All Total reward articles – Page 85
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ArticleRevolut moves to permanent flexible working
Banking services app provider Revolut has this week confirmed it will permanently move to flexible working arrangements.From now on, the organisation's 2,000+ employees have a choice about when and how often they would like to work from home, and how often they would like to work in an office.Despite 98% ...
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ArticleThe top 10 most-read articles between 28 January – 3 February 2021
The top 10 most-read stories on employeebenefits.co.uk between 28 January – 3 February 2021 were: Bank of America rolls out thank-you awardsCovid-19 causing a burnout epidemicLockdown benefits ‘not fit for purpose’How is the pensions dashboards project progressing?Cronkshaw Fold Farm offers goat cameos to combat Zoom fatigueStena U-turns on sick pay ...
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ArticleAbercrombie appoints Holly May
Fashion brand Abercrombie & Fitch Co has appointed Holly May as its new chief human resources officer.May joins the brand having previously been senior vice president of global total rewards and service delivery at coffee giant Starbucks. At Starbucks she led the strategic direction of its global compensation and benefits ...
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ArticleEXCLUSIVE: Employer relationships weakened by Covid-19
EXCLUSIVE: Covid-19 (Coronavirus) has permanently changed employer-employee relationships, including employee attitudes to benefits, according to research by MetLife exclusively shared with Employee Benefits.The study, presented in a report entitled ‘Re:Me’, questioned 300 employers and 900 workers and found 62% of staff felt their relationship with the employer had changed, with ...
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ArticleResearch reveals top paying careers after 20 years
New research by Standout CV has unveiled the top paying careers by the time an employee reaches their 20th year in the job.Traditionally the half-way point in people’s working lives, the study revealed that it is pilots who accumulate the most cash by their 20th work anniversary - pocketing £1,132,500.Created ...
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ArticlePension withdrawals continue to rise
Figures released by HMRC have revealed an alarming level of defined contribution pension withdrawals – with money accessed for Q4 up 10% on the same quarter a year earlier.The data shows 360,000 people withdrew from their defined contribution pension during October, November and December last year - up from the ...
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ArticleGrampian Housing Association offers Wellbeing Day
Grampian Housing Association has announced it is giving staff a ‘wellbeing day’, initially to help them cope with the pressures of lockdown.According to Chris Mathieson, the association’s compliance, engagement and support lead, staff can use their day whenever they want – all they have to do is ensure they are ...
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ArticleGender pay gap submissions down 50% on last year
With just 56 days to go before qualifying organisations need to submit their gender pay gap reporting, new figures have revealed that submissions are barely 50% what they were this time last year – and some are blaming confusing government advice as the reason.As of midnight on 27 January, only ...
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ArticleFinancial impact of pandemic worst for low-paid workers
Research by the Trades Union Congress (TUC) into household income reductions caused by Covid-19 (Coronavirus) has revealed low-paid workers have suffered the most, with half having experience a loss of income during the pandemic, compared to 29% of high earners.Commissioned as part of its submission to government about what next ...
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ArticleLockdown benefits ‘not fit for purpose’
New research by employee benefits provider Edenred suggests staff are dissatisfied with the level of support they are getting from their organisation – with lockdown benefits branded ‘not fit for purpose’.The research, which questioned 2,000 UK employees, found employers were seen to be falling short in the areas of reward ...
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ArticleSMEs create surge in demand for employee benefits
Results of the 2021 Employee Benefits and Workplace Satisfaction Survey from financial wellbeing provider Drewberry found that small and medium-sized enterprises (SMEs) were responsible for a huge surge in demand for new employee benefits types last year.According to the data, nearly half (47.4) introduced additional employee benefits during 2020 – ...
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ArticleCovid-19 causing a burnout epidemic
New data by OC Tanner has revealed that the Covid-19 (Coronavirus) pandemic is causing a different kind of global crisis – that of employee burnout.According to its 2021 Global Culture Report – which surveyed 40,000 employees – Coronavirus has increased rates of burnout by 15% globally, while it rises by ...
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ArticleCitigroup publishes 2020 pay gap results
Citigroup's latest pay-gap reporting figures showed that the bank paid women 26% less than men in 2020.As well as revealing its overall male-female pay gap, the data also found that employees from minority groups earn 6% less than non-minorities.The combined 26% gender pay gap is only a slight improvement from ...
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ArticleHachette UK narrows its gender pay gap
Hachette UK, Britain’s second-largest publishing group, has reported a small reduction in its gender pay gap.According to the organisation's just-published 2020 Gender Pay Gap Report, its mean gender pay gap improved this year dropping to 17.6% from from 18.4% in 2019.Hachette also announced that it had increased the number of ...
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ArticleeBay appoints Cornelius Boone as chief people officer
Online auction giant eBay has announced the appointment of Cornelius Boone to SVP, chief people officer – a role that will see him responsible for all elements of HR internationally.His initial remit will be to drive business performance, talent development and acquisition, learning and development strategies, compensation and benefits, HR ...
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ArticleLidl rewards frontline staff with £200 ‘thank-you’
Low-cost supermarket chain Lidl is to give all of its frontline workers a one-off £200 ‘thank-you’ in appreciation of the commitment staff have shown during the Covid-19 (Coronavirus) crisis.The payment – to in-store staff, cleaners and those who work in its warehouses – will be awarded to around 25,000 workers, ...
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ArticlePay and working hours rise as employment falls
Latest figures published by the Office for National Statistics (ONS) have painted a mixed picture of the state of employment in the UK, with employment continuing to fall but working hours and pay on the up.According to the ONS figures, the number of payrolled employees has fallen by 828,000 since ...
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AnalysisHow can employers align their reward strategy and diversity and inclusion policies?
Need to know:Equality is firmly on the board agenda, with events such as the pandemic and Black Lives Matter forcing organisations to treat employees fairly.Technology can play a key role in driving diversity and inclusion through reward, enabling greater benefit choice and more personalisation of messaging.By highlighting inequalities, the pandemic ...
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ArticleEdelman offers paid 'time-out' days to support staff through menopause
The UK & Ireland arm of global PR, firm, Edelman, has announced it is to offer 10 fully-paid ‘time-out’ days for anyone needing respite from the impacts of the menopause.The perk – which was announced late last week – does not just give women paid time off, but also extends ...
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ArticleCambridge University becomes a living wage employer
Cambridge University is now an accredited living wage employer, with its new ‘Living Wage Commitment’ meaning staff at the historic academic institution will receive a minimum hourly pay rate of £9.50 in the UK or £10.85 in London.Eilís Ferran, pro-vice-chancellor at University of Cambridge, said: “University of Cambridge staff are ...