Remove child-care-gap
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How Regulatory Change and Voluntary Benefits will Bridge the Child Care Gap

Corporate Synergies

With regulatory changes still a ways away, voluntary benefits can help address the child care gap and keep working parents in the workforce. The post How Regulatory Change and Voluntary Benefits will Bridge the Child Care Gap appeared first on Corporate Synergies.

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How to help employees fill child care gaps during the holidays

Employee Benefit News

Whether wrapping up yearly reports — or presents — employees can use some help when it comes to making sure their kids are covered while they work.

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19% regret not taking out a financial protection policy while caring for ill child

Employee Benefits

One in five (19%) UK parents admitted regretting not taking out a protection policy for financial support if they needed to take time off work to care for an ill child or children, according to new research from MetLife UK.

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What actions can employers take to close the gender pensions gap?

Employee Benefits

More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. In order to help close the pensions participation gap, more education on schemes is needed. Stretches of inactivity in part-time sectors, such as hospitality, caused by the pandemic additionally exacerbated the gap.

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Department of Work and Pensions reports 5.9% mean gender pay gap

Employee Benefits

The Department of Work and Pensions (DWP) has reported a mean gender pay gap for 2022 of 5.9%. The government department’s mean gender pay gap , increased by a 1.7 percentage point from 2021, while its median gender pay gap for 2022 is 0. Meanwhile, its mean bonus gap decreased over the course of the year by a 0.1

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RSA Insurance to introduce equal parental leave

Employee Benefits

 It will apply to any employee with six months’ service, whose child or children are born or adopted after 1 January 2024. It has made the move to enhance and equalise parental leave to allow all staff to share in the first months of parenthood and re-balance the responsibilities of care.

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Spring Budget 2023: 30 hours free childcare for under-threes

Employee Benefits

It will be extended to working parents with children aged nine months and above in September 2024, and to every working parent with a child aged under five in September 2025, allowing parents 30 hours of free childcare so they can return to work as soon as maternity or paternity leave ends. For them, childcare remains just too expensive.”