article thumbnail

Crafting Joy for Workers, Hobby Lobby Announces a Wage Hike

HR Digest

Bureau of Labor Statistics shows the national median for retail workers to be around $16.19 This makes Hobby Lobby’s 2024 pay hike a whole 19% higher than the national median wage for retail workers. “A pillar of our success is taking care of our employees,” Hobby Lobby founder and CEO, David Green explained in the company post.

401(k) 96
article thumbnail

Understanding employee turnover rates

Achievers

Here are a few turnover rates for key industries: Financial institutions: The Economic Times reveals that employee attrition within the financial services segment was at 25% while life insurance had the highest attrition rate at 47%. This is likely due to factors such as low wages, seasonal work, and inconsistent schedules.

Retail 172
Insiders

Sign Up for our Newsletter

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

article thumbnail

Make the Most of Free Money

Money Talk

Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g.,

article thumbnail

Are Extended Warranties Worth the Cost? It Depends

Money Talk

Like term life insurance, it is a form of insurance for “big ticket" purchases. Many consumer advocates say no because they are a great profit center for retailers. An extended warranty (a.k.a., service contract or protection plan) is purchased separately from the purchased item that it is for.

IT 135
article thumbnail

We’re Making It More Convenient than Ever to Get Vaccines

Employer Connection

1, 2023, seasonal and non-seasonal vaccines* received through the CVS Caremark retail pharmacy network will be paid in full at the pharmacy counter by the member’s employer-sponsored health benefits plan. Trustmark® and Trustmark Small Business Benefits® are trademarks of Trustmark Insurance Company. Effective Jan.

Retail 75
article thumbnail

Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

Employee benefits that will be accessible through the framework include an online benefits platform, a bikes-for-work scheme, a green car scheme, a home technology and smartphone scheme, a childcare voucher scheme, pensions savings, pet and eldercare insurances, and a retail and leisure discount scheme.

article thumbnail

Pitchup launches bikes-for-work scheme for staff

Employee Benefits

The scheme allows staff to apply for a flexi-voucher which can be used to buy a bike or cycling equipment from different retailers over the course of a year, without having to purchase everything at once.