All Pay strategy articles – Page 55
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ArticleNDreams increases annual salaries by £1,000
Virtual reality game developer NDreams has increased the yearly salary for each of its 180 full-time employees by £1,000, in order to address rising UK energy bills.The business is headquartered in Farnborough, Hampshire, with many of its staff working on a hybrid or remote basis. It has increased salaries for ...
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ArticleJust Group awards cost-of-living payment to employees
Retirement specialist firm Just Group is to make a one-off additional payment to two-thirds of its workforce next month in order to help them through the cost-of-living crisis.Employees earning an annual salary under £50,000 will receive a one-off payment of £1,200, while those on a salary between £50,000 and £60,000 ...
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ArticleBNP Paribas enhances paid parental leave policy for US staff
BNP Paribas is to enhance its paid parental leave policy for all eligible US employees.From 1 October, it will offer up to 24 weeks of fully paid leave for the birth parent and up to 16 weeks fully paid leave for the non-birth parent.The organisation has made these enhancements as ...
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ArticleHow will the Mini Budget 2022 impact pay and benefits?
Mini Budget 2022: Chancellor of the Exchequer Kwasi Kwarteng delivered his Mini Budget speech in the House of Commons on Friday 23 September. This included a number of key annoucements that could impact pay and benefits.Government scraps 45% tax rate on incomes above £150,000Government scraps temporary national insurance increaseGovernment drops ...
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OpinionYvonne Gallagher: Bumpy ride for Deliveroo in workers’ union challenge
The Independent Workers of Great Britain (IWGB) Union has announced plans to pursue claims previously made against Deliveroo on behalf of riders and drivers. These assert that the riders are workers for the purpose of a variety of employment statutory rights, in particular the right to union recognition, but also ...
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ArticlePhoenix Group increases paid reservists leave
Long-term savings and retirement business Phoenix Group has extended its paid reservists leave to 10 days.The group, which employs 8,000 workers and has offices across the UK in Edinburgh, Wythall, Telford and Basingstoke, had previously offered five days of leave.The extension, which was announced at the start of National Inclusion ...
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ArticleSkanska UK updates family friendly benefits and leave
Construction firm Skanska UK has enhanced its maternity, paternity, adoption and dependants benefits with immediate effect for its more than than 3,300 employees across the real estate, defence, education, highways, rail and water sectors.Skanska UK increased maternity and adoption leave to 26 weeks fully paid, and paternity leave to eight ...
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ArticleNatwest Group replaces paternity leave with inclusive partner policy
Natwest Group has introduced an enhanced parental leave policy, referred to as 'partner leave', for employees in the UK, Guernsey, Jersey, Gibraltar, Republic of Ireland, India and Poland, which will come into effect in January 2023.The partner leave allowance has replaced the bank's existing paternity leave policies and provide the ...
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ArticleGovernment scraps 45% tax rate on incomes above £150,000
Mini Budget 2022: The UK government has announced that it will scrap the 45% tax rate on incomes above £150,000 as of 6 April 2023.Chancellor of the Exchequer Kwasi Kwarteng told the House of Commons that the 45% tax rate would be replaced with a 40% rate in order to ...
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ArticleLidl GB increases entry level pay to £10.90 an hour
Supermarket chain Lidl GB has increased the hourly pay rate of all store and warehouse employees, effective from 1 October and representing a £39.5 million investment.The business has increased entry-level pay from £10.10 to £10.90 per hour for those outside of London and £11.30 to £11.95 per hour for those ...
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ArticleGovernment scraps temporary national insurance increase
Mini Budget 2022: The government has scrapped the temporary 1.25 percentage point increase to national insurance (NI) contributions for the 2022/23 tax year.Chancellor of the Exchequer Kwasi Kwarteng announced in his Mini Budget speech, that as of 6 November, NI rates will drop to their previous percentage levels. Class One ...
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ArticleGovernment drops income tax basic rate to 19% one year early
Mini Budget 2022: The UK government has announced that it will reduce the basic rate of income tax by one pence to 19% as of 6 April 2023, one year earlier than planned.According to Chancellor of the Exchequer Kwasi Kwarteng's speech to the House of Commons, this will result in ...
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ArticleGovernment moves to reduce strike action through union regulation
Mini Budget 2022: Chancellor of the Exchequer Kwasi Kwarteng has announced that the government plans to legislate to reduce strike action by making trade unions take all pay offers to a member vote.The move was announced during today's Mini Budget speech in the House of Commons, but Kwarteng did not ...
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ArticleGovernment to remove bankers' bonus cap
Mini Budget 2022: Chancellor of the Exchequer Kwasi Kwarteng has announced government plans to scrap the bankers' bonus cap, with plans for further regulatory reforms in coming weeks.The cap, which was introduced by the European Union (EU) following the 2008 global financial crisis, limited bankers' bonuses to two times their ...
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ArticleThe top 10 most-read articles between 16 - 22 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 16 and 22 September 2022 were: Port of Liverpool staff strike over rejected pay dealGalliford Try awards staff up to £750 cost-of-living paymentLufthansa pilots agree to strike truce and £428 monthly raisePartners& research: 25% of employers cannot afford living cost support paymentsHard ...
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ArticleAllied Vehicles Group increases wages weighted towards lowest paid
Allied Vehicles Group, based in Possilpark in north Glasgow, has invested more than £1 million in pay rises to help its workforce cope with the cost-of-living crisis.Each of the organisation's nearly 600 staff received a pay increase this month, on a sliding scale weighted towards those who are lower paid. ...
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ArticleLiving Wage Foundation increases real living wage to £10.90
The Living Wage Foundation has increased its real living wage rates to £10.90 an hour across the UK and £11.95 an hour in London.This is a £1 and 90 pence rise, respectively, and will see almost 400,000 employees working for more than 11,000 accredited employers across the country receive a ...
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ArticleMarks and Spencer invests £15 million in staff support package
Marks and Spencer has invested £15 million in a package of support for its front-line employees during the cost-of-living crisis, including a pay review and extended wellbeing benefits.As of 1 October, more than 40,000 members of staff will see their hourly pay rise to a minimum of £10.20. This follows ...
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ArticleMoray Council gains living wage accreditation
Credit: Wirestock Creators / Shutterstock.comMoray Council in Scotland has received living wage employer accreditation as of this week.According to the council, it has paid above the living wage rate since 2012, with a rate of £10.04 per hour being the lowest pay point on its salary scale as of April ...
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ArticleGalliford Try awards staff up to £750 cost-of-living payment
Credit: Leeds Fotografica / Shutterstock.comConstruction firm Galliford Try has introduced a one-off payment for around 1,800 of its members of staff, in order to increase support in the face of the rising costs of living.The business stated that almost half its 3,300-strong employee base will receive individual payments of up ...