All Pay strategy articles – Page 17

  • pension schemes retirement
    Article

    65% of pension scheme sponsors do not know how much members can expect at retirement

    5 August 2024

    Two-thirds (65%) of those running pension schemes do not know how much a typical member can expect at retirement, according to Aon’s latest research.The global professional services firm drew insights from 214 UK defined contribution (DC) schemes, with combined assets of over £60 billion and more than one million members, ...

  • median pay award June
    Article

    Median pay award for three months to June rose to 4.6%

    2 August 2024

    The median pay award across the economy rose slightly from 4.5% to 4.6% for the three months to June 2024, according to Incomes Data Research (IDR).Its latest analysis, based on a sample of 227 pay awards between 1 April and 30 June covering more than 1.9 million employees, also found ...

  • top10news25July-1Aug
    Article

    The top 10 most read articles between 26 July - 1 August 2024

    2 August 2024

    The top 10 most read articles between 26 July - 1 August 2024 on employeebenefits.co.uk were: National living wage to increase in line with median earningsCentral Co-op introduces new financial wellbeing benefitJunior doctors agree 22% pay dealCourt of Appeal upholds High Court ruling on Virgin Media pension schemeReeves confirms public ...

  • Hong Kong and Israel
    Article

    Hong Kong and Israel award Olympic athletes the biggest bonuses

    2 August 2024

    Credit: Hethers / Shutterstock.comSomething for the weekend: Most people have been glued to their televisions watching the Paris 2024 Olympics for the past few days, marvelling at the talent of the athletes. It turns out that some of them don’t just come home with medals, but with special bonuses as ...

  • gender pay gap data
    Article

    Equality watchdog names six employers that have not reported gender pay gap data

    1 August 2024

    Defence and security technology firm Ultra Electronics and Norchem Healthcare have been named as some of the employers that have missed deadlines to report their 2023-2024 gender pay gap data.Private sector organisations across Britain and English public bodies with 250 or more employees are legally required to publish their gender ...

  • Pay awards
    Article

    Unite launches campaign for fair pay and fair tips for hospitality staff

    31 July 2024

    Unite the union has launched a campaign to ensure hospitality workers receive fair pay and fair tips.The campaign will focus on ensuring that employees in the hospitality sector understand their rights and have the support and tools they need to collectively enforce those rights.Unite’s campaign will focus on: fair pay ...

  • shutterstock_1167259834payrise-6
    Article

    National living wage to increase in line with median earnings

    31 July 2024

    An extension of the national living wage (NLW) to all adults should be phased in year by year and the NLW rate should rise at least in line with median earnings after the government updated the Low Pay Commission’s (LPC) remit.In a written statement to Parliament, business secretary Jonathan Reynolds ...

  • employees holiday
    Opinion

    Patrick Glencross: Reforms to employee holiday rights

    31 July 2024

    Calculating annual leave and holiday pay for employees can be challenging, particularly for those who work irregular hours. The government has this year introduced significant changes to simplify the rules on holiday rights as part of its reforms to a range of employment rights that have developed from years of ...

  • Rachel-Reeves-shutterstock_2485463889-Fred-Duval
    Article

    Reeves confirms public sector pay rises of 5-6%

    30 July 2024

    Credit: Fred Duval/ShutterstockThe chancellor has confirmed that millions of public sector workers will get a pay rise this year, following recommendations from the independent pay review bodies.Most NHS workers, teachers and members of the armed forces will receive above-inflation pay rises of 5.5% to 6%, Rachel Reeves announced yesterday as ...

  • doctor
    Article

    Junior doctors agree 22% pay deal

    30 July 2024

    The government and the British Medical Association (BMA) have agreed a 22.3% pay deal for junior doctors.Chancellor Rachel Reeves confirmed the pay offer in her speech to parliament yesterday (29 July), saying that “today marks the start of a new relationship with the government and staff working in the NHS”.Reeves ...

  • Virgin Media pension scheme
    Article

    Court of Appeal upholds High Court ruling on Virgin Media pension scheme

    29 July 2024

    The Court of Appeal has upheld the High Court’s ruling that a written actuarial confirmation was required where an alteration to the Virgin Media scheme’s rules affected pension benefits for past or future service benefits.This was in relation to section 9(2B) contracted-out rights and was based on the relevant legislation ...

  • CNH pay deal
    Article

    CNH factory workers in Basildon accept two-year pay deal

    29 July 2024

    More than 500 production factory workers employed by agricultural machinery firm CNH have accepted a two-year pay deal, ending a long-running dispute.The workers, who are based at the firm’s Basildon, Essex factory, are members of trade union Unite. As a result of the deal, they will receive a weekly pay ...

  • Manchester Metrolink pay deal
    Article

    Manchester Metrolink tram employees accept pay deal

    26 July 2024

    Credit: Zhao Zheming / Shutterstock.comHundreds of employees working for Manchester’s Metrolink tram system have accepted an improved pay deal from their employer.The tram system is operated by Transport for Manchester, with its workers belonging to trade union Unite.Customer service representative employees at the bottom of the pay scale will receive ...

  • working parents impacted financially
    Article

    79% of working parents would be impacted financially by time off to care for ill child

    26 July 2024

    Almost four-fifths (79%) of working parents have, or would be, impacted financially in some way if they took time off work to care for their ill child, according to research by MetLife UK.Its survey of 3,003 working parents, with a child or children aged 22 and under also found that ...

  • Babcock Marine pay rise
    Article

    Babcock Marine naval base employees accept 7.5% pay rise

    25 July 2024

    A total of 600 workers employed by Babcock Marine have accepted a 7.5% basic pay rise backdated to August last year.The employees, who undertake specialist services for the UK’s nuclear deterrent submarines at the Coulport and Faslane naval bases on the Clyde in Scotland, are members of trade union Unite.The ...

  • Natwest Cushon rebrand
    Article

    Cushon rebrands to Natwest Cushon

    24 July 2024

    Credit: William Barton / Shutterstock.comPension and savings fintech Cushon has rebranded to Natwest Cushon a year after its acquisition by the banking organisation.Natwest took an 85% stake in the business and has invested in the development of its technology and products over the past 12 months. It will adopt Natwest’s ...

  • Irish government parent’s leave
    Article

    Irish government to extend parent’s leave benefit allowance

    22 July 2024

    The Irish government has announced that it will extend its parent’s leave benefit allowance from seven weeks to nine weeks as of next month.The extension is part of The Parent’s Leave and Benefit Act 2019 (Extension of Periods of Leave) Order 2024 and aims to improve work-life balance and gender ...

  • 18 July 2024
    Article

    The top 10 most read articles between 12 - 18 July 2024

    19 July 2024

    The top 10 most read articles between 12 - 18 July 2024 on employeebenefits.co.uk were: BT Group to roll out new family leave policyKing’s Speech introduces mandatory ethnicity and disability pay reportingEmma Reynolds named pensions ministerKing’s Speech introduces Employment Rights BillUtility Warehouse introduces personalised financial education for employeesGusto Group to ...

  • AC Hotel Marriott Glasgow
    Article

    AC Hotel by Marriott Glasgow looks for breakfast comedian

    19 July 2024

    Something for the weekend: Glasgow hotel AC Hotel by Marriott Glasgow is searching for a breakfast comedian to entertain guests throughout the Edinburgh Fringe Festival this August. After the hotel began to experience a spike in demand as accommodation prices in Edinburgh have shot up, and due ...

  • KingCharlesshutterstock_2351263105
    Article

    King's Speech introduces Employment Rights Bill

    17 July 2024

    Credit: Muhammad Aamir Sumsum / Shutterstock.comThe new Labour government is to introduce an Employment Rights Bill within its first 100 days as part of its plan to make work pay.Announced in the King’s Speech on Wednesday 17 July, the plan will create a new partnership between business, trade unions and ...