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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.

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Mitie introduces £10 million staff support package

Employee Benefits

Facilities management and professional services business Mitie has launched a £10 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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PWC reports sexual orientation pay gap data for first time

Employee Benefits

Professional services firm PricewaterhouseCoopers (PWC) has revealed that its UK 2022 mean gender pay gap was 8%, down from 9.4% in 2021, and has published its sexual orientation pay gap data for the first time. The firm’s 2022 median gender pay gap decreased slightly to 5.9% PWC’s mean sexual orientation bonus gap was 17.8%

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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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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% for 2022, an increase from 11.2% Its median ethnicity pay gap was 1.1%, down from 2.8% the prior year. Mitie’s lowest pay quartile was made up of 49% white and 24.1% white and 12.9% ethnically diverse staff. female and 53.7%

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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.

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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. It’s being used more for incentive schemes than to replace salary or bonuses,” she explains.