All Pay strategy articles – Page 116
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Article
Glenmorangie revamps family leave policy
Scotch whisky business Glenmorangie Company has refreshed its family leave policy so that staff can spend more time with a new child.The 175-year-old distiller has announced it will now give all new parents - whether they are natural birth parents, adopters, or surrogate parents - fully paid leave for 26 ...
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ArticleThousands of workers to get 9% pay rise on 1 April
From 1 April 2021 thousands of low-paid workers will receive a pay rise of almost 9%, as the eligibility for the national living wage is widened to include 23- and 24-year-olds.Announced by the chancellor in the Spending Review last November, the national living wage (NLW) rate will increase 2.2% from ...
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ArticleYounger women face £100,000 gender pensions gap
A new report from Scottish Widows has revealed that younger women face a six-figure gender pensions gap.The company’s findings, published to coincide with International Women’s Day, showed that a female saver can expect to have £100,000 less in her retirement pot thanks to time taken out of the workplace to ...
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ArticleDeliveroo to pay drivers bonuses of up to £10,000
Fast-food delivery giant Deliveroo has announced it is setting aside a £16 million ‘thank-you’ fund to reward its most loyal riders as part of its plans to float on the London Stock Exchange later this year.The payments range from £200.00 (given to drivers who have been with the business for ...
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ArticlePoll: Almost half of staff wages cut or frozen as pandemic bites
Employee Benefits poll: A fifth of UK employers have cut staff wages as a result of the Covid-19 (Coronavirus) pandemic, with another 25% implementing pay freezes.According to the latest Employee Benefits straw poll, 20% of organisations have reduced their employees’ salaries in direct response to the impact of Coronavirus.At the ...
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ArticleGender pay gap worsened by Covid-19
Research released to coincide with International Women’s Day today (8 March) has revealed the devastating impact Covid-19 (Coronavirus) has had on gender pay gaps.According to an analysis of hiring by global search engine Adzuna, job openings for women have suffered a year-on-year fall of 40.2% compared to those for men, ...
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ArticleNewham Council becomes living wage employer
Newham Council in east London has been officially recognised as a London living wage employer.The accreditation – given this week by the Living Wage Foundation – means all staff will receive at least the recommended £10.85 per hour.The council was also recognised for its ‘Community Wealth Building Pledge’ which insists ...
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ArticleHow will the Budget 2021 affect pay and benefits?
Chancellor of the Exchequer Rishi Sunak delivered his much-anticipated Budget speech to the House of Commons on Wednesday 3 March 2021. Below is a summary of the key announcements that could impact pay and benefits strategies:Income tax thresholds frozen until 2026UK furlough scheme extended until September Pensions lifetime allowance frozen ...
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ArticleHalfords repays £10.7m furlough payment
Halfords, the specialist cars parts and cycles retailer, has revealed it has repaid more than £10 million in government furlough payments, thanks to a surge in demand for bicycles during the Covid-19 (Coronavirus) pandemic.An overall sales uplift of +6.2% for the first seven weeks of 2021 means it has given ...
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ArticleIncome tax thresholds frozen until 2026
Budget 2021: Income tax thresholds will be frozen until 2026, Chancellor of the Exchequer Rishi Sunak said today (3 March).Setting out plans to help the UK recover from the £407 billion spent on Covid-19 (Coronavirus) support measures, he revealed the personal income tax allowance would rise with CPI as planned ...
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ArticleHMRC taskforce created to investigate furlough fraud among employers
Budget 2021: Chancellor of the Exchequer Rishi Sunak has announced the creation of a ‘taskforce’ to tackle fraud within the furlough scheme.Sunak revealed a £100 million investment in the HM Revenues and Customs' (HMRC) Taxpayer Protection Taskforce to crack down on those who defraud Covid-19 (Coronavirus) government support initiatives, including ...
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ArticleNational living wage to increase by £345 per year
Budget 2021: The national living wage (NLW) is to rise by £345 a year from April, Chancellor of the Exchequer Rishi Sunak confirmed in the Budget today (3 March).Under the plans, the existing rate of £8.72 an hour will increase by 19p to £8.91 – equivalent to £345 annually for ...
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ArticleUK furlough scheme extended until September
Budget 2021: The UK’s furlough scheme has been extended until the end of September, Chancellor of the Exchequer Rishi Sunak (pictured) confirmed in the Budget today (3 March).The Coronavirus Job Retention Scheme (CJRS), which currently pays 80% of furloughed employees’ wages up to £2,500 per month for hours that cannot ...
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ArticleSynergy Vision becomes employee-owned
Medical communications company Synergy Vision has become employee-owed, after transferring itself over to the Employee Ownership Trust (EOT).The business – which became well known for introducing a four-day week in 2018 – officially became employee-owned yesterday (2 March), after founder Ffyona Dawber signed the remaining papers transferring 87.5% of the ...
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OpinionSusan Kelly: Don’t discount changes to Tupe just yet
We’re barely a couple of months into our post-EU lives, and already there has been strong speculation about how workers’ future protections might change.Just a few weeks ago came the news that business secretary Kwasi Kwarteng was reviewing job protections; a move much criticised as signalling the start of the ...
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ArticleTomahawk denies abuse of furlough scheme
Steakhouse restaurant group Tomahawk has rejected accusations by the GMB union of bullying workers to lend it money to pay for their own national insurance (NI) and pension contributions.The union claims that a meeting was called for all staff, during which they were asked by the company if they could ...
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ArticleKeep updated with the Budget 2021
Tomorrow (3 March) Chancellor Rishi Sunak will deliver his long-awaited Budget 2021 – a statement widely anticipated to outline how the government will seek to rebalance the books after nearly a year of on-and-off economic shutdown.With debt now at 99.4% of GDP and borrowing at its highest level since 1993, ...
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ArticleGo North West drivers to strike indefinitely
The long-running ‘fire and rehire’ dispute between bus drivers at Go North West and their bosses escalated further over the weekend, with the announcement staff would be staging indefinite strike action.More than 500 drivers walked out yesterday (28 February) over the increasingly bitter dispute, which involves firing the drivers and ...
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ArticleSainsbury’s gives employees thank-you bonus and pay rise
Employees at supermarket giant Sainsbury’s have twice as many reasons to feel happier this week after it was announced they would receive both a bonus and a pay rise.As a thank you to staff, the company is awarding a 3% annual bonus, which will mean the average full-time employee will ...