All Article articles – Page 252
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ArticleJersey increases parental leave to 52 weeks
Jersey has enhanced its parental leave legislation, ensuring that all working parents are entitled to 52 weeks of parental leave, with six weeks to be paid by the employer.From 28 June 2020, the legislation will see parental leave double from the current 26-week entitlement, enabling parents to take a full ...
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ArticleCadent offers company car scheme to its employees
Natural gas network Cadent introduced a company car scheme to its flexible benefits programme for all of its 4,076 employees.Due to the nature of the job for many employees at Cadent, the business has introduced a number of flexible benefits since being part of the National Grid in 2011. Since ...
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ArticleEXCLUSIVE: 64% of organisations offer on-site benefits to employees
Two-thirds (64%) of employers offer on-site benefits to its employees, with more than a third (39%) providing on-site showers or laundry services.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, also found that this fits with a recurring theme in recent years, whereby the trend ...
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ArticleBank of England reports mean gender pay gap of 19.5%
Bank of England has reported a mean gender pay gap of 19.5% for hourly pay as at April 2019.The organisation, which currently has over 4,000 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 ...
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ArticlePension savings have increased by 35% since 2017
The average pension pot in the UK for employees in large firms is now £120,000, a 35% increase from 2017, according to research by Close Brothers.The study of 200 employees, published June 2020, also found that average savings and investments has fallen by 3%.Over the three year period, on average ...
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ArticleThe Stavros Niarchos Foundation rewards 4,600 hospital workers with Covid-19 bonus
The Stavros Niarchos Foundation (SNF) will reward all nurses, doctors and members of cleaning staff with a special payment for working on the front-line in Covid-19 (Coronavirus) wards.The reward will be for all workers across all hospitals in Greece, with the appreciation payment totalling $7.5 million (£6.8 million).The payment will ...
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ArticleMetro Bank hires Carol Frost as chief people officer
Banking organisation Metro Bank has hired Carol Frost as its new chief people officer. Frost has experience as a HR business leader, with a track record of delivering strategic business transformation programmes, and a passion for identifying and developing talent. Previously, Frost has worked as human resources director at Centrica ...
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ArticleEXCLUSIVE: 25% of employers offer share schemes to employees
A quarter (25%) of respondents offer shares or share schemes to staff, while 14% do so purely for executive or senior employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that more than half (59%) did not offer this benefits, while just 2% say ...
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ArticleWalmart rewards front-line employees with $300 bonus
US supermarket chain Walmart will reward its hourly paid employees with an additional bonus to recognise them for their efforts during the Covid-19 (Coronavirus) pandemic.The June 2020 bonus payment, will see full-time employees receive $300 (£242) and part-time employees $150 (£121). Assistant managers in Walmart stores and Sam's Clubs will ...
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ArticleLloyd's reports mean gender pay gap of 23.6%
Insurance organisation Lloyd's has reported a mean gender pay gap of 23.6% for hourly pay as at April 2019.The organisation, which currently has over 65,000 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 ...
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ArticleTransport for London delays bonus payments for senior managers
Transport for London (TfL) has delayed bonus payments for senior managers until 2021 to deal with the financial ramifications of Covid-19 (Coronavirus).Senior employees including area managers, train operators and senior application engineers, with salaries ranging from salaries of £50,000 - £149,0000, will have their bonus payments delayed for 12 months. ...
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ArticleConfessions of a benefits manager: Candid considers pay cuts
You might have noticed that occasionally I step away from benefits to look at compensation instead. I rather like these opportunities. After the complexity of pensions regulation and global healthcare differences, base pay is, well, pretty basic. Or at least it was.Only a couple of months ago, we agreed pay ...
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ArticleThe top 10 most read stories: 18 June - 24 June 2020
The top 10 most read stories on employeebenefits.co.uk between 18-24 June 2020 were: Indeed rewards 10,000 employees with six days of additional leaveUniversity of Cambridge introduces 10% voluntary pay reduction schemeNuffield Health introduces 10% pay cuts and reduces working hours by 20%Citi reports 32.7% mean gender pay gapEXCLUSIVE: 47% of ...
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ArticleDevils Backbone Brewing Company recruits chief hiking officer
Something for the weekend: Devils Backbone Brewing Company is looking to recruit a chief hiking officer (CHO).The organisation is looking for an employee who has a real love for hiking and beer, and will pay the successful applicant to trek the Appalachian Trail, which is located in the Blue Ridge ...
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ArticleConnected Health becomes accredited living wage employer
Home care organisation Connected Health is to increase hourly pay rates for its 220 employees to bring these in line with the Living Wage Foundation recommended by the Living Wage Foundation.This accreditation will see all 220 Connected Health workers receive a minimum hourly wage of £9.30 in the coming months, ...
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ArticleMayo Clinic lifts Covid-19 pay cuts six months earlier than planned
US non-profit healthcare organisation Mayo Clinic will restore 20,000 employees to full pay from 24 June 2020, six months ahead of schedule.Due to the estimated long-term financial ramifications of the Covid-19 (Coronavirus) pandemic, physicians and senior administrators have been a 10% reduction in pay while other salaried employees saw a ...
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ArticleTake part in exclusive healthcare benefits research for a chance to enter prize draw
Has the Covid-19 (Coronavirus) pandemic increased your organisation’s focus on employee health and wellbeing? Do you calculate the return on investment for your healthcare benefits spend? What are the most successful healthcare and benefits strategies?Employee Benefits readers can now have their say by participating in the exclusive Employee Benefits Healthcare ...
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ArticleMurphy returns 4,000 employees to full pay
Engineering and construction organisation Murphy has confirmed it will restore 4,000 employees to full pay from August 2020, following on from a business-wide pay reduction.Due to the financial constraints of the Covid-19 (Coronavirus) pandemic, employees have been receiving a 10% reduction in salary since May 2020, while senior leaders have ...
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ArticleEileen Donnelly: How financial security can impact our wellbeing
Financial security - being and feeling able to make ends meet - is one of the key aspects of a good job and a driver to workplace wellbeing.Which employees are more at risk?While over half of UK households in poverty have at least one person in the household in employment, ...
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ArticleEXCLUSIVE: 73% of employers offer group personal pension schemes
Just under three-quarters (73%) of respondents offer a group personal pension (GPP) scheme for auto-enrolment, making it the most popular type of pension scheme that is offered.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that this has been the most popular pension scheme ...