All Pay strategy articles – Page 52
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Article4most employee trust makes significant payout to invested staff
Risk and data analytics consultancy 4most has received majority investment by Phoenix Equity Partners, providing those taking part in its employee ownership trust with an average payout of £150,000 each.Of 4most's 240 members of staff, approximately 150 were invested in the trust. Phoenix Equity Partners' acquisition of a majority stake ...
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ArticleLiverpool and Knowsley councils commit to real living wage for care workers
Two Merseyside local councils, Knowsley Council and Liverpool Council, have committed to paying government commissioned care workers the real living wage, from April 2023 and April 2024, respectively.The councils joined Wirral Council, which previously committed to pay the real living wage as a minimum, following trade union Unite's Stand Up ...
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Case StudiesThe benefits offered by Ogi
The benefits on offer at Ogi:PensionGroup personal pension (GPP) plan, with an employer contribution of 5% and minimum employee contribution of 4%. Employees can choose to contribute through salary sacrifice or from net pay.Healthcare and wellbeingHybrid private medical insurance (PMI) and health cash plans available through employer-funded flexible benefits scheme, ...
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ArticleThe top 10 most-read articles between 21 - 27 April 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 21 - 27 April 2023 were: TGI Fridays scraps free meals for employeesNvidia, Lindt and Confused.com named UK’s Best Workplaces 2023Amazon and Wells Fargo named top US employers for 2023Quarter of women undergoing fertility treatment face unfairness at workMajestic increases wages and ...
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ArticleChessington World of Adventures gives engineers 13.53% pay rise
Credit: Lukasz Sadlowski / Shutterstock.comEngineers employed at theme park Chessington World of Adventures have called off planned strike action after accepting an improved pay offer of 13.53%.The dispute was a result of the engineers, responsible for ensuring the park's safety systems are fully operational, seeking a pay increase in line ...
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ArticleRoyal College of Midwives accepts NHS pay deal
Members of the Royal College of Midwives (RCM) in England have voted to accept the NHS’ latest pay offer, following a consultation earlier this week.A total of 57% of eligible RCM midwife and maternity support workers voted to accept the deal and 43% rejected it, with an overall turnout of ...
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ArticleAllied Irish Banks enhances domestic violence support
Credit: shawnwil23 / Shutterstock.comAllied Irish Banks (AIB) has expanded its support for employees experiencing domestic violence, as part of its commitment to provide a safe and supportive work environment.The bank, which has 9,590 employees, introduced 10 days of fully paid leave per year for staff experiencing domestic violence and abuse, ...
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ArticleMajestic increases wages and updates pay structure
Credit: William Barton / Shutterstock.comSpecialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 as of this month, and introduced an incremental pay structure.Store staff received an average salary increase of 6.7% for 2023/24 as a result of the new hourly base rate ...
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ArticleSwift Lawyers to pay nearly £19,000 in unfair dismissal case
Law firm Swift Lawyers has been ordered to pay damages of £18,800 after an employment tribunal found that it had unfairly dismissed a pregnant paralegal.Farzana Yasin joined the firm in 2017 to work on cavity wall insulation claims. She had two consecutive maternity leave periods from October 2018, returned to ...
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ArticleLloydsPharmacy gives staff 5.75% bonus
Credit: Michael715 / Shutterstock.comLloydsPharmacy pharmacists have agreed to a pay deal in which they will receive a 3.5% bonus payment this month, followed by a 2.25% bonus in October.According to the Pharmacists’ Defence Association (PDA) union, which led negotiations on behalf of the employees, everyone in the bargaining unit, including ...
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ArticleLush Cosmetics gives staff 10% pay rise
Lush Cosmetics has increased pay for its UK employees by more than 10% as of this month in order to pay its workforce a living wage.Its pay rate was raised to £10.90 per hour for staff aged 18 and above across the UK, and £11.95 per hour for those located ...
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ArticleBritish Transport Police reports 5.74% mean gender pay gap
Credit: William Barton / Shutterstock.comBritish Transport Police published its 2022 ethnicity and gender pay gaps, reporting a mean average gender gap in hourly pay of 5.74%.This was down 6% from its 2021 figure, with male and female staff earning a mean average hourly rate of £19.85 and £18.71, respectively. Its ...
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OpinionLovewell's logic: Is the UK failing on pay despite high minimum rates?
The UK now has some of the highest minimum pay rates in the world, according to a report published by think-tank The Resolution Foundation this week. Its Low pay Britain 2023 report found that, among the world’s rich nations, only France, Korea and New Zealand currently have higher minimum wages, ...
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ArticleThe top 10 most-read articles between 14 - 20 April 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 14 - 20 April 2023 were: EXCLUSIVE: Employee Benefits Awards 2023 shortlist revealedPret A Manger launches employee benefits platform The Pensions Regulator authorises UK's first CDC pension schemeTransport for London and Monzo recognised as family-friendly tech employersGovernment introduces ethnicity pay gap reporting ...
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ArticleToolstation gives staff 9.4% pay rise and enhances benefits package
Tools, accessories and building supplies business Toolstation has increased pay by 9.4%, and introduced new benefits for its 5,500 members of staff.The pay rise is for entry level and store and operations employees, with entry level workers’ hourly rate increasing to £10.60.The retailer also introduced 26 weeks of full pay, ...
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ArticleCanal and River Trust gives staff 8.2% pay rise
Credit: chrisdorney / Shutterstock.comCharity organisation The Canal and River Trust has given its 1,700 workers an 8.2% pay increase, following negotiations that have been ongoing since last year.The staff, who previously received an average annual salary of £26,000, remove waste, keep towpaths clear and maintain locks and moorings on England ...
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ArticleGovernment introduces ethnicity pay gap reporting guidance
The government has published guidance for employers on how to voluntarily report on their ethnicity pay gaps.Developed by the Department for Business and Trade, the Equality Hub and the Race Disparity Unit, the advice is in response to one of the actions in the Inclusive Britain: government response to the ...
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AnalysisWhat financial wellbeing support should be offered around salary advance schemes?
It is important that salary advance schemes are explained properly so that staff fully understand how these operate and the costs involved.Many scheme providers will include financial education and guidance on how best to benefit from the scheme.Having access to data and monitoring usage each month can help identify if ...
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Case StudiesTesco educates and supports staff through salary advance scheme
Supermarket chain Tesco supports the financial wellbeing of its workforce through a salary advance scheme in addition to regular pay rises and an extensive benefits proposition.The employer, which has 345,000 staff, initially trialled its salary advance scheme with 6,000 employees working in its large and convenience stores in Liverpool during ...
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ArticleAmazon staff in Coventry strike over pay
Hundreds of Coventry-based Amazon warehouse workers have begun a multiple-day strike over a pay row as of this week.Around 600 members of trade union GMB walked out at 6.30am today (Monday 17 April) as part of the dispute, asking for a pay rise to £15 an hour.According to Amazon, only ...