Sodexo Engage

NOVEMBER 19, 2024

Salary Sacrifice mariana.nunes Tue, 11/19/2024 - 22:01 Salary Sacrifice and Your Business Cost-Savings Strategy The Autumn Budget and recent changes to the Employee Rights Bill 2024 reflect the changing landscape, putting more power in the hands of the employee. What does salary sacrifice mean? Our team will contact you.

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Business Management Daily

JANUARY 6, 2022

That means it’s a great time to start thinking about pay raises. Pay raises are particularly important going into 2022 as turnover rates continue to soar. Employees that feel undervalued or underpaid will not stick around long, so do your best to provide annual salary raises. How to determine pay raises.

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Employee Benefits

MAY 29, 2023

Depending on those on offer, benefits can be just as valuable as a pay rise , and in some cases, even more valuable. It is quite natural for us to focus on salary. One of the most significant advantages of this type of employee benefit is that they are often tax-free. After all, we all need to make a living.

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HR Digest

OCTOBER 5, 2020

The hope of getting a pay raise with promotion is a less-attractive proposition these days. As the coronavirus outbreak spreads, many workers’ will find themselves getting a promotion without a raise than a salary increase with no promotion. There are a handful of reasons why employers give promotions without raises.

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Employee Benefits

JULY 25, 2023

You can aid your employees and business in saving considerable amounts: If you neglect to periodically review your pension, your company might be losing money that could be allocated towards pay raises or bonuses. Defined benefit pensions guarantee a specific retirement income based on factors like salary and length of service.

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Employee Benefits

JULY 17, 2023

It is often equated with providing higher wages or across-the-board pay raises. Encourage salary sacrifice Salary sacrifice can help employees retain more of their earnings. This tax-friendly incentive should not be overlooked. Several other ways can offer support or guidance in this aspect of life.

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Vantage Circle

AUGUST 23, 2018

These are benefits given over and above salaries and wages. Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance.

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