All Pay strategy articles – Page 38
-
ArticleGreggs to share £17.6 million bonus among staff
Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit.In a webcast detailing the business’ latest results, chief executive Roisin Currie explained that Greggs will continue to share 10% of its profits with team members with at least six ...
-
ArticleJohn Lewis Partnership and Co-op to increase pay
John Lewis Partnership and the Co-op are to increase their minimum pay rates for 2024. The Co-op has reaffirmed its commitment to paying the real living wage as recommended by the Living Wage Foundation, increasing its minimum hourly wage from £10.90 to £12, or from £12.25 to ...
-
ArticleHow will the Spring Budget 2024 affect pay, pensions and employee benefits?
Image credit: photocosmos1 / Shutterstock.comChancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. Below is a summary of the key announcements that could affect employers' pay, pensions and benefits strategies:Spring Budget 2024: National insurance contribution (NIC) rate cut ...
-
AnalysisHow to keep employees happy on minimum pay rates
Credit: M2K7/ShutterstockNeed to know:When budgets are under pressure, organisations need to strike the right balance between pay, benefits and other factors such as working conditions and wellbeing.Benefits such as discount schemes, health cash plans and financial education can help employees make their money go further.Communication is key, helping organisations understand ...
-
Case StudiesSavvy Hotels offers competitive reward package to attract and engage staff
Savvy Hotels runs three hotels across Liverpool and Chester, employing 41 people plus additional casual staff during peak times. As guests’ experiences are so dependent on the service they receive, happy employees are essential.Steven Hesketh, chief executive of Savvy Hotels and founder of The Hospitality Hero, explains: “We’re a family-run ...
-
ArticleSpring Budget 2024: Government maintains fuel duty freeze for 12 months
Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living.The measure, which was announced in the Spring Budget, will save the average car driver £50 in 2024-25 through the extension of the ...
-
ArticleSpring Budget 2024: National insurance contribution (NIC) rate cut to 8%
Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April.In his Spring Budget, Jeremy Hunt, Chancellor of the Exchequer, said that this will save the average worker on a salary of £35,400 around £900 a year, ...
-
ArticleTesco to increase pay above the real living wage
Tesco is to increase the hourly pay for employees in stores from £11.02 to £12.02 per hour, which is above the 2024 real living wage outside London.It announced the rise after reaching an agreement with trade union Usdaw. Tesco remains one of the few supermarkets to recognise an independent trade ...
-
ArticleStay up to date with the Spring Budget 2024
Chancellor of the Exchequer Jeremy Hunt will deliver his Spring Budget 2024 speech at 12.30pm on Wednesday 6 March 2024.Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact pay, pensions and benefits for employers and staff.The Autumn Statement 2023's key ...
-
ArticleSurrey County Council payroll error sees employees receive wrong wages
Surrey County Council has apologised to employees after an error with its £30m payroll system saw staff paid the wrong wages. Problems with its Enterprise Resource Planning system, which was introduced last June, have meant some employees including firefighters and teachers have been underpaid. Surrey County Council ...
-
ArticleCurrys increases salary for 10,000 staff and boosts minimum pay rates
Credit: bennphoto / Shutterstock.comRetailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay.Its store-based workers will now earn an average of £12.33 per hour, while its top-performing employees can earn on £13.95 an hour on average, with some able to earn ...
-
ArticleNetwork Rail reports 7.4% mean gender pay gap for 2023
Network Rail has reported a 7.4% mean gender pay gap for 2023, down from 8.6% in 2022 and 9.9% in 2021.The rail operator’s median gender pay gap for 2023 was 9.3%, down from 10.9% in 2022 and 12.9% in 2021.Its mean gender performance-related pay gap for last year was -35.1%, ...
-
ArticleWriters at the BBC and BBC Studios to receive 10% pay rise and increased residuals
Writers commissioned by the BBC and BBC Studios have accepted an increase in minimum fees and compensation for their work across new platforms, with immediate effect.The BBC Script Agreement for Television and Online was originally negotiated in 2017 by the Writers’ Guild of Great Britain (WGGB) and the Personal Managers’ ...
-
ArticleAsda to raise pay for 120,000 hourly-paid store employees
Supermarket Asda has announced that its hourly-paid store employees will see an 8.4% increase in their pay effective 1 July as part of a £150 million investment.Its national rate will rise from £11.11 per hour to £12.04 and its rate for stores inside the M25 will increase from £12.28 to ...
-
ArticleMale staff more likely to believe men and women are paid equally
Four-fifths (79%) of male employees believe men and women are paid equally, compared with only 55% of women, according to research by HR platform HiBob.Its UK women professionals in the workplace 2024 report, which surveyed 2,000 employees, also highlighted that just one in 10 (11%) men believe they are paid ...
-
ArticleClarins reports 33.6% mean gender pay gap for 2023
Credit: Robert Way / Shutterstock.comBeauty and skincare brand Clarins has reported a mean gender pay gap of 33.6% for 2023, up from 29.9% in 2022.The employer’s median gender pay gap for the year was 53.3%, up from 47.9% in 2022. Its upper pay quartile in 2023 comprised 83.5% female and ...
-
ArticleThe top 10 most-read articles between 23 - 29 February 2024
The top 10 most-read articles on employeebenefits.co.uk between 23 - 29 February 2024 were: Marks and Spencer enhances pay and family leave policiesExclusive: Central Co-op introduces electric vehicle salary sacrifice schemeLondon Underground staff accept improved pay offerNew Look implements HR and payroll processes platform75% of Gen Z staff advocate for ...
-
ArticleVegasSlotsOnline searches for professional Guinness taster
Credit: Anton_Ivanov / Shutterstock.comSomething for the weekend: In order to celebrate St. Patrick’s Day (17 March) this year, gambling website VegasSlotsOnline has begun its search for a professional Guinness taster. If you have ever wished you could be paid for drinking Guinness, then this could be the role for you.The ...
-
ArticleRolls Royce reports 1.2% mean hourly gender pay gap for 2023
Vehicle manufacturer Rolls Royce has reported a 1.2% UK mean hourly gender pay gap for 2023, down from 1.6% in 2022.Its median hourly gender pay gap 3.7%, compared to 3.6% the previous year. Its lower pay quartile consisted of 75% of men and 25% of women, whereas its upper pay ...
-
ArticleMolson Coors Beverage Company implements equal parental leave
Molson Coors Beverage Company has introduced an equal parental leave policy for its more than 2,200 employees across the UK.All new parents at the brewer of beer brands such as Carling, Coors and Madrí Excepcional will be entitled to up to 52 weeks' leave regardless of gender or their path ...