All articles by LouronPratt – Page 31
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ArticleMayo Clinic lifts Covid-19 pay cuts six months earlier than planned
US non-profit healthcare organisation Mayo Clinic will restore 20,000 employees to full pay from 24 June 2020, six months ahead of schedule.Due to the estimated long-term financial ramifications of the Covid-19 (Coronavirus) pandemic, physicians and senior administrators have been a 10% reduction in pay while other salaried employees saw a ...
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ArticleTake part in exclusive healthcare benefits research for a chance to enter prize draw
Has the Covid-19 (Coronavirus) pandemic increased your organisation’s focus on employee health and wellbeing? Do you calculate the return on investment for your healthcare benefits spend? What are the most successful healthcare and benefits strategies?Employee Benefits readers can now have their say by participating in the exclusive Employee Benefits Healthcare ...
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ArticleMurphy returns 4,000 employees to full pay
Engineering and construction organisation Murphy has confirmed it will restore 4,000 employees to full pay from August 2020, following on from a business-wide pay reduction.Due to the financial constraints of the Covid-19 (Coronavirus) pandemic, employees have been receiving a 10% reduction in salary since May 2020, while senior leaders have ...
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ArticleEileen Donnelly: How financial security can impact our wellbeing
Financial security - being and feeling able to make ends meet - is one of the key aspects of a good job and a driver to workplace wellbeing.Which employees are more at risk?While over half of UK households in poverty have at least one person in the household in employment, ...
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ArticleEXCLUSIVE: 73% of employers offer group personal pension schemes
Just under three-quarters (73%) of respondents offer a group personal pension (GPP) scheme for auto-enrolment, making it the most popular type of pension scheme that is offered.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that this has been the most popular pension scheme ...
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ArticleKier Group reports 19.1% mean gender pay gap
Kier Group has reported a mean gender pay gap of 19.1% for hourly pay as at April 2019.The organisation, which currently has over 15,000 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 employees ...
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ArticleNorthern Ireland Ambulance Service HSC Trust gives ambulance workers pay rise
Northern Ireland Ambulance Service HSC Trust is giving its ambulance workers a pay rise, backdated to January 2017.The pay changes will affect emergency medical technicians (EMT), paramedics and rapid response paramedics (RRP).Alongside the pay changes, employees will see their pay bands upgraded within the Agenda for Change pay structure.EMTs will ...
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ArticleLaing O'Rourke returns 8,000 employees to full pay
Construction organisation Laing O'Rourke will return all of its employees to full pay and full working hours, after introducing cost reducing measures during the Covid-19 (Coronavirus) pandemic.The salaries and hours of 8,000 employees were cut by 20%, while senior management and board directors received a 30% reduction in pay and ...
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OpinionKate Martin: Managing an employee’s holiday allowance while on furlough
With so many holidays booked and cancelled during lockdown, and there being a number of bank holidays that have fallen during this period, it has left employers wondering what is the right way to be managing employees’ holiday allowances while they are on furlough.The government guidance on taking holiday while ...
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OpinionCaroline Harwood: Company car tax in the Covid-19 world and for the new normal
Higher car benefit costs have pushed many employers away from company cars and towards a cash-based car allowance in recent years. However, there are still employees who have company cars and who could benefit from a reduced benefit-in-kind charge during lockdown by eliminating the availability of their company vehicles or ...
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Article18% of employers expect a decrease in the number of bonus payments
Just under one in five (18%) respondents expect the number of bonus payments paid to employees will decrease, according to research by Paydata.Its survey of 170 human resources, finance directors, and reward and compensation specialists, also found that while almost three-quarters (74%) of employers are still offering a bonus scheme, ...
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ArticleFidelity International enhances global parental leave policy for 7,284 employees
Investment management services provider Fidelity International has introduced an enhanced parental leave policy for all of its 7,284 employees in 27 global locations.The enhanced policy allows fathers and secondary carers to receive the same paid leave entitlement as mothers and primary carers for children who are born or are adopted ...
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Article2 Sisters Food Group gives 560 employees full pay for self-isolation period
Food manufacturer 2 Sisters Food Group (2SFG) will give all 560 employees at its Llangefni site full pay for the self-isolation period that has been imposed on them due to the Covid-19 (Coronavirus) pandemic.All employees at the site were told to immediately self-isolate for 14 days after 61 employees tested ...
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AnalysisHow can employers appropriately recognise employees’ efforts during a time of crisis?
Need to know:Continual employee recognition, even during a time of crisis, can help enforce workplace culture and motivate employees further.Letting employees know they are valued and their efforts are recognised can boost their wellbeing.Employers must be careful to ensure that their recognition scheme does not exclude employees that are struggling ...
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OpinionAma Afrifa-Tchie: Recognition strategies for furloughed employees
All organisations affected by the Covid-19 (Coronavirus) pandemic have a responsibility to ensure a recognition strategy is in place to help furloughed employers with their mental health during this uncertain time.This is a new concept to many of us, and for those impacted, there is a risk it will have ...
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Case StudiesDechert introduces recognition schemes during Covid-19
Global law firm Dechert has put in place recognition initiatives across its whole business to support employees during the Covid-19 (Coronavirus) pandemic.The organisation launched 'A Day to Thrive' scheme, which gives employees an extra day of annual leave this year to recognise everyone for their efforts during this challenging time.With ...
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Financial wellbeing during the pandemic – time for businesses to do more
Over the last 3 years, in their employee wellbeing strategies, UK businesses have given much greater prominence to the financial wellbeing of their people. For those of us that monitor the wellbeing landscape this has come as no surprise. It’s been estimated that the financial problems of employees cost a ...
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ArticleGeneral Healthcare Group completes £150 million insurance scheme buy in
The trustee of the General Healthcare Group (GHG) Pension and Life Assurance plan has completed a £150 million insurance scheme buy in.The deal, which the organisation secured with Aviva, covers all of its 700 defined benefit (DB) members. In 2008, the trustee hired scheme secretariat firm Inside Pensions to provide ...
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ArticleUniversity of Cambridge introduces 10% voluntary pay reduction scheme
The University of Cambridge has introduced measures to deal with the financial ramifications of Covid-19 (Coronavirus) including a voluntary pay reduction scheme for senior university staff.The council agreed to introduce a voluntary temporary pay reduction scheme for six months. This would be effective for university staff whose salary exceeds £100,000. ...
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ArticleEXCLUSIVE: 47% of employers say budget is the biggest barrier in improving engagement
Just under half (47%) of employers say their budget is their biggest barrier for not improving employee engagement levels.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that this is little change from the 51% who found this to be a key issue in ...