All Article articles – Page 224
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ArticleKaren Mosley: What lessons can employers learn from 2020 for reward strategies in 2021?
If we have learnt anything from the pandemic, it is that radical change can happen overnight. Those things we thought could never happen just did and the level of resilience and open-mindedness both as organisations and as individuals has been accelerated by years; which we must capture and put to ...
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ArticleTesco, Pizza Hut and Superdrug flouted minimum wage rules
Tesco, Superdrug and Pizza Hut are among the 139 organisations identified by the government as having breached minimum wage rules.According to the Department for Business, Energy and Industrial Strategy (BEIS), these employers underpaid more than 95,000 workers by a total of £6.7 million.The organisations were investigated between 2016 and 2018, ...
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ArticleEXCLUSIVE: Snowflake launches behavioural health app to support employees' mental health
Snowflake has introduced a behavioural health coaching app to support its employees with their mental health.The app, Ginger, provides Snowflake’s international staff members and their families with a programme that can offer support with a range of issues, including stress, anxiety, relationship matters or coaching on specific topics such as ...
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ArticleGender pay gap is widest for those aged over 50
The gender pay gap between full-time male and female employees is widest for those aged over 50, according to analysis from digital community Rest Less.The analysis Office of National Statistics (ONS) pay data, found that the gender pay gap increases with age: the annual salary of a female full-time employee ...
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ArticleEXCLUSIVE: 33% of organisations offer cash to staff who reach lifetime or annual limits
EXCLUSIVE: A third (33%) of organisations offer cash as an alternative to pension contributions for those employees that reach their lifetime or annual allowance limits, according to research by Employee Benefits.The Employee Benefits Pensions research 2020, which surveyed 94 pension strategy decision-makers found that this year, 49% of respondents that ...
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ArticleTelegraph Media Group reports 20.5% mean gender and 20.7% ethnicity pay gaps
Telegraph Media Group (TMG) has reported a 20.5% mean gender pay gap, as at April 2020. It has also voluntarily chosen to report its ethnicity pay gap data for the third year, reporting a 20.7% mean difference.Due to the Covid-19 (Coronavirus) pandemic, gender pay gap reporting regulations have been suspended ...
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ArticleMaersk completes £1.1 billion bulk annuity buy-in transaction
Danish transportation and energy organisation Maersk has completed a £1.1 billion pensions bulk annuity transaction with Legal and General.The arrangement will secure the defined benefit (DB) pension benefits of 1,900 deferred members and 3,000 retired members of the Maersk Retirement Benefit Scheme, removing their investment and longevity risks from the ...
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ArticleThe top 10 most-read articles between 10-16 December 2020
The top 10 most-read stories on employeebenefits.co.uk between 10-16 December 2020 were: Asda to reward front-line staff with 100% bonus and Boxing Day paid leaveJust Eat to offer couriers hourly pay and benefitsAwin to introduce four-day working weekHow are employers recognising employees’ efforts during the Covid-19 pandemic?Maintenance staff at Norfolk ...
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ArticlePayPal launches virtual Christmas party for employees across the globe
Something for the weekend: Ever wondered how the rest of the world parties at Christmas? Well PayPal employees have the answer, after attending a 29-hour virtual global shindig –from the comfort of their own homesThis month, Paypal invited its employees to sit back, let their hair down, and relax – ...
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ArticleJMK Solicitors increases minimum salary to £20,000
Image credit: JMK SolicitorsLaw firm JMK Solicitors has committed to paying its full-time staff a minimum salary of £20,000, exceeding the legal minimum wage requirement of £8.72 an hour for employees over 25.The organisation which employs 60 staff introduced these new pay measures to support its staff and recognise them ...
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ArticleUnlimited provides mental health training for staff
Marketing and advertising agency Unlimited has provided mental health training for all its employees to increase awareness and support the wellbeing of staff.Its 'My Mind Matters' programme will equip staff with the tools to support employees if they are showing signs of struggling with mental health issues included action plans, ...
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ArticleDomino’s Pizza rewards 11,500 employees with recognition bonus
Pizza restaurant and delivery chain Domino’s Pizza has rewarded over 11,500 employees with a special bonus to recognise them for their hard work during the Covid-19 (Coronavirus) pandemic.All employees who are directly hired by the organisation, including hourly team members, drivers and supply staff will receive a special payment of ...
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ArticleEXCLUSIVE: Personal Group awards shares to 250 employees
EXCLUSIVE: Employee benefits provider Personal Group has awarded its 250 employees free shares worth £500 under its new share incentive plan (sip).The share reward is to recognise employees for their hard work during the Covid-19 (Coronavirus) pandemic. Effective from 1 December 2020, employees who have joined the organisation before June ...
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Article
Maersk completes £1.1 billion bulk annuity buy-in transaction
Danish transportation and energy organisation Maersk has completed a £1.1 billion pensions bulk annuity transaction with Legal and General.The arrangement will secure the defined benefit (DB) pension benefits of 1,900 deferred members and 3,000 retired members of the Maersk Retirement Benefit Scheme, removing their investment and longevity risks from the ...
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Article
JMK Solicitors
Law firm JMK Solicitors has committed to paying its full-time staff a minimum salary of £20,000, exceeding the legal minimum wage requirement of £8.72 an hour for employees over 25.The organisation which employees 60 staff introduced these new pay measures to support its staff and recognise them for their efforts. ...
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ArticleHargreaves Lansdown signs Race at Work charter to tackle racial inequality
Financial services organisation Hargreaves Lansdown has signed the Race at Work charter, committing to address the issues that employees from ethnic minority groups face in the workplace.The race charter, created in partnership with the UK government and charity Business in the community (BITC), has set out to improve the workplace ...
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ArticleHeathrow Airport introduces 20% pay cuts for staff
British airport Heathrow has introduced pay cuts to deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.The organisation reduced the pay of less than 3% of its staff by 20%, while fewer than 1% of staff have received pay cuts by 25%. Employees negatively impacted will see these pay ...
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ArticleEXCLUSIVE: 68% say uncertainty on pension decision-making is their key retirement concern
For the third consecutive year, uncertainty around how to make the best decision when accessing pension benefits is the primary concern when it comes to the time leading up to, and during, retirement, according to research by Employee Benefits.The Employee Benefits Pensions research 2020, which surveyed 94 pension strategy decision-makers ...
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Article
Unlimited provides mental health training for employees
Agency group Unlimited is to provide mental health training for all employees to increase awareness and support the wellbeing of staff.Its 'My Mind Matters' programme, will equip staff with the tools to support employees if they are showing signs of struggling with mental health issues included action plans, resources, and ...
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ArticlePinterest agrees to $22 million settlement in gender discrimination case
Social media organisation Pinterest has agreed to pay a $22.5 million (£16.9m) settlement in a gender discrimination case.In August 2020, Francoise Brougher, former chief operating officer at Pinterest, filed a lawsuit against the organisation, stating that she received less equity in shares than her male counterparts during her first year ...