All Pay strategy articles – Page 24
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ArticleAldi increases employee pay to at least £12 an hour
Supermarket chain Aldi is to increase pay for its 40,000 store and warehouse employees to at least £12 an hour nationally and £13.55 within the M25, from 1 February 2024.Pay rates will rise further for store assistants to £12.95 nationally and £13.85 within the M25 based on employees’ length of ...
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ArticleThe top 10 most-read articles between 1 - 7 December 2023
The top 10 most-read articles on employeebenefits.co.uk between 1 - 7 December 2023 were: RMT rail workers accept pay dealIkea awards pay increases and year-end bonuses to UK staff53% of British employees would switch jobs for better benefits66% of UK full-time staff think contributory pensions are importantBrewers Decorator Centres introduces ...
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Supplier articleWhy workplace benefits and savings are an essential workplace offering
Workplace benefits and savings are more vital than ever as the number of employers offering pay rises, in line or above inflation, is set to reduce. Financial Wellbeing Research 2023, from the Reward & Employee Benefits Association (REBA) in association with WEALTH at work[1], reveals that only 19% of employers ...
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Article46% believe an ethical employer is more important than a higher salary
Nearly half (46%) of employees said that working for an ethical employer is more important to them than a higher salary, according to new research by PR agency Unhooked Communications.It surveyed 2,015 UK adults on what they look for in an employer and what motivates them in their work for ...
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Supplier articleBreaking financial taboos with Vodafone
Vodafone prioritizes the financial wellbeing of its employees, by demonstrating a strong commitment to their overall financial health. They were highly commended for the Biggest Impact on Financial Health category at the Financial Wellbeing Impact Awards 2023. Vodafone’s dedicated team has taken on the mission of providing ...
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ArticleChristie’s reports 26.1% mean hourly gender pay gap
Credit: cktravels.com / Shutterstock.comAuction House Christie’s has reported a 26.1% mean hourly pay gap for 2023, a decrease from 37.2% in 2022.The organisation’s median hourly pay gap for this year stands at 22.3%, which is a drop from 26.3% the previous year.Its lower pay quartile consists of 70% of women ...
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Article79% of employee demands towards HR directors are for higher pay
More than three-quarters (79%) of employee demands towards HR directors and C-suite professionals are for higher pay, according to new research from Barnett Waddingham.The professional services consultancy surveyed 302 HR directors and C-suite professionals for its latest report. It found that when asked how concerned they were about business pressures, ...
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ArticleScottish Water employees accept 8% pay rise
Credit: Peter Titmuss / Shutterstock.comA total of 500 Scottish Water employees have accepted an 8% basic pay increase following ongoing strike action.The pay deal, which was negotiated by three trade unions, was backed by 98% Unite members in a consultative ballot, with the increase due to be applied to all ...
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ArticleIkea awards pay increases and year-end bonuses to UK staff
Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment.Hourly-paid staff will receive a 10% pay increase in 2024, while salaried workers will see a rise ...
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Article80% of staff believe sick pay above statutory rate is important
Two-fifths (80%) employees said the most important benefit to them is sick pay above the statutory rate, according to nresearch by Edays.The absence and leave management software provider asked UK employees which benefits matter most to them when considering a job offer. It found that 65% of respondents favour a ...
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ArticleDepartment for Transport reports 10.7% mean gender pay gap
Credit: William Barton / Shutterstock.comThe Department for Transport (DFT Group) has reported a 10.7% 2023 mean gender pay gap, unchanged since 2022.This is higher than its 2021 mean gender pay gap of 7.8%, but lower than its figures for 2019 and 2020, at 13.8% and 15.2% respectively.Meanwhile, its 2023 median ...
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ArticleHigh Court refuses Warrington Borough Council injunction to stop pay strike action
A High Court judge has dismissed Warrington Borough Council’s application for an injunction to prevent trade union Unite calling on its members at one of the council’s waste depots to strike over pay.The members employed by the council have been on strike since 3 October following the national pay offer ...
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ArticleRMT rail workers accept pay deal
Rail workers represented by the National Union of Rail, Maritime and Transport Workers (RMT) have voted to accept a pay deal, ending long-running strike action.Union members agreed to an offer from 14 train firms, which includes a backdated pay rise of 5% for 2022-23 and job security guarantees. They will ...
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ArticleThe top 10 most-read articles between 24 - 30 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 24 - 30 November 2023 were: Apple, Microsoft and UKG named World’s Best Companies of 2023Cumberland Building Society launches neurodiversity toolkitBoots completes £4.8 billion pension scheme buy-inFoster Denovo Group acquires benefits arm of Punter Southall AspireShell UK reports -31.4% to 38.9% mean ...
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ArticleBlack, African, Caribbean or Black British staff earned less than White employees in 2022
Black, African, Caribbean or Black British UK employees earned less than White employees in 2022, with medians of £13.53 and £14.35 per hour respectively, according to new research by the Office for National Statistics (ONS).After using personal and work characteristics to provide an adjusted pay gap based on a like-for-like ...
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ArticleIngka Group to pay out €311 million performance-based bonus
Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%.The group’s global annual performance-driven bonus programme rewards employees when they meet or exceed specific business goals. The bonus total varies ...
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ArticleOdfjell Technology drillers accept pay deal
More than 80 offshore drillers working for Odfjell Technology have settled a pay and conditions dispute over work on TAQA installations.The revised pay deal, secured by trade union Unite, will increase basic salaries by 8% and will be backdated to 1 June 2023. It was accepted by 77% of Unite’s ...
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ArticleHigh-earning women express concern over unequal pay
High-earning female employees believe they are likely to experience gender inequality in the workplace and unequal pay, according to research by law firm Stewarts.Its survey of 2,000 working women in the UK found that 39% of women earning over £75,0000 per annum expressed greater concern about unequal pay compared to ...
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OpinionYvonne Gallagher: Supreme Court rules that Deliveroo riders are not workers in collective bargaining case
The Supreme Court has upheld the earlier decision of the High Court and Court of Appeal in rejecting the claim by trade union the Independent Workers of Great Britain (IWGB), which was seeking to compel Deliveroo to recognise it for the purposes of collective bargaining on behalf of riders working ...
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Case StudiesBenefits on offer at Northwood Hygiene Products
The benefits offered by Northwood Hygiene Products include:PensionTwo group personal pension (GPP) schemes, with employee contribution rates of either 4% or 5%, and employer contribution of 5% or 4%.Healthcare and wellbeingPrivate medical insurance (PMI) for certain employee groups, employer paid.Group income protection, a legacy benefit for certain employee groups, employer ...