News – Page 6
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ArticleExclusive: Co-op wins Grand Prix at Employee Benefits Awards 2024
Co-op was presented with the highly coveted Grand Prix award at the Employee Benefits Awards 2024, which took place on Friday 14 June at The Honourable Artillery Company (HAC) in London last week.The Grand Prix is the ‘winner of winners’ accolade and is selected from the winning entries across all ...
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ArticleTyler Grange receives living wage employer accreditation
Environmental consultancy Tyler Grange has received living wage employer accreditation from the Living Wage Foundation.More than 80 staff employed by the London-based consultancy, which operates a four-day working week, will now be paid a minimum of £13.15 per hour, which is the rate for the capital. This will see employees ...
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ArticleExclusive: Younger staff more likely to prioritise family planning in financial goals
Younger employees are increasingly likely to prioritise family planning in their financial goals, according to research by financial education platform provider Nudge.Its annual Global financial wellbeing report, which surveyed more than 11,500 employees globally, including 2,000 in the UK, also found that 66% of UK men aged 25-34 are setting ...
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ArticleAston Martin increases pay and awards cost-of-living payment
Sports car manufacturer Aston Martin is to increase pay for more than 2,500 eligible UK employees and contractors.The two-year pay agreement includes a 4% annual pay increase for its workforce in 2024 and 2025. In addition, manufacturing technicians will receive a 1.5% rise in 2025 alongside a one-hour reduction in ...
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ArticleOne-third of employees feel less engaged due to personal finance issues
One-third of employees are less engaged at work and more likely to report unmanageable stress due to their personal finances, according to research by Engage for Success.Its UK employee engagement survey 2023, run in partnership with Nottingham Business School, received responses from more than 3,000 employees. The results were translated ...
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ArticleCollege supervisors at University of Cambridge accept 15% pay rise
College supervisors employed by the University of Cambridge have won an average pay rise worth 15%.The workers, who are represented by the Cambridge branch of the University and College Union (UCU), lead undergraduate tutorials or supervisions with students.They will receive new rates that have been introduced on the university’s salary ...
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ArticleVantec drivers for Rolls Royce win 6.1% pay rise
Drivers employed by Vantec, who supply parts to a Rolls Royce plant, have won a 6.1% pay rise and pay protection.The workers, who are members of trade union Unite, deliver components from the organisation's warehouse in Bognor Regis to Rolls Royce’s Goodwood plant. This is their first dispute after winning ...
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Article49% of employees do not know how they will access pension savings
Almost half (49%) of employees aged between 50 and 59 do not know how they will access their pension savings, according to research by workplace pensions provider TPT Retirement Solutions.Its survey of 2,500 defined contribution (DC) members also found that 23% of respondents would draw it down over time, 16% ...
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ArticleMenzies Aviation ground services staff at Glasgow Airport accept pay deal
More than 200 workers employed by Menzies Aviation at Glasgow Airport have accepted a one-year pay deal, which will increase pay packages by 6.8%.The ground services crew, who are members of trade union Unite, include dispatchers, allocators, airside agents and controllers.They overwhelmingly voted to accept the offer, which will be ...
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ArticleUK gender pay gap falls by 0.4% over past year
The mean gender pay gap has fallen by 0.4% in the past year, from 12.2% in 2022/23 to 11.8% in 2023/24, according to research by PricewaterhouseCoopers (PWC).The professional services firm found that among UK employers that disclose their hourly gender pay gaps, the median hourly pay gap has decreased from ...
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ArticleScottish government introduces pay rise for public sector employees
The Scottish government has implemented a pay rise for public sector employees worth an average of 9.3% over the next three years.The 2024-25 Public sector pay policy details a framework for pay increases for civil servants and other public sector workers. Apart from senior civil servants, it applies to those ...
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ArticlePower station staff employed by Nuclear Restoration Services strike over pay
More than 500 workers employed by Nuclear Restoration Services (NRS) have begun strike action today (29 May) in a dispute over pay and conditions.The craft technicians, general operators, engineers, maintenance fitters and safety advisors, who are members of trade union Unite, are based at the Dounreay power station in Scotland. ...
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ArticleStudy reveals the real-life salary of Legally Blonde's Elle Woods today
Credit: DFree / Shutterstock.comSomething for the weekend: Following the announcement of a prequel to the film Legally Blonde, a study by digital marketing firm Hennessey Digital has revealed what the real-life salary of lawyer and movie protagonist Elle Woods, played by Reece Witherspoon (pictured above), would be today.The firm first ...
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Article23% of employees unsure of pension size needed to achieve retirement income
Nearly one-quarter (23%) of UK employees are unsure of the size of pension pot they require to achieve their desired retirement income, according to research by online pension provider PensionBee.Its survey of 1,000 working-age UK adults also found that 15% of respondents thought they would need a pension pot of ...
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Article37% work through pain as they cannot afford to take time off
More than one-third (37%) of employees have worked through pain as they could not afford to take time off, according to research by National Accident Helpline.Its survey of 2,000 British workers also found that more than half of respondents have never taken a sick day during their career, while 28% ...
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ArticleBarking, Havering and Redbridge University Hospitals NHS Trust increases pay rates
Credit: David Burrows / Shutterstock.comBarking, Havering and Redbridge University Hospitals NHS Trust has increased its pay rates to be in line with the London living wage, backdated to April.The trust, which operates Queen’s Hospital in Romford and King George Hospital in Ilford (pictured above), has uplifted its band two bank ...
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ArticleCost of poor employee mental health is £51 billion per year
The cost of poor employee mental health has been found to be £51 billion per year, down from £56 billion in 2021, but up from £45 billion in 2019, according to new research from Deloitte.The professional services network surveyed 3,156 working adults, of which 1,834 were working parents, for its ...
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ArticleNovus Health becomes living pension employer
Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation.The employer delivers free audiology, physiotherapy and dermatology services on behalf of the NHS. It employs 65 members of staff from its Horbury headquarters and four local health and wellbeing hubs in Wakefield, Pontefract, Normanton and ...
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ArticleVivup and Canada Life UK shortlisted for Best supplier to work for
Employee benefits provider Vivup and group protection and investment provider Canada Life UK have been shortlisted in the Best supplier to work for category at the Employee Benefits Awards 2024.This award was created to recognise an organisation that uses its benefits package to position itself as an attractive employer beyond ...
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ArticleSiemens and Stockton-on-Tees Borough Council shortlisted for Best pensions strategy
Technology firm Siemens and Stockton-on-Tees Borough Council are among the employers shortlisted for Best pensions strategy at the Employee Benefits Awards 2024.This award was created to recognise organisations that have developed a pensions strategy which best meets the needs of employees, whether that includes reviewing and changing existing pensions provision, ...