All Article articles – Page 248
-
ArticleNuffield Health reports mean gender pay gap of 4.3%
Nuffield Health has reported a mean gender pay gap of 4.3% for average hourly pay as at April 2019.The organisation, which currently has over 11,000 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 or more ...
-
ArticleThe top 10 most read stories: 16 July – 22 July 2020
The top 10 most read stories on employeebenefits.co.uk between 9-15 July 2020 were: Kier Group returns furloughed staff to work without claiming job retention bonusGovernment increases pay for 900,000 public sector workersEmployers can use furlough scheme during contractual notice periodsAsos repays government for cost of employee furlough scheme37% of employees ...
-
ArticleEmployees dress up to attend virtual meetings
Something for the weekend: It seems like the days of working from home in pajamas are a thing of the past. Employees are now taking advantage of online shopping and are buying clothes to 'attend' their business video calls, according to research by e-commerce agency Melody.With after drinks with colleagues ...
-
ArticleKPMG to consult on pension contribution cuts
Professional services organisation KPMG is consulting with employees on proposed cuts to pension contributions in order to deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.If agreed, the proposed decrease would affect 20% of KPMG's 16,000 UK employees, who are currently saving in to a flexible retirement growth pension ...
-
ArticleCatalyst repays government for cost of job retention scheme
Housing organisation Catalyst is repaying back the total cost of the furlough payments it has received from the government during the Covid-19 (Coronavirus) pandemic.The organisation placed 101 employees on the government's job retention scheme in March 2020 but has since returned 76 employees back to work, with the majority of ...
-
ArticleScottish government offers healthcare workers 24 hour mental health support
The Scottish government has introduced a mental health helpline for healthcare and social care workers to support their mental wellbeing during the Coronavirus (Covid-19) pandemic.The national helpline, NHS 24, which is available 24 hours a day, seven days a week, gives care workers the opportunity to seek mental health advice ...
-
Article44% of employees are more efficient working from home
Two in five employees (44%) believe they are more efficient working form home, according to research by ENEI.The research of 113 employees during the Coronavirus (Covid-19) pandemic, published July 2020, also found that just over a quarter (27%) said that the work they produce is of a higher quality while ...
-
Article16% of employees are worried about their everyday finances
One in five (16%) UK employees are currently worried about their everyday finances (June/July 2020) compared to 28% in April 2020, according to research by Nudge.Its survey of 300,000 employees also found that the percentage of employees worrying about financial budgeting has also decreased, falling from 30% to 14% in ...
-
ArticlePremaberg Holdings completes £5 million bulk annuity transaction
UK manufacturer Premaberg has completed a £5 million bulk annuity buy-in of Premaberg Holdings Retirement Benefits Plan with Just Group.The deal, which was completed in conjunction with Mercer, is the first step to securing the defined benefit (DB) pension retirement funds of the 64 members that will be affected by ...
-
ArticleAO World introduces profit share scheme for 3,000 staff
Online retailer AO World is to introduce a profit share scheme for its 3,000 employees.The incentive, which is set to be implemented during the 2020/21 financial year and has been named the Value Creation Plan (VCP), will give employees the opportunity to receive an extra payment, if any value is ...
-
ArticleBellcare Domiciliary becomes an accredited living wage employer
Cumbrian care organisation Bellcare Domiciliary has been accredited as a living wage employer by the Living Wage Foundation.The organisation is now committed to paying its 130 employees a minimum of £9.30 an hour, with senior care staff seeing their pay increase to £9.70 per hour, from August 2020. This sees ...
-
ArticleRoyal Bank of Scotland extends remote working policy to 2021 for 50,000 employees
Scottish bank Royal Bank of Scotland (RBS) is extending its remote working policy until 2021 for 50,000 employees.The extension has been put in place to ensure the safety and wellbeing of the large proportion of its employees who are currently home-based. The organisation is also ensuring all of its staff ...
-
ArticleGovernment increases pay for 900,000 public sector workers
The government is to give 900,000 public sector workers in the UK a 2%-3.1% pay rise to recognise them for their efforts during the Covid-19 (Coronavirus) pandemic.The government will increase the salary of teachers by 3.1% and doctors by 2.8%, while police, prison officers and national crime agency staff will ...
-
ArticleAsos repays government for cost of employee furlough scheme
Online retailer Asos is repaying the money it has received through the government's job retention scheme (GJRS).The organisation, which furloughed 1,000 employees in April 2020, saw a 10% growth within the business in June, despite the financial ramifications that the business faced during the height of the Coronavirus pandemic in ...
-
ArticlePost Office reports mean gender pay gap of 16%
Post Office has reported a mean gender pay gap of 16% for average hourly pay as at April 2019.The organisation, which currently has over 5,000 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 or more ...
-
ArticleEmployers can use furlough scheme during contractual notice periods
Guidance updated by HM Revenue and Customs (HMRC) confirms that employers can still claim for furlough payments if an employee has been put on a full notice period.The original guidance stated that organisations could claim the statutory notice period under the scheme, however, an amendment has made it clear that ...
-
ArticleTPR increases pension standards and protection of members
The Pensions Regulator (TPR) has improved pension industry standards, and protected more schemes than ever before, according to its 2019-2020 Annual Report and Accounts (ARA).The ARA has showcased that the organisation has successfully completed national auto-enrolment, placing 98% of employees onto a pension scheme. Through introduced master trusts, 16 million ...
-
ArticleLaing O'Rourke foregoes government job retention bonus
Construction business Laing O'Rourke is foregoing a £1,000 payment per employee under the government’s job retention bonus scheme for bringing back furloughed employees.In the July 2020 mini-Budget, the government introduced a bonus scheme, rewarding UK businesses with the payment if employees returning to work remain within the business through to ...
-
ArticleHMRC publishes guidance on GMP equalisation
HMRC has published guidance on guaranteed minimum pension (GMP) equalisation, providing clarity into how schemes should distribute lump sum benefits when looking to equalise payments.This guidance has been published to explain to schemes how they can handle lump sum payments aligned with changes to GMP, after many schemes were left ...
-
ArticleHouse of Lords approves Pension Schemes Bill
The House of Lords has approved the Pension Schemes Bill, which is aimed at improving protection for pension savers and ensuring more guidance for businesses. The bill will now be taken through the House of Commons later this year.The bill will ensure occupational pension schemes are accommodating for climate and ...