News – Page 5
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ArticleParfitt Cresswell establishes employee ownership trust
Law firm Parfitt Cresswell has become employee-owned after transferring a significant interest in the business to an employee ownership trust.Through the employee ownership trust, staff can attain an indirect beneficial interest in the business and can share in its success through the use of tax-free bonuses up to £3,600 per ...
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ArticleSevern Trent Water reports 7.2% mean ethnicity pay gap for 2023
Water management organisation Severn Trent Water has reported a 7.2% mean ethnicity pay gap for 2023, up from 5.7% in 2022.The organisation’s median ethnicity pay gap for 2023 was 6.3%, up from 4.1% in 2022. Meanwhile, its mean ethnicity bonus gap was 50.7%, up slightly from 50.4% the previous year, ...
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ArticleNestle UK reports 7% mean hourly gender pay gap
Credit: Ken Wolter / Shutterstock.comFood and drink business Nestle UK has reported a 7% mean hourly pay gap in favour of women for 2023, an increase from its 4% gap in favour of women in 2022.The employer’s 2023 median hourly gender pay gap was 1% in favour of women, a ...
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ArticleCentrica reports 2% mean ethnicity pay gap
Energy supplier Centrica has reported a 2% mean ethnicity pay gap for 2023, down from 3% in 2022.The organisation’s median ethnicity pay gap for 2023 was 11%, down from 12% the previous year. Meanwhile, its mean ethnicity bonus pay gap was 4%, up from 0 the year before, and its ...
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ArticleAldi increases pay for store assistants and deputy store managers
Supermarket chain Aldi is to increase hourly pay for store assistants and deputy store managers from 1 June.The organisation, which has more than 1,000 stores, 11 regional distribution centres and 45,000 employees across Britain, will increase its national minimum pay rate from £12 per hour to £12.40 outside the M25, ...
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ArticleBAE Systems reports 7.7% mean gender pay gap for 2023
Arms, security and aerospace firm BAE Systems has reported a 7.7% mean gender pay gap for 2023, down from 8.6% in 2022.BAE Systems’ median gender pay gap was 8.7%, down from 8.3% the previous year. Both figures are lower than the organisation’s first reported ones in 2017, at 11.2% and ...
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ArticleCadent reports 7.89% mean gender pay gap for 2023
Gas distribution network Cadent has reported a 7.89% mean gender pay gap for 2023, down from 9.51% in 2022.The organisation, which has more than 6,000 employees, also reported a 16.58% median gender pay gap, a 38.56% mean gender bonus gap and a 58.76% median gender bonus gap. In 2023, 89.79% ...
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ArticleGreggs to share £17.6 million bonus among staff
Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit.In a webcast detailing the business’ latest results, chief executive Roisin Currie explained that Greggs will continue to share 10% of its profits with team members with at least six ...
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ArticleTesco to increase pay above the real living wage
Tesco is to increase the hourly pay for employees in stores from £11.02 to £12.02 per hour, which is above the 2024 real living wage outside London.It announced the rise after reaching an agreement with trade union Usdaw. Tesco remains one of the few supermarkets to recognise an independent trade ...
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ArticleNetwork Rail reports 7.4% mean gender pay gap for 2023
Network Rail has reported a 7.4% mean gender pay gap for 2023, down from 8.6% in 2022 and 9.9% in 2021.The rail operator’s median gender pay gap for 2023 was 9.3%, down from 10.9% in 2022 and 12.9% in 2021.Its mean gender performance-related pay gap for last year was -35.1%, ...
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ArticleAsda to raise pay for 120,000 hourly-paid store employees
Supermarket Asda has announced that its hourly-paid store employees will see an 8.4% increase in their pay effective 1 July as part of a £150 million investment.Its national rate will rise from £11.11 per hour to £12.04 and its rate for stores inside the M25 will increase from £12.28 to ...
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ArticleClarins reports 33.6% mean gender pay gap for 2023
Credit: Robert Way / Shutterstock.comBeauty and skincare brand Clarins has reported a mean gender pay gap of 33.6% for 2023, up from 29.9% in 2022.The employer’s median gender pay gap for the year was 53.3%, up from 47.9% in 2022. Its upper pay quartile in 2023 comprised 83.5% female and ...
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ArticleRolls Royce reports 1.2% mean hourly gender pay gap for 2023
Vehicle manufacturer Rolls Royce has reported a 1.2% UK mean hourly gender pay gap for 2023, down from 1.6% in 2022.Its median hourly gender pay gap 3.7%, compared to 3.6% the previous year. Its lower pay quartile consisted of 75% of men and 25% of women, whereas its upper pay ...
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ArticleAsda reports 6.6% mean gender hourly pay gap for 2023
Supermarket Asda has reported a 6.6% mean gender hourly pay gap for 2023, down from 7.6% in 2022.The employer’s median gender hourly pay gap for 2023 was 5%, up slightly from 4.7% in 2022. Its hourly-paid retail store employees make up 84% of its total workforce, while its upper pay ...
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ArticleThe top 10 most-read articles between 16 - 22 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 16 - 22 February 2024 were: Easyjet, Estee Lauder and Greggs fail to pay national minimum wageLondon Stock Exchange Group enhances global parental leaveAstraZeneca and Novo Nordisk named best places to work for women in 2023Super Bowl winners can receive bonus payment ...
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ArticleBarclays reports mean gender pay gap of 33.6% for 2023
Banking organisation Barclays has reported a mean gender pay gap of 33.6% for 2023, down 2.3 percentage points from 2022.Its median gender pay gap was 33.3%, down 4.4 percentage points from 2022. Its lower pay quartile comprised 66% females and 34% males, while its upper pay quartile was made up ...
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Article40% of UK staff feel supported through the cost-of-living crisis
Just 40% of UK employees feel their organisation is supporting them through the cost-of-living crisis, according to research by Reward Gateway.Its HR priority report, which surveyed 1,001 HR decision makers and 2,026 UK employees, also found that more HR leaders believe mental wellbeing should be a top priority in 2024 ...
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ArticleWelcome Break reports 6.38% mean gender pay gap for 2023
Motorway service station operator Welcome Break has reported a 6.38% mean gender pay gap for 2023, down from 8.6% in 2022.This is its lowest reported gap since 2018, which is a result of its efforts on managing pay increases and using a ‘compliance by complexity’ model. Meanwhile, its median gap ...
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ArticleThe top 10 most-read articles between 9 - 15 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 9 - 15 February 2024 were: B&Q to increase minimum hourly payAmazon workers begin three-day strike over payGreene King implements inclusive fertility and IVF treatment policyHermès to award €4,000 bonus to all employeesLinklaters reports 5.5% mean ethnicity pay gap for 202320% of ...
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ArticleSuper Bowl winners can receive bonus payment worth $164,000
Credit: kovop / Shutterstock.comLast weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player ...