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Facilities management and professionalservices business Mitie has launched a £10 million winter support package to help its workforce with the rising costs of living. The employer stated that it is focusing its support on those who need it most, with 40,000 of its lowest-paid employees set to benefit.
Employee engagement is seen as the most important objective for organisations’ benefits strategies, with 80% rating it as either one or two out of five in importance, according to new research. It found that employee choice, recruitment and retention were considered the next most important for benefit strategies after engagement.
Focusing on employeebenefits will help architecture firms attract those employees. Here are some of the top employeebenefits that architecture firms offer. Consistently seen as one of the most valued employeebenefits, health insurance offerings are often generous at architecture firms.
Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professionalservices firms that support them. Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days.
Professionalservices firm PricewaterhouseCoopers (PWC) has revealed that its UK 2022 mean gender pay gap was 8%, down from 9.4% of male employees and 96.4% of female employees received a bonus last year, compared with 98% and 98.5% in 2021, and has published its sexual orientation pay gap data for the first time.
EmployeeBenefits poll: A third (32.6%) of organisations did nothing to celebrate Employee Appreciation Day , according to an online survey among EmployeeBenefits readers. The post A third of employers did not celebrate Employee Appreciation Day appeared first on EmployeeBenefits.
Facilities management and professionalservices firm Mitie has reported a mean ethnicity pay gap of 14.8% ethnically diverse employees in 2022, whereas its highest pay quartile consisted of 62.6% mean ethnicity pay gap appeared first on EmployeeBenefits. for 2022, an increase from 11.2% the prior year.
Credit: JHVEPhoto / Shutterstock.com Professionalservices and accounting firm Ernst and Young (EY) is to allow its UK consultant employees to take time away from their roles. In order to be eligible, employees must be graded as at least “performing as expected” by their line manager.
In his comments, he mentioned a new trend in employeebenefits: student loan benefit programs. What are student loan benefit programs? EdAssist was one of the very first providers to offer student loan benefit programs for large employers so I asked Chris Duchesne, vice president at EdAssist, for a high-level definition.
Last week, EmployeeBenefits reported that professionalservices recruitment firm Sellick Partnership gave its more than 100 employees a day off to mark Employee Appreciation Day (Friday 3 March). In light of this, what did your organisation do to celebrate Employee Appreciation Day this year?
For instance, Colorado recently passed a law requiring employers to include total compensation reports (salary, bonuses, and benefits) in job postings. Often, job candidates don’t receive salary information or employeebenefits reports until the hiring process ends. COMPackage: The Go-To Benefit Statement Software.
Once you have recruited the best professionals in the field, it is crucial to implement effective retention strategies to ensure their long-term success with your company. This includes offering competitive employeebenefits, such as health insurance, retirement plans, and flexible work arrangements. You will not regret it!Some
Here are the effective ways to reward employees for good performance. Performance bonuses Performance bonuses are a common and effective way to reward employees for their outstanding work. Performance rewards or bonuses provide employees with a direct financial incentive for their exceptional efforts and contributions.
Career Development : Supports employees in identifying career paths and facilitates training and development opportunities. Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation. million users across 50 states."
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