024

It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. The scheme, which is being piloted across Cartwright’s employees and should roll out to clients in the second half of 2024, gives the option to take a monthly perk in Bitcoin. This can be a major obstacle, says Herd.

Global Payroll 105

Global Payroll Employment Taxes Pension 105

Employee Benefits

FEBRUARY 26, 2024

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. SmartPay – helping employees avoid credit cards and loans through salary deduct.

Employee Retention 111

Employee Retention Bonuses Recruitment Taxes 111

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

Insperity

OCTOBER 10, 2023

Starting in 2024, employees’ annual contribution limits to some SIMPLE 401(k)s or IRAs will rise. Noteworthy examples include: Starting in 2024, companies are allowed to treat student loan payments as retirement plan contributions that are eligible for an employer match. The SECURE 2.0 Annual contributions will be limited to $2,500.

401(k) 113

401(k) Retirement Plan Taxes Benefits Package 113

Employee Benefits

AUGUST 5, 2024

According to a memo distributed to employees, salaried and hourly workers at the senior director level and below will be eligible for the award, with amounts depending on role and bonus size. Junior-level employees can receive as much as 25% of their bonus, while senior directors can get up to 10%.

Bonuses 59

Bonuses Salary Technology Employee Benefits 59

Employee Benefits

JANUARY 17, 2024

Our Financial Wellbeing App is so much more than a money management tool, consolidating an employee’s debt into one loan, repayable to your business via manageable monthly salary deductions. Still, education only goes so far, and your employees’ monthly salary has a limit.

Education 105

Education Deductible Deductions Salary 105

Vantage Circle

JUNE 3, 2024

Payroll Software automates managing employee salaries, wages, bonuses, and deductions. Top 10 Payroll Software in India (2024) Deel : Simplifies global payroll and compliance for remote teams with automated solutions. Automated Salary Calculations and Payments : Simplifies payroll processing and ensures timely payments.

Payroll Software 59

Payroll Software Software Payroll Taxes 59

Employee Benefits

JUNE 29, 2023

As of 1 April 2024, staff have the choice to increase their pension contributions to 6%, with the airport contributing 10%. Employees earning the national minimum wage will also receive a 4% increase to the employers’ pension contributions over two years, as well as rises in salary on top of the national minimum wage.

Pension 59

Pension Salary Engineering Bonuses 59

Achievers

MARCH 7, 2025

Insights from Achievers 2024 State of Recognition Report found that when employees have access to a global, customized marketplace, theyre 60% more likely to say they feel meaningfully recognized at work. The right employee rewards program doesnt just make employees feel appreciated.

Technology 119

Technology Retail Bonuses Health 119

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. A Vivup spokesperson said: “All our staff work incredibly hard and if it wasn’t for them we wouldn’t be the business we are.

Benefit Providers 59

Benefit Providers Entertainment Bonuses Benefits Package 59

Employee Benefits

JUNE 14, 2023

The organisation has increased parental leave for primary caregivrs 12 to 16 weeks at full salary, as well as introducing a minimum global standard of two weeks of paid leave at full salary for secondary caregivers. Meanwhile, the group has recommunicated its Leave and Back-to-Work Programme to staff.

Parental Leave 59

Parental Leave Paid Leave Bonuses Salary 59

Vantage Circle

JUNE 3, 2024

Payroll Software automates managing employee salaries, wages, bonuses, and deductions. Top 10 Payroll Software in India (2024) Deel : Simplifies global payroll and compliance for remote teams with automated solutions. Automated Salary Calculations and Payments : Simplifies payroll processing and ensures timely payments.

Payroll Software 52

Payroll Software Software Payroll Taxes 52

Employee Benefits

MARCH 6, 2024

Analysis by the Living Wage Foundation, Employee jobs paid below the real living wage 2023, published in February 2024, found that 3.7 in London), employees aged 21 plus will, from 1 April 2024, receive £11.44 Bonuses are another option for employers with tight pay budgets. an hour under the national living wage.

Bonuses 64

Bonuses Life Insurance Insurance Payroll 64

Employee Benefits

JANUARY 12, 2024

Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks. This time away will be unpaid, but staff will receive a bonus worth 25% of their salary when they return.

Consulting 59

Consulting Parental Leave Pension Bonuses 59

SnackNation

MAY 19, 2017

With workplace leadership expected to be two-thirds millennial by 2024 and 28 percent of millennials already in managerial roles, millennials are on track to take more responsibility, not avoid it. Over half report career trajectory as the main attraction in an employer, with salary coming in second. Mentor them.

Management 77

Management Bonuses PTO Benefits Package 77

COMPackage

OCTOBER 10, 2024

However, simply providing a salary is no longer enough. In today’s competitive business landscape, offering competitive compensation packages is essential to attract and retain top talent. Employees want to understand the full value of their compensation, including both direct pay and indirect benefits.

401(k) 40

401(k) Retirement Plan Health Insurance Disability Insurance 40

Employee Benefits

JULY 8, 2024

Unlike cash incentives, such as bonuses, that are often added to an employee’s overall salary and risk going unnoticed, vouchers can be exchanged for cash or goods, services, or experiences through a variety of brands, delivering an instant reward that employees are more likely to spend on treats or bigger purchases.

Retail 59

Retail Electronics Taxes Bonuses 59

Bayzat

JUNE 2, 2024

It prevents employers from paying inappropriate salaries, delaying payday, and using funds illegally. Here, we cover the steps involved so you know what to expect when you log on to the WPS portal: Preparing and Submitting of SIF SIF, or Salary Information File, is a document that contains information on employees and employers.

Payroll Manager 52

Payroll Manager Payroll Banking Salary 52