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What does a benefits package for seasonal workers look like?

Employee Benefits

Credit: branislavpudar/shutterstock Need to know: A strong onboarding and induction programme will help seasonal workers understand their benefits package and feel valued. Benefits should be tailored to the sector and the type of seasonal worker the organisation wants to attract. Sometimes there are groups that can be targeted.

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Employee Benefits: A Key Part of Job Compensation

Money Talk

Also known as “fringe” (short for fringe benefits) or “perks.” employee benefits generally equal 25% to 50% of a worker’s gross pay. Thus, they are a key part of workers’ total compensation package. Purposes of employee benefits include: ¨ recruit and retain talented employees (e.g., Like vacation time.

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Podcast: Superdrug offers a comprehensive benefits package to meet staff wellbeing needs

Employee Benefits

Davies talks about how inclusion is a key part of the business strategy and how this then feeds into the reward strategy in terms of ensuring its variety of benefits motivate and engage its diverse workforce, while also supporting them in all aspects of wellbeing. The average age of staff is 35 and the average length of service is 5.2

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What does it mean to be an employer of choice in today’s labour market?

Employee Benefits

The Covid-19 pandemic and cost-of-living crisis have changed which benefits employees value the most and what employers offer. Organisations that balance their own needs with those of their employees are likely to succeed in attracting and retaining talent as an employer of choice. Now, they are used more than ever before.

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The evidence of the impact on engagement, attraction and retention is in the employer’s turnover rate, which is lower than the UK average, proving that it is a worthwhile initiative for it to do each year.

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Marks and Spencer enhances pay and family leave policies

Employee Benefits

Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. Stuart Machin, chief executive of Marks and Spencer, said: “Our vision is to be the most trusted retailer and that starts with being the most trusted employer.

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Employee Holiday Hangover? Offer These Financial Wellness Solutions

Best Money Moves

The National Retail Federation estimated shoppers spent between $834.4 If you’re finding that your workforce is struggling after the holiday season, you may try incorporating financial wellness in your benefits packages. Holiday spending can cause headaches for your workforce, even after the season has ended.

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