article thumbnail

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

Empuls

What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? In this blog you’ll learn about the intricacies of cost of living bonuses, understanding their significance, and uncovering the key factors that shape them. But before getting started let's uncover the basics.

Bonuses 40
article thumbnail

New poll reveals the benefits and perks that employees value most

cipHR

For over two-thirds (67%) of the 1,001 people polled, sick pay is the employee benefit that they value most, followed by flexible working hours (57%) and pension contribution matching (46%) – where employers offer to match employees’ pension payments on top of the minimum auto-enrolment requirements. Pension contribution matching (3).

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to engage staff with a total reward offering

Employee Benefits

A total reward offering will typically include salary, bonuses, pensions, healthcare and wellbeing initiatives, additional holidays, flexible working policies , career prospects and training funds, all packaged in one proposition. Staying on trend with current issues.

Finance 111
article thumbnail

Two in five employees are working extra hours as cost-of-living crisis bites

cipHR

One in six (17%) has made further ‘savings’ by cutting back (or cancelling) their personal insurance cover, such as income protection, life insurance, and medical or dental insurance, and one in seven (14%) has reduced their pension contributions – decisions which may prove to have costly consequences in the future.

Food 52
article thumbnail

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

Payroll 52
article thumbnail

What are Total Rewards: Here’s A Holistic View

Empuls

Employee total rewards are a combination of benefits, compensation, and rewards that employees receive from their organizations, including wages and bonuses, rewards, performance recognition, workplace flexibility, career opportunities, etc. But don’t get too used to it because bonuses are not a regular offering. Variable pay.

Bonuses 52
article thumbnail

How Gender Pay Gap Affects Your Business

Vantage Circle

As a result, it reduces women’s lifetime earnings and also affects their pensions - one of the main causes of poverty that women face in their later life. For whatsoever reasons, gender inequality has been a hot topic in the media. She was involved with media relations before shifting her interest in research and creative writing.

Salary 52