All Pay strategy articles – Page 54

  • 38% of employers do not know the cost of healthcare benefits
    Article

    Healthcare benefit cost growth projected to rise to 10% in 2023

    2022-10-14T09:54:00Z

    Research has revealed that the growth in healthcare benefit costs rose from 8.2% in 2021 to 8.8% in 2022, with a projected rise to a global average of 10% in 2023, the highest level in nearly 15 years.According to The 2023 Global medical trends survey of global medical insurers, conducted ...

  • 13 October 2022
    Article

    The top 10 most-read articles between 7 - 13 October 2022

    2022-10-14T08:00:38Z

    The top 10 most-read articles on www.employeebenefits.co.uk between 7 and 13 October 2022 were: Natwest Group launches digital wellbeing platform for staffDiageo introduces support app to mark World Mental Health DayVirgin Media O2 launches £1,400 cost-of-living payment and improved leave policiesEXCLUSIVE: Sipsmith introduces financial wellbeing supportEXCLUSIVE: Ollie Ollerton says changing ...

  • Darlington Building Society
    Article

    Darlington Building Society expands benefits and gives staff one-off payment

    2022-10-13T10:30:04Z

    Darlington Building Society has awarded its 190 employees with a one-off £1,000 payment and expanded its benefits package.A £500 payment was given to the workforce this month in order to support them with cost of living challenges, with another £500 to be awarded in December.To mark World Mental Health Day ...

  • 30_01_EBL2022_Logo_BLK
    Article

    Employee Benefits Live 2022 speaker slides

    2022-10-13T10:25:12Z

    Where speakers have given approval, we have uploaded the speaker slides for the keynote and conference sessions at Employee Benefits Live 2022, which took place on 5-6 October 2022 at ExCeL London.Thank you very much to all of the speakers for sharing their ideas, experiences and insights.Keynote speakersK1: Diversity, equality ...

  • Pret a Manger
    Article

    Pret a Manger increases pay for second time in 2022

    2022-10-12T10:31:42Z

    Pret a Manger has implemented a 5% pay increase from 1 December, for all UK employees across shops and its support centre, to support them during the rising cost of living.The coffee and food retail chain said that the pay increase will be awarded to shop employees irrespective of age, ...

  • Asda reports 8.4% mean gender pay gap
    Article

    Asda ends premium pay trial for grocery delivery drivers

    2022-10-12T09:55:02Z

    Supermarket chain Asda has announced that, as of on 21 October, it will end the £1.50-an-hour pay premium introduced in the summer to help attract and retain grocery delivery drivers.More than 1,500 drivers who deliver from certain London stores, including Charlton, Wembley and Colindale, as well as outlets in Bristol ...

  • Hitachi Solutions reports mean gender pay gap of 22.2%
    Article

    Government raises gender pay gap reporting threshold

    2022-10-12T09:47:47Z

    The government has changed the threshold for gender pay gap reporting from 250 to 500 employees In a move to reduce red tape for medium-sized organisations in the UK.Prime minister Liz Truss said the change, effective from 3 October, would boost productivity and growth, by reducing burdensome administration and paperwork ...

  • strike
    Article

    59% disagree with regulation to reduce strike action

    2022-10-11T08:00:56Z

    Employee Benefits poll: More than half (59%) of respondents disagreed with the government's move to curtail strike disruption, through regulation that unions have to bring all pay proposals to a vote.In comparison, 41% of respondents to an online survey conducted by Employee Benefits said that they did agree with the ...

  • University of the Arts London
    Article

    University of the Arts London updates parental pay and leave

    2022-10-10T10:29:11Z

    University of the Arts London (UAL) has updated its parental pay and leave provision to provide equality regardless of gender, sexual orientation or how staff become parents.Salaried employees and hourly paid lecturers are now entitled to 26 weeks of full maternity and paternity pay, with the continuous service requirement reduced ...

  • virgin media o2
    Article

    Virgin Media O2 launches £1,400 cost-of-living payment and improved leave policies

    2022-10-10T10:19:43Z

    Virgin Media O2 has introduced a support payment for employees, alongside flexible leave policies, as part of its ambition to become more inclusive and equitable.The business, which employs around 18,000 people in the UK, has awarded employees who earn £35,000 and under a £1,400 support allowance to assist them with ...

  • 6 October 2022
    Article

    The top 10 most-read articles between 30 September - 6 October 2022

    2022-10-07T10:12:44Z

    The top 10 most-read articles on www.employeebenefits.co.uk between 30 September and 6 October 2022 were: EXCLUSIVE: Warner Bros Discovery urges employers to create a sense of belonging to retain staffTribunal awards £36,000 to woman denied flexible workingLyneal Group establishes employee ownership trustCurrys gives staff second pay rise for 2022Deloitte expands ...

  • Confessions
    Opinion

    Confessions of a benefits manager: Candid integrates a new location

    2022-10-07T05:00:52Z

    As part of the Higher Being’s strategy for world domination, we have bought out an organisation in east Germany. We have several locations in Germany already, but apparently this firm brings a unique blend of synergies to our niche technology. That is what we always say about random acquisitions, so ...

  • Deloitte reduces partner pay by 17%
    Article

    Deloitte expands family policies and launches flexible pensions

    2022-10-05T08:30:53Z

    Deloitte has made improvements to its family policies and will offer its 22,000 UK employees greater choice in how they receive the value of its pension contribution.The length of its enhanced maternity and adoption pay has increased from 16 weeks of full pay and 10 weeks of half pay, to ...

  • MartinWilliams
    Opinion

    Martin Williams: Conservative plans would render strike action ineffective

    2022-10-05T05:00:26Z

    Earlier this year, former Transport Secretary Grant Shapps expressed shock at how workers were treated by P and O Ferries, when the firm sacked hundreds of staff members without notice. The government had promised to introduce an employment bill to protect workers. Change was needed to prevent other mass sackings, ...

  • image-2
    Article

    Saga awards lowest-paid staff £1,000 cost of living payment

    2022-10-04T09:55:22Z

    Saga, a provider of products and services for people aged 50 and over, has given its lowest-paid employees a £500 cost of living payment in their latest pay packet.The business, which employs more than 2,500 people, informed its workforce of this decision in an internal memo. It also outlined plans ...

  • Skanska UK launches electric vehicle company car policy
    Article

    Skanska UK to give 1,300 employees one-off £750 payment

    2022-09-30T10:27:54Z

    Skanska UK has invested almost £1 million to provide a one-off cost-of-living support payment to 1,300 of its 3,300 members of staff.The 1,300 lowest paid Skanska UK employees will be given a one-off bonus payment of £750 in November 2022, in order to help them address the challenges of rising ...

  • Amazon extends pay benefits for U.S. and Canada employees
    Article

    Amazon invests $1 billion in increased US wages

    2022-09-30T10:17:23Z

    Retail business Amazon has committed to invest almost $1 billion (£895.4 million) into raising its hourly paid US employees’ wages, and expanding its wage access programme, as of October.The average hourly pay for front-line staff in customer fulfilment and transportation will increase from $18 (£16) per hour to more than ...

  • Deeset-25
    Article

    Dee Set Group introduces flexible pay and financial wellbeing support

    2022-09-30T09:52:40Z

    Retail solutions firm Dee Set Group has introduced financial wellbeing support for its more than 3,000 employees in the form of an earned wage access platform and financial coaching as of this week.Provided by Wagestream, the system allows employees to draw up to 50% of their salary out at any ...

  • currys
    Article

    Currys gives staff second pay rise for 2022

    2022-09-30T09:46:51Z

    Technology retailer Currys has introduced a pay rise of 3.5% for its 10,000 hourly paid UK staff as of 30 October, announced just one month after a previous increase came into effect.Hourly rates have been increased by to £10.35 per hour?and £11.43 in?London, in what is the third raise in ...

  • 29 September 2022
    Article

    The top 10 most-read articles between 23 - 29 September 2022

    2022-09-30T08:00:28Z

    The top 10 most-read articles on www.employeebenefits.co.uk between 23 and 29 September 2022 were: Government scraps 45% tax rate on incomes above £150,000Natwest Group replaces paternity leave with inclusive partner policyGovernment drops income tax basic rate to 19% one year earlyHSBC UK and Bristol Myers Squibb named among top menopause ...