All Motivation and recognition articles – Page 19
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ArticlePret A Manger gives staff third pay rise in 12 months
Food and beverage business Pret A Manger has announced that its 7,870 UK shop employees will receive a pay rise in April, to support them with the rising cost of living. This will be the third pay increase employees have received in 12 months.From 1 April, team members, baristas and ...
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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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ArticleJohn Lewis reports 7.9% mean gender pay gap
Retail organisation John Lewis has revealed that its 2022 mean gender pay gap was 7.9%, down from 9% in 2021 and below the average for the sector of 13.5%.Its 2022 median gender pay gap was 5.8%, down from 6.4% the prior year, and lower than the retail average of 8.5%. ...
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ArticleThe top 10 most-read articles between 17 - 23 February 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 17 - 23 February 2023 were: Asda to increase retail pay by 10%Tesco raises hourly pay to above £11HSBC reports 45.2% mean gender pay gapTrial sees 92% of employers agree to continue four-day weekHermès implements global €4,000 bonusHalf of younger staff would ...
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ArticleHarperCollins agrees to pay increase and bonus for US staff
Book publishing business HarperCollins has reached an agreement with its US union, that includes a pay increase and bonus for employees.Nearly 250 members of staff, who are part of the union, have been on strike since 10 November 2022 over the terms of their contracts.The deal included guaranteed paid overtime, ...
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ArticleHermès to pay €4,000 bonus to staff globally
Credit: sylv1rob1 / Shutterstock.comFrench fashion and design brand Hermès has announced that it will pay its 19,700 employees a bonus of €4,000 (£3,519) this year.Axel Dumas, chief executive officer of Hermès, presented the year-end bonus plan at an analyst meeting on Friday 17 February.Dumas cited the brand’s net profit reaching ...
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ArticleHSBC reports 45.2% mean gender pay gap
Banking organisation HSBC has reported a mean gender pay gap for 2022 of 45.2% across its UK operations, and a median gap of 48.8%.HSBC employs 34,301 full-time employees in the UK, including 18,699 under the HSBC UK brand, with the remainder falling under various operations, including HSBC Global Services, HSBC ...
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ArticleNatwest Group UK reports 31.8% mean gender pay gap
Credit: William Barton / Shutterstock.comNatwest Group UK has reported a mean gender pay gap for 2022 of 31.8%, and a median gender pay gap of 32.3%.The group’s 2022 mean gender bonus gap, excluding recognition vouchers, was 43.5%, while its median was 18.9%. A total of 59.9% of men received a ...
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ArticleHalf of younger staff would take pay cut for employer with values
Nearly half of UK (48%) and US (44%) Gen Z and Millennial employees would consider taking a pay cut in order to work for an employer that shares their values, according to research by business advocate Paul Polman.The Net positive barometer surveyed 4,000 British and American employees at medium to ...
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ArticleConnick Tree Care becomes employee owned
South England-based tree preservation and maintenance firm Connick Tree Care has announced that it will become employee owned.The plan was first announced to the business’ 75 members of staff in October 2022, and the process commenced this month, with the transition to an employee ownership trust (EOT) due to take ...
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ArticleArgyll sniffs out signature office fragrance
Something for the weekend: London office provider Argyll has launched a bespoke branded scent created by British perfumer Azzi Glasser, which it will roll out across its 30-strong portfolio, in order to help those working there soak in the smell of success.Glasser, who has created signature scents for The Mandrake ...
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ArticleBarclays Bank UK reports 35.9% mean gender hourly pay gap
Financial institution Barclays Bank UK reported a mean gender hourly pay gap of 35.9% in 2022, down 0.4 percentage points from 2021.The firm's median gender hourly pay gap was 37.7%, up 0.5 percentage points from the prior year. The bank’s mean gender bonus gap for 2022 was 67.7%, falling from ...
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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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ArticleRolls-Royce reports 1.6% mean gender pay gap
Vehicle manufacturer Rolls-Royce has published its 2022 UK gender pay gap report, with its mean gender pay gap standing at 1.6%, a decrease from 3.2% in 2021.Its median gender pay gap for 2022 was 3.6%, down from 4.8% the prior year, while its mean gender hourly pay gap was 0.8% ...
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ArticleThe top 10 most-read articles between 27 January - 2 February 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 27 January - 2 February 2023 were: Metro Bank introduces optional four-day weekMars UK and Virgin Media O2 named most flexible large employersInnocent Drinks introduces fertility friendly policyJet2.com and Jet2holidays to give staff 9% pay risePoundstretcher raises store staff pay by 10%QBE ...
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ArticleIHG Hotels reports 23.5% mean gender pay gap
Credit: JHVEPhoto / Shutterstock.comHotel chain IHG Hotels has reported a UK mean gender pay gap of 23.5% for 2022, a decrease from 27.7% in 2021, and a further drop from 39.3% in its first year of reporting in 2017.The business' median gender pay gap fell from 19.6% to 15% in ...
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ArticleLas Iguanas relaunches employee incentive trip to Brazil
Restaurant chain Las Iguanas has reintroduced its employee incentive trip Race to Rio tour this year, following a hiatus during the Covid-19 pandemic, offering around 20 of its workers the chance to visit the Brazilian capital in April.According to the chain, which is owned by Big Table Group (BTG) chain, ...
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ArticleEXCLUSIVE: Entry deadline for Employee Benefits Awards 2023 extended
EXCLUSIVE: The deadline for the Employee Benefits Awards 2023, sponsored by Aon, has been extended until midnight on Friday 10 February, in order to give HR, reward and benefits professionals another chance to enter and win recognition for their achievements.Those organisations that have already submitted entries can use this time ...
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AnalysisWhere should employers draw the line with benefits provision?
If employers are not seeing a return on their investment in benefits or schemes are not achieving their desired aims, such as increased employee engagement or retention, then they might be spending too much.Employers should consider whether they are offering benefits to be viewed as an attractive place to work ...