All Article articles – Page 233
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ArticleLloyds Banking Group extends remote-working policy
Financial services organisation Lloyds Banking Group has extended its remote working policy due to the health risks of Covid-19 (Coronavirus).Following prime minister Boris Johnson’s announcement on 22 September that employees should work from home where possible due to Coronavirus, the organisation has asked all of its employees to work from ...
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ArticleDebbie Lovewell-Tuck: Reviewing wellbeing priorities
As our Wellbeing Week, in association with Aon, draws to a close, it is time to reflect on some of the trends and issues currently shaping employers’ strategies in this area.2020 has been a strange year to say the least. As we move into the winter months, with lockdown restrictions ...
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ArticleAllen and Overy reports 59.9% mean gender and 22.4% ethnicity pay gaps
Image credit: DutchMen / Shutterstock.comInternational law firm Allen and Overy has reported a 59.9% mean gender pay gap among employees, including partners, as at April 2020. It has also voluntarily chosen to report its ethnicity pay gap data, finding a 22.4% mean difference.Due to the Covid-19 (Coronavirus) pandemic, gender pay ...
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ArticleEmployee Benefits Reset Series now available on demand
The Employee Benefits Reset series is now available to watch on demand.Employee Benefits Reset played host to a number of key players in the employee benefits arena during the two-week series, which ran from 5-16 October 2020.Tim Robertson, UK compensation and benefits lea at Microsoft, opened the series with a ...
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ArticleThe government revises Job Support Scheme to pay higher amount of employees' wages
The government has revised its the Job Support Scheme (JSS) that will replace the Job Retention scheme on 1 November.Rishi Sunak, Chancellor of the Exchequer, has announed orgaisations will able to claim up to 62% of the cost of hours not worked by employees, capped at £1,541.75 per month. This ...
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ArticleThe top 10 most-read stories between 15 - 22 October
The top 10 most-read stories between 15 October and 22 October on www.employeebenefits.co.uk were: Dunelm to repay government £14.5 million in furlough costsPink Prosecco looking for applicants to taste test new fizzTesco employees appeal Employment Tribunal equal pay decisionCaroline Harwood: Tax implications of Christmas parties during Covid-19How has the Covid-19 ...
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ArticleArsenal midfielder Mesut Ozil offers to pay club mascot’s salary
Something for the weekend: Due to the Covid-19 (Coronavirus) pandemic, and with the fear of redundancy looming over his head, the infamous mascot at Arsenal football club has been thrown a lifeline.Arsenal midfielder, Mescut Ozil has offered to pay the salary of Jerry Quy, who is the man behind Gunnersaurus, ...
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Article30% of employees have not returned to the office during Covid-19 pandemic
Almost a third (30%) of employees have not returned to the office at any point during the Covid-19 (Coronavirus) pandemic, according to research by answering services provider Moneypenny.In its survey of 1,000 UK office workers found that of the 70% that have returned to the office after the government relaxed ...
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ArticleUBS rewards 25,000 employees with £30 million bonus pot
Investment bank group UBS is rewarding 25,000 junior employees globally with a bonus to thank them for their hard work during the Covid-19 (Coronavirus) pandemic.The payment, which is equivalent to one week’s salary, will be paid to eligible employees in the fourth quarter, and will cost the organisation £30 million.Currently, ...
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ArticleMitie reports 10.4% mean gender pay gap
Mitie has reported a mean gender pay gap of 10.4% for average hourly pay as at April 2019, down from 13.8% the previous year.The organisation, which currently has over 20,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require ...
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ArticleMorgan Sindall Construction becomes accredited living wage employer
UK infrastructure organisation Morgan Sindall Construction has become a real living wage employer, accredited by the Living Wage Foundation.The organisation now commits to paying its 6,400 employees a minimum of £9.30 per hour, or £10.75 in London, as part of its dedication to improving employer standards in the construction industry. ...
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ArticlePensions lifetime allowance to increase by £5,800 next year
The pensions lifetime allowance (LTA) limit is to increase to £1.078 million from April 2021/2022.This represents an increase of £5,800 from the current £1.073 million limit that was set in the 2020/2021 tax year, meaning that pension members can save more money into their funds without receiving a tax charge.The ...
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ArticleEuropean Tyre Enterprises gives 7,000 employees early access to pay
Car services retailer European Tyre Enterprises (ETEL) has given its 7,000 employees the chance to access their pay early, as well as offering wellbeing tools to help employees avoid financial stress.The organisation, which owns Kwik Fit (pictured) and Stapletons Tyre Services, will give employees the flexibility to access a portion ...
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ArticleAviva and Standard Life Aberdeen gain living hours accreditation
British insurer Aviva and global investment organisation Standard Life Aberdeen have become living hours organisations, accredited by the Living Wage Foundation.The Living Hours programme provides an enhanced standard for employers to abide by, going beyond the commitments of the Living Wage accreditation. Aviva and Standard Life Aberdeen, whichare the first ...
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ArticleTarget rewards 350,000 front-line employees with $200 bonus
US retailer Target has given 350,000 front-line employees a $200 (£155) bonus to thank them for their continuous hard work during the Covid-19 (Coronavirus) pandemic.Hourly-paid team members in stores and distribution centres, including seasonal hires, as well as employees who work within Target's guest and team member contact centres, will ...
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ArticleTesco employees appeal Employment Tribunal equal pay decision
Employees at supermarket chain Tesco plan to appeal a decision made by the Employment Tribunal which states that a job evaluation study is unreliable.The study, carried out by Tesco’s reward managers in 2014, found that 22 hourly-paid shop floor roles were equivalent to three higher-paid distribution centre roles.Tesco abandoned the ...
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ArticleEXCLUSIVE: 28% of employees do not understand the benefits available to them
Just over a quarter (28%) of employers believe that their employees do not fully understand the benefits that are available to them, according to research by industry body Grid.In survey of 1,675 HR decision makers and employees also found that 10% of employers believe their workforce is only aware of ...
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ArticleDunelm to repay government £14.5 million in furlough costs
Retail employer Dunelm will payback in fullthemoney it receivedas part of the government’s employee furlough scheme as financial support during the Covid-19 (Coronavirus) pandemic. In March 2020, the organisation furloughed 8,000 employeesafter predicting a significant reduction in revenue due to the pandemic. However, the organisation has seen a 29.7% increase ...
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ArticleMercer signs Race at Work charter to improve ethnic equality
Consulting firm Mercer 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, developed in partnership with the UK government and charity Business in the Community (BITC), has set out to improve the workplace quality for ...
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ArticleEXCLUSIVE: PricewaterhouseCoopers supports working carers during Covid-19
Employee Benefits Reset 2020: During the Covid-19 (Coronavirus) pandemic, PricewaterhouseCoopers (PWC) has enhanced its support for employees with caring responsibilities.Sarah Churchman, chief inclusion, community and wellbeing officer at PWC, led a session on the additional support the employer has offered to working parents. She said: "We have been aiding our ...