Employee Benefits
APRIL 29, 2024
Almost half (48%) of HR leaders said they have seen a poor uptake of employee benefits because employees do not seem interested in what is on offer, according to new research from Nous.co. One-fifth (20%) admitted that there was either a lack of onboarding for employee benefits initiatives, or onboarding was inadequate.
Employee Benefits
MARCH 11, 2024
The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market. The deal, which was intended to match inflation , was accepted by the trade union that represents the bank’s employees.
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Employee Benefits
MARCH 7, 2024
A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5%
Employee Benefits
JANUARY 18, 2022
There are a number of reasons for this: their salary is often higher than earlier in their career, mortgage payments are probably less onerous and children may be grown up and no longer financially dependent. A different source of financial stress affects older employees: preparing for their life after work.
Employee Benefits
JULY 24, 2023
A central government-demanded review of TFL’s pension arrangements, which is a condition of the 1 June 2021 £1.1 billion funding agreement made by the government for TFL, suggested that the value of members’ pensions would be cut and a final salary scheme ended in return for pandemic-recovery funding.
Employee Benefits
FEBRUARY 17, 2023
Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it. For example*, if someone aged 45 has a pension fund of £400,000 and a salary of £50,000, saves 5% of their salary into their pension which rises by 3% p.a appeared first on Employee Benefits.
Employee Benefits
JANUARY 21, 2022
Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it. For example*, if someone aged 45 has a pension fund of £400,000 and a salary of £50,000, saves 5% of their salary into their pension which rises by 3% p.a For more information, visit www.wealthatwork.co.uk.
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