All articles by LouronPratt – Page 8
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ArticleAllen and Overy increases pay for newly qualified lawyers
International law firm Allen and Overy is to increase the salary of all newly qualified lawyers, after implementing pay reductions due to the Covid-19 (Coronavirus) pandemic.From December 2020, Allen and Overy will increase the salary of newly qualified lawyers to £95,000 per annum. This will be backdated to November 2020. ...
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ArticleFona International pays recognition bonus to 220 employees
Image credit: PR NewswireGeneva-based food and beverage flavour organisation Fona International is to reward its 220 employees with a $2,500 (£2,073) bonus payment for every year they have worked at the organisation. The bonus, which will be paid in December 2020, was announced to employees via a video call. It ...
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ArticleVolkswagen Financial Services UK reports 24.7% mean gender pay gap
Volkswagen Financial Services UK (VWFS) has reported a mean gender pay gap of 24.7% for average hourly pay as at April 2019, down from 26.8% the previous year.The organisation, which currently has more than 1,000 employees, reported its gender pay gap data in line with the government’s gender pay gap ...
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Article
Volkswagen Financial Services reports 24.7% mean gender pay gap
PRS for Music has reported a mean gender pay gap of 13.8% for average hourly pay as at April 2020 down from 19.1% the previous year.The organisation, which currently has over 1,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting ...
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Case StudiesZendesk improves reward strategy for global workforce
Image credit: ZendeskDuring the Covid-19 (Coronavirus) pandemic, global software organisation Zendesk has reinvented its benefits strategy to match the ever-changing working world.The organisation introduced new rewards to ensure that all of its 3,570 employees, working across 20 countries, were being productive while working remotely for the foreseeable future.Zendesk quickly discovered ...
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OpinionConstantina Tribou: Global reward strategies during Covid-19
To maintain resilience in this shifting landscape, many employers are starting with their global reward strategies as a way to adapt to the current Covid-19 (Coronavirus) pandemic.Employee demographics in the workforce are changing and situations are moving quicker than organisations can adapt. As a result, there is a pressing need ...
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AnalysisHow has the Covid-19 pandemic affected global reward strategies?
Need to know: The Covid-19 pandemic has affected the reward packages that employers offer to their global workforces.The need for health and wellbeing packages has never been more important than during uncertain times.Global organisations are looking to refine the way they offer benefits, to present a much more unified and ...
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Article22% of organisations align benefits with national or world events
Employee Benefits poll: A fifth (22%) of organisations have aligned employee benefits initiatives with national or world events.A poll of www.employeebenefits.co.uk readers, which received 22 responses, found that national events, such as World Health Mental Health Awareness Day, and Black History Month have encouraged 22% of employees to restructure benefits ...
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ArticleB&M repays government £3.7 million in furlough costs
Retail employer B&M has paid back in fullthemoney it receivedas part of the government’s employee furlough scheme as financial support during the Covid-19 (Coronavirus) pandemic. In April 2020, the organisation temporarily closed 49 of its stores and made use of the Coronavirus Job Retention Scheme (CJRS) to furlough employees affected ...
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ArticleWickes rewards 8,000 staff with three days of additional leave
DIY retailer Wickes is rewarding its 8,000 employees with three days extra of paid holiday in December 2020.The extra days of leave, that will run from 24 December to 26 December, is to reward employees for their hard work during the Covid-19 (Coronavirus) pandemic, and to further support the wellbeing ...
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ArticleSouth East Coast Ambulance Service launches mental health app for staff
South East Coast Ambulance Service NHS Foundation Trust (SECAmb) has introduced a wellbeing app to support the mental health of its 3,500 employees and volunteers.The app, provided by Backup Buddy, gives employees access to a range of mental wellbeing services, available 24 hours a day, seven days a week.Launched in ...
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ArticleChannel 4 reports 21.5% mean gender and 15.3% ethnicity pay gaps
Media organisation Channel 4 has reported a mean gender pay gap of 21.5% for average hourly pay as at March 2020 down from 23.3% the previous year. It has also chosen to report its ethnicity pay gap data, finding a 15.3% mean difference.The organisation, which currently has over 700 employees, ...
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ArticleTSB extends mental health support to friends and families of staff
British bank TSB is enhancing itsmental healthsupport benefit for employees to allow them to includea member of their family or a friend. In May 2020, TSB partnered with mental health platform Unmind to support the wellbeing of its 6,600 employees during the Covid-19 (Coronavirus). Due to the ongoing uncertainty of ...
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ArticleBBC pay discrimination cases dismissed by Equality and Human Rights Commission
Public television organisation British Broadcasting Corporation (BBC) has been cleared of all pay discrimination cases filed by employees, following on from an investigation by the Equality and Human Rights Commission.In March 2019, the commission launched an investigation into 40 informal and formal pay complaints, out of the 1,000 that were ...
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ArticleThe top 10 most read stories between 5 November – 11 November
The top 10 most-read stories on www.employeebenefits.co.uk between 5 November – 11 November 2020 were: Capita gives 45,000 employees early access to paySainsbury’s rewards employees with 10% bonus paymentReal living wage rate increases to £9.50 an hour for UK staffLego Group enhances parental leave for 18,000 employees globallyGovernment extends furlough ...
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ArticleLakeview Manor on the hunt for canine testers to review lodging experience
Something for the weekend: Private estate Lakeview Manor is on the hunt for a diligent dog to take part in a holiday testing experience.Situated in a paw-fectly private estate, the organisation is looking for an aspiring dog, and its owner, to test out one of its lodges in Lyme Regis, ...
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ArticleGovernment publishes further guidance on Job Retention Scheme
The government has published further guidance on the Government Job Retention Scheme (GJRS), including details on flexible furlough and employees taking paid leave.The guidance outlines the increase in flexibility that the extended scheme provides when compared to its original implementation in March, such as allowing flexible furlough from the start.Under ...
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Article54% of staff believe their workplace benefits are no longer relevant
More than half (54%) of employees believe that their current workplace benefits need to be re-evaluated due to the increase to remote working, according to research by Blackhawk Network.Its research, published November 2020, which surveyed 2,001 employees in the UK, found that onlyone-third (32%) of employees believe that their current ...
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ArticleAldi rewards front-line employees with 10% bonus payment
Supermarket chain Aldi is rewarding its 35,000 front-line employees with a 10% bonus to recognise their efforts dealing with the increasing demand for products during the Covid-19 (Coronavirus) pandemic.The 10% bonus will be paid to all permanent and temporary staff that have worked on the front-line in Aldi stores, which ...
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ArticleReckitt Benckiser completes £415 million pensions buy-in transaction
Consumer goods organisation Reckitt Benckiser has completed a £415 million pension buy-in transaction with Scottish Widows.The buy-in arrangement will insure the defined benefit (DB) pension liabilities of 1,400 members in the Reckitt Benckiser Pension Fund. The new transaction removes the interest rate, inflation and longevity risk relating to these liabilities. ...