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Get real: Bank of America is betting on virtual reality to upskill its staff

Employee Benefit News

Bank of America Professional development Technology

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Wall Street banks lead return-to-office push

Employee Benefit News

Bank of America Goldman Sachs Industry News Hybrid Work

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HR Challenges in Banking for 2023

Darwinbox

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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23 HR Trends in Banking for 2023

Darwinbox

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. ?. HR in Banking

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Bank of America-backed scorecard lets companies assess workplace mental health

Employee Benefit News

Bank of America Behavioral Health Mental Health

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Bank of America offers up to six weeks paid sabbatical for longtime workers

Employee Benefit News

Bank of America Mental health benefits Health and wellness

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Regional Australia Bank

Ascender

The case study for Regional Australia Bank appeared first on Ascender HCM. Customer Success Story

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Top 15 HR Best Practices for the Banking Sector in 2023

Darwinbox

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. HR in Banking

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11+ Top Performance Management Strategies for the Banking Industry in 2023

Darwinbox

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. HR in Banking

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Tesco Bank gives 90% of workforce a cost-of-living pay rise

Employee Benefits

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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The benefits offered by GB Bank

Employee Benefits

Photo credit: Tom Banks. The benefits on offer at specialist start-up bank GB Bank are: Pension and group risk. The post The benefits offered by GB Bank appeared first on Employee Benefits.

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Top 23 Employee Engagement Ideas for the Banking Sector in 2023

Darwinbox

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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Zopa Bank increases minimum salary to £27,000

Employee Benefits

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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Crawford and Company launches inclusive bank holidays

Employee Benefits

Crawford and Company, a provider of claims management and outsourcing solutions to carriers, brokers and corporations, has introduced inclusive bank holidays for its 1,450 UK workers. The post Crawford and Company launches inclusive bank holidays appeared first on Employee Benefits.

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Bank of America ups minimum hourly wage to $22

Employee Benefits

Bank of America has announced that it is raising its US minimum hourly wage to $22 (£17) as of the end of June, seeing an annualised salary for full-time employees increase to more than $45,000 (£36,007.20).

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Metro Bank receives Most Loved Workplace certification

Employee Benefits

Metro Bank has become certified as a Most Loved Workplace due to its commitment to employee experience, engagement and an inclusive culture. Our colleagues have also told us that they feel they can truly be themselves at Metro Bank.

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Bank of Ireland enhances paternity leave policy

Employee Benefits

The Bank of Ireland has launched a revised paternity leave policy in order to support its employees to combine their work and family life more effectively. The bank has made these policies available to staff from the first day of their employment.

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HSBC UK, First Direct, M&S Bank become endometriosis-friendly employers

Employee Benefits

Banks HSBC UK, First Direct and M&S Bank have pledged to support their employees by joining the Endometriosis Friendly Employer scheme this month (March). The post HSBC UK, First Direct, M&S Bank become endometriosis-friendly employers appeared first on Employee Benefits.

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Championing Diversity and Inclusion at Bank of America

HR Digest

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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Money Transfer Companies: Circumventing International Bank Payments Since 1979

Take It Personel-ly

Business Lifestyle banking etransfer finance financial financial management financial tips money money management money transfer

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10 Business Banking Tips to Help Meet Your Goals

Take It Personel-ly

Read on to learn about these banking tips […]. Did you know there are over 30.2 million small businesses in the United States? For small businesses to succeed, they need to consider every decision they make, and choosing the right business account is no exception.

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Lloyds Bank offers employees minimum £2,000 pay rise

Employee Benefits

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.

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Podcast: GB Bank creates unique benefits proposition as a new organisation

Employee Benefits

tynanbarton · GB Bank/Employee Benefits podcast. Photo credit: Tom Banks. Listen: Specialist bank GB Bank faced the challenge of growing and creating its benefits proposition against the backdrop of the pandemic, following its launch in 2017. Photo credit: Tom Banks.

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Metro Bank and Virgin Atlantic named among most loved workplaces for 2022

Employee Benefits

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.

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Sarah Taylor: How can employers organise an unplanned bank holiday?

Employee Benefits

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.

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Lloyds Banking Group hires chief people and places officer

Employee Benefits

Lloyds Banking Group has appointed Sharon Doherty (pictured) as chief people and places officer , as of this month. Charlie Nunn, group chief executive officer at Lloyds Banking Group, said: “I’m pleased to welcome Sharon Doherty to our team.

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June 16th, 2022 – It’s all in the Bag! InterWest Volunteers at the Redwood Empire Food Bank!

InterWest Insurance Services

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!

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A Quick Guide on How to Transfer Money From One Bank to Another

Take It Personel-ly

There are many important reasons why you might need to complete a bank-to-bank transfer. Lifestyle banking finance financial financial management financial tips Improvement money money management money transfer personal finance

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Fidelity and Starbucks team up to help employees build their savings

Employee Benefit News

Banking Employee benefits Workforce management

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Lloyds Bank awards staff with £1,000 one-off payment

Employee Benefits

More than 64,000 employees at Lloyds Bank will receive a £1,000 one-off payment in order to help with the rising cost of living in the UK. The post Lloyds Bank awards staff with £1,000 one-off payment appeared first on Employee Benefits.

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UK banks pay men 34% more per hour than women

Employee Benefits

Men are paid on average 34% more per hour than women across the UK banking sector, research has revealed. It found that almost half (45%) of staff employed by banks and building societies were women on the snapshot dates referred to in the reports.

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Let’s talk numbers: How employee engagement impacts financial services and banking industries

Achievers

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. For banks, 20 percent of lost business to competitors was due to poor service , ranking higher than internet service providers (18 percent), and even wireless phone companies (17 percent).

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M and C Saatchi Group launches bank holiday policy

Employee Benefits

Communications network M and C Saatchi Group has introduced an inclusive bank holiday policy as part of its ongoing strategy to create a diverse, supportive and equitable work environment for its 700 UK staff.

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Bank of New York Mellon Corporation creates stock plan for 51,000 global employees

Employee Benefits

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. Credit: JHVEPhoto / Shutterstock.com.

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Over 40% of employees at Arvest Bank stay for over a decade: Their CPO explains why

Employee Benefit News

Employee benefits Employee retention

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