All Employee Benefits articles in Web Issue – Page 1576
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Article61% of staff are more worried about the cost-of-living compared to a year ago
Six in 10 (61%) UK employees said they are more worried about the cost-of-living crisis compared to a year ago, according to new research by Health Shield.The employee health benefits provider surveyed 564 employees in full or part-time work and found that only 11% of respondents are less worried about ...
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ArticleTribunal finds Oxford University professors should have had employee status
An employment tribunal has found that two creative writing professors who were employed as gig workers by Oxford University should have had employee status.Alice Jolly and Rebecca Abrams worked at the university since 2008 and 2007 respectively, and both taught the Master of Studies degree in Creative Writing.In 2022, they ...
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Poll: Do you think the government’s new taskforce to improve occupational health in the workplace will be successful?
Take part in our latest readers’ poll on a current topical issue. Last month, Employee Benefits reported that the Department for Work and Pensions launched a taskforce to improve occupational health provision. It will produce a voluntary framework for employers that includes setting out minimum levels of occupational health needed ...
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AnalysisWhat do employers need to know about the pensions lifetime allowance abolition?
Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it. Employers will need ...
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OpinionMark Ormston: Is the scrapping of the lifetime allowance a disappearing act or just an illusion?
The lifetime allowance (LTA) is one of those subjects referenced in lots of pension literature, and yet, it only affects a minority of people. With this in mind, imagine the ‘ooohs’ and ‘ahhhhs’ when one of the rabbits out of the 2023 Spring Budget hat was the announcement to make ...
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ArticlePrivate medical and dental insurance most popular form of financial support
Employee Benefits poll: More than one-third (39%) of organisations said that private medical and dental insurance is the most popular form of employee financial support that they offer, according to a survey of Employee Benefits readers.One in 10 (11%) respondents answered that holiday purchase or sell back options was their ...
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ArticleCurrys gives employees pay rise and boosts minimum rates
Credit: bennphoto / Shutterstock.comOmnichannel technology retailer Currys has announced a pay rise for all of its around 10,000 hourly paid employees as part of an investment into their pay.Its store-based workers will now be able to earn on average £12.33 per hour and its top performing employees can earn on ...
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ArticleWriters at the BBC and BBC Studios to receive 10% pay rise and increased residuals
Writers commissioned by the BBC and BBC Studios have accepted an increase in minimum fees and compensation for their work across new platforms, with immediate effect.The BBC Script Agreement for Television and Online was originally negotiated in 2017 by the Writers’ Guild of Great Britain (WGGB) and the Personal Managers’ ...
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ArticleNetwork Rail reports 7.4% mean gender pay gap for 2023
Network Rail has reported a 7.4% mean gender pay gap for 2023, down from 8.6% in 2022 and 9.9% in 2021.The rail operator’s median gender pay gap for 2023 was 9.3%, down from 10.9% in 2022 and 12.9% in 2021.Its mean gender performance-related pay gap for last year was -35.1%, ...
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ArticleCurrys increases salary for 10,000 staff and boosts minimum pay rates
Credit: bennphoto / Shutterstock.comRetailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay.Its store-based workers will now earn an average of £12.33 per hour, while its top-performing employees can earn on £13.95 an hour on average, with some able to earn ...
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ArticleSurrey County Council payroll error sees employees receive wrong wages
Surrey County Council has apologised to employees after an error with its £30m payroll system saw staff paid the wrong wages. Problems with its Enterprise Resource Planning system, which was introduced last June, have meant some employees including firefighters and teachers have been underpaid. Surrey County Council ...
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OpinionMusab Hemsi: When it comes to baby loss, employers should not forget about fathers
As progressive workplaces move towards a more open and supportive culture, the impact of baby loss, whether through miscarriage, stillbirth or neonatal death, is becoming more widely talked about. However, employer support is often focused on mothers, with less consideration given to the fact fathers are suffering too. As men ...
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Supplier articleAffordable and inclusive ways to harness the power of employee appreciation
Last week, businesses across the UK took to social media to celebrate Employee Appreciation Day, expressing their gratitude towards their workforce through gifts and experiences. Employee appreciation is a fundamental part of the employee experience, encouraging HR professionals, managers, and employers to harness the power of a ...
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ArticleStay up to date with the Spring Budget 2024
Chancellor of the Exchequer Jeremy Hunt will deliver his Spring Budget 2024 speech at 12.30pm on Wednesday 6 March 2024.Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact pay, pensions and benefits for employers and staff.The Autumn Statement 2023's key ...
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ArticleTesco to increase pay above the real living wage
Tesco is to increase the hourly pay for employees in stores from £11.02 to £12.02 per hour, which is above the 2024 real living wage outside London.It announced the rise after reaching an agreement with trade union Usdaw. Tesco remains one of the few supermarkets to recognise an independent trade ...
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ArticleAiredale NHS Foundation Trust receives menopause-friendly accreditation
Airedale NHS Foundation Trust in West Yorkshire has received menopause-friendly workplace accreditation in recognition of the support it offers to employees.Established by Henpicked: Menopause In The Workplace, the accreditation recognises organisations that embrace menopause in the workplace.The NHS trust has set up a variety of menopause-related initiatives, including a dedicated ...
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ArticleSpring Budget 2024: DC pensions required to disclose investment in UK equities
Spring Budget 2024: Jeremy Hunt, Chancellor of the Exchequer, has announced plans to bring forward requirements for defined contribution (DC) schemes and local government pension schemes (LGPS) to publicly disclose the breakdown of their asset allocation in UK equities.The 2024 Spring Budget report stated that across the pensions industry as ...
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ArticleSpring Budget 2024: National insurance contribution (NIC) rate cut to 8%
Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April.In his Spring Budget, Jeremy Hunt, Chancellor of the Exchequer, said that this will save the average worker on a salary of £35,400 around £900 a year, ...
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ArticleSpring Budget 2024: Government maintains fuel duty freeze for 12 months
Spring Budget 2024: The government is to maintain the current rates of fuel duty for a further 12 months to help support people with the cost of living.The measure, which was announced in the Spring Budget, will save the average car driver £50 in 2024-25 through the extension of the ...
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ArticleSpring Budget 2024: TPR and FCA given powers to enforce Value for Money framework
Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework.Chancellor of the Exchequer, Jeremy Hunt, announced the plans in order to address pension schemes that are “persistently ...