All Article articles – Page 263
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ArticleConfessions of a benefits manager: Candid looks at tax-effective benefits
You would think in these difficult times, the executive team would have more important things to think about, but their self-interest is immune. One of the guys in C-suite has asked us to focus on making executive benefits more tax-effective. Well, that’s not exactly what he said; in fact, he ...
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ArticleEmployee files formal complaint against cat when working from home
Something for the weekend: Working from home with pets can be a distracting time for many, so much so that a written complaint has been logged in one particular household.Andrew and Sheila, who have been regularly working from home since the Covid-19 (Coronavirus) pandemic, have been experiencing some blatant distractions ...
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ArticleThe top 10 most read stories: 9 April - 15 April 2020
The top 10 most read stories between 9 April and 15 April 2020 were: Kuehne and Nagel to furlough 13,000 employees on a minimum of 90% pay27,000 Porsche employees receive profit-sharing bonusTPR publishes pension guidance for employers during Co Daily Mail and General Trust offers 2,400 employees shares to avoid ...
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ArticleThe Financial Times decreases pension contribution payments by 50%
British daily newspaper The Financial Times is to halve its customary pension contributions, due to the financial strain of the Covid-19 (Coronavirus) pandemic.The organisation has chosen to decrease its pension contributions by temporarily matching employee pension contributions, instead of its usual practice of double matching staff contributions.Additionally, its top 80 ...
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ArticlePaul Hastings offers 1,600 employees access to Covid-19 hardship fund
Global law firm Paul Hastings has launched a special fund to financially support any of its 1,600 employees needing assistance during the Covid-19 (Coronavirus) pandemic.The fund, which is part of the organisation's PH balanced initiative, has been generated through donations by employees, which have been matched by Paul Hastings.These grants ...
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ArticleGovernment job retention scheme extended to support new staff
Newly hired employees may now be eligible to receive support through the government's Covid-19 (Coronavirus) job retention scheme.The government's new guidelines, published on 15 April 2020, extend the eligibility date by a further three weeks, enabling employees who were employed on or before 19 March 2020 to receive financial support. ...
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ArticleNZ Prime Minister and public service chief executives take 20% pay cut
New Zealand Prime Minister, Jacinda Ardern alongside government ministers and public service chief executives, will take a pay cut for the next six months to deal with the impact of Covid-19 (Coronavirus) pandemic.The members involved will receive a pay cut of 20% to acknowledge the number of employees in New ...
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ArticleVermont front-line employees to receive $1.50 hourly pay rise
Front-line employees under the state of Vermont in the United States will receive a pay rise of $1.50 (£1.20) to reward them for their efforts during the Covid-19 (Coronavirus) pandemic.This pay rise will specifically apply to those working within the health service facilities, correctional facilities, the juvenile rehabilitation centre, and ...
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ArticleDay-one company sick pay for 20,000 Transport for London bus drivers
20,000 Transport for London (TFl) bus drivers will receive organisational sick pay from day one, if they either fall ill or have to self-isolate.Following talks between TFl and trade union Unite, the new agreement means that employees will not feel pressured to make a decision between being paid or not ...
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ArticleDevon County Council social care workers to receive 12.8% pay rise
Devon County Council has announced it will be rewarding social care employees working under its jurisdiction, a 12.8% pay rise due to the increasing demands of the Covid-19 (Coronavirus) pandemic.The social care workers, who are currently on the national minimum wage of £8.72, will receive a pay rise of a ...
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ArticleStaff eligible for job retention scheme if organisation faces liquidation
Employees whose organisation faces administration during the Covid-19 (Coronavirus) pandemic could still be eligible for the government's job retention scheme.According to government guidelines updated on 9 April 2020, an administrator will now be able to pursue the job retention scheme for the organisation's employees if there is a likelihood of ...
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ArticleTPR publishes pension guidance for employers during Covid-19
The Pensions Regulator (TPR) has updated its automatic-enrolment guidelines to assist employees during the Covid-19 (Coronavirus) pandemic. The new guidance ensures that employees' pensions are fully protected and employers are supported if they need to make any difficult decisions.The guidance also provides further information for employers about maintaining pension contributions.Despite ...
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ArticleScottish social care employees to receive 3.3% pay increase
Social care employees in Scotland will receive a pay rise of 3.3%, backdated to 1 April 2020.The increase, agreed between the Scottish Government and Convention of Scottish Local Authorities (COSLA), is set to support social care employees and reward them for their hard work during the Covid-19 (Coronavirus) pandemic.Social care ...
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ArticleZurich reduces mean gender pay gap from 22.8% to 20.7%
Insurance organisation Zurich has reduced its mean pay gap from 22.8% to 20.7% in 2018, and has seen its median gap also reduce from 22.6% to 20.2% in 2019.The gender pay gap reporting regulations require organisations with 250 or more employees to publish the differences in mean and median hourly ...
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ArticleDaily Mail and General Trust offers 2,400 employees shares to avoid pay cuts
Daily Mail and General Trust (DMGT,) parent organisation to DMG Media, has offered 2,400 employees shares within the business.The senior management team is offering this alternative approach to employees working within its group of businesses including Daily Mail, Metro, and MailOnline, to avoid making redundancies or furloughing employeesEmployees earning £40,000 ...
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ArticleKuehne and Nagel to furlough 13,000 employees on a minimum of 90% pay
Transport organisation Kuehne and Nagel will ensure that 13,000 employees receive in a minimum of 90% of their pay during the Covid-19 (Coronavirus) pandemic.Following talks with trade union Unite, the organisation confirmed that employees who earn £20,000 or below will receive full pay while furloughed, and employees who earn under ...
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Article27,000 Porsche employees receive profit-sharing bonus
Car manufacturer Porsche is giving its 27,000 German employees a bonus, to reward their efforts for 2019.Employees will receive €9,000 euros (£7,887) in their April 2020 pay based on their efforts during the 2019 financial year, while an extra €700 (£613) will be made available as a special contribution towards ...
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ArticleHerbert Smith Freehills splits bonus payment for 5,000 employees
International law firm Herbert Smith Freehills (HSF) will split its bonus payments annually paid to its 5,000 employees due to the financial constraints of operating during the Covid-19 (Coronavirus) pandemic.The bonus, normally paid in full to employees in July, will be split into two increments; 50% being paid in July, ...
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ArticleWalmart Canada pays 90,000 employees appreciation bonus
Supermarket retailer Walmart Canada is rewarding 90,000 employees an appreciation bonus to recognise the efforts of full-time and part-time employees during the Covid-19 (Coronavirus) pandemic.To thank store and supply chain employees, Walmart paid full-time employees a $200 bonus, and part-time employees a $100 employees along with their March pay.Additionally, the ...
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ArticleStena Line to furlough 600 employees on full pay
Swedish ferry organisation Stena Line will furlough 600 employees on full pay, due to the ongoing Covid-19 (Coronavirus) pandemic.Announced on 6 April 2020, the organisation confirmed that it had to make tough decisions to cut costs and ensure supply lined to UK and Ireland are protected.Stena Line confirmed that all ...