News – Page 20
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ArticleAutumn Statement: Government announces plans to offer pension pot for life
Chancellor of the Exchequer Jeremy Hunt has announced plans to offer a pension pot for life in the Autumn Statement 2023.This will give employees a legal right to require a new employer to pay pension contributions into their existing pot, avoiding the accumulation of multiple pension pots throughout their working ...
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ArticleNational living wage to increase from April 2024
The national living wage is to increase from April 2024.Jeremy Hunt, Chancellor of the Exchequer, has announced it will rise by 9.8% to £11.44 per hour and will apply to those aged 21 and over for the first time. A full-time worker aged 23 will receive an increase worth £1,800 ...
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ArticleHalf of UK deskless workers live pay cheque to pay cheque
Half (50%) of UK deskless workers live pay cheque to pay cheque and are without spare cash once monthly bills are paid, according to research by OC Tanner.The employee recognition firm’s 2024 Global culture report gathered insights from more than 42,000 employees, leaders, HR practitioners and executives from 27 countries, ...
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ArticleThe top 10 most-read articles between 10 - 16 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 10 - 16 November 2023 were: Deutsche Bank completes £500 million pensions buy-inRSA Insurance to launch equal parental leave policySSE accredited as living pension employerUK employers could spend up to £15b on benefits staff do not wantBasic pay for private and public ...
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ArticleVirgin Voyages founder Richard Branson gifts flight staff free cruise
Credit: Stefano Tammaro / Shutterstock.comSomething for the weekend: More than 150 passengers and crew members on a Virgin flight from Melbourne to Hobart in Australia have been gifted a free cruise by founder Sir Richard Branson.Everyone on board the flight, including cabin crew, baggage handlers and pilots, on Thursday (16 ...
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ArticleRoyal Mail implements Christmas incentive scheme
Royal Mail has launched a bonus scheme in order to incentivise staff to meet its Christmas delivery targets.As part of the scheme, employees will be able to earn up to £500 extra if they hit local and national quality targets.Royal Mail’s renamed parent organisation, International Distributions Services, decided to implement ...
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ArticleAAT reports increasing ethnicity and gender pay gaps
The Association of Accounting Technicians (AAT) has reported a mean ethnicity pay gap of 25.3% in 2023, up from 24% in 2022.Its median ethnicity pay gap rose to 25.6% in 2023 from 23.6% in 2022. The report, which is based on hourly rates of pay on 5 April 2023, also ...
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ArticleMedian monthly pay for October up 5.9% year-on-year
Median monthly pay for October 2023 has increased by 5.9% compared to the same period last year, to an estimated at £2,276, according to data from the Office for National Statistics (ONS).Its labour market figures published on 14 November revealed that regular pay growth fell to 7.7% year-on-year in the ...
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ArticleDisabled staff earn 15% less than non-disabled peers
Disabled workers earn 15% less than non-disabled staff, according to research by Trades Union Congress (TUC).Its findings, which were published on Disability Pay Gap Day (14 November), from which disabled people effectively work for free for the rest of the year, also revealed that the pay gap for disabled workers ...
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Article45% of employers think the new living wage rate is enough
Employee Benefits poll: Almost half (45%) of organisations think the new real living wage rates of at least £12 per hour go far enough to support employees, according to a survey of Employee Benefits readers.One-third (35%) said they did not think the new real living wage rates go far enough ...
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ArticleBasic pay for private and public sector staff to rise by 5%
Basic pay for public sector workers is expected to increase by 5%, the same rate as private sector staff for the first time since early 2021, according to research from the Chartered Institute of Personnel and Development (CIPD).The professional body for HR and people development’s Labour market outlook, which is ...
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ArticleThe top 10 most-read articles between 3 - 9 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 3 - 9 November 2023 were: Lancashire County Council ordered to pay £800,000 in discrimination caseNon-NHS health staff win one-off bonusLyft and Uber agree to $328m settlement after pay and benefits were withheld35% of staff want financial support through personalised reward and ...
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ArticlePost Malone leaves restaurant employee a $3,000 tip
Credit: Delmiro Junior / Shutterstock.comSomething for the weekend: A waitress based in America has posted online praise of rapper and singer Post Malone, who left her a $3,000 (£2,426) tip at the end of his meal.Sharing her surprise at the tip on Reddit, the waitress explained that the US musician ...
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ArticleGovernment to legislate to retain rolled-up holiday pay
The government is to legislate to retain rolled-up holiday pay for irregular hours, zero hours and part-year workers and set out that it must be calculated based on total earnings in the pay period.Its announcement follows a consultation earlier this year that sought views on reforms to the Working Time ...
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ArticleGripple and Loadhog become living wage employers
Gripple, a South Yorkshire-based manufacturer of wire joiners, tensioners and suspension solutions, and its sister returnable packaging solutions firm Loadhog, have received living wage employer accreditation.Accredited employers are required to increase wages in line with new living wage rates within six months of them being announced, after which employees and ...
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ArticleAldi to thank employees by giving day off for Boxing Day
Supermarket chain Aldi will close all of its stores on Boxing Day in line with previous years in order to recognise and thank its employees for all their hard work.The retailer has made the decision to shut its doors on Boxing Day as a thank you to all members of ...
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ArticleDocklands Light Railway employees strike over pay
Credit: Tupungato / Shutterstock.comWorkers employed by contractors Keolis Amey Docklands that work on the Docklands Light Railway (DLR) have commenced strike action over a pay dispute.Keolis Amey Docklands has a contract with Transport for London (TfL) for operating the DLR.Members of union The National Union of Rail, Maritime and Transport ...
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ArticleLancashire County Council ordered to pay £800,000 in discrimination case
An employment tribunal has ruled that Lancashire County Council must pay out more than £800,000 to a teacher who was made to reapply for her job while on sick leave with cancer and then sacked.Anne Healey worked as an early years specialist for the council’s schools improvement service since 2012 ...
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ArticleVivid closes median gender pay gap
Affordable homes and support services provider Vivid has closed its median gender pay gap, falling to 0% from 13.5%.It reduced its 2023 mean gender pay gap by 14.6% points to just 0.5%. This is due to its rigorous set of benchmarked salaries for each role, its commitment to rewarding and ...
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ArticleNon-NHS health staff win one-off bonus
Thousands of health workers will now receive a one-off bonus after threatening legal action against the government.A payment of at least £1,655 was agreed for NHS workers as part of their pay deal in England, but thousands of outsourced staff did not qualify for this as they worked for non-NHS ...