All articles by Zoe Wickens – Page 233
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ArticleTesco implements 2.7% hourly rate pay rise for employees
Supermarket chain Tesco has announced a 2.7% pay rise for staff who are paid by the hour, increasing their rate from £9.30 to £9.55.The new rate, that is above inflation, will apply to employees working in stores as well as those in customer fulfilment centres as part of a one-year ...
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Article25% of financial advisers unsure of employer care support
New data has revealed that a quarter of financial advisers and insurance professionals are unsure whether their employer offers support if they need to care for loved ones.In light of Carers Week taking place from 7 to 13 June, a social media poll was carried out by the Chartered Insurance ...
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ArticleAddo Food Group celebrates long service with employee awards
Pastry products producer Addo Food Group has awarded a group of its long-standing employees with a cash bonus or vouchers of their choice.The cash bonus or vouchers have been awarded as a result of 31 members of staff having worked collectively for the organisation for 630 years at its Palethorpes ...
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ArticleJ&L Elevator Components becomes employee owned through trust
Elevator parts and equipment supplier J&L Elevator Components has announced its employees now have a controlling interest in the business through an employee ownership trust (EOT).This means the organisation can ensure succession planning, as well as directly rewarding the efforts and contributions of the staff, who will have continued job ...
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ArticleJ&L Elevator Components becomes employee owned through trust
Elevator parts and equipment supplier J&L Elevator Components has announced its employees now have a controlling interest in the business through an employee ownership trust (EOT).This means the company can ensure succession planning, as well as directly rewarding the efforts and contributions of the staff, who will have continued job ...
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ArticleEXCLUSIVE: Invesco completes launch of single technology benefits platform
Global investment management company Invesco has completed the introduction of a single technology platform to manage its employee benefits.The organisation's 1,800 employees across 16 European, Middle East and African (EMEA) countries are now able to use an Invesco-branded website that follows each country’s specific regulations.The benefits portal, launched in partnership ...
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ArticleBAM becomes living wage service provider
BAM Facilities Management, which is part of construction company BAM Construct UK, has become a Living Wage Foundation recognised service provider.BAM joins 163 companies already classed as recognised service providers, with the recognition meaning it is voluntarily paying its own employees a higher rate than the UK living wage. The ...
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ArticleFTSE 350 pension scheme deficits increase to £81 billion
The accounting deficit for defined benefit (DB) pension schemes at the UK’s top 350 FTSE organisations increased by £5 billion to £81 billion in May this year, up from £76 billion in April 2021.According to Mercer’s Pensions risk survey, which analysed pension scheme deficits calculated using the approach organisations have ...
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ArticleTesco staff win equal pay battle in European Court
The European Court of Justice has ruled that thousands of former and current Tesco employees working in stores can compare their roles to staff working in distribution centres for the purpose of equal pay.A group of the supermarket giant's mostly female shop floor staff, represented by law firm Leigh Day, ...
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ArticleThe top 10 most-read articles between 28 May – 3 June 2021
The top 10 most-read stories on employeebenefits.co.uk between 28 May – 3 June 2021 were: McDonald's makes the call to entice staffHow the changing shape of pay can support employees' financial wellbeingBupa uses earned-wage access to support employees' financial wellbeingOne in five employers reject flexible working post pandemic73% of UK ...
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Article89% of employees prefer a flexible pay method
New research has revealed that nine in 10 employees prefer flexible pay, or Earned Wage Access (EWA), over alternative methods.The analysis was carried out by a group of financial charities, social impact research firm 60 Decibels, and charity-backed financial wellbeing service Wagestream. The study tracked the impact of employers removing ...
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ArticleSodexo UK and Ireland reveals 5% ethnicity pay gap
Life services organisation Sodexo UK and Ireland has announced a mean ethnicity pay gap of 5%.The gap between all white employees and all black, Asian and mixed race employees is 5%, 7% and 2% respectively.This is the first time the company has included ethnicity data in its pay gap report, ...
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ArticleFidelity International offers flexible dynamic working policy
Financial services firm Fidelity International has launched a flexible dynamic working policy for its employees.The new policy will allow the majority of the company's staff across more than 25 locations worldwide the opportunity to alter the way they work to have more flexible working hours, being able to combine both ...
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ArticlePeople’s Energy promotes Louise Finlayson to chief people officer
Energy supplier People’s Energy Company has hired Louise Finlayson as its new chief people officer.This is a promotion for Finlayson, who joined the company in October 2020 as director of HR and development. Her new role will involve leading teams through all stages of the employee lifecycle to attract, develop ...
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ArticleUK Food Standards Agency reveals negative gender pay gap
The UK government department Food Standards Agency (FSA) has announced a negative mean gender pay gap of -9.6% for 2020, with a mean gender bonus pay gap of -16.3%.According to the FSA, the mean gender pay gap is based on the difference in the average hourly pay for women compared ...
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ArticleEmployee benefits could ease the burden for Generation X carers
New data has suggested that offering statutory paid parental leave and flexible working could ease the burden for Generation X carers.According to the International Longevity Centre’s (ILC) Slipping between the cracks report which was supported by long-term savings and retirement business Phoenix Group, carers from Generation X - those born ...
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OpinionSarah Henderson: What pension scheme employers should be prioritising in terms of GDPR
Pension scheme employers and trustees spent many hours getting ready for the revamped data protection regime that came into force on 25 May 2018. What’s new in the data protection landscape and what should pension scheme employers and trustees be prioritising three years later?First, mapping your data footprint remains a ...
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ArticleAccess2Funding introduces menopause policy for employees
Research and development tax specialist Access2Funding has launched a menopause policy as part of its investment in workplace culture, people and employee wellbeing.According to the company, the new policy aims to raise awareness and understanding, outline the support available and allow colleagues to openly and comfortably instigate conversations about the ...
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ArticleSalary structure top priority for 49% of reward professionals
Almost half (49%) of reward professionals identified a robust salary structure as their top priority for the year ahead, according to new data from XpertHR.The survey carried out by the online HR resource found that respondents believe pay and grading structures are “the logic that underpins pay rates, job roles, ...
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ArticleZego offers employees paid leave for pregnancy loss
Commercial motor insurance provider Zego has introduced paid leave for employees who experience a pregnancy loss.The company’s policy, which covers both miscarriage and abortion, is open to staff who have suffered the loss, as well as partners and surrogate mothers. It provides two weeks' paid leave to ensure that individuals ...