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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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Make the Most of Free Money

Money Talk

Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Best wishes for a healthy, wealthy, and happy 2024. stock or mutual fund shares) are taxable.

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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. Each product has its own unique purpose, and some may be more relevant to your people than others.

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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

Partially Taxable: Group-term life insurance over $50,000, for instance, has a taxable portion based on IRS tables. A 2024 Deloitte study found companies with robust benefits packages saw 25% lower attrition rates. Compliance is non-negotiable. For employers, the upside is clear.

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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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Study Predicts 8% Group Health Plan Cost Increase for 2025

InterWest Insurance Services

Cost drivers Thanks to a continuing stream of pharmaceutical breakthroughs that are saving patients’ lives and/or improving their quality of life, insurers have to make coverage decisions. Two classes of drugs that are on health insurers’ radar in 2024 and 2025 are: GLP-1 agonists (annual cost: about $11,000).