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How leap years affect pay and benefits

HR Brew

But what does that mean for pay and benefits? As February 29 approaches, a quick primer for HR pros on how payroll and benefits are affected during 366-day years: Workers paid on a weekly or hourly basis may see slightly higher pay. Pay calculations may affect wage compliance.

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Why HR should pay attention to these 3 benefits

HR Brew

Better benefits or buh-bye. That’s the mindset of the 53% of employees surveyed for the 2023–2024 Aflac WorkForces Report who said they would likely take a lower paying job for a more robust benefits package. With all that in mind, Kenslow expects to see lifestyle spending accounts gain traction as an employee benefit. “It

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Bolstered by new tech, is on-demand pay now a ‘table stakes’ benefit?

HRExecutive

To support the financial wellness of their workforce, employers are increasingly turning to earned wage access tools—also known as on-demand pay—that allow employees to claim their income before payday. Advertisement - This benefit is changing with the times, bolstered by new tech and employee expectations. over the past year.

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On-Demand Pay: Benefits, Challenges, And How It Works

HR Tech Girl

On-demand pay is a much appreciated perk that affords workers greater financial flexibility. User this guide to help you decide whether on-demand pay is right for your organization. The post On-Demand Pay: Benefits, Challenges, And How It Works appeared first on People Managing People.

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10 Ways to Keep Your Hourly Employees

Did you know that if your employees are engaged by a leader they trust, it can take a pay raise of more than 20% to poach them, according to a recent Gallup poll? Not only is great leadership important, but upward movement, flexibility, and benefits like earned wage access can make all the difference.

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The Case for Advance Pay as a Strategic Benefit

Tandem HR

One innovative solution is the benefit of advance pay. Advance pay, also referred to as earned wage access or on-demand pay, is revolutionizing payroll as we know it. With on-demand pay, employees can access a percentage of the wages they’ve already earned whenever they want.

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It’s broke, let’s fix it: Transforming pay and benefits through systemic rewards

HR Zone

A new study highlights that the pay and benefits model is broken. Corporate pay practices have not caught up with the new world of work. Kathi Enderes at The Josh Bersin Company sets out a new approach.

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Small Market Buyer's Guide

Routine administrative tasks – paying people, maintaining compliance, administering benefits – are vital to your business, but without the right technology and expertise, you’ll have no time to plan strategically or drive growth.

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7 Ways to Manage a Talent Shortage

Become a company known for benefits. Become a company known for pay equity. These are 7 actions you can take to help ensure your business lands the best of the best: Build an employment brand from the bottom up. Optimize your recruiting efforts from the top down. Become a company known for learning & training.

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On-Demand Pay: The Must-Have Benefit to Recruit Hourly Employees

On-demand pay is vital for many employers. With 60% of Americans currently living paycheck to paycheck, an on-demand pay solution provides financial security and peace of mind for employees. Learn about on-demand pay and why it's a must for businesses.

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What Hourly Workers Want More Than Money

If your employees are engaged by a leader they trust, it can take a pay raise of more than 20% to poach them (Gallup). Here are the other 7 things you can do to hire and retain when you can’t afford to pay top dollar: Early Access To Pay. Flexible, Predictable Schedules. Paid Time Off & Leave. Equity & Inclusion.

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How Can You Aggressively Manage Benefits Affordability?

Speaker: Alex Anderson - Total Rewards Strategist at Lockton Companies | Leo Tokar - President, People Solutions and Partner at Lockton Companies

Benefit cost increases regularly eclipse all other costs for organizations, yet bringing costs down is illusive. Now corporate priorities are swinging from solely a focus on talent to the need to actively manage benefit expenses, but no one wants to reduce benefits or ask employees to pay more.

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The State of the Hourly Worker: How to Attract & Retain Employees

Contrary to popular belief that pay or benefits are most important to workers, work-life balance continues to outrank most other drivers of job satisfaction; 75% say it’s necessary. Organizations that want to be employers of choice must understand the mindset of their workers and prioritize job satisfaction.

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How Automation Advances the Talent Pipeline from Beginning to End

Speaker: Jeff Mills, Solutions Marketing Director, SAP

Automation has been the signature benefit of adopting technology since the industrial revolution, but by blending automation into your recruitment efforts, you can deliver a personalized candidate experience during one of the most meaningful moments that an individual will have with your organization.