News – Page 28
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ArticleJeremy Hunt reverses almost all mini Budget tax decisions
Image credit: photocosmos1 / Shutterstock.comIn an unscheduled budget update today (17 October), Chancellor of the Exchequer Jeremy Hunt (pictured) has announced that the government will reverse almost all tax decisions made in the mini Budget in September, aside from those already in the process of Parliamentary legislation.Following the Mini Budget, ...
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ArticleOnly 15% of employees have their own income protection
Just 15% of working adults have their own income protection (IP) policy in place, while 12% have IP provided by their employer, according to research by protection specialist LV=.To mark Income Protection Awareness Week (17-21 October), LV= surveyed 4,000 UK adults to explore their attitudes to IP. The research also ...
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ArticleStansted Airport implements 10% minimum pay increase
More than 1,000 fire fighters, security officers, cleaners and passenger ambassadors employed by Stansted Airport have accepted a 10% minimum pay rise via a ballot.The improved pay offer agreement consists of an 8% increase backdated to 1 April 2022, and 2% from 1 October 2022, ending the threat of strike ...
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ArticleCardiff University awards staff £500 cost-of-living payment
Cardiff University has given parts its workforce a one-off £500 payment to be included in the November payroll, to help cope with the cost-of-living crisis.The executive board and council of the university, which employs 7,000 people, approved the payment earlier this week, and it was announced during a webinar.It will ...
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ArticleThe top 10 most-read articles between 7 - 13 October 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 7 and 13 October 2022 were: Natwest Group launches digital wellbeing platform for staffDiageo introduces support app to mark World Mental Health DayVirgin Media O2 launches £1,400 cost-of-living payment and improved leave policiesEXCLUSIVE: Sipsmith introduces financial wellbeing supportEXCLUSIVE: Ollie Ollerton says changing ...
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ArticleDarlington Building Society expands benefits and gives staff one-off payment
Darlington Building Society has awarded its 190 employees with a one-off £1,000 payment and expanded its benefits package.A £500 payment was given to the workforce this month in order to support them with cost of living challenges, with another £500 to be awarded in December.To mark World Mental Health Day ...
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ArticleEmployee Benefits Live 2022 speaker slides
Where speakers have given approval, we have uploaded the speaker slides for the keynote and conference sessions at Employee Benefits Live 2022, which took place on 5-6 October 2022 at ExCeL London.Thank you very much to all of the speakers for sharing their ideas, experiences and insights.Keynote speakersK1: Diversity, equality ...
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ArticleEXCLUSIVE: Nelsons launches financial wellbeing platform for staff
Nelsons, which owns the natural healthcare brands Rescue and Bach, has launched financial wellbeing assistance for its more than 220 UK employees in order to support them with the rising cost of living.Provided by Bippit, the platform includes unlimited access to Financial Conduct Authority (FCA) regulated financial coaches, matched according ...
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ArticlePret a Manger increases pay for second time in 2022
Pret a Manger has implemented a 5% pay increase from 1 December, for all UK employees across shops and its support centre, to support them during the rising cost of living.The coffee and food retail chain said that the pay increase will be awarded to shop employees irrespective of age, ...
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ArticleAsda ends premium pay trial for grocery delivery drivers
Supermarket chain Asda has announced that, as of on 21 October, it will end the £1.50-an-hour pay premium introduced in the summer to help attract and retain grocery delivery drivers.More than 1,500 drivers who deliver from certain London stores, including Charlton, Wembley and Colindale, as well as outlets in Bristol ...
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ArticleEXCLUSIVE: Sipsmith introduces financial wellbeing support
Drinks brand Sipsmith has launched an all-in-one financial wellbeing solution for its more than 60 UK employees, to help with their financial education.The platform, provided by Bippit, offers staff access to professional financial coaches and money management tools to help them make the most of their salary and navigate the ...
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ArticleTotallyMoney hires new head of people and culture
Credit app TotallyMoney has named Amanda Connolly (pictured) as head of people and culture.Connolly was recruited to work closely with the management team to shape the people and culture strategy. She has more than two decades of experience at Sainsbury’s and Save The Children UK, and has more than 15 ...
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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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ArticleEden Hotel Group unveils holistic wellbeing strategy
The Eden Hotel Group has launched an employee wellbeing strategy for its more than 450 members of staff, to coincide with World Mental Health Day (10 October).The strategy was shaped by a staff survey, which found that 81% were feeling negatively affected by the current financial situation, 62% suffered from ...
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ArticleEXCLUSIVE: Wickes leverages benefits schemes to bring cost savings
Employee Benefits Live 2022: Home improvement retailer Wickes has made a number of changes to its benefits schemes to bring cost savings to the business, while also supporting the financial wellbeing of staff.Addressing delegates at Employee Benefits Live 2022 in a session entitled ‘How to structure a compelling cost-effective benefits ...
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ArticleSony Music UK launches childcare funding scheme
Sony Music UK has introduced a policy that allows some of its parent employees to receive a financial contribution towards childcare costs for pre-school age children.The scheme provides lower and middle earners with up to a maximum of £15,000 funding per year towards the cost of childcare during working hours. ...
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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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ArticleiGO4 signs Menopause Workplace pledge and covers HRT cost for staff
Digital insurance business iGO4 has pledged to cover the cost of hormone replacement therapy (HRT) for employees, and has signed the Menopause Workplace pledge.The firm, which employs around 300 members of staff, signed the pledge in order to demonstrate its commitment to recognising the impact of the menopause, and the ...
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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 ...