Employee Benefits

SEPTEMBER 10, 2024

What is salary sacrifice, and how can it help save money for both employers and employees? Terms like salary sacrifice, salary deduction, NET, and Gross can often confuse HR professionals and employees.

Salary 98

Salary Deductions Deductible Employee Benefits 98

Employee Benefits

MAY 24, 2024

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.

Bonuses 105

Bonuses Salary Retail Employee Benefits 105

PayrollOrg

APRIL 24, 2024

Department of Labor (DOL) announced a final rule to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions. On April 23, the U.S.

Salary 104

Salary 104

PayrollOrg

MAY 20, 2024

The minimum salary level for the Fair Labor Standards Act (FLSA) “white collar” exemptions will increase in two steps, beginning July 1. This will have an impact on state white collar exemption thresholds.

Salary 104

Salary 104

Employee Benefits

JULY 15, 2024

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.

Salary 105

Salary Bonuses Workplace Flexibility Payroll 105

Employee Benefits

JANUARY 19, 2024

One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. While more than half (58%) were confident they will recruit the people they need this quarter, 30% admitted meeting salary expectations will be a challenge.

Bonuses 105

Bonuses Salary Employment Recruitment 105

InterWest Insurance Services

MAY 21, 2024

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.

Overtime 94

Overtime Salary Payroll System Benefits Package 94

Employee Benefits

OCTOBER 3, 2023

Credit: MOZCO Mateusz Szymanski / Shutterstock.com Banking organisation Standard Chartered has introduced an electric and plug-in hybrid vehicle salary sacrifice scheme for all of its UK-based employees. The post Standard Chartered launches electric and hybrid vehicle salary sacrifice scheme appeared first on Employee Benefits.

Salary 105

Salary Banking Paid Leave Transportation 105

BerniePortal

NOVEMBER 19, 2024

On November 15, 2024, the Federal District Court for the Eastern District of Texas invalidated the 2024 Department of Labor (DOL) rule that would have raised the salary threshold for executive, administrative, and professional employees to qualify for exempt status starting July 1, 2024.

Salary 97

Salary 97

Wellable

NOVEMBER 28, 2023

93% of workers value well-being as much as salary. The post Study: 93% Of Workers Value Well-Being As Much As Salary appeared first on Wellable. Organizations must rethink what drives job satisfaction to attract and retain top talent.

Salary 105

Salary 105

PayrollOrg

DECEMBER 1, 2023

The biennial survey, the 2023 Payroll Industry Report: Results of PayrollOrg’s Survey of Salaries & the Payroll Profession, is a comprehensive overview of the payroll function, providing a wealth of useful statistics and discernible trends, published as a convenient eBook.

Salary 104

Salary Payroll 104

Employee Benefits

DECEMBER 7, 2023

Nearly half (46%) of employees said that working for an ethical employer is more important to them than a higher salary , according to new research by PR agency Unhooked Communications. Businesses might struggle to compete on salaries, so it’s reassuring to see that employees also value non-financial qualities in their employer.

Salary 105

Salary Employment Government Media 105

Employee Benefit News

MARCH 22, 2024

Job search platform FlexJobs recently released a list of companies that are making it a point to prioritize transparency.

Salary 115

Salary Employee Retention IT Recruitment 115

Ahmed's Universe

NOVEMBER 11, 2021

However, one can safely adopt the following rules of thumb: Gross versus net : Compensation, and therefore your new HR system, should definitely hold your gross salary and similar items (such as allowances), whereas the net amount will be held by your local payroll. There may be as many answers as there are unique circumstances.

Payroll 370

Payroll Payroll System Salary Employee Compensation 370

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.

Salary 52

Salary Retail Gross Pay Hospitality 52

Employee Benefit News

JUNE 27, 2024

Executives from various industries talk about taking career risks and the importance of knowing your worth.

Salary 110

Salary Management 110

HR Digest

OCTOBER 31, 2024

Need a few salary negotiation tips to ensure the pay at your next job aligns with your best interests? We’re going to break down some salary negotiation strategies so you don’t find yourself both overworked and underpaid despite all the experience you have in your field. Salary Negotiation Guide—How to Ask For Better Pay?

Salary 52

Salary Employment Recruitment IT 52

Employee Benefit News

NOVEMBER 20, 2023

Flexjobs surveyed over 8,000 workers about how they feel about return-to-office mandates, and the results are in.

Salary 131

Salary Management 131

Achievers

JANUARY 26, 2021

When Gallup investigated the factors that make someone decide to quit their job, they found that salary is important — but only up to a point. A report from the Center for American Progress found that employee turnover can cost organizations up to 213 percent of the lost employee’s salary. .

Salary 314

Salary Employee Recognition Software Recruitment 314

Employee Benefit News

SEPTEMBER 11, 2024

According to Dayforce, a significant portion of workers don't earn a living wage, especially women and people of color.

Salary 94

Salary Employee Retention 94

Money Talk

FEBRUARY 1, 2024

Many people think you need to earn a high salary (e.g., One reason is that average salaries rise with higher levels of education. 100,000+) to become a millionaire. In reality, many people of ordinary means (i.e., In addition, people tend to marry spouses with similar characteristics.

401(k) 188

401(k) Finance Pension Commissions 188

Money Talk

DECEMBER 8, 2021

If you are fortunate enough to earn a good salary or to have been able to build wealth over time, consider protecting your hard-earned money with umbrella insurance. One large personal injury claim can put years of accumulated savings for retirement and/or decades of future earnings at risk.

Insurance 276

Insurance IT Medical Salary 276

Money Talk

APRIL 20, 2023

eggs and meat), agritourism income, a salary earned through continued work for an adult child or other new farm owner, and income from non-farm related work. Investment Income - This includes income derived from various investments, including land, and includes interest, dividends, capital gains, and payments for mineral rights.

401(k) 246

401(k) Pension Retirement Plan Taxes 246

PayrollOrg

AUGUST 31, 2023

Department of Labor (DOL) announced it intends to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions from $684 to $1,059 per week. On August 30, the U.S.

Salary 151

Salary IT 151

PayrollOrg

SEPTEMBER 15, 2023

Department of Labor (DOL) announced it had opened the comment period on its proposal to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions. On September 8, the U.S.

Salary 151

Salary IT 151

Money Talk

NOVEMBER 30, 2022

For example, a salary or steady self-employment earnings, rental properties, investment returns, and/or a “side hustle” (freelancing). Of course, investing for long-term goals should, ideally, have been occurring without interruption during the pandemic. Build Financial Resilience - Multiple sources of income can help.

Finance 273

Finance Retirement Plan Government Salary 273

Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours.

Benefits Package 118

Benefits Package Salary Pension Health Insurance 118

Achievers

JANUARY 19, 2021

According to Gallup , 51 percent of employees are considering a new job – which means that they’re not fully engaged in their current position; and as reported by the Center for American Progress , once an employee leaves, it can cost a company anywhere between 16 percent to 213 percent of that lost employee’s salary.

Employee Recognition 322

Employee Recognition Salary Management Employment 322

HR Digest

OCTOBER 5, 2024

Gen Z Workers Prioritize Work Satisfaction over Their Salary A study by Unstop revealed that 72% of Gen Z employees would choose job satisfaction over a good salary. Planning out employee benefits is key here.

Salary 110

Salary Work From Home Employment Employee Benefits 110

Employee Benefit News

JULY 24, 2024

According to Resume Builder, nearly a third of workers would take lower salaries to avoid being laid off.

Salary 125

Salary 125

Achievers

DECEMBER 16, 2019

For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. Today, unemployment rates are at a historic low, so many workers now have the freedom to choose where they want to work. And in many cases, it’s benefits offerings that seal the deal.

Employee Benefits 286

Employee Benefits 401(k) PTO Benefits Package 286

Employee Benefit News

JANUARY 30, 2024

The job search platform measured opportunity, flexibility and salary to find some of the best options available to the workforce.

Salary 122

Salary Recruitment Management 122

Employee Benefits

FEBRUARY 29, 2024

When it comes to financial resilience, your financial wellbeing strategy needs to incorporate more than salary-stretching solutions. Salary advancement can prevent employees from going into debt! Employers should avoid allowing employees to use salary advancement regularly. Knowledge is power… share it!

IT 111

IT Salary Deductions Deductible 111

HR Lineup

DECEMBER 9, 2024

Traditional recruitment models, often based on a percentage of the new hires salary, can significantly inflate hiring costs. Flat fee structure recruitment is a hiring model where a fixed fee is charged for recruitment services, regardless of the candidates salary or position level.

Recruitment 86

Recruitment Salary Retail Engineering 86

Workplace Insight

JANUARY 16, 2024

Lone Rangers (14 percent) are focused on salary and location. They are motivated by high salaries and the opportunity to work remotely. Salary-driven Weekend Workers (13 percent) are motivated by the salary range on offer and show a willingness to work long hours including weekends to achieve a high salary.

Employment 113

Employment Salary Transportation Manufacturing 113