All Pay strategy articles – Page 119
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Supplier articleHow salary sacrifice schemes work for furloughed employees
With the Coronavirus Job Retention Scheme (CJRS) now extended until March 2021, how will this affect your salary sacrifice schemes?Thankfully, employers have options when it comes to managing their salary sacrifice schemes for furloughed employees and employers can work with their staff to come to the best arrangement to suit ...
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ArticleBloomsbury reimburses employees for Covid-19 pay cuts
Publishing house Bloomsbury will reimburse employeeswho were affected by pay cuts during the Covid-19 (Coronavirus) pandemic.Due to the financial uncertainly caused by the pandemic, from April to June 2020, employees within the organisation were subject to pay reductions of up to 30%, with senior staff being the most adversely affected. ...
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ArticleSainsbury's rewards employees with 10% bonus payment
Supermarket chain Sainsbury's is rewarding 116,400 employees with a 10% bonus, to recognise their efforts dealing with the increasing demand for supplies during the Covid-19 (Coronavirus) pandemic.The bonus, which willequate to 10% of employees’ salary based on hours they worked over a four-week period,is the second special payment that Sainsbury's ...
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ArticleMedian weekly earnings decrease by 18.1% for staff in accommodation and food service roles
The median weekly earnings for full-time employees working in accommodation and food service roles have seen a 18.1% decline since 2019, according to research by the Office for National Statistics (ONS).Its Employee earnings in the UK: 2020 report, published November 2020, which uses data from the Annual survey of hours ...
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ArticleSiemens rewards employees with €1,000 bonus
Global technology organisation Siemens is rewarding its employees with a special one-time bonus to recognise them for their hard work during the Covid-19 (Coronavirus) pandemic.Over 300,000 employees globally, except for senior managers, will receive up to €1,000 (£899) in a one-time payment. The new bonus, paid to employees by the ...
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ArticleIkea introduces pay freeze for UK employees
Swedish retailer Ikea has introduced a pay freeze for its UK employees to deal with the ramifications of the Covid-19 (Coronavirus) pandemic.The organisation, which haspausedpay reviews to solidify its financial positioning over the coming months, has also put on hold its plans to become accredited as a real living wage ...
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OpinionLucy Lewis: What the extension of the furlough scheme means for employers
The Coronavirus Job Retention Scheme (CJRS) had been expected to end on 31 October 2020, but Boris Johnson, UK prime minister, announced the very same day that it would be extended until December 2020 in light of new lockdown measures introduced in England.The CJRS aims to keep people in work ...
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ArticleBecton, Dickinson and Company ordered to pay $100,000 in back wages
New Jersey-based medical organisation Becton, Dickinson and Company has been ordered to pay 104 African American female employees £100,000 (£76,606) in back wages by the US Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP).The organisation was found to have paid 104 African American women working in hourly-paid manufacturing ...
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ArticleWPP defers bonus payments
Image credit: The DrumCommunications organisation WPP has postponed its bonus payments for 2020 due to the financial ramifications of the Covid-19 (Coronavirus) pandemic. The organisation has a performance-related bonus structure in place allowing employees below board-level to receive an extra annual payment based on how well they perform during the ...
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ArticleHogan Lovells returns newly qualified lawyers to full pay
International law firm Hogan Lovells will return its newly qualified associates to full pay following the cuts that were put in place due to the Covid-19 (Coronavirus) pandemic. InApril, the organisationintroduced pay cuts for newly qualified lawyers in London and Birmingham, with their pay being reduced to £85,000 and £46,000 ...
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ArticleWelsh social care staff to receive full sick pay
Social care staff working in Wales will receive enhanced sick pay entitlements to support them financially during the Covid-19 (Coronavirus) pandemic, effective 1 November.The new scheme, which has been put in place until 31 March 2021, will ensure that all social care staffworking in care homes, domiciliary care and personal ...
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ArticleGovernment extends Coronavirus Job Retention scheme
The government has extended its Coronavirus Job Retention Scheme (CJRS) until December 2020 to support those most impacted by the most recent measures put in place due to the Covid-19 (Coronavirus) pandemic.The government, under the new extension will pay up to 80% of employees' wages, with a cap of £2,500, ...
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ArticleLloyds Banking Group cancels bonus payments for senior staff
Financial services organisation Lloyds Banking Group has cancelled its bonus payments for 2020 to deal with the financial constraints of the Covid-19 (Coronavirus) pandemic.The organisation, which employs 65,000 staff, made the decision to cancel its bonus and pay reviews due to the £602 million tax loss that Lloyds Banking Group ...
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ArticleThe Office for Standards in Education gives 85% of staff performance-related pay
More than four-fifths (85%) of employees working for The Office for Standards in Education (Ofsted) departments have received non-consolidated performance-related payments (NCPRP).The data, published by the Department for Education (DFT) in its 2018-19 report, found that some employees at Ofsted earned as much as £5,000, with the median payment standing ...
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ArticleCo-op introduces diversity strategy to address ethnic inequality
Supermarket retailer Co-op is committed to addressing the issues that employees from ethnic minority groups may face in the workplace.The organisation, which currently employs 65,000 staff, has set out a number of steps including publishing its ethnicity pay gap data annually from 2021. The employer will also call on the ...
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ArticleDentons returns 1,100 employees to full pay
Multinational law firm Dentons will return its employees to full pay following the cuts that were put in place due to the Covid-19 (Coronavirus) pandemic, effective November 2020.In April, the law firm asked its 1,100 UK employees to take a reduction in hours and pay. The new scheme saw staff ...
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ArticleWeymouth Town Council becomes accredited living wage employer
Weymouth Town Council has become a real living wage employer, accredited by the Living Wage Foundation.The organisation has announced its commitment to pay all employees rates that match the living wage of £9.30 an hour, in line with the living wage rates set by the independent accreditation organisation the Living ...
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ArticleDevon Air Ambulance provides flexible pay benefit for 135 staff
Emergency medical service Devon Air Ambulance is giving its 135 employees early access to their pay to avoid financial hardship throughout the Covid-19 (Coronavirus) pandemic.The organisation, which has partnered with income streaming platform Hastee, is giving its employees the opportunity to withdraw up to 25% of their pay, as and ...
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ArticleHolland and Barrett gives 5,000 employees early access to pay
Health food retail chain Holland and Barrett is giving its 5,000 staff instant access to their pay to support their financial wellbeing during the Covid-19 (Coronavirus) pandemic.The organisation, which has partnered with incoming streaming platform Wagestream, will give employees the flexibility to access as little, or as much, of their ...
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ArticleHelen Watson: Government support during Covid-19
Many commentators have expressed concern that while organisations are legally required to close (for example, being in a tier three area) will benefit from the support of the expanded Job Support Scheme (JSS), in other areas, particularly those with tier two restrictions, organisations are suffering significantly from reduced footfall. The ...