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B&M awards bonus to 24,000 staff

Employee Benefits

B&M said sales in the three months to Christmas Day 2021 were 14% higher than the equivalent period before the pandemic in 2019. More than 24,000 members of staff employed by discount retailer B&M will receive a sum equivalent to an extra week’s wage for their “considerable efforts” during the festive period.

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Law Society Group reports higher gender pay gap than 2019

Employee Benefits

in the latest figures, which cover hourly rates of pay during the month ending 25 April 2021 as well as bonuses paid in the year up to 5 April last year. Again, the mean pay gap has widened since 2019. The post Law Society Group reports higher gender pay gap than 2019 appeared first on Employee Benefits.

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Gender pay gap reporting 2019: what’s required?

cipHR

The submission deadlines are: 4 April 2019 for private companies and charities. 30 March 2019 for public-sector organisations. . In January 2019, Personnel Today analysed the 2018 gender pay gap data that had been reported so far to see if employers were improving. The post Gender pay gap reporting 2019: what’s required?

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Are bonuses the key to hourly staff retention?

Business Management Daily

According to a Chipotle statement announcing the plan, bonuses will be paid quarterly if crew teams meet revenue and other goals. According to a Chipotle statement announcing the plan, bonuses will be paid quarterly if crew teams meet revenue and other goals. Snapshot: What do bonuses reward? Employee referral bonuses: 52%.

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Department for Transport reports 10.7% mean gender pay gap

Employee Benefits

This is higher than its 2021 mean gender pay gap of 7.8%, but lower than its figures for 2019 and 2020, at 13.8% in 2019 and 13% in 2020. Its mean figure for 2021 was -0.4%, with 2020 and 2019’s at -3.2% Its figures between 2019 and 2021 moved from 15% to -3.4%. respectively. percentage points since 2022, from 12.9%

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Mirit Ehrenstein and Louise Mason: Changes to remuneration, pay transparency and diversity metrics in 2023

Employee Benefits

This means that UK banks that had to limit variable remuneration to 200% of fixed pay are now permitted to pay bonuses at a higher level. The flexibility to reduce fixed pay and deliver a higher proportion of pay through bonuses will be welcome. The bonus cap has been removed.

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John Lewis reports 7.9% mean gender pay gap

Employee Benefits

The employer has reported its ethnicity pay gap since 2019. Its mean pay gap for 2022 was 4%, down from 5% the prior year and 8% in 2019. The total number of female workers dropped slightly compared with 2021. John Lewis’ 2022 mean gender bonus pay gap was 24.9%, lower than 7.6% in 2021 and the retail average of 30.1%. retail average.

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