All articles by Zoe Wickens – Page 63
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ArticleAutumn Budget 2024: Changes to employer share incentive plan notice relating to statutory neonatal care pay
Autumn Budget 2024: Employers will have to change the notice they must give to an employee regarding possible deductions from their salary in relation to a share incentive plan (Sip). A minor change to the Income Tax (Earnings and Pensions) Act 2003 and the Employee Share Ownership ...
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ArticleAutumn Budget 2024: Employment allowance to double and £100,000 threshold scrapped
Autumn Budget 2024: The government is to increase the employment allowance from £5,000 to £10,500 and remove the £100,000 threshold from April 2025. Chancellor of the Exchequer Rachel Reeves announced these measures in the Autumn Budget. The move will apply to all eligible employers, meaning 865,000 employers ...
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ArticleAutumn Budget 2024: Employer national insurance contributions (NICs) to increase to 15%
Autumn Budget 2024: The government is to increase the rate of employer national insurance contributions (NICs) by 1.2 percentage points to 15% from 6 April 2025. This will mean employers will have to pay 15p in NIC for every £1 paid to an employee. In addition, the ...
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ArticleGender pay gap for full-time employees stands at 7%
The gender pay gap for full-time employees stands at 7%, down from 7.5% in 2023, according to the latest analysis by the Office for National Statistics (ONS). Its Annual survey of hours and earnings report found that among all employees, the gender pay gap decreased to 13.1% ...
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ArticleFord workers strike over pay and contract changes
More than 1,000 workers employed by vehicle manufacturer Ford have begun strike action due to a long running dispute over pay and contract changes. The employees, who are represented by trade union Unite, are administrative staff based in Dunton, Stratford, Dagenham, Daventry and Halewood. They began industrial ...
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ArticleNational living wage to rise by 6.7% in April 2025
The government is to increase the national living wage by 6.7% from April 2025. Chancellor of the Exchequer Rachel Reeves has announced the rate will rise from £11.44 to £12.21 an hour, which will be worth £1,400 a year for an eligible full-time worker. It is part ...
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ArticleDeutsche Bank completes £1.1 billion full pension buy-in
Deutsche Bank has completed a £1.1 billion full buy-in for its UK pension scheme. The scheme is sponsored by a subsidiary of Deutsche Bank and is a client of Legal and General’s asset management division. The buy-in secures the benefits of around 4,000 members. LCP was lead ...
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ArticleBritish Society for Immunology to pilot four-day week
The British Society for Immunology (BSI) has announced that it will take part in a four-day working week pilot for six months, starting on 4 November. During the pilot, which was approved by the board of trustees in July, participating BSI staff will be able to choose ...
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ArticleFDM Group reports -2.5% mean gender pay gap for 2024
Source: T. Schneider / Shutterstock.com Global business and technology consultancy FDM Group has reported a -2.5% mean gender pay gap for 2024, compared to -7.6% the previous year. The employer’s median gender pay gap was -5.1%, versus -4.3% in 2023. Its mean bonus gap for 2024 was ...
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ArticleBoosst transitions to employee ownership trust
Financial planning firm Boosst has transitioned to an employee ownership trust (EOT) in order to ensure its long-term independence and commitment to its clients and employees. Owners Keith and Linda Butten, and managing director Josh Butten, have transferred 100% of their shares to the EOT and have ...
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ArticleRAC completes £1.3 billion pension buy-in
Source: Andrew Harker / Shutterstock / 1819817303 Vehicle breakdown cover provider RAC has completed a £1.3 billion full-scheme pension buy-in for its 2003 pension scheme. The full scheme buy-in insures £1.3 billion of liabilities and secures benefits for around 19,000 of the scheme members. The transaction, which ...
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ArticleScotRail becomes endometriosis-friendly employer
Source: From Shutterstock / 698624737 Scottish train network ScotRail has become an endometriosis-friendly employer scheme as part of its pledge to support its employees impacted by the condition. Through the scheme, which is run by charity Endometriosis UK, the employer will improve its support for its affected ...
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ArticleManchester University NHS Foundation Trust appoints new chief people officer
Source: From Manchester University NHS Foundation Trust Meera Nair Manchester University NHS Foundation Trust (MFT) has appointed Meera Nair as its new chief people officer and to its board. Nair is currently chief people officer for Lewisham and Greenwich NHS Trust and the South East London Integrated ...
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ArticleTransUnion UK pledges to become menopause-friendly employer
TransUnion UK, a global information, insights and credit reference agency, has pledged to become a menopause-friendly employer to build on existing support for employees. Its commitment enables the agency to access Menopause Friendly’s monthly webinars on menopause-friendly employer accreditation pillars, specialist masterclasses, access to a library of ...
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Article96% of organisations do not have cancer specific policies
Almost all (96%) of HR managers said their organisations do not have cancer specific policies, according to research by Working With Cancer. The social enterprise, which surveyed 204 HR managers and produced the report in conjunction with the Institute for Employment Studies (IES), also found that just ...
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ArticleThe top 10 most read articles between 18 – 24 October 2024
The top 10 most read articles between 18 – 24 October 2024 on employeebenefits.co.uk were: Employee Benefits Live speaker slides 2024 Real living wage rate to increase to £12.60 Office worker wins case against boss who refused to say hello E.On accredited as menopause-friendy employer LVMH ...
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ArticleAttractionTickets.com searches for theme park tester at Universal Orlando Resort
Credit: AttractionTickets / Universal Orlando Something for the weekend: If you’re a self-confessed adrenaline junkie, who could ride roller coasters all day long, then the role of theme park tester at Universal Orlando Resort’s new Epic Universe Park could be for you! To celebrate tickets for its ...
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ArticleEngland, Wales and Northern Ireland social workers and council staff accept pay rise
Social workers and other council staff across England, Wales and Northern Ireland have accepted a pay rise for the 2024-25 year, which will be backdated to April. The deal applies to staff working in councils covered by the National Joint Council for Local Government Services, including the ...
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ArticleSapphire rewards contractors with employee ownership bonuses
Source: From Sapphire Manchester-based contracting and accounting firm Sapphire is to distribute employee ownership bonuses worth £350,000 to its umbrella contractors. The total will be awarded to contractors who have worked for the firm for more than a year, as part of its commitment to rewarding the ...
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OpinionJames Townsend and Elizabeth Coyle: Dealing with equal pay tribunals
On 22 August 2024, an employment tribunal held that Next discriminated against more than 3,500 female store staff by paying them lower hourly wages than male warehouse operatives. Sales consultants received lower pay of up to £3 per hour, meaning their average annual salary differential was more ...