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Bank of England gives employees 4% pay rise

Employee Benefits

The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market. The deal, which was intended to match inflation , was accepted by the trade union that represents the bank’s employees.

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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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Standard Chartered launches electric and hybrid vehicle salary sacrifice scheme

Employee Benefits

Credit: MOZCO Mateusz Szymanski / Shutterstock.com Banking organisation Standard Chartered has introduced an electric and plug-in hybrid vehicle salary sacrifice scheme for all of its UK-based employees. The post Standard Chartered launches electric and hybrid vehicle salary sacrifice scheme appeared first on Employee Benefits.

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Tribunal rules Starling Bank must pay £1.1m following health-related dismissal

Employee Benefits

Credit: rafapress / Shutterstock.com A former solicitor employed by Starling Bank has been awarded £1.1 Representing herself, Raja claimed that she was unfairly dismissed and treated because Starling did not investigate her allegations of discrimination, and that she was victimised by the bank.

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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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Allied Irish Banks enhances domestic violence support

Employee Benefits

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 introduces optional four-day week

Employee Benefits

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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