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Boeing Labor Deal Promises 25% Pay Raise over the Next 4 Years

HR Digest

According to Boeing’s labor deal, union employees can expect 25% raises over the next four years, $3,000 USD lump sum payments, and lower healthcare cost shares as well. According to CBS News , the union had initially asked for a 40% pay raise but the current agreement of 25% has been deemed satisfactory.

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How inflation affects pay raises

Business Management Daily

Everything from healthcare to housing surged to become more expensive than ever—gas prices, for example, rose as much as 75%—leaving purchasing power stretched further and further by the month. Instead, take the road less traveled by funding your compensation budgets and giving workers the pay they deserve. How is that even possible?

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12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

The healthcare sector, a critical pillar of every society, faces unique challenges, especially when it comes to retaining skilled professionals. The current deficit in healthcare personnel is alarming, necessitating a significant boost in staff numbers to meet the care needs of patients. was about 15.9%

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Employee Discount Platform: A Simplified Guide with Best Practices

Empuls

   Additionally, a Glassdoor survey revealed that 79% of employees would choose new or additional benefits over a pay raise. This discount encourages a healthy lifestyle and can lead to reduced healthcare costs for employers over time. 

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Support Your Employees’ Financial Health

eni

Individuals, regardless of age, may be facing financial burdens ranging from large healthcare bills or credit card debt, to a lack of experience with budgeting and financial planning. Therefore, other efforts to minimize financial stressors may simply include 401K matching and transparency around pay raises and bonuses.

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How to tackle wage growth and remain competitive in a tough market

Insperity

Whether you realize it or not, if you’re hiring employees or giving out pay raises, your company already has a compensation philosophy. Because it: Serves as the foundation and principles for how your company pays its people. Implement variable pay programs instead of base pay increases. But all is not lost.

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Top 3 Hiring Trends for 2020

Best Money Moves

Employers are ready to pay up to combat the skills shortage in the new year. . More than 80 percent of employers are ready to offer higher salaries for sought-after candidates and give pay raises to ensure their current staff is happy, according to the third-annual hiring trends report by Hays, a global recruitment firm. . “It’s