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Greggs to share £17.6 million bonus among staff

Employee Benefits

This will include the impact of the 10% national living wage increase and enhancement of its pension benefits, with staff now able to access up to 6% employer contributions. Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. The post Greggs to share £17.6

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Tangerine Group rewards staff with profit share bonus

Employee Benefits

More than 80% of its profits will be reinvested back into the business to support product innovation, overseas expansion and significant upgrades in its manufacturing facilities. 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.

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Rolls-Royce reports 1.6% mean gender pay gap

Employee Benefits

Vehicle manufacturer Rolls-Royce has published its 2022 UK gender pay gap report, with its mean gender pay gap standing at 1.6%, a decrease from 3.2% Its median gender pay gap for 2022 was 3.6%, down from 4.8% the prior year, while its mean gender hourly pay gap was 0.8% and its median gender hourly pay gap was 2.1%. For 2022, 97.6%

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BAE Systems reports 8.6% mean gender pay gap

Employee Benefits

Tania Gandamihardja, group human resources director at BAE Systems, said: “At BAE Systems we want to be recognised as the leading employer in the defence and security sector for valuing diversity and inclusion , and aspire for 30% of our UK workforce to be made up of women by 2030. in 2021 and down slightly from 20.6% A total of 90.3%

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Jerba Campervans values individual contribution to business success

Employee Benefits

Manufacturer of Volkswagen campervans Jerba Campervans, which employs 15 members of staff, chooses to recognise its workforce as a whole rather than as individuals or teams. The key way we recognise and reward contributions from everybody is through the EOT financial bonuses. At Jerba, we’re all in this together,” he says.

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Kingspan Water and Energy staff strike over pay

Employee Benefits

Schneider / Shutterstock.com Staff at fuel and water tank manufacturing firm Kingspan Water and Energy commenced strike action today (Monday 20 March) at its Northern Ireland factory, in a dispute over pay. Almost all (99%) of the Portadown factory employees voted for strike action, with a 91% turnout.

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Today’s Top Compensation Trends

CorpStrat

More than ever, compensation is top of mind for employers and employees alike. Today, workers can demand higher pay and better benefits as many employers face a worker shortage and struggle with employee attraction and retention. On top of that, both employers and employees are feeling the financial strain of record-high inflation.

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