All Article articles – Page 286
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ArticleGoldman Sachs offers financial help for fertility treatment to 36,000 employees globally
Global investment bank Goldman Sachs has announced a number of enhancements to its benefits programme, including stipends for egg retrieval and egg donation, available to all of its 36,000 global employees effective from 1 November 2019.With this new benefit, employees will be able to access a stipend to recoup the ...
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Article
Goldman Sachs offers financial help for fertility treatment to 36,000 employees
Global investment bank Goldman Sachs has announced a number of enhancements to its benefits and wellness programmes including stipends for egg retrieval and egg donation available to all of its 36,000 employees.The organisation has been supporting employees for over ten years by reimbursing costs of adoption and surrogacy up to ...
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Article
Goldman Sachs offers 36,000 employees financial help for fertility treatment
Global investment bank Goldman Sachs has announced a number of enhancements to its benefits and wellness programmes including stipends for egg retrieval and egg donation available to all of its 36,000 employees,The organisation has been supporting employees for over ten years by reimbursing costs of adoption and surrogacy up to ...
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ArticleCaring responsibilities lead to 47% reduction in women's pension savings
Being unable to work due to maternity leave and taking time off to raise a family results in a 47% reduction in women's pensions compared to men's; this is considerably higher than the 28% reduction in pension pots caused by the gender pay gap, according to research by Now: Pensions.The ...
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ArticleEmployees at Mayfair club 5 Hertford Street vote for strike action over pay
Kitchen porters working at exclusive private members' club, 5 Hertford Street, have voted unanimously for strike action in a dispute over pay, following a 90% turnout. The employees, all of whom are migrant workers and are represented by the Independent Workers Union of Great Britain (IWGB), are asking to be ...
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ArticleWorcester Bosch signs Time to Change Pledge as part of ongoing mental health strategy
Boiler manufacturer Worcester Bosch announced yesterday (4 November 2019) that it is supporting the Time to Change Employer Pledge as part of its mental health strategy.The organisation, which has headquarters in Worcester and a manufacturing plant in Clay Cross, Derbyshire, aims to raise awareness of mental illness and educate its ...
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ArticleBoots pharmacists to receive a pay increase of up to 2%
Approximately 6,500 pharmacists working at health and beauty retailer and pharmacy Boots will receive a pay rise of up to 2% in November 2019. The pay increase comes after a series of negotiations between Boots Management Services and the Pharmacists' Defence Association Union (PDAU).Eligible individuals include: pre-registration pharmacists; pharmacists, including ...
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ArticleAsda announces 18p hourly pay increase for 120,000 employees
Supermarket retailer Asda has announced that it will be increasing the hourly pay rate for its 120,000 retail employees to £9.18 per hour.This is an increase of £0.18 from the £9.00 per hour rate which came into effect on 3 November 2019, itself an increase from £8.84, introduced on 1 ...
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ArticleDisability pay gap in the UK stands at 15.5% for 2019
The current disability pay gap for employees in the UK stands at 15.5%, according to research by the Trades Union Congress (TUC).The Disability employment and pay gap 2019 report, which based its findings on 3,933,503 disabled men and women in employment in the UK, also found that these employees earn ...
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ArticleDebbie Lovewell-Tuck: Putting pensions in prime position
As our Pensions Week draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.A pension is arguably one of the most important benefits in an organisation’s package. Yet, despite representing the largest proportion of an employer’s ...
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ArticleVodafone to equalise parental leave benefit across all 24 locations globally
Telecommunications provider Vodafone is to roll out an update to its global parental leave policy, offering all employees 16 weeks of fully paid leave.The new leave offering, which was announced on 31 October 2019, will be available to all of Vodafone’s employees, of which it has approximately 99,000, across 24 ...
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ArticlePerega becomes employee-owned as part of corporate rebrand
Civil and structural engineering consultancy Perega has become employee-owned, after rebranding and changing its name from Thomasons as part of a move to overhaul its corporate brand identity, which includes strengthening its focus on employees and clients.Perega announced on 18 October 2019 that it had to an employee ownership trust ...
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ArticleAmazon pilots virtual healthcare service for US employees
Online retailer and technology organisation Amazon is piloting a virtual healthcare service, Amazon Care, for its US employees, with a view to ultimately making it available to all 650,000 employees enrolled in an Amazon health insurance plan.The primary care service, which is currently being tested by a group of Seattle-based ...
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ArticleThe top 10 most read stories: 24-30 October 2019
The top 10 most read stories on www.employeebenefits.co.uk between 24 and 30 October 2019 were: Aviva completes £1.7 billion pension scheme buy-inMerseyside-based Matalan staff vote to accept 4.6% pay increaseBarclays, John Lewis and Royal Mail sign new mental health commitmentStandard Life Aberdeen to launch enhanced parental leave for 4,500 UK ...
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ArticleSunny Bird PR employee uses perk allowance for free lunchtime Botox
Something for the weekend: Communications agency Sunny Bird PR provides its seven employees with an allowance each month, on top of salary, to spend on perks as they see fit, which has seen one employee plump up her reward package with free Botox injections.Sunny Bird PR provides staff with £100-worth ...
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ArticleUK Power Networks enlists Olympic kayaker to promote staff wellbeing
Electricity provider UK Power Networks has launched a series of events aimed at energising employees and boosting wellbeing, with the help of two-time Olympian and six-time world champion, Anna Hemmings. The organisation, which has 6,200 employees across London, the South East and East of England, held the first event in ...
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ArticleMike Osbourn Lawn Care ordered to pay $100,000 for wage violations
A US lawn service organisation based in Kentucky, Mike Osbourn Lawn Care, has been ordered to pay $100,000 (£77,184) in back wages, damages and penalties to 69 employees, after an investigation by the US Department of Labor’s Wage and Hour Division (WHD) discovered the organisation was violating federal law.The US ...
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ArticleRate of mothers returning to work has risen by 9.1% since 2000
The rate at which women in the UK are returning to work once becoming mothers has risen by 9.1% since 2000, according to research by the Office for National Statistics (ONS).The report, Families and the labour market, UK: 2019, released on 24 October 2019, also found that three-quarters (75%) of ...
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ArticleEXCLUSIVE: Three-fifths have increased focus on mental wellbeing over the last year
EXCLUSIVE: In 2018, 45% of employers intended to place an increased focus on mental wellbeing support; a year on, 60% have actually done so, according to research by Employee Benefits.The Employee Benefits/Health Shield Healthcare research 2019, which surveyed 202 HR decision makers and influencers, also found that a further 50% ...
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ArticleHSBC India introduces enhanced childcare allowance benefit for 4,000 employees
Financial organisation HSBC India has introduced enhanced childcare benefits for employees returning to work after having a baby, as a part of its approach to supporting and improving staff work-life balance.The organisation, which employs more than 4,000 staff in India, introduced the policy in September 2019. The new initiative will ...