All Article articles – Page 49
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ArticleBuyer's guide to home technology schemes
What are home technology schemes? A home technology scheme allows employees to purchase a new piece of technology and spread the cost through monthly payments. Employees are able to purchase things like smartphones, tablets, televisions, smart watches and fitness trackers, as well as large and small domestic ...
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ArticleSSP Group hires Ann-Marie Murphy as chief people officer
Multinational contract foodservice firm SSP Group has appointed Ann-Marie Murphy as its new chief people officer.Murphy will take up the role early next year. She will join from The Gym Group, where she has worked since 2018, initially in the role of director of people and development, later as chief ...
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ArticleCoty extends global parental leave policy
Image credit: Konektus Photo / Shutterstock.comGlobal beauty firm Coty is to extend its global parental leave policy which will allow all employees to take a minimum of 14 weeks, fully paid, regardless of gender.Coty’s gender-neutral parental leave policy was first established in 2022 and offered all employees access to the ...
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ArticleOdfjell Technology drillers accept pay deal
More than 80 offshore drillers working for Odfjell Technology have settled a pay and conditions dispute over work on TAQA installations.The revised pay deal, secured by trade union Unite, will increase basic salaries by 8% and will be backdated to 1 June 2023. It was accepted by 77% of Unite’s ...
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ArticleHigh-earning women express concern over unequal pay
High-earning female employees believe they are likely to experience gender inequality in the workplace and unequal pay, according to research by law firm Stewarts.Its survey of 2,000 working women in the UK found that 39% of women earning over £75,0000 per annum expressed greater concern about unequal pay compared to ...
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ArticleBrake Brothers staff secure pay deal
More than 400 employees at food distributors Brake Brothers have accepted a pay deal of between 19.3% and 23.2% increases on the basic hourly wage.Trade union Unite worked with its members to secure the pay deal, worth over £6,000, for Brake Brothers warehouse workers and distribution drivers based at Newhouse ...
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ArticleAskews and Holt Library Services completes £11m pensions buy-in
Askews and Holt Library Services has completed an £11 million pensions buy-in deal.The transaction with Legal and General, which was made possible by a discretionary one-off contribution from the employer, covers 64 pensioners and 22 deferred members. The scheme will now proceed to a full buy-in and wind up.Broadstone provided ...
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ArticleCumberland Building Society launches neurodiversity toolkit
The Cumberland Building Society has launched a neurodiversity toolkit to help inform its workforce about neurodiversity and the challenges neurodiverse individuals face both in the workplace and day-to-day life.The toolkit includes stories of neurodiverse colleagues, information about the strengths and challenges of neurodiverse conditions and the benefits of neurodiversity in ...
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Article53% of employers do not think the living pension meets basic retirement needs
Employee Benefits poll: More than half (53%) of organisations do not think the living pension goes far enough to support employees in building a pension pot that meets basic retirement needs, according to a survey of Employee Benefits readers.One-third (33%) said they did think the living pension goes far enough ...
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Poll: Do you think the pension pot-for-life plans announced in the Autumn Statement will help employees to manage their pension?
Take part in our latest readers’ poll on a current topical issue. Last week, Employee Benefits reported that Chancellor of the Exchequer Jeremy Hunt announced plans to offer a pension pot for life in the Autumn Statement 2023.This will give employees a legal right to require a new employer to ...
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ArticleApple, Microsoft and UKG named World’s Best Companies of 2023
Tech firms Apple and Microsoft, and HR, payroll and workforce management solutions provider UKG have been named as some of the World’s Best Companies of 2023 by Time magazine.To determine the list, Time partnered with Statista and evaluated firms based on employee satisfaction, revenue growth and sustainability. Surveys were conducted ...
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ArticleFoster Denovo Group acquires employee benefits arm of Punter Southall Aspire
Foster Denovo Group has agreed to acquire Punter Southall Aspire’s employee benefits business.Signed on 16 November, the deal is set to complete by the end of the year. The businesses will combine under Foster Denovo’s employee benefits division Secondsight.The transaction will see 56 Punter Southall staff, led by current managing ...
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ArticleIAG Loyalty launches financial wellbeing support for staff
Customer loyalty programme provider IAG Loyalty has introduced new financial wellbeing support for its more than 600 employees?as part of a drive to expand wellbeing assistance.Provided by AI-powered household money-saving tool Nous.co, the support is offered to IAG Loyalty employees through a subscription. The platform manages services including energy, mortgages, ...
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ArticleNewton hires Helen Beurier as chief people officer
Management consultancy Newton has appointed Helen Beurier as chief people officer and partner to further strengthen its leadership team.Beurier will assume her new role in January 2024 and will become a member of Newton’s senior executive team and board. Responsible for driving its people agenda forward by developing global organisational ...
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ArticleShell UK reports -31.4% to 38.9% mean ethnicity pay gaps
Shell UK has reported mean ethnicity pay gaps for 2023 that range from -31.4% to 38.9%, compared to -5.% to 36.2% in 2022.The energy firm calculates its ethnicity pay gaps using six ethnic groups.For mixed and multiple ethnic groups, the mean and median ethnicity pay gaps were 26.3% and 30.7% ...
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ArticleVirgin Money reports 26.4% mean hourly gender pay gap
Virgin Money has reported a 26.4% mean hourly gender pay gap for 2023.This is lower than its 32.5% gap for hourly fixed pay at April 2017 and 36% in April 2016.The financial services firm’s median hourly pay gap was 34.6%, with 61.2% of males and 38.8% of females in its ...
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ArticleBoots completes £4.8 billion pension scheme buy-in
Credit: Martin Good / Shutterstock.comRetailer Boots has completed a £4.8 billion pensions buy-in.The transaction with Legal and General will secure the benefits of all 53,000 retirees and deferred members of the scheme. This buy-in begins the conclusion of a de-risking process that the scheme first embarked on in 2001.Aon acted ...
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Boots completes £4.8 billion pension scheme buy-in
Retailer Boots has completed a £4.8 billion scheme buy-in for its pension scheme.The transaction with Legal and General will secure the benefits of all 53,000 retirees and deferred members of the scheme. This buy-in begins the conclusion of a de-risking process that the scheme first embarked on in 2001.Aon acted ...
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ArticleThe top 10 most-read articles between 17 - 23 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 17 - 23 November 2023 were: UK Supreme Court rules Deliveroo riders are not workersNational living wage to increase in April 2024Exclusive: Unum UK introduces exercise and wellbeing benefit for staff42% of employers plan to reduce flexibility for staff in 2024Tribunal rules ...
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ArticleMaths, Business and PE GCSEs result in higher lifetime earnings
Something for the weekend: We often hear of the impact higher education qualifications can have on earnings potential, but it appears that selecting certain GCSE subjects could also give salaries a boost in later life, according to research by online tutoring service Tutor House.Its analysis of the Office for National ...