Employee Benefits

FEBRUARY 15, 2023

The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term. Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.

Benefits Package 105

Benefits Package Pension Education Bonuses 105

Employee Benefits

OCTOBER 6, 2023

The majority (85%) of organisations plan to enhance their benefits packages for employees, according to research by HR and employee benefits consulting services firm Gallagher. Voluntary benefits such as bikes-for-work schemes have increased to 75% from 73% in 2022, while gym memberships rose to 45% from 34%.

Benefits Package 59

Benefits Package Employment Voluntary Benefits Consulting 59

Employee Benefits

JULY 26, 2023

Nearly half (48%) of employers have boosted investment in their benefits package over the last 12 months in response to economic climate changes, according to research by benefits provider Zest. Salary (46%) was the next largest factor, followed by demands for better employee benefits packages (43%).

Benefits Package 98

Benefits Package Employment Salary Benefit Providers 98

Employee Benefits

JANUARY 30, 2023

If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much. So, given the ever-growing list of benefits on offer, can an employer end up offering its workforce too much?

Employment 111

Employment Benefits Package Education Salary 111

Achievers

APRIL 23, 2015

A competitive salary is the bare minimum that you need to provide to keep employees satisfied. Beyond compensation, your employee retention strategies should factor in the total rewards package you offer, the quality of your leadership, and the power of your social recognition strategies.

Employee Retention 198

Employee Retention Paid Vacation Employee Recognition Health Insurance 198

Workplace Insight

JANUARY 16, 2024

Henley has also shared key advice for employers serious about doing better by their employees and responding effectively to demands: Embrace a workplace culture not built around homogeneity Businesses must make sure that packages and perks are tailored to the individual worker, allowing employees to opt-in to benefits that best work for them.

Employment 113

Employment Salary Manufacturing Transportation 113

HR Digest

DECEMBER 2, 2023

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality.

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

Wellable

NOVEMBER 1, 2021

Companies often provide employee benefits (compensation given to employees in addition to their wages or salaries) to increase talent attraction, retention, engagement, and overall job satisfaction. Despite their importance, contemporary benefits packages appear to be falling short.

Employment 95

Employment Benefits Package Salary Employee Benefits 95

Employee Benefits

MARCH 11, 2024

Employers can offer onsite nurseries , workplace nursery schemes, and subsidised and emergency care provisions to help with childcare. There are a variety of different flexible working options that employers could offer those who are struggling. In order to combat this, what can employers do to offer support?

Employment 112

Employment Parental Leave Education Recruitment 112

Achievers

JUNE 6, 2022

Organizations often fail to go beyond these standard benefits, and if they do, it’s with a few additions that are selected without much thought and seldom improved. Today’s workforce is experiencing a new level of empowerment, and that comes with high expectations potential employers need to meet.

Employee Benefits 266

Employee Benefits Family and Medical Leave Act 401(k) Retirement Plan 266

Empuls

MAY 8, 2023

And this same change cuts through how employers manage their employees, what benefits to offer, and more dynamic strategies to use when recruiting more hands from the talent pool. In this article, we will explore what personalized benefits are all about, and how to use them right. What are personalized employee benefits?

Benefits Package 52

Benefits Package Employee Benefits 401(k) Retirement Plan 52

Employee Benefits

MAY 13, 2024

Employers should communicate with employees to understand what they need from a flexible benefits package. Benefits that are offered as part of a flex scheme need to add value. As employees’ needs can change throughout the year, more frequent benefits enrolment windows can provide greater flexibility and choice.

Benefits Package 116

Benefits Package Taxes Insurance Medical 116

Insperity

JANUARY 27, 2022

It’s one more way to signal that you’re an employer of choice. Job hunters typically compare fringe benefits their target companies offer – they’re an important factor in choosing an employer. At the same time, current employees may compare your offerings against a prospective new employer.

Employment 98

Employment Taxes Health Savings Account Benefits Package 98

Employee Benefits

FEBRUARY 15, 2022

Average salary has soared by almost £1,500 in the last year, official data has revealed. This shortage of workers is pushing salaries up,” he said. A good benefits package or strong environmental, social and governance (ESG) policies can make a difference,” he said. The number of people in employment was 1.5%

Salary 64

Salary Benefits Package Banking Government 64

WEX Inc.

JULY 30, 2024

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. Salary and benefits. Two big reasons?

Taxes 98

Taxes Education Benefits Package Salary 98

InterWest Insurance Services

SEPTEMBER 23, 2024

One of the most underused employee benefits available is the “cafeteria” plan ― which can benefit both the employer and the employee. These plans allow workers to withhold a portion of their pre-tax salary to cover certain medical or childcare expenses.

Flexible Spending Account 94

Flexible Spending Account Benefits Package Deductions Deductible 94

InterWest Insurance Services

JULY 13, 2023

Employers who were surveyed for a new report expected that group health insurance premiums would increase 5.4% ” At the same time the labor market is still very tight, requiring businesses to continue offering attractive pay and benefit packages. .” copay plan). copay plan).

Employment 98

Employment Out of Pocket Cost Health Insurance Health Savings Account 98

Employee Benefits

APRIL 23, 2024

Credit: ricochet64 / Shutterstock.com Tyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits.

Healthcare Benefits 111

Healthcare Benefits Healthcare Manufacturing Transportation 111

CorpStrat

OCTOBER 13, 2022

Employees are now ranking healthcare as more important than salary increases. With healthcare insurance premiums rising again this fall, employers are faced with a unique challenge: revisiting the balance between salary increases, compensation, and benefits. Revisit your benefits package. Go Digital.

Salary 52

Salary Healthcare Benefits Package Voluntary Benefits 52

HR Digest

AUGUST 3, 2023

In 2023, the labor market was a wild rollercoaster ride for both employers and employees. 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. Ah, the eternal tug-of-war between employers and employees.

Paid Leave 98

Paid Leave Salary Benefits Package Human Resources 98

Employee Benefits

MARCH 31, 2023

A well implemented employee benefits package helps to support your employees with many of their needs. There are some costs that come with implementing employee benefits but when it comes to the advantages your business and your employees gain, it’s more than worth it.

Benefits Package 52

Benefits Package Employee Benefits Benefit Providers Salary 52

Employee Benefits

MAY 1, 2024

One-third (34%) of employers said health and wellbeing support is more important than ever to recruitment and retention, according to research by health and wellbeing firm Towergate Health and Protection.

Recruitment 114

Recruitment Benefits Package Salary Employment 114

HR Lineup

JULY 20, 2024

Attractive Offers: Higher Compensation: To entice employees to leave their current positions, poaching companies often offer significantly higher salaries, bonuses, or other financial incentives. Better Benefits: Enhanced benefits packages, including superior health insurance, retirement plans, and additional perks, can lure employees away.

IT 98

IT Bonuses Retirement Plan Salary 98

Best Money Moves

AUGUST 6, 2024

Employees often look to their employer as a source of financial wellness support. Yet only 28% of employers report offering such benefits to their teams. To help employees craft a more financially resilient future, consider offering an emergency fund as part of your employee benefits package.

Retirement Plan 105

Retirement Plan Benefits Package Medical Banking 105

Employee Benefits

FEBRUARY 8, 2022

DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees. Payments are made directly from gross salaries, creating savings on income tax and national insurance. “We are very excited about being able to help make electric dreams come true for our colleagues at DF Capital,” he said.

Salary 59

Salary Banking Transportation Pension 59

Employee Benefits

OCTOBER 25, 2023

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. Meanwhile, some employers offer support to allow employees to save on living expenditures such as energy and broadband.

Voluntary Benefits 111

Voluntary Benefits Benefits Package Benefit Providers Electronics 111

COMPackage

NOVEMBER 4, 2024

Employees increasingly seek transparency and value beyond just base salary. Total Compensation Report (TCR) templates offer a solution, providing a clear and concise framework for communicating the full value proposition an employer offers. Customization Counts: Consider the specific needs of different employee segments.

Salary 40

Salary Retirement Plan PTO Health Insurance 40

Employee Benefits

JANUARY 16, 2023

Professional services firm Moore Kingston Smith looks to balance salary, recognition and benefits equally as part of its holistic approach to its people and their reward. We know from regular listening that our people value the wider benefits we offer as much as they do our competitive pay and benefits package.”.

IT 105

IT Salary Health Benefits Package 105

Best Money Moves

NOVEMBER 3, 2021

The employee benefits needs of the post-pandemic workforce look very different than they have in the past. Employers need to take notice. Sixty-five percent of employees are stressed about their finances due to the pandemic, according to a the 2022 Trends in Benefits report, costing the employers around the country a total of $4.7

Work From Home 111

Work From Home Benefits Package Finance Healthcare Benefits 111

Employee Benefits

MARCH 5, 2024

I’m proud of our reputation as a leading employer and that our colleague satisfaction levels rank in the top 5% of global employers. Currys offers a total remuneration and benefits package that includes bonuses, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits.

Salary 59

Salary Take Home Pay Retail Bonuses 59

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 130

Employee Recognition Human Resources Benefits Package Employee Retention 130

Employee Benefits

FEBRUARY 2, 2022

The experiences of the Covid-19 (Coronavirus) pandemic: business disruption, furloughed employees and extended, enforced working from home, have changed the employment relationship. HR professionals need to be proactive and reassess the benefits package on offer.

Employment 72

Employment Benefits Package Work From Home Salary 72

Best Money Moves

SEPTEMBER 15, 2021

Turnover is a major problem for employers — and it’s getting worse. The Society for Human Resource Management (SHRM) estimates that the average replacement cost of a salaried employee is six to nine months’ salary. Financial stress is a major but often overlooked factor to employee turnover. In June alone, 3.9 million U.S.

Finance 105

Finance Employee Retention Salary Benefits Package 105

Employee Benefits

SEPTEMBER 10, 2023

With the environment a core part of many organisations’ objectives, it can be a challenge to ensure that all business practices, including benefits, are maximising their opportunities to reduce carbon footprints. The switch to carbon neutral driving is helping more employers than ever before to remove polluting vehicles from their car parks.

Benefits Package 98

Benefits Package Salary Pension Insurance 98

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

Business Management Daily

AUGUST 12, 2024

As an employer or human resources manager, consider what candidates and employees bring to your business. Offering solid benefits and a compelling employer value proposition can help attract top talent and increase employee engagement and retention rates. But what do you give them in exchange?

Salary 105

Salary Retirement Plan Employee Stock Option Parental Leave 105

HR Digest

MAY 6, 2023

Employer Branding: Your employer brand is a critical aspect of attracting top talent. It’s the company’s reputation as an employer and the perception of your workplace culture. LinkedIn, Facebook, Twitter, and Instagram are all great platforms to showcase your employer brand and job openings.

Recruitment 105

Recruitment Benefits Package Media Salary 105