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Department of Work and Pensions reports 5.9% mean gender pay gap

Employee Benefits

The Department of Work and Pensions (DWP) has reported a mean gender pay gap for 2022 of 5.9%. The government department’s mean gender pay gap , increased by a 1.7 We also offer shared parental leave to provide parents with more flexibility in how to share time off work after their child is born or placed for adoption.

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The top 10 most-read articles between 10 – 16 March 2023

Employee Benefits

The top 10 most-read articles on www.employeebenefits.co.uk The top 10 most-read articles on www.employeebenefits.co.uk

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Pension Plans A pension plan is a benefit for employees. Pension plans provide a predictable retirement income based on a predetermined formula considering the final salary and years of service. Traditional pension plans have become less popular in the private sector due to cost concerns and changing times.

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Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. 401(k) plans, pensions, and employer contributions to retirement accounts are increasingly important to young workers. People want more.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

These benefits can come in various forms, such as health insurance, retirement plans, paid time off, bonuses, employee discounts, tuition reimbursement, and more. This can include employee of the month programs, bonuses, or other forms of recognition. Netflix Netflix is another company that is known for its generous employee benefits.

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Majority of UK job roles still pay men more than women

cipHR

And, over the course of a career, it will impact many women’s lifetime earnings and may well have repercussions on their pension savings. Over a year, this could easily add up to a gender pay difference of several thousand pounds (or more, depending on base salary). million people (4.9

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What will the top reward trends be in 2023?

Employee Benefits

Events impacting pay, financial wellbeing and pensions. In terms of pensions, employers will be looking at how to position them to staff without a disposable income and how they can use their budget to support staff with retirement benefits if they cannot put it towards pay.”. The cost-of-living payments that we’ve seen will continue.

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