All Pay strategy articles – Page 41
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ArticlePhoenix Group and Herbert Smith Freehills become living pension employers
Insurers Phoenix Group and Aviva, and law firm Herbert Smith Freehills are among those that have signed up to become living pension employers, a scheme launched today (21 March) by the Living Wage Foundation.The Good Things Foundation, Wealthify and Citizens UK also signed up, making up the first six employers ...
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ArticleCurrys gives staff fourth pay rise in 18 months
Technology retailer Currys has awarded its 10,000 hourly paid store employees a pay rise, the fourth in 18 months, with rates increasing from £10.35 per hour to £10.50 across the UK.The rate will rise to £11.50 per hour for those located in London, with both increasing again to £10.80 and ...
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ArticleKingspan Water and Energy staff strike over pay
Credit: T. Schneider / Shutterstock.comStaff at fuel and water tank manufacturing firm Kingspan Water and Energy commenced strike action today (Monday 20 March) at its Northern Ireland factory, in a dispute over pay.Pickets went up at 6am, with the strike set to impact production for the business, which employs 200 ...
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ArticleCentrica reports 15% mean gender pay gap
Energy business Centrica has reported a mean gender pay gap of 15% for 2022, down from 20% the prior year.The employer’s median gender pay gap was 23%, down from 30% in 2021, with women making up 49% of its lowest pay quartile, and 24% of its upper quartile.Its mean gender ...
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Article36% with long-term health issues find it affects their ability to work
Six in 10 (60%) of those facing a long-term health issue said it reduced their ability to carry out daily tasks, while 36% said it impacted the amount or type of work they were able to do within their current job role, according to research by the Department for Work ...
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ArticleAmazon expands programme of paid language classes for staff
Global online retail organisation Amazon has expanded its programme of employer-paid language classes for employees.The employer added to its Career Choice programme in order to offer English language classes for free to those working in the 13 non-US countries the programme operates in.The change was made in order to reflect ...
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ArticleAldi increases pay for store assistants
Grocery retailer Aldi has raised pay for store assistants to £11.40 per hour nationally, and £12.85 per hour within the M25.The change in pay will take effect from 1 July 2023, and will benefit more than 28,000 employees, out of a total of 40,000 in the UK.Aldi has made an ...
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ArticleThe top 10 most-read articles between 10 - 16 March 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 10 - 16 March 2023 were: Spring Budget 2023: Scheme launches to help disabled people to access work and supportSpring Budget 2023: Pensions lifetime allowance scrappedSpring Budget 2023: Government to focus on mental health and musculoskeletal issues Spring Budget 2023: Tax-free pensions ...
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ArticleHow will the Spring Budget 2023 impact pay, pensions and benefits?
Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt delivered his Spring Budget speech in the House of Commons on Wednesday 15 March. It included a number of key announcements that could impact employees' pay, pensions and benefits.Spring Budget 2023: Freeze on fuel duty for 12 monthsSpring Budget 2023: Pensions ...
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ArticleJohn Lewis will not pay employee bonus after £234m loss
Retailer John Lewis has announced that it will not be giving its employees a bonus for this year, after reporting a £234 million loss.The bonus is its annual share-out of profits, and all staff receive it as a percentage of their salary. The 2021/22 bonus was worth 3% of employees' ...
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ArticleSuperdrug raises pay for newly qualified pharmacists
Credit: William Barton / Shutterstock.comBeauty and health retailer Superdrug has increased pay for newly qualified pharmacists, which will result in their wages rising to at least £50,000.According to Superdrug, this raise was implemented to ensure all of its pharmacists continue to receive a strong renumeration package. There are currently 155 ...
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ArticleSearcys enhances maternity and paternity pay
Restaurant and events catering business Searcys has enhanced its maternity and paternity pay as part of an overall approach to improving its family and parental benefits.The firm, which employs more than 1,100 members of staff across its venues and head office team, introduced a policy providing up to 24 weeks ...
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ArticleSpring Budget 2023: Tax agents given access to payroll benefits in kind
Spring Budget 2023: The government has announced that it will give tax agents access to payroll benefits in kind for employers.Through government provided IT systems, tax agents will be able to payroll benefits in kind on behalf of employers. This was introduced as part of a long-term strategy to simplify ...
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ArticleNestle UK reports 4% mean gender pay gap
Credit: Ken Wolter / Shutterstock.comFood and drink business Nestle UK has reported that its 2022 mean hourly gender pay gap was 4% in favour of women.Meanwhile, its 2022 median hourly gender pay gap was 2% in favour of men. Its top and bottom quartiles are made up of 38% of ...
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ArticleAmazon Middle East and North Africa enhances paid parental leave policy
Amazon Middle East and North Africa (MENA) has introduced an enhanced paid parental leave policy for employees across United Arab Emirates, Saudi Arabia, Egypt and Jordan who have become new parents, regardless of gender.The policy offers both parents with one year of service up to six weeks' paid leave within ...
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Article39% of pay increases worth 6% or more
Around two-fifths (39%) of employees received pay rises worth 6% or more in the three months to January 2023, according to research by Incomes Data Research (IDR).The research organisation analysed 75 pay deals implemented between 1 November 2022 and 31 January 2023, mostly at large organisations and covering more than ...
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ArticleBlack Pearl Pubs to pay £1,700 in tax-related unfair dismissal case
Glasgow business Black Pearl Pub has been ordered to pay a former employee more than £1,700 after an employment tribunal ruled she had been unfairly dismissed.The employee, known as B Storrie, had worked at the bar The Montford for more than a year but never received a contract outlining her ...
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ArticleMedian monthly pay up by 6.7% year-on-year in February
Median monthly pay in February 2023 was £2,193, a 6.7% increase compared with the same period in 2022, according to the Office for National Statistics (ONS).The findings revealed that the median pay growth rate fell between March and May 2020, but 6.7% was higher than the average growth rate before ...
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ArticleDaimler Truck awards profit share and appreciation bonuses
Credit: T. Schneider / Shutterstock.comGerman commercial vehicle manufacturing firm Daimler Truck has awarded eligible employees a €6,300 (£5,546) profit sharing bonus and a one-off appreciation bonus of €1,000 (£880).The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German ...
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ArticleBP reports 14.9% mean gender pay gap
Oil and gas firm BP has reported a mean gender pay gap of 14.9% for 2022, down from 19% in 2021.Its median gender pay gap for last year was 14.1%, down from 16.2%. A total of 69% of men made up the employer’s upper pay quartile in 2022, whereas its ...