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Stanlow Oil Refinery workers accept 300% bonus pay increase

Employee Benefits

Construction workers employed at the Stanlow Oil Refinery in Cheshire have secured a 300% increase in bonus pay. The 450 employees operating under the National Agreement for the Engineering Construction Industry, work for several different contractors at the site.

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

Employee Benefits

mean ethnicity pay gap Engineering construction staff accept 17.4% The top 10 most-read articles on employeebenefits.co.uk

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Brake Brothers staff secure pay deal

Employee Benefits

The pay offer was made following constructive negotiations with the company after our emphatic mandate for industrial action at the Newhouse facility.” Trade union Unite worked with its members to secure the pay deal, worth over £6,000, for Brake Brothers warehouse workers and distribution drivers based at Newhouse in Motherwell.

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Total pay growth hits strongest rate since before pandemic

Employee Benefits

Growth in average total pay, including bonuses and regular pay but excluding bonuses , from September to November 2022 was 6.4%, according to the latest Office for National Statistics (ONS) figures. The finance and business services sector had the largest regular growth rate at 7.6%, followed by the construction sector at 6.3%.

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Kinleigh Folkard and Hayward gives staff one-off cost-of-living payment

Employee Benefits

Housebuilder Taylor Wimpey paid 90% of its staff – those earning up to £70,000 – £1,000, while home construction firm Barratt revealed a £1,000 cost-of-living bonus for 6,000 of its employees below senior management level, to be paid out over a six-month period. The total amount awarded to the workforce was £700,000.

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What Hourly Workers Really Want (It Might Surprise You)

Achievers

In the same Snagajob survey referenced above, it appears that 27% of candidates thought bonuses are the most important work perk, so much so that 54% of workers surveyed would change jobs if it meant a bonus structure was included in their compensation plan. That’s because bonuses are usually based on work performance. Vacation Time.

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Employee retention strategies… the trick to keeping your talent

Employee Benefits

Your people expect you’ll reward them for their efforts, but many businesses have struggled to issue bonuses in the current economic climate. One-off bonuses aren’t always cost-effective, but they’re not the only way to enhance employee engagement and show your people you recognise and value their worth.