Employee Benefits

NOVEMBER 20, 2023

Credit: Julia Sudnitskaya / Shuuterstock.com A total reward statement provides an overview of an employment package and its value. A personalised benefits package can help to engage employees with their benefits because it is specifically relevant to them. appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 15, 2023

Many providers of existing benefits, such as pensions , will have education modules to increase awareness of the financial provisions on offer. Financial education and wellbeing For those employers wary of hiking pay to unsustainable levels, the alternative might be to bolster their approach to financial education and wellbeing.

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Employee Benefits

SEPTEMBER 8, 2023

Aberdeen-based Robert Gordon University has enhanced its benefits package to cater for changing employee needs post-pandemic. The post Robert Gordon University enhances benefits package appeared first on Employee Benefits. The Aberdeen Gift Card can be spent with around 300 businesses in the city.

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Employee Benefits

APRIL 28, 2023

Cornish charitable housing association Coastline Housing has received living pension accreditation from the Living Wage Foundation. Launched last month , the living pension is a voluntary savings target for employers who want to help workers build up a pension that will provide enough income for everyday needs in retirement.

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Employee Benefits

APRIL 10, 2024

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. appeared first on Employee Benefits.

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Employee Benefits

MARCH 13, 2023

Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future. In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable. One thing that might feel set in stone is pension contributions.

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Employee Benefits

AUGUST 19, 2024

The government’s pensions reform agenda could reshape the rewards and benefits landscape, presenting both opportunities and challenges for employers. The newly announced pensions review presents an opportunity to improve pension adequacy. Addressing the needs of under-pensioned groups is essential.

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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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Employee Benefits

JANUARY 12, 2024

More than a third (36%) of British employees will continue working past state pension age because they do not think their pension will cover their day-to-day expenses , according to research by Canada Life. Meanwhile, 34% have been swayed to take a job because of a competitive benefits package. million employees.

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Employee Benefits

FEBRUARY 6, 2023

EXCLUSIVE: Employers which have offered effective benefits packages to support employees with hybrid working are, for the first time, in with a chance of winning an accolade at the Employee Benefits Awards 2023. The winners for 2023 will be announced at the Employee Benefits Awards on Friday 23 June 2023 at the HAC London.

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Employee Benefits

APRIL 23, 2024

Its survey of 2,000 employees and 500 HR decision makers also found that more than half (53%) of respondents would like to see their employer investing in more sustainable benefits such as electric vehicles and sustainable pensions , rising to 66% among 18–34 year olds.

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Employee Benefits

NOVEMBER 11, 2022

Laura Trott appointed minister for pensions. EXCLUSIVE: Gen Z staff 20% more likely to engage with benefits package. Princes Group gives staff one-off payment and 7% raise. EXCLUSIVE: AutoRek launches financial wellbeing tool for staff. Wincanton gives Asda HGV drivers 9.5% Disability pay gap rises to 17.2% for 2022.

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HR Bartender

SEPTEMBER 21, 2016

[Aloise] Actuarial science, particularly as it relates to valuing the liabilities of a pension plan, is a critical need in managing the retirement benefit programs for many organizations that sponsor a defined benefit pension plan.

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Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

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Employee Benefits

SEPTEMBER 18, 2023

Private medical insurance (PMI) has become the most important perk that employees look for in their benefits package, according to new research by Zest. They also ranked PMI ahead of benefits that could help them with the cost-of-living crisis, such as employer support for home energy costs (25%) and workplace savings schemes (21%).

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HR Digest

MARCH 11, 2023

The world of international pension and savings plans is expanding at a breakneck pace, with both the demand for these plans and the assets they manage skyrocketing. For many expatriate workers, international pension plans offer a lifeline they simply can’t do without. And the top countries for workers on these plans?

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Employee Benefits

MAY 29, 2023

However, benefits are an important aspect of any offering from an organisation, as good benefits can provide security, flexibility, and peace of mind, contributing to a more positive work experience overall. So what constitutes a good employee benefits package?

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Employee Benefits

JANUARY 15, 2024

Employers can offer this tool to employees through benefits providers, while the Department for Work and Pensions has a dedicated website. Valued benefits include above-statutory pension contributions, group life and income protection cover, and healthcare provision.

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Employee Benefits

APRIL 11, 2024

Credit: ML Robinson / Shutterstock.com Newcastle Building Society has rolled out a flexible benefits platform for its more than 1,000 employees in order to boost engagement with its benefits package. It also wanted to provide visibility of all benefits to its workforce and encourage them to review these on a regular basis.

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Best Money Moves

OCTOBER 18, 2022

One of the easiest ways to assist employees on their journey to financial literacy is by providing a financial wellness platform in their benefits package. Not only do programs help workers, but a thorough financial wellness benefit can also help employers in hiring. How to help address the employee financial literacy gap.

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HR Digest

FEBRUARY 10, 2020

This organization provides industry standards tuition assistance for the employees in addition to excellent benefits and good salaries. The benefits package from this company is excellent in addition to the industry standard tuition assistance. ratings it received from the employees who have benefitted from it.

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cipHR

JULY 21, 2020

CIPHR’s head of HR, Gwenan West, shares how employers can put together a benefits package that makes all employees feel valued. Part of the answer lies with employee benefits. A workplace pension scheme, a health cash plan, and other benefits can show employees that they matter to their organisation.

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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.

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Employee Benefits

SEPTEMBER 10, 2023

Some of Tusker’s customers have shared their experiences on the impact of the car benefit scheme on their organisation’s benefits packages. It’s part of our overall benefits package and really fits with our corporate goals.” The car scheme was a great way to do this, while also contributing to our green agenda.

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Employee Benefits

MARCH 21, 2023

The last few years have caused many to reflect on how we spend our time, leading to employers having to re-evaluate their employee benefits package. David McCormack, CEO , HIVE360 , explains it’s important to first understand what benefits and support employees value the most.

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Employee Benefits

NOVEMBER 10, 2023

UK employers could be spending up to £15 billion a year on employee benefits that do not resonate with their staff, according to research by Isio and YouGov. However, those who thought their benefits package met none or very few of their requirements were 60% more likely to quit.

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Enjoy Benefits

JUNE 4, 2023

Pension freedoms introduced by the then chancellor George Osborne in 2015 also allowed some over-55s to draw on their retirement funds early. An Enjoy Benefits package of support offers a suite of attractive options for older workers who might be thinking about leaving. What can you do?

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HR Digest

FEBRUARY 20, 2020

Offering excellent retirement benefits for an employee can be useful for small companies who strive to attract and retain the right talent and skilled professionals. Some of the reasons are: Around 75% of the employees expect their employees to provide better retirement benefit pension plans. Work Smart.

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Employee Benefits

SEPTEMBER 11, 2024

Promote the employee benefits package Employees should be encouraged to investigate the range of workplace benefits that may be available and suitable for them. Some employers will also match any additional pensions contributions that employees may not be aware of.

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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.” For those looking to make the transition from a start-up into a slightly larger organisation, there are a number of benefits that can be implemented relatively quickly.

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cipHR

JUNE 4, 2020

Total reward statements (TRS) are used by employers to demonstrate to employees the true value of all their entire pay and reward package – which may comprise basic pay, overtime, bonuses, pension contributions, health benefits and more. They help people understand the full value of their pay, reward and benefits package.

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Employee Benefits

OCTOBER 4, 2023

Technology has become a vital part of how we operate, and this is certainly the case in the world of benefits. One offers technology and potentially a level of consulting and the other offers full service and support, including technology, consulting, pensions and broking,” he says.

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Employee Benefits

MARCH 8, 2023

Employers can also look at ways of improving their benefits packages, such as offering travel cards, parking contributions to help reduce costs when visiting the office, as well as gym memberships and discounts on restaurants and days out, to encourage staff to enjoy their time away from work and manage a healthy lifestyle.

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Employee Benefits

JANUARY 4, 2022

Importance of benefits. Research published by benefits provider Unum in December 2021, meanwhile, found 40% of staff who quit their job say a better employee benefits package would attract them to a new employer. Instead, reasonable remuneration packages must work in tandem with additional rewards programmes,” she says.

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Employee Benefits

OCTOBER 11, 2023

Tech platforms and channels enable employees to share their thoughts about their employee experience, including benefits, at any time, providing a continual source of valuable feedback. When it comes to employee engagement , retention and performance, the employee benefits package plays a crucial role.

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Employee Benefits

FEBRUARY 20, 2022

Thanks to automatic enrolment the staff pension scheme is now ubiquitous and employee awareness of the need to save is high. Many employees might understand that the minimum is unlikely to be enough, and value the additional contributions offered by employers who prioritise pension saving within their benefit package.

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Employee Benefits

JULY 24, 2024

Jonathan Watts-Lay, director at Wealth at Work, says: “There is a realisation among employers that it is not just about the pension but also that employees need other ways to save. Some will go into the pension, some could go into a shorter-term savings product such as an [individual savings account] (Isa) or general investment account (GIA).

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