All Employee Benefits articles in Web Issue – Page 1608
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ArticleGreggs pension scheme completes £100m buy-in
The trustee of Greggs plc 1978 Retirement and Death Benefit scheme has entered into a £100 million bulk purchase annuity transaction with Aviva.Greggs provided additional funding support that facilitated the buy-in to increase the long-term security of all member’s benefits, as part of the trustee’s long-term de-risking strategy.The deal covers ...
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ArticleReeves confirms public sector pay rises of 5-6%
Credit: Fred Duval/ShutterstockThe chancellor has confirmed that millions of public sector workers will get a pay rise this year, following recommendations from the independent pay review bodies.Most NHS workers, teachers and members of the armed forces will receive above-inflation pay rises of 5.5% to 6%, Rachel Reeves announced yesterday as ...
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OpinionPatrick Glencross: Reforms to employee holiday rights
Calculating annual leave and holiday pay for employees can be challenging, particularly for those who work irregular hours. The government has this year introduced significant changes to simplify the rules on holiday rights as part of its reforms to a range of employment rights that have developed from years of ...
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Supplier articleEmployee Resource Groups: What are ERGs and why do they matter?
Employee Resource Groups (ERGs) are crucial for creating an inclusive and supportive workplace. This guide delves into what ERGs are, why they matter, and how they can benefit your business. By embracing ERGs, you can foster a stronger company culture, attract diverse talent, and boost overall success. ...
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ArticleCost of staff sickness up £30 billion since 2018
The annual hidden cost to employers of staff sickness has increased by £30 billion since 2018, according to research by the Institute for Public Policy Research (IPPR).Its Health industry, prosperous economy report found that £25 billion of the increase is down to lower productivity from people working through sickness, and ...
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ArticleNational living wage to increase in line with median earnings
An extension of the national living wage (NLW) to all adults should be phased in year by year and the NLW rate should rise at least in line with median earnings after the government updated the Low Pay Commission’s (LPC) remit.In a written statement to Parliament, business secretary Jonathan Reynolds ...
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Article
Essex County Council launches EAP for care sector staff
Essex County Council has launched an employee assistance programme (EAP) for its xx care sector workers.In doing so, it is aiming to support employees mental, physical and financial wellbeing and reduce specific workforce challenges associated with the care sector.Through the EAP, which is provided by Vivup Perkbox on behalf of ...
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Article
Essex County Council launches EAP for care sector staff
Essex County Council has launched an employee assistance programme (EAP) for its xx care sector workers.In doing so, it is aiming to support employees mental, physical and financial wellbeing and reduce specific workforce challenges associated with the care sector.Through the EAP, which is provided by Vivup Perkbox on behalf of ...
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ArticleUnite launches campaign for fair pay and fair tips for hospitality staff
Unite the union has launched a campaign to ensure hospitality workers receive fair pay and fair tips.The campaign will focus on ensuring that employees in the hospitality sector understand their rights and have the support and tools they need to collectively enforce those rights.Unite’s campaign will focus on: fair pay ...
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AnalysisBuyer’s guide to total reward statements
Credit: Pickadook/ShutterstockWhat are total reward statements?Total reward statements are personalised communications that show employees the total value of their compensation package beyond just salary. This can help people to recognise the entire value of the employment deal beyond their pay, making total reward statements a potentially powerful tool in communicating ...
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ArticleAir Partner receives further disability confident employer accreditation
Aviation services group Air Partner has been awarded the disability confident employer level two accreditation in recognition of its work on diversity, equity, inclusion and belonging.The Disability Confident scheme, which was introduced by the UK government in 2013, aims to support employers to engage the talents of disabled people within ...
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ArticleMoog completes £25 million pensions buy-in
Moog, a motion control solutions supplier, has completed a £25 million pensions buy-in for its retirement benefits plan.The buy-in transaction, which was completed in partnership with Just Group and Gallagher, secures the benefits of 28 deferred members and 139 current pensioner members.Gallagher worked with the trustees to monitor the affordability ...
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ArticleEquality watchdog names six employers that have not reported gender pay gap data
Defence and security technology firm Ultra Electronics and Norchem Healthcare have been named as some of the employers that have missed deadlines to report their 2023-2024 gender pay gap data.Private sector organisations across Britain and English public bodies with 250 or more employees are legally required to publish their gender ...
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ArticleUnderstanding Social Value in the Business World
Understanding Social Value in the Business World In today’s corporate landscape, companies are increasingly being called upon to deliver more than just profit — they’re expected to create positive impact for the environment, communities, and broader society. This is where social value comes in. What is Social ...
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ArticleVirgin Hotels Collection appoints chief people officer
Virgin Hotels Collection has appointed Johanna Kent chief people officer.Kent joins the executive team with more than 27 years of experience. Her appointment is part of Virgin Hotels Collection’s commitment to attracting top talent and fostering innovation within the hospitality industry.She has cultivated employee experiences and achieved goals in talent ...
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ArticleHong Kong and Israel award Olympic athletes the biggest bonuses
Credit: Hethers / Shutterstock.comSomething for the weekend: Most people have been glued to their televisions watching the Paris 2024 Olympics for the past few days, marvelling at the talent of the athletes. It turns out that some of them don’t just come home with medals, but with special bonuses as ...
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OpinionLovewell's logic: Is there a disconnect around health and wellbeing?
Employee wellbeing is a top priority for many employers, but how many can say that their health and wellbeing provision is truly living up to its full potential?Two separate pieces of research published this week suggest that while employers are investing in supporting their workforces’ health and wellbeing, this often ...
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ArticleThe top 10 most read articles between 26 July - 1 August 2024
The top 10 most read articles between 26 July - 1 August 2024 on employeebenefits.co.uk were: National living wage to increase in line with median earningsCentral Co-op introduces new financial wellbeing benefitJunior doctors agree 22% pay dealCourt of Appeal upholds High Court ruling on Virgin Media pension schemeReeves confirms public ...
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Supplier articleSocial proof: The most effective ways to showcase your CSR activities
Social proof is one of the most important parts of doing good within an organisation, and the stats confirm it. For example… 72% of consumers consider customer testimonials more credible than when a brand talks about its own product (TINT) 72% of consumers trust a business ...