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Cost of Living Bonuses for Employees in the UK: What Employers Need to Know

Empuls

Yet, behind the allure of cityscapes and rolling hills, there's a pressing concern that affects both employers and employees alike: the ever-evolving cost of living. What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? Here is why giving the cost of living bonus matters for employers.

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Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies.

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A third of employers did not celebrate Employee Appreciation Day

Employee Benefits

Last month, Employee Benefits reported that professional services recruitment firm Sellick Partnership gave its more than 100 employees a day off to mark Employee Appreciation Day (Friday 3 March). The post A third of employers did not celebrate Employee Appreciation Day appeared first on Employee Benefits. Meanwhile, 12.7%

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Mitie introduces ÂŁ10 million staff support package

Employee Benefits

Facilities management and professional services business Mitie has launched a ÂŁ10 million winter support package to help its workforce with the rising costs of living. The employer stated that it is focusing its support on those who need it most, with 40,000 of its lowest-paid employees set to benefit.

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EY to allow consultants to take time away from roles

Employee Benefits

Credit: JHVEPhoto / Shutterstock.com Professional services and accounting firm Ernst and Young (EY) is to allow its UK consultant employees to take time away from their roles. Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks.

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EXCLUSIVE: 80% see engagement as key for benefit strategies

Employee Benefits

Global professional services firm Aon’s Benefits and trends survey 2022 , which is in its 12th year, took into account the experiences of 253 HR, employee benefit and reward professionals from across the UK in a variety of sectors. They are expectant of flexibility and prepared to go it alone in the gig economy,” he said.

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Mitie reports 14.8% mean ethnicity pay gap

Employee Benefits

Facilities management and professional services firm Mitie has reported a mean ethnicity pay gap of 14.8% We continue to make solid progress against our equality, diversity and inclusion goals which support our aspiration to be the destination employer in the facilities management industry.” for 2022, an increase from 11.2%

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