All Article articles – Page 261
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ArticleAon to reduce pay by 20% for 70% of employees
Insurance organisation Aon has temporarily reduced the pay of 70% of employees worldwide, due to the financial constraints of the Covid-19 (Coronavirus) pandemic, effective 1 May 2020.In an open letter to all 50,000 employees, executive officer, Greg Case outlined the organisation's decision to decrease pay by 20% for some of ...
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ArticleDentons asks 1,100 UK employees to work four day week on 80% pay
Global law firm Dentons is asking its 1,100 UK employees to work a four day week or reduced hours for six months, effective 1 June 2020.Due to the the financial constraints of Covid-19 (Coronavirus) pandemic, the new scheme which is voluntary, will see employees' salaries reduced by 20%.Additionally, partner distributions ...
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ArticleMandy Garner: How can employers support working parents during the Covid-19 crisis?
The Covid-19 (Coronavirus) pandemic has thrown up multiple challenges for parents, both those who are still able to go to work and those who have to work from home.For those having to work around childcare or homeschooling, the most important thing is an empathetic employer that understands the stresses and ...
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ArticleJane van Zyl: How can employers support working parents during the Covid-19 crisis?
For parents with children at home due to Covid-19 (Coronavirus) school closures, working from home is anything but 'business as usual'. On top of their normal jobs, many working parents now have the added pressures of helping their children with schoolwork, keeping the whole family mentally and physically healthy, and ...
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ArticleSally Tomlinson: How can employers support working parents during the Covid-19 crisis?
Given the closure of schools and nurseries, the majority of working parents will be facing the issue of having to juggle their work with their childcare and home-schooling responsibilities.Employers are encouraged to be flexible and accommodating in their approach in these unprecedented times so as both to support the challenges ...
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ArticleKaren Brookes: How can employers support working parents during the Covid-19 crisis?
Most successful businesses put their employees at the very heart of operations. After all, it is the people, as well as the organisation’s operations, that combine to make up organisational culture.Inevitably, then, Covid-19 (Coronavirus) presents every employer with huge challenges, not just in how to support employees and pull through ...
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ArticleShearman and Sterling offers 2,066 employees sabbatical leave on 30% pay
Global law firm Shearman & Sterling is offering all of its 2,066 global employees a sabbatical on 30% pay during the Covid-19 (Coronavirus) pandemic. Employees that choose to take on this new benefit will be able to take up to three to six months off work.This is the first measure ...
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ArticleThe Pensions Regulator advises DB pension members to not move funds during Covid-19
The Pensions Regulator (TPR) has issued guidance advising trustees to send defined benefit (DB) members, looking to move their retirement funds, a letter warning them of the risks during the pandemic, urging them to make their decisions carefully.Since 2015, many members have taken advantaged of the flexible DB schemes offered ...
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ArticleOutsourced cleaners at Lewisham Hospital receive pay rise
Cleaners at Lewisham Hospital, who are employed by private outsourcing company ISS, will receive an hourly pay rise, effective immediately.The new hourly rate will see employees' pay increase in line with the London Living Wage of £10.55 per hour. Employees will also see their pay backdated to February 2020.Helen O’Connor, ...
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ArticleGovernment suspends pension tax charges for retired NHS staff returning to work
The government will temporarily suspend pension tax charges for all retired NHS employees who decide to work during the Covid-19 (Coronavirus) pandemic.This is to ensure that there are not any significant tax charges to employees' pension income for retired individuals due to their change in circumstances, especially those aged 50 ...
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ArticleGovernment introduces £60,000 life assurance scheme for front-line healthcare workers
Front-line health and care employees in England will be covered by a life assurance scheme that financially benefits their family if they die due to Covid-19 (Coronavirus).On 27 April 2020, the government announced bereaved family members will receive £60,000, totaling approximately double the average pensionable pay for NHS employees.The government ...
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ArticleNorthern Ireland health and social care staff receive 3.3% pay rise
Agenda for Change employees in Northern Ireland will receive a 3.3% pay rise, backdated to 1 April 2019.The pay rise is part of the Agenda for Change pay frameworkwhich was announced by Robin Swan, minister of health, in January 2020, in a bid to restore pay parity with England.Agenda for ...
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Article21% of UK employers have introduced special pay for front-line staff
One in five (21%) of UK businesses have, or are considering, implementing special pay policies for essential employees, according to research by insurance organisation Aon.The survey of 1,889 organisations worldwide published 23 April 2020, also found that one-quarter (25%) of businesses in Europe have introduced special pay for front-line employees, ...
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ArticlePrezzo gives 3,000 employees early access to furlough pay
Italian restaurant chain Prezzo is offering all of its 3,000 employees early access to furlough pay during the Covid-19 (Coronavirus) pandemic. The restaurant chain has chosen to make the early pay benefit available to its employees through income streaming service, Wagestream to help them cope with any unprecedented financial situations ...
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ArticleTransport for London furloughs 7,000 staff on full pay
Transport for London (TfL) will place 7,000 employees on furlough with 100% pay, effective immediately.The transport business, which has approximately 28,000 employees, is furloughing around 25% of its workforce whose jobs have been drastically reduced or paused due to the ramifications of the Covid-19 (Coronavirus) pandemic.The government’s job retention scheme ...
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ArticleFurloughed employees to receive full parental leave pay entitlements
Employees planning to take paid parental or adoption leave whilst on furlough will be entitled to full pay based on their usual earnings rather than a furloughed pay rate.Announced by the government on 24 April 2020, the changes ensures that all employees intending to take time off following the birth, ...
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ArticleCMS splits bonus payments and defers salary reviews for 3,500 staff
International law firm CMS is deferring bonus payments and annual salary reviews for 3,500 employees to remain financially secure during the Covid-19 (Coronavirus) pandemic.The organisation has made the decision to split partner bonuses in two: 50% will be paid in July 2020, while the remaining 50% will be paid in ...
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ArticleNorthern Ireland teachers to receive 2.25% pay rise in September 2020
Northern Ireland teachers will receive an increase to their salaries in September 2020, following on from an agreement with Northern Ireland union parties.The new deal commits to a significant increase in teachers salaries. The 2.25% pay increase for all teachers will be backdated for 2017-2018, and a further 2% pay ...
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ArticleBGC, XPO and Northwell Health reward staff with appreciation bonuses
Brookshire Grocery Company (BCG), XPO Logistics and Northwell Health have awarded employees appreciation bonuses. for their hard work during Covid-19 (Coronavirus).Texas-based supermarket retailer BGG is giving its 14,000 retail employees an additional special bonus instalment, equalling half a week's pay. This is the second bonus paid to employees, with the ...
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ArticleThe top 10 most read stories: 16 April - 22 April 2020
Rolls-Royce asks furloughed staff to swap four days leave to receive full payEmployee files formal complaint against cat when working from homeAshurst defers 50% of bonus payments for 2,800 employeesGovernment job retention scheme extended to support new staffPaul Hastings offers 1,600 employees access to Covid-19 hardship fundGrant Thornton reduces ...