All articles by LouronPratt – Page 30
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ArticleFinancial Times reports mean gender pay gap of 16%
The Financial Times has reported a mean gender pay gap of 16% for hourly pay as at April 2020.The organisation, which currently has over 3,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 or more ...
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ArticleNew Zealand increases paid parental leave to 26 weeks
The New Zealand government has increased paid parental leave entitlement to 26 weeks, from 1 July.The parental leave enhancement will give new parents an additional four weeks of leave, up from 22 weeks. The maximum weekly payment will also increase by $20 (£10.43) per week.Each year, the parental leave payment ...
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OpinionSamantha Woodham: Supporting employees through a divorce
42% of marriages end in divorce according to research by the Office for National Statistics, published in December 2012.If you had a blank sheet of paper, it would be hard to devise a worse process for navigating the legal side of a separation than our adversarial system. It pits couples ...
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ArticleHM Treasury publishes updated version of job retention scheme
HM Treasury has published a revised direction on the Government Job Retention Scheme (GJRS), making this the third version of the GJRS since it launched on 15 April 2020.The legislation includes updates to the flexible furlough scheme which will come into effect on 1 July 2020.Organisations will be able to ...
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Article70% of working parents require more long-term childcare benefits
Seven in ten (70%) working parents feel they would benefit from more employer-led support with long-term childcare, according to research by Bright Horizons.Its study of 1,500 working parents also found that a further 64% of respondents would like to see more benefits relating to back-up care and support for family ...
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ArticleAmazon rewards front-line employees with appreciation bonus
Amazon is to pay an appreciation bonus to its employees worldwide to reward them for their efforts during the Covid-19 (Coronavirus) pandemic.All front-line employees and partners who worked at the business during June 2020 will be eligible.Full-time employees will receive a $500 (£407) bonus, part-time Amazon employees will receive a ...
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ArticleJersey increases parental leave to 52 weeks
Jersey has enhanced its parental leave legislation, ensuring that all working parents are entitled to 52 weeks of parental leave, with six weeks to be paid by the employer.From 28 June 2020, the legislation will see parental leave double from the current 26-week entitlement, enabling parents to take a full ...
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ArticleCadent offers company car scheme to its employees
Natural gas network Cadent introduced a company car scheme to its flexible benefits programme for all of its 4,076 employees.Due to the nature of the job for many employees at Cadent, the business has introduced a number of flexible benefits since being part of the National Grid in 2011. Since ...
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ArticleEXCLUSIVE: 64% of organisations offer on-site benefits to employees
Two-thirds (64%) of employers offer on-site benefits to its employees, with more than a third (39%) providing on-site showers or laundry services.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, also found that this fits with a recurring theme in recent years, whereby the trend ...
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ArticleBank of England reports mean gender pay gap of 19.5%
Bank of England has reported a mean gender pay gap of 19.5% for hourly pay as at April 2019.The organisation, which currently has over 4,000 employees reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 or more ...
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ArticlePension savings have increased by 35% since 2017
The average pension pot in the UK for employees in large firms is now £120,000, a 35% increase from 2017, according to research by Close Brothers.The study of 200 employees, published June 2020, also found that average savings and investments has fallen by 3%.Over the three year period, on average ...
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ArticleThe Stavros Niarchos Foundation rewards 4,600 hospital workers with Covid-19 bonus
The Stavros Niarchos Foundation (SNF) will reward all nurses, doctors and members of cleaning staff with a special payment for working on the front-line in Covid-19 (Coronavirus) wards.The reward will be for all workers across all hospitals in Greece, with the appreciation payment totalling $7.5 million (£6.8 million).The payment will ...
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ArticleMetro Bank hires Carol Frost as chief people officer
Banking organisation Metro Bank has hired Carol Frost as its new chief people officer. Frost has experience as a HR business leader, with a track record of delivering strategic business transformation programmes, and a passion for identifying and developing talent. Previously, Frost has worked as human resources director at Centrica ...
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ArticleEXCLUSIVE: 25% of employers offer share schemes to employees
A quarter (25%) of respondents offer shares or share schemes to staff, while 14% do so purely for executive or senior employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that more than half (59%) did not offer this benefits, while just 2% say ...
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ArticleWalmart rewards front-line employees with $300 bonus
US supermarket chain Walmart will reward its hourly paid employees with an additional bonus to recognise them for their efforts during the Covid-19 (Coronavirus) pandemic.The June 2020 bonus payment, will see full-time employees receive $300 (£242) and part-time employees $150 (£121). Assistant managers in Walmart stores and Sam's Clubs will ...
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ArticleLloyd's reports mean gender pay gap of 23.6%
Insurance organisation Lloyd's has reported a mean gender pay gap of 23.6% for hourly pay as at April 2019.The organisation, which currently has over 65,000 employees. reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 or more ...
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ArticleTransport for London delays bonus payments for senior managers
Transport for London (TfL) has delayed bonus payments for senior managers until 2021 to deal with the financial ramifications of Covid-19 (Coronavirus).Senior employees including area managers, train operators and senior application engineers, with salaries ranging from salaries of £50,000 - £149,0000, will have their bonus payments delayed for 12 months. ...
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ArticleThe top 10 most read stories: 18 June - 24 June 2020
The top 10 most read stories on employeebenefits.co.uk between 18-24 June 2020 were: Indeed rewards 10,000 employees with six days of additional leaveUniversity of Cambridge introduces 10% voluntary pay reduction schemeNuffield Health introduces 10% pay cuts and reduces working hours by 20%Citi reports 32.7% mean gender pay gapEXCLUSIVE: 47% of ...
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ArticleDevils Backbone Brewing Company recruits chief hiking officer
Something for the weekend: Devils Backbone Brewing Company is looking to recruit a chief hiking officer (CHO).The organisation is looking for an employee who has a real love for hiking and beer, and will pay the successful applicant to trek the Appalachian Trail, which is located in the Blue Ridge ...
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ArticleConnected Health becomes accredited living wage employer
Home care organisation Connected Health is to increase hourly pay rates for its 220 employees to bring these in line with the Living Wage Foundation recommended by the Living Wage Foundation.This accreditation will see all 220 Connected Health workers receive a minimum hourly wage of £9.30 in the coming months, ...