All Pay strategy articles – Page 76
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ArticleAction urged to rebalance pension wealth
Shareholder returns that feed into UK workers’ pensions “disproportionately benefit a wealthy minority”, according to a report put together by the TUC, think tank Common Wealth and the High Pay Centre.The study found that almost one in three UK shares was held by a UK pension fund in 1990 yet ...
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ArticleCoventry bin drivers add more strike dates
Bin lorry drivers employed by Coventry City Council have announced more strike dates as their campaign for improved wages continues.A total of 19 further days of industrial action have been set across January, February and March, with around 70 drivers expected to be involved.The West Midlands drivers held a 48-hour ...
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ArticleSainsbury’s increases shop staff pay to £10 an hour
Sainsbury’s has announced that all its store workers will shortly earn at least £10 an hour.The retail giant will increase the basic rate of pay across its supermarkets and Argos outlets from £9.50 an hour from 6 March, with the first pay day to reflect the change being 8 April.Also ...
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ArticleUK Swissport staff receive above-inflation pay rise
Swissport employees, who provide baggage handling and check-in services at a large number of airports across the UK, have voted to accept an above-inflation pay rise.The 8.54% hike will be paid from this month (January 2022) along with a payment to account for a smaller 2.4% rise backdated to January ...
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ArticleB&M awards bonus to 24,000 staff
More than 24,000 members of staff employed by discount retailer B&M will receive a sum equivalent to an extra week’s wage for their “considerable efforts” during the festive period.The Merseyside-headquartered business said employees will get the bonus payment this month (January) following “strong” trading over Christmas.Festive business was boosted by ...
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ArticleThe top 10 most-read articles between 30 December 2021 – 6 January 2022
The top 10 most-read stories on employeebenefits.co.uk between 30 December 2021 – 6 January 2022 were: How will the 'Great Resignation' change employees' attitudes to employee benefits?Eastbourne bin lorry staff strike escalatesKerry Hudson: Is a change ahead in flexible working laws?Plymouth City Council HGV drivers get new pay dealMinisters draw ...
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ArticleConfessions of a benefits manager: Candid hires a contractor
I’m beginning to think that Big Bad Boss is finally softening up a bit; he has approved getting another pair of hands to help with the annual compensation processes.This year is a bit different; we have changed the calendar so that pay planning and bonus planning will be done at ...
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ArticleSamantha Johnson: Will the national minimum wage increase support staff financial wellbeing?
Employee wellbeing has played a significant role in attraction and retention strategies for a number of years, focusing predominately on mental health and a work-life balance. Financial wellbeing is a welcome addition to this agenda.Multiple researchers have demonstrated that financial stress is one of the most significant causes for absence ...
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ArticleClaire Williams: Will the national minimum wage increase support staff financial wellbeing?
Prime Minister Boris Johnson this year said his goal was "a high wage, high skill, high productivity economy that the people of this country need and deserve”, and next year's increases in the national living wage and national minimum wage are a key part of that.However, the pay rises, which ...
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ArticleKay Maddox-Daines: Will the national minimum wage increase support staff financial wellbeing?
With inflation across a wide range of household essentials including fuel, energy and food, UK homeowners are understandably anxious about the impact on their finances heading into the new year.The rise in the national living wage is a step in the right direction, but there is still a substantial gap ...
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ArticleAlex Watson: Will the national minimum wage increase support staff financial wellbeing?
For low-paid workers, the repercussions of the Covid-19 (Coronavirus) pandemic have exacerbated income insecurity, and issues of in-work poverty are on the increase.Young people are more likely to have been employed in sectors that were impacted hardest during the pandemic and more likely to have been furloughed, so assuming they ...
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ArticleMaking more staff eligible for auto-enrolment will help levelling up
More people should be automatically enrolled in workplace pensions, scrapping the age and earnings thresholds that have existed since auto-enrolment began to be phased in a decade ago.That’s according to Richard Holden MP who is today tabling a private members’ bill to increase pension participation among lower paid, younger and ...
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ArticlePlymouth City Council HGV drivers get new pay deal
Heavy goods vehicle (HGV) drivers employed by Plymouth City Council have received a “groundbreaking” regrading deal, which has boosted their job status and increased their pay.Trade union Unite said it had negotiated a job reclassification for the 46 drivers working for the Devon local authority from unskilled to semi-skilled, which ...
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Article32% of staff to increase emergency funds in 2022
One in three UK employees is prioritising building up emergency savings in 2022, according to new data, as financial uncertainty from the Covid-19 (Coronavirus) pandemic has promoted the need for a financial cushion.Pensions and investments services company Aegon’s latest research, which was conducted among 2,000 UK working adults in December, ...
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ArticleEastbourne bin lorry staff strike escalates
Refuse truck drivers in Eastbourne, East Sussex are to strike for an extra six days on top of planned industrial action in an escalating dispute over pay and safety issues.Trade union GMB said the campaign could be extended further if constructive talks are not held with the South Coast local ...
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OpinionDr Zofia Bajorek: Good work holds key to mitigating the 'Great Resignation'
Over the past few months, there has been a lot of discussion about the ‘great resignation’: the idea that employees are leaving their jobs at unprecedented rates.The post-Covid labour market suggests that there are a high number of vacancies but not enough staff to fill them, and so workplaces need ...
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ArticleAldi gives staff pay rise from February 2022
Aldi has announced that it will increase the hourly pay rates for its 28,000 members of staff from 1 February 2022 in a bid to maintain its position as one of the UK’s highest-paying supermarkets.All UK-based store assistants at the German-owned grocery chain are set to receive at least £10.10 ...
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ArticleThe top 10 most-read articles between 10 December – 16 December 2021
The top 10 most-read stories on employeebenefits.co.uk between 10 December – 16 December 2021 were: How can employers assess value for money in a DC pension?Confessions of a benefits manager: Candid gets a recognition awardIt's a dog's life for one special puppy palWilson James introduces staff wellbeing platformPoor mental health ...
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ArticleAston Martin staff threaten to strike in pensions row
Workers employed by Aston Martin have threatened the car manufacturer with strike action over changes to their company pension scheme.Trade union Unite said an initial ballot over potential industrial action had been held in response to proposals to switch staff currently on the business’ defined benefit scheme to a defined ...
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Article52% of HR staff consider paying above the average rate
More than half of HR professionals are considering handing their employees pay increases above the market average to retain talent, according to research.A poll of 125 senior HR, diversity and inclusion, reward and people professionals at FTSE 100 businesses by insights firm HR DataHub found 52% were mulling an above-average ...