News – Page 73
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ArticleMedian basic pay awards stabilise at 2%
Pay awards have stabilised for the first time in two years and 2% is the “new normal”, according to XpertHR.The median basic pay award in the three months to the end of August 2021 was 2%, compared to nil just over a year ago when employers were grappling with the ...
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ArticleWeetabix engineers strike over pay
Weetabix engineers have begun industrial action over changes to their pay that could result in them being up to £5,000 per year worse off.Picket lines were in place at factories in Burton Latimer and Corby in Northamptonshire this morning (21 September) at the start of a 48-hour strike by members ...
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ArticleActivision Blizzard recruits chief people officer
American video game holding company Activision Blizzard has hired Julie Hodges as chief people officer as part of a wider strategy to build a more inclusive workplace.Her appointment, which becomes effective from today (21 September), comes just two months after the company was served with a lawsuit from the California ...
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ArticleAAT publishes first ethnicity pay gap report
The Association of Accounting Technicians (AAT) has published its first ever ethnicity pay data report, revealing a slight increase in the pay gap and a fall in the number of ethnic minority staff in top jobs.AAT’s combined ethnicity pay data for 2020 and 2021, published alongside its latest gender pay ...
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ArticleJohn Laing completes £320 million bulk annuity deal
Infrastructure business John Laing Group has completed a £320 million bulk annuity deal for its pension fund members.According to the business, this is the second buy-in transaction with Aviva, following a £211 million transaction in December 2008, and will insure the defined benefit pension liabilities for 1,850 current pensioners. Fund ...
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ArticleItsu boosts staff pay to £10.40 an hour
Asian restaurant and grocery chain Itsu has announced all in-store workers paid weekly will get an 11% wage increase from today (17 September).The rise will be effective from 1 October for those paid monthly and will see entry-level pay go up to a minimum £10.40 per hour for 1,000 employees ...
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ArticleMale staff twice as likely to ask for pay rise
New research has found that twice as many male professionals are likely to ask for a pay rise than their female counterparts.In its latest whitepaper, Cendex, part of XpertHR, discovered that 23% of men are likely to request a wage increase compared with just 11% of women, raising the potential ...
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ArticleThe top 10 most-read articles between 10 September - 16 September 2021
The top 10 most-read stories on employeebenefits.co.uk between 10 September – 16 September 2021 were: Morrisons to slash sick pay for unvaccinated workersHow has the pandemic changed the shape of Christmas incentives and rewards?The Botanist offers £500 to test roast spuds71a gives staff pay rise after national insurance hikeGender pay ...
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ArticleKavitha’s keynote: Pensions awareness is a work in progress
This year’s Pensions Awareness Day took place on 15 September, with an aim of highlighting the importance of saving for retirement.Research carried out by HR and payroll services provider MHR, to tie in with the day, however, found that as many as one in four employees have no pension at ...
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ArticlePWC working class staff receive 12.1% less pay
PWC has revealed in its 2021 diversity report that its staff from a working class background, including partners, typically received 12.1% less pay than other colleagues.This is the first time the accounting firm's diversity report has published comprehensive pay gap data on socio-economic background and disability. The report also looks ...
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ArticleResearch reveals gender pension divide
New data has revealed that nearly two-thirds of male workers (64%) are confident they will retire at the age they intend to, compared to one in two (53%) females.Insurance and financial services organisation Canada Life surveyed UK 4,001 working adults who had received advice from a professional adviser and found ...
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ArticleLancaster University staff plan strikes in pension row
Lancaster University employee strikes are reportedly “inevitable” amid an ongoing dispute over pension cut plans.Last month (August), the University and College Union (UCU) emailed more than 50,000 members in Universities Superannuation Scheme (USS) institutions inviting them to a meeting to outline their preparation to ballot and take part in industrial ...
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ArticleGender pay gap advice published before deadline
The Chartered Management Institute (CMI) has published new gender pay gap advice in conjunction with the Equality and Human Rights Commission on measures organisations should be taking to address pay inequality.The Institute stressed that women were hit worst by the pandemic, citing research showing they were more likely to work ...
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ArticleMorrisons to slash sick pay for unvaccinated workers
Supermarket chain Morrisons has announced that it plans to reduce sick pay for unvaccinated employees in the hope that it will encourage more people to get the jab.According to the retailer, it also expects to save money by changing its policy from next month (October), although the wage reduction will ...
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Article366,000 jobs advertised without salary information
Nearly four in 10 UK vacancies - equating to more than 366,000 roles - are advertised without salary information, according to new research from job search engine Adzuna.The study analysed 1.9 million UK jobs advertised during the first half of 2021 and 2020 to find out which sectors offer the ...
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ArticlePoll: 90% of employers plan or consider staff pay rise
Employee Benefits poll: Nine out of 10 organisations are either planning to give staff a pay rise in 2022 or are considering the option.According to Employee Benefits' latest research, 43% of employers confirmed they will boost staff pay next year, while another 47% said the strategy was under consideration.Just 7% ...
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Article71a gives staff pay rise after national insurance hike
Gloucestershire, UK-based digital marketing business 71a has announced it will give its entire workforce a pay rise following the news that national insurance (NI) will increase by 1.25% next April.Edward Newman, who founded the start-up in 2019, promised his six full-time members of staff a pay augmentation next April in ...
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ArticleCosta Coffee gives staff 5% pay rise
Coffee chain Costa Coffee has announced a 5% pay rise for its 14,500 staff working at its business-owned UK stores.The organisation, which owns 1,500 stores in the UK, while another 1,200 stores are franchise-owned, has awarded employees with this as a way to thank them for their hard work during ...
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ArticleStaff would sacrifice £1,949 from salary for flexibility
Workers are willing to sacrifice an average of £1,949 from their salary in exchange for a better work-life balance, according to new research.Job site Indeed surveyed 2,000 employees and found that if those earning the average annual salary of £31,461 gave up £1,949 a year, they would lose 7% of ...
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ArticleThe Botantist offers £500 to test roast spuds
Something for the weekend: Have you ever considered putting the humble potato front and centre of your career plan? No? Well, think again, for restaurant chain The Botanist is on the hunt for a potato taster and will pay £500 for the privilege.The gastropub company, which has around 20 restaurants ...