All Employer news articles – Page 39
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ArticleDeutsche Bank completes £1.1 billion full pension buy-in
Deutsche Bank has completed a £1.1 billion full buy-in for its UK pension scheme. The scheme is sponsored by a subsidiary of Deutsche Bank and is a client of Legal and General’s asset management division. The buy-in secures the benefits of around 4,000 members. LCP was lead ...
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ArticleBritish Society for Immunology to pilot four-day week
The British Society for Immunology (BSI) has announced that it will take part in a four-day working week pilot for six months, starting on 4 November. During the pilot, which was approved by the board of trustees in July, participating BSI staff will be able to choose ...
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ArticleFDM Group reports -2.5% mean gender pay gap for 2024
Source: T. Schneider / Shutterstock.com Global business and technology consultancy FDM Group has reported a -2.5% mean gender pay gap for 2024, compared to -7.6% the previous year. The employer’s median gender pay gap was -5.1%, versus -4.3% in 2023. Its mean bonus gap for 2024 was ...
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ArticleBoosst transitions to employee ownership trust
Financial planning firm Boosst has transitioned to an employee ownership trust (EOT) in order to ensure its long-term independence and commitment to its clients and employees. Owners Keith and Linda Butten, and managing director Josh Butten, have transferred 100% of their shares to the EOT and have ...
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ArticleRAC completes £1.3 billion pension buy-in
Source: Andrew Harker / Shutterstock / 1819817303 Vehicle breakdown cover provider RAC has completed a £1.3 billion full-scheme pension buy-in for its 2003 pension scheme. The full scheme buy-in insures £1.3 billion of liabilities and secures benefits for around 19,000 of the scheme members. The transaction, which ...
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ArticleScotRail becomes endometriosis-friendly employer
Source: From Shutterstock / 698624737 Scottish train network ScotRail has become an endometriosis-friendly employer scheme as part of its pledge to support its employees impacted by the condition. Through the scheme, which is run by charity Endometriosis UK, the employer will improve its support for its affected ...
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ArticleTransUnion UK pledges to become menopause-friendly employer
TransUnion UK, a global information, insights and credit reference agency, has pledged to become a menopause-friendly employer to build on existing support for employees. Its commitment enables the agency to access Menopause Friendly’s monthly webinars on menopause-friendly employer accreditation pillars, specialist masterclasses, access to a library of ...
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ArticleFather awarded £20,000 after gossip about his flexible working
A man has won more than £20,000 in a claim for sex-based harassment after his colleagues ‘gossiped’ about him working flexible hours. Courtney Rawlins worked for parcel delivery service DPD as a driver, and made a request for flexible working ahead of the birth of his daughter, ...
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ArticleAttractionTickets.com searches for theme park tester at Universal Orlando Resort
Credit: AttractionTickets / Universal Orlando Something for the weekend: If you’re a self-confessed adrenaline junkie, who could ride roller coasters all day long, then the role of theme park tester at Universal Orlando Resort’s new Epic Universe Park could be for you! To celebrate tickets for its ...
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ArticleEngland, Wales and Northern Ireland social workers and council staff accept pay rise
Social workers and other council staff across England, Wales and Northern Ireland have accepted a pay rise for the 2024-25 year, which will be backdated to April. The deal applies to staff working in councils covered by the National Joint Council for Local Government Services, including the ...
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ArticleSapphire rewards contractors with employee ownership bonuses
Source: From Sapphire Manchester-based contracting and accounting firm Sapphire is to distribute employee ownership bonuses worth £350,000 to its umbrella contractors. The total will be awarded to contractors who have worked for the firm for more than a year, as part of its commitment to rewarding the ...
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ArticleReal living wage rate to increase to £12.60
Source: Shutterstock The Living Wage Foundation has announced an increase in its real living wage rate to £12.60 across the UK, and £13.85 in London. More than 15,000 employers across the UK are signed up to pay the new rates for almost half a million employees. The ...
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VideoWatch Employee Benefits’ webinar: Embedding empathy in recognition
Source: Shutterstock Employee Benefits’ webinar, Embedding empathy in recognition: Getting to the heart of workplace engagement, sponsored by Boostworks, is now available to watch on demand. The webinar was broadcast on 22 October at 11.00am. Debbie Lovewell-Tuck, editor of Employee Benefits, was joined by Jo Werker, chief ...
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ArticleLVMH launches international employee share plan
Source: LVMH Group Luxury goods brand Moët Hennessy Louis Vuitton (LVMH) has launched an employee share plan for 70% of its global workforce. The scheme, LVMH Shares, will run in 11 locations in Europe, North America and Asia. Eligible employees will receive a matching contribution of shares. ...
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Article44% of employers see 0-25% take up of mental health benefits
Employee Benefits poll: Just over two-fifths (44%) of employers have noted a take up of mental health benefits of between 0-25%, according to a survey of Employee Benefit readers. Nearly a quarter (22%) revealed they have seen a take up of 51-75%, and a further 11% reported ...
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OpinionJames Townsend and Elizabeth Coyle: Dealing with equal pay tribunals
On 22 August 2024, an employment tribunal held that Next discriminated against more than 3,500 female store staff by paying them lower hourly wages than male warehouse operatives. Sales consultants received lower pay of up to £3 per hour, meaning their average annual salary differential was more ...
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ArticleStockport NHS Foundation Trust receives menopause-friendly employer accreditation
Stockport NHS Foundation Trust has been accredited as a menopause-friendly employer, in recognition of the support it offers to its staff. The accreditation, awarded by Henpicked: Menopause in the Workplace, recognises the high standards and practices implemented by employers to support staff experiencing menopause. In achieving the ...
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ArticleNHS staff in Wales approve 5.5% pay deal
Source: Shutterstock NHS staff in Wales, who are members ot trade union Unite, have approved the government’s proposal of a 5.5% pay increase for 2024/25. According to Unite, the pay deal needs to signal the start of pay restoration and the proper valuing of NHS staff. Mark ...
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AnalysisHow to review a pensions contribution structure
Source: Andrii-Yalanskyi/Shutterstock Employers should review DC pension contribution structures to keep employee incentive and remuneration packages relevant as well as keep up-to-date with legislation. Contributions may need to be restructured or harmonised to take account of legacy systems, as well as reviewing gender ...
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Case StudiesWolseley Group moves to master trust following pension scheme review
Source: Wolseley Group The Wolseley Group moved its pension to a master trust arrangement following a review of its £230 million defined contribution (DC) scheme. The group, which specialises in plumbing, heating, cooling and infrastructure, has more than 13,000 members in its pension. The organisation switched from ...