article thumbnail

What to do when you can’t afford to raise salaries

Employee Benefits

Financial pressures have impacted both individuals and businesses over the past year as we all try to cope with rising prices – from energy to food to fuel. Almost one in five (19%) workers say they plan to leave their current job for one offering a higher salary if the cost of living crisis continues or gets worse.

Salary 98
article thumbnail

Faculty Salaries Fell By Nearly 5% As Inflation Eats Into Living Costs

HR Digest

According to the American Association of University Professors (AAUP), faculty salaries fell by nearly 5% in 2021-22 when wages were adjusted for inflation. The AAUP report highlighted the fact that faculty salaries fell by nearly 5% in 2021-22, as inflation soars to record highs. That’s the market comparison to make.”

Salary 95
Insiders

Sign Up for our Newsletter

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

article thumbnail

Employees named David and Sarah more likely to earn higher salaries

Employee Benefits

It looked at job titles most frequently advertised with a starting salary of more than £100,000, the average salary for the top 10 job titles according to Indeed, and the most popular men’s and women’s names in the UK to find the five most common names for each gender.

Salary 82
article thumbnail

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. Free food or drinks. Today, unemployment rates are at a historic low, so many workers now have the freedom to choose where they want to work. And in many cases, it’s benefits offerings that seal the deal. Vision coverage.

article thumbnail

Exclusive: Central Co-op introduces electric vehicle salary sacrifice scheme

Employee Benefits

Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability. The post Exclusive: Central Co-op introduces electric vehicle salary sacrifice scheme appeared first on Employee Benefits.

Salary 64
article thumbnail

Compass Group rolls out salary advance scheme for employees

Employee Benefits

Contract caterer Compass Group has launched a salary advance scheme for its 50,000 British and Irish staff, to help in the face of financial hardship and a worsening cost-of-living crisis. The advance option gives monthly salaried employees the ability to withdraw up to 50% of their earned pay before payday.

Salary 59
article thumbnail

Michelin guarantees global living wage and enhances parental and healthcare benefits

Employee Benefits

As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin received the global living wage employer certification from the Fair Wage Network.