All articles by LouronPratt – Page 33
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OpinionEmma Martin: Keep calm and do not panic about retirement plans
With Covid -19 causing market volatility and financial uncertainty, employees due to retire this year may be worrying about the impact of the pandemic on their retirement savings and retirement plans. The key message for these individuals is to keep calm and do not panic.Employees should be reassured that if ...
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OpinionNigel Peaple: How will the Covid-19 pandemic affect employees that are due to retire this year?
Covid-19 has caused significant disruption to all aspects of everyday life worldwide, including the way we work. Reduced hours, remote working, school closures, homeschooling, enforced holiday, furlough and, in some cases, even being laid off.At this time of national crisis, pension trustees want savers in workplace schemes to be reassured ...
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ArticleSlack to offer employees permanent remote working policy
Business communications platform Slack will introduce a permanent flexible working policy for the majority of its 1,664 employees.The organisation has made the decision to not reopen its offices due to the Covid-19 (Coronavirus) pandemic, until at least 1 September 2020, and when the offices do open, if their roles permits, ...
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ArticleEXCLUSIVE: 95% of organisations offer some form of mental wellbeing education
EXCLUSIVE: The vast majority (95%) of organisations offer some form of mental wellbeing education and support to their employees. This follows the trend we have seen, whereby awareness of, and a desire to support, mental wellbeing has risen up the corporate agenda.The Employee Benefits research 2020, published in May 2020, ...
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ArticleBurberry UK reports a 33.1% mean gender pay gap
Fashion retail brand Burberry has reported a 33.1% mean gender pay gap for fixed hourly pay as at 5 April 2019.The organisation which currently has 9,862 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 ...
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ArticleTaylor Wessing defers 50% of bonus payments
International law firm Taylor Wessing has split bonus payments for the 2020/21 financial year to deal with the economic uncertainty of the Covid-19 (Coronavirus) pandemic.The organisation has decided to pay its employees their bonuses in full, however splitting it into two increments.Employees will receive 50% of their bonus payments in ...
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ArticleEXCLUSIVE: 86% of organisations measure employee engagement
EXCLUSIVE: 86% of organisations surveyed this year stated that they measure employee engagement levels, an increase from 80% in 2019.This is a stark growth in the popularity of gauging engagement since 2012, when only 40% measured whether their benefits package was effective.The Employee Benefits research 2020, published in May 2020, ...
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ArticleTeddy bears hired to test out new roller coaster ride
Something for the weekend: A theme park has hired teddy bears to test out one of its new rides.With the Covid-19 lockdown enforcing social distancing worldwide, Walibi Holland, a theme park in the Netherlands was left with no human test subjects to try out its new rides. Instead, the business ...
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ArticleWincanton introduces mental health programme for 17,600 employees
Logistics organisation Wincanton has partnered with Mates in Mind to provide its 17,600 employees with support and guidance on mental health.As part of its commitment to address workplace mental health, all employees in over 200 locations will receive a wide range of support through communication materials and a variety of ...
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ArticleUniversity of Reading celebrates employees' sustainable actions
The University of Reading has held a virtual celebration for employees to recognise the sustainable actions resulting from participation in its interactive sustainability and wellbeing engagement programme.Through the initiative, provided by Jump, academic staff have been able to compete against one another, as both individuals and teams, to reach the ...
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ArticleEverton FC first team players and manager take voluntary 50% pay deferrals
First team players and the manager at Everton Football Club have agreed to take voluntary pay deferrals of up to 50% for the next three months, to deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.This is in addition to the initial 30% reductions and deferrals that the club ...
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Article
Change and technology: The Future of Work in numbers
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Article79% of employees say household pay cuts have affected their mental health
Of the 61% of employees that have seen a member from their household take a salary reduction, 79% say it has affected their mental wellbeing, according to research by Barnett Waddingham. Its survey of 2,017 full-time and part-time employee also found a further two-fifths (40%) have experienced increased anxiety over ...
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ArticleParents returning to work after maternity and paternity leave eligible for furlough pay
Working parents on statutory maternity and paternity leave, who are returning to work before October 2020, will be eligible for the Coronavirus Job Retention Scheme (CJRS).The enhancement to the CJRS will mean that working parents will still be able to receive 80% of their salary through the government scheme, if ...
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ArticleEXCLUSIVE: 87% of businesses offer benefits to support health and wellbeing
EXCLUSIVE: The majority (87%) of employers offer benefits to support the health and wellbeing of employees, according to research by Employee Benefits.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that the number of respondents that offer benefits in support of this goal has ...
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OpinionHelen Watson: Business decisions during Covid-19
With little time to prepare or plan, businesses have needed to make critical decisions while having to navigate ever-changing legislation and guidance set out by the government. This has, in turn, left many employers potentially vulnerable, with lots of business owners and managers confused about what the correct duties and ...
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OpinionDanyal Enver: Covid-19 corporate distress: what employers and trustees need to know
Thanks to Covid-19, business is bad. Despite government measures to alleviate the impact and help organisations to continue operating, the fallout creates multiple challenges. Economic ramifications include adverse effects on employers’ solvency and cashflow, and on demand for their products and services. Employers and trustees should, therefore, act swiftly in ...
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ArticleEmirates extends pay cuts until September 2020
International airline Emirates has extended its pay cuts, while more employees will receive an increased reduction in salary as a result of the financial impact of the Covid-19 (Coronavirus) pandemic.All employees in grade four and above will see their basic salary halved from 1 July 2020 until the end of ...
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ArticleThompsons Solicitors reduces pay and hours for staff by 20%
Law firm Thompsons Solicitors is reducing pay and hours for its employees to deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.Effective immediately until August 2020, the organisation will reduce hours and pay by 20% for senior lawyers and business heads.Additionally, the organisation will be reducing the pay and ...
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ArticleTSB introduces 70 hours paid carer leave for 7,000 employees
Banking organisation TSB is introducing a new carer policy, giving its 7,000 employees up to 70 hours paid leave a year.The new benefit coming into effect yesterday (8 June 2020) allows employees the flexibility to look after a dependent, family member or friend who has a disability, mental or physical ...