News – Page 47
-
ArticleDundee Heritage Trust becomes living wage employer
Dundee Heritage Trust has become a Living Wage Foundation accredited employer.The organisation, which is an independent charity?that runs the Verdant Works and the Discovery Point museums in Dundee, will join 165 others that have received this recognition.According to the trust, it was heavily affected by the lockdown due to the ...
-
ArticleGivaudan completes £64 million bulk annuity deal
Flavours and fragrances manufacturer Givaudan has announced the defined benefit (DB) pension liabilities of its UK pension plan have been insured by Aviva.The £64 million bulk purchase annuity transaction means the DB pension liabilities for the 277 members of the scheme are protected, with the insurance provider taking responsibility for ...
-
ArticleZurich UK ethnicity bonus gap almost doubles
Insurer Zurich UK has revealed a sharp rise in its ethnicity bonus gap for 2021, which has increased to 37%, up from 19.6% in the previous year.The organisation attributes the widening gap to having fewer black and ethnic minority employees in senior roles.Zurich UK's ethnicity pay gap also rose to ...
-
ArticleThree in 10 millennials do not save into a pension pot
New research has found that nearly a third of millennials are not saving into a pension pot.The study was carried out in order to learn more about the younger generations and their attitudes and behaviours towards saving for retirement by pension provider Profile Pensions. It discovered that many of those ...
-
ArticleEmployers can furlough self-isolating employees
Employers can claim from the Coronavirus Job Retention Scheme (CJRS) for staff who are self-isolating, despite UK government guidance stating it is not what the initiative is intended for.The entitlement was first reported by Politico magazine after emails from civil servants complaining about government guidance were leaked. One email said ...
-
ArticlePremier Inn employees strike over living wage dispute
Premier Inn staff staged protests in England, Wales, Scotland and Northern Ireland yesterday (17 June), asking to be paid the living wage of £10.85 in London and £9.50 across the rest of the UK.The socially distanced protests took place at Premier Inns in London, Belfast, Glasgow, Tenby and Aberystwyth, the ...
-
Article26% of millennials took time off work due to stress
New research has revealed that 26% of millennials and 22% of Generation Z employees in the UK have taken time off work due to stress and anxiety caused by the Covid-19 (Coronavirus) pandemic.Deloitte’s tenth annual 2021 Millennial and generation Z survey was compiled of responses from 23,000 millennials and Gen ...
-
ArticleDiageo signs three-year pay deal for Scottish staff
Spirits and beers producer Diageo has agreed to a new three-year pay deal with unions Unite Scotland and GMB Scotland to increase wages with inflation for its Scottish staff.The arrangement, which is set to last until 2024, includes a 3% pay rise covering the last financial year. Wages will then ...
-
ArticleTyne and Wear Metro staff to strike over pay freeze
Tyne and Wear Metro employees have planned for seven days of industrial action over a pay dispute with their employer Swiss rail giant Stadler.The staff, who are members of the Unite and RMT union, are striking in response to a wage freeze from 28 June. Stadler, which maintains Metro’s train ...
-
ArticleGates Power Transmission faces industrial action over pay cuts
Hundreds of Gates Power Transmission employees will be balloted for industrial action due to the organisation's attempts to impose cuts on pay.The union GMB Scotland has served a formal notice to management at the Dumfries-based vehicle drive belts manufacturer, which is part of the Gates Corporation, stating that it will ...
-
ArticleHargreaves Lansdown becomes living wage employer
Hargreaves Lansdown has become a Living Wage Foundation accredited employer.The financial services company will join 164 others that have received such recognition, and is the forty-third accredited living wage employer on the FTSE 100 Index.Hargreaves Lansdown's commitment will see all staff and contractors receive at least £9.50 per hour across ...
-
ArticleFinances affect 39% of employees' mental health
New research has found that 39% of employees believe the current state of their finances negatively impacts their mental health.Conducted in collaboration with business wellbeing specialists Robertson Cooper, Aviva’s report Thriving in the age of ambiguity: building resilience for the new realities of work explored how employees’ relationship with finances, ...
-
ArticleGender pay gaps narrow for third consecutive year
Gender pay gaps at UK businesses have shrunk for the third year in a row, according to professional services firm PricewaterhouseCoopers (PWC)’s analysis on 2020 to 2021 disclosures.However, with more than three-quarters of companies having delayed reporting their pay gaps until 5 October, in line with the extension granted by ...
-
ArticleLVMH Group launches financial aid fund
The Louis Vuitton Moet Hennessey Group (LVMH) has introduced a fund to provide its workforce with emergency financial aid, as well as social and psychological support.The LVMH Heart Fund is a global assistance programme which was launched on 7 June and is available to the group’s 150,000 employees in more ...
-
Article16% of employees want to contribute more to their workplace pension
A total of 16% of employees plan to increase their workplace pension contributions as a result of the Covid-19 (Coronavirus) pandemic, according to findings from Close Brothers.The new report, Expecting the unexpected: a spotlight on preparing for a crisis, was compiled based on data from 2,000 UK-based staff at companies ...
-
ArticleGeneral Electric faces industrial action over pension reforms
UK division workers at General Electric (GE) have threatened industrial action over reforms to the company's pension schemes, following criticism from the union Unite.Back in January, the digital industrial company announced proposals to freeze the accrual of benefits for 2,800 staff across its UK businesses, as well as all current ...
-
ArticleBAM becomes living wage service provider
BAM Facilities Management, which is part of construction company BAM Construct UK, has become a Living Wage Foundation recognised service provider.BAM joins 163 companies already classed as recognised service providers, with the recognition meaning it is voluntarily paying its own employees a higher rate than the UK living wage. The ...
-
ArticleFTSE 350 pension scheme deficits increase to £81 billion
The accounting deficit for defined benefit (DB) pension schemes at the UK’s top 350 FTSE organisations increased by £5 billion to £81 billion in May this year, up from £76 billion in April 2021.According to Mercer’s Pensions risk survey, which analysed pension scheme deficits calculated using the approach organisations have ...
-
Article89% of employees prefer a flexible pay method
New research has revealed that nine in 10 employees prefer flexible pay, or Earned Wage Access (EWA), over alternative methods.The analysis was carried out by a group of financial charities, social impact research firm 60 Decibels, and charity-backed financial wellbeing service Wagestream. The study tracked the impact of employers removing ...
-
ArticleSodexo UK and Ireland reveals 5% ethnicity pay gap
Life services organisation Sodexo UK and Ireland has announced a mean ethnicity pay gap of 5%.The gap between all white employees and all black, Asian and mixed race employees is 5%, 7% and 2% respectively.This is the first time the company has included ethnicity data in its pay gap report, ...