Remove Employment Remove Salary Remove Workplace Flexibility
article thumbnail

49% of UK organisations’ 2024 salary budgets were lower than the previous year

Employee Benefits

Half (49%) of UK organisations reported that their 2024 salary budgets were lower than the previous year, according to global advisory, broking and solutions firm Willis Towers Watson (WTW). Its Salary budget planning report was compiled by its Rewards Data Intelligence practice.

Salary 105
article thumbnail

Redefining employee experience: What’s changed and why it matters

Insperity

Workplace flexibility A decade ago, flexible work arrangements were a perk offered by forward-thinking companies. The rise of burnout and stress challenges in the workplace has elevated wellbeing to the forefront of employee experience. Now, they’re becoming the norm.

IT 87
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crucial HR KPIs to measure in today’s workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000.

Health 87
article thumbnail

48% of employers have invested in benefits due to economic climate change

Employee Benefits

Nearly half (48%) of employers have boosted investment in their benefits package over the last 12 months in response to economic climate changes, according to research by benefits provider Zest. Salary (46%) was the next largest factor, followed by demands for better employee benefits packages (43%).

article thumbnail

Top Strategies to Reduce Employee Turnover in 2024

HR Lineup

In this article, we delve into the top strategies for reducing employee turnover in 2024, offering insights and actionable steps for employers to enhance retention efforts. Offer Competitive Compensation: Benchmark salaries against industry standards and adjust compensation packages accordingly to attract and retain top talent.

article thumbnail

UK salary budgets expected to decline in 2024

Employee Benefits

Salary budgets for UK employees are expected to decline in 2024 after peaking this year, according to research by Willis Towers Watson. The global advisory, broking and solutions firm’s latest Salary budget planning survey found that UK employers are budgeting an average increase of 4.4% This is lower than the average 5.1%

Salary 69
article thumbnail

4 Top Benefits Trends for 2022

Best Money Moves

Employers need to take notice. Sixty-five percent of employees are stressed about their finances due to the pandemic, according to a the 2022 Trends in Benefits report, costing the employers around the country a total of $4.7 Employers are trying to combat this in 2022 by shifting to personalized benefits.