All Pay strategy articles – Page 70
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ArticleWest Midlands Metro staff accept up to 20.1% pay deal
Credit: Alex Daniels / Shutterstock.comCrew members employed by West Midlands Metro have called off strike action after accepting an improved pay offer.Under the pay deal, existing tram crew with 12 months or longer of service will receive a 20.1% pay increase by April 2023, with 15% of it backdated to ...
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ArticleBaker McKenzie awards US staff bonuses up to $115,000
Global law firm Baker McKenzie is to pay its US associates end-of-year bonuses of up to $115,000 (£96,530) depending on seniority.The bonuses will start at $20,000 (£16,788) for those in the class of 2021 and increase up to $115,000 for its most senior associates. This is in line matches its ...
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OpinionPaul Kelly: The importance of gender pay gap reporting for businesses
The government’s latest pay gap report, HMRC gender pay gap report 2021, which was published on 27 January 2022, revealed that in 2021, women earned 90 pence for every £1 earned by a man. Following this, there is increasing pressure for employers not just to report the numbers but instead ...
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ArticleCompass Group rolls out salary advance scheme for employees
Credit: JHVEPhoto / Shutterstock.comContract caterer Compass Group has launched a salary advance scheme for its 50,000 British and Irish staff, to help in the face of financial hardship and a worsening cost-of-living crisis.The advance option gives monthly salaried employees the ability to withdraw up to 50% of their earned pay ...
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ArticleStaff at 19 UK universities strike over pay
Staff employed by 19 higher education institutions have commenced strike action over pay this week, starting with Glasgow Caledonian University, where employees began striking yesterday (21 November) and have continued today.Administrators, cleaners, library, security and catering workers, some of the lowest paid in the university sector, are among those taking ...
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ArticleLevy UK to pay real living wage from 2023
Sports and leisure business Levy UK has committed to pay its more than 1,000 employees the real living wage as a minimum from 1 January 2023.Staff will earn an hourly wage of at least £10.90, which is the real living wage rate for employees across the UK, with those based ...
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ArticleVirgin Money gives staff 10% pay rise
Bank Virgin Money has awarded its 7,500 members of staff a pay rise of 10% on average, following a 43% increase in annual profits due to rising UK interest rates.The business announced the pay increase internally this month, following 92% of trade union Unite’s members at Virgin Money voting in ...
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ArticleHeathrow Airport ground handlers strike over pay
Ground handlers employed by Menzies at Heathrow Airport have commenced strike action today (Friday 18 November) over a pay dispute.The 350 employees, who are members of trade union Unite, started a 72-hour stoppage as of 4am. They have demanded a better pay offer than the ones made to date, which ...
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ArticleSuccess4All accredited as living wage employer
Educational charity Success4All has been accredited as a living wage employer by the Living Wage Foundation.To gain accreditation, the charity committed to paying its workforce a minimum hourly wage of £10.90, which is higher than the £9.50 per hour government minimum for those aged 23 and above, and the newly ...
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ArticleTesco launches salary advance scheme for staff
Supermarket chain Tesco has introduced a benefit that will allow its 280,000 employees to access up to 25% of their contractual pay early.The scheme, provided by Salary Finance, costs a single set fee of £1.49 per advance, and aims to help staff avoid payday loans or debt with high interest ...
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ArticleThe top 10 most-read articles between 11 - 17 November 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 11 and 17 November 2022 were: PWC launches discount scheme and virtual financial wellbeing supportTwitter equates remote work with resignation under Musk leadershipBarratt Homes gives staff second £1,000 cost-of-living paymentWilmott Dixon and Admiral named best big employers for Q4 2022Stagecoach Hull gives ...
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ArticleElectric vehicles to pay vehicle excise duty from April 2025
Autumn budget 2022: The government has announced that electric cars, vans and motorcycles will be required to pay vehicle excise duty (VED) from April 2025.According to Chancellor Jeremy Hunt, this will ensure a fairer tax contribution as the take up of electric vehicles continues to accelerate. The government will legislate ...
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ArticleGovernment maintains income tax thresholds
Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028.Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.Sian Steele, head ...
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ArticleGovernment to protect pensions triple lock
Autumn budget 2022: The government has confirmed that the pensions triple lock and credit will be protected, and rise by 10.1% in April 2023.Chancellor of the exchequer Jeremy Hunt told the House of Commons that the state pension will be uprated by inflation, rather than in line with average earnings ...
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ArticleGovernment increases national living wage by 9.7% for 2023
Image credit: photocosmos1 / Shutterstock.comAutumn budget 2022: The government has agreed to raise the national living wage by 9.7% from April 2023.In his autumn budget address to the House of Commons, Chancellor of the exchequer Jeremy Hunt (pictured) stated that he had accepted recommendations made by the Low Pay Commission ...
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ArticleGovernment maintains national insurance contributions freeze
Autumn budget 2022: The government has decided to maintain the current freeze on employers' national insurance (NI) contribution thresholds for a further two years.Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028.In addition, the employment allowance ...
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ArticleGovernment reduces 45% income tax threshold
Image credit: Gints Ivuskans / Shutterstock.comAutumn budget 2022: The government has reduced the threshold at which the 45% rate of income tax becomes payable, from £150,000 to £125,140.Chancellor of the exchequer Jeremy Hunt made the announcement in his autumn budget statement, noting that those earning £150,000 or more would pay ...
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ArticleMobysoft implements £1,200 cost-of-living payment
Manchester-based software service firm Mobysoft has given employees earning up to £35,000 a £1,200 cost of living support payment to help combat the effects of the current cost-of-living crisis.The payment will be split over the next four months to February 2023, and the firm also offered a tapered support programme ...
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ArticleScaler gives workforce 10 days of paid gratitude leave
India-based technology upskilling startup Scaler has given its 2,200 employees 10 days of paid time off at the end of the year.The business introduced what it called ‘gratitude leave’ in order to allow staff a break from 21 December through 1 January, rewarding their hard work throughout the year, which ...
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ArticleBarratt Homes gives staff second £1,000 cost-of-living payment
Housebuilder Barratt Homes is to give an additional £1,000 to 95% of its workforce in order to help with the rising cost of living.More than 6,800 employees under the firm’s grade 5a tier will be eligible for the payment. The support will not change other pay-related benefits, such as pension ...