All news – Page 30
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ArticleSpring Budget 2024: National insurance contribution (NIC) rate cut to 8%
Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April.In his Spring Budget, Jeremy Hunt, Chancellor of the Exchequer, said that this will save the average worker on a salary of £35,400 around £900 a year, ...
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ArticleSpring Budget 2024: DC pensions required to disclose investment in UK equities
Spring Budget 2024: Jeremy Hunt, Chancellor of the Exchequer, has announced plans to bring forward requirements for defined contribution (DC) schemes and local government pension schemes (LGPS) to publicly disclose the breakdown of their asset allocation in UK equities.The 2024 Spring Budget report stated that across the pensions industry as ...
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ArticleAiredale NHS Foundation Trust receives menopause-friendly accreditation
Airedale NHS Foundation Trust in West Yorkshire has received menopause-friendly workplace accreditation in recognition of the support it offers to employees.Established by Henpicked: Menopause In The Workplace, the accreditation recognises organisations that embrace menopause in the workplace.The NHS trust has set up a variety of menopause-related initiatives, including a dedicated ...
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ArticleTesco to increase pay above the real living wage
Tesco is to increase the hourly pay for employees in stores from £11.02 to £12.02 per hour, which is above the 2024 real living wage outside London.It announced the rise after reaching an agreement with trade union Usdaw. Tesco remains one of the few supermarkets to recognise an independent trade ...
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ArticleStay up to date with the Spring Budget 2024
Chancellor of the Exchequer Jeremy Hunt will deliver his Spring Budget 2024 speech at 12.30pm on Wednesday 6 March 2024.Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact pay, pensions and benefits for employers and staff.The Autumn Statement 2023's key ...
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ArticleSurrey County Council payroll error sees employees receive wrong wages
Surrey County Council has apologised to employees after an error with its £30m payroll system saw staff paid the wrong wages.Problems with its Enterprise Resource Planning system, which was introduced last June, have meant some employees including firefighters and teachers have been underpaid.Surrey County Council Trade Unions group, which brings ...
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ArticleCurrys increases salary for 10,000 staff and boosts minimum pay rates
Credit: bennphoto / Shutterstock.comRetailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay.Its store-based workers will now earn an average of £12.33 per hour, while its top-performing employees can earn on £13.95 an hour on average, with some able to earn ...
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ArticleNetwork Rail reports 7.4% mean gender pay gap for 2023
Network Rail has reported a 7.4% mean gender pay gap for 2023, down from 8.6% in 2022 and 9.9% in 2021.The rail operator’s median gender pay gap for 2023 was 9.3%, down from 10.9% in 2022 and 12.9% in 2021.Its mean gender performance-related pay gap for last year was -35.1%, ...
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ArticleWriters at the BBC and BBC Studios to receive 10% pay rise and increased residuals
Writers commissioned by the BBC and BBC Studios have accepted an increase in minimum fees and compensation for their work across new platforms, with immediate effect.The BBC Script Agreement for Television and Online was originally negotiated in 2017 by the Writers’ Guild of Great Britain (WGGB) and the Personal Managers’ ...
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ArticleTribunal finds Oxford University professors should have had employee status
An employment tribunal has found that two creative writing professors who were employed as gig workers by Oxford University should have had employee status.Alice Jolly and Rebecca Abrams worked at the university since 2008 and 2007 respectively, and both taught the Master of Studies degree in Creative Writing.In 2022, they ...
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Article61% of staff are more worried about the cost-of-living compared to a year ago
Six in 10 (61%) UK employees said they are more worried about the cost-of-living crisis compared to a year ago, according to new research by Health Shield.The employee health benefits provider surveyed 564 employees in full or part-time work and found that only 11% of respondents are less worried about ...
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ArticleAsda to raise pay for 120,000 hourly-paid store employees
Supermarket Asda has announced that its hourly-paid store employees will see an 8.4% increase in their pay effective 1 July as part of a £150 million investment.Its national rate will rise from £11.11 per hour to £12.04 and its rate for stores inside the M25 will increase from £12.28 to ...
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ArticleHarneys names Richard Reid as new chief people officer
Law firm Harneys has appointed Richard Reid as its new chief people officer effective 1 April.Since joining Harneys in 2022 as head of wellbeing, Reid has been behind some of the firm’s human resources initiatives such as revamping its employee assistance programme to pioneering its mental health buddies scheme. He ...
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ArticleMale staff more likely to believe men and women are paid equally
Four-fifths (79%) of male employees believe men and women are paid equally, compared with only 55% of women, according to research by HR platform HiBob.Its UK women professionals in the workplace 2024 report, which surveyed 2,000 employees, also highlighted that just one in 10 (11%) men believe they are paid ...
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ArticleMusculoskeletal claims are top driver of healthcare costs
Musculoskeletal claims were the top driver of healthcare costs in almost all industries, according to research by Maxis Global Benefits Network.The international employee benefits network’s 2024 report How do industry, culture and gender affect employee health?, based on global claims data, also found spending on musculoskeletal care tripled between 2018 ...
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ArticleClarins reports 33.6% mean gender pay gap for 2023
Credit: Robert Way / Shutterstock.comBeauty and skincare brand Clarins has reported a mean gender pay gap of 33.6% for 2023, up from 29.9% in 2022.The employer’s median gender pay gap for the year was 53.3%, up from 47.9% in 2022. Its upper pay quartile in 2023 comprised 83.5% female and ...
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ArticleThe top 10 most-read articles between 23 - 29 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 23 - 29 February 2024 were: Marks and Spencer enhances pay and family leave policiesExclusive: Central Co-op introduces electric vehicle salary sacrifice schemeLondon Underground staff accept improved pay offerNew Look implements HR and payroll processes platform75% of Gen Z staff advocate for ...
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ArticleVegasSlotsOnline searches for professional Guinness taster
Credit: Anton_Ivanov / Shutterstock.comSomething for the weekend: In order to celebrate St. Patrick’s Day (17 March) this year, gambling website VegasSlotsOnline has begun its search for a professional Guinness taster. If you have ever wished you could be paid for drinking Guinness, then this could be the role for you.The ...
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ArticleRolls Royce reports 1.2% mean hourly gender pay gap for 2023
Vehicle manufacturer Rolls Royce has reported a 1.2% UK mean hourly gender pay gap for 2023, down from 1.6% in 2022.Its median hourly gender pay gap 3.7%, compared to 3.6% the previous year. Its lower pay quartile consisted of 75% of men and 25% of women, whereas its upper pay ...
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ArticleMolson Coors Beverage Company implements equal parental leave
Molson Coors Beverage Company has introduced an equal parental leave policy for its more than 2,200 employees across the UK.All new parents at the brewer of beer brands such as Carling, Coors and Madrí Excepcional will be entitled to up to 52 weeks' leave regardless of gender or their path ...