News – Page 13
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ArticleNetflix UK, Writers’ Guild of Great Britain and Personal Managers’ Association agree pay deal
Credit: Elliott Cowand Jr / Shutterstock.comNetflix UK, Writers’ Guild of Great Britain (WGGB) and Personal Managers’ Association (PMA) have signed a new deal on remuneration for UK writers.The deal, which will apply to UK writers on Netflix scripted live-action commissioned series and is backdated to 1 February, is the first ...
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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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ArticleBank of England gives employees 4% pay rise
The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market.The deal, which was intended to match inflation, was accepted by the trade union ...
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ArticleSeatfrog, Sessions and Venuescanner implement financial wellbeing support
Train tech firm Seatfrog, food brand startup Sessions and event tech startup Venuescanner have introduced new financial wellbeing support for their employees?to support them with cost-of-living pressures.Through a partnership with AI money-saving tool Nous, employees at the three firms can access an automated service that finds fair deals for energy, ...
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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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ArticleLewis Silkin enhances parental leave
Law firm Lewis Silkin has enhanced its parental leave policy in order to offer equitable support for new parents.The policy, which comes into effect for employees with one year of service, whose children are due to be born or adopted from 1 April, will enable all new parents, regardless of ...
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ArticleThe top 10 most-read articles between 1 - 7 March 2024
The top 10 most-read articles on employeebenefits.co.uk between 1 - 7 March 2024 were: Asda to raise pay for 120,000 hourly-paid store employeesCurrys increases salary for 10,000 staff and boosts minimum pay ratesTesco to increase pay above the real living wageStay up to date with the Spring Budget 2024Surrey County ...
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ArticleVictoria and Albert Museum looks for David Bowie enthusiasts
Credit: Arthur D'Amario III / Shutterstock.comSomething for the weekend: The Victoria and Albert Museum (V and A) has begun its search for two cataloguers to help with the David Bowie Archive, which it is in the process of acquiring. If you’re good under pressure and with changes, then this could ...
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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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ArticleJohn Lewis Partnership and Co-op to increase pay
John Lewis Partnership and the Co-op are to increase their minimum pay rates for 2024.The Co-op has reaffirmed its commitment to paying the real living wage as recommended by the Living Wage Foundation, increasing its minimum hourly wage from £10.90 to £12, or from £12.25 to £13.15 in London. Team ...
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ArticleHow will the Spring Budget 2024 affect pay, pensions and employee benefits?
Image credit: photocosmos1 / Shutterstock.comChancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. Below is a summary of the key announcements that could affect employers' pay, pensions and benefits strategies:Spring Budget 2024: National insurance contribution (NIC) rate cut ...
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ArticleSpring Budget 2024: Government maintains fuel duty freeze for 12 months
Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living.The measure, which was announced in the Spring Budget, will save the average car driver £50 in 2024-25 through the extension of the ...
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ArticleSpring Budget 2024: National insurance contribution (NIC) rate cut to 8%
Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April.In his Spring Budget, Jeremy Hunt, Chancellor of the Exchequer, said that this will save the average worker on a salary of £35,400 around £900 a year, ...
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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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ArticleStay up to date with the Spring Budget 2024
Chancellor of the Exchequer Jeremy Hunt will deliver his Spring Budget 2024 speech at 12.30pm on Wednesday 6 March 2024.Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact pay, pensions and benefits for employers and staff.The Autumn Statement 2023's key ...
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ArticleSurrey County Council payroll error sees employees receive wrong wages
Surrey County Council has apologised to employees after an error with its £30m payroll system saw staff paid the wrong wages.Problems with its Enterprise Resource Planning system, which was introduced last June, have meant some employees including firefighters and teachers have been underpaid.Surrey County Council Trade Unions group, which brings ...
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ArticleCurrys increases salary for 10,000 staff and boosts minimum pay rates
Credit: bennphoto / Shutterstock.comRetailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay.Its store-based workers will now earn an average of £12.33 per hour, while its top-performing employees can earn on £13.95 an hour on average, with some able to earn ...
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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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ArticleWriters at the BBC and BBC Studios to receive 10% pay rise and increased residuals
Writers commissioned by the BBC and BBC Studios have accepted an increase in minimum fees and compensation for their work across new platforms, with immediate effect.The BBC Script Agreement for Television and Online was originally negotiated in 2017 by the Writers’ Guild of Great Britain (WGGB) and the Personal Managers’ ...
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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 ...