All Article articles – Page 244
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ArticleNew Zealand government extends wage subsidy scheme
The New Zealand government has extended its new wages subsidy scheme by two weeks to support employees who have been affected by the Covid-19 (Coronavirus) pandemic.The wage subsidy scheme, first introduced in June 2020, provides an eight week payment for every employee working at a business that has seen a ...
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ArticleSchroders introduces permanent flexible working policy for 5,000 global employees
Asset management organisation Schroders is introducing a permanent flexible working policy for over 5,000 of its global employees, to deal with the shift in working expectations due to the Covid-19 (Coronavirus) pandemic.The policy, which also benefits 2,500 UK-based employees, allows staff to continue working remotely indefinitely, as long as they ...
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ArticleFamily Building Society completes £30 million defined benefit transfer
Family Building Society has completed a pension transfer to its Defined Benefit (DB) Complete Master Trust, from its previous DB scheme. The £30 million scheme, successfully agreed with TPT Retirement Solutions, will bring its 350 members onto the scheme, with 66 currently active in a cash balance section.The move is ...
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ArticleTobermore launches employee health and wellbeing app for staff
Manufacturing organisation Tobermore has introduced a health and wellbeing app to support the mental health of its 300 employees.Launched 12 August 2020, the Tobermore Connect app gives employees access to a range of physical and mental wellbeing services 24 hours a day, seven days a week.Employees can make online appointments ...
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ArticleBakkavor provides full sick pay for 1,600 employees
Food manufacturer Bakkavor will pay the 1,600 employees at its Newark dessert factory sick pay, if they need to self-isolate due to the health risks of Covid-19 (Coronavirus).Employees at the factory were previously paid the minimum legal statutory sick pay (SSP) requirement of £95.85 a week. However, from this week, ...
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ArticleIndependent Television News reports mean gender pay gap of 9.7%
Independent Television News (ITN) has reported a mean gender pay gap of 9.7% for average hourly pay as at April 2019.The organisation, which currently has over 1,200 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 ...
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ArticleICI Pension Fund completes £70 million transaction
ICI Pension Fund has secured a £70 million buy-in with Legal and General Assurance Society (Legal and General).The buy-in, completed in May 2020 takes advantage, of current market conditions and has secured the benefit for new retirees. The deal is the ninth transaction with Legal and General securing a total ...
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ArticleThe top 10 most read stories: 6 August - 12 August
The top 10 most read stories between 6 August - 12 August were: Uber and Metro Bank extend remote working policies to 202187% would stay at an organisation if it commits to employee wellbeingWilliam Hill to repay government £24 million in furlough costsClifford Chance and Linklaters reduce pay for newly ...
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ArticleThe Zebra offers staff $300 to spend on new pets
Something for the weekend: US insurance comparison site The Zebra is offering its employees up to $300 (£228) to spend on their new pets.The generous benefit is an attempt to financially help employees welcome their new furry (or scaley) friends into their home in style. This gives the 'new parents' ...
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Article49% of employees believe pay should be based on ability not location
Just under half (49%) of employees believe that pay and benefits should be based on ability regardless of where an employee is based, according to research by Remote.The research published in August 2020, which surveyed 764 employees, also found that almost a third (30%) believe that pay and benefits should ...
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ArticleInverclyde Council introduces £125,000 local furlough scheme
Inverclyde Council will introduce a local pilot furlough scheme to support businesses and employees during the Covid-19 (Coronavirus) crisis.The plan, which is expected to cost Inverclyde Council £125,000, will be used to pay 50% of furloughed employees salaries when the government's job retention scheme ends in October 2020. The government ...
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ArticleAdmiral awards shares worth £1,800 to 10,000 employees
Financial services organisation Admiral Group is giving its 10,000 employees shares worth up to £1,800, under its share incentive plan.Since January 2020, the business has seen a continuous growth in revenue, and it is rewarding its employees with the shares that will be placed in Trust by the end of ...
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ArticleOxford University Hospital NHS Trust offers rest pods for front-line employees
Oxford University Hospital NHS Trust is offering its emergency department employees specialist rest pods and chairs to relax before and after their shifts.The rest pods and chairs were on loan to the NHS Trust during the peak of the Covid-19 (Coronavirus) pandemic, but due to their success, the rest areas ...
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Article40% of employees aged 18-34 have stopped or reduced pension savings
Two-fifths (40%) of employees aged 18-34 have either stopped (12%) or reduced (28%) their pension savings during the Covid-19 (Coronavirus) pandemic, according to research by Royal London.Its research, which surveyed 2,000 employees, also found that respondents aged 18-34 are the age group most likely to make this decision regardless of ...
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Article6,000 Singapore Airlines employees take unpaid leave
Over 6,000 employees at Singapore Airlines (SIA) are taking voluntary unpaid leave to help the airline protect jobs during the Covid-19 (Coronavirus) pandemic.The airline, which currently has 15,000 employees, has seen over a third of its employees take up the voluntary benefit since it first introduced the programme to its ...
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ArticlePost Office uses pulse surveys to measure employee engagement
Post office has reinvented the way it measures employee engagement to deal with the sharp shifts of change during the Covid-19 (Coronavirus) pandemic.In March 2020, when all office-based employees were told to work from home due to the health risks of the pandemic, Post Office introduced pulse surveys to understand ...
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ArticleClifford Chance and Linklaters reduce pay for newly qualified solicitors
Law firms Linklaters and Clifford Chance are reducing the pay of newly qualified solicitors to deal with the financial constraints of the Covid-19 (Coronavirus) pandemic.Linklaters is reducing its salaries for newly qualified solicitors by £10,000, with starting salaries now set at £90,000 per annum instead of £100,000. However, to compensate, ...
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ArticleUS Supreme Court rules Uber and Lyft must classify drivers as employees
US ridesharing organisations Lyft and Uber will have to identify all drivers as employees and not independent contractors, following on from a ruling by the superior court of the state of CaliforniaThe court ruled that over 750,000 Uber drivers and over 1.4 million Lyft drivers have been misclassified as independent ...
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ArticleSheffield Sustainable Kitchens becomes accredited living wage employer
Kitchen remodeler Sheffield Sustainable Kitchens has become a real living wage employer, accredited by the Living Wage Foundation.The organisation is now fully committed to paying its employees a minimum of £9.30 per hour to solidify its business values and beliefs. This sees employees at the organisation receive an additional 55p ...
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ArticleAllianz Holdings appoints Julie Harrison as chief HR officer
Allianz Holdings has appointed Julie Harrison as the businesses chief HR officer.Harrison, who will report to Jon Dye, chief executive at Allianz Holdings, will lead the HR function across the business.Before transferring to the UK division, Harrison held the position of chief HR officer at Allianz Asia Pacific based in ...