This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Hospitality business BaxterStorey has enhanced its employee benefitspackage to support its 8,000 UK staff through various life stages and circumstances. The post BaxterStorey enhances employee benefitspackage appeared first on Employee Benefits.
And in many cases, it’s benefits offerings that seal the deal. For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. And for 75 percent, a good benefitspackage would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll.
So for us, it’s about the whole package, and holistically supporting our team, rewarding them both by paying well, and also thinking about the wider aspects of their life.” Mitie focuses on front-line reward as cost-of-living crisis mounts The post How is the cost-of-living crisis affecting what employees want from their benefitspackages?
Evaluate Your BenefitsPackage Employee benefits are a core part of every business’ EVP, and enhancing your overall benefit offerings is one relatively quick and straightforward way to provide a stronger value proposition for employees.
Credit: branislavpudar/shutterstock Need to know: A strong onboarding and induction programme will help seasonal workers understand their benefitspackage and feel valued. Benefits should be tailored to the sector and the type of seasonal worker the organisation wants to attract.
A good employee benefitspackage could play a big part in what makes a business successful – how many companies know the top 10 employee benefits in the UK? But get your employee perks package right and you’ll attract top talent, keep existing staff motivated, improve company culture and overall employee wellbeing.
Successful entrants will have demonstrated an effective and innovative approach to benefits communications. The full shortlist is: Baker Hughes Bidfood Defra Group – Department for Environment, Food and Rural Affairs DP World E.On EasyJet Wood In 2023, Mizuho won the Best benefits communication award.
Beyond Salary: The Rise of BenefitsPackages In the quest to attract and retain top talent, employers have realized that salary alone is not enough. They’ve turned their attention to benefitspackages, offering perks that go beyond a simple paycheck. One popular trend is the offering of free tuition.
Non-medical benefits have expanded to include financial wellness and long-term planning, such as retirement accounts, as well as other remarkable perks. Some organizations provide tools to help employees understand complicated benefitspackages. But several other benefits might surprise employers. Niche benefits matter.
According to research by PwC, just 7 percent of employers currently offer student loan repayment benefits (with the average employer offering $1,800 per year), but another 27 percent are considering it as they build their benefitspackage for the next year. . Medical bills (30 percent. Rent (21 percent). Mortgage (21 percent).
Companies must rethink their benefitspackage in the new environment. With the budgets restricted in these tight economic times, startups need to be more creative in the kind of benefits they offer. Especially health benefits need to be rethought.
Enable healthy food choices. But frequent snacking on processed, sugary or fatty foods will ultimately have a negative impact on your employees’ health. Pale blue: because it encourages focus and a sense of productivity, this is a great shade to use throughout a workplace.
Other jobs included mattress tester, where viewers could see a Newfoundland lying on a bed, a marine biologist, as shown by a dog holding a dolphin toy, and food inspector, accompanied by a clip of a dog being fed some food. This sounds paw-some to us at Employee Benefits!
Food and beverage business Pret A Manger has announced that its 7,870 UK shop employees will receive a pay rise in April, to support them with the rising cost of living. It currently offers free food and drink for breakfast and lunch while on shift, and a 50% discount for all staff.
For example, employees could start by reviewing their outgoings, everything from bills and subscriptions to food shopping and going out. Promote the employee benefitspackage Employees should be encouraged to investigate the range of workplace benefits that may be available and suitable for them.
Flexible Benefits Allowance : Provide a flexible benefitspackage where employees can allocate funds to perks that matter most to them, such as gym memberships, childcare, or health insurance upgrades. This fosters inclusivity and respect within the team.
Over the years, dental insurance has been shifting from a semi-rare fringe benefit to a standard component of most benefitpackages. Limit your consumption of sugary and acidic foods. Here are some steps to keep those pearly whites shining bright. Enroll in a Dental Insurance Plan. Floss daily to remove dental plaque.
But creating a great place to work isn’t just about pay; it’s about the overall package and [employees] feeling valued and able to be their best. A huge thank you to our 65,000 [employees] for their continued hard work.”
Bonus packages shouldn’t be the carrot on a stick to earning a competitive salary, whether or not people meet their quotas. There’s just no substitute for paying people a competitive salary and giving them the benefitspackage they need to thrive outside of work. On-site food and dining areas also help employees stay focused.
It's difficult not to have a nice time when you're sitting in a cool restaurant, eating delicious food with wonderful people, especially on a workday. Furthermore, make every employee responsible for their pets' needs, such as toys, food, and so on. The benefits of having fun at work are often underrated.
. “We know that many have felt the pressure of rising costs this year, and we are absolutely committed to supporting them with competitive base pay and exclusive employee benefits. This agreement recognises the incredible work and dedication our teams show every day in serving our customers.”
Jamie Mackenzie, director at Sodexo Engage, explains: “When discussing their most-wanted benefits and rewards , employees primarily mention finance-related ones, such as subsidised food and drink at work, subsidised commuting costs and retail discounts.”
As part of its wider benefitspackage, Dobbies staff are also eligible for a staff discount in stores, restaurants and food halls, a free and confidential employee assistance programme, and have access to the Wagestream app, where they can track earnings in real time and access a portion of their wages before payday to cover unexpected costs.
Changing your benefitspackage to accommodate this flexible work model gives your employees another reason to stay. Do it with Specialty Accounts — the swiss-army knife of the benefits world! Who doesn’t love FREE FOOD? And you don’t have to worry about food allergies or dietary restrictions.
Aside from standard workplace maternity/paternity arrangements, small gestures can be a huge help.Why not offer food shop vouchers or discounted fue l ? At Each Person , we give you employee benefitspackages that support your whole team and show how these little gestures can go a long way.
Also, different foods are converted into energy at different rates. And by offering healthy food choices to your employees, you will be encouraging them to make healthier food choices elsewhere. Offer gym memberships to your staff as part of your benefitspackage. Stock the office with energising snacks.
They can place orders for products and food delivery. I need to check on a savings plan in my benefitspackage. Artificial intelligence also works. Alexa, Siri, Bixby and Cortana are doing everything from turning on our TVs by voice command to dimming the lights. It’s inevitable that AI should combine with video next.
Companies depend on their compensation and benefitspackage to attract talent. On the other hand, if you offer benefits that no one really wants or cares about, you’re wasting money. You need to get it just right, and a compensation and benefits review can help. Employee Benefit Needs Have Changed.
Inflation has seen the prices of the average food shop increase quite dramatically in many stores. Basics like pasta and rice have risen sharply in price and many of the go-to foodstuffs used by us all to keep the price of meals low while keeping them healthy have left the price of our average food shop looking more and more expensive.
Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefitspackage. Medical Marijuana.
It’s your BenefitsPackage. Or maybe it’s time to rethink your benefits programming. Food at work. You may be sitting on valuable retention information for your employees, and not even realize it. And maybe your employees don’t even know what value it provides, because you haven’t simply communicated it. Workspaces.
For example, public health officials and city planners will analyze how to improve access to grocery stores in inner cities as a way to eliminate so-called food desserts (whereby residents don’t have consistent access to fresh fruit and vegetables) while also reducing obesity and the prevalence of diabetes among city residents.
What type of food should you serve? In some companies, company parties were actually considered part of the benefitspackage. There’s nothing worse than planning a party and realizing that there won’t be enough space or food to accommodate everyone. Should you opt for a virtual get-together?
The physiological needs cover basic needs like food, water, warmth, sleep. This theory can be explained with how food is displayed. If you place healthy snacks at eye level while placing junk food farther away, you are nudging them to make a healthy choice. Therefore, providing non-monetary benefits is equally important.
For example, The Great Recession , expanding wealth inequality , and increases in non-optional expenses, i.e., housing , healthcare , and food. Gen Z also carries 13% more student debt than Millennials, and savvy businesses are using this as an opportunity to offer debt relief as a part of their benefitspackage to attract Gen Z talent. .
Competitive advantage can also come from creativity in putting together a benefitspackage. Basic BenefitPackages are No Longer Competitive Not long ago, a more competitive benefitspackage might have included health insurance and a 401(k) plan , plus dental and vision insurance.
Hearst UK is offering their research on the key consumer trends for Christmas, which includes homes, food and drink and tech, and can help you capitalise on what customers want this year. Our Wellbeing Programme offers online help to staff with their emotional and physical health.
As more and more offices transition to partial or full-time remote structures due to the ongoing COVID-19 pandemic, companies are being forced to rethink how they assemble benefitspackages in a world where perks like in-office snacks, dog-friendly offices, and transportation stipends no longer hold the appeal they once did.
Multiple companies offer pet insurance benefits to employees, reflecting the growing importance of pets in people’s lives. Several employers are also focusing on improving work-life balance by offering perks for remote workers , including food allowance, in-home work setup allowances, and home-office expenses.
Beyond the paycheck: how employee benefit makes them happier A competitive salary is essential to attract and retain top talent. Comprehensive employee benefitpackages are increasingly becoming a deciding factor in job satisfaction and happiness. This fosters a healthier work-life balance and reduces stress.
As employers look for new additions to their standard benefitspackage in order to attract top workers, they usually focus on common pain points. Commuting to and from work each day eats up both time and money, making a commuter benefits program an attractive perk. What are commuter benefits?
This can include things like in-home care, after-school care and summer day camps, but it does not include things like education costs, overnight summer camps, food or housekeeping. FSAs can also provide tax benefits because the contributions use pre-tax dollars, and this can reduce the employee’s taxable income and tax burden.
Ask your vending machine company to add healthy foods. Your benefitspackage doesn’t have to be expensive or hard to manage. Find more ideas for improving the well-being of your workforce when you download our free magazine, The Insperity Guide to Employee Benefits. Negotiate a corporate discount for gym memberships.
We organize all of the trending information in your field so you don't have to. Join 46,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content