Employee Benefits

APRIL 8, 2024

Through a partnership with cloud-based payroll software service PayCaptain, Roadchef employees can access savings pots, digital payroll giving, pay trackers, built-in financial wellbeing tools to budget and plan money, interactive pay slips, 24/7 faster payments, 24/7/365 chatbots, banking features and access to accrued earnings in emergencies.

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Empuls

OCTOBER 9, 2023

The banking sector serves as the backbone of the global economy, facilitating financial transactions, managing assets, and ensuring the efficient flow of capital. However, the life of a bank employee is far from a walk in the park. In this blog, we will delve into the common problems faced by bank employees in their daily roles.

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Empuls

OCTOBER 9, 2023

Employee turnover has been a persistent challenge in the banking sector, with both private and public sector banks grappling with this issue. High turnover can result in significant costs and disruptions, making it essential for banks to implement effective employee retention strategies.

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Employee Benefits

FEBRUARY 21, 2024

Banking organisation Barclays has reported a mean gender pay gap of 33.6% for 2023, down 2.3 percentage points from 2022. Its median gender pay gap was 33.3%, down 4.4 percentage points from 2022. Its lower pay quartile comprised 66% females and 34% males, while its upper pay quartile was made up of 31% of females and 69% of males.

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Empuls

OCTOBER 9, 2023

Banking institutions that invest in cultivating engaged employees reap the benefits of enhanced customer service, improved productivity, and a more vibrant workplace culture. In this blog, we will explore the significance of employee engagement in the banking sector and share strategies for achieving it.

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Empuls

SEPTEMBER 28, 2023

What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. But before getting started let's uncover the basics.

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Employee Benefits

DECEMBER 13, 2023

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. Many banks added role-based allowances, topping up fixed pay. Many banks added role-based allowances, topping up fixed pay. The bonus cap has been removed.

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Employee Benefit News

JANUARY 26, 2024

Workers are eligible if they earned a salary of less than $75,000 last year, and their total cash compensation was less than $85,000.

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Employee Benefits

FEBRUARY 8, 2024

Banking organisation Santander UK has reported a 13.4% The bank’s 2023 mean gender pay gap was 27%, down 2.2 mean ethnicity pay gap for 2023, up 4.3 percentage points from 2022’s figure. The employer’s median ethnicity pay gap was 17.6%, up 9.6 percentage points from the previous year. Its mean ethnicity bonus gap was 35.6%, up 6.6

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Employee Benefits

SEPTEMBER 12, 2023

Annual pay growth , excluding bonuses, from May to July 2023 was 7.8%, according to data from the Office for National Statistics (ONS). Annual growth in employees’ average total pay including bonuses was 8.5%, due to NHS and Civil Service one-off payments made in June and July 2023.

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Employee Benefits

JANUARY 25, 2024

NDA provides its employees with a performance-based bonus scheme, a relocation package, 30 days annual leave per year plus eight statutory public and bank holidays, enhanced statutory family-friendly leave schemes, flexible-working options, bikes-for-work schemes and an enhanced employee assistance programme.

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Employee Benefits

JANUARY 26, 2024

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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Employee Benefits

JULY 24, 2023

At Cobry, we provide our staff with a range of perks and bonuses, including a profit-share programme, electric car and bikes-for-work subsidies, and enhanced sick pay and pension contributions. Other benefits offered to Cobry staff include a recruitment referral bonus scheme, performance-related pay and floating bank holidays.

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Employee Benefits

OCTOBER 31, 2023

The platform accepts payroll deductions on a regular basis (from as little as £25 per month) or from a lump sum (min £300) such as bonuses by using an open banking facility. Contributions can also be made from maturing SAYE schemes to help protect from capital gains tax and ensure tax free growth.

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Qandle

JUNE 20, 2023

This includes employee details such as names, addresses, social security numbers, tax withholding information, bank account details for direct deposit, and any changes in employment status or compensation. Time and Attendance Management: If your organization tracks employee hours worked, you need to gather time and attendance records.

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Employee Benefits

FEBRUARY 22, 2023

Banking organisation HSBC has reported a mean gender pay gap for 2022 of 45.2% Excluding variable pay, the bank’s overall mean gender salary gap was 39.7%, and its median was 47.8%. The bank’s 2022 mean ethnicity pay gap for Asian, black, mixed race and other ethnic minority staff was 0.4%, but its median was -4.6%

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Ahmed's Universe

MAY 2, 2019

This is a great piece of investigation as it provides concrete examples of how a French multinational, banking giant BNP Paribas (BNPP), sets about mentally torturing the employees it wants to get rid of on the cheap (a screnshot of the French-language article is provided below.) Nothing new under the sun, you might say.

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Employee Benefits

FEBRUARY 20, 2023

For Natwest Bank, specifically, the 2022 mean gender pay gap fell by 1.4% Credit: William Barton / Shutterstock.com Natwest Group UK has reported a mean gender pay gap for 2022 of 31.8%, and a median gender pay gap of 32.3%. The group’s 2022 mean gender bonus gap, excluding recognition vouchers, was 43.5%, while its median was 18.9%.

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Business Management Daily

JUNE 26, 2023

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). That trend continued in 2021, with only 34% of small businesses applying for bank loans. The biggest perk is that the bank has no say in how you run your company.

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Benefit Resource Inc.

APRIL 7, 2023

BONUS: ID Theft Services are comprehensive and can cover your bank accounts, medical IDs, social security numbers and even email addresses. But you can keep your funds, ID and mental health safe by signing up for ID Theft Services. It’s free and secures your peace of mind. Find out more about our monitor, replace, repair approach.

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Qandle

AUGUST 3, 2023

This includes personal details, bank account information, PAN (Permanent Account Number), and Aadhar Card. It involves determining the total earnings for each employee, which includes basic salary, allowances, incentives, bonuses, and any other applicable earnings. Check out the Payroll Software.

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Qandle

SEPTEMBER 6, 2023

Running payroll refers to the process of calculating and distributing employee compensation, including wages, salaries, bonuses, and deductions, within an organization. Calculate Gross Pay: Calculate each employee’s gross pay, which includes their base salary or hourly wage, overtime, and any bonuses.

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Employee Benefits

JANUARY 24, 2024

It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. Through blockchain, financial transfers can be made significantly faster and cheaper than through banking networks. The volatility of the price means employees aren’t keen to switch from hard cash.”

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Employee Benefits

AUGUST 23, 2023

This pay rise will enable them to support their families and stop replying on food banks. “These low-paid, predominantly [female] workers have stood together, demanded more, and they’ve got it. These workers should be rightly proud of themselves and Tata should be congratulated for finally listening to their workforce.

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Employee Benefits

JUNE 28, 2023

Other employee benefits offered by Allianz include a minimum of 22 of annual leave plus bank holidays, along with an additional day for birthdays, enhanced maternity and paternity leave, flexible-working arrangements, professional mental health support, health and wellbeing support,discounted insurance products, retail discounts, holiday buy and sell, (..)

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Employee Benefits

APRIL 21, 2023

Kim Coles, finance director at Lush Cosmetics, said: “Lush staff making and selling our products are crucial to our success and we continue to commit to the rate to ensure that, as the cost of living continues to rise, we can be confident that our rates of pay are fair and that our staff can afford what they need to thrive, not just to survive.”

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Employee Benefits

JUNE 19, 2023

Its schemes include employer-funded private medical health insurance, which includes subsidised dental care, bonus, occupational sick pay, and a group pension scheme with matched contributions.

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Employee Benefits

APRIL 28, 2023

The top 10 most-read articles on www.employeebenefits.co.uk

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Best Money Moves

OCTOBER 13, 2023

Common incentives for participation include cash bonuses, reducing contributions towards health insurance and providing a flexible spending account. Financial wellness programs Only 42% of employees rate their financial wellness as good or excellent, according to a report by Bank of America.

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Qandle

NOVEMBER 27, 2023

It encompasses the calculation and disbursement of salaries, wages, bonuses, and deductions in a systematic and organized manner. This encompasses regular wages, overtime pay, bonuses, and any other additional earnings. Accurate calculations are crucial to ensure that employees receive fair compensation for their work.

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Vantage Circle

JULY 23, 2020

Unlike popular perceptions, you can reward employees without breaking the bank. It includes bonuses, raises, gifts, etc. It includes bonuses, salary raises, etc. Performance-based rewards are given in the form of pay plans, incentive systems, group bonuses, or commissions. Non-financial versus Financial Rewards.

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SnackNation

MAY 27, 2016

17 Proven Morale Boosters That Won’t Break The Bank. But to put the argument to rest, we’ve put together a list of 17 Proven Morale Boosters That Won’t Break The Bank. As you can see, morale boosters don’t have to break the bank. Well, Doubty McDoubterson, you couldn’t be more wrong. Here they are: 1.

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HR Digest

MAY 19, 2021

Bank of America on Tuesday announced it was increasing its minimum wage to $26 an hour by 2025, according to chief executive Brian Moynihan. This isn’t the first time the American multinational investment bank and financial services has raised wages. In 2017, BoA raised its minimum wage to $15 an hour.

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Employee Benefits

MAY 1, 2023

Holidays 25 days holiday plus bank holidays. Flexible-working policy available for all employees. Enhanced maternity, adoption, paternity and shared parental pay which is open to every employee that has completed their probation period. Holiday buy and sell of up to five days offered on an annual basis.

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cipHR

JULY 10, 2023

While some regulations such as the Insurance Distribution Directive require staff to complete 15 hours of CPD per year, financial advisers must complete 35 hours, 21 of which must be structured. After I graduated, I spent eight years working at the financial regulator, completing rotations in authorisations, international banks and insurance.

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LACE Partners

OCTOBER 8, 2021

The term ‘faster payments’ is a generic industry term that has been used since mid-2008, introduced by clearing banks to describe the reduction in the transaction time from one bank to another – it is now only a matter of seconds. Real-time payments vs faster payments – what are they? . The most obvious is agility.

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InterWest Insurance Services

OCTOBER 24, 2023

Both sides may want to agree to a transparency clause that will allow the buyer to view the seller’s bank accounts during this period to ensure that direct-billed proceeds are transferred to the buyer. During the waiting period the funds will continue being paid into the seller’s account.

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