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Ontario Minimum Wage Increase Announced: The HR Perspective

HR Digest

While the margin of increase in the new wage rates in Ontario is minimal, when calculated over a period of time, it should make a difference to the take-home pay for workers. Those who earn minimum wage and work 40 hours a week will see their annual pay increase by up to $835 shortly. in the province.

Retail 52
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Cost of living forcing people to seek out sources of extra income

Workplace Insight

A new Qualtrics study claims that 77 percent of workers say it’s harder to pay for their living expenses than it was a year ago. In the UK, inflation recently rose above 10 percent for the second time this year amid soaring food prices.

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Nudge, nudge, hint, hint: how nudge theory can influence employees’ decisions

cipHR

One example used is how food is presented in school cafeterias: consumption of some items has been found to increase or decrease depending on where they are placed. Now let’s go back to food – specifically, the food on offer in the workplace. So how can nudge theory help you, your employees and your business?

Pension 72
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What does it mean to be an employer of choice in today’s labour market?

Employee Benefits

“Benefits that can greatly reduce financial burdens and improve financial wellbeing, such as cashback schemes and greater access to financial resources to help budget, can be helpful to stretch take-home pay as much as possible,” she says.

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Meal Cards Decoded: A Step-by-Step Guide for Implementing and Utilizing Employee Meal Benefits

Empuls

Meal cards, also known as food or lunch cards, are prepaid cards or vouchers issued to employees by their employers to cover the cost of meals. These cards are a convenient payment method, allowing employees to purchase food from affiliated restaurants, cafes, or canteens. What are meal cards? Here are some of them: 1.

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Fiscal drag: how can employers offset the challenges of a difficult economy?

Employee Benefits

Impact of financial pressures In the aftermath of the pandemic, employees’ earnings have been squeezed following soaring energy, food and housing costs. Although some employers have been able to increase wages, the frozen tax thresholds could see some workers pay more tax and have less disposable income.

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How businesses can support employee wellbeing over a difficult festive period

Workplace Insight

For those employed parents in the UK, the costs for nursery and afterschool childminders are in some cases taking up more than two-thirds of their weekly take-home pay. Take action. BITC’s recently launched Cost of Living Action Plan to help businesses respond to the cost-of-living crisis.