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What actions can employers take to close the gender pensions gap?

Employee Benefits

More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. The Pensions (Extension of Automatic-Enrolment) (No. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. The Pensions (Extension of Automatic-Enrolment) (No.

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Top tips on how employers can reduce the gender pensions gap

Employee Benefits

Women need to be aware of the impact of career breaks and part-time working on their pensions, and how they may be able to mitigate the impact. Here are some practical tips for employers on how they can reduce the gender pensions gap. Perhaps decisive policy action is needed to address the pension gender divide.

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The benefits offered by Fox Agency

Employee Benefits

Benefits on offer at Fox Agency: Pension Salary sacrifice pension arrangement; employees are automatically enrolled after three months’ service. Educational lunch and learns focused on wellbeing. Enhanced parental leave, sick leave and bereavement leave. Life insurance. Free eye test voucher.

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Cummins signs menopause workplace pledge

Employee Benefits

Craig Thomas, executive director at Cummins Engine Company, said: “Educating ourselves and others about the impact of menopause on women’s health and wellbeing is a crucial step for employers to ensure women are fully supported and empowered in the workplace.

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EY to allow consultants to take time away from roles

Employee Benefits

An EY spokesperson said: “EY’s UK financial services consulting business is operating an Employee TimeOut initiative, offering its people four to 12 weeks of unpaid leave over the summer months.”

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Building Understanding Ahead of Open Enrollment Across Generations

PeopleStrategy

It starts with understanding your employees’ needs where they are in their lives and educating them on how you will meet their needs during open enrollment and beyond. Retirement Plans: Offer various retirement planning options, including 401(k)s, IRAs, and pension plans. And how each generation prefers to be educated varies.

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Closing the Gender Retirement Gap: How Financial Wellness Can Help

Best Money Moves

With little federal guidance, employees must depend on their employers’ leave policy. Parental leave policies typically give women substantially more time off than men, and for most women, their leave is unpaid. Pension plans often require a minimum salary or hours worked for pension payouts.