All Employee Benefits articles in Web Issue – Page 1337
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ArticleTelefonica UK reports mean gender pay gap of 13.5%
Telefonica UK (O2) has reported a mean gender pay gap of 13.5% for average hourly pay as at April 2020.The organisation, which currently has 6,700 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 or more ...
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ArticleUniversity of Sheffield cancels plans to introduce pay freezes and cuts
The University of Sheffield is cancelling its plans to introduce pay freezes and pay cuts due to the financial impact of the Covid-19 (Coronavirus) pandemic.In July 2020, the university began a consultation period with its 8,000 staff to discuss the possibility of changes to their pay structure, progression and promotion, ...
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Supplier articleMark Foster dives into Gympass Wellbeing Unplugged Webinar
Gympass is delighted to welcome ex-Olympian GB swimmer and highly respected sports media personality Mark Foster to the 5th edition of its virtual Wellbeing Unplugged events. On Thursday August 27 from 4pm, Mark will take the hotseat in the Gympass Wellbeing Unplugged Happy Hour to share his incredible journey including ...
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ArticleGett offers 1,000 employees a four day working week
Transportation organisation Gett is offering its 1,000 employees globally the option to work a four day week from a location of their choice.The new policy Gett Flexi, will offer employees, including its 150 staff in the UK, the opportunity to work four days a week, with the new working week ...
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Supplier articleUnlocking wearables’ data for a healthier workforce
Over the last decade wearables have become increasingly popular as our obsession with self-monitoring grows. With an increased number of employees working remotely, individuals are turning to their devices to track personal progress, seek motivation and monitor their well-being as they figure out a new routine to stay fit, healthy ...
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ArticleDamia Group launches employee ownership trust
International recruitment firm Damia Group is now 100% employee owned, following on from introducing an Employee Ownership Trust (EOT).The 15 employees at Damia Group now control 100% of the shares within the business that is headquartered in Guildford and has offices in Edinburgh and Portugal.The business established the EOT to ...
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ArticleReed Smith partially lifts Covid-19 pay cuts
International law firm Reed Smith is reducing the employee pay cuts it implemented in June 2020 to deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.The organisation, which has 12 offices world-wide including London, will be increasing the pay of its employees whose yearly salary before the pay decrease ...
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Article
Visa uses communication to engage employees with pensions
Financial services business Visa offers a quarterly bonus scheme to its 19,000 employees based on their performance.To increase the chances of employees having a healthy retirement fund, the organisation in July 2017 allowed employees to contribute some or all of these bonus funds towards their pension savings tax-free, in comparison ...
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ArticleBritish Arab Commercial Bank appoints Chris Dunford as chief people officer
British Arab Commercial Bank (BACB) has hired Chris Dunford as the new chief people officer.Before taking on this new role ar BACB, Dunford spent four months as an interim HR director for the bank. Dunford will be responsible for delivering BACB’s people strategy, seeking to improve the businesses core values, ...
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Case StudiesNatwest Group's benefits agenda reflects its strategy of championing people potential
When Alison Rose was appointed the chief executive of Natwest Group in November 2019, she put forward her purpose-led strategy for the banking group: to champion the potential of people, families and businesses.It is this strategy that has been driving the reward and benefits agenda at the organisation. Sharon Midwinter, ...
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Case StudiesThe benefits offered by Natwest Group
The benefits offered by Natwest Group (previously RBS Group):PensionTrust-based defined contribution (DC) pension scheme; employees are awarded 10% of their salary as pension funding.Save More Tomorrow initiative which automatically increases pensions contributions by 1% each year.Defined benefit (DB) pension, closed to new members.Group risk and protectionDisability cover, through the flexible ...
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Supplier articleKeeping race on the agenda
The recent Black Lives Matter protests and wider civil rights movements have brought the topic of race and racism into the foreground throughout society. To help maintain this momentum, clinical psychologist Dr Fabienne Palmer outlines how employers and business leaders can continue conversations about race equality in ...
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ArticleKennedys resumes salary increases and bonus reviews after Covid-19 delays
Global law firm Kennedys has resumed its annual global salary increase and bonus reviews, that were initially put on hold due to the financial uncertainty resulting from the Covid-19 (Coronavirus) pandemic.The delayed salary performance-based reviews, which were due to take place in May 2020 for non-lawyer employees and September 2020 ...
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ArticleLinklaters introduces long-term flexible working policy for 5,200 employees
Global law firm Linklaters is introducing a new global agile working policy for its 5,200 employees.The organisation's enhanced remote working policy will allow employees to work from home 20-50% of the time, even after Coronavirus restrictions are lifted, as long as this is communicated to teams beforehand and operational roles ...
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ArticleHomeserve signs Race at Work charter to improve workplace equality
Emergency repairs and improvements organisation Homeserve has signed the Race at Work charter, committing to address the issues that ethnic minority employees face in the workplace.The race charter, which has been developed in partnership with the UK government and business outreach charity Business in the Community (BITC), has set out ...
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ArticleCalifornia Court of Appeals grants Uber and Lyft extension over ruling
The California Court of Appeal has granted US ridesharing businesses Uber and Lyft an extension to classify their drivers as employees during the appeal process in its ongoing court case.On 10 August 2020, the superior court of the state of California, ruled that over 750,000 Uber drivers and over 1.4 ...
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OpinionLiam Goulding: Are employers and trustees working in harmony?
Employers have been facing unprecedented challenges in recent years, and this year in particular as a result of Covid-19 (Coronavirus). With the potential for significant reductions in cash flows and deepening funding strains for defined benefit (DB) schemes, trustees will be scrutinising employers more closely than ever in order to ...
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Supplier articleHR’s biggest priorities for the post-COVID-19 workplace
Welcome back to the second part of the series, where we'll be exploring the biggest priorities for HR in a post-COVID-19 world. If you missed the first post, learn more about the role of HR after COVID-19.A 'future-first' mindset will help businesses not only survive, but thrive in the new ...
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ArticleHitachi UK completes £275 million pensions buy-in transaction
Hitachi UK has agreed to a £275 million buy-in transaction for its defined benefit (DB) pension scheme with Legal and General Assurance Society (Legal and General).This is the first transaction between Hitachi UK and Legal and General, which covers the remaining uninsured deferred members and retirees, since Hitachi's first buy-in ...
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ArticleCommonwealth Bank increases paid leave for parents of stillbirth
Commonwealth Bank (CBA) has increased its paid parental leave for any of its 52,000 employees who suffer from a stillbirth.The bank is increasing the parental leave for primary carers to 12 weeks of paid leave, while secondary carers will have access to four.This is in addition to the flexible parental ...