News – Page 104
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ArticleTransport for London furloughs 7,000 staff on full pay
Transport for London (TfL) will place 7,000 employees on furlough with 100% pay, effective immediately.The transport business, which has approximately 28,000 employees, is furloughing around 25% of its workforce whose jobs have been drastically reduced or paused due to the ramifications of the Covid-19 (Coronavirus) pandemic.The government’s job retention scheme ...
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ArticleCMS splits bonus payments and defers salary reviews for 3,500 staff
International law firm CMS is deferring bonus payments and annual salary reviews for 3,500 employees to remain financially secure during the Covid-19 (Coronavirus) pandemic.The organisation has made the decision to split partner bonuses in two: 50% will be paid in July 2020, while the remaining 50% will be paid in ...
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ArticleNorthern Ireland teachers to receive 2.25% pay rise in September 2020
Northern Ireland teachers will receive an increase to their salaries in September 2020, following on from an agreement with Northern Ireland union parties.The new deal commits to a significant increase in teachers salaries. The 2.25% pay increase for all teachers will be backdated for 2017-2018, and a further 2% pay ...
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ArticleBGC, XPO and Northwell Health reward staff with appreciation bonuses
Brookshire Grocery Company (BCG), XPO Logistics and Northwell Health have awarded employees appreciation bonuses. for their hard work during Covid-19 (Coronavirus).Texas-based supermarket retailer BGG is giving its 14,000 retail employees an additional special bonus instalment, equalling half a week's pay. This is the second bonus paid to employees, with the ...
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ArticleEDsmart calls for Harry Potter fans to binge-watch every movie
Something for the weekend: Enterprise solution organisation EDsmart is hiring candidates to watch every Harry Potter and Fantastic Beasts movie from start to finish for $41.50 (£33.61) per hour.With many people having a lot of spare time on their hands, the organisation is looking for active and outgoing Harry Potter ...
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Article1,500 Marriott casual workers to receive furlough pay
Hospitality organisation Marriott International is placing 1,500 casual employees at its Marriott hotels on the government's Covid-19 (Coronavirus) job retention scheme.The government’s job retention scheme allows furloughed employees to receive 80% of their salary, capped at £2,500.The organisation previously had put this into doubt telling the casual workers it was ...
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ArticleClifford Chance defers partner bonuses and pay increases for 6,600 employees
International law firm Clifford Chance is taking several measures to deal with the ramifications of Covid-19 (Coronavirus) including deferring bonuses and delaying pay rises. Announced this week to 6,600 employees, the organisation has confirmed salary reviews and pay increases will be on hold indefinitely, with the earliest review date set ...
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ArticleFoxtons asks employees earning over £40,000 to take 20% pay cut
Estate agent Foxtons is asking employees earning over £40,000 a year to take a 20% pay cut, due to the financial constraints of the Covid-19 (Coronavirus) pandemic.Approximately 80% of employees, who have not been furloughed and are over the salary threshold of £40,000, have agreed to the voluntary pay cut ...
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ArticleCentral England Co-op rewards 7,400 front-line employees with Covid-19 bonus
Central England Co-operative is to reward its 7,400 front-line employees with a bonus to thank them for their hard work during the Covid-19 (Coronavirus) pandemic.Employees who work in store, in the distribution teams based in Leicester, and in Co-op Funeralcare stores will all receive one week's extra pay in their ...
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ArticleGrant Thornton reduces pay and hours for 300 employees
Accountancy firm Grant Thornton is reducing hours and pay for 300 employees during the Covid-19 (Coronavirus) pandemic.The organisation, which has 4,400 employees across the business, informed its employees the decision was due to a decrease in demand in some areas of the business, however, where possible, it will be redeploying ...
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ArticleShropshire Council reports 18.2% mean gender pay gap
Shropshire Council has reported a 18.2% mean gender pay gap for fixed hourly pay, as at 31 March 2019; the exact same pay gap from the reporting year 2018/2019.The organisation reported its gender pay gap data for full-time and part-time staff for 2019/2020, even though in March 2020 the government ...
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ArticleArsenal Football Club to defer pay for first team players and coaching staff
Arsenal Football Club's first-team players, the clubs head coach and core coaching staff, will take a temporary pay cut to financially deal with the critical effects of Covid-19 (Coronavirus), effective immediately.The 12.5% pay decrease will be repaid to players and coaches if the club reaches its financial targets when the ...
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ArticleGovernment extends job retention scheme to end of June 2020
The government announced on 17 April 2020 it would be extending the job retention scheme to 30th June 2020 to financially support businesses and their employees during the Covid-19 (Coronavirus) pandemic.The scheme was put in place 1 March 2020 to cover a period of three months, however, due to the ...
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ArticleBarratt Developments, Carntyre Transport and North Air to furlough staff on full pay
Barratt Developments, North Air, and Carntyre Transport will all pay furloughed employees in full.The government’s furlough Covid-19 (Coronavirus) job retention scheme allows furloughed employees to receive 80% of their salary, capped at £2,500. However, all three organisations have made the decision to pay their employees an additional 20% during this ...
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ArticleRolls-Royce asks furloughed staff to swap four days leave to receive full pay
Furloughed employees at British engineering business Rolls-Royce have been asked to have their annual leave reduced by four days in return for receiving full pay.The reduction would allow Rolls-Royce to top up the government's job retention scheme by 20%, ensuring its furloughed employees receive 100% of their salary. Under the ...
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ArticleAshurst defers 50% of bonus payments for 2,800 employees
International law firm Ashurst will defer 50% of bonus payments for its 2,800 eligible employees until November 2020 to deal with the financial constraints of the Covid-19 (Coronavirus) pandemic.The organisation will pay its employees half of their annual bonus in July 2020, with the remainder paid at the end of ...
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ArticleConfessions of a benefits manager: Candid looks at tax-effective benefits
You would think in these difficult times, the executive team would have more important things to think about, but their self-interest is immune. One of the guys in C-suite has asked us to focus on making executive benefits more tax-effective. Well, that’s not exactly what he said; in fact, he ...
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ArticlePaul Hastings offers 1,600 employees access to Covid-19 hardship fund
Global law firm Paul Hastings has launched a special fund to financially support any of its 1,600 employees needing assistance during the Covid-19 (Coronavirus) pandemic.The fund, which is part of the organisation's PH balanced initiative, has been generated through donations by employees, which have been matched by Paul Hastings.These grants ...
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ArticleGovernment job retention scheme extended to support new staff
Newly hired employees may now be eligible to receive support through the government's Covid-19 (Coronavirus) job retention scheme.The government's new guidelines, published on 15 April 2020, extend the eligibility date by a further three weeks, enabling employees who were employed on or before 19 March 2020 to receive financial support. ...
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ArticleNZ Prime Minister and public service chief executives take 20% pay cut
New Zealand Prime Minister, Jacinda Ardern alongside government ministers and public service chief executives, will take a pay cut for the next six months to deal with the impact of Covid-19 (Coronavirus) pandemic.The members involved will receive a pay cut of 20% to acknowledge the number of employees in New ...