Employee Benefits

APRIL 11, 2024

Credit: ML Robinson / Shutterstock.com Newcastle Building Society has rolled out a flexible benefits platform for its more than 1,000 employees in order to boost engagement with its benefits package. It also wanted to provide visibility of all benefits to its workforce and encourage them to review these on a regular basis.

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Employee Benefits

JANUARY 15, 2024

Aimed at employees aged 45-65 years old, it offers a health, wealth and career progression check ahead of their retirement. Employers can offer this tool to employees through benefits providers, while the Department for Work and Pensions has a dedicated website.

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Employee Benefits

FEBRUARY 15, 2024

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. The post Exclusive: Welsh government rolls out new employee benefits framework appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 20, 2023

Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy. The TRS outlines what employee benefits have been on offer for the past 12 months. The post UK Power Networks uses total reward statements to boost engagement with benefits appeared first on Employee Benefits.

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Employee Benefits

AUGUST 9, 2023

As a starting point, employers can survey staff to ascertain their situations, and get creative with benefits that can help employees both today and in the long-term, says Steve Watson, director of policy and research at Cushon. The post How to target financial wellbeing support to employees appeared first on Employee Benefits.

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Employee Benefits

JULY 12, 2023

Need to know: As businesses grow, it is vital that their employee benefits strategies also evolve. A more mature strategy is likely to include an element of choice so employees can opt for what is important to them. The post How to upscale a benefits strategy to align with business growth appeared first on Employee Benefits.

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Employee Benefits

APRIL 15, 2024

Two in five (40%) UK employees admitted they would choose a job with a lower salary but generous employee benefits , according to research from MetLife UK. Adrian Matthews, head of employee benefits at MetLife UK, said: “Benefits are becoming increasingly more important to employees, and rightly so.

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Best Money Moves

MARCH 11, 2024

In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits. Well-tailored, helpful employee benefits go a long way toward keeping your existing team members satisfied while also attracting new talent.

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Employee Benefits

OCTOBER 4, 2023

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. Llewellyn said: “It’s been about getting benefits in a quicker timeframe.

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cipHR

JULY 21, 2020

CIPHR’s head of HR, Gwenan West, shares how employers can put together a benefits package that makes all employees feel valued. How can an employer show its employees that it values them? Part of the answer lies with employee benefits. You need to have a benefits package that is flexible,” she says.

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Vantage Circle

JUNE 24, 2019

An employee benefits program is important and costly at the same time. But such programs are one of the important channels towards employee engagement in your organization. The benefits you offer will make or break your employee's decision to work for you. STEPS TO BUILD YOUR EMPLOYEE BENEFITS PROGRAM: 1.

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HR Digest

FEBRUARY 10, 2020

The organization offers industry-standard tuition assistance for their employees. The organization values its every member and their efforts for the company, which is why they provide efficient tuition facilities for the employees. The benefits provided by this organization are fruitful for its workers.

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Employee Benefits

JANUARY 31, 2024

in addition, employers could signpost employees to government resources such as the MoneyHelper website, says Jonathan Watts-Lay, director of Wealth at Work. “It It offers free and impartial help with money, pensions and everyday savings,” he explains.

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Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

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Employee Benefits

JULY 31, 2024

The contents and composition of a total reward statement will vary from organisation to organisation, but they will typically include sections covering the different areas of the overall benefits package, such as salary and bonuses, pension, insurance provision, benefits, allowances such as company car allowance, and employee discounts.

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Empuls

MAY 7, 2023

As an employer, you are responsible for keeping your employees happy, motivated, and engaged. One of the ways to achieve this is by implementing an effective employee benefits program. Employee benefits programs are an integral part of any organisation's compensation plan. What are employee benefits?

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Vantage Circle

JANUARY 30, 2022

What exactly is a taxable benefit, and are they legally required? If you are a leader or HR professional, you know how important benefits are to the modern workforce. It's no secret that employee benefits are an excellent employee retention strategy. What Is A Taxable Benefit? Working conditions benefits.

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Empuls

APRIL 28, 2023

According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employee benefits?

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Employee Benefits

JUNE 5, 2023

Outsourced payroll solutions and worker benefits provider HIVE360 has launched two new solutions as powerful alternatives to the traditional umbrella providers. For more information, visit: www.hive360plus.com The post ‘New generation’ payroll support for recruiters launched appeared first on Employee Benefits.

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Employee Benefits

APRIL 2, 2023

Financial Security As much as all businesses would like to believe that their staff are there because they just enjoy the job so much, the fact is that most people work because they need financial security and offering this as part of staff benefits is vital.

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Empuls

JUNE 21, 2024

The research also revealed that up to 77% of workers with access to employer-sponsored benefits, chose to participate in the program, increasing the take-up rate. They acknowledge and celebrate an employee's years of service and contributions to the organization. The rewards, financial and non-financial, serve a dual purpose.

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cipHR

JUNE 29, 2023

One in six (17%) has made further ‘savings’ by cutting back (or cancelling) their personal insurance cover, such as income protection, life insurance, and medical or dental insurance, and one in seven (14%) has reduced their pension contributions – decisions which may prove to have costly consequences in the future.

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Employee Benefits

AUGUST 9, 2023

Based in Greater Manchester and with 3,000 employees, the university was a runner up in the Best financial wellbeing strategy at this year’s Employee Benefits Awards. We have highlighted our death-in-service benefit through in-person sessions as well as including a message about it on pay slips, as everyone will look at these.”

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Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important?

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Employee Benefits

FEBRUARY 21, 2022

Between 1 January and 31 December 2021, 1,578 lump sum death benefit claims were settled, while the figures also include the capitalised value of 24 dependants’ pension claims where Covid-19 was recorded as the primary or secondary cause of death on the death certificate, or reported on the insurance claim form.

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Vantage Circle

MAY 18, 2023

What is an Employee Perks Program? An employee perks program is a set of additional incentives and benefits provided by an organization in addition to their normal compensation. These programs are designed to increase employee experience , boost morale, improve retention, and ease financial stress.

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Bayzat

DECEMBER 1, 2023

They only end when the employer or employee decides to terminate it, often with a notice period. Indefinite employment is often long-term, mostly secured and comes with multiple employee benefits and paid leave. The employer and employee can agree to work together for a mandatory minimum duration in an indefinite contract.

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The Teacher's Advocate

FEBRUARY 8, 2021

One This January, the Wall Street Journal ran a story on insurance companies that require proprietary product sales from their agents to maintain employee benefits like retirement and health insurance. Agents who refuse to sell proprietary Equitable products may not qualify for health and retirement benefits.

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