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Greggs to share £17.6 million bonus among staff

Employee Benefits

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% This will include the impact of the 10% national living wage increase and enhancement of its pension benefits, with staff now able to access up to 6% employer contributions.

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The top 10 most-read articles between 19 – 25 January 2024

Employee Benefits

between 19 – 25 January 2024 were: Lidl GB gives pay rise to 26,000 hourly-paid employees FCA manager loses full-time work from home claim Mitie, The Perfume Shop and NFU Mutual UK certified as UK top employers Lloyds Banking Group reports 5.7% The top 10 most-read articles on employeebenefits.co.uk

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59% of British workers feel unhappy with their benefits packages

Employee Benefits

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.

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Manchester Airport staff accept up to 17% pay rise

Employee Benefits

In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%. In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%.

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EY to allow consultants to take time away from roles

Employee Benefits

Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks. This time away will be unpaid, but staff will receive a bonus worth 25% of their salary when they return.

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Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. Glenn Cameron, investment consultant at actuarial and pension specialists Cartwright, believes one of the currencies, Bitcoin, will become mainstream. The volatility of the price means employees aren’t keen to switch from hard cash.”

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Harness the power of financially resilient employees

Employee Benefits

million lost working hours (Money & Pensions Service). Our Financial Wellbeing App is so much more than a money management tool, consolidating an employee’s debt into one loan, repayable to your business via manageable monthly salary deductions. Still, education only goes so far, and your employees’ monthly salary has a limit.

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