Sat.Nov 19, 2022 - Fri.Nov 25, 2022

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6 types of employee rewards and how to use them

Achievers

What motivates you? Ask 100 employees, and you’ll get 100 unique answers. Maybe it’s the prospect of working on something they’re passionate about. It might be an organizational culture that makes them feel like they really belong. And some simply keep striving for a steady paycheck with the promise of raises, bonuses, and other financial incentives.

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How to engage staff with a total reward offering

Employee Benefits

To engage employees with a reward package , it needs to be clearly communicated, easy to understand and impactful in order to show its true value. The increasing use of personal devices to access benefits means that digital methods are often more effective. Factoring reward package reviews into formal milestones, such as six-month reviews or probation periods, can improve engagement and employees’ awareness of what is on offer.

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Trending Sources

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HR 101: Laid off? Here's how to manage your 401(k)

Employee Benefit News

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Paul Kelly: The importance of gender pay gap reporting for businesses

Employee Benefits

The government’s latest pay gap report, HMRC gender pay gap report 2021 , which was published on 27 January 2022, revealed that in 2021, women earned 90 pence for every £1 earned by a man. Following this, there is increasing pressure for employers not just to report the numbers but instead understand the reason for the gap. The gender pay gap is the difference between average male and female pay within individual organisations and across the UK as a whole, this is normally expressed as a percent

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The Great Disruption: Leveraging AI To Better Your Benefits Strategy

Speaker: Joana Ardelean, MSHRM, PHR, SHRM-CP, CC

The benefits landscape is shifting rapidly, and AI is at the center of this transformation. From optimizing health and wellness programs to predicting future benefits needs, AI is empowering HR and total rewards leaders to make smarter, more proactive decisions. The challenge? Understanding where AI fits in your strategy and how to leverage it effectively while keeping employee well-being at the forefront.

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Two-thirds of female-dominated professions have a gender pay gap

cipHR

Most popular occupations in the UK – including those with a high proportion of women in the workforce – have a pay gap that favours men, according to new analysis. HR systems provider Ciphr reviewed the latest gender pay gap estimates from the Office for National Statistics (ONS) to identify which female-dominated occupations (with workforces of 50,000 or more) have the widest and narrowest gender pay gaps in 2022.

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Why Don’t Men Use EAPs?

International Foundation of Employee Benefit Plans

Recommendations on improving EAP use by men. The post Why Don’t Men Use EAPs? appeared first on Word on Benefits.

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6 ways to ensure women have workplace flexibility

Employee Benefit News

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Striking a balance between protecting mental health and prioritizing productivity

Employee Benefits

Author: Jennifer Gendron- Global Chief Commercial Officer at Koa Health – Employee Mental Health and Wellbeing Solutions. As businesses become more aware of the explicit and implicit demands of their workforce–employee mental health has become a company priority. The World Health Organization reports that an estimated 12 billion working days [1] are lost annually due to depression and anxiety, costing companies $1 trillion worldwide.

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My Ten Key Take-Aways From the 2022 AFCPE Symposium

Money Talk

Attendees at the same professional conference have different take aways depending on their lifestyle, job responsibilities, subject matter knowledge/skill set, and other personal characteristics. We all filter new information through these lenses. When information comes at a “teachable moment,” interest in, and attention to, a presentation dramatically increases.

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10 HR Metrics for 2025: HR Data Toolkit

The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!

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Employee personnel files — what should and shouldn’t be included

Business Management Daily

As any human resources professional will attest, managing every employee’s employment life cycle involves a good deal of paperwork. Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Setting up employee personnel files is an important part of the recordkeeping process.

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How to Build Right Workplace Culture for Remote Employees

HR Digest

What makes a great virtual team? If you’re asking that, chances are you’re not getting the answer you want. Building the right workplace culture for remote employees can be a challenge. A lot of people think the secret to building a great remote team is to put people together and hope for the best. It’s true that some teams do better than others, but it’s not always clear why.

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ERISA Fee Complaint Dismissed in Pennsylvania District Court, Extending Favorable Trend

Proskauer's Employee Benefits & Executive Compensa

In Krutchen v. Ricoh USA , No. 22-cv-678, 2022 U.S. Dist. LEXIS 206792 (E.D. Pa. Nov. 15, 2022), a Pennsylvania district court dismissed an ERISA excessive fee complaint for failing to provide enough information about alleged comparator plans that allegedly paid less for recordkeeping services. The decision is notable for delivering defendants a victory in the Third Circuit, which previously allowed excessive recordkeeping claims to survive dismissal in Sweda v.

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Harrods security guards strike in pay dispute

Employee Benefits

Credit: I Wei Huang / Shutterstock.com. More than 50 uniformed security guards and CCTV operators employed by luxury department store Harrods have commenced strike action over a pay dispute , starting at 12pm today (Friday 25 November). The employees, who decided on strike action following a one-year 7% pay offer, also warned of demonstrations outside the store’s Knightsbridge entrance on 26 and 27 November and 3, 4, 10, 11, 17, 18, 23, 24 and 26 December.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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HR and IT departments will have to work together to recruit and retain talent

Employee Benefit News

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7 Signs You Are an Empathic Leader

HR Digest

Empathy is a must-have for any leader who wishes to excel in their leadership role. Anybody can fall under this category and have this skill within them. However, there are some tips and tricks of an empathic leader if you wish to be one. In this article, we explain what empathetic leadership looks like and some of the tips and tricks of an empathic leader.

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Boomerang Employees: All You Need To Know About Them

Vantage Circle

Not long ago, the concept of boomerang employees was a little out of the ordinary. Such workers were sometimes stigmatized, with the notion that they couldn't "make it" outside the safe haven of their former employer. Even the employers preferred not to rehire those who had freely quit their positions. But today, when employers scramble to fill recurring vacancies in their workforces, these so-called " boomerang employees " are finding a more accepting audience.

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West Midlands Metro staff accept up to 20.1% pay deal

Employee Benefits

Credit: Alex Daniels / Shutterstock.com. Crew members employed by West Midlands Metro have called off strike action after accepting an improved pay offer. Under the pay deal, existing tram crew with 12 months or longer of service will receive a 20.1% pay increase by April 2023, with 15% of it backdated to June 2022. New tram crew will see their wages rise by 13.7% by April 2023 and all other grades will receive a 10.5% pay increase.

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Where You Can and Absolutely Cannot Cut Costs Corners in Benefits Administration

Managing benefits administration is costly, and cutting corners in the wrong places can lead to disengaged workforces and the risk of non-compliance. This eBook from Selerix highlights areas where you can save without compromising the value of benefits. Proactively Thinking: Make decisions for the long run. Discover ways to be proactive in your decision-making to save money in the future, not just temporarily.

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EU approves major funding increase for new circular economy and clean energy projects

Workplace Insight

The European Commission has approved more than €380 million of funding for 168 new projects across Europe as part of its LIFE Programme for the environment and climate action. As part of the European Green Deal, it believes that the projects funded can help the EU become climate-neutral by 2050 and reach climate, energy and environmental goals. They aim to support biodiversity, nature restoration and a circular economy while contributing to the clean energy transition across the continent.

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Only 30% of workers say their employer respects holiday PTO

Employee Benefit News

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Costlier Reinsurance Is Feeding into Higher Commercial Policy Rates

InterWest Insurance Services

Commercial insurance companies are raising rates in most of their lines to account for increasing claims as well as the cost of claims, but another factor is forcing them to increase their rates further: reinsurance. When insurance companies underwrite policies, they will often not retain all of the risk. They will purchase reinsurance, which kicks in when claims reach what is considered a “catastrophic level.” These global reinsurance giants have seen their profits erode substantial

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Mitie introduces £10 million staff support package

Employee Benefits

Facilities management and professional services 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. As of this month, Mitie has launched a new £1,000 bikes-for-work scheme.

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4 HR Priorities for 2025 to Supercharge Your Employee Experience

Speaker: Carolyn Clark and Miriam Connaughton

Forget predictions, let’s focus on priorities for the year and explore how to supercharge your employee experience. Join Miriam Connaughton and Carolyn Clark as they discuss key HR trends for 2025—and how to turn them into actionable strategies for your organization. In this dynamic webinar, our esteemed speakers will share expert insights and practical tips to help your employee experience adapt and thrive.

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IN Magazine Supplement: internal communications for hybrid working cultures

Workplace Insight

One of the many important talking points of The Great Workplace Conversation and the widespread adoption of hybrid working over the past three years has been how we talk about change. Whenever anybody refers to people ‘returning to work’, they can expect to be corrected by somebody else pointing out that most people never stopped working during the various lockdowns.

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A new alliance of Fortune 500 execs and HR leaders will advocate for caregiver support

Employee Benefit News

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The Impact of a 4-Day Work Week

HR Digest

The trend surrounding a 4-day work week is increasingly becoming popular with many organizations and countries currently on the reduced work week trials. The need to create a work environment that can boost employee productivity and also lead to business success has led many organizations to give this strategy a shot. While no one saw the need for a four-day workweek in previous years, it’s hard to deny that many organizations need it now more than ever.

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Brambles engages and motivates employees with holistic approach to benefits

Employee Benefits

During what have been turbulent times for many, Brambles has ensured that it engages and motivates employees through its benefits proposition, while also fully supporting all areas of wellbeing. Recognising the strain that working through the pandemic has had on some employees, Brambles continuously informs staff about their benefits so that they fully understand their value and how they can help in their daily lives.

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HR’s Blueprint for a Successful 2025

The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.