All Employee Benefits articles in Web Issue – Page 1360
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ArticleReal living wage rate increases to £9.50 an hour for UK staff
The real living wage rate has increased by 20p per hour, rising from £9.30 to £9.50 an hour for employees working across the UK, as announced by the Living Wage Foundation today (Monday 9 November 2020).The real London living wage, paid voluntarily by employers has also increased by 10p, from ...
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ArticlePandora to pay staff in full during Covid-19
Jewellery manufacturer and retailer Pandora will continue to pay its employees in full despite the financial ramifications of the Covid-19 (Coronavirus) pandemic.The employer has confirmed that despite lockdown measures forcing UK stores to close once again, Pandora will continue to pay employees in full during uncertain times.In March 2020 when ...
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ArticlePRS for Music reports mean gender pay gap of 13.8%
Image credit: Andi SmallwoodPRS for Music has reported a mean gender pay gap of 13.8% for average hourly pay as at April 2020 down from 19.1% the previous year.The organisation, which currently has over 1,000 employees, reported its gender pay gap data in line with the government’s gender pay gap ...
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AnalysisWhat health and wellbeing support should employers offer during the festive period?
Need to know:Government restrictions could impact the number of social gatherings employees can attend over the festive period.The lack of social interaction during the pandemic has increased levels of stress among employees.Employers have a critical role to play in supporting the mental and physical health of staff during the festive ...
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OpinionBecky Thoseby: Supporting employees during the festive period
With autumn weather already here, increased restrictions across England and grim predictions for the coming months, many people will be looking towards winter with trepidation, and this is likely to affect their wellbeing. At Ministry of Justice (MOJ), we have, therefore, been looking at how to safeguard employee wellbeing during ...
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Case StudiesPaysafe launches wellbeing strategy to support staff through difficult periods
Financial services organisation Paysafe introduced a new mental health strategy to support the wellbeing of its 3,000 employees through the Covid-19 pandemic (Coronavirus) and the winter months.To prepare its workforce for the winter months, in August 2020, the organisation launched the Headspace app to employees for free, encouraging them to ...
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Supplier articleEngagement Excellence Live is happening next week
When the pandemic hit, HR leaders (HR heroes, really) took action, and throughout have remained focused and driven. Adrenalin kicked in, and you and your teams channeled the energy into evolving your employee engagement strategies in an effort to support employee welfare and create an environment where your people are ...
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ArticleNetwork Rail gains living wage accreditation
Railway organisation Network Rail has officially become a real living wage employer, accredited by the Living Wage Foundation.Its 41,000 employees will benefit fromthe living wage, which has increased by 20p per hour as of 9 November 2020, to£9.50 outside of London and £10.85 in the capital. The living wage, which ...
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ArticleSimmons and Simmons resumes bonus reviews
International law firm Simmons and Simmons has resumed its annual pay and bonus reviews that were initially put on hold due to the financial uncertainty resulting from the Covid-19 (Coronavirus) pandemic.The employer delayed salary and bonus performance-based reviews, as well as partner distributions in April 2020 during a reduction in ...
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Supplier articleRecognition: A crucial tool in tough times
Lauren Goldgrub, General Manager – Reward & Recognition, BenefexHow can Recognition technology help to influence your culture and bring people together during difficult times? In this webinar, Benefex is joined by our friends at MIB – Motor Insurers’ Bureau – who tell us all about their experiences of launching a ...
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ArticleCapita gives 45,000 employees early access to pay
Professional services and business process outsourcing organisation Capita has introduced a personal finance app to support the financial wellbeing of its 45,000 employees.The organisation, which partnered with financial wellbeing app Level, will give employees the chance to access their pay early. In the coming weeks, UK employees at Capita will ...
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Supplier articleEmployee wellbeing in a shaken population
Pension schemes don’t exist in isolation - the pension strategy always has to be looked at in the joint contexts of the wider employee benefit and engagement strategies. ‘Better outcomes for pension scheme members’ takes joined up thinking that incorporates the evolving employee experience. The Covid-19 pandemic ...
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OpinionOliver Topping: The journey continues for pensions dashboards
The pensions dashboards of the 2020s will, hopefully, help staff on a different kind of journey: a digital path to retirement.Recent updates from the Pensions Dashboards Programme (PDP) has set out a timeline for bringing dashboards online from 2023 onwards, though this may slip given the complexity of the project. ...
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ArticleLyft and Uber win legal battle in California to classify drivers as contractors
Ridesharing organisations Uber and Lyft have won the right to classify their drivers as contractors, not employees.In October 2020, The California Court of Appeal ordered US ridesharing organisations Uber and Lyft to classify their drivers as employees following an appeal process. However, California Proposition 22 (Prop 22), a new law ...
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Supplier articleHow Recognition programmes must evolve to meet changing circumstances – a Colt Technology Perspective
As everyone is aware, the Coronavirus pandemic has, for the foreseeable future anyway, fundamentally changed the way we work and live. Offices remain closed or open with limited access and the most popular form of communication is through video conference. Remote working has become the norm, and organisations are having ...
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Supplier articleFree eBook: Your Guide to Navigating COVID-19
As the COVID-19 pandemic has drastically altered the workplace and most people's day-to-day lives, employee engagement has become more important than ever. Amidst the uncertainty in the world, employees are looking to their organisations to support, recognise and connect them during these difficult times.In this eBook, you will learn:How the ...
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ArticleBBC Studios appoints Debi Povey as reward business partner
BBC Studios has appointed Debi Povey as its reward business partner.She will contribute to the design and the development of the reward strategy, ensuring that it is aligned with the organisation people strategy. Povey will additionally ensure that BBC Studios supports its employees in a proactive and effective manner.Povey moves ...
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ArticleTesco rewards staff with 10% bonus payment
Supermarket chain Tesco is rewarding its employees with a 10% bonus to recognise their efforts dealing with the increasing demand for supplies during the Covid-19 (Coronavirus) pandemic.The 10% bonus will be paid to all permanent employees that work within its stores, distribution centres, customer fulfilment centres and its customer engagement ...
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ArticleLidl increases hourly pay for 20,000 employees
Supermarket chain Lidl has announced that it will increase hourly pay for 25,000 employees to further support their financial wellbeing.Employees on entry-level pay will see an increase of 20p to £9.50 an hour, and £10.75 to £10.85 for staff in London, which could go up to £11.85 depending on location ...
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ArticleReckitt Benckiser completes £415 million pensions buy-in transaction
Consumer goods organisation Reckitt Benckiser has completed a £415 million pension buy-in transaction with Scottish Widows.The buy-in arrangement will insure the defined benefit (DB) pension liabilities of 1,400 members in the Reckitt Benckiser Pension Fund. The new transaction removes the interest rate, inflation and longevity risk relating to these liabilities. ...