HR Digest

MARCH 12, 2025

In 2025, salaries alone no longer define an attractive employment offer. Employers are increasingly turning to fringe benefits. At its core, the fringe benefits meaning refers to any compensation provided to employees beyond their regular wages or salaries. What are fringe benefits?

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HR Lineup

MARCH 10, 2022

Nonqualified deferred compensation (NQDC) plans are among the benefits employers use to retain top talent , and if you are wondering what they are, this article clarifies everything. In addition, you will understand the benefits and risks of implementing NQDC plans so that you can put them to the best use for your business. .

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Best Money Moves

AUGUST 6, 2024

Employees often look to their employer as a source of financial wellness support. Yet only 28% of employers report offering such benefits to their teams. Having a high debt-to-income ratio can limit the options an employee has amid a sudden emergency, even for employees earning six-figure salaries.

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COMPackage

NOVEMBER 4, 2024

Employees increasingly seek transparency and value beyond just base salary. Total Compensation Report (TCR) templates offer a solution, providing a clear and concise framework for communicating the full value proposition an employer offers. Customization Counts: Consider the specific needs of different employee segments.

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HR Lineup

APRIL 11, 2023

Employment is a significant part of our lives, and it comes with various benefits and perks. Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. One of these benefits is the provision of employee benefits.

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WEX Inc.

JUNE 13, 2023

And baby boomers are actually the highest percentage of retirement-account holders among any group segmented in a 2021 survey by the U.S. This lack of retirement planning by large segments of employees is leading to more stress for them and less productivity at work. Independence to make your own decisions in your retirement.

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Bayzat

JULY 15, 2024

To achieve this, employers should create a comprehensive well-being program that addresses both physical and mental health, encourage a culture where taking sick leave is not stigmatized, ensure workloads are manageable, and promote work-life balance through flexible working hours.

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Money Talk

APRIL 20, 2023

One of my Money Talk clients is my long-time employer, Rutgers Cooperative Extension. My segment of their six-week class series was called Can Farmers Ever Afford to Retire? Benefits are based on a worker’s 35 highest earning years and delayed retirement credits between full retirement age and age 70 increase benefit amounts.

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401(k) Pension Retirement Plan Taxes 246

COMPackage

NOVEMBER 5, 2024

Employees increasingly seek a clear understanding of the complete value proposition their employer offers, going beyond just base salary. TCRs address this by shedding light on all aspects of an employee’s compensation, including: Base Salary: The core component, clearly outlining the annual or hourly wage.

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Money Talk

JUNE 16, 2022

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

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HR Lineup

APRIL 10, 2023

HR professionals are responsible for managing employee benefits programs, such as health insurance, retirement plans , and paid time off. They may also conduct salary surveys to ensure that the company’s pay rates are competitive. HR plays a critical role in supporting employees throughout their employment journey.

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HR Lineup

MAY 28, 2024

These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. Employee perks, also known as employee benefits or fringe benefits, are additional incentives provided by employers to their employees beyond their regular salaries or wages.

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HR Lineup

JUNE 24, 2024

While salary is a significant factor, a holistic approach to compensation includes benefits that address various aspects of an employee’s life and well-being. Key Elements: Salary: Competitive and fair, reflecting the market and individual performance. Retirement Plans: Employer-matched retirement savings plans.

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COMPackage

NOVEMBER 3, 2024

Beyond the Dollar Sign: The Power of Total Compensation Traditionally, compensation discussions often focused solely on base salary. TCRS provide a transparent breakdown of all aspects of an employee’s compensation package, including: Base Salary: The core component, outlining the annual or hourly wage.

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Insperity

OCTOBER 1, 2024

And employment has an effect on nearly aspect of a person’s wellness, including: Basic financial benefits of a paycheck and benefits. Opportunity to advance one’s career, gaining in title, status and salary. Perform regular compensation benchmarking to ensure that your salaries are fair and based on objective data.

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Qandle

DECEMBER 11, 2024

Employers must create clear development plans and offer opportunities for training and skill enhancement to keep their best talent engaged and motivated. Promoting Work-Life Balance Employers can combat these issues by promoting a healthy work-life balance.

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Empuls

AUGUST 28, 2024

Furthermore, research shows that 73% of employees are significantly more likely to remain with an employer that provides a comprehensive benefits package. Employee benefits providers are organizations that specialize in designing, administering, and managing employee benefits packages on behalf of employers. 

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HR Lineup

MAY 29, 2023

Employers invest significant time and resources in identifying and hiring the best candidates. Understanding the reasons behind such rejections is essential for employers to improve their hiring strategies and increase their chances of securing top-notch talent.

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Money Talk

NOVEMBER 30, 2022

Develop a Proactive Mindset - This means acknowledging, learning about, and planning for possible future outcomes rather than ignoring the possibility that they could happen. An example is retirement planning. Of course, investing for long-term goals should, ideally, have been occurring without interruption during the pandemic.

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HR Lineup

FEBRUARY 1, 2024

Compensation goes beyond just the salary paid to employees and includes various elements designed to reward and recognize their contributions. HR professionals play a crucial role in benchmarking salaries against industry standards, ensuring internal equity, and addressing any pay disparities within the organization.

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COMPackage

NOVEMBER 1, 2024

Employees crave a clear understanding of not just their base salary, but the entire value proposition offered by their employer. These reports paint a complete picture of an employee’s compensation, fostering trust, engagement, and a win-win situation for both the employer and employee.

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Retirement Plan Health Insurance Bonuses Salary 40

Vantage Circle

MARCH 25, 2025

A solid benefits package has comprehensive health insurance, paid time off (PTO), retirement plans, and wellness support. Retirement Plans (401(k) & Pensions) A robust 401(k) match or pension plan is a powerful signal that a company views its employees as long-term partners, not disposable resources.

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Money Talk

OCTOBER 27, 2022

Below is a discussion of IRAs and details about how they can lower your taxes and provide a retirement savings nest egg: Description - An IRA enables workers with earned income (salary from a job or net earnings from self-employment) to save and invest for retirement. municipal bonds or bond funds).

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Best Money Moves

MAY 10, 2022

5 benefits for employers to retain and attract top talent. High turnover creates an expensive problem for employers and stressful environment for employees. The cost of replacing an employee can range anywhere from six to nine months’ salary, according to data from SHRM. Offer competitive, matched retirement planning options.

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COMPackage

NOVEMBER 2, 2024

Beyond just base salary, employees value a comprehensive benefits package that contributes to their overall well-being. This guide explores the importance of TCRs, highlights key considerations for crafting effective reports, and showcases sample reports for both salaried and hourly employees. healthcare, PTO).

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Employee Benefits

JUNE 3, 2024

Alongside this, it improved its offer to employees through the defined contribution (DC) scheme, including increasing the core employer contributions significantly and introducing additional matched contributions up to 12%. The post Howdens provides staff with valuable retirement-planning tools appeared first on Employee Benefits.

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HR Lineup

JUNE 14, 2024

Strategies: Building a strong employer brand , utilizing social media, creating appealing job postings, and engaging in community outreach. Examples: Google’s innovative recruitment campaigns and strong online presence that make it a highly attractive employer. Strategies for Each Stage 1.

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Business Management Daily

SEPTEMBER 16, 2024

Professional employer organizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of Professional Employer Organizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.

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HR Lineup

MAY 30, 2023

Utilize social media platforms , create a compelling employer brand on websites and professional networks, and leverage innovative recruitment technologies to reach Gen Z candidates where they are most active. Employers should establish robust learning and development programs, including mentorship, coaching, and training initiatives.

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HR Professionals Magazine

JULY 26, 2022

workers currently don’t have access to a retirement plan sponsored by their employer. To bridge this gap, a majority of states have contemplated state-mandated retirement savings plan legislation, and 13 have already signed such programs into law. Key retirement plan differentiators at a glance.

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Money Talk

JULY 13, 2023

Act of 2022 , passed last December, has financial planning opportunities for both the accumulation and distribution phases of retirement planning. New Catch-Up Limit - Currently, additional catch-up savings ($7,500 in 2023) in employer retirement plans is available for workers age 50+. The SECURE 2.0

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401(k) Retirement Plan Taxes Salary 130

Best Money Moves

JULY 30, 2024

In fact, according to MetLife’s 2024 Employee Benefit Trends Study, 93 percent of employees consider workplace wellbeing as important as salary. However, despite this importance, employers still fall short when it comes to selection — and these benefits mistakes can lead to serious consequences for your team.

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Benefits Package Retirement Plan Education Utilities 59

Employee Benefits

APRIL 10, 2023

New initiatives, such as the Living Pension, provide an opportunity for employers to support staff, particularly their lowest-paid employees, in saving more for their retirement. Retirement planning Freedom of access to pension savings has impacted retirement strategies. appeared first on Employee Benefits.

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Retirement Plan Pension Taxes Education 64

HR Lineup

AUGUST 8, 2023

This may include health insurance, retirement plans, paid time off, and other non-monetary benefits. Compensation: The financial rewards and benefits that employees receive for their work, including salary, bonuses, commissions, and stock options.

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COMPackage

OCTOBER 31, 2024

These reports go beyond just base salary, detailing the full value proposition an employee receives, including benefits, paid time off, retirement savings plans, and more. A TCR highlights the true cost of these benefits, allowing employees to appreciate the additional compensation they receive beyond their base salary.

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eni

JULY 31, 2024

Develop a Strong Employer Brand: A strong employer brand is the foundation of attracting top talent. HR professionals can ensure their offerings are attractive by: Conducting regular market research to understand industry salary standards and benefits trends.

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HR Digest

SEPTEMBER 18, 2023

Effective from 17 September this year, the pay transparency law will now enforce regulations that ensure employers who want to advertise a job posting are clear about what salaries applicants could expect for the position. How Does the New Law Work in NY?

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