HR Lineup

MAY 10, 2024

Employee turnover continues to pose significant challenges for businesses in 2024, particularly amidst evolving workplace dynamics and shifting employee expectations. In this article, we delve into the top strategies for reducing employee turnover in 2024, offering insights and actionable steps for employers to enhance retention efforts.

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HR Lineup

FEBRUARY 23, 2024

As we navigate through the evolving landscapes of talent acquisition and workforce management in 2024, the importance of a meticulously planned recruitment budget cannot be overstated. This includes their salaries, benefits, and any overhead costs associated with their employment. The post How to Plan Your Recruitment Budget in 2024?

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Employee Benefit News

JANUARY 30, 2024

The job search platform measured opportunity, flexibility and salary to find some of the best options available to the workforce.

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HR Lineup

MAY 28, 2024

As we step into 2024, the landscape of employee benefits and perks is continuously evolving. Employee perks, also known as employee benefits or fringe benefits, are additional incentives provided by employers to their employees beyond their regular salaries or wages. What are Employee Perks?

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Sodexo Engage

NOVEMBER 19, 2024

Salary Sacrifice mariana.nunes Tue, 11/19/2024 - 22:01 Salary Sacrifice and Your Business Cost-Savings Strategy The Autumn Budget and recent changes to the Employee Rights Bill 2024 reflect the changing landscape, putting more power in the hands of the employee. What does salary sacrifice mean? an hour - a 6.7%

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PayrollOrg

MAY 3, 2024

In this May 2024 edition of Compliance TV: DOL finalizes salary thresholds for 'White Collar' Exemption; IRS data affirms payroll's vital role in nation's tax system; and more.

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HR Lineup

JUNE 9, 2024

Here, we explore the ten best employee database software in 2024, evaluating their features, benefits, and potential drawbacks to help you make an informed decision. It handles payroll calculations, tax deductions, and salary disbursements with accuracy and efficiency.

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Software Payroll Human Resources Overtime 246

HR Lineup

APRIL 4, 2024

As we stand in 2024, it’s imperative to explore the dichotomy between automated payroll and manual payroll systems, understanding their respective merits, challenges, and the overall impact they have on businesses. Over the years, payroll processes have evolved significantly, transitioning from manual methods to automated systems.

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Payroll Payroll System Deductible Deductions 181

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). Its Salary budget planning report was compiled by its Rewards Data Intelligence practice.

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BerniePortal

NOVEMBER 19, 2024

On November 15, 2024, the Federal District Court for the Eastern District of Texas invalidated the 2024 Department of Labor (DOL) rule that would have raised the salary threshold for executive, administrative, and professional employees to qualify for exempt status starting July 1, 2024.

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Salary 97

Employee Benefit News

JUNE 27, 2024

Executives from various industries talk about taking career risks and the importance of knowing your worth.

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Salary Management 277

HR Digest

OCTOBER 4, 2024

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. The increase in minimum full-time hourly wage will add up to an annual salary of around $40,000 USD for those working a 40-hour workweek. Data from the U.S.

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401(k) Retail Flexible Spending Life Insurance 96

Employee Benefits

JANUARY 19, 2024

One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. While more than half (58%) were confident they will recruit the people they need this quarter, 30% admitted meeting salary expectations will be a challenge.

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Bonuses Salary Employment Recruitment 105

Money Talk

JUNE 13, 2024

With the 2023 tax filing deadline in the rear view mirror, now is a good time to look ahead to 2024 taxes that you will owe in April 2025. This post extends that discussion with a description of seven key steps to take to plan for your 2024 tax return due in 2025. The IRS withholding estimator can help make this calculations.

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HR Lineup

FEBRUARY 5, 2024

Any business requires the best payroll software 2024 to manage its employees’ payroll. It should also ensure that employees receive accurate information concerning their wages/salaries or any other deductions. If you are looking for top payroll software in 2024, we recommend them below. It is affordable, easy to use, and fun.

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Employee Benefits

NOVEMBER 15, 2023

Salary sacrifice solutions can help to make employee benefits cost-neutral, freeing up the budget to utilise in other business areas. Read on to discover the financial wellbeing trends we expect in 2024 and how you can embed them within your business. 42% also paid one-off cost-of-living payments during the same period.

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Salary Employee Benefits Government Employment 98

Achievers

FEBRUARY 12, 2024

In the 7th annual Engagement and Retention Report from Achievers Workforce Institute, the number one reason employees gave for job hunting in 2024 is better compensation. What can HR do to engage and retain employees in 2024? What does that mean for business leaders who need to attract, motivate, and retain with tight payroll budgets?

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Employee Benefits

SEPTEMBER 9, 2024

Almost two-thirds (62%) of employees who plan to get an electric vehicle (EV) as their next car said a key incentive is the benefits available through a salary sacrifice scheme, according to new research by Tusker. The salary sacrifice car provider surveyed 5,942 UK employees for its Tusker EV driver survey 2024.

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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%

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Best Money Moves

AUGUST 6, 2024

According to Bankrate’s 2024 Emergency Fund report, nearly 1 in 3 employees have $0 saved for emergencies — a clear indication of low financial resiliency. Having a high debt-to-income ratio can limit the options an employee has amid a sudden emergency, even for employees earning six-figure salaries.

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Retirement Plan Benefits Package Medical Banking 105

Achievers

JULY 17, 2024

The four pillars of employee retention are: Compensation: Offering competitive salaries, benefits, and bonuses. Rewards: Providing tangible incentives such as bonuses, promotions, and benefits to motivate and retain employees. What are the 4 pillars of employee retention?

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HR Digest

MARCH 1, 2025

Salaried workers, often ineligible for overtime, might feel sidelined. Since October 1, 2024, it has exempted overtime from state income tax. So, what about fairness? The current administration promises there will be safeguards, but were still waiting on the fine print. Whats the no tax on overtime start date elsewhere?

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Employee Benefits

JANUARY 3, 2024

Return to workplaces Another big area of focus for employee motivation in 2024 will be the continued pullback to the office. Stretching net pay, for example, by offering season ticket loans, or maximising opportunities to save money through salary sacrifice [arrangements], will be of significant value to employees,” says Last.

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Employee Benefit News

DECEMBER 26, 2024

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

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HR Digest

AUGUST 2, 2024

rose to 59 percent in May 2024, as compared to 40 percent in January 2020. If you’re satisfied with the quality of candidates you’ve found over the last few hiring cycles, then you may be doing something right with other areas of our business, like paying a competitive salary or designing a workplace culture where people want to work.

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Achievers

MAY 10, 2024

Tangible rewards are most common in the form of financial incentives, such as salary or bonuses, while recognition, praise, and promotion are examples of intangible rewards. For example, Achievers defines emotional salary as the non-monetary components that contribute to an employee feeling adequately rewarded at work.

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Salary Bonuses Employee Loyalty Employee Retention 226

HR Digest

AUGUST 3, 2023

According to a salary budget survey conducted by Payscale, more than three-fourths of U.S. companies were planning to increase salaries the same as or more than the previous year. The survey also revealed that 22% of companies intended to cut the amount dedicated to salary increases in 2024, a significant jump from the previous year.

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Paid Leave Salary Benefits Package Human Resources 98

Employee Benefit News

OCTOBER 29, 2024

The top three highest paying green jobs have an annual median salary ranging from $119,200 to $157,740.

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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.

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Qandle

JULY 17, 2024

In 2024, the landscape of Human Resources (HR) continues to evolve rapidly, presenting both new and persistent challenges for HR professionals worldwide. This blog explores some of the key HR challenges in 2024 and provides actionable insights on how to address them effectively.

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Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. The post Spring Budget 2024: National insurance contribution (NIC) rate cut to 8% appeared first on Employee Benefits.

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Insurance Taxes Government Salary 111

Employee Benefits

FEBRUARY 14, 2024

of the new employee’s salary. The post Kerry Hudson: Change in flexible-working arrangements for 2024 appeared first on Employee Benefits. A February 2023 report by global HR and payroll firm Remote showed that hybrid and remote workers are least likely to look for new roles (38%), compared to in-office workers (43.7%).

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Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Here are the 4 best benefits in 2024, according to employees. Here are the best benefits in 2024 based on input from real workers. Average healthcare premiums for American families increased 7% in 2024, according to research from KFF.

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Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

HR Digest

JANUARY 12, 2024

As we stand at the precipice of 2024, a revolution – not an evolution – awaits. In 2024, the onus lies on employers to strategize unique and creative approaches to attract, retain, and cultivate their most valuable talent. The architects of this revolution are the bold and forward-thinking leaders in human resources.

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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.

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Empuls

AUGUST 22, 2024

years, while the average tenure of a salaried employee is 4.2 In 2024, organizations must focus on personalization, automation, and engagement to create impactful award programs. These awards aim to appreciate and honor the commitment and contributions of employees over time.  

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Best Money Moves

JULY 30, 2024

In fact, according to MetLife’s 2024 Employee Benefit Trends Study, 93 percent of employees consider workplace wellbeing as important as salary. In a 2024 SoFi survey, 1 in 4 employees claimed that this financial stress was detrimental to their workplace performance. And this financial stress comes at a cost.

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