WEX Inc.

SEPTEMBER 7, 2023

Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget. Illustrate how pre-tax contributions lead to significant savings over time, effectively reducing the impact on take-home pay.

Flexible Spending Account 98

Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

Employee Benefits

SEPTEMBER 14, 2023

Example 1: Sam[1] – Basic rate tax payer, earning £20,000 per year The employee increases pension contributions by 1% of salary which is matched by the employer. The cost to the employee of this increase in contribution is a reduction in take home pay of less than £12 per month (£136pa).

Pension 64

Pension Take Home Pay Salary Taxes 64

Employee Benefits

JUNE 7, 2023

Meanwhile, the cost-of-living crisis resulted in many employees preferring to stay in a work-from-home arrangement to save on the costs of commuting to and from work. Today’s benefits, therefore, need to look at the whole employee experience and day-to-day lives, says Nebel Crowhurst, chief people officer at Reward Gateway.

Employment 105

Employment IT Work From Home Take Home Pay 105

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. These perks not only provide employees with financial advantages but also contribute to a more fulfilling and enjoyable work experience.

Employee Benefits 40

Employee Benefits roth 401(k) Flexible Spending Account 401(k) 40

Employee Benefits

SEPTEMBER 16, 2024

We are pleased to have successfully negotiated a significant boost to our members’ take-home pay.” Pat McIlvogue, industrial officer at Unite, said: “The Scotrail pay offer is a credible one. It provides a solid platform for securing better jobs, pay and conditions going forward.”

Transportation 59

Transportation Engineering Take Home Pay Hospitality 59

Employee Benefits

AUGUST 12, 2024

“However, many workers will still feel worse off than they did a couple of years ago, so other benefits such as providing flexible working, offering benefits that help boost take home pay, and taking steps to improve job quality, are in employers’ interest to help both support and retain staff.”

Take Home Pay 59

Take Home Pay Government Recruitment Employment 59

Employee Benefits

SEPTEMBER 6, 2023

Colleagues can access information about everything on offer, as well as self-serve additional salary sacrifice options such as additional pension contributions, family private medical insurance, holiday purchase and cycle to work, and instantly see how this will impact their take home pay.

Technology 59

Technology Take Home Pay Pension Finance 59

Employee Benefits

FEBRUARY 27, 2023

hours per week with a take home pay of £1,363. The post Eyekon Services to pay £8,980 in unfair dismissal case appeared first on Employee Benefits. A Rodgers worked as a cleaner and caretaker from June 2002 for a firm that was taken over by Glasgow-based Eyekon Services last year. Rodgers worked 37.5

Take Home Pay 59

Take Home Pay Consulting Employee Benefits Employment 59

Genesis HR Solutions

AUGUST 9, 2018

Employee benefits may be expensive, but their value goes beyond a simple dollar amount. When sizing up job offers, prospective employees will absolutely be comparing your company’s benefits against those of your competitors. In this article, we’ll look at: The benefits most businesses offer.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Health Consultants Group

SEPTEMBER 1, 2021

For example, some white-collar employees have said that they would willingly give up a portion of their salary if they could keep a work-at-home option. . Many hourly workers toiled long hours and endured health risks for low take-home pay. Upgrade employee benefits.

Employee Retention 94

Employee Retention Work From Home Take Home Pay Consulting 94

Employee Benefits

MARCH 5, 2024

The retailer has additionally increased minimum pay rates , which will rise to £11.50 Over the past three years, Currys has increased its minimum hourly pay by 29%. This increase in take-home pay will mean that the annual earnings of an employee who works 20 hours a week will have risen by nearly £2,700 over the three-year period.

Salary 59

Salary Take Home Pay Retail Bonuses 59

Employee Benefits

NOVEMBER 22, 2023

While increasing their take-home pay is an obvious solution to improving engagement levels, this must be coupled with greater support from employers so workers can better manage their lives both inside and outside the workplace.

Take Home Pay 59

Take Home Pay Employee Recognition Employee Benefits Employment 59

Employee Benefits

JULY 25, 2023

Net Pay contributions from your employees is deducted before tax. While there’s no tax relief here, your employee will end up paying less in National Insurance and will notice an increase in their take-home pay. This could still be seen as a tax benefit.

Pension 96

Pension Net Pay Taxes Salary 96

Employee Benefits

NOVEMBER 27, 2023

Understand the implications of any changes in income tax rates or allowances on your take-home pay. appeared first on Employee Benefits. Review their estate planning strategies considering changes to inheritance tax or other related policies.

Take Home Pay 52

Take Home Pay Finance Taxes Government 52

Employee Benefits

AUGUST 7, 2024

Informing employees about the upcoming P11D changes, with a focus on how take-home pay might be affected, is crucial to avoiding potential misunderstandings that can lead to dissatisfaction if the changes are perceived negatively. appeared first on Employee Benefits.

Payroll System 59

Payroll System Taxes Payroll Take Home Pay 59

Employee Benefits

APRIL 22, 2024

Jeanette Makings, head of workplace financial wellbeing at Close Brothers Asset Management, says: “Employees will need help understanding the impact in relation to their take-home pay. appeared first on Employee Benefits. The post Fiscal drag: how can employers offset the challenges of a difficult economy?

Employment 59

Employment Taxes Finance Net Pay 59

Employee Benefits

JULY 10, 2023

Employees who get into financial distress are likely to opt out from benefits, even important ones like pensions or healthcare, to boost their take home pay,” he explains. “Employers can track this and offer support to employees who need it.” appeared first on Employee Benefits.

Technology 49

Technology Employment Voluntary Benefits IT 49

Employee Benefits

JULY 6, 2023

By asking employees to lower their gross income (for example, by the percentage they contribute to their pension), and committing to contribute the difference directly into their pension, employees can actually increase their take-home pay. This happens because lower earnings mean less NI to pay.

Pension 52

Pension IT Salary Take Home Pay 52

Employee Benefits

JULY 6, 2023

In a nutshell, this mechanism allows employees to maintain their pension contributions and even enjoy a slightly higher take-home pay. It’s a clever tax manoeuvre that reduces the National Insurance (NI) contributions individuals need to pay.

Pension 52

Pension Salary Take Home Pay Government 52

Employee Benefits

JUNE 6, 2023

Meanwhile, the cost-of-living crisis resulted in many employees preferring to stay in a work-from-home scenario to save on the costs of commuting to and from work. Today’s benefits need to look at the whole employee experience and day-to-day lives, notes Nebel Crowhurst, chief people officer at Reward Gateway.

Employment 52

Employment IT Work From Home Take Home Pay 52

Benefit Resource Inc.

NOVEMBER 19, 2019

According to Wikipedia: “A cafeteria plan is an employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code”. A dependent care account is another tax-free employee benefit that allows employees to pay for certain child care or elder care expenses with tax-free dollars.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

Insperity

NOVEMBER 30, 2011

Employee benefits are now an integral part of the compensation packages offered by many businesses. Not all workers take full advantage of their benefits, however. Have HR personnel explain how elective benefits would impact a worker’s take-home pay.

Benefits Package 40

Benefits Package Take Home Pay Utilities Health Insurance 40

Benefit Resource Inc.

NOVEMBER 19, 2019

According to Wikipedia: “A cafeteria plan is an employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code” Are you asleep yet? Who uses the word pursuant in a definition? Unfortunately, this topic can often come with a lot of legalese and difficult terms.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Taxes Take Home Pay 40

TalentCulture - Employee Benefits

DECEMBER 19, 2023

There are multiple reasons why, including higher-quality jobs, better retirement packages, and more robust benefits. For many employee-owned businesses, a significant advantage comes from increased take-home pay and better wages overall. Let’s look closer at several of these outcomes: 1.

Finance 52

Finance Parental Leave Take Home Pay Retirement Plan 52

Empuls

JUNE 18, 2023

Employees can maximize their tax benefits and potentially increase their take-home pay by utilizing meal cards. Benefits of meal cards for employers There are several benefits of meal cards for employers. Here are some of them: 1.

Utilities 52

Utilities Food Taxes Take Home Pay 52

Workplace Insight

JANUARY 27, 2025

If you want to provide great employee benefits but are constrained by budget, there are some company perks that not only keep your employees happy, but can also provide serious value for money. Theres a cost-effective way to increase employees pension pots AND save your business money at the same time: Salary Sacrifice Pensions.

Employee Benefits 52

Employee Benefits Pension Take Home Pay Salary 52

Flimp Communications

MARCH 11, 2025

First, they typically come with significantly lower premiums which means more take-home pay for employees or money that can be reinvested back into the HSA. Secondly, tax-free HSA funds can be used to pay out-of-pocket healthcare costs, including doctor visits, medications, and testing.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

Empuls

APRIL 4, 2025

  Traditionally, employee benefits were limited to necessities like health insurance, retirement plans, and paid leave.   With Empuls, you can:  Deliver tax-free fringe benefits like fuel reimbursements, meal cards, LTA, and more—helping employees maximize their take-home pay. 

Retirement Plan 52

Retirement Plan Health Insurance Taxes Insurance 52