PeopleKeep

APRIL 5, 2023

You can recognize an employee's extra effort or specific accomplishments with a spot bonus. Unlike annual bonuses, spot bonuses are given "on the spot" to reward an employee for a particular action or behavior. A promotion or bump in salary isn't your only option to show appreciation.

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Employee Benefits

FEBRUARY 9, 2024

The post 2Gether Support Solutions staff awarded Covid bonus payment appeared first on Employee Benefits. Unite is currently in dispute with Barts NHS Trust and outsourcing firms Synergy and Mitie regarding a lump sum payment for their lowest paid staff.

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Employee Benefits

JANUARY 25, 2024

Jewellry brand Pandora has awarded its 2,600 retail employees across UK and Ireland a one-off bonus , following its 2023 financial results. The organisation will pay out bonus payments starting at £100, which will increase depending on employees’ roles. The bonus is in addition to their existing monthly sales incentive programme.

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Employee Benefits

NOVEMBER 28, 2022

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. The Corporate Christmas Rewards Study surveyed 200 decision-makers at UK organisations, and found that 81% planned to host a party to mark the festive season and reward employees.

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Employee Benefits

NOVEMBER 6, 2023

The post Non-NHS health staff win one-off bonus appeared first on Employee Benefits. Thousands of health workers will now receive a one-off bonus after threatening legal action against the government.

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Employee Benefits

SEPTEMBER 29, 2023

Wholesaler Parfetts has awarded its employees a 10% profit share bonus as part of its recognition of their contribution to its continued growth. The post Parfetts awards staff 10% profit share bonus appeared first on Employee Benefits.

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PeopleKeep

SEPTEMBER 6, 2023

One way to keep productivity high and turnover low is by offering retention bonuses. Unlike performance-based bonuses, retention bonuses entice your most experienced and sought-after employees to remain at your company, regardless of performance.

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Employee Benefits

NOVEMBER 30, 2023

Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%. The group’s global annual performance-driven bonus programme rewards employees when they meet or exceed specific business goals.

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Employee Benefits

APRIL 24, 2023

According to the Pharmacists’ Defence Association (PDA) union, which led negotiations on behalf of the employees, everyone in the bargaining unit, including those at threat of redundancy or transfer, will receive the payments. The post LloydsPharmacy gives staff 5.75% bonus appeared first on Employee Benefits.

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Insperity

APRIL 7, 2022

A thoughtful, high-value employee bonus program can help make the difference between struggling to recruit and retain talented employees , and having a workplace that employees never want to leave. Employee bonus programs defined. How employers benefit. Promote desirable employee behaviors. Spot bonus.

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Employee Benefits

DECEMBER 5, 2023

Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment. The post Ikea awards pay increases and year-end bonuses to UK staff appeared first on Employee Benefits.

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Employee Benefits

JUNE 27, 2023

Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations. This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus.

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Sodexo Engage

MARCH 30, 2022

Summary: Do all good employers reward employees with bonuses? How do benefits help employees? What are the advantages to your business of providing employee benefits? Employee Bonus Alternatives: Are Benefits a Viable Alternative to Cash? What cash bonus alternatives are there?

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Employee Benefits

OCTOBER 27, 2023

Allied Irish Banks (AIB) is to introduce healthcare benefits and a bonus worth up to €12,700 for all employees. From 1 January 2024, it will introduce healthcare benefits for the first time for all employees in the Republic of Ireland and Northern Ireland.

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Employee Benefits

JANUARY 12, 2022

The organisation also awards employees, who have been with the business since 1 July 2020, a £500 profit-share payment, which is calculated based on average working patterns and uses 30-hours per week as a full-time equivalent cap.

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Employee Benefits

JULY 27, 2023

Law firm Osborne Clarke has announced that in order to be considered for a bonus from 2024, employees will need to come into the workplace at least three times a week. The post Osborne Clarke links bonus eligibility to working location appeared first on Employee Benefits.

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Employee Benefits

MARCH 14, 2023

Schneider / Shutterstock.com German commercial vehicle manufacturing firm Daimler Truck has awarded eligible employees a €6,300 (£5,546) profit sharing bonus and a one-off appreciation bonus of €1,000 (£880). The post Daimler Truck awards profit share and appreciation bonuses appeared first on Employee Benefits.

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Employee Benefits

AUGUST 9, 2023

The 450 employees operating under the National Agreement for the Engineering Construction Industry, work for several different contractors at the site. This victory at Stanlow further demonstrates how Unite’s relentless commitment to jobs, pay and conditions is delivering genuine financial benefits for workers in engineering construction.”

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Employee Benefits

NOVEMBER 10, 2022

Animal health and nutritional brand business Tangerine Group has rewarded 57 of its employees with more than two years of service with an annual profit share bonus. Steve Collier, who has been an employee of the business for 22 years, added: “The profit share bonus is a fantastic incentive for us at Tangerine.

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Employee Benefits

FEBRUARY 22, 2023

Credit: sylv1rob1 / Shutterstock.com French fashion and design brand Hermès has announced that it will pay its 19,700 employees a bonus of €4,000 (£3,519) this year. billion (£3 billion) as the reason why in a position to pay all employees worldwide a bonus. Dumas cited the brand’s net profit reaching €3.4

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Employee Benefits

MARCH 10, 2022

The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay rise. The post John Lewis Partnership to pay 3% bonus and increase staff pay appeared first on Employee Benefits.

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Employee Benefits

JANUARY 10, 2023

Employee Benefits poll: Almost a third (32.5%) of organisations did not give their staff a Christmas party or a bonus last year, according to an online survey among Employee Benefits readers. of respondents hosted a festive party for their employees, and 20% gave their workforce a Christmas bonus. Meanwhile, 32.5%

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Employee Benefits

JUNE 1, 2023

Credit: DW labs Incorporated / Shutterstock.com Luxury fashion brand Valentino has signed a three-year results-based bonus agreement for employees in its Italian fashion business with trade unions Filctem Cgil, Femca Cisl and Uiltec Uil. The post Valentino agrees staff bonus deal and extends benefits appeared first on Employee Benefits.

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International Foundation of Employee Benefit Plans

NOVEMBER 21, 2023

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analyses on the latest benefit trends and compliance issues. Visit ifebp.org/benefitsmagazine to see the latest Benefits Magazine Extras as well as the bimonthly print edition.

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Employee Benefits

MARCH 16, 2023

Retailer John Lewis has announced that it will not be giving its employees a bonus for this year, after reporting a £234 million loss. The 2021/22 bonus was worth 3% of employees’ pay. The post John Lewis will not pay employee bonus after £234m loss appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 23, 2022

Global law firm Baker McKenzie is to pay its US associates end-of-year bonuses of up to $115,000 (£96,530) depending on seniority. The bonuses will start at $20,000 (£16,788) for those in the class of 2021 and increase up to $115,000 for its most senior associates. All fee earners are also eligible to receive a discretionary bonus.

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Employee Benefits

MARCH 10, 2023

Retention rates are at a low, with 65% of employees thinking that they can find a better position elsewhere. A great way to improve retention rates is through offering great employee benefits. Benefits, including fringe benefits and flexible benefits, provide an employee an extra reason to stay within a company.

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Employee Benefits

FEBRUARY 23, 2023

Book publishing business HarperCollins has reached an agreement with its US union, that includes a pay increase and bonus for employees. The post HarperCollins agrees to pay increase and bonus for US staff appeared first on Employee Benefits. Once ratified, the contract will extend through 31 December 2025.”

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Employee Benefits

DECEMBER 9, 2022

Declan Queally, a horse trainer in Ireland, was fined €4,000 (£3449.24) following an inspection of his stable yard and business, which found he had failed to pay necessary bonuses to staff under the Stable Employee Bonus Scheme. He argued that these errors were unintentional, stemming from a lack of understanding of the scheme.

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CorpStrat

JULY 20, 2022

A thorough employee benefit review is critical for every company, but particularly those that are considering entering and preparing for any M&A activity. Here’s a quick hit list of issues that should be reviewed and addressed: Have you benchmarked your Employee Benefits package against companies of similar size in your industry?

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Employee Benefits

JANUARY 27, 2022

Chief executives received an average bonus of £172,897 in the year to October 2021, data has shown, while entry level employees and routine task providers were awarded just £642 and £643 respectively. Conversely, there was a reduction in the number of employees receiving pay outs in the hotels; catering; and leisure sectors.

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Employee Benefits

JANUARY 7, 2022

The Merseyside-headquartered business said employees will get the bonus payment this month (January) following “strong” trading over Christmas. The post B&M awards bonus to 24,000 staff appeared first on Employee Benefits.

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Darwinbox

FEBRUARY 7, 2022

Employee bonuses are the most intuitive and quick way to show appreciation for work and reward employees for their efforts. It is also a way to keep the workforce engaged, motivated, and goal-driven.

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Employee Benefits

JUNE 29, 2023

From the best physical, mental, and financial wellbeing employee benefits to how to make them cost-neutral. We cover the ins and outs of employee benefits, why they matter to your people now more than ever, and what the workforce of tomorrow expects. What are Employee Benefits? Are they a perk of the job?

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Employee Benefits

SEPTEMBER 27, 2023

Hotel group The Eden Hotel Collection has enhanced its employee benefits offering to further support its 350 UK staff across all of its hotels. The post The Eden Hotel Collection enhances employee benefits package appeared first on Employee Benefits.

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HR Digest

NOVEMBER 10, 2022

Employee benefits are an important aspect of every successful organization. Understanding the different types of employee benefits will also help in deciding which ones are essential for your organization. For a start, insurance benefits are common, and deciding on which one to offer depends on your company’s ability.

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PeopleKeep

MARCH 29, 2021

However, for small employers, offering competitive employee benefits can seem like a balancing act between keeping employees happy and managing the costs associated with offering insurance—not to mention other expected perks like retirement savings accounts, paid time off, bonuses, and more.

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