News – Page 47
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ArticleUniversity of the Arts London updates parental pay and leave
University of the Arts London (UAL) has updated its parental pay and leave provision to provide equality regardless of gender, sexual orientation or how staff become parents.Salaried employees and hourly paid lecturers are now entitled to 26 weeks of full maternity and paternity pay, with the continuous service requirement reduced ...
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ArticleVirgin Media O2 launches £1,400 cost-of-living payment and improved leave policies
Virgin Media O2 has introduced a support payment for employees, alongside flexible leave policies, as part of its ambition to become more inclusive and equitable.The business, which employs around 18,000 people in the UK, has awarded employees who earn £35,000 and under a £1,400 support allowance to assist them with ...
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ArticleThe top 10 most-read articles between 30 September - 6 October 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 30 September and 6 October 2022 were: EXCLUSIVE: Warner Bros Discovery urges employers to create a sense of belonging to retain staffTribunal awards £36,000 to woman denied flexible workingLyneal Group establishes employee ownership trustCurrys gives staff second pay rise for 2022Deloitte expands ...
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ArticleDeloitte expands family policies and launches flexible pensions
Deloitte has made improvements to its family policies and will offer its 22,000 UK employees greater choice in how they receive the value of its pension contribution.The length of its enhanced maternity and adoption pay has increased from 16 weeks of full pay and 10 weeks of half pay, to ...
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ArticleSaga awards lowest-paid staff £1,000 cost of living payment
Saga, a provider of products and services for people aged 50 and over, has given its lowest-paid employees a £500 cost of living payment in their latest pay packet.The business, which employs more than 2,500 people, informed its workforce of this decision in an internal memo. It also outlined plans ...
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ArticleSkanska UK to give 1,300 employees one-off £750 payment
Skanska UK has invested almost £1 million to provide a one-off cost-of-living support payment to 1,300 of its 3,300 members of staff.The 1,300 lowest paid Skanska UK employees will be given a one-off bonus payment of £750 in November 2022, in order to help them address the challenges of rising ...
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ArticleAmazon invests $1 billion in increased US wages
Retail business Amazon has committed to invest almost $1 billion (£895.4 million) into raising its hourly paid US employees’ wages, and expanding its wage access programme, as of October.The average hourly pay for front-line staff in customer fulfilment and transportation will increase from $18 (£16) per hour to more than ...
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ArticleDee Set Group introduces flexible pay and financial wellbeing support
Retail solutions firm Dee Set Group has introduced financial wellbeing support for its more than 3,000 employees in the form of an earned wage access platform and financial coaching as of this week.Provided by Wagestream, the system allows employees to draw up to 50% of their salary out at any ...
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ArticleCurrys gives staff second pay rise for 2022
Technology retailer Currys has introduced a pay rise of 3.5% for its 10,000 hourly paid UK staff as of 30 October, announced just one month after a previous increase came into effect.Hourly rates have been increased by to £10.35 per hour?and £11.43 in?London, in what is the third raise in ...
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ArticleThe top 10 most-read articles between 23 - 29 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 23 and 29 September 2022 were: Government scraps 45% tax rate on incomes above £150,000Natwest Group replaces paternity leave with inclusive partner policyGovernment drops income tax basic rate to 19% one year earlyHSBC UK and Bristol Myers Squibb named among top menopause ...
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ArticleNDreams increases annual salaries by £1,000
Virtual reality game developer NDreams has increased the yearly salary for each of its 180 full-time employees by £1,000, in order to address rising UK energy bills.The business is headquartered in Farnborough, Hampshire, with many of its staff working on a hybrid or remote basis. It has increased salaries for ...
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ArticleJust Group awards cost-of-living payment to employees
Retirement specialist firm Just Group is to make a one-off additional payment to two-thirds of its workforce next month in order to help them through the cost-of-living crisis.Employees earning an annual salary under £50,000 will receive a one-off payment of £1,200, while those on a salary between £50,000 and £60,000 ...
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ArticleBNP Paribas enhances paid parental leave policy for US staff
BNP Paribas is to enhance its paid parental leave policy for all eligible US employees.From 1 October, it will offer up to 24 weeks of fully paid leave for the birth parent and up to 16 weeks fully paid leave for the non-birth parent.The organisation has made these enhancements as ...
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ArticleHow will the Mini Budget 2022 impact pay and benefits?
Mini Budget 2022: Chancellor of the Exchequer Kwasi Kwarteng delivered his Mini Budget speech in the House of Commons on Friday 23 September. This included a number of key annoucements that could impact pay and benefits.Government scraps 45% tax rate on incomes above £150,000Government scraps temporary national insurance increaseGovernment drops ...
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ArticlePhoenix Group increases paid reservists leave
Long-term savings and retirement business Phoenix Group has extended its paid reservists leave to 10 days.The group, which employs 8,000 workers and has offices across the UK in Edinburgh, Wythall, Telford and Basingstoke, had previously offered five days of leave.The extension, which was announced at the start of National Inclusion ...
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ArticleSkanska UK updates family friendly benefits and leave
Construction firm Skanska UK has enhanced its maternity, paternity, adoption and dependants benefits with immediate effect for its more than than 3,300 employees across the real estate, defence, education, highways, rail and water sectors.Skanska UK increased maternity and adoption leave to 26 weeks fully paid, and paternity leave to eight ...
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ArticleNatwest Group replaces paternity leave with inclusive partner policy
Natwest Group has introduced an enhanced parental leave policy, referred to as 'partner leave', for employees in the UK, Guernsey, Jersey, Gibraltar, Republic of Ireland, India and Poland, which will come into effect in January 2023.The partner leave allowance has replaced the bank's existing paternity leave policies and provide the ...
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ArticleGovernment scraps 45% tax rate on incomes above £150,000
Mini Budget 2022: The UK government has announced that it will scrap the 45% tax rate on incomes above £150,000 as of 6 April 2023.Chancellor of the Exchequer Kwasi Kwarteng told the House of Commons that the 45% tax rate would be replaced with a 40% rate in order to ...
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ArticleLidl GB increases entry level pay to £10.90 an hour
Supermarket chain Lidl GB has increased the hourly pay rate of all store and warehouse employees, effective from 1 October and representing a £39.5 million investment.The business has increased entry-level pay from £10.10 to £10.90 per hour for those outside of London and £11.30 to £11.95 per hour for those ...
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ArticleGovernment scraps temporary national insurance increase
Mini Budget 2022: The government has scrapped the temporary 1.25 percentage point increase to national insurance (NI) contributions for the 2022/23 tax year.Chancellor of the Exchequer Kwasi Kwarteng announced in his Mini Budget speech, that as of 6 November, NI rates will drop to their previous percentage levels. Class One ...