All Financial wellbeing articles – Page 48
-
ArticleLidl GB increases entry level pay to £10.90 an hour
Supermarket chain Lidl GB has increased the hourly pay rate of all store and warehouse employees, effective from 1 October and representing a £39.5 million investment.The business has increased entry-level pay from £10.10 to £10.90 per hour for those outside of London and £11.30 to £11.95 per hour for those ...
-
ArticleGovernment scraps temporary national insurance increase
Mini Budget 2022: The government has scrapped the temporary 1.25 percentage point increase to national insurance (NI) contributions for the 2022/23 tax year.Chancellor of the Exchequer Kwasi Kwarteng announced in his Mini Budget speech, that as of 6 November, NI rates will drop to their previous percentage levels. Class One ...
-
ArticleGovernment drops income tax basic rate to 19% one year early
Mini Budget 2022: The UK government has announced that it will reduce the basic rate of income tax by one pence to 19% as of 6 April 2023, one year earlier than planned.According to Chancellor of the Exchequer Kwasi Kwarteng's speech to the House of Commons, this will result in ...
-
ArticleThe top 10 most-read articles between 16 - 22 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 16 and 22 September 2022 were: Port of Liverpool staff strike over rejected pay dealGalliford Try awards staff up to £750 cost-of-living paymentLufthansa pilots agree to strike truce and £428 monthly raisePartners& research: 25% of employers cannot afford living cost support paymentsHard ...
-
ArticleAllied Vehicles Group increases wages weighted towards lowest paid
Allied Vehicles Group, based in Possilpark in north Glasgow, has invested more than £1 million in pay rises to help its workforce cope with the cost-of-living crisis.Each of the organisation's nearly 600 staff received a pay increase this month, on a sliding scale weighted towards those who are lower paid. ...
-
ArticleLiving Wage Foundation increases real living wage to £10.90
The Living Wage Foundation has increased its real living wage rates to £10.90 an hour across the UK and £11.95 an hour in London.This is a £1 and 90 pence rise, respectively, and will see almost 400,000 employees working for more than 11,000 accredited employers across the country receive a ...
-
ArticleMarks and Spencer invests £15 million in staff support package
Marks and Spencer has invested £15 million in a package of support for its front-line employees during the cost-of-living crisis, including a pay review and extended wellbeing benefits.As of 1 October, more than 40,000 members of staff will see their hourly pay rise to a minimum of £10.20. This follows ...
-
AnalysisHow are employers’ approaches to Christmas celebrations changing?
Some employers are bringing back their in-person Christmas celebration this year specifically to bring people together and help create a connection among the workforce, as well as address diversity and inclusion.Employers should still be mindful of individual needs and preferences, as not everyone has returned to the workplace, choosing to ...
-
ArticleMoray Council gains living wage accreditation
Credit: Wirestock Creators / Shutterstock.comMoray Council in Scotland has received living wage employer accreditation as of this week.According to the council, it has paid above the living wage rate since 2012, with a rate of £10.04 per hour being the lowest pay point on its salary scale as of April ...
-
ArticleGalliford Try awards staff up to £750 cost-of-living payment
Credit: Leeds Fotografica / Shutterstock.comConstruction firm Galliford Try has introduced a one-off payment for around 1,800 of its members of staff, in order to increase support in the face of the rising costs of living.The business stated that almost half its 3,300-strong employee base will receive individual payments of up ...
-
ArticleCoverage Care Services rewards employees with second 2022 pay rise
Shropshire-based care provider Coverage Care Services has given its workforce a second pay rise this year in order to support them with rising household bills.The business, which employs around 1,000 people in caring, nursing, administrative, domestic and maintenance roles, said it has invested £1.5 million in the pay increase, meaning ...
-
ArticlePort of Liverpool staff strike over rejected pay deal
Credit: John B Hewitt / Shutterstock.comMore than 560 port operatives and engineers employed by Peel Ports Group at the Port of Liverpool have begun a two-week strike in a dispute over pay.The strike began yesterday (19 September) and will continue until 3 October. The employees, represented by trade union Unite, ...
-
ArticleHard Rock International increases pay for 10,000 US employees
Credit: Farts Pfotografy / Shutterstock.comHard Rock International and Seminole Gaming has invested over $100 million (£87.9 million) in order to raise wages for more than 10,000 employees, making up half of its US workforce.Some staff will receive a more than 60% pay increase, with starting wages at between $18 (£15.81) ...
-
Article25% of employers cannot afford living cost support payments
One in four (25%) employers cannot currently afford to make a payment to support staff through the cost-of-living crisis, according to insurance broker Partners&.Its survey of more than 160 senior HR, finance, payroll, and c-suite professionals highlighted that nine in every 10 employers expected either a small (38%) or significant ...
-
ArticleThe top 10 most-read articles between 9 - 15 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 9 and 15 September 2022 were: Sainsbury’s launches cost-of-living support packageGreene King enhances maternity leave and supportAlexander Dennis staff to strike over payMedian monthly pay up 6.5% in August 2022Arcoframe to pay staff £160 a month cost-of-living bonusNorwich City Council launches living ...
-
ArticleEuropean Union to implement adequate minimum wage legislation
The European Union (EU) parliament has voted in favour of legislation regarding adequate minimum wages for member states.Member states will have to guarantee that their national minimum wage allows workers to lead a decent life by taking into account the cost of living and wider pay levels. In order to ...
-
Supplier articleHOW TO OFFER EFFECTIVE FINANCIAL WELLBEING SUPPORT TO YOUR TEAMS
It’s no secret that we’re all feeling the pinch at the moment. The UK inflation rate, as measured by the Consumer Prices Index (CPI) rose to 9.4% in July 2022—a 40-year high. Worrying about money is one of the biggest drivers of stress in UK adults, but ...
-
ArticleSainsbury’s launches cost-of-living support package
Supermarket chain Sainsbury’s is to invest £25 million into a cost-of-living package for hourly-paid staff to support them with rising costs.It will invest £20 million in a pay increase, which will be the second one staff receive this year. From 16 October, Sainsbury’s and Argos' hourly retail workers' pay will ...
-
ArticleArcoframe to pay staff £160 a month cost-of-living bonus
Arcoframe, a Merseyside-based window supplier, is to give its employees additional funding support in order to help with rising costs over the winter period.The organisation will pay its 28 employees £160 each per month throughout the upcoming colder months to help ease the pressure of rising costs. All staff will ...
-
ArticleLewisham and Greenwich NHS Trust becomes living wage accredited
Credit: London Stock / Shutterstock.comLewisham and Greenwich NHS Trust has been accredited as a living wage employer, resulting in all staff now earning a minimum of £11.05 per hour.More than 2,000 workers employed by the trust have had their pay rates increased to the London living wage rate. Nearly 750 ...