All Article articles – Page 268
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ArticleNon-taxable counselling services to include related medical treatments
Budget 2020: On 11 March 2020, Chancellor Rishi Sunak announced changes to the tax treatment of welfare counselling services provided by employers to their staff.In his Budget 2020 speech to the House of Commons, Sunak stated that from April 2020 government would be extending the scope on non-taxable counselling services, ...
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ArticleChancellor confirms that IR35 reforms will proceed on 6 April 2020
Budget 2020: Chancellor of the Exchequer Rishi Sunak announced on 11 March 2020 that changes of the off-payroll working rules, known as IR35, will go ahead on 6 April 2020.The off-payroll working rules, introduced in 2000, are used to ensure that an individual working like an employee, but through a ...
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The top 10 most read stories: 5 March- 11 March 2020
The top 10 most-read stories between 5 March and 11 March 2020 were: Wilko abolishes sick pay for retail and distribution staff of less than a yearGovernment to introduce neonatal pay and leave entitlements for working parents
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ArticleOne third of UK organisations do not offer flexible working
Almost one-third (31%) of UK employees are not provided the opportunity for flexible working arrangements by their employers, according to research conducted by Flexioffices.The study of 2,000 UK employees found that 15% would consider leaving their role if a flexible working option was taken away from them.Of the 69% of ...
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ArticleVolkswagen AG rewards employees with €4,950 performance-related bonus
Employees at German automotive manufacturer Volkswagen AG, who are covered by collective bargaining agreements, will receive a performance-related bonus of €3,259.50 (£2,876.47) in their May 2020 pay, taking the total amount for 2019 to €4,950 (£4368.32) gross.Volkswagen AG staff received a bonus of €1,690.50 (£1491.85) with their salary in November ...
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ArticleHow will the Spring Budget 2020 affect pay and benefits?
Chancellor of the Exchequer Rishi Sunak delivered the Spring Budget speech to the House of Commons on Wednesday 11 March 2020. Below is a summary of the key announcements that could impact pay and benefits strategies:National insurance contribution threshold to rise to £9,500 from April 2020National living wage projected to ...
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ArticleSMEs to be reimbursed for statutory sick pay during Coronavirus crisis
Budget 2020: In the 2020 Budget announcement on 11 March 2020, Chancellor of the Exchequer Rishi Sunak announced that small and medium-sized enterprises (SMEs) will be able to claim a refund for statutory sick pay paid in relation to Covid-19 (Coronavirus).As part of temporary legislation aimed at minimising the effects ...
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ArticleNational insurance contribution threshold to rise to £9,500 from April 2020
Budget 2020: Chancellor of the Exchequer Rishi Sunak announced today (11 March 2020) that the national insurance primary threshold for employees will increase to £9,500 from April 2020.The government projects that this will affect approximately 31 million people, saving a typical employee around £104 in the 2020/21 tax year. This ...
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ArticleNational living wage projected to increase to £10.50 by 2024
Budget 2020: Chancellor of the Exchequer Rishi Sunak (pictured) announced today (11 March 2020) that the UK government plans to raise the national living wage to £10.50, or two-thirds of median earnings, by 2024. For this year, Sunak announced an increase of 6.2%, to £8.72 per hour, taking effect from ...
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ArticleGovernment announces reduction of most company car tax rates by 2%
Budget 2020: The government has confirmed a reduction of most company car tax rates by 2% in 2020/21, applicable to cars first registered from 6 April 2020.The benefit-in-kind tax rates will return to planned levels over the subsequent years: by 1% in 2021/22, and 1% in 2022/23. Rates will then ...
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ArticleGovernment to introduce neonatal pay and leave entitlements for working parents
Budget 2020: The government has announced today (11 March 2020) that it will create a new neonatal leave and pay entitlement for working parents.The benefit will be applicable to employees whose babies spend an extended period of time in neonatal care. It will provide up to 12 weeks paid leave ...
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ArticleTapered annual allowance threshold for pension tax relief to increase by £90,000
Budget 2020: Chancellor Rishi Sunak announced today (11 March 2020) that that the tapered annual allowance threshold for pensions tax relief will be increased by £90,000.This means that from 2020/2021, the threshold income will be £200,000; those employees that earn below this level will not be affected by the tapered ...
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ArticleDay-one sick pay to apply to those self-isolating without Coronavirus symptoms
Budget 2020: Chancellor of the Exchequer Rishi Sunak has added to Prime Minister Boris Johnson's announcement that statutory sick pay will, during the Covid-19 (Coronavirus) outbreak, be available to employees from day one. In the UK budget announcement for 2020, which took place today (11 March 2020), Sunak stated that ...
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ArticleSalford-based care workers to receive £9 per hour minimum wage by October 2020
Image Credit: Manchester Evening NewsAnnounced yesterday (11 March 2020), Salford City Council will give more than 300 care employees working in the city a pay increase to at least £9 per hour from 1 October 2020; this ties in with Salford's commitment to work towards care workers receiving the full ...
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ArticleL'Occitane launches global parental leave policy to support working carers
Cosmetics and wellbeing retail organisation L'Occitane has announced the upcoming launch of a global parental leave policy to support working families.The new policy, being initially implemented at the organisation's global headquarters in Switzerland in the coming months, will give primary caregivers a minimum of 20 weeks of paid leave, a ...
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ArticleEXCLUSIVE: Three-quarters of employers feel responsible for staff mental wellbeing
EXCLUSIVE: Three-quarters (75%) of employers feel it is their responsibility to support employee mental wellbeing, according to new research by Group Risk Development (Grid).The survey of 1,165 employees and 500 HR decision-makers, which took place in January 2020, also found that just under half (49%) of employees agreed that the ...
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98% of business leaders seek to improve workplace culture
Improving workplace culture is a top priority for 98% of business leaders, according to research by recruitment specialists, Robert Half UK.The research of 600 C-suit and business leaders in the UK, found that the vast majority of employers are seeking to improve workplace culture, while 28% of business leaders are ...
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Gympass
Gympass offers a customisable fitness network with a flexibility of prices that all employees can enjoy.The benefits for employers?? Boosts physical, mental and financial wellbeing? Reduces absenteeism and presenteeism? Acts as a retention and talent attraction tool? Increases productivity and engagement? The entire activation and engagement process is managed by ...
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ArticleUniversity of Oxford to implement living wage and raise pay for 2,000 employees
The University of Oxford, which employs 17,000 people in total, has signed up to become an Oxford living wage employer, agreeing to give almost 2,000 employees a pay increase.From August 2020, employees will be paid a minimum of £10.21 an hour. This aligns with the university's commitment to creating an ...
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ArticleSir Robert McAlpine introduces enhanced family-friendly benefits
Building and civil engineering organisation Sir Robert McAlpine has introduced a new set of family-friendly policies, aimed at offering better gender parity, as well as flexibility for working carers.Following a successful pilot, the new initiatives came into force from March 2020; they form part of the organisation's goal to be ...