Employee Benefits

NOVEMBER 10, 2023

Credit: Alasdair Jones / Shutterstock.com Scottish energy firm SSE has been accredited as a living pension employer to provide financial stability and security. The living pension savings target is 12% of a full-time employee earning a living wage salary , of which the employer pays in at least 7%.

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Employee Benefits

JULY 17, 2023

As a voluntary savings target, the living pension initiative sets out the minimum annual contribution needed to afford basic living costs in retirement. Employers should ensure that employees who increase their contributions in line with this are not saving at a rate they cannot afford. Enter the living pension initiative.

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Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important?

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Employee Benefits

MAY 9, 2024

The employees have stated that they have asked for an increase to pilot and technical crew salaries and allowances in line with the rate of inflation backdated to 1 April 2023, as well as an increase to the employer’s pension contribution rate. Bristow Helicopters was contacted for comment prior to publication.

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Employee Benefits

APRIL 10, 2023

Need to know: Increasing education about pensions is key to helping employees make the right decisions about accessing their pension savings early. The ability to access pension funds early could prompt changes to the way that pension providers invest for their members.

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Employee Benefits

SEPTEMBER 22, 2023

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

MAY 10, 2023

Fashion brand Stella McCartney and law firm Herbert Smith Freehills are among those employers on the shortlist for Best pensions strategy at the Employee Benefits Awards 2023. The aim was to instil positive savings habits and educate younger employees about employee benefits, long-term savings, and financial resilience.

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Employee Benefits

AUGUST 22, 2023

UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. A pension serves as a cornerstone for ensuring comfort and security in retirement. But is every business obliged to offer a pension?

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Employee Benefits

JANUARY 17, 2023

With increasing costs continually putting pressure on household finances, 2023 is set to be a financially challenging year for many. It’s therefore now more important than ever to support employees to take control of their finances to successfully navigate the cost-of-living crisis. Don’t neglect your pension. Create a budget.

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Employee Benefits

JULY 6, 2023

You’ve got a company pension scheme in place, so what would prompt you to change it? However, there’s a strong reason to do so: your business and employees may be at risk if you don’t take action. Additionally, shifting to a modern digital pension provider is surprisingly straightforward.

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Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours. Benefits around wellbeing and flexibility remain top of the pile.”

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Employee Benefits

SEPTEMBER 8, 2023

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

MARCH 3, 2022

The Financial Conduct Authority (FCA) is to increase salaries and performance-related pay for its employees. Other salary increases and performance-related pay will result in an overall increase of around £5,500. Other salary increases and performance-related pay will result in an overall increase of around £5,500.

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Employee Benefits

DECEMBER 14, 2022

Organisations are showing increasing support for diverse family models, and employers are more likely to provide benefits to parents these days than in the past. This looks set to continue into 2023, with employers forced to re-examine what their reward package offers their workforce and how they can improve it.

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Employee Benefits

JANUARY 22, 2024

With help from in-house focus groups that regularly evolve our environmental, social, and corporate governance (ESG), social and professional policies, at Atradius, we’re looking beyond traditional perks at how we can make daily life more rewarding, and ultimately, happier for our employees. appeared first on Employee Benefits.

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Employee Benefits

JANUARY 25, 2023

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer.

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Employee Benefits

NOVEMBER 16, 2022

The support will not change other pay-related benefits , such as pension contributions. David Thomas, chief executive officer of the Leicestershire-based firm, told staff in a letter on 15 November that they will receive the hand-out in equal instalments over the first six months of 2023.

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Employee Benefits

APRIL 3, 2023

Pension and group risk Trust-based defined contribution pension with 12% employer, 3% employee minimum contributions. Group income protection benefit that pays 75% up to state retirement age. Life assurance at 10-times salary. Healthcare and wellbeing Private medical insurance (PMI), subsidised for all employees.

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Employee Benefits

OCTOBER 4, 2023

Employee Benefits Live 2023: Enterprise Rent-A-Car has supported employees during the cost-of-living crisis with a salary increase and conducted a benchmark analysis of its pay and benefits providers. We want to get employees to see what is on offer and how much they can save,” said Llewellyn. “It

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Employee Benefits

NOVEMBER 29, 2023

The revised pay deal, secured by trade union Unite, will increase basic salaries by 8% and will be backdated to 1 June 2023. The deal also fully converts a fixed-contract payment worth around 5% into basic salary going forward. The post Odfjell Technology drillers accept pay deal appeared first on Employee Benefits.

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Employee Benefits

SEPTEMBER 29, 2023

Employees at sandwich and convenience food manufacturer Greencore’s Worksop factory in Nottinghamshire have accepted a 10% pay award. The factory line workers, quality controllers, store workers and cleaners will receive a 10% increase backdated to 1 April 2023 and an additional 5.25% increase from 1 April 2024.

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Employee Benefits

JUNE 29, 2023

In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%. As of 1 April 2024, staff have the choice to increase their pension contributions to 6%, with the airport contributing 10%.

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Employee Benefits

MARCH 7, 2024

A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5%

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Employee Benefits

FEBRUARY 6, 2023

Employers are experiencing increasing demand from employees for salary rises because of the pressures on everyday financial wellbeing, such as the ever-rising cost of living , inflation and interest rates. Employees are asking for help for acute issues around spending and borrowing,” he says.

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Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

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Employee Benefits

JANUARY 17, 2024

Mental resilience was a hot topic at the start of 2023, but as the cost-of-living crisis took hold, the focus shifted to employee financial wellbeing and financial resilience. There’s a link between employee financial wellbeing at work and mental wellbeing. million lost working hours (Money & Pensions Service).

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Employee Benefits

JULY 24, 2023

Cartwright, the pension specialist for defined benefit and hybrid schemes, has given each of its employees a one-off cost-of-living payment of up to £2,000. It is in addition to their salary , profit share and other performance-related bonuses. million investment, in response to the rising cost of living.

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Bayzat

SEPTEMBER 25, 2023

Last Updated on September 25, 2023 by Farhan The relationship between an employer and employee is one of the most important. The monthly salary you receive is not less than AED 4,000. The salary is payable as full pay for the first 15 days, half pay for the next 30 days, and no salary will be paid for the rest 45 days.

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Employee Benefits

NOVEMBER 2, 2023

Research[1] by WEALTH at work found that 83% of employees are concerned that the cost of-living crisis will mean they will have to work longer before retiring and 33% think they won’t ever be able to afford to retire at all. WEALTH at work’s research showed that 13% of employees have reduced or stopped their pensions because of rising costs.

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Employee Benefits

FEBRUARY 12, 2024

Financial wellbeing has a key role to play in supporting HR goals such as recruiting and retaining employees and improving productivity. Also, over a third (34%) plan to address pension gaps around gender and ethnicity in the next two years. However, the factors influencing financial wellbeing strategies are changing.

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Best Money Moves

MARCH 11, 2024

In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits. Well-tailored, helpful employee benefits go a long way toward keeping your existing team members satisfied while also attracting new talent.

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Employee Benefits

DECEMBER 20, 2023

In retirement, many will probably be paying significantly less income tax, no National Insurance or pension contributions, and mortgages may be paid off, but other costs may be higher such as heating bills as retirees may spend more time at home. They then need to work out the value of their savings and investments including pensions.

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Employee Benefits

APRIL 11, 2023

Through its partnership with Benify, Iveco Group staff can now access their benefits through an app at any point, while the business can also use the platform to increase awareness and engagement through communication. The post Iveco Group introduces global reward platform appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 19, 2024

Jennifer Wall joined as a commercial associate solicitor in November 2020, was told that she was performing well at an appraisal in July 2021 and received a £10,000 pay rise, increasing her salary to £75,000. The post Tribunal rules former Gannons solicitor on maternity leave was unfairly dismissed appeared first on Employee Benefits.

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Employee Benefits

AUGUST 9, 2023

Tailored benefits that are personalised to employees’ needs offer an effective form of support. With different employee demographics experiencing varying financial wellbeing needs, how can employers best target support to specific staff groups?

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Employee Benefits

DECEMBER 2, 2022

75% of HR professionals see mental wellbeing as key focus for 2023. Forget Me Not introduces salary sacrifice pension scheme. The post The top 10 most-read articles between 25 November – 1 December 2022 appeared first on Employee Benefits. Harrods security guards strike in pay dispute.

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Employee Benefits

FEBRUARY 20, 2024

In August 2023, pay for trainee pharmacists at Boots in England and Northern Ireland was increased to £11.64 The post Boots to increase pay for trainee pharmacists appeared first on Employee Benefits. Trainee pharmacists located in Zone A in England and Northern Ireland will receive a new pay rate of £12.69

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