All Employee Benefits articles in Web Issue – Page 86
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ArticleLewis Silkin enhances parental leave
Law firm Lewis Silkin has enhanced its parental leave policy in order to offer equitable support for new parents.The policy, which comes into effect for employees with one year of service, whose children are due to be born or adopted from 1 April, will enable all new parents, regardless of ...
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ArticleHSBC implements fertility benefits for more than 3,000 UAE employees
Banking organisation HSBC has introduced fertility benefits for more than 3,000 employees in the United Arab Emirates (UAE).As part of the bank’s medical insurance coverage, female employees are now able to access fertility treatments including in vitro fertilisation (IVF) and intrauterine insemination (IUI), and both men and women can take ...
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ArticleCadent reports 7.89% mean gender pay gap for 2023
Gas distribution network Cadent has reported a 7.89% mean gender pay gap for 2023, down from 9.51% in 2022.The employer, which has more than 6,000 employees, also reported a 16.58% median gender pay gap, a 38.56% mean gender bonus gap and a 58.76% median gender bonus gap. In 2023, 89.79% ...
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ArticleThe top 10 most-read articles between 1 - 7 March 2024
The top 10 most-read articles on employeebenefits.co.uk between 1 - 7 March 2024 were: Asda to raise pay for 120,000 hourly-paid store employeesCurrys increases salary for 10,000 staff and boosts minimum pay ratesTesco to increase pay above the real living wageStay up to date with the Spring Budget 2024Surrey County ...
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OpinionLovewell's logic: How can we inspire inclusion on International Women's Day?
“Imagine a gender equal world. A world free of bias, stereotypes and discrimination. A world that’s diverse, equitable and inclusive. A world where difference is valued and celebrated. Together we can forge women’s equality. Collectively we can all #InspireInclusion.”As the strapline for this year’s International Women’s Day, this certainly paints ...
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ArticleVictoria and Albert Museum looks for David Bowie enthusiasts
Credit: Arthur D'Amario III / Shutterstock.comSomething for the weekend: The Victoria and Albert Museum (V and A) has begun its search for two cataloguers to help with the David Bowie Archive, which it is in the process of acquiring. If you’re good under pressure and with changes, then this could ...
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Article
The top 10 most-read articles between 1 - 7 March 2024
The top 10 most-read articles on employeebenefits.co.uk between 1 - 7 March 2024 were: Marks and Spencer enhances pay and family leave policiesExclusive: Central Co-op introduces electric vehicle salary sacrifice schemeLondon Underground staff accept improved pay offerNew Look implements HR and payroll processes platform75% of Gen Z staff advocate for ...
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ArticleGreggs to share £17.6 million bonus among staff
Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit.In a webcast detailing the business’ latest results, chief executive Roisin Currie explained that Greggs will continue to share 10% of its profits with team members with at least six ...
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Article888 William Hill rolls out global wellbeing support for employees
Gaming and betting firm 888 William Hill has introduced wellbeing support for its 11,000 employees globally.Through the scheme, which is provided by Wellness Cloud, 888 William Hill employees will be able to access the Wellness Cloud hub, which includes more than 100 live talks and events each year on a ...
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Article
The top 10 most-read articles between 1 - 7 March 2024
The top 10 most-read articles on employeebenefits.co.uk between 1 - 7 March 2024 were: Marks and Spencer enhances pay and family leave policiesExclusive: Central Co-op introduces electric vehicle salary sacrifice schemeLondon Underground staff accept improved pay offerNew Look implements HR and payroll processes platform75% of Gen Z staff advocate for ...
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ArticleJohn Lewis Partnership and Co-op to increase pay
John Lewis Partnership and the Co-op are to increase their minimum pay rates for 2024. The Co-op has reaffirmed its commitment to paying the real living wage as recommended by the Living Wage Foundation, increasing its minimum hourly wage from £10.90 to £12, or from £12.25 to ...
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ArticleHow will the Spring Budget 2024 affect pay, pensions and employee benefits?
Image credit: photocosmos1 / Shutterstock.comChancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. Below is a summary of the key announcements that could affect employers' pay, pensions and benefits strategies:Spring Budget 2024: National insurance contribution (NIC) rate cut ...
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ArticleLloyds Banking Group appoints new director of diversity, equity and inclusion
Lloyds Banking Group has named Rachel Osikoya director of diversity, equity and inclusion (DE&I).With more than 20 years' experience in culture, diversity and inclusion, Osikoya will be responsible for driving the group’s strategic DE&I agenda and will build a multi-year plan to further embed DE&I for employees, customers and communities. ...
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AnalysisHow to keep employees happy on minimum pay rates
Credit: M2K7/ShutterstockNeed to know:When budgets are under pressure, organisations need to strike the right balance between pay, benefits and other factors such as working conditions and wellbeing.Benefits such as discount schemes, health cash plans and financial education can help employees make their money go further.Communication is key, helping organisations understand ...
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Case StudiesSavvy Hotels offers competitive reward package to attract and engage staff
Savvy Hotels runs three hotels across Liverpool and Chester, employing 41 people plus additional casual staff during peak times. As guests’ experiences are so dependent on the service they receive, happy employees are essential.Steven Hesketh, chief executive of Savvy Hotels and founder of The Hospitality Hero, explains: “We’re a family-run ...
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Supplier articleNational Insurance saving could be used to boost workplace pension
As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024. WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National ...
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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 ...
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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: 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: 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 ...