News – Page 31
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ArticleHerrco Cosmetics awards staff equal share of £100,000 bonus
Suffolk-based Herrco Cosmetics has announced that all of its staff have been given a share of a £100,000 bonus pot as a thank you for all their hard work during the past twelve months.The cash award was paid to staff last Friday, in recognition of the teamwork that all of ...
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ArticleBank of America increases junior banker pay
Bank of America is to give its junior bankers globally a pay boost of $10,000 (£7,290) per year and will offer them wellbeing conversations.The move is in response to a sharp rise in deal activity and comes in the face of increased competition from rival banks, which has seen Credit ...
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ArticleCall to action launched for living wage
IDH, The Sustainable Trade Initiative, has published a Call to action: Better business through better wages, demanding companies take greater steps to pay a living wage to their staff.The group, which seeks to make trade more sustainable, launched the scheme to encourage organisations and their suppliers to take action. So ...
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ArticleRevolut staff can work abroad for two months a year
Digital banking app Revolut has said it will allow any of its 2,000 staff to work from abroad for up to two months a year.According to the company, the perk was predominantly introduced to accommodate the wishes of its substantially international workforce, who had a greater need to be able ...
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ArticleThe top 10 most-read articles between 18 March – 24 March 2021
The top 10 most-read stories on employeebenefits.co.uk between 18 March – 24 March 2021 were: Supreme Court dismisses sleep pay claimsHas the role of health cash plans changed during the pandemic?BAE Systems outlines placing mental health at the centre of wellbeing strategiesEmployee wellbeing findings a ‘wake-up call’ for actionBT gives ...
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ArticleBT gives staff £1,500 Covid-19 bonus
Telecoms company BT is to reward its staff with £1,000 in cash and a further £500 in shares as a thank-you for all their hard work during a difficult 12 months of lockdown.The awards will cost the business £110 million when it gives all 59,000 key workers the £1,000 sum ...
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ArticleEmployee wellbeing findings a ‘wake-up call’ for action
Joint research by YuLife and YouGov has revealed the deleterious impact on employee wellbeing and mental health from a year of lockdown.With at-home staff reporting feeling ‘always-on’ and having to juggle caring commitments, the study showed nearly a quarter of workers (22%) simply do not take any breaks at all ...
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ArticleEXCLUSIVE: BT discusses what reward will look like in a post-Covid world
Employee Benefits Insights 2021: Megan O’Shaughnessy, head of reward at BT, detailed the "growing importance of flexible reward strategies post-Covid" at the online event.O’Shaughnessy acknowledged that many organisations may not be in a position to offer traditional reward levers such as pay rises, bonuses or long-term incentive plans as a ...
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ArticleBP employees to work from home twice a week
BP has joined a growing list of large corporates making a shift towards more permanent working from home arrangements by asking staff to do so two days a week.The oil company said it expects all of its 25,000 office-based employees to adapt this pattern as part of its move to ...
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ArticleVodafone launches global menopause commitment
Telecoms business Vodafone has launched a range of global initiatives to support staff going through the menopause.The company's new ‘Menopause Commitment’ pledges that all employees will be assisted during their experience, with access to training, including a specially designed toolkit to raise awareness of the subject.The initiative builds on existing ...
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ArticleHLM Architects transitions to employee ownership trust
Camden-based HLM Architects and its subsidiary Llewelyn Davies have transferred to employee-owned status with immediate effect, following the firm's successful transition to an employee ownership trust (EOT).The business, which was last year named Architecture Practice of the Year in the Building Awards 2020, now has 100% of its shareholding held ...
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ArticleNational living wage to increase by £345 per year
Budget 2021: The national living wage (NLW) is to rise by £345 a year from April, Chancellor of the Exchequer Rishi Sunak confirmed in the Budget today (3 March).Under the plans, the existing rate of £8.72 an hour will increase by 19p to £8.91 – equivalent to £345 annually for ...
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ArticleWomen twice as likely to quit due to caring responsibilities
New research from Vodafone - released to coincide with the introduction of its new global parental leave policy - has found that women are more than twice as likely than men to quit their jobs because of caring responsibilities.The finding, revealed in the telecommunications company's Lost connections: supporting carers in ...
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ArticleSainsbury’s gives employees thank-you bonus and pay rise
Employees at supermarket giant Sainsbury’s have twice as many reasons to feel happier this week after it was announced they would receive both a bonus and a pay rise.As a thank you to staff, the company is awarding a 3% annual bonus, which will mean the average full-time employee will ...
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ArticleEXCLUSIVE: Less than half of UK firms have a wellbeing strategy
Despite being nearly a year into lockdown, less than half of businesses (44%) have a wellbeing strategy in place, according to Aon research exclusively shared with www.employeebenefits.co.uk.The study polled 332 employee benefits and rewards specialists for the company's UK benefits and trends survey 2021 and found that only a minority ...
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ArticleOYO Hotels appoints Juan Greuter as senior HR business partner
Franchise hotel group OYO Hotels has appointed Juan Greuter as its senior HR business partner.Greuter, who brings more than 17 years’ of experience in working HR, has a remit to drive OYO’s people strategy in line with the company’s stated values of respect, trust, resilience and action-orientation.He joins OYO UK ...
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ArticleClifford Devlin launches employee ownership trust
Demolition firm Clifford Devlin has announced it has become employee owned, after 100% of company shares were transferred into an Employee Ownership Trust (EOT).The interests of the London-based business, run by the second generation of founders, will now be looked after by the EOT.The company, which celebrates its 60th anniversary ...
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ArticleEXCLUSIVE: Standard Chartered Bank to discuss how reward should be redefined post-Covid
Susan Tew, global diversity manager at Standard Chartered Bank, will explore the changing face of reward in light of the Covid-19 (Coronavirus) pandemic at the Employee Benefits Insights 2021 event.Employers will learn how extreme challenges can drive a redefinition of the way businesses work, and how to achieve positive employee-endorsed ...
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ArticleSony appoints Sonia Grant-Yendell
Sony/ATV Music Publishing has announced it has appointed Sonia Grant-Yendell as its new VP, human resources (UK & International).Based in the London office, Grant-Yendell will lead the UK and international HR team and will report directly to senior vice president (global human resources) Elicia Felix-Hughey.As well as partnering with Sony/ATV's ...
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ArticleEXCLUSIVE: Inpulse launches employee ownership trust
EXCLUSIVE: Inpulse, the employee engagement firm, has become employee owned, with 75% of shares being given to employees.The move sees the ten-employee strong business transfer three-quarters of its shares to staff through an employee ownership trust (EOT). The trust appoints one of its own trustees to look after the business, ...