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Lessons Learned from the Last Recession: Don’t Cut Management Training (For Long)

Achievers

Management training and development. Most will admit that at some point, they cut management training and development for their supervisors at nearly all levels and then promoted people into those positions without giving them the tools to be successful. Good managers who get promoted will figure it out.”.

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Lego ties salaried employees’ bonus payments to annual emissions

Employee Benefits

Lego is to tie a portion of its salaried employees’ bonus payments to annual emissions from this year. That’s why, from this year, a percentage of our performance management programme for salaried employee bonuses will be tied to annual emissions.

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Trending Sources

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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.

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Exclusive: 62% of staff incentivised by benefits through salary sacrifice scheme

Employee Benefits

Almost two-thirds (62%) of employees who plan to get an electric vehicle (EV) as their next car said a key incentive is the benefits available through a salary sacrifice scheme, according to new research by Tusker. The salary sacrifice car provider surveyed 5,942 UK employees for its Tusker EV driver survey 2024.

Salary 101
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How to Execute a Strategic and Efficient Compensation Cycle: Plan

Update your salary bands and run a compensation analysis. Train managers and stakeholders. Download this free eBook now to make your next annual salary review process the best one yet. This free eBook will show you how to: Run a compensation cycle post-mortem and update your timeline. Build your approver chain. Set your budget.

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Final Overtime Rules Raise Exempt Salary Threshold 65%

InterWest Insurance Services

Department of Labor has issued a final rule increasing the federal salary threshold for overtime exemptions by 65%, with the full increase starting in 2025. A salaried bona fide executive, administrative or professional employee must earn that amount or more if an employer wants to exempt them from federal overtime requirements.

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What financial wellbeing support should be offered around salary advance schemes?

Employee Benefits

It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved. One initiative that is seeing a surge in popularity is the salary advance scheme, also known as earned wage access.

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