article thumbnail

Ikea awards pay increases and year-end bonuses to UK staff

Employee Benefits

Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment. The post Ikea awards pay increases and year-end bonuses to UK staff appeared first on Employee Benefits.

Bonuses 59
article thumbnail

Employee bonus programs: What’s right for your company?

Insperity

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. How employers benefit.

Bonuses 103
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 ways to boost teamwork at your organization

Achievers

A team-centered culture where everyone feels like they belong boosts alignment with your company vision and values, keeping everyone in sync as they work together towards a common goal. Some are driven by a set of core values and a vision for the future they find compelling. Establish a vision and values employees buy into.

Health 190
article thumbnail

Lloyds Banking Group reports 5.7% mean ethnicity pay gap

Employee Benefits

No bonuses were awarded for the 2020 performance year, which would have been paid during 2021. Holding ourselves to account by measuring our progress in gender and ethnic diversity and publishing our pay gaps is an important part of maintaining momentum towards achieving this vision.” Its mean gender bonus gap was 54.9%, up 3.5%

Banking 59
article thumbnail

American Workers Are Burned Out; Employers Can Help

InterWest Insurance Services

Offer creative bonuses — Offer cash bonuses for exceptional work efforts. If you can’t afford to pay your employees cash bonuses, you can consider something like morning or afternoon off, vacation vouchers, gym memberships and free lunches, to name a few. Premiums for many of these benefits are quite affordable.

article thumbnail

Blueboard, the Employee Rewards and Recognition Platform Shuts Down

Empuls

  Unlike traditional cash bonuses or generic gift cards, Blueboard's experiential rewards truly resonate with employees, fostering a sense of appreciation and building genuine connections. million, underscores investor confidence in Blueboard's vision and potential. They raised a notable $9.3

Bonuses 52
article thumbnail

Linklaters reports 5.1% mean ethnicity pay gap

Employee Benefits

Aedamar Comiskey, senior partner at Linklaters, said: “Being a leader in diversity sits at the heart of our vision and strategy. The employer’s median ethnicity pay gap moved from -27.2% Its mean ethnicity bonus gap slightly narrowed, from 22.9% in 2021 to 22.6% in 2022, and its median ethnicity bonus gap widened from -11.5% last year.

Bonuses 59