All Employee Benefits articles in Web Issue – Page 91
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ArticleSuper Bowl winners can receive bonus payment worth $164,000
Credit: kovop / Shutterstock.comLast weekend, the Kansas City Chiefs beat the San Francisco 49ers at the 58th annual Super Bowl (spoiler alert!) While the 49ers did not walk away with the trophy, they will receive a post-season bonus payment. If you’ve ever fancied becoming a National Football League (NFL) player ...
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ArticleExclusive: Welsh government rolls out new employee benefits framework
The Welsh government has appointed employee benefits provider Vivup to deliver the managed service provision for its employee benefit schemes.Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and ...
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ArticleDelta awards 100,000 staff 10.4% of earnings through global profit share scheme
American airline Delta has awarded its more than 100,000 employees a payment worth 10.4% of their eligible earnings as part of its profit share scheme.The scheme, which was created to boost employee morale and cultivate a workplace of gratitude and teamwork, allows staff to receive their share of Delta’s 2023 ...
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ArticleCosta Coffee to increase pay for more than 15,000 employees
Costa Coffee will increase pay for more than 15,000 employees in its 1,500 UK employer-owned stores from 1 April.The starting rate will rise to £12 per hour from £10.70 for baristas, which is a 9% increase and part of a more than £15 million investment. This is also 56p per ...
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ArticleUK Civil Aviation Authority recruits new director of people and culture
Aviation and aerospace regulator UK Civil Aviation Authority has appointed Lucy Robbins director of people and culture.When she takes up the role on 29 April, Robbins will be a member of the senior executive team and lead the organisation's delivery of its people and culture strategy.Having previously spent 10 years ...
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AnalysisAre employers truly optimising their diversity, equity and inclusion initiatives?
Need to know:Economic constraints, complexities and fears of a potential backlash have driven some organisations to put diversity, equity and inclusion (DE&I) on the back burner.Line managers have a key role in an organisation’s DE&I strategy but training and role redesign could increase their effectiveness.Benefits are a visible way to ...
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Case StudiesMcCann Central makes diversity, equity and inclusion (DE&I) a strategic priority
McCann Central is a creative agency employing more than 500 people across offices in Birmingham, Bristol, Leeds, London and Milton Keynes. Diversity, equity and inclusion (DE&I) is a strategic priority for the organisation. Ruepal Aujla, group DE&I lead and Bimingham’s head of media, says: “We have a ...
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Article42% of working parents want better pay and family support
Two-fifths (42%) of working parents admitted to looking for alternative work in 2024 with higher pay and better family life support, an increase of four percentage points on 2023, according to research by childcare provider Bright Horizons.Its annual Modern families index, which surveyed more than 3,000 working families, found that ...
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ArticlePRS for Music reports 14.9% mean ethnicity pay gap for 2023
Image credit: Andi SmallwoodMusic copyright collective PRS for Music has reported a 14.9% mean ethnicity pay gap for 2023, down from 17.6% from 2022.Its 2023 gender and ethnicity pay gap report revealed that its median gap was 13.1%, down from 14.6% the prior year. There was an increase in the ...
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ArticleBirmingham Chamber of Commerce completes £9 million pension buy-in
Birmingham Chamber of Commerce, which supports local businesses, has completed a £9 million pension buy-in.The transaction, which was brokered by financial services consultancy Quantum Advisory, which was also the scheme actuary and lead transaction and investment adviser, will provide improved benefit security to around 100 pensioners and 40 deferred members.The ...
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Supplier articleDigital healthcare… enhancing employee wellness at every age
The UK retirement age is rising, keeping employees in work for longer. Absenteeism is at a 10-year high, costing businesses billions a year. Taking steps to keep employees healthy will yield a return, and there are many ways to do so, including mental and financial wellbeing solutions. ...
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OpinionKerry Hudson: Change in flexible-working arrangements for 2024
Employees will have more rights to ask for flexible-working arrangements under new legislation coming in this year.Workers with 26 weeks of employment can ask for flexibility on how, where and when they work. Where employers previously did not need to consult with workers before giving their decision, they will now ...
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Article41% of employers expect increased demand for mental health support
Mental health support will be the most in-demand health and wellbeing benefit in 2024, according to research from Towergate Health and Protection. The survey of 500 HR professionals found that 41% are expecting to see an increase in demand for mental health support from their employees. A ...
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ArticleHermès to award €4,000 bonus to all employees
Credit: Maddie Red/ShutterstockLuxury fashion brand Hermès has announced that it will award all employees a €4,000 bonus in respect of its successful work in 2023.The news was announced at a presentation of the French firm’s 2023 full-year results, where alongside the staff bonus, it announced an increase in profits of ...
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ArticleAmazon workers begin three-day strike over pay
Credit: Sundry Photography / Shutterstock.comAmazon workers in Coventry have begun a three-day strike in a dispute over pay.More than 1,000 GMB union members at the retail firm are taking part in industrial action today (Tuesday 13), Wednesday 14 and Thursday 15 February, to earn £15 an hour and union rights.UK ...
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Case StudiesHays addresses the gender pensions gap
Passionate about financial wellbeing, global recruitment firm Hays provides employees with back-to-basics roadshows and webinars to explain pensions terminology in a more straightforward way in order to combat the gender pensions gap.It has offices in 33 countries and 13,000 employees across the world. Of these, 3,500 are based in the ...
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AnalysisWhat actions can employers take to close the gender pensions gap?
More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps.The Pensions (Extension of Automatic-Enrolment) (No. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension.In order to help close the pensions participation gap, more education on ...
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Supplier articleThe key topics shaping the future of workplace financial wellbeing
Financial wellbeing has a key role to play in supporting HR goals such as recruiting and retaining employees and improving productivity. However, the factors influencing financial wellbeing strategies are changing. With insight from its latest Financial Wellbeing Research 2023[1] in association with Reward & Employee Benefits Association, WEALTH at work ...
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ArticleB&Q to increase minimum hourly pay
Credit: ClimbWhenReady / ShutterstockB&Q has announced that it will be increasing its minimum hourly rate to £12.21 per hour, and its London rate to up to £13.55 per hour.From April 2024, 16,500 employees at the home improvement retailer will get an extra 90p per hour, worth over £1,700 more a ...
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ArticlePay settlements expected to drop in 2024
Basic pay increase expectations have fallen for the first time since the start of the pandemic, according to the Chartered Institute of Personnel and Development’s (CIPD) latest Labour Market Outlook.After holding steady at 5% for more than a year, UK employers’ expected basic pay rises for the next 12 months ...