All Motivation and recognition articles – Page 20
-
ArticleBurness Paull gives employees 5% bonus to reflect profits
Scottish law firm Burness Paull has awarded staff a payment worth either 5% of their annual salary or £2,500, depending on which is the higher figure, in order to reflect the strong performance of the business.The firm employs around 600 people, including 86 partners, across its offices in Edinburgh, Glasgow ...
-
ArticleShoosmiths introduces employee bonus scheme
Law firm Shoosmiths has launched its first formal employee bonus scheme as part of an updated reward strategy.The bonus scheme has been based on non-financial strategic goals and financial targets, and will pay the same percentage bonus to all employees in order to promote teamwork and collaboration. It has an ...
-
ArticleGlobalData employee share option scheme vests £82 million
A total of 146 long-term employees of industry intelligence provider GlobalData have benefited from the business' share option scheme, with awards vesting £82 million, as of this month.GlobalData created the scheme in 2010 as part of a goal to align its staff to its long-term success, and granted the first ...
-
ArticleAldi gives distribution centre staff up to 9% pay rise
Supermarket chain Aldi has increased the hourly rate of pay for thousands of its UK regional distribution centre employees by up to 9%.As of September, all hourly paid colleagues within its warehouses receive pay rises of up to 9% on their previous January 2022 hourly rates.Warehouse selectors, which make up ...
-
ArticleJet2 rewards employees with four extra annual leave days
Package holiday provider Jet2 has given its employees an extra four days of annual leave this year, with the aim of helping its 12,500 employees look after their mental wellbeing.The added leave allowance is on top of employees' annual leave for the 2022 calendar year, and can be taken at ...
-
AnalysisAre pay rises the best staff retention tool?
Credit: GoldenShark2 / Shutterstock.comAn employer’s compensation policy needs to be fair, equitable and as transparent as possible.Regular pay increases can be useful because if these are timely and properly aligned with career opportunity and growth, they can help employees feel engaged and motivated.Employees look to prospective employers for clarity and ...
-
ArticleShell awards 8% bonus following record profits
Energy organisation Shell has given its workers a one-off 8% bonus in order to reflect its financial success and record profits from high oil and gas prices.Most of the 82,000 members of staff the business employs worldwide will receive the payment, but top executives will not be included.Shell reported second ...
-
ArticlePop still top when powering workplace productivity
Something for the weekend: Whether the old-fashioned radio or a Spotify solution, many workplaces will harness the power of music to create a pleasant environment and boost creativity. Music licensing firm PPL PRS has found that pop is still top when it comes to powering workplace productivity (43%).A survey of ...
-
ArticleAviation Fuel Services staff at Heathrow secure 12.5% pay increase
A total of 48 employees of Aviation Fuel Services (AFS) have received a 12.5% pay rise, an increase in weekend overtime rates, and a £2,500 bonus.The staff are responsible for refueling half of the non-British Airways traffic at Heathrow airport, including Virgin Atlantic, United, Singapore, KLM, American, Emirates, Air France ...
-
ArticleAldi increases hourly pay for second time in 2022
Aldi has given its approximately 26,000 hourly paid store employees a second pay increase this year in order to remain competitive in the face of rising living costs.As of September, all UK-based store assistants at the German-owned grocery chain will receive an increase of 40 pence an hour on their ...
-
ArticleBaker McKenzie increases newly qualified lawyer pay to £110,000
Global law firm Baker McKenzie has increased the starting pay for newly qualified lawyers from £105,000 to £110,000, as of this month.Trainee salaries have remained at their current rates, with first year trainees eligible for £50,000 and second year trainees receiving £55,000.According to the firm, which has around 13,150 employees, ...
-
AnalysisWhy is authentic leadership important in business?
Need to knowEmployees are increasingly demanding that their leaders act with authenticity and integrity as they re-evaluate their priorities post-pandemic.Authenticity demands a number of skills, from empathy to strategy, many of which can be coached and nurtured by businesses.Listening to employees and fostering the right culture are integral to survive ...
-
ArticleFDM Group reports -4.0% mean gender pay gap
FTSE 250 professional services firm FDM Group has published its 2022 gender pay gap results, finding a -4.0% mean gender pay gap.According to the firm, which employs 2,982 workers in the UK and 6,663 globally, this is an improvement on last year’s figure of 0.5%.FDM Group, which added more than ...
-
ArticleJet2holidays implements 8% pay rise and £1,000 bonus
Credit: Photofex_AUT / Shutterstock.comPackage holiday provider Jet2holidays has awarded its employees an 8% pay rise to be followed by a further £1,000 bonus at the end of the summer.The announcement was made in the business’ preliminary unaudited results report for the year ended 31 March 2022, in which it stated ...
-
AnalysisHow employee share schemes can be used to attract and retain talent
Need to knowFinancial gain aligned to the success and growth of an organisation supports medium- and long-term motivation and retention.Employers should keep communications clear, but simple. Employees will need to understand the personal monetary value of a share scheme before making the decision to sign up.Share schemes should be part ...
-
ArticlePost Office employees at 114 locations strike over pay row
Post Office employees working at 114 crown post offices, larger branches usually found on high streets, have begun a 24-hour strike over pay.The 3,500 members of staff, members of the Communication Workers Union (CWU), rejected a pay offer from management worth 3% and a £500 lump sum. The union stated ...
-
ArticleCadbury staff secure up to 17.5% two-year pay deal
More than 1,000 Cadbury workers have achieved a two-year pay deal worth up to 17.5%, as well as a separate 25% boost in holiday pay.A total of 80% of the workers based at Cadbury’s sites in Bournville, Birmingham, Chirk, Wales and Marlebrook in Hereford, members of the union Unite, voted ...
-
ArticlePeloton offers staff one-off cash bonus and stock options
Credit: nyker / Shutterstock.comExercise equipment business Peloton has offered its US employees either a one-off cash bonus or stock compensation changes in a bid to retain its workforce, according to internal memos.As of 1 July, its hourly workers are eligible for a one-time cash bonus to be paid before the ...
-
ArticleGreat Cornish Food Store becomes part employee-owned
Retail and hospitality business Great Cornish Food Store has become part employee-owned as it celebrates its sixth anniversary this week.According to the food retailer, which is based in Truro, Cornwall and shares its premises with a major supermarket, the move means that its 24 members of staff will part-own the ...
-
ArticleQantas Group awards staff one-off $5,000 payment
Australian airline business Qantas Group has implemented a one-off AUSD 5,000 (£2,837) payment for approximately 19,000 employees, to recognise their work and combat the rising cost of living.The payment will be provided shortly, after a new enterprise agreement is finalised, with nine agreements covering around 4,000 employees already finalised. Management ...