InterWest Insurance Services

MAY 21, 2024

Department of Labor has issued a final rule increasing the federal salary threshold for overtime exemptions by 65%, with the full increase starting in 2025. A salaried bona fide executive, administrative or professional employee must earn that amount or more if an employer wants to exempt them from federal overtime requirements.

Overtime 94

Overtime Salary Payroll System Benefits Package 94

COMPackage

NOVEMBER 5, 2024

Employees increasingly seek a clear understanding of the complete value proposition their employer offers, going beyond just base salary. TCRs address this by shedding light on all aspects of an employee’s compensation, including: Base Salary: The core component, clearly outlining the annual or hourly wage.

Retirement Plan 52

Retirement Plan Health Insurance Salary Bonuses 52

Bayzat

OCTOBER 31, 2024

Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Falling out of touch with what makes a strong employee compensation package may mean your company is losing its competitive edge.

Salary 52

Salary Bonuses Commissions Benefits Package 52

eni

JULY 31, 2024

Participate in Industry Events: Competitive compensation and benefits packages are critical in attracting top talent. HR professionals can ensure their offerings are attractive by: Conducting regular market research to understand industry salary standards and benefits trends.

Benefits Package 52

Benefits Package Retirement Plan Media Health Insurance 52

COMPackage

NOVEMBER 2, 2024

Beyond just base salary, employees value a comprehensive benefits package that contributes to their overall well-being. This guide explores the importance of TCRs, highlights key considerations for crafting effective reports, and showcases sample reports for both salaried and hourly employees. healthcare, PTO).

PTO 40

PTO Retirement Plan Salary Bonuses 40

Achievers

DECEMBER 22, 2016

Studies on turnover estimate that when an employee leaves a company, it can cost the organization between 30 to 250 percent of that person’s annual salary due to factors like loss of productivity and other associated replacement costs. Look beyond money to drive desired behaviors.

Employee Recognition 168

Employee Recognition Human Resources Benefits Package Employee Retention 168

COMPackage

OCTOBER 31, 2024

These reports go beyond just base salary, detailing the full value proposition an employee receives, including benefits, paid time off, retirement savings plans, and more. Employees may suspect they’re underpaid or that their benefits package isn’t as valuable as they think. healthcare, paid time off).

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Salary 40

COMPackage

NOVEMBER 1, 2024

Employees crave a clear understanding of not just their base salary, but the entire value proposition offered by their employer. Demystifying the Value Beyond Salary Traditionally, compensation discussions often focused solely on base salary, leaving employees unaware of the significant value employers offer through benefits and other perks.

Retirement Plan 40

Retirement Plan Health Insurance Bonuses Salary 40

Vantage Circle

FEBRUARY 3, 2025

Some studies estimate that the cost of turnover typically ranges from six to nine months of the employee’s salary. In this blog, we’ll discuss the five main drivers of employee retention. No wonder why, 62% of employees say they choose their employer based on an attractive salary and benefits.

Employee Retention 66

Employee Retention Salary Bonuses Media 66

3Sixty Insights

JANUARY 29, 2024

A “Total Rewards Strategy” is a method used by businesses to create and implement a comprehensive compensation and benefits package for its employees. This approach not only attracts top talent but also helps improve […] The post Vantage Circle Blog – What is Total Rewards Strategy?

Benefits Package 52

Benefits Package Bonuses Salary Work From Home 52

InterWest Insurance Services

SEPTEMBER 23, 2024

These plans allow workers to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses. The benefits are free from federal and state income taxes, employees’ taxable income is reduced and that means that employers don’t have to pay FICA on those dollars.

Flexible Spending Account 94

Flexible Spending Account Benefits Package Deductible Deductions 94

Bayzat

JULY 2, 2024

In the dynamic business landscape of the United Arab Emirates (UAE), one critical aspect of attracting and retaining top talent is having a well-defined and competitive salary structure. A thoughtfully crafted salary structure ensures fairness and transparency, playing a pivotal role in a business’s overall success and growth.

Salary 52

Salary Bonuses Transportation Taxes 52

Qandle

JUNE 25, 2024

This blog sheds light on the significance of talent retention, furnishing insights into effective strategies, best practices, and real-life case studies to fortify your retention initiatives. Continuously benchmark against market standards to ensure that your salary and benefits packages remain competitive.

Employee Retention 105

Employee Retention Software Benefits Package Salary 105

InterWest Insurance Services

SEPTEMBER 12, 2023

If the proposed rules become permanent rules, employers will need to prepare their bookkeeping and budgets to account for the new salary caps for qualifying for overtime pay. Employers that don’t raise exempt salaries to meet the new caps will have to pay overtime to those who work more than eight hours a day or 40 hours in a week.

Overtime 98

Overtime Salary Benefits Package Employment 98

InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductible 96

Insperity

SEPTEMBER 21, 2023

In this blog, we’ll discuss: What employees are focused on and what they expect from their employer Why you, as an employer, should care about this issue What you can do to help your team members and protect your business What is employee financial wellness? But increased salaries may not always be feasible.

401(k) 105

401(k) IT Benefits Package Finance 105

Bayzat

APRIL 5, 2024

Factors Contributing to the UAE’s Talent Shortage Despite its thriving economy, below are factors contributing to the scarcity of UAE talent in the workforce: Unexpected Salary Expectations The 2022 Hays GCC Salary Guide shows that 21% of employers in the UAE struggle with candidates’ unrealistic salary demands.

Salary 52

Salary Benefits Package Recruitment Utilities 52

Employee Benefits

APRIL 25, 2024

Discover what EV car drivers really think about their green cars here: Save money & energy with Green Cars… our electric car salary sacrifice scheme. Read more in our blog – Cleaner Commuting Made Affordable. A sustainable employee benefits strategy The topic of sustainability goes beyond being eco-friendly.

Employee Benefits 98

Employee Benefits Salary Benefits Package Deductible 98

Professionals Alternative

SEPTEMBER 24, 2024

In this blog article, we’ll look at essential recruitment methods and insights for attracting and maintaining top people in the credit business. Offer competitive compensation and benefits – In today’s market, candidates are looking for more than just a paycheck. But don’t worry!

Recruitment 52

Recruitment Media Utilities Technology 52

Qandle

JULY 17, 2024

This blog explores some of the key HR challenges in 2024 and provides actionable insights on how to address them effectively. Offer competitive salaries and benefits packages to attract top talent. Human resources (HR) confronts a myriad of challenges in today’s business landscape.

Human Resources 105

Human Resources Software Recruitment Technology 105

Insperity

OCTOBER 10, 2023

Act of 2022 enables business leaders to: Deliver additional financial benefits to round out an organization’s compensation strategy Remain competitive in an increasingly dynamic labor market Win the war for talent In this blog, we’ll discuss: What the SECURE 2.0 Act of 2022 benefits your workplace appeared first on Insperity.

401(k) 113

401(k) Retirement Plan Taxes Benefits Package 113

COMPackage

JULY 18, 2024

This includes a robust benefits package that aligns with their evolving needs and priorities. The Total Rewards Package: More Than Just Salary Traditionally, compensation was primarily focused on base salary. The post Are Employees Coming Back to Work Expecting Improved Benefits?

401(k) 52

401(k) Parental Leave Health Insurance Benefits Package 52

Employee Benefits

FEBRUARY 26, 2024

High employee turnover rates are a financial risk, and during this blog, we’ll explore all the elements to consider when creating a long-term employee retention strategy. Rewards and recognition play an essential role in keeping employees engaged, and we have a collection of blogs on the subject here.

Employee Retention 111

Employee Retention Bonuses Recruitment Taxes 111

Employee Benefits

MAY 9, 2024

We say working parents, but there will be a specific focus on working mums for reasons we’ll delve into during this blog. Helping working mums find balance There is a more significant debate at play here, and we’re unable to pick apart gender inequality in one blog post! Read on to discover more.

Salary 59

Salary Deductible Deductions Benefits Package 59

Insperity

SEPTEMBER 24, 2024

Benefits administration: I nvolves enrollment, communication, and reporting functions related to benefits packages that attract and retain top talent and reinforce that your company cares about its people. Cost effectively. In a way that can be replicated in another location.

Benefits Package 103

Benefits Package Technology Recruitment Health 103

Empuls

OCTOBER 30, 2024

While salary increases play a role, bonuses—especially those tailored to individual preferences—can have an even bigger impact on morale and performance. The initiative allows employees to work from any location globally while maintaining their current salary. The challenge is that not all bonuses are created equal.

Bonuses 52

Bonuses Employee Recognition Commissions Salary 52

Employee Benefits

FEBRUARY 14, 2024

We’ll cover some of the topics discussed during this blog, but for now, we’ll address why we’re bringing age into the debate. With the retirement age continually increasing, many UK employees rely on their salary for longer. The cost-of-living crisis has made it challenging for many Brits to set money aside for the future.

Healthcare 105

Healthcare Employee Wellness Medical Government 105

InterWest Insurance Services

FEBRUARY 9, 2023

Other options In addition to the traditional disability policies, there are several options that you can also offer as part of the voluntary benefit package: Additional purchase options: The insurer gives your employees the right to buy additional insurance at a later time.

Disability Insurance 90

Disability Insurance Voluntary Benefits Insurance Health Insurance 90

InterWest Insurance Services

JULY 13, 2023

Employers said they are looking to manage growing group benefit costs without shifting costs to employees, as they realize that their staff are likely dealing with inflation in all facets of their lives, including their medical bills, according to Mercer’s “Survey on Health and Benefit Strategies for 2024.”

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

Enjoy Benefits

AUGUST 6, 2024

A recent report found that more than half of younger employees believe that a good benefits package is the most important thing they look for when searching for a job. And two-thirds of younger employees would move to another company if they were offered a better benefits package.

Benefits Package 52

Benefits Package Taxes Salary Insurance 52

Qandle

JANUARY 27, 2024

This blog will guide you through the essential components of an offer letter, providing a comprehensive format and templates to streamline the process. Compensation and Benefits Delineate the compensation package comprehensively. Compensation Outline the compensation package, including the annual salary, payment frequency (e.g.,

Software 52

Software Retirement Plan Salary Health Insurance 52

Employee Benefits

JANUARY 16, 2024

We discussed being an employer of choice in March 2023 with our blog – You’re Ready to Become an Employer of Choice. salary, benefits, work-life balance and career progression) for the year 2024? We’ll explore what employees told us during this blog, but we’ll continue to reveal more results for now.

Salary 59

Salary Benefits Package Recruitment Employee Retention 59

Qandle

JANUARY 18, 2025

A competitive salary, along with a strong benefits package (healthcare, retirement plans, paid time off, etc.), appeared first on The Qandle Blog. Employees who feel that they are not being fairly compensated for their skills and efforts are more likely to leave for better-paying opportunities.

Human Resources 52

Human Resources Software Recruitment Retirement Plan 52

Business Management Daily

APRIL 29, 2024

Most employees expect benefits. A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Fringe benefits are how employers make up the gap. People want more.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductible 84

COMPackage

OCTOBER 2, 2024

By clearly outlining the comprehensive benefits package offered, organizations can demonstrate the value they place on their employees and differentiate themselves in a competitive job market. Base Salary: State the employee’s base salary, including any applicable overtime or shift differential.

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 23, 2024

By clearly outlining the comprehensive benefits package offered, organizations can demonstrate the value they place on their employees. Base Salary: State the employee’s base salary, including any applicable overtime or shift differential.

401(k) 40

401(k) Disability Insurance Overtime PTO 40

Business Management Daily

FEBRUARY 16, 2024

In this blog, we’re talking about why perks are important, how companies can provide incentives employees want, and how they can do it without blowing the budget. Bonus packages shouldn’t be the carrot on a stick to earning a competitive salary, whether or not people meet their quotas. Have a plan and look for ways to improve.

Food 87

Food Retirement Plan 401(k) Bonuses 87