All Pay strategy articles – Page 78
-
ArticleMore than 80% of employers help staff with cost-of-living rise
More than 80% of large UK organisations are taking action to help staff during the cost-of-living crisis, according to research by professional services firm PricewaterhouseCoopers (PWC).Its survey of 98 heads of reward and reward specialists from 84 organisations with more than 250 employees found that 53% have offered financial support ...
-
ArticleThe top 10 most-read articles between 19 - 25 August 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 19 - 25 August 2022 were: EXCLUSIVE: Natwest Group introduces menopause supportOddbox launches financial wellbeing platform for staff4Com gives staff extra £200 a month to help with energy bills Work-life balance beats salary as top factor in choosing new roleUK ranks sixth ...
-
ArticleKraftHeinz to give 700 employees 5.5% pay rise and £1,200 bonus
Around 700 KraftHeinz employees, represented by trade union Unite, have secured a pay increase and bonus, overall worth 11% of their yearly wage.The deal includes a 5.5% increase on base rates and two one-off payments totalling £1,200, with the first payment of £500 to be paid immediately, and the second ...
-
ArticleSinead Carville: Are cost-of-living payments more effective than pay rises?
At FinTru, we have always been tuned into factors internally and externally that impact our employees. We have several mechanisms to elicit feedback and conversation from employees to understand and get ahead of factors that may be having a negative impact on them. It has not been lost on anyone ...
-
ArticleJohn Hood: Are cost-of-living payments more effective than pay rises?
In these incredibly unprecedented times, any way employers are looking to support workers is positive. However, our focus, of course, is much more on the side of pay rises, rather than ad-hoc bonus payments.There are a few reasons for this, one of which is that our campaign at the Living ...
-
ArticleAlison Kidd: Are cost-of-living payments more effective than pay rises?
One of the most effective ways to make colleagues feel supported is by engaging in honest conversation and listening to their concerns, their needs and their thoughts. By doing so, you can identify what, as an employer, you can do to make a positive difference on employee wellbeing.By taking this ...
-
ArticleWork-life balance beats salary as top factor in choosing new role
Two-fifths (41%) of UK employees were attracted to their current role for the promise of work-life balance, compared with 36% who cited salary, according to research by workplace pension provider Aviva.This was a change compared to before the Covid-19 (Coronavirus) pandemic in 2019, when 41% were attracted to salary, the ...
-
ArticleBurness Paull gives employees 5% bonus to reflect profits
Scottish law firm Burness Paull has awarded staff a payment worth either 5% of their annual salary or £2,500, depending on which is the higher figure, in order to reflect the strong performance of the business.The firm employs around 600 people, including 86 partners, across its offices in Edinburgh, Glasgow ...
-
ArticleFormer Manchester Working staff compensated for failed employment transfer
A dozen employees originally employed by Manchester Working (MW) have received compensation payouts after they were left jobless due to a failed employment transfer.The workers secured almost £65,000 after their elected employee representative Jane Deegan brought claims for failure to inform and consult under the Transfer of Undertakings (Protection of ...
-
Article1,900 Port of Felixstowe employees strike in pay row
Credit: SciPhi.tv / Shutterstock.comMore than 1,900 crane drivers, machine operators and stevedores employed by the Port of Felixstowe have commenced eight days of strike action as part of a pay dispute.The strike began yesterday and is set to end on 29 August. Trade union Unite said the employer has failed ...
-
Article4Com gives staff extra £200 a month to help with energy bills
UK telecommunications provider 4Com has introduced an additional £200 a month payment for every member of staff in response to growing concerns around energy bills.The energy support bonus, implemented as a result of forecasts projecting that energy bills could reach above £4,000 a year from January 2023 and in order ...
-
ArticleKier Group introduces enhanced sick pay policy for 10,800 construction staff
Credit: Paul Maguire / Shutterstock.comConstruction business Kier Group has agreed to implement day one sick pay above statutory levels for 10,800 of its employees as of September, following a campaign by the union Unite.The highway maintenance workers will now receive sick pay of up to £100 per day from the ...
-
ArticleStaff at DHL Life Sciences Banbury secure 9% pay rise
Staff employed at DHL Life Sciences Banbury have voted to accept a 9% pay increase and one waiting-day policy for sickness absence.The members of staff, who are members of the union GMB, are in charge of warehousing medical devices, pharmaceutical and clinical trials logistics and supply chain.The union carried out ...
-
ArticleRoyal London gives lower-paid employees £1,000 pay rise
Insurance group Royal London has pledged to give all permanent and fixed-term employees on full-time equivalent (FTE) salaries of less than £40,000 per annum a £1,000 FTE pay increase.The organisation employs more than 4,000 workers, and the pay rise will take effect from October for around half of its workforce, ...
-
ArticleYorkshire Building Society gives staff £1,200 cost-of-living payment
Yorkshire Building Society has awarded the majority of its employees a one-off £1,200 payment in order to boost its financial support and help with the rising cost-of-living.All eligible members of staff will receive the payment in September, subject to the usual deductions. Chief officers, directors and any employees working their ...
-
ArticleUber agrees to pay rises for 70,000 UK drivers
Around 70,000 Uber drivers based in the UK have secured a pay rise following successful negotiations with trade union GMB.Wages will increase at varying rates for different cities, linked to fare rises. In London, prices are set to go up by an average of 5%. Uber has also stated that ...
-
ArticleNationwide Building Society gives staff £1,200 cost-of-living payment
Nationwide Building Society has awarded its more than 11,000 members of staff with a £1,200 one-off payment as it increases support during the cost-of-living crisis.The payment has been introduced for those who earn £35,000 or less per year, which is 61% of its 18,000-strong workforce. It will be paid in ...
-
ArticleEXCLUSIVE: 35% of employers will not change pay despite rising living costs
More than a third (35%) of employers are not planning on making any changes to pay policies in light of the current economic environment, according to research by insurance brokerage, risk management and consulting services firm Gallagher.Conversely, 40% of employers said they have demonstrated their commitment to supporting employees financially ...
-
ArticleMedian monthly pay up by 6.6% in July 2022
Early estimates for July 2022 from the Office for National Statistics (ONS) indicate that median monthly pay was £2,108, a 6.6% increase compared with the same period last year.According to the findings, pay growth fluctuated around 3.6% until 2020 when it became negative, following an increasing pay growth trend between ...
-
ArticleBritish Airways staff secure 13% raise in bid to reinstate 2019 pay levels
A total of 16,000 British Airways staff have won a 13% pay increase after receiving pay cuts during the Covid-19 (Coronavirus) pandemic.Employees will be given a lump sum worth 5% of their wages this month, a consolidated 5% increase in September, and a further 3% consolidated rise in December, working ...