News – Page 35
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ArticlePoor financial wellbeing affected 2.5 million private sector staff
New analysis has discovered that 2.5 million private sector employees have taken time off in the last 12 months due to poor financial wellbeing, resulting in a total of 13 million days off work.Carried out by Centre for Economics and Business Research (CEBR) on behalf of pension, investment and protection ...
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ArticleLidl Germany commits to pay staff €14 minimum wage
Image credit: Manuel Esteban / Shutterstock.comLidl Germany has committed to pay its employees a minimum entry-level wage of at least €14 (£11.93) gross per hour from 1 June.This will be an increase from the current Lidl minimum entry wage of €12.50 (£10.65) per hour, and will also exceed the ...
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ArticleTallymoney pilots paying staff in gold
Image credit: Ascannio / Shutterstock.comFinancial services firm Tallymoney has offered its 20-plus members of staff the chance to get paid in gold rather than pounds and pence, in order to help them stay ahead of inflation.Cameron Parry, chief executive officer at Tallymoney, has himself signed up to the scheme. Parry ...
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ArticleBBC awards staff 5.2% pay rise for 2022
The BBC has promised a 4.2% pay increase for its staff, followed by a further rise of 1% from August, bringing the total increase for 2022 to 5.2%.While this is 3% more than the annual pay increase provided by the broadcaster in 2021, it has acknowledged that this is still ...
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ArticleInsecure and low-paid work could be costing Treasury £10 billion per year
A Trades Union Congress (TUC) report has warned that the government’s failure to stop insecure and low-paid work could be costing HM Treasury £10 billion a year.According to the research, which used the latest tax and benefit modelling, low-paid self-employment costs £9.7 billion alone each year, and more than £192 ...
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ArticleHonest Burger and Claranet UK make shortlist for Best Financial Wellbeing Strategy - Small Employer at Employee Benefits Awards 2022
Restaurant chain Honest Burger and cloud and cybersecurity solutions firm Claranet UK have been shortlisted for the Best Financial Wellbeing Strategy – Small Employer category at the Employee Benefits Awards 2022.The award recognises a small employer with fewer than 1,000 employees that uses a proactive approach to addressing its workforce’s ...
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ArticleHalf of DC pension schemes driven to help employees retire at reasonable age
Almost half (46%) of defined contribution (DC) pension schemes are primarily driven by the aim to provide sufficient pension funds for employees to retire at a reasonable age, up from 29% in 2020, according to research by Aon.Its 2022 DC pension scheme and financial wellbeing survey, which surveyed schemes collectively ...
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ArticleLinkedIn to pay $1.8m in back wages to address equal pay disparity
Image credit: Ink Drop / Shutterstock.comEmployment networking site operator LinkedInhas reached a conciliation agreement with the US Department of Labor, in order to resolve allegations of gender-based pay disparities in its San Francisco and California locations.In a routine compliance evaluation, the Office of Federal Contract Compliance Program (OFCCP) found that ...
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ArticleAmazon to reimburse US staff for travel to access abortions
Online retail business Amazon.com has introduced a policy to reimburse employees for travel expenses for certain medical procedures, including abortions.The news comes as a leaked draft opinion outed the Supreme Court's potential decision to overturn landmark abortion protection case Roe v Wade, the most recent development in a long-running erosion ...
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ArticleStephenson Harwood offers full-time remote work for London leavers
Law firm Stephenson Harwood has offered employees in its London office the opportunity to move to a full remote-working arrangement, in exchange for a 20% reduction to pay.The firm told Employee Benefits that, during the pandemic, it opened up its recruitment to those not based in London, in order to ...
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ArticleTorrance Car Wash fined after committing wage theft
Torrance Car Wash, based in California, USA, will have to pay its workers almost $750,000 (£597,023) and nearly $70,000 (£55,722) in fines after a state investigators’ audit found it had committed wage theft.According to the California Labor Commissioner’s Office, the business was cited $815,311 for wage theft violations involving 35 ...
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ArticleChep staff vote to accept 9% pay increase deal
Staff employed by pallet supplier Chep at its site in Trafford Park, Manchester have voted to accept a 9% pay rise deal, ending a long-running strike.As well as receiving a pay increase that is higher than the current rate of inflation, and on average is worth £2,500, workers will get ...
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ArticleSsangYong Motors UK becomes living wage employer
Korean car manufacturer SsangYong Motors UK has received living wage employer accreditation from the Living Wage Foundation.Its living wage commitment will ensure that all of its UK employees will receive a minimum hourly wage of £9.90 per hour if they are based outside of London, or £11.05 per hour inside ...
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ArticlePay awards remain at highest level since 2008 but still lag behind inflation
HR software firm XpertHR has analysed 263 pay settlement outcomes, and found that the median basic pay award in the three months to the end of March 2022 was worth 3%, the same as the previous two rolling quarters.Pay awards therefore remained at their highest level since December 2008, when ...
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Article50% of employers have not introduced extra financial support
Employee Benefits poll: Half of employers have not implemented extra financial support for their staff to combat the cost-of-living crisis, and do not plan on doing so.A total of 12% of respondents to an online survey conducted by Employee Benefits Magazine said they have introduced some additional financial help for ...
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ArticleBarton's blog: What are employers doing to help mitigate the cost-of-living crisis?
The cost-of-living crisis continues to make its presence felt in all walks of life; headlines this week revealed that subscribers of online streaming services such as Netflix and Amazon Prime are falling in their thousands, with much of the blame placed on a need to cut unnecessary costs. The situation ...
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ArticleUK GlaxoSmithKline staff vote to strike in pay rise row
UK GlaxoSmithKline (GSK) employees have voted to strike against a “derisory” 2.75% pay rise offer from British Big Pharma, according to labor union Unite.A total of 86% were in favour of industrial action, with staff located in Scotland, Hertfordshire, West Sussex, Cumbria and Durham taking part in the ballot. The ...
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ArticleUK workplace pension participation up to 79% in 2021
The Office for National Statistics (ONS) has revealed that the workplace pension participation rate in the UK was at 79%, the equivalent of 22.6 million employees, in April 2021.This was a slight increase from 78% in 2020, which the ONS said could be partly be explained by increased public sector ...
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ArticleEmployment on the rise but real pay growth falters
The number of payrolled employees has increased between February and March 2022 for all regions of the UK except for the North West, according to research from the Office of National Statistics (ONS).For the three months ending February 2022, the highest employment rate estimate in the UK was in the ...
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ArticleEXCLUSIVE: 86% say staff need more wellbeing support post-pandemic
EXCLUSIVE: New research has revealed that 86% of employers believe employee expectations have changed and that they require more health and wellbeing support since the onset of the Covid-19 (Coronavirus) pandemic.Towergate Health and Protection carried out research into the changes in health and wellbeing aid needed by employees since Covid-19 ...