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Two years later, it announced it will pay $20 an hour over the next two years. The world’s biggest online retailer Amazon a payraise for over 500,000 workers across its fulfilment and transportation sectors. This pay bump could be as low as an additional 50 cents an hour to as much as three extra dollars per hour.
A Glassdoor survey found that 80 percent of employees prefer additional benefits over a payraise. Dental and Vision Insurance. Health insurance plans typically do not include coverage for dental care or vision care, although pediatric dental care may be included. Turnover can hurt productivity and company morale.
401(k) enrollment. Annual renewals of insurance including: medical, dental, vision, life, disability, worker’s compensation. We want our clients to know exactly what they’re paying and the value they get from their payment. Additionally, with a percent of payroll fee, every time your business does a payraise, etc.,
Research by Glassdoor showed that 63% of employees look for new or additional benefits over a payraise when scoping out job listings, highlighting the increasing value placed on non-monetary aspects of employment contracts. This comparison offers valuable insights for coaching your own strategy.
The survey also found that 80% of employees would choose additional benefits over a payraise. Health and wellness benefits These benefits include medical, dental, vision, and other health-related benefits. Retirement benefits Retirement benefits include pensions, 401(k)s, and other retirement savings plans.
health insurance, dental, vision, etc.). If so, then you’ll need to keep all documents related to them in your employee files. That includes the following: Benefit information (i.e.,
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