All Pay strategy articles – Page 22
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Case StudiesTaylor Wessing includes crypto tokens in recognition programme
Global law firm Taylor Wessing introduced an incentive programme in 2023, enabling its UK lawyers to award, trade and redeem crypto tokens, known as LAW Tokens. Paul Thorpe, a partner at Taylor Wessing and one of the leads on the initiative, says there are several reasons behind the programme. “We’re ...
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AnalysisDoes crypto currency have a role to play in employers' pay strategies?
Need to know:Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them.Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more ...
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ArticleHenkel implements paid global gender neutral parental leave
Chemicals firm Henkel has introduced fully paid gender neutral parental leave for its 50,000 employees worldwide.The firm’s employees in 80 countries will have the opportunity to take up to eight weeks of fully paid parental leave. The length of the leave is based on the caregiver role as opposed to ...
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ArticleLloyds Banking Group reports 5.7% mean ethnicity pay gap
Credit: William Barton / Shutterstock.comLloyds Banking Group has reported a 5.7% mean ethnicity pay gap for 2023, which is a 1% increase on its 2022 figure.The group’s median ethnicity pay gap was 12.5%, remaining the same as 2022’s figure. Its mean ethnicity bonus gap was 29.2%, which is 17.1% higher ...
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ArticleLidl GB gives pay rise to 26,000 hourly-paid employees
Supermarket Lidl GB is to give its 26,000 hourly-paid employees a pay rise as part of a £37 million investment into their wages.From 1 March, entry level rates will increase from £11.40 to £12 outside of the M25, rising to £13 with length of service. For those working within the ...
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ArticleEngineering construction staff accept 17.4% pay increase
A total of 3,000 engineering construction workers who operate under the National Agreement for the Engineering Construction Industry (NAECI) have accepted a two-year pay increase worth a minimum of 17.4%.The NAECI staff, who are members of trade unions Unite and GMB, carry out essential repair and maintenance at oil refineries, ...
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ArticleWalmart to increase store managers' salaries
US supermarket chain Walmart is to increase the salaries of its store managers and invest in a redesigned bonus programme from next month.As a result of its investment and upcoming annual increases, store managers’ average salary will rise from $117,000 (£92,283) to $128,000 (£100,960) a year. This is alongside the ...
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Article33% of UK employers plan on increasing salaries and bonuses in 2024
One-third (33%) of UK employers are planning on increasing salaries and bonuses at the start of this year, according to research by job website Totaljobs. Its Hiring trends index, which surveyed over 1,000 UK HR decision markers, also revealed that 29% of respondents cited securing another job ...
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ArticleThe top 10 most-read articles between 12 - 18 January 2024
The top 10 most-read articles on employeebenefits.co.uk between 12 - 18 January 2024 were: EY to allow consultant employees to take time away from rolesThe Gym Group receives menopause-friendly accreditationWest Midlands Fire Service increases maternity, paternity and adoption leaveAlmost two working weeks are lost every year due to presenteeismTribunal rules ...
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ArticleCapita withdraws from real living wage rate
Capita has become the latest employer to withdraw from the real living wage scheme after the recommended rate increased by 10% two years in a row. The outsourcing firm said that employees currently paid the real living wage, which is recommended by the Living Wage Foundation and ...
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Article80% of Gen Z staff would rather work overtime than see pay decrease
Four-fifths of Gen Z employees would rather work overtime than reduce their workload and see their pay decrease, according to research by Resource Solutions.The workforce and advisory solutions provider, which surveyed 2,000 UK adults aged 18-65 who have been employed in the past year, also found that the youngest generation ...
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ArticleJunior doctors in Wales strike over pay
Junior doctors in Wales have begun 72-hour strike action today (Monday 15 January) in a dispute over pay.The walkout from 7am today to 7am on 18 January could see more than 3,000 doctors at picket lines outside all of Wales’ main hospital sites. A mass demonstration outside the Welsh parliament ...
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ArticleEY to allow consultants to take time away from roles
Credit: JHVEPhoto / Shutterstock.comProfessional services and accounting firm Ernst and Young (EY) is to allow its UK consultant employees to take time away from their roles.Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks. ...
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ArticleTribunal rules in favour of Arjowiggins Scotland staff in redundancy case
An employment tribunal has ruled that 300 former Arjowiggins Scotland employees will each receive around £4,000 in compensation after the employer went into administration in 2022.The former paper mill workers based in Stoneywood, Aberdeen were members of trade union Unite. Through Thompsons Solicitors Scotland, they made protective award claims against ...
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ArticleBensons for Beds looks for chief sleep officer
Credit: Joe Pepler/PinPepSomething for the weekend: Bedroom furniture retailer Bensons for Beds has opened applications for its new chief sleep officer position, where sleeping on the job is actively encouraged.The fully remote role will pay £10,000 for a six-month part-time contract, which covers 874 hours of training, napping and shopping. ...
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Supplier article2024 Global financial wellbeing calendar
Just when you thought the ‘great resignation’ has peaked, a recent report from PWC says otherwise, ‘26% say they plan to quit their job in the next 12 months and that’s increased by 19% from last year. It’s safe to say, employers will most likely be battling retention and attraction ...
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ArticleThe top 10 most-read articles between 5 - 11 January 2024
The top 10 most-read articles on employeebenefits.co.uk between 5 - 11 January 2024 were: Sainsbury’s increases pay for hourly paid staffNovo Nordisk and AstraZeneca named top 30 best places to work for 2023 Exclusive: Unum UK enhances carer’s leave policyTribunal finds Association of Chartered Certified Accountants employee was discriminated againstAnglian ...
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ArticleBrewdog increases pay but moves away from paying real living wage
Craft beer business Brewdog has announced that its lower-paid employees over the age of 23 will receive a pay rise to £11.44 per hour from £10.90.Staff located outside London will receive a 4.95% rise in base pay, however, those working in London will not see an increase from their current ...
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ArticleFirst Bus to become living wage employer
UK bus operator First Bus is to become a living wage employer from 1 April 2024.The accreditation will see its 1,300 employees across the UK, and workers employed through third party contractors, benefit from a pay rise to at least £12 per hour.The living wage is a voluntary rate of ...
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ArticleCargill Cocoa and Chocolate staff accept 10.4% pay rise
Credit: Jonathan Weiss / Shutterstock.comCargill Cocoa and Chocolate employees based at its Worksop, Nottinghamshire site have accepted a 10.4% pay rise, ending a long-running dispute over pay.The more than a dozen workers, who are members of trade union GMB, voted to back strike action last year in a ballot, with ...