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They’ve always wanted better income, improved working conditions, job flexibility, better benefits, and a better work-life balance. The work-from-home option is a new must-have. . Many hourly workers toiled long hours and endured health risks for low take-homepay. Offer a better income
This, for example, means an individual earning £30,000, with a net takehomepay of £23,112, will see this take-home figure decrease by £255. . It is crucial to build healthy financial habits that will help minimise the impact once the NI hike takes place this year. Hunt down lost pension pots.
Workingfromhome so much over the last two years has made this more and more relevant.”. Software can allow employees to model the impact on their take-homepay of opting into certain benefits, for example, or changing their pension contribution.
Top valued benefits The Covid-19 pandemic saw many organisations move to workingfromhome or other flexible work models, transforming perceptions of where, when and how work should be performed. But what does this mean in today’s labour market?
Tax codes can, and do, change, particularly if there’s been a change of personal circumstances, such as people getting married, claiming taxable state benefits, or workingfromhome. This means people can earn £12,500 tax-free, and only start paying tax on income over that amount.
Top valued benefits The Covid-19 pandemic saw many businesses move to workfromhome or other flexible models, transforming perceptions of where, when and how work should be performed. Where before there were clearer lines between work and home life, work-life integration became a primary focus to avoid burnout.
Show off the total package: While it might not pop up in that initial salary conversation, in subsequent conversations regarding salary, you’ll actually want to steer the focus to your total compensation package, especially if you’re coming in lower than expected for your base pay.
Every payslip must show an employee’s total or gross pay, their net or take-homepay, any deductions or payments, and list any variable hours that have been worked. And, if they don’t fully understand exactly what they are looking for, then they should speak to their line manager in the first instance.
Let employees workfromhome wherever possible. Raises, bonuses, and cost of living adjustments aren’t just good business sense—they help employees feel valued at work. If your employees have to cover their own healthcare, that cuts into their take-homepay, leaving the door open for other job opportunities.
Plus, Cash Plans usually come with additional perks such as Virtual GPs, wellness apps, and counselling services which can offer much-needed support, getting employees on their feet and back to work faster. Flexible Working Arrangements Flexible working is a great way to boost employee satisfaction while providing value for money.
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