All Employer news articles – Page 68
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ArticleIncreasing minimum pension contributions to 12% could boost savings by £95,530
Increasing minimum pension contributions under auto-enrolment from 8% to 12% could result in additional contributions of £10 billion a year in the UK, according to research by Phoenix Group and WPI Economics.The long-term savings and retirement business and economic consultancy’s report Falling behind the curve, which models the cost to ...
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ArticleBNP Paribas Real Estate reports 23% mean hourly ethnicity pay gap
Credit: JeanLucIchard / Shutterstock.comBNP Paribas Real Estate has reported a 23% mean hourly ethnicity pay gap for the 2022/2023 year, in its first combined gender and ethnicity pay gap report.The firm’s mean hourly pay rate for white employees was £30.08, while for other ethnic groups it was £23.18. Its median ...
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ArticleLexmark completes £46 million pension buy-in
Credit: JHVEPhoto / Shutterstock.comPrinter and image product manufacturer Lexmark has completed a £46 million pension buy-in for its UK division's pension scheme.The deal, which was carried out with insurance and financial services Canada Life and pensions administration, investments and employee benefits provider Broadstone, secures the benefits of all 177 plan ...
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OpinionNick Hurley and Annie Green: The impact of dropping the real living wage pledge
Earlier this year, Brewdog announced that due to trading losses and financial instability, it will drop its real living wage pledge from April onwards. While many employers will have suffered similar financial difficulties as a result of the cost-of-living crisis, the business’ decision to pull out of the real living ...
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Article51% of employees want their employer to invest more in sustainability
Half (51%) of employees want to see their employer invest more in sustainability, rising to 61% among younger workers aged 18-34, according to research by employee benefits technology provider Zest.Its survey of 2,000 employees and 500 HR decision makers also found that more than half (53%) of respondents would like ...
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ArticleMichelin guarantees global living wage and enhances parental and healthcare benefits
Credit: ricochet64 / Shutterstock.comTyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits.As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin ...
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AnalysisFiscal drag: how can employers offset the challenges of a difficult economy?
The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result.Employers should ask employees about their financial pressures to understand how to support them.A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag.In his ...
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Supplier articleEmpowering employees to engage with their pension – new research revealed
According to new research* from WEALTH at work of over 2,000 working adults with a defined contribution workplace pension, nearly half (49%) said they were unaware of what their pension is invested in.There seems to be a general lack of pension understanding with 29% unaware that their ...
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ArticleSingapore to roll out flexible work arrangement guidelines
The Singapore government has announced that it will roll out flexible work arrangement (FWA) guidelines for employees as of 1 December.The mandatory guidelines, which were devised by the Tripartite Workgroup, will set out how employees should request for FWAs and use them, and how employers and supervisors should handle requests. ...
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Article40% of women say lack of health support negatively impacts careers
Two-fifths (40%) of women believe their professional career development has been negatively impacted due to a lack of women’s health support in the workplace, according to new research.Healthcare provider Benenden Health surveyed 5,000 female employees and 1,000 business owners for its latest report. When asked how their health challenges had ...
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ArticleQuilvest Capital Partners appoints new global head of human resources
Private equity firm Quilvest Capital Partners has appointed Richard Berke as its new global head of human resources, based in London.In his new role, Berke will be responsible for the firm’s HR department, steering all facets of HR strategy and operations to not only support its growth but also to ...
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ArticleScottish Environment Protection Agency and FTI Consulting shortlisted for Best financial wellbeing strategy – small employer
Scottish Environment Protection Agency and FTI Consulting have been shortlisted for Best financial wellbeing strategy – small employer at the Employee Benefits Awards 2024.The financial wellbeing category recognises the work of employers that have taken a proactive approach to their employees’ financial needs and support their staff to make positive ...
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ArticleMyerscough College employees accept pay rise
Workers employed by Myerscough College Lancashire have accepted a 6.5% pay rise backdated to 1 January 2024 following ongoing strike action.The employees, who are members of the University and College Union (UCU), will also receive a further 1% rise from Monday 1 July. The deal includes a commitment to award ...
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ArticleBountii searches for Apple Vision Pro VR Headset tester
Something for the weekend: Voucher code website Bountii has begun searching for someone to trial and test the Apple Vision Pro Virtual Reality (VR) Headset before its UK release, and get paid for the privilege.The successful candidate will be paid £60,000 to wear the headset for eight hours a day ...
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ArticleThe top 10 most-read articles between 12 - 18 April 2024
The top 10 most-read articles on employeebenefits.co.uk between 12 - 18 April 2024 were: American Express and Unum UK among best employers for health and wellbeingThorntons enhances inclusive family-friendly policies40% of UK staff would choose a job with lower salary but generous benefitsExclusive: National Deaf Children’s Society introduces cancer support ...
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ArticlePublic trust in pensions industry increases for fourth consecutive year
Public trust in the pensions industry has increased for the fourth consecutive year, according to research by third-party pensions administrator Trafalgar House.Its annual Trust and confidence index, which surveyed more than 2,000 people aged 18 and above to understand how the British public feel about the pensions industry, asked respondents ...
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ArticleDarlington Building Society signs age-friendly employer pledge
Darlington Building Society has signed the age-friendly employer pledge as part of its commitment to tackling ageism in the workplace.Launched by the Centre for Ageing Better, the aim of the pledge is to improve the recruitment, retention and development of older workers.By signing, Darlington Building Society has committed to take ...
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ArticleIris Worldwide appoints Benita Meswania global chief people officer
Global creative network Iris Worldwide has appointed Benita Meswania global chief people officer, as it seeks to redefine and elevate its people offering in line with its growth ambitions and client proposition.Based in the UK, Meswania will report to Ian Millner, chair of Iris Worldwide, and lead a team of ...
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AnalysisHow to strike a balance between managing staff wellbeing and financial pressures
Credit: Andrey_Popov/ShutterstockNeed to know:The cost-of-living crisis is forcing more employees to take on additional work due to financial pressures, raising concerns around burnout.Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help.Employers need to ensure there is a culture where people can discuss financial concerns.With ...
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ArticleGI Group ensures pay strategy and benefits support employees’ wellbeing
Recruitment firm GI Group has put measures in place to help its employees cope with the cost pressures they are under. Cindy Gunn, group head of people at GI Group, says: “Recruitment isn’t the most profitable sector so we have to be a bit more creative to ...