All articles by Jessica Bird – Page 3
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ArticleDWP confirms pension dashboard delivery will be delayed
The Department for Work and Pensions (DWP) has issued a ministerial statement confirming that the Pensions Dashboards Programme (PDP) will not be able to meet the delivery deadlines originally set out in its legislation.The DWP said that it will work together with the PDP to establish and legislate a revised ...
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AnalysisWhat role do share schemes play in the current economic climate?
While share schemes may not solve immediate financial worries, they can help boost long-term financial stability.Aligning staff with shareholders can improve motivation and engagement, reducing absence and turnover at a time when talent is at a premium.Proper communication of both the negatives and positives will help ensure staff get the ...
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Case StudiesGlobalData uses share schemes to boost global cohesion
In August 2022, 146 employees of industry intelligence firm GlobalData benefitted from an £82 million pay-out from its share option scheme, which was originally formed in 2010 and had remained open to entrants until December 2020.In 2019 and 2021, GlobalData built on the success of its 2010 scheme, creating two ...
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ArticleDeloitte gives employees financial control with flexible pension policy
In October 2022, professional services firm Deloitte introduced a flexible pension policy that gave its 22,000 UK employees more control over their finances, while still centring the importance of retirement savings.The policy allows staff to receive a cash payment in place of their pension contributions, in order to help people ...
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Case StudiesMitie focuses on front-line reward as cost-of-living crisis mounts
Strategic outsourcing and energy services business Mitie has tight margins, but still sees the importance of protecting and supporting front-line staff during difficult periods, meaning it has to focus on benefits that are affordable for the business, but make a real difference to employees.Jasmine Hudson, chief people officer at Mitie, ...
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AnalysisHow is the cost-of-living crisis affecting what employees want from their benefits packages?
The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term.Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.Employers should focus on practices that are sustainable and work for ...
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ArticleTango Networks to pay £71,000 in unfair dismissal and age discrimination case
Business communications organisation Tango Networks has been ordered to pay £71,441.36 to a former employee, following a case concerning unfair dismissal and alleged age discrimination.The case, Mr M Jones v Tango Networks UK Ltd and P Hesketh, concerned a claimant originally employed as a channel account director in 2019. This ...
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ArticleAverage pay growth high but failing to keep pace with inflation
Growth in total pay, including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS).For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic.In ...
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ArticleNatWest acquires majority shareholding in savings fintech Cushon
Credit: William Barton / Shutterstock.comBanking organisation NatWest Group has acquired 85% shareholding in workplace savings and pensions fintech Cushon, with the remaining 15% retained by Cushon management.NatWest made the move in order to offer commercial customers and their employees a suite of financial wellbeing products. It follows similar acquisitions by ...
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ArticleAbellio gives London bus drivers 18% pay rise
Transportation business Abellio has given 1,800 bus drivers in London a pay uplift of 18%, putting an end to long-running industrial action.The drivers, who are members of trade union Unite, voted to accept a pay increase which will see those with two or more years of service become eligible for ...
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ArticleMedian base pay rise expected for 2023 reaches 5%
The median base pay rise expectation among UK employers for 2023 is 5%, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD's quarterly 'Labour Market Outlook' reported that this was a record high since the survey began in 2012.In the public sector, the median base pay ...
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ArticleMP pay to rise by 2.9% in next financial year
The Independent Parliamentary Standards Authority (IPSA) has confirmed a 2.9% pay increase for Members of Parliament (MPs) for the 2023-24 financial year.IPSA sets these pay levels independent of Parliament and government. In 2015, it decided to adjust their pay at the same rate as changes in public sector earnings published ...
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ArticleKing Charles hunts for high-flyer to join helicopter team
Something for the weekend: Recruitment efforts have taken flight for an operations officer to take a grounded role on King Charles' helicopter flight team.The job, listed on the royal household website, is a permanent, full-time position at 37.5 hours per week, for £34,000 per year. This includes working flexibly to ...
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ArticleAnt Donaldson: How do you help employees beat the January blues?
The January blues can hit people any year. After all the fun of the festive season, the realisation that there are two more cold, dark months of winter to go, as well as counting the days to January pay day, can make it a bleak month at the best of ...
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AnalysisBuyer’s guide to financial education
What is financial education?Financial education as a benefit can take many forms. At its simplest, it could simply mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances. At the higher end, financial education programmes can be holistic, providing multimedia resources, ...
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ArticleSt John and Elizabeth Hospital to pay £75,000 in workplace health claim
A London employment tribunal has ruled that private healthcare business St John and Elizabeth Hospital must pay £75,000 to an ex-employee in what it deemed was a case of unfair dismissal.The case, Ms E Kalhor v The Hospital of St John and St Elizabeth, concerned an employee who resigned from ...
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ArticleBentley and Unilever among best employers for shift-based employees
Luxury car manufacturer Bentley Motors, energy provider E.On and consumer goods organisation Unilever have been named among the best places to work for UK shift-based employees for 2023, according to ratings published by community job platform Breakroom.Breakroom's Best and Worst Places to Work in 2023 used reviews from its community ...
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ArticleMedia Mantra updates leave policy to enhance inclusion and wellbeing
India-based PR and communications business Media Mantra has updated its annual leave allowance, effective from 1 January 2023, to create a more inclusive policy for its almost 100 employees.The revised leave policy introduced six additional days, labelled #MMCares leave, taking the total available to staff to 31 days overall per ...
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ArticleStagecoach staff raise £1,000 for children's charity
Bus and coach operator Stagecoach, which employs 23,000 people in the UK, has raised upwards of £1,000 for Roald Dahl's Marvellous Children's Charity.As part of the organisation's Giving for Good initiative, which supports its commitment to donate 0.5% of pre-tax profits to charitable causes on an annual basis, the 'Marvellous ...
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AnalysisBuyer’s guide to financial education
What is financial education? Financial education as a benefit can take many forms. At its simplest, it could mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances and the benefits available to them. At the higher end, financial education programmes ...