All Article articles – Page 230
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ArticleGovernment publishes further guidance on Job Retention Scheme
The government has published further guidance on the Government Job Retention Scheme (GJRS), including details on flexible furlough and employees taking paid leave.The guidance outlines the increase in flexibility that the extended scheme provides when compared to its original implementation in March, such as allowing flexible furlough from the start.Under ...
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Article54% of staff believe their workplace benefits are no longer relevant
More than half (54%) of employees believe that their current workplace benefits need to be re-evaluated due to the increase to remote working, according to research by Blackhawk Network.Its research, published November 2020, which surveyed 2,001 employees in the UK, found that onlyone-third (32%) of employees believe that their current ...
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ArticleAldi rewards front-line employees with 10% bonus payment
Supermarket chain Aldi is rewarding its 35,000 front-line employees with a 10% bonus to recognise their efforts dealing with the increasing demand for products during the Covid-19 (Coronavirus) pandemic.The 10% bonus will be paid to all permanent and temporary staff that have worked on the front-line in Aldi stores, which ...
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ArticleReckitt Benckiser completes £415 million pensions buy-in transaction
Consumer goods organisation Reckitt Benckiser has completed a £415 million pension buy-in transaction with Scottish Widows.The buy-in arrangement will insure the defined benefit (DB) pension liabilities of 1,400 members in the Reckitt Benckiser Pension Fund. The new transaction removes the interest rate, inflation and longevity risk relating to these liabilities. ...
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ArticleLidl increases hourly pay for 20,000 employees
Supermarket chain Lidl has announced that it will increase hourly pay for 25,000 employees to further support their financial wellbeing.Employees on entry-level pay will see an increase of 20p to £9.50 an hour, and £10.75 to £10.85 for staff in London, which could go up to £11.85 depending on location ...
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ArticleTesco rewards staff with 10% bonus payment
Supermarket chain Tesco is rewarding its employees with a 10% bonus to recognise their efforts dealing with the increasing demand for supplies during the Covid-19 (Coronavirus) pandemic.The 10% bonus will be paid to all permanent employees that work within its stores, distribution centres, customer fulfilment centres and its customer engagement ...
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ArticleBBC Studios appoints Debi Povey as reward business partner
BBC Studios has appointed Debi Povey as its reward business partner.She will contribute to the design and the development of the reward strategy, ensuring that it is aligned with the organisation people strategy. Povey will additionally ensure that BBC Studios supports its employees in a proactive and effective manner.Povey moves ...
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ArticleLyft and Uber win legal battle in California to classify drivers as contractors
Ridesharing organisations Uber and Lyft have won the right to classify their drivers as contractors, not employees.In October 2020, The California Court of Appeal ordered US ridesharing organisations Uber and Lyft to classify their drivers as employees following an appeal process. However, California Proposition 22 (Prop 22), a new law ...
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ArticleCapita gives 45,000 employees early access to pay
Professional services and business process outsourcing organisation Capita has introduced a personal finance app to support the financial wellbeing of its 45,000 employees.The organisation, which partnered with financial wellbeing app Level, will give employees the chance to access their pay early. In the coming weeks, UK employees at Capita will ...
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ArticleSimmons and Simmons resumes bonus reviews
International law firm Simmons and Simmons has resumed its annual pay and bonus reviews that were initially put on hold due to the financial uncertainty resulting from the Covid-19 (Coronavirus) pandemic.The employer delayed salary and bonus performance-based reviews, as well as partner distributions in April 2020 during a reduction in ...
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ArticleNetwork Rail gains living wage accreditation
Railway organisation Network Rail has officially become a real living wage employer, accredited by the Living Wage Foundation.Its 41,000 employees will benefit fromthe living wage, which has increased by 20p per hour as of 9 November 2020, to£9.50 outside of London and £10.85 in the capital. The living wage, which ...
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ArticlePRS for Music reports mean gender pay gap of 13.8%
Image credit: Andi SmallwoodPRS for Music has reported a mean gender pay gap of 13.8% for average hourly pay as at April 2020 down from 19.1% the previous year.The organisation, which currently has over 1,000 employees, reported its gender pay gap data in line with the government’s gender pay gap ...
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ArticlePandora to pay staff in full during Covid-19
Jewellery manufacturer and retailer Pandora will continue to pay its employees in full despite the financial ramifications of the Covid-19 (Coronavirus) pandemic.The employer has confirmed that despite lockdown measures forcing UK stores to close once again, Pandora will continue to pay employees in full during uncertain times.In March 2020 when ...
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ArticleReal living wage rate increases to £9.50 an hour for UK staff
The real living wage rate has increased by 20p per hour, rising from £9.30 to £9.50 an hour for employees working across the UK, as announced by the Living Wage Foundation today (Monday 9 November 2020).The real London living wage, paid voluntarily by employers has also increased by 10p, from ...
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Article51% likely to review or reduce pension contributions due to Covid-19 pandemic
Approximately half (51%) of UK savers are likely to review or reduce pension contributions in favour of short-term saving or debt reduction or elimination as a result of the Covid-19 (Coronavirus) pandemic, according to research by BlackRock.Its Defined contribution (DC) pulse survey, which surveyed 1,000 UK savers, also found that ...
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ArticleMarks and Spencer completes two pension buy-in transactions worth £750m
Marks and Spencer has completed two pensions buy-in transactions worth approximately £750 million for its defined benefit (DB) pension scheme.The move, which follows two previous buy-in transactions completed in 2018 and 2019, means that 80% of the scheme’s pensioner liabilities are now insured. The buy-in policies are provided by Aviva ...
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ArticleGovernment extends furlough scheme to March 2021
The government has extended the Coronavirus Job Retention Scheme (CJRS) to March 2021, following the introduction of national lockdown restrictions across England on 5 November 2020.Under the terms of the extension, the government will continue to pay up to 80% of a person’s wage capped at a maximum of £2,500 ...
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Poll: Are you planning to offer Christmas incentives for staff this year?
[polldaddy poll=10646884]
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ArticleThe top 10 most read stories between 29 October - 4 November
The top 10 most-read stories on www.employeebenefits.co.uk between 29 October - 4 November 2020 were: Lloyds Banking Group cancels bonuses for senior staffHow has the role of the line manager changed in supporting employee wellbeing?WPP defers bonus paymentsGovernment extend Coronavirus Job Retention SchemeIkea introduces pay freeze for UK employeesRobert Green: ...
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ArticleGamestop launches TikTok competition for employees
Something for the weekend: American electronics retail organisation Gamestop has given employees the opportunity to put on their dancing shoes and get posting on TikTok.Employees have the chance to bring out their social media influencing skills and knowledge, by battling it out with their fellow co-workers for a chance to ...