Employee Benefits

NOVEMBER 28, 2022

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. For those planning on providing Christmas bonuses, employers based the decision on sales targets (31%), profits (30%) and employees’ personal goals (29%).

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Achievers

NOVEMBER 29, 2024

These rewards can be tangible, like bonuses or promotions , or intangible, like recognition or praise. Incentive theory today recognizes that motivation comes from a combination of intrinsic factors, like personal satisfaction, and extrinsic rewards, like money or bonuses. What is incentive theory?

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Vantage Circle

JUNE 13, 2023

Although there are innumerable ways of rewarding your employees, rewards like spot bonuses undoubtedly win it. Unlike traditional performance-based bonuses typically tied to annual or quarterly reviews, spot bonuses can be awarded anytime. Hands down! Spot Bonus- What is it? Why Give Spot Bonus to Employees?

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Employee Benefits

OCTOBER 27, 2023

This is the question that has arisen this week following the Financial Conduct Authority’s (FCA) announcement that the cap on bankers’ bonuses will be scrapped from 31 October. Will we see a move back to the former model of higher bonuses, but lower basic salaries? When the cap was first introduced, it understandably had its critics.

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Employee Benefit News

MARCH 21, 2024

The move follows better-than-expected earnings in recent weeks, and will benefit all eligible salaried workers.

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Employee Benefits

JANUARY 4, 2024

That is all well and good, but we do still base our bonuses on performance and without ratings, we are rather making it up as we go along. Worse, we had no way to analyse the bonuses given out, other than against target. I think it is interesting to see how the importance of performance-related pay has moved in and out of fashion.

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Employee Benefits

JANUARY 19, 2024

One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. The post 33% of UK employers plan on increasing salaries and bonuses in 2024 appeared first on Employee Benefits. Keeping workers engaged and motivated is equally crucial.

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Employee Benefit News

JANUARY 26, 2024

Workers are eligible if they earned a salary of less than $75,000 last year, and their total cash compensation was less than $85,000.

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Employee Benefits

FEBRUARY 9, 2024

They had been undertaking industrial action since before Christmas after not receiving the payment from their employer, which they stated denied them the opportunity as they are not officially direct NHS employees. Many NHS workers received the Covid payment last year.

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HR Digest

DECEMBER 22, 2024

Many employees rely on their holiday PTOs and bonuses to help them prepare for the expenses in the new year, and so companies giving holiday bonuses are preferred to those that dont. Employers in the law and legal sector can expect the most generous of bonuses with the average between $2,501 and $5,000.

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Employee Benefits

SEPTEMBER 12, 2024

Wholesaler Parfetts has awarded its employees a 12% profit share bonus following a record year for turnover. The employee-owned business operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport. All qualifying employees will receive the bonus in October.

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Empuls

OCTOBER 30, 2024

Bonuses have long been a favorite tool for employers to boost employee motivation and engagement. While salary increases play a role, bonuses—especially those tailored to individual preferences—can have an even bigger impact on morale and performance. The challenge is that not all bonuses are created equal.

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HR Digest

MARCH 28, 2023

Organizations should consider offering incentives for good attendance, such as bonuses or recognition programs, and providing clear consequences for excessive absenteeism. A key factor in managing absenteeism is understanding the hidden costs associated with it. Here are a few more strategies.

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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. One practice that has become increasingly common is employee poaching. Here are the key characteristics that define employee poaching: 1.

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Employee Benefits

NOVEMBER 10, 2023

According to research by recruitment and employment technology firm Career Wallet published this week, the majority (91%) of employees under the age of 35 would prefer their employer to use Christmas party budgets on awarding bonuses instead. It would be interesting to see how these opinions compare to employees’ pre-pandemic views.

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Insperity

AUGUST 12, 2021

Some companies now offer bonuses and other perks to entice candidates. So, what has shifted in the last several months? Certainly, after a year of staying put and waiting to see what would happen next while often living in survival mode and under extreme stress, there’s pent-up demand among employees for making a positive change.

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Vantage Circle

JUNE 8, 2024

As employees earn rewards and climb leaderboards, they experience a sense of accomplishment and belonging, which in turn boosts morale and productivity. In this blog we will explore the concept of gamification in employee recognition and look at its benefits for both employees and employers. So, let's get started!

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Business Management Daily

JUNE 2, 2022

Keep an updated task list, provide the right tools, and eliminate distractions—but what about when there’s not much going on at work? For frontline employees, the ones who handle storefronts, phone calls, and field duties, there’s often a lot more downtime, making it harder for them to stay engaged. Provide an open door & listen with open ears.

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HR Digest

OCTOBER 28, 2024

These include cut in bonuses for top-tier employees, reducing additional payments for employee anniversaries, and exploring possible closures of some German production sites. Volkswagen is exploring a series of cost-cutting measures for its core brand. Volkswagen Financial Services (UK) Limited, which has agreed to pay over 21.5

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HR Lineup

APRIL 19, 2024

Unlike traditional forms of compensation such as salary and bonuses, equity compensation grants employees ownership stakes in the company. Unlike cash bonuses, which provide immediate gratification, equity awards typically vest over time or are tied to specific performance metrics. appeared first on HR Lineup.

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HR Digest

NOVEMBER 13, 2023

The HR team is in charge of overseeing an entire organization and its performance, while also handling leave calculations, pay cuts, salaries, bonuses, promotions, feedback records, contract negotiations, interviews , exit interviews , conflict and their consequences , updating employee records, etc.

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Employee Benefits

FEBRUARY 21, 2024

Banking organisation Barclays has reported a mean gender pay gap of 33.6% for 2023, down 2.3 percentage points from 2022. Its median gender pay gap was 33.3%, down 4.4 percentage points from 2022. Its lower pay quartile comprised 66% females and 34% males, while its upper pay quartile was made up of 31% of females and 69% of males. A total of 91.6%

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Achievers

MARCH 6, 2020

Based on gender identification from the survey, women (18%) are more likely than men (13%) to feel appreciated by receiving spot bonuses or monetary rewards. When done correctly, employee recognition can be one of the most effective ways to boost the employee experience and appreciate employees. Use the right type of recognition.

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Employee Benefits

FEBRUARY 5, 2024

This rise = an increased cost to businesses and the economy when the cost of living and doing business is already high. So, what exactly is causing the increase? There are a few suspects, and at the top of the list are the pandemic and the cost-of-living crisis. So, why is the cost-of-living crisis also implicated?

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HR Digest

JULY 15, 2024

Workers have also been worried that the unsteady performance of the chips unit could put these bonuses at risk, cutting down on what they can expect to receive. Workers have also been worried that the unsteady performance of the chips unit could put these bonuses at risk, cutting down on what they can expect to receive.

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Money Talk

AUGUST 10, 2022

a high demand for workers (sometimes coupled with increased pay, signing bonuses, and/or remote-work flexibility) 2. One study found 1 in 5 retirees were likely to start working again soon. Factors contributing to this trend include: 1. vaccinations and booster shots reducing COVID infection fears 3. Best wishes for a great encore career.

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Money Talk

FEBRUARY 15, 2024

Examples include salary, wage, commission, bonus, and tip income, rents and royalties, interest, and required minimum distribution (RMD) withdrawals from tax-deferred retirement savings accounts (e.g., 401(k)s, 403(b)s, and traditional IRAs). It is calculated by dividing the total amount owed on a tax return by total taxable income.

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Hireology

JANUARY 4, 2022

You’ve updated your career site. It seems like you’ve done it all and you’re still struggling to bring in more applicants. If this sounds familiar, you’re not alone. 2021 was a really tough year for hiring, and 2022 is shaping up to be no different. . It just takes a bit more creativity and out-of-the-box thinking to reach and connect with them.

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Employee Benefits

MARCH 12, 2024

Both figures are lower than the organisation’s first reported ones in 2017, at 11.2% respectively. Its 2023 lower pay quartile comprised 68.5% men and 31.5% women, and its upper pay quartile 82.1% men and 17.9% The organisation’s 2023 mean gender bonus gap was 9.5% and its median gender bonus gap was 8.3%. A total of 95.4% men and 17.5%

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Vantage Circle

SEPTEMBER 24, 2024

Has it ever occurred to you how engaged your employees truly are? Are they all engaged on the same level, or do their levels vary? Given the utmost significance of employee engagement today, it is high time to ponder where your employees stand in engagement levels. However, turning a blind eye to disengagement can bear grave consequences.

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Achievers

APRIL 4, 2022

If your marketing efforts emphasize that you offer competitive pay, flexible work hours, and holiday bonuses, for example, you’ll strengthen your employer brand. Your organization’s employer brand should always be top of mind. It makes a major difference when it comes to attracting and retaining top talent. What is employer branding?

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Employee Benefits

DECEMBER 16, 2021

The research also suggested that retention bonuses may be used as a tactic to retain staff, as 28% already have this in place, 4% are implementing it in the next 12 months and 45% would consider it. More than a third (34%) said they would consider using bonuses above the market rate.

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Achievers

NOVEMBER 30, 2020

However, just having an employee recognition program outlined somewhere in your company policy is not enough to make it successful. You have to promote the program regularly, publicize it, and make it appealing to your employees. A recognition progra m can only succeed if employees actually participate in it on a regular basis.

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Achievers

OCTOBER 13, 2022

They include tuition reimbursement, increased time off, sales commissions, performance bonuses, flexibility in work arrangements, and much more. There are many ways to describe the ideal team, like productive, loyal, and collaborative. You know what it feels like to be happy, but what does it look like across an entire workforce?

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Achievers

NOVEMBER 11, 2020

How long does it take to build trust and vulnerability with your team? It doesn’t take long to build trust and vulnerability with your team if you make an effort, but the secret is continuing to work on it. When you know someone well and they’re vulnerable with you, honor that trust. One of my favorite quotes about trust and vulnerability.

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Hireology

OCTOBER 18, 2021

Plus, referrals end up being better performers once hired and they stick around longer, ultimately increasing productivity and reducing churn at your organization. But to yield these results, you need to put real effort into planning and executing your program. And even if you do use email on your team, inboxes can get cluttered, fast.

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Employee Benefits

APRIL 8, 2024

It also offers flexible payments, which allow Roadchef employees to choose exactly where, when and how they receive bonuses, rewards and expenses. They can choose to receive their payment instantly, send it to their savings account, or put it straight into their pension pot.

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