All articles by Zoe Wickens – Page 102
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ArticleBlack, African, Caribbean or Black British staff earned less than White employees in 2022
Black, African, Caribbean or Black British UK employees earned less than White employees in 2022, with medians of £13.53 and £14.35 per hour respectively, according to new research by the Office for National Statistics (ONS).After using personal and work characteristics to provide an adjusted pay gap based on a like-for-like ...
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ArticleUnhappy staff take nine more sickness days on average per year
Unhappy employees take nine more sickness days on average per year as opposed to their happier counterparts, according to new research by WPI Economics.Commissioned by employee benefits provider Unum UK, the survey of more than 4,000 UK employees revealed that this is costing the economy £11 billion per year through ...
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ArticleIngka Group to pay out €311 million performance-based bonus
Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%.The group’s global annual performance-driven bonus programme rewards employees when they meet or exceed specific business goals. The bonus total varies ...
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ArticleSSP Group hires Ann-Marie Murphy as chief people officer
Multinational contract foodservice firm SSP Group has appointed Ann-Marie Murphy as its new chief people officer.Murphy will take up the role early next year. She will join from The Gym Group, where she has worked since 2018, initially in the role of director of people and development, later as chief ...
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OpinionYvonne Gallagher: Supreme Court rules that Deliveroo riders are not workers in collective bargaining case
The Supreme Court has upheld the earlier decision of the High Court and Court of Appeal in rejecting the claim by trade union the Independent Workers of Great Britain (IWGB), which was seeking to compel Deliveroo to recognise it for the purposes of collective bargaining on behalf of riders working ...
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Article53% of employers do not think the living pension meets basic retirement needs
Employee Benefits poll: More than half (53%) of organisations do not think the living pension goes far enough to support employees in building a pension pot that meets basic retirement needs, according to a survey of Employee Benefits readers.One-third (33%) said they did think the living pension goes far enough ...
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Poll: Do you think the pension pot-for-life plans announced in the Autumn Statement will help employees to manage their pension?
Take part in our latest readers’ poll on a current topical issue. Last week, Employee Benefits reported that Chancellor of the Exchequer Jeremy Hunt announced plans to offer a pension pot for life in the Autumn Statement 2023.This will give employees a legal right to require a new employer to ...
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ArticleApple, Microsoft and UKG named World’s Best Companies of 2023
Tech firms Apple and Microsoft, and HR, payroll and workforce management solutions provider UKG have been named as some of the World’s Best Companies of 2023 by Time magazine.To determine the list, Time partnered with Statista and evaluated firms based on employee satisfaction, revenue growth and sustainability. Surveys were conducted ...
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ArticleFoster Denovo Group acquires employee benefits arm of Punter Southall Aspire
Foster Denovo Group has agreed to acquire Punter Southall Aspire’s employee benefits business.Signed on 16 November, the deal is set to complete by the end of the year. The businesses will combine under Foster Denovo’s employee benefits division Secondsight.The transaction will see 56 Punter Southall staff, led by current managing ...
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ArticleIAG Loyalty launches financial wellbeing support for staff
Customer loyalty programme provider IAG Loyalty has introduced new financial wellbeing support for its more than 600 employees?as part of a drive to expand wellbeing assistance.Provided by AI-powered household money-saving tool Nous.co, the support is offered to IAG Loyalty employees through a subscription. The platform manages services including energy, mortgages, ...
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ArticleNewton hires Helen Beurier as chief people officer
Management consultancy Newton has appointed Helen Beurier as chief people officer and partner to further strengthen its leadership team.Beurier will assume her new role in January 2024 and will become a member of Newton’s senior executive team and board. Responsible for driving its people agenda forward by developing global organisational ...
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ArticleShell UK reports -31.4% to 38.9% mean ethnicity pay gaps
Shell UK has reported mean ethnicity pay gaps for 2023 that range from -31.4% to 38.9%, compared to -5.% to 36.2% in 2022.The energy firm calculates its ethnicity pay gaps using six ethnic groups.For mixed and multiple ethnic groups, the mean and median ethnicity pay gaps were 26.3% and 30.7% ...
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ArticleVirgin Money reports 26.4% mean hourly gender pay gap
Virgin Money has reported a 26.4% mean hourly gender pay gap for 2023.This is lower than its 32.5% gap for hourly fixed pay at April 2017 and 36% in April 2016.The financial services firm’s median hourly pay gap was 34.6%, with 61.2% of males and 38.8% of females in its ...
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ArticleBoots completes £4.8 billion pension scheme buy-in
Credit: Martin Good / Shutterstock.comRetailer Boots has completed a £4.8 billion pensions buy-in.The transaction with Legal and General will secure the benefits of all 53,000 retirees and deferred members of the scheme. This buy-in begins the conclusion of a de-risking process that the scheme first embarked on in 2001.Aon acted ...
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Boots completes £4.8 billion pension scheme buy-in
Retailer Boots has completed a £4.8 billion scheme buy-in for its pension scheme.The transaction with Legal and General will secure the benefits of all 53,000 retirees and deferred members of the scheme. This buy-in begins the conclusion of a de-risking process that the scheme first embarked on in 2001.Aon acted ...
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ArticleThe top 10 most-read articles between 17 - 23 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 17 - 23 November 2023 were: UK Supreme Court rules Deliveroo riders are not workersNational living wage to increase in April 2024Exclusive: Unum UK introduces exercise and wellbeing benefit for staff42% of employers plan to reduce flexibility for staff in 2024Tribunal rules ...
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ArticleMaths, Business and PE GCSEs result in higher lifetime earnings
Something for the weekend: We often hear of the impact higher education qualifications can have on earnings potential, but it appears that selecting certain GCSE subjects could also give salaries a boost in later life, according to research by online tutoring service Tutor House.Its analysis of the Office for National ...
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ArticleInverclyde Council awards staff pay rise
Inverclyde Council has announced that the majority of its 4,000 members of staff will receive a pay rise before Christmas.The council will implement a pay increase agreed by the Convention of Scottish Local Authorities (COSLA) leaders earlier this month. The increase is part of a revised pay offer from COSLA ...
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ArticleGBS Automation introduces occupational health services
GBS Automation has launched occupational health services for its 25 employees in order to support their health and wellbeing.The firm specialises in the design and manufacture of industrial automation equipment for the fast-moving consumer goods industry, including baking equipment. As its employees are exposed to fabrication processes, chemicals and activities ...