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. This year’s payment of 3% of employees’ salary equates to one-and-a-half week’s wages per employee. an hour outside London and £11.05 an hour in the capital.

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Bonuses Retail Salary Employee Benefits 102

Employee Benefits

JUNE 28, 2023

Insurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees. The scheme, which is provided by ElectriX, part of LV= General Insurance and CBVC Vehicle Management, is available to all employees.

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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 bonus is its annual share-out of profits, and all staff receive it as a percentage of their salary. The 2021/22 bonus was worth 3% of employees’ pay.

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Bonuses Retail Taxes Salary 59

Employee Benefits

FEBRUARY 2, 2022

for its retail staff. Applicable to all staff regardless of their age, these base hourly rates – which exclude bonuses – surpass the Living Wage Foundation’s real living wage of £9.90 The post Three UK gives pay rise to retail staff appeared first on Employee Benefits. nationwide and £11.40

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Employee Benefits

MARCH 14, 2024

We’re passionate about helping employees and businesses adopt healthier and more sustainable practices, and we’re using the Big Walk and Wheel Week to explore how you can make cycling more affordable and inclusive for all employees. As a salary deduction scheme, there are no NIC or tax savings for employers or employees.

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Deductions Deductible Retail Salary 105

Employee Benefits

APRIL 17, 2024

Credit: Andrey_Popov/Shutterstock Need to know: The cost-of-living crisis is forcing more employees to take on additional work due to financial pressures, raising concerns around burnout. Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help.

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Health and Welfare Overtime Management Bonuses 122

Employee Benefits

NOVEMBER 20, 2023

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.

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Retail Overtime Pension Benefits Package 105

Employee Benefits

NOVEMBER 29, 2022

Salaried staff have been given a 6% on average pay rise , which will come into effect as of January 2023. In addition, Ikea stated that every eligible employee will receive a bonus worth approximately one month’s salary before the end of the year, to recognise their contribution to the business’ performance over the past year.

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Retail Food Salary Bonuses 98

Employee Benefits

JANUARY 25, 2023

Group income protection employer-paid for all employees, subject to acceptance by the insurer. Two years paid at half salary at time of acceptance. Subject to regular checks that make sure the employee still qualifies. Life insurance for all employees with a death-in-service benefit of four-times salary.

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Pension Bonuses Voluntary Benefits Retail 105

Employee Benefits

NOVEMBER 23, 2022

Next month, workers earning up to £30,000 will be gifted a £50 e-voucher through MiDeals, which is Mitie’s internal deals portal, and can be used at more than 100 retailers including Boots, Asda, Tesco and Argos. In March, the organisation stated that it will gift free shares for all of its employees for the third year running.

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Bonuses Retail Professional Services Salary 105

Employee Benefits

APRIL 25, 2023

Credit: William Barton / Shutterstock.com Specialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 Store staff received an average salary increase of 6.7% Other benefits provided by Majestic include the chance to win incentive trips to wineries around the world.

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Retail Bonuses Salary Benefit Providers 59

Employee Benefits

JANUARY 23, 2023

Credit: steved_np3 / Shutterstock.com Retailer Carpetright has reported a mean gender pay gap for 2022 of 7%. This was less than the UK and retail averages of 13.9% Carpetright’s median pay gap was 5.5%, lower than the UK and retail averages of 14.9% respectively. respectively. Its mean bonus pay gap for 2022 was 37.7%

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Retail Bonuses Salary Recruitment 59

Employee Benefits

FEBRUARY 20, 2024

Boots and the Pharmacists’ Defence Association (PDA) Union have announced that trainee pharmacists at the retailer will receive a pay increase from 1 April. The post Boots to increase pay for trainee pharmacists appeared first on Employee Benefits.

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Retail Pension Bonuses Salary 59

Employee Benefits

MARCH 21, 2023

Technology retailer Currys has awarded its 10,000 hourly store employees a pay rise , the fourth in 18 months, with rates increasing from £10.35 With average hourly bonuses added on, pay will rise to £11.39 This latest increase means that we are one of the highest paying retailers in the UK. “I per hour to £10.50

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Retail Bonuses Pension Finance 59

Business Management Daily

AUGUST 26, 2019

They’re making even low-level retail and restaurant staff eligible—even part-timers. Example: Fast-casual eatery Chipotle has started a new bonus program for hourly employees that can add up to a month’s worth of extra pay over a full year. The plan is available for all employees, including part-time workers. Spot bonuses: 51%.

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Bonuses Overtime Retail Recruitment 45

Empuls

MAY 25, 2023

Companies must go beyond traditional compensation packages and delve into the realm of comprehensive employee benefits to secure the loyalty and commitment of their employees. 🔖 Suggested Read: How to Design an Employee Benefits Program Effectively 1.

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Employee Benefits Parental Leave Paid Leave Retail 40

Employee Benefits

MARCH 2, 2023

What if there was a product on the market that stretches salaries further, provides household support for your employees through cashback earnings and acts as the mechanism for issuing cash rewards and bonuses? It’s powered by Visa and allows you and your people to earn up to 15% cashback at participating retailers.

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Retail Bonuses Salary Employee Benefits 52

Employee Benefits

MARCH 6, 2023

Kinleigh Folkard and Hayward’s managing director Lee Watts announced the bonus to employees at the firm’s annual awards evening. The post Kinleigh Folkard and Hayward gives staff one-off cost-of-living payment appeared first on Employee Benefits. The total amount awarded to the workforce was £700,000.

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Bonuses Commissions Benefit Providers Retail 59

Employee Benefits

MARCH 6, 2024

The strategy needs to be carefully thought through so that employees on lower pay rates do not feel they are taking the brunt of tighter budgets, says Matthew Gregson, executive director at Howden Employee Benefits and Wellbeing. Bonuses are another option for employers with tight pay budgets.

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Bonuses Life Insurance Insurance Payroll 64

Employee Benefits

APRIL 5, 2023

Convenience store business A G Parfett and Sons has awarded its salaried workers a 7.5% The Greater Manchester-based employer, which employs around 850 members of staff, has also given its weekly-paid employees an increase of 9.6% pay rise appeared first on Employee Benefits. to their hourly rates.

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Bonuses Retail Salary Employee Benefits 59

Employee Benefits

JANUARY 16, 2023

In 2022, London-based law firm Shoosmiths not only gave its employees a discretionary thank you payment equal to 3% of their salary in May, but also awarded them a £1,000 cost-of-living payment in September. We have a target to pay all employees 5% of their basic salary for the financial year in question.

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Salary Retail Bonuses Government 69

Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

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Employee Benefits

FEBRUARY 23, 2023

million) in wage increases for its frontline hourly employees, raising its starting salary in every US market to or above $15 (£12.47) per hour. The post Home Depot raises starting wage to $15 per hour minimum appeared first on Employee Benefits.

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401(k) Parental Leave Electronics Retail 59

Employee Benefits

MAY 2, 2023

More than 160 employees, who are members of trade union Unite, rejected a pay offer which included a 6% increase and a one-off lump sum of £1,300. The union noted that this increase was below retail price index (RPI) inflation , which rose by 13.4% in the 12 months to February 2023.

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Pharmaceutical Manufacturing Bonuses Engineering 59

Employee Benefits

DECEMBER 15, 2021

Group income protection for all employees, employer paid. Life assurance at four times annual salary. Critical illness insurance, employee funded. Private medical insurance (PMI) for all employees, employer paid at employee-level cover. Other benefits. Retail discounts via Reward Gateway. Group risk.

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Pension Transportation Retail Insurance 59

Enjoy Benefits

APRIL 17, 2023

However, while we make it simple to acquire services from us to reward and recognise staff, there is more to employee benefits than that. It’s important to understand what employees want from their organisations and from their staff benefits. Trust us when we say that your staff will notice the difference.

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Bonuses Retail Medical Taxes 52

Employee Benefits

JANUARY 20, 2023

If you find a supplier that offers a platform to house all your benefits, then this can help to make your employee incentive schemes easy to access for your employees and easy for you to manage as the employer. Providing employee benefits that fit your employees’ needs and wants can help them feel heard and supported.

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Employee Incentives Retail Bonuses Employee Benefits 52

CorpStrat

JANUARY 27, 2023

Salary Hikes The reality of the current labor market is that there are more open jobs than people to fill them, and inflation is impacting employees’ pay expectations. As a result, salary budgets for American employees are projected to increase in 2023. retail, hospitality, manufacturing and health care).

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Salary Payroll Manufacturing Commissions 52

Higginbotham

MAY 3, 2024

Through initiatives such as “20 percent time,” employees may allocate part of their work week to personal projects that are unrelated to their primary responsibilities, which can encourage workers to take ownership and make decisions independently. In fact, Wegman’s ranked number one on the Fortune Best Workplaces in Retail list in 2023.

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Retirement Plan Retail Parental Leave Recruitment 52

Empuls

SEPTEMBER 20, 2021

Rewarding your employees will boost their confidence but differentiating between the various types of reward categories will give them a ‘sense of purpose,’ making them brand ambassadors of your organization. "A ’ What are benefits? What are perks?

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Paid Vacation Paid Leave 401(k) Bonuses 52

Workplace Insight

JULY 3, 2023

Faced with declining real incomes and mounting expenses, almost half (46 percent) of respondents have taken on additional hours at work, one in five (19 percent) now has a second job for extra income, and one in three (34 percent) has been actively job hunting for a higher salaried role.

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Food Life Insurance Insurance Pension 52

Business Management Daily

DECEMBER 6, 2021

Retail and food workers who were hailed as heroes and paid higher wages at the start of the pandemic don’t want to go back to minimum wage. Consider offering long-term remote or hybrid work arrangements for employees that prefer telecommuting. Improve employee benefits offerings. Employee recognition.

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cipHR

JUNE 29, 2023

Faced with declining real incomes and mounting expenses, almost half (46%) of respondents have taken on additional hours at work, one in five (19%) now has a second job for extra income, and one in three (34%) has been actively job hunting for a higher salaried role.

Food 52

Food Payroll Bonuses Insurance 52

Empuls

SEPTEMBER 29, 2023

Employee turnover is not just a human resources concern; it's a financial burden too. The Center for American Progress estimates that the cost of replacing an employee can range from 16% to 213% of their annual salary. As a result, they've seen higher employee satisfaction rates and decreased turnover.

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Telecommunication Benefits Package Salary Bonuses 40

Empuls

OCTOBER 19, 2021

In April 2015, when the story broke about Gravity Payments CEO Dan Price taking a pay cut to raise his staff's salary to $70,000 a year and reward them for their hard work, the internet was divided. Heavily ridiculed, the young CEO stuck to his guns and cut his salary of $1.1 Opinions ranged from disbelief to disdain.

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