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Ingka Group to pay out €311 million performance-based bonus

Employee Benefits

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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XPS Pensions Group accredited as menopause-friendly employer

Employee Benefits

Pension consulting and administration business XPS Pensions Group has been awarded menopause-friendly accreditation ahead of World Menopause Day (18 October). Ben Bramhall, co-chief executive officer at XPS Pensions Group, said: “We are delighted to have achieved accreditation as a menopause friendly employer.

Pension 59
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B and Q and Screwfix give retail staff pay rise

Employee Benefits

Home improvement retailers B and Q and Screwfix, both owned by Kingfisher, have announced that shop floor workers will receive a pay rise to £10.60 Branch, assistant store and trading sales managers are all eligible for bonuses. The post B and Q and Screwfix give retail staff pay rise appeared first on Employee Benefits.

Retail 59
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Eurochange rolls out employee wellbeing support

Employee Benefits

Eurochange’s employees across its head office and 200 UK branches can now access a range of personalised resources, provided by retail industry charity Retail Trust, to support their wellbeing. Employees can also complete a short happiness assessment and receive a free action plan to help them feel happier.

Retail 59
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Currys increases salary for 10,000 staff and boosts minimum pay rates

Employee Benefits

Credit: bennphoto / Shutterstock.com Retailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay. per hour, while its top-performing employees can earn on £13.95 per hour, while its top-performing employees can earn on £13.95 This investment represents a 9.5%

Salary 59
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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

The TRS outlines what employee benefits have been on offer for the past 12 months. Examples of these are our Tusker car initiative, which now has 250 users, and presenting available retail discounts just before Christmas as a timely reminder. Offering choice is key,” he concludes.

Retail 105
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The benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer.

Pension 105