Bank Failures Impact Payroll Professionals
PayrollOrg
MAY 2, 2023
The American Payroll Association offers best practices following the March 10 collapse of Silicon Valley Bank and the March 12 failure of Signature Bank.
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Bank Failures Impact Payroll Professionals
PayrollOrg
APRIL 28, 2023
The American Payroll Association offers best practices following the March 10 collapse of Silicon Valley Bank and the March 12 failure of Signature Bank.
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Bank Failures Impact Payroll Professionals
PayrollOrg
MARCH 14, 2023
The American Payroll Association offers best practices following the March 10 collapse of Silicon Valley Bank and the March 12 failure of Signature Bank.
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Ovo Energy launches flexible bank holidays
Employee Benefits
APRIL 28, 2023
Energy supplier Ovo Energy has introduced a flexible bank holiday policy to allow staff more choice when taking time off throughout the year. This applies to all UK 2023 bank holidays apart from Christmas Day, New Year and the King’s Coronation, which remain fixed.
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Metro Bank offers support for employees going through separation
Employee Benefits
MAY 3, 2023
Launched in 2010 as the first new high street bank in more than 100 years, Metro Bank now employs nearly 4,500 people across the UK. Khushboo Patel, head of engagement and inclusion at Metro Bank, says: “Our colleagues are at the heart of what we do and we want them to feel supported whatever they are going through in their lives.
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California Will Waive Penalties for Employers Affected by Bank Closure
PayrollOrg
MAY 2, 2023
The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.
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California Will Waive Penalties for Employers Affected by Bank Closure
PayrollOrg
APRIL 28, 2023
The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.
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California Will Waive Penalties for Employers Affected by Bank Closure
PayrollOrg
MARCH 15, 2023
The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.
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Allied Irish Banks enhances domestic violence support
Employee Benefits
APRIL 26, 2023
Credit: shawnwil23 / Shutterstock.com Allied Irish Banks (AIB) has expanded its support for employees experiencing domestic violence, as part of its commitment to provide a safe and supportive work environment. The post Allied Irish Banks enhances domestic violence support appeared first on Employee Benefits.
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Metro Bank appoints director of colleague experience and inclusion
Employee Benefits
APRIL 27, 2023
Metro Bank has appointed Chit Ghee Yeoh (pictured) as director of colleague experience and inclusion. With over 20 years’ experience in banking and accounting, Yeoh previously held a number of senior roles at Deloitte and Arthur Andersen. I can’t wait to see what she achieves and look forward to celebrating her inevitable success.”
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Tesco Bank gives 90% of workforce a cost-of-living pay rise
Employee Benefits
JANUARY 19, 2023
Credit: Serge Cornu / Shutterstock.com Tesco Bank has given more than 3,400 members of staff a £1,250 pay increase in order to help them with the rising cost of living. The bank is the latest in a series of employers to provide staff with cost-of-living support.
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Championing Diversity and Inclusion at Bank of America
HR Digest
JANUARY 19, 2023
In 2021, we merged our Consumer Bank Academy with our Global Learning Organization to create The Academy at Bank of America, an onboarding, education and professional development organization dedicated to the growth and success of 200,000+ teammates from consistent onboarding through skill building.
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Deutsche Bank completes £400 million bulk purchase annuity buy-in
Employee Benefits
APRIL 5, 2023
Banking group Deutsche Bank has completed a £400 million bulk purchase annuity buy-in transaction for its UK pension scheme. According to the bank, this tranche of the scheme’s liabilities was completed using an umbrella contract, providing a basis for future transactions.
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Bank failures and payroll — what employers should know
Business Management Daily
MARCH 17, 2023
When Silicon Valley Bank in California and the Signature Bank in New York failed last week, employers with accounts at those banks began to fret they wouldn’t be able to pay employees. Before the FDIC acted on Monday, they had good reason to—bank accounts are insured for up to $250,000. Thankfully, we’ll never know.
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Billion Dollar Boy introduces inclusive bank holiday policy
Employee Benefits
MARCH 31, 2023
Influencer agency Billion Dollar Boy has launched a flexible bank holiday policy this week, in order to support its multi-faith workforce. The bank holiday arrangement was added to an existing flexible working policy, which accommodates part-time employment and flexible start and end times around the core hours of 10am to 4pm.
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Bank of Ireland enhances family-friendly policies
Employee Benefits
FEBRUARY 17, 2023
Bank of Ireland has implemented enhanced family friendly policies and support for its 9,000 employees, as of this week. The bank also made all family leave policies day-one entitlements, and launched a Family Matters Handbook, illustrating key supports and benefits available depending on the employee’s journey.
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Metro Bank introduces optional four-day week
Employee Benefits
FEBRUARY 1, 2023
Financial organisation Metro Bank has implemented an optional shift pattern for its store workforce as of this month (February), allowing them to work four days and have a three-day break if they choose. The bank confirmed that there will be no reduction in pay under the new system. The results will be reviewed at the end of this year.
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HR Challenges in Banking for 2023
Darwinbox
NOVEMBER 24, 2022
The banking industry is on the path of transformational growth. HR in the banking industry will be responsible for facilitating growth and innovation in the sector. In this article, we will explore the HR challenges that the banking industry will face in the year 2023. ?.
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Zopa Bank increases minimum salary to £27,000
Employee Benefits
DECEMBER 7, 2022
London-headquartered Zopa Bank has raised the minimum salary for its more than 600-strong workforce by more than 20% as a response to the cost-of-living crisis. The bank raised its base salary to a minimum of £27,000, 25% above the London living wage.
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Metro Bank and Virgin Atlantic named among most loved workplaces for 2022
Employee Benefits
NOVEMBER 3, 2022
Financial institution Metro Bank, airline Virgin Atlantic and HR system provider Ciphr have been named on the Most loved workplaces UK 2022 list, with the bank and airline ranking in the top 10. Metro Bank. The top 10 Most loved workplaces for 2022 were: Virgin Atlantic. Alfa Financial Software. Lewis Silkin. PerkinElmer.
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Paul Reeves and Leanne Raven: Are employees entitled to the King’s Coronation bank holiday?
Employee Benefits
APRIL 26, 2023
It has been announced that there will be an extra bank holiday to celebrate the King’s Coronation on Monday 8 May, which will form a special three-day weekend for many, but not all, employees. If an employee’s contract says their entitlement plus bank holidays, they will be entitled. appeared first on Employee Benefits.
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Lloyds Banking Group scoops top prize at 2023 Top Employer Awards
Employee Benefits
FEBRUARY 9, 2023
Lloyds Banking Group has won the overall top employer award at WM People’s 2023 Top Employer Awards, as well as the award for best employer for older workers and best for flexible working. The post Lloyds Banking Group scoops top prize at 2023 Top Employer Awards appeared first on Employee Benefits.
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23 HR Trends in Banking for 2023
Darwinbox
NOVEMBER 7, 2022
The banking industry has been on the path of HR transformation since the COVID-19 pandemic. In this article, we look at the HR trends that the banking industry will see in the year 2023. ?.
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Metro Bank receives Most Loved Workplace certification
Employee Benefits
SEPTEMBER 7, 2022
Metro Bank has become certified as a Most Loved Workplace due to its commitment to employee experience, engagement and an inclusive culture. According to the bank, the fact that it enhanced its benefits during the pandemic to reflect changing needs has helped it to be eligible for the certification.
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Lloyds Bank offers employees minimum £2,000 pay rise
Employee Benefits
NOVEMBER 4, 2022
Banking organisation Lloyds Bank has offered its staff either a £2,000 pay rise or a 5% lift in salary up to a maximum of £5,000, whichever is greater. The post Lloyds Bank offers employees minimum £2,000 pay rise appeared first on Employee Benefits. Earlier this year, Lloyds awarded 99.5%
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15 Top Talent Management Practices for Banking in 2023
Darwinbox
DECEMBER 6, 2022
The mission to build a future-proof banking organization begins with building a future-proof workforce. This article explores the top talent management practices that will be relevant for the banking sector in 2023.
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Top 15 HR Best Practices for the Banking Sector in 2023
Darwinbox
DECEMBER 28, 2022
HR professionals in banks need to stay up to date with the best HR practices in the industry to successfully manage the workforce and help banks achieve their business objectives. This article explores 15 best HR practices for banking professionals to consider.
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Barclays Bank UK reports 35.9% mean gender hourly pay gap
Employee Benefits
FEBRUARY 16, 2023
Financial institution Barclays Bank UK reported a mean gender hourly pay gap of 35.9% The bank’s mean gender bonus gap for 2022 was 67.7%, falling from 69.9% The Bank’s 2022 mean ethnicity hourly pay gap for Asian employees was -6.1%, up 0.7 The post Barclays Bank UK reports 35.9% in 2022, down 0.4 A total of 95.9%
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11+ Top Performance Management Strategies for the Banking Industry in 2023
Darwinbox
DECEMBER 27, 2022
With issues like a high rate of absenteeism and turnover facing the banking industry, implementing an effective performance management strategy can go a long way in developing, rewarding, retaining, and motivating a productive workforce. This article covers 11+ best performance management practices in the banking sector for 2023.
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Wall Street banks opt for greater automation for grunt work to retain talent
HR Digest
SEPTEMBER 15, 2021
Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work. Wall Street banks are trying to automate as much grunt work as possible to save the younger bankers from feeling overwhelmed. Headcount in the banking industry is likely to get reduced, aided by technology.
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Top 23 Employee Engagement Ideas for the Banking Sector in 2023
Darwinbox
DECEMBER 9, 2022
With issues like a high rate of absenteeism and turnover facing the banking industry, implementing an employee engagement strategy can go a long way in retaining and building a future-proof workforce. This article covers 23 ideas for employee engagement in the banking sector for 2023.
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Sarah Taylor: How can employers organise an unplanned bank holiday?
Employee Benefits
SEPTEMBER 14, 2022
Following the announcement of Monday’s bank holiday earlier this week, businesses have been rushing to plan accordingly. This holiday will operate in the same way as other bank holidays, which means that entitlement depends on the wording of an individual’s employment contract. appeared first on Employee Benefits.
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Regional Australia Bank
Ascender
OCTOBER 8, 2020
The case study for Regional Australia Bank appeared first on Ascender HCM.
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Financial Wellness Leads to Employee Retention, Says Bank of America Report
Best Money Moves
DECEMBER 5, 2022
Financial wellness leads to employee retention, says Bank of America report. Compared to last year, more companies are offering financial wellness benefits and about 85% of employers say they reduce employee attrition, according to Bank of America’s 2022 Workplace Benefits report. Plus, 4 more highlights from the survey.
Bank of New York Mellon Corporation creates stock plan for 51,000 global employees
Employee Benefits
DECEMBER 15, 2022
US and global investment banking services organisation Bank of New York (BNY) Mellon Corporation has introduced a share scheme for eligible employees with BK Restricted Stock Units, or BK Shares , which will open on 13 February 2023.
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UK banks pay men 34% more per hour than women
Employee Benefits
FEBRUARY 3, 2022
Men are paid on average 34% more per hour than women across the UK banking sector, research has revealed. Loan provider Tic Finance used the most recent gender pay gap reports published on the official government website by 49 UK banks and building societies to analyse the extent of the gender pay gap in the banking industry.
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Money Transfer Companies: Circumventing International Bank Payments Since 1979
Take It Personel-ly
JUNE 15, 2021
Money transfer operators, as the name implies, are basically financial companies that, besides banks, act as facilitators of international payment transactions.Most of the named money transfer companies transact either through their own internal system or by using any other cross-border banking network.
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Let’s talk numbers: How employee engagement impacts financial services and banking industries
Achievers
JANUARY 26, 2015
The financial services and banking industries don’t fare well when it comes to employee engagement. When compared to all other industries, finance and banking suffer from high customer-switching rates, low employee engagement levels, high turnover, and absenteeism.
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Get Ready to Mark Your Calendar! Here’s What Happens If Payday Falls on a Bank Holiday
Patriot Software
SEPTEMBER 25, 2020
But, bank holidays might pose a slight hiccup. What happens if payday falls on a bank holiday? What happens if payday falls on a bank holiday—or around it? Between 50% – 78% of workers live paycheck to paycheck. These employees (and likely all employees) count on receiving their wages on their scheduled pay date.
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Atom Bank maintains pay while operating hybrid-working model
Employee Benefits
JANUARY 24, 2022
Atom Bank is one of many organisations that has embraced a hybrid-working model without any plans to change its pay strategy. The post Atom Bank maintains pay while operating hybrid-working model appeared first on Employee Benefits.
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June 16th, 2022 – It’s all in the Bag! InterWest Volunteers at the Redwood Empire Food Bank!
InterWest Insurance Services
JUNE 20, 2022
On Thursday June 16th, volunteers from InterWest’s North Bay offices helped support the Hunger Relief efforts of the Redwood Empire Food Bank by bagging more than 5,669 pounds of apples! Redwood Empire Food Bank can’t do it without your help! To get involved, visit [link].
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10 Business Banking Tips to Help Meet Your Goals
Take It Personel-ly
AUGUST 24, 2020
Read on to learn about these banking tips […]. For small businesses to succeed, they need to consider every decision they make, and choosing the right business account is no exception. If you’re considering switching to a business account, you came to the right place.
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How to Win the War on Talent in the Financial Services and Banking Industry
Achievers
JUNE 18, 2019
How to Win the War on Talent in the Financial Services and Banking Industry. How to Win the War on Talent in the Financial Services and Banking Industry. A recent study reports that turnover in the financial services and banking industry is higher than it’s been in a decade. Employee Retention. June 18, 2019 June 18, 2019.
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Top 16 Finance & Banking Conferences 2020
Professionals Alternative
FEBRUARY 3, 2020
When working within the finance and banking industry, it’s essential to keep up with the latest innovations and trends in the financial services space. There is quite a collection of finance and banking conferences each year, which is why we assembled this detailed list of the most well-known finance conferences in 2020 for you to browse.
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