HR Digest

MARCH 12, 2025

In 2025, salaries alone no longer define an attractive employment offer. Employers are increasingly turning to fringe benefits. What are fringe benefits? But what exactly is the meaning of fringe benefits, and why do they matter? What are Fringe Benefits? 401(k) matching), stock options, or performance bonuses.

401(k) 52

401(k) Health Insurance Taxes Retirement Plan 52

Employee Benefits

FEBRUARY 14, 2024

One thing for sure is that getting employees the medical help they need more quickly is essential, and this is where a Virtual GP and digital healthcare platform comes into its own. With the retirement age continually increasing, many UK employees rely on their salary for longer. How do digital health platforms save businesses money?

Healthcare 105

Healthcare Employee Wellness Medical Government 105

HR Lineup

APRIL 11, 2023

Attract and Retain Top Talent Offering global benefits services can be a powerful tool for attracting and retaining top talent. In today’s competitive job market, employees are looking for more than just a salary; they want a comprehensive benefits package that includes healthcare , retirement plans, and other benefits.

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Retirement Plan Health and Welfare Health Insurance Benefit Providers 246

HR Lineup

APRIL 10, 2023

Compensation and Benefits HR professionals are also responsible for managing employee compensation and benefits. They may also conduct salary surveys to ensure that the company’s pay rates are competitive. They work with management to develop and implement compensation strategies that attract and retain top talent.

Family and Medical Leave Act 246

Family and Medical Leave Act Retirement Plan Health Insurance Human Resources 246

Achievers

JUNE 6, 2022

Depending on the type of benefits your organization offers, it may be worthwhile to cast them in the framework of total compensation. For example, say a team member with an annual salary of $50,000 has a benefits package worth around $15,000. Make incredible rewards a part of your employee benefits program.

Employee Benefits 281

Employee Benefits Family and Medical Leave Act 401(k) Retirement Plan 281

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

HR Lineup

AUGUST 7, 2023

Compensation and Benefits: Fair and competitive pay, along with attractive benefits packages, can enhance job satisfaction. Competitive Compensation and Benefits: While job satisfaction is not solely tied to financial incentives, competitive compensation and benefits can undoubtedly enhance overall contentment.

Employee Retention 246

Employee Retention Benefits Package Healthcare Benefits Human Resources 246

Employee Benefits

FEBRUARY 15, 2023

He explains: “Our research [published in October 2022] shows that 81% of employees say they’re going to reduce spending on routine healthcare, such as dentists and opticians. A cash plan is the perfect benefit, because it’s very affordable for the [employer], a fraction of the salary bill.”

Benefits Package 105

Benefits Package Pension Education Bonuses 105

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). (See

PTO 40

PTO Retirement Plan Salary Bonuses 40

HR Lineup

MAY 30, 2023

Offer Competitive Compensation and Benefits: While purpose and workplace culture are crucial for Gen Z, competitive compensation and benefits also play a significant role in attracting and retaining talent. Tailor benefits packages to address the unique needs and preferences of Gen Z.

Media 243

Media Retirement Plan Recruitment Technology 243

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

Empuls

AUGUST 28, 2024

In today's rapidly evolving workplace, offering a comprehensive benefits package is no longer just an added perk—it's a critical component of attracting and retaining top talent. This alarming statistic signals a pressing need for businesses to reevaluate their benefits offerings.

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Benefit Providers Employee Benefits 401(k) Retirement Plan 40

Empuls

SEPTEMBER 26, 2024

This could be in the form of salary raises, performance-based bonuses, or commissions. Financial rewards serve as a clear motivator since they provide immediate, tangible benefits. Job security and benefits Non-monetary incentives such as job security and comprehensive benefits packages are key motivators.

Bonuses 52

Bonuses Health Insurance Benefits Package Salary 52

Empuls

DECEMBER 24, 2024

In today’s competitive job market, a well-structured staff benefits program is crucial for attracting and retaining top talent. Organizations prioritizing meaningful benefits show their commitment to employee well-being, fostering loyalty, and enhancing productivity. These perks enhance employee well-being and job satisfaction.

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Healthcare 40

Empuls

AUGUST 27, 2024

No longer are competitive salaries and basic benefits enough to attract and retain top talent. From free gourmet meals and on-site healthcare to nap pods and fitness centers, Google’s perks are designed to make work a place where employees can thrive, both personally and professionally.

Parental Leave 40

Parental Leave Health Insurance Salary Bonuses 40

Best Money Moves

APRIL 20, 2022

It costs six to nine months of an employee’s salary to hire and acclimate their replacement, according to data from SHRM. To help avoid the high costs of turnover, employers should be prepared to reevaluate their benefits packages. Here are 5 benefits to include in your employee retention strategy.

Employee Retention 122

Employee Retention PTO Healthcare Benefits Package 122

Best Money Moves

SEPTEMBER 15, 2021

The Society for Human Resource Management (SHRM) estimates that the average replacement cost of a salaried employee is six to nine months’ salary. Financial wellness programs improve overall health and well-being, leading to lower stress and lower healthcare costs. So, how can you increase employee retention?

Finance 105

Finance Employee Retention Salary Benefits Package 105

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

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

Best Money Moves

NOVEMBER 3, 2021

Here are 4 of the top employee benefits trends to keep in mind for 2022. Having a benefits package that is the same for every employee often leads to workers not fully understanding what they’ve enrolled in. Employers are trying to combat this in 2022 by shifting to personalized benefits. Additional personalization.

Work From Home 111

Work From Home Benefits Package Finance Healthcare Benefits 111

Employee Benefits

NOVEMBER 20, 2023

UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package. The TRS outlines what employee benefits have been on offer for the past 12 months. Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy.

Retail 105

Retail Overtime Pension Benefits Package 105

Qandle

JUNE 25, 2024

Continuously benchmark against market standards to ensure that your salary and benefits packages remain competitive. Example: XYZ Company conducts annual salary benchmarking to ensure its compensation packages are aligned with industry standards.

Employee Retention 105

Employee Retention Software Benefits Package Salary 105

Best Money Moves

MARCH 11, 2024

To evolve your benefits strategy, you need to understand what will help your employees the most. Here are the best benefits in 2024 based on input from real workers. Affordable healthcare Healthcare costs are a major concern for employees, especially for those who earn lower wages.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

Employee Benefits

MAY 1, 2024

Its survey of 500 HR professionals also found that 34% of respondents have seen increased interest in their overall benefits packages , while 40% said potential employees are more interested in higher salaries.

Recruitment 114

Recruitment Benefits Package Salary Employment 114

Insperity

SEPTEMBER 21, 2023

59% of employees feel their salary has not maintained pace with the rising cost of living. You also don’t want to have to continually replace people who leave for a better salary – it’s costly and time consuming to recruit and train new employees. But increased salaries may not always be feasible.

401(k) 105

401(k) IT Benefits Package Finance 105

Employee Benefits

MAY 20, 2024

Flexible benefits , voluntary benefits, and allowances or pots offer the potential for greater personalisation. A robust communications programme delivering frequent messaging in different formats helps employees know what is available, increasing the value of the benefits package.

Employee Benefits 64

Employee Benefits Benefits Package Voluntary Benefits Pension 64

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

Employee Benefits

NOVEMBER 21, 2022

“If this is the case, employee benefit platforms and reward can become a redundant cost to the business and it not getting the full value of what is on offer,” she says. “It’s important for employers to ensure that reward packages are as accessible as possible.”. Staying on trend with current issues.

Finance 111

Finance Pension Benefits Package Bonuses 111

Vantage Circle

MAY 18, 2023

Employees now want more than just salaries from their employers. They want a competitive benefits package to motivate them and improve their satisfaction. This innovative approach goes beyond the standard compensation package. The number shows the critical importance of healthcare in an employee's life.

Family and Medical Leave Act 106

Family and Medical Leave Act Life Insurance Health Insurance Retirement Plan 106

Employee Benefits

JULY 12, 2023

Being able to articulate to the organisation the costs and benefits of headcount changes will put [an employer] in a very advantageous position.” As organisations start to get a bit more advanced, they can think about adding a greater degree of choice to a benefits package, says Gregson.

Pension 98

Pension Net Pay Paid Leave Taxes 98

Employee Benefits

AUGUST 28, 2024

Highlighting benefits such as flexibility, training and development, and the sense of purpose that can be gained by working in the public sector can create a compelling employee value proposition. Public sector reward and benefits packages often get a bad rap. Schemes are generous but employees don’t necessarily perceive this.

Pension 64

Pension Electronics Salary Parental Leave 64

Business Management Daily

FEBRUARY 16, 2024

A gym membership is nice, but healthcare is better. 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 benefits package they need to thrive outside of work.

Food 87

Food Retirement Plan 401(k) Bonuses 87

Employee Benefits

JANUARY 10, 2024

Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package. and GymFlex, via salary deduction. What types of schemes are available? There are a variety of corporate gym membership schemes on offer. Are there any tax or legal issues?

Taxes 59

Taxes Benefits Package Salary Deductible 59

Qandle

JANUARY 18, 2025

A competitive salary, along with a strong benefits package (healthcare, retirement plans, paid time off, etc.), Employees who feel that they are not being fairly compensated for their skills and efforts are more likely to leave for better-paying opportunities. is essential for retaining top talent.

Human Resources 52

Human Resources Software Recruitment Retirement Plan 52

Business Management Daily

APRIL 25, 2024

Most people hope their job will help them strike a better balance between work and life, so benefits should be tailored to fostering better personal health and more financial security. In other words, an employee’s salary and insurance coverage are likely to be worth more than paid meals every other Friday. Legal requirements.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Employee Benefits

FEBRUARY 20, 2024

Beyond these smaller steps, more and more organisations are making the decision to offer fitness memberships as part of their employee benefits packages, to enable their staff to stay fit outside of work. The benefits also extend to staff recruitment and retention.

Manufacturing 52

Manufacturing Benefits Package Retail Recruitment 52

Qandle

AUGUST 24, 2022

Employees, for instance, are able to bring their life-change events (marriages, babies, and the like) up to date, as well as locate their benefit statements and pay stubs, and make requests for time off and sick leave. Features often seen in modules for benefits administration include the following: Online open enrollment.

Human Resources 98

Human Resources Management Payroll Health and Welfare 98