Employee Benefits

NOVEMBER 23, 2022

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 business’ winter support package initiative for January will be a one-off bonus of up to £125.

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Employee Benefits

NOVEMBER 13, 2023

One in four (28%) employers plan to increase wages in the next 12 months to reduce the impact of the cost-of-living on employees, and 11% plan to give bonuses, allowances or lump sums to cover increased living costs.

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Employee Benefits

MARCH 6, 2024

Rocketing inflation and the cost-of-living crisis have put pay firmly in the spotlight. Analysis by the Living Wage Foundation, Employee jobs paid below the real living wage 2023, published in February 2024, found that 3.7 million UK jobs paid below the real living wage in April 2023. Fairness is also essential.

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Employee Benefits

MARCH 10, 2022

The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay rise. The retailer has also committed to paying all staff on lower pay grades the voluntary real living wage , which is set at £9.90 an hour outside London and £11.05

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Bonuses Retail Salary Employee Benefits 102

Employee Benefits

FEBRUARY 23, 2024

The top 10 most-read articles on employeebenefits.co.uk for 2023 The post The top 10 most-read articles between 16 – 22 February 2024 appeared first on Employee Benefits. The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

MARCH 2, 2023

Two-thirds (66%) of senior business leaders agree that employers have a substantial role to play in supporting staff through the rising cost of living , and 40% have introduced support measures since the start of 2022, according to research by the Work Foundation at Lancaster University.

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Employment Bonuses Employee Benefits 93

Employee Benefits

FEBRUARY 15, 2023

People make a real choice now about what kind of [business] they want to work for, and when that’s added that to the cost-of-living issues, they’re looking for great pay , and the wider benefits package is becoming more and more important.” This included bonuses in January 2023 which were weighted towards the lower paid.

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Employee Benefits

FEBRUARY 14, 2023

Greg Guilford, CEO of HR Solutions, part of WorkNest, said: “It’s positive to see that employers are minimising the impact of the cost of living crisis on employees; however, there is still a gap between the rising costs and employees’ salaries. Growth in total pay , including bonuses, was 5.9% on average. on average.

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Employee Benefits

DECEMBER 5, 2022

Hourly-paid employees are subject to a separate parental leave agreement, amounting to six weeks at full pay and a £500 bonus for mothers, and a top up of the two week statutory leave and £500 bonus for fathers. In September, Itsu gave staff a 13% pay increase in order to help them cope with the rising cost of living.

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Parental Leave Paid Leave Bonuses Benefits Package 105

Employee Benefits

JUNE 27, 2023

Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations. This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus. In March, Parfetts announced a 7.5%

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Employee Benefits

JUNE 22, 2023

The cost-of-living crisis led to one-third paying a lump sum to support employees in 2022, paying a median amount of £750. Fewer employers are set to offer a lump-sum payment, and those that are will offer a lower amount; this indicates hope that the cost-of-living crisis will start to abate over the next few months.

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Employment Bonuses Consulting Employee Benefits 109

Business Management Daily

APRIL 16, 2024

It’s not just a bonus, either. As such, employers must do everything they can to attract and retain high-performing employees, and issuing regular merit increases is one of the best ways to do so. A merit increase or merit raise refers to a pay increase based on an employee’s performance. Why is that?

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Employee Benefits

MARCH 14, 2024

Many businesses offer them because they can be free to implement, and there’s the added bonus of the Cycle to Work savings. Mental ill health is responsible for 67% of long-term sickness absences and costs the UK economy at least £117.9 Every penny counts, especially during the current cost-of-living crisis.

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Employee Benefits

JANUARY 4, 2024

Ovo’s mean gender bonus gap for 2023 was 33.6%, down 1.7% from 2022, while its median bonus gap was 71.6%, up 70.6% from 2022, while 98% of women and men received a bonus. from 2022, while 98% of women and men received a bonus. from the previous year. In 2023, the median pay for men was 12.1% from 2022.

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Employee Benefits

MARCH 16, 2023

Retailer John Lewis has announced that it will not be giving its employees a bonus for this year, after reporting a £234 million loss. The bonus is its annual share-out of profits, and all staff receive it as a percentage of their salary. The 2021/22 bonus was worth 3% of employees’ pay.

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Employee Benefits

JANUARY 17, 2024

Mental resilience was a hot topic at the start of 2023, but as the cost-of-living crisis took hold, the focus shifted to employee financial wellbeing and financial resilience. Financial anxiety – money worries – cost the UK economy £120bn and 17.5 Resilience. So, what exactly does it mean? Think big picture!

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Employee Benefits

NOVEMBER 30, 2023

Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%. The group’s global annual performance-driven bonus programme rewards employees when they meet or exceed specific business goals.

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Employee Benefits

MARCH 6, 2023

The property services group, which has more than 60 branches across London and 10 business divisions, handed out the discretionary payment in order to help its staff manage the ongoing cost-of-living crisis. Kinleigh Folkard and Hayward’s managing director Lee Watts announced the bonus to employees at the firm’s annual awards evening.

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Employee Benefits

DECEMBER 6, 2022

Publishing business Hachette UK has increased starting salaries and holiday benefits, and awarded staff a performance-related bonus and a cost-of-living payment. Due to come into effect in January, UK and Ireland publishing and distribution employees have been given a non-consolidated £1,000 cost-of-living payment.

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Bonuses Salary Employee Benefits IT 72

Employee Benefits

NOVEMBER 10, 2023

But, at a time when the cost-of-living crisis means money is tight for many, and peoples’ lives seem to be busier than ever, what do employees really want from their employer over the festive season? Now that Halloween and Guy Fawkes celebrations have passed, my thoughts have inevitably turned to Christmas.

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IT Bonuses Recruitment Technology 105

Employee Benefits

JANUARY 17, 2023

would usually be reported as phenomenal, but with prices rising by 10.7%, this still represents a real-terms pay cut, plunging the cost-of-living crisis to new depths. would usually be reported as phenomenal, but with prices rising by 10.7%, this still represents a real-terms pay cut, plunging the cost-of-living crisis to new depths.

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Employee Benefits

AUGUST 7, 2023

The Covid-19 pandemic and cost-of-living crisis have meant that graduates are also looking for wellbeing and financial benefits. This group value their lives outside of work and are more driven by their own and their employer’s mission than by profits. Many walk away from a job if the pay doesn’t meet their minimum standards.”

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Employee Benefits

FEBRUARY 5, 2024

In 2020, around 600,000 workers called in sick on that ‘one day’, costing the UK economy almost £45 million in lost revenue! In 2020, around 600,000 workers called in sick on that ‘one day’, costing the UK economy almost £45 million in lost revenue! So, why is the cost-of-living crisis also implicated? in 2019 to 7.8

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IT Retail Banking Bonuses 98

Employee Benefits

NOVEMBER 29, 2022

Ikea has invested £12 million in a pay increase and wellbeing support package, in order to help its UK and Ireland during the cost-of-living crisis. Salaried staff have been given a 6% on average pay rise , which will come into effect as of January 2023. This year is no different.

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Employee Benefits

FEBRUARY 26, 2024

It’s more cost-effective to invest in employee retention strategies than it is to attract, onboard and train new starts. Employee turnover 64% of employers consider the cost of recruiting fresh skills to be a considerable financial risk over the next two years. Recruiting fresh talent is expensive, eating into business profits.

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Employee Benefits

MARCH 8, 2023

Many employees have become reliant on not having to travel into work, or deal with the costs associated with it. As the cost-of-living crisis rages on, many are struggling to account for the return of this additional cost. The living wage should be paid in every case.

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Employee Benefits

NOVEMBER 10, 2022

Animal health and nutritional brand business Tangerine Group has rewarded 57 of its employees with more than two years of service with an annual profit share bonus. The staff have shared a £400,000 bonus pot, with those who have been with the organisation the longest receiving up to £10,000 in their most recent pay check.

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Employee Benefits

OCTOBER 25, 2023

Meanwhile, its range of financial-based bonus schemes differ depending on job roles, with some paid annually based on agreed key performance indicators (KPIs) and the firm’s performance, and others paid quarterly based on KPIs and attendance. The firm also promotes voluntary benefits during an induction for new joiners.

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Employee Benefits

JANUARY 11, 2023

It’s all you hear on the news, ‘the Cost of Living Crisis’— a time of sky-high interest rates, food prices, and surreal energy bills. Gloomy January days and the cost of living crisis could impact your employee’s wellbeing. If you can offer a cost of living bonus, this can help cover those heightened food and gas prices.

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Employee Benefits

FEBRUARY 15, 2023

The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term. The ongoing cost-of-living crisis is a subject on every employer and employee’s minds at the moment, and which looks set to dominate agendas in 2023.

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Employee Benefits

JANUARY 19, 2023

Almost one in five (19%) workers say they plan to leave their current job for one offering a higher salary if the cost of living crisis continues or gets worse. Financial pressures have impacted both individuals and businesses over the past year as we all try to cope with rising prices – from energy to food to fuel.

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Sodexo Engage

OCTOBER 13, 2022

Making your employee Christmas gift and reward strategy as diverse and unique as the people you employ is easier and more cost-effective than you may believe. As a bonus, you can incorporate all the products featured in this blog into your business’s continuous reward and recognition strategy instead of solely using them for Christmas.

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Employee Benefits

APRIL 5, 2023

pay rise to help with the rising cost of living. With the rising cost of business, retailers are having a tough time, and we are doing everything we can to help them maintain their margins. Convenience store business A G Parfett and Sons has awarded its salaried workers a 7.5% to their hourly rates.

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Employee Benefits

JULY 24, 2023

Cartwright, the pension specialist for defined benefit and hybrid schemes, has given each of its employees a one-off cost-of-living payment of up to £2,000. This extra financial support builds on its cost-of-living support approach last summer, where all staff received £1,000 to help ease the financial impact.

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Employee Benefits

APRIL 21, 2023

Lush Cosmetics has increased pay for its UK employees by more than 10% as of this month in order to pay its workforce a living wage. This brings the business’ UK pay in line with the rate set by the Living Wage Foundation, which is based on the true cost of living and is higher than the national living wage of £10.18

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Business Management Daily

APRIL 29, 2024

They have to keep costs low while making sure employees have access to the full value of the benefit. HMO plans often have lower premiums and out-of-pocket costs compared to other plans. PPO plans usually have higher premiums and out-of-pocket costs compared to HMO plans. People want more.

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Employee Benefits

MARCH 2, 2023

Food and beverage business Pret A Manger has announced that its 7,870 UK shop employees will receive a pay rise in April, to support them with the rising cost of living. per hour with the mystery shopper bonus, which sees eligible staff receive an extra £1.25 per hour with the mystery shopper bonus. and £11.55 and £11.90

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Food Bonuses Benefits Package Employee Benefits 59