Sequoia’s Post

It's rem review season for many employers and according to our latest Employee Sentiment Index, salary expectations among employees are high. In Q2, we saw the highest number of employees in Australia expecting a salary raise in the next 12 months. So what else did we find out? 🔸 Men are more likely to anticipate a pay increase - two thirds of men (65%) compared to just over half (53%) of women. 🔸 Employees are feeling fairly optimistic - 65% of workers in Australia say they're paid fairly for their work. 🔸 A similar number (67%) said they're recognised for their contributions at work. Click the link to download the full report ➡ https://lnkd.in/gaiePakg ELMO Software #WorkforceData #EmployeeSentimentIndex

It’s almost time for the next edition of the Debrief, the place to go for exclusive interviews with our founders, as they speak their minds on everything global employment 🌏 In our latest blog, we’re zeroing in on why global employment’s ability to increase the talent pool and access productivity-boosting workers is becoming existential—for companies and countries alike. Here’s a sneak peak of the kind of insights you can expect: “People are a resource, but particularly the number of people who are productive assets and directly contribute to the wealth of the country. Governments, therefore, have a powerful mandate to ensure that people are either employed—to produce more tax income for the country—or on an entrepreneurial journey and creating jobs for others.” Our question for you is this: which one of our founders said it? 🤔 ➡️ Amritpal ➡️ Sagar ➡️ Vamsi Have a guess in the comments and we’ll reveal who’s behind the quote later this week! #EmployerOfRecord #Payroll #HRTech #GlobalEmployment

How's your negotiating? 😎 More than 4 out of 5 businesses are planning to raise employee wages this year as the #costofliving continues to rise. In a survey of 546 UK businesses, conducted at the end of last year, our in-house research uncovered that 82% of companies plan to raise employee wages in the next 12 months. Many companies are waking up to the financial pressures on workers PLUS fierce competition in today's labour market. 71% of firms feel confident they can meet employee pay expectations. If you suspect a #payrise may be on the horizon for you this year - but get the wobbles when it comes to money talk - don't sweat. 😅 Here's a practical guide to tabling the motion for a #wagerise in 2024. Armed with hard facts and clear data, we’ll explain how to land the raise you deserve (and how much to ask for!) See the full guide on our website for more info: https://lnkd.in/eb_inX-K

With wages stabilizing, attracting top talent is no longer only about compensation; there is an increased focus on benefits. A recent survey shows that workers seek benefits tailored to their needs and adjusted for the increasing cost of living. Review your benefits packages and ensure they meet the mark. How competitive is your benefits package? #Recruitment #TalentAcquisition #Benefits https://lnkd.in/gt9GWxjQ

Here's the average pay raise employees can expect in 2024

Growth in Total Compensation Cost Slows for Employers: Employers spent more on employees’ overall compensation from March to June this year, according to figures released September 12, but the pace at which they are hiking total compensation is slowing. #HRTech #SHRM #BigData

Today more than ever, it’s important to stay on the cutting edge. Increased flexibility and efficiency is a crucial component of this. As companies navigate fluctuating demands, evolving projects, and seasonal labor, making it as easy as possible to get the top talent to help meet your goals is critical. This is where payroll services can help. Learn more on the Beyond TalentEdge blog: https://lnkd.in/gZpubPCg

The Rise Of Instant Payroll and Early-Access Compensation. A majority of working Americans wanted their employers to give them access to wages each day. We found that more than half of those with EWA--early wage access- said they had used it. The data show that almost all — 96% to be exact — of corporates that offer earned wage access say the product helps attract new talent, and 75% of millennials say it would influence their acceptance of a job offer. This last point is critical, as jockeying for younger employees remains intense and loyalty means that companies need to worry less about churn and re-filling/retraining talent. As many as a quarter of companies have said they have lost employees due to delayed payroll. EWA services have been gaining popularity due to their ability to provide employees with access to their earned wages before the traditional payday. Many financial institutions, fintech startups, and HR solutions providers offer EWA services or similar products. #instantpayroll #earlyaccesscompensation #earnedwageaccess #financialfreedom #workplacebenefits #talentattraction #millennialjobs #jobloyalty Image by alexandermils from unsplash

Have questions about payroll in India? This article is for you:

In boom times it’s hard to hire specialists fast enough to keep from falling behind, and in bust times high fixed payroll costs can curtail investments for growth. Learn more about HGS Experts on Demand.