News – Page 70
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ArticleDebt default fuels growth in international pensions
Sovereign country debt defaults plus a desire by employers to improve the benefits packages of expats and foreign workers on local contracts has seen a huge rise in international pensions, according to a new report.Willis Towers Watson’s International pension plan survey reported a 6% rise in the number of International ...
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ArticleClifford Devlin launches employee ownership trust
Demolition firm Clifford Devlin has announced it has become employee owned, after 100% of company shares were transferred into an Employee Ownership Trust (EOT).The interests of the London-based business, run by the second generation of founders, will now be looked after by the EOT.The company, which celebrates its 60th anniversary ...
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ArticleEXCLUSIVE: Standard Chartered Bank to discuss how reward should be redefined post-Covid
Susan Tew, global diversity manager at Standard Chartered Bank, will explore the changing face of reward in light of the Covid-19 (Coronavirus) pandemic at the Employee Benefits Insights 2021 event.Employers will learn how extreme challenges can drive a redefinition of the way businesses work, and how to achieve positive employee-endorsed ...
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ArticleHarrogate Council becomes living wage employer
Harrogate Borough Council will now become a living wage employer, after a last-minute amendment to its annual budget was approved by councilors.The amendment was proposed by councillor Philip Broadbank, after learning existing budget plans would see some employees working on what he called “poverty pay,” - potentially forcing many to ...
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ArticleAstraZeneca boss and staff to receive same pay rises
Pascal Soirot, CEO of pharmaceutical giant AstraZeneca, will receive the same 3% pay rise as the rest of his staff.Despite the company's ongoing success, including seeing its share price jump by 11% after the World Health Organization approved its Covid-19 (Coronavirus) vaccine, the boss’s base salary will increase from £1.29 ...
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ArticleGovernment waives IR35 penalties for 12 months
The government has published new guidance about how it will support organisations seeking to comply with upcoming off-payroll (IR35) changes.The document confirmed it will be mandatory for employers to assess a contractor’s employment status for tax purposes, and that those that do not will be fined.But it gives many businesses ...
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Article100,000 workers get early access to pay
The employees of more than 3,000 small- and medium-sized businesses will now be able to access up to 50% of their wages in advance, thanks to a partnership between two technology providers.York-based software company, RotaCloud – which already supplies employee scheduling/management solutions to the likes of Subway Sheffield Hallam University ...
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ArticleTribunal rules against pay deductions for sub-standard work
An employment tribunal has ruled that a law firm was not entitled deduct money from one of its consultant solicitors because it was unhappy with the quality of their work.Alastair Dobbie, a consultant at London-based Feltons, first raised the case in 2017 (including for unfair dismissal) after claiming deductions were ...
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ArticleCancer Research UK publishes gender pay gap report
Cancer Research UK has reduced its mean gender pay gap to 15%. The figure, based on a snapshot of employee pay taken on 5 April 2020, represents a significant improvement. The report showed its average gender pay gap was down from 18.7% in 2019 - a drop ...
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ArticlePoll: Two-thirds of employers do not link pay and bonuses to social responsibility goals
Employee Benefits poll: Two-thirds of employers do not link pay and bonuses to social responsibility goals.According to the latest Employee Benefits straw poll, 66.67% of www.employeebenefits.co.uk readers have no scheme under which employees are rewarded through pay rises or bonuses for meeting corporate responsibility targets.However the other third of respondents ...
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ArticleSony appoints Sonia Grant-Yendell
Sony/ATV Music Publishing has announced it has appointed Sonia Grant-Yendell as its new VP, human resources (UK & International).Based in the London office, Grant-Yendell will lead the UK and international HR team and will report directly to senior vice president (global human resources) Elicia Felix-Hughey.As well as partnering with Sony/ATV's ...
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ArticleExpat healthcare increasingly challenging
Businesses are finding it increasingly difficult to develop healthcare packages for international workers, according to a survey by AXA Global Healthcare.The World of Work research compares trends from 2017 and 2020, highlighting changes in the process of establishing and supporting international assignments.The survey found that of the 543 HR decision-makers ...
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ArticleWolseley appoints Ant Donaldson as UK reward manager
Wolseley, the plumbing, heating and cooling trade merchant, has announced the appointment of Ant Donaldson as its new UK reward manager.The role will see him specifically focus on developing the organisation's ongoing benefits strategy for over 4,500 employees. Donaldson has more than 20 years' experience of working in employee benefits. ...
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ArticleBritish Gas workers strike over changes to pay and conditions
More than 7,000 workers at British Gas have staged the first of three planned four-day strikes today in protest over its ‘fire and rehire’ policy that sees staff having to accept pay cuts and cuts to benefits.According to the GMB union, which is coordinating the strikes, British Gas owner Centrica ...
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ArticleThe top 10 most-read articles between 4 February - 10 February 2021
The top 10 most-read stories on employeebenefits.co.uk between 4 February - 10 February 2021 were: Arcadia staff set for employment tribunalGovernment suspends pay gap reporting enforcement100,000 NHS staff now have early access to wagesRevolut moves to permanent flexible workingWaterstones staff petition for minimum wageEmployer relationships weakened by Covid-19How can employers ...
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ArticleEXCLUSIVE: Inpulse launches employee ownership trust
EXCLUSIVE: Inpulse, the employee engagement firm, has become employee owned, with 75% of shares being given to employees.The move sees the ten-employee strong business transfer three-quarters of its shares to staff through an employee ownership trust (EOT). The trust appoints one of its own trustees to look after the business, ...
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ArticleEffective Consumable Solutions (ECS) becomes a real living wage employer
Doncaster-based Effective Consumable Solutions (ECS), has become the latest employer to become a real living wage employer.The remanufacturing organisation, which provides green copier and printer consumables solutions, has now committed to paying all of its employees a minimum salary of £9.50 per hour, the living wage benchmark set for employers ...
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ArticleBus drivers vote to strike over fire and rehire plans
Bus drivers working for Manchester-based operator Go North West have overwhelmingly voted to strike over claims its ‘fire and rehire’ policy will leave them worse off.The vote for industrial action comes after the Go North West sent ‘notice of termination of your employment’ letters to workers, asking them to rejoin ...
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Article67% of employees on low pay see salary cut due to pandemic
More than two-thirds (67%) of full-time, below-living-wage employees said their pay had been lowered for reasons related to the pandemic over the past year, according to a new report by The Living Wage Foundation.Life On Low Pay, a new report by The Living Wage Foundation, has revealed the depressing plight ...
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ArticleEmployees unaware of basic pension facts
Research by consumer watchdog Which? has found most employees are still in the dark about the most basic of pension facts – even though greater numbers do know how they can cash their pension pots in.The poll, conducted among 2,000 workers, revealed that only 38% could correctly identify 55 as ...