All news – Page 29
-
ArticleMedian monthly pay for February up 5.5% year-on-year
Median monthly pay for February 2024 increased by 5.5% compared to the same period last year, to an estimated at £2,331, according to data from the Office for National Statistics (ONS).Its labour market figures published on 12 March revealed that regular pay growth fell to 6.1% year-on-year in the three ...
-
ArticleCentrica reports 2% mean ethnicity pay gap
Energy supplier Centrica has reported a 2% mean ethnicity pay gap for 2023, down from 3% in 2022.The organisation’s median ethnicity pay gap for 2023 was 11%, down from 12% the previous year. Meanwhile, its mean ethnicity bonus pay gap was 4%, up from 0 the year before, and its ...
-
ArticleAldi increases pay for store assistants and deputy store managers
Supermarket chain Aldi is to increase hourly pay for store assistants and deputy store managers from 1 June.The organisation, which has more than 1,000 stores, 11 regional distribution centres and 45,000 employees across Britain, will increase its national minimum pay rate from £12 per hour to £12.40 outside the M25, ...
-
ArticleNetflix UK, Writers’ Guild of Great Britain and Personal Managers’ Association agree pay deal
Credit: Elliott Cowand Jr / Shutterstock.comNetflix UK, Writers’ Guild of Great Britain (WGGB) and Personal Managers’ Association (PMA) have signed a new deal on remuneration for UK writers.The deal, which will apply to UK writers on Netflix scripted live-action commissioned series and is backdated to 1 February, is the first ...
-
ArticleBAE Systems reports 7.7% mean gender pay gap for 2023
Arms, security and aerospace firm BAE Systems has reported a 7.7% mean gender pay gap for 2023, down from 8.6% in 2022.BAE Systems’ median gender pay gap was 8.7%, down from 8.3% the previous year. Both figures are lower than the organisation’s first reported ones in 2017, at 11.2% and ...
-
ArticleBank of England gives employees 4% pay rise
The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market.The deal, which was intended to match inflation, was accepted by the trade union ...
-
ArticleSeatfrog, Sessions and Venuescanner implement financial wellbeing support
Train tech firm Seatfrog, food brand startup Sessions and event tech startup Venuescanner have introduced new financial wellbeing support for their employees?to support them with cost-of-living pressures.Through a partnership with AI money-saving tool Nous, employees at the three firms can access an automated service that finds fair deals for energy, ...
-
ArticleRNIB names Sean Mileusnic as new chief people officer
Royal National Institute of Blind People (RNIB) has appointed Sean Mileusnic as its new chief people officer.In his new role, Mileusnic will lead the charity’s people function and focus on developing high-performing teams and a collaborative culture, while nurturing talent from within the organisation and attracting external talent. He will ...
-
ArticleCadent reports 7.89% mean gender pay gap for 2023
Gas distribution network Cadent has reported a 7.89% mean gender pay gap for 2023, down from 9.51% in 2022.The organisation, which has more than 6,000 employees, also reported a 16.58% median gender pay gap, a 38.56% mean gender bonus gap and a 58.76% median gender bonus gap. In 2023, 89.79% ...
-
ArticleLewis Silkin enhances parental leave
Law firm Lewis Silkin has enhanced its parental leave policy in order to offer equitable support for new parents.The policy, which comes into effect for employees with one year of service, whose children are due to be born or adopted from 1 April, will enable all new parents, regardless of ...
-
ArticleHSBC implements fertility benefits for more than 3,000 UAE employees
Banking organisation HSBC has introduced fertility benefits for more than 3,000 employees in the United Arab Emirates (UAE).As part of the bank’s medical insurance coverage, female employees are now able to access fertility treatments including in vitro fertilisation (IVF) and intrauterine insemination (IUI), and both men and women can take ...
-
ArticleThe top 10 most-read articles between 1 - 7 March 2024
The top 10 most-read articles on employeebenefits.co.uk between 1 - 7 March 2024 were: Asda to raise pay for 120,000 hourly-paid store employeesCurrys increases salary for 10,000 staff and boosts minimum pay ratesTesco to increase pay above the real living wageStay up to date with the Spring Budget 2024Surrey County ...
-
ArticleVictoria and Albert Museum looks for David Bowie enthusiasts
Credit: Arthur D'Amario III / Shutterstock.comSomething for the weekend: The Victoria and Albert Museum (V and A) has begun its search for two cataloguers to help with the David Bowie Archive, which it is in the process of acquiring. If you’re good under pressure and with changes, then this could ...
-
ArticleGreggs to share £17.6 million bonus among staff
Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit.In a webcast detailing the business’ latest results, chief executive Roisin Currie explained that Greggs will continue to share 10% of its profits with team members with at least six ...
-
Article888 William Hill rolls out global wellbeing support for employees
Gaming and betting firm 888 William Hill has introduced wellbeing support for its 11,000 employees globally.Through the scheme, which is provided by Wellness Cloud, 888 William Hill employees will be able to access the Wellness Cloud hub, which includes more than 100 live talks and events each year on a ...
-
ArticleJohn Lewis Partnership and Co-op to increase pay
John Lewis Partnership and the Co-op are to increase their minimum pay rates for 2024.The Co-op has reaffirmed its commitment to paying the real living wage as recommended by the Living Wage Foundation, increasing its minimum hourly wage from £10.90 to £12, or from £12.25 to £13.15 in London. Team ...
-
ArticleHow will the Spring Budget 2024 affect pay, pensions and employee benefits?
Image credit: photocosmos1 / Shutterstock.comChancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. Below is a summary of the key announcements that could affect employers' pay, pensions and benefits strategies:Spring Budget 2024: National insurance contribution (NIC) rate cut ...
-
ArticleLloyds Banking Group appoints new director of diversity, equity and inclusion
Lloyds Banking Group has named Rachel Osikoya director of diversity, equity and inclusion (DE&I).With more than 20 years' experience in culture, diversity and inclusion, Osikoya will be responsible for driving the group’s strategic DE&I agenda and will build a multi-year plan to further embed DE&I for employees, customers and communities. ...
-
ArticleSpring Budget 2024: TPR and FCA given powers to enforce Value for Money framework
Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework.Chancellor of the Exchequer, Jeremy Hunt, announced the plans in order to address pension schemes that are “persistently ...
-
ArticleSpring Budget 2024: Government maintains fuel duty freeze for 12 months
Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living.The measure, which was announced in the Spring Budget, will save the average car driver £50 in 2024-25 through the extension of the ...