All Employee Benefits articles in Web Issue – Page 1323
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ArticleO2 launches £10 million bonus programme for 6,700 staff
Telecommunications organisation O2 has introduced a £10 million employee bonus scheme to incentivise its 6,700 employees.Its See What You Can Do incentive programme, which will use metrics from customer growth, allows employees to work towards receiving a £1,500 bonus payment.The target is split between two six-month periods, which will run ...
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Supplier articleGympass adds personal training to suite of employee wellness services
Gympass, the UK’s leading corporate fitness platform, has expanded its UK offering for employees by adding Personal Training to its suite of services.Employers who partner with Gympass can now offer their employees up to eight online Personal Training sessions a month as part of their membership. The inclusion of Personal ...
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ArticleKeep updated with the mini-Budget 2020
Chancellor Rishi Sunak will deliver his mini-Budget speech at approximately 12.30 pm on Wednesday 8 July 2020.He will be expected to discuss further plans to get the UK economy back on track to help businesses and the UK population deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.Stay tuned ...
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ArticleGovernment reverses ruling on charging tax for Covid-19 tests
The Government has reversed its ruling on classing Covid-19 (Coronavirus) testing as a benefit in kind tax.Concerns were raised by Mel Stride, chair of the treasury committee after guidance published by HM Revenue and Customs (HMRC) on 6 July 2020 stated that Coronavirus (Covid-19) testing kits or tests carried out ...
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OpinionJames Davies and Amy Cooper: How are employers continuing to deal with Covid-19?
The Covid-19 (Coronavirus) crisis presents businesses with multiple challenges, including how to continue to get the best out of their workforce while keeping them safe.Many employees have had to juggle childcare and schooling responsibilities with working in makeshift home offices. The government’s furlough scheme has, meanwhile, helped preserve jobs where ...
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Supplier articleWhy recognising top employees will help your company bottom line
While lockdown restrictions are easing, the threat of COVID-19 is not quite over and the transition from remote work into the workplace can be the cause of extreme stress. During this uncertainty, conversations about productivity and performance can be difficult but are necessary.It is clear that being forced into remote ...
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ArticleFour Seasons Health Care provides full sick pay for 15,000 care workers
Four Seasons Health Care (FSHC) will pay 15,000 care workers full pay if they have to self-isolate due to the Covid-19 (Coronavirus) pandemic.Employees working at any of its 185 facilities, who have been self-isolating or have contracted the virus since April 2020, will also have their pay backdated.Since the beginning ...
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ArticleJD Sports Fashion reports mean gender pay gap of 14.9%
Sports retailer JD Sports Fashion has reported a mean gender pay gap of 14.9% for average hourly pay as at April 2019.The organisation, which currently has over 49,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with ...
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ArticleSouth London and Maudsley NHS Trust gives 5,500 staff early access to pay
South London and Maudsley NHS Foundation Trust is giving its 5,500 employees early access to their pay due to the financial constraints of the Covid-19 (Coronavirus) pandemic.Employees will be able to receive 50% of their pay on the day that they earn it through payment platform Hastee, as part the ...
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ArticleEmployers to receive £1,000 bonus for every furloughed employee returning to work
Mini-Budget 2020: The government has introduced a payment to UK employers of £1,000 for each furloughed employee who returns to work and remains with the business through to the end of January 2021.Employees must be earning above the lower earnings limit of £520 per month between the end of October ...
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ArticleGovernment announces Kickstart job scheme for young employees
Mini-Budget 2020: The government has introduced a new scheme offering to pay 100% of the wages of employees aged 16-24, if an organisation chooses to hire them on a six-month job placement.Employers can claim back the cost of the national minimum wage of £6.45 for employees aged between 18 and ...
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OpinionNeil Bowden: Employers can manage pension costs when emerging from lockdown
The first step to mitigating pension costs might be a simple one: surprisingly, according to government figures published in May 2020, 40% of employers have not claimed for the national insurance and pension contributions elements available under the Coronavirus Job Retention Scheme (CJRS).If an employer is concerned about their pension ...
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Case StudiesBNP Paribas' pension scheme manages risk through employee communication
The BNP Paribas pension scheme is a mastertrust set up in 2014, formed from legacy schemes that date back to 1987. It has over 20,000 members, of whom 8,000 are active.Ten UK BNP Paribas companies participate, with varying contribution levels. The organisation operates a pensions committee to manage the scheme’s ...
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AnalysisHow can employers manage pension risk in the current climate?
Need to know:Some employees have experienced sharp losses which have derailed their retirement plans.Many very low risk default funds have lost money as gilts plummeted.Unfortunate timing of the stock market falls in March will be starkly reflected in annual statements.Covid-19 (Coronavirus) has created a perfect storm for poor decisions ...
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Supplier articleHow to maintain an inclusive culture during times of change
In the course of the pandemic, businesses everywhere have been forced to make difficult decisions to ensure their future. While we’ve seen many close their doors either permanently or temporarily, others have used the support from the Corona-virus Job Retention Scheme (aka the Furlough Scheme) to preserve jobs and cash ...
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ArticlePricewaterhouseCoopers, NHS and IBM named best employers for equality and inclusion
PricewaterhouseCoopers (PWC), NHS employers and International Business Machines Corporation (IBM) have been recognised as three of the best employers for equality and inclusion.The virtual ENEI Awards held 8 July 2020, saw 25 businesses win accolades across 20 categories and a further 22 entries being highly commended for their efforts.PWC was ...
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Article35% of employers plan to freeze pay or postpone pay rises
More than one-third (35%) of UK employers are planning to freeze pay or postpone pay rises, according to research by Willis Towers Watson.Its survey of 15,000 employees across 132 countries also found that under two-fifths (39%) have already decided to reduce annual bonuses.In addition, the findings revealed that one-fifth (19%) ...
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ArticleRyanair reduces pay by up to 10% for UK cabin crew
Irish airline Ryanair has introduced 5-10% pay cuts for its UK cabin crew to avoid job losses due to the financial constraints of the Covid-19 (Coronavirus) pandemic.Depending on salary tier, employees will see their pay reduced by 5% for the lowest-paid staff, 7.5% for medium-tier staff and 10% for the ...
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Supplier articleEight Foods to Fight Tiredness
We all get that slump that you just can’t shake where tiredness takes over. Sometimes we haven't eaten enough, sometimes we've eaten too much! Either way, food plays a key part in our energy levels. To help you ward off tiredness, we've searched for the best foods to make you ...
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Supplier articleBusy Bees Benefits: Adapting Your 2020 Business Strategy
Over the last decade, employee expectations have changed dramatically. This is especially significant as we ease out of the government’s lock down following the corona virus pandemic.It’s becoming increasingly clear that although salary remains important, offering a competitive and flexible employee benefits package works to attract and retain employees. By ...