News – Page 34
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ArticleChris Ronald: Employees need support through the cost-of-living crisis
Everyone is feeling the pinch. Inflation is outstripping benefits and wages, and coupled with recent tax hikes, real disposable income has reached its lowest point in decades. The Bank of England predicts the current cost-of-living crisis to last until next year, with the potential to continue into 2024. This is ...
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ArticlePWC implements pay rises of 7% and higher in £120m investment
From 1 July, professional services firm PricewaterhouseCoopers (PWC) will give 70% of its employees a minimum pay increase of 7% as part of the business' recognition of rising living costs and the competitive recruitment market.Those receiving a pay increase lower than 7% include employees at the top of their respective ...
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ArticleThe top 10 most-read articles between 17 June – 23 June 2022
The top 10 most-read stories on employeebenefits.co.uk between 17 June and 23 June 2022 were: Biffa awards refuse staff a minimum 24% pay riseFunding Circle introduces wellness allowance and enhances benefitsPremier Foods introduces modern working policiesRolls Royce awards staff £2,000 to help with cost of livingUber drivers strike over pay ...
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ArticleMedian basic pay increase sits at 4%
The median basic pay increase for the three months to the end of May 2022 was worth 4%, unchanged from the previous month and at its highest level since September 1992, according to research by XpertHR.Its analysis found that the median pay award is higher than the 2% recorded a ...
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ArticleRolls Royce awards staff £2,000 to help with cost of living
Engineering firm Rolls Royce has announced that it will award more than 14,000 of its workers a £2,000 one-off payment to help with the rising cost of living in the UK.Approximately 7,000 junior management and shop floor staff employees at its Derby site, which is where it makes large commercial ...
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ArticleThe top 10 most-read articles between 10 June – 16 June 2022
The top 10 most-read stories on employeebenefits.co.uk between 3 June and 9 June 2022 were: House of Commons signs Menopause Workplace PledgeMorrisons to pay staff at least £10.20 an hourBlenheim Palace launches staff benefits platformBritish Airways and North Yorkshire County Council shortlisted for Best voluntary benefitsWilson James awards Gatwick Airport ...
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ArticleLloyds Bank awards staff with £1,000 one-off payment
More than 64,000 employees at Lloyds Bank will receive a £1,000 one-off payment in order to help with the rising cost of living in the UK.The payment, which is due to be made in August, will be given to 99.5% of staff but not to senior management or executives. This ...
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ArticleCleaners at HCA protest over low pay and lack of sick pay
Credit: JHVEPhoto / Shutterstock.comOutsourced cleaners working in private healthcare giant HCA hospitals will be taking part in a protest outside its headquarters today at 3pm over “poverty pay" and a lack of proper sick pay.The workers, who are members of the Independent Workers’ Union of Great Britain (IWGB), will be ...
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ArticleWilson James awards Gatwick Airport staff 15% pay rise
Wilson James has awarded more than 300 workers employed at Gatwick Airport a 15% pay increase that has been backdated to 1 April.The deal, which the workers have voted to accept, is almost double a previous offer of 8.2%. A total of 6% of them, who got an additional 50p ...
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ArticleBolt staff strike over minimum wage and holiday pay
Workers employed by minicab operator app Bolt are staging a 24-hour strike on 15 June over rights such as the right to minimum wage and holiday pay.The workers, who are members of the App Drivers and Couriers Union, began began at midnight and will continue until 11:59pm tonight.The drivers have ...
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Article24% think their employer cares about their financial wellbeing
Only 24% of employees think that their employer actually does care about their financial wellbeing and 62% thought they should care, according to new research.Findings from the Building Societies Association (BSA) have highlighted that one in 20 employees (5%) said they would not be able to cover their living expenses ...
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ArticleHaier UK becomes accredited living wage employer
Home appliance brand Haier UK has become an accredited living wage employer, meaning all UK employees of the Haier Europe business will receive a minimum hourly wage of at least £9.90 across the UK, or £11.05 in London.Both rates are higher than the government minimum for those aged 23 and ...
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ArticleEU agrees minimum wage legislation to ensure decent living standards for workers
The European Union (EU) has agreed on legislation to ensure that minimum wages in all member countries are set high enough to guarantee decent living standards for workers.Parliament and Council negotiators decided to set adequate minimum wages as provided by national law and collective agreements, with the legislation applying to ...
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ArticleLiving Wage Foundation brings rate update forward as cost of living rises
The Living Wage Foundation, which calculates and publishes an annual real living wage, as well as providing accreditation to those employers that commit to pay it, has revealed it will pull its 2022-23 rate announcement forward to September.The living wage rate update is usually announced in November as part of ...
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ArticleFinTrU awards staff a £2,000 pay rise
Financial organisation FinTrU awarded the majority of its approximately 750 employees a pay increase to combat the current of the cost-of-living crisis.Effective from 1 July, employees will receive an additional £2,000 or €2,000 depending on their assigned location, or an additional 5% increase to their base salary, whichever is the ...
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ArticleDHL drivers delivering for JCB secure 9.5% pay rise
DHL delivery drivers working for construction equipment manufacturer JCB have called off a strike after accepting a 9.5% pay rise.The drivers, who deliver JCB parts between UK factories, had planned to take part in industrial action on Monday and Tuesday this week. However, after DHL offered a 9.5% pay increase, ...
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ArticleArriva drivers accept revised and backdated 3% pay offer
More than 1,000 London bus drivers employed by Arriva have accepted a revised and backdated pay offer of 3%, following three days of industrial action.An initial 48-hour strike was held in April over the dispute, as the workers based at garages in Brixton, Croydon, Norwood and Thornton Heath who operate ...
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ArticleBank of America ups minimum hourly wage to $22
Bank of America has announced that it is raising its US minimum hourly wage to $22 (£17) as of the end of June, seeing an annualised salary for full-time employees increase to more than $45,000 (£36,007.20).According to the bank, this builds on its history of being a national leader in ...
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ArticleSt Ermin’s Hotel becomes accredited living wage employer
St Ermin’s Hotel based in Westminster, London has received accreditation from the Living Wage Foundation.The hotel is part of the Autograph Collection and a subsidiary of Marriott Bonvoy, and the commitment will ensure that all 140 members of staff receive at least the London minimum hourly wage of £11.05. This ...
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ArticleNational living wage rose 26% between 2015 and 2019
The national living wage (NLW) rose by 26% between April 2015 and April 2019, more than twice the 12% increase in median hourly pay for NLW eligible workers, and faster than inflation (8%), according to the government’s Low Pay Commission (LPC).The LPC reviewed the NLW until April 2020, at which ...