Employee Benefits

APRIL 29, 2024

The most popular benefits currently being offered by the employers surveyed included flexible working, enhanced pension benefits, enhanced holiday leave, healthcare and or dental care, and free food or drink in the workplace. But clearly something is wrong when this many HR leaders admit their benefits aren’t working.

Pension Benefit 64

Pension Benefit Pension Food Healthcare 64

Employee Benefits

MARCH 7, 2024

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% This will include the impact of the 10% national living wage increase and enhancement of its pension benefits, with staff now able to access up to 6% employer contributions.

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 59

Business Management Daily

MARCH 14, 2022

Discrimination occurs when age is used as a factor in employment decisions such as hiring, promotions, and terminations. Under the Age Discrimination in Employment Act of 1967 (ADEA), employers with 20 or more workers cannot engage in personnel practices that discriminate against employees or applicants that are 40 years of age or older.

Employment 52

Employment Government Pension Benefit Salary 52

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 gradual transition from full time employment to something that may eventually lead to outright retirement.

Pension 141

Pension Pension Benefit Finance Salary 141

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.

Pension 52

Pension Pension Benefit Transportation Government 52

Employee Benefits

FEBRUARY 17, 2023

This is particularly the case where employees are making healthy contributions to their pension scheme and perhaps receiving matching employer contributions. Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it.

Pension 104

Pension Taxes Pension Benefit Salary 104

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

Pension 52

Pension Taxes Pension Benefit Education 52