Money Talk

DECEMBER 22, 2021

For example, the Consumer Price Index (CPI) measures changes paid by consumers for frequently-purchased retail goods and services. Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans.

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401(k) Pension Taxes Deductions 226

Employee Benefits

NOVEMBER 6, 2023

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Additionally, half (50%) say they would consider not working for an employer with harmful practices. Employers can help too by offering on-site charging facilities.”

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Pension Transportation Consulting Government 105

Employee Benefits

FEBRUARY 19, 2024

Benefits on offer at FitFlop in the UK: Pension Group personal pension (GPP) plan offered via salary sacrifice arrangement for all employees, with 4.5% contributions from both employee and employer. Employee assistance programmes (EAPs), employer paid. Sanctus coaching, employer paid.

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Pension Deductions Deductible Retail 59

Employee Benefits

MARCH 5, 2024

Credit: bennphoto / Shutterstock.com Retailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay. The retailer has additionally increased minimum pay rates , which will rise to £11.50 Its store-based workers will now earn an average of £12.33 per hour in London.

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Salary Take Home Pay Retail Bonuses 59

Employee Benefits

FEBRUARY 12, 2024

From April 2024, 16,500 employees at the home improvement retailer will get an extra 90p per hour, worth over £1,700 more a year for a full-time employee. This increase means our minimum hourly rate has increased by over 27% in the last 3 years and is currently the highest of any major UK retailer. “We per hour.

Retail 59

Retail Entertainment Pension Employee Benefits 59

Employee Benefits

NOVEMBER 20, 2023

The evidence of the impact on engagement, attraction and retention is in the employer’s turnover rate, which is lower than the UK average, proving that it is a worthwhile initiative for it to do each year. The TRS outlines what employee benefits have been on offer for the past 12 months. Offering choice is key,” he concludes.

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Retail Overtime Pension Benefits Package 105

Employee Benefits

APRIL 10, 2024

But, with many sectors experiencing difficulties recruiting, employers are looking to broader benefits packages to attract and motivate the right people. Employers must do more to attract and incentivise their seasonal workers.” This also makes it easier to determine what they would value from their employment.”

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Benefits Package Retail Hospitality Manufacturing 59

Employee Benefits

OCTOBER 11, 2023

They will also be eligible for compassionate and parental leave that includes providing a lump sum to cover time off if they welcome a new family member or lose a loved one, and discounts on food and groceries, fuel, technology and utilities at well-known retailers.

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Parental Leave IT Pension Retail 105

Employee Benefits

NOVEMBER 28, 2023

The benefits offered by Northwood Hygiene Products include: Pension Two group personal pension (GPP) schemes, with employee contribution rates of either 4% or 5%, and employer contribution of 5% or 4%. Healthcare and wellbeing Private medical insurance (PMI) for certain employee groups, employer paid. Online GP service.

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Voluntary Benefits Pension Retail Banking 52

Employee Benefits

MARCH 15, 2024

The nurseries will receive additional funds through offset NICs from the employer, and parents get a say on how these are spent at a meeting every six months with the nursery and WorkPlace Nursery representative. The post FitFlop introduces salary sacrifice nursery scheme appeared first on Employee Benefits.

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Salary Gross Pay Global Payroll Pension 59

Employee Benefits

APRIL 3, 2023

Pension and group risk Trust-based defined contribution pension with 12% employer, 3% employee minimum contributions. Health screening for all employees, employer-paid. Employer-paid, but employee can fund up to 10% if it means added affordability, for example a tax efficient electric vehicle. Occupational health.

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Pension Salary Retail Work From Home 105

Employee Benefits

FEBRUARY 20, 2024

Boots and the Pharmacists’ Defence Association (PDA) Union have announced that trainee pharmacists at the retailer will receive a pay increase from 1 April. Boots [is] acting responsibly to have recognised this and the PDA welcomes that [it is] now paying in excess of that.

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Retail Pension Bonuses Salary 59

Employee Benefits

AUGUST 9, 2023

Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees. As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.

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Pension Retirement Plan Education Benefit Providers 98

Employee Benefits

FEBRUARY 27, 2023

The benefits offered by the Eden Hotel Collection: Pension Group personal pension for all employees, with a 5% employee and 3% employer contribution. Employee assistance programme (EAP) for all employees, employer-paid. Private medical insurance for management level staff, employer-paid. Discount retail platform.

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Pension Food Retail Healthcare 59

Employee Benefits

NOVEMBER 30, 2022

Benefits offered by Central Co-op: Pension and group risk. A group personal pension for all employees, with varying contribution levels. Life assurance, funded by the employer. Employee assistance programme, employer paid. Retail discount scheme. Healthcare and wellbeing. Health cash plan, funded by the employee.

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Pension Retail Healthcare Employee Benefits 59

Employee Benefits

OCTOBER 10, 2023

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has announced that it will increase its minimum salary for frontline operations employees as part of a £170 million investment as of 15 October. According to the retailer, the increases mean its minimum starting pay will have risen by 20% in two years, and 50% since 2018.

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Retail Pension Benefits Package Comprehensive Benefits 59

Employee Benefits

SEPTEMBER 27, 2023

The benefits offered by Nominet: Pensions A group personal pension (GPP) scheme for all employees. Healthcare and wellbeing Private medical insurance (PMI) for all employees, employer funded. Employer funded, but employees can opt for a higher level of cover at personal cost. Health screening.

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Parental Leave Voluntary Benefits Pension Retail 59

Employee Benefits

OCTOBER 12, 2023

The scheme allows staff to apply for a flexi-voucher which can be used to buy a bike or cycling equipment from different retailers over the course of a year, without having to purchase everything at once.

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Gross Pay Retail Life Insurance Pension 52

Employee Benefits

FEBRUARY 15, 2024

Costa Coffee will increase pay for more than 15,000 employees in its 1,500 UK employer-owned stores from 1 April. The starting rate will rise to £12 per hour from £10.70 for baristas, which is a 9% increase and part of a more than £15 million investment.

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Entertainment Pension Retail Employee Benefits 59

Employee Benefits

JANUARY 17, 2024

It wants to see all UK fire employers extend maternity leave to 12 months on full pay after the birth, while also addressing pre-birth provisions for expectant mothers. The changes are also a result of the Fire Brigades Union’s Fight for 52 Campaign, which aims to address imbalances in maternity provision across the UK.

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Paid Leave Pension Retail Consulting 59

Employee Benefits

AUGUST 9, 2023

The aim of these initiatives was to reduce financial stress in the workplace by removing additional costs, improving wages and positioning the trust as an attractive employer, explains Adam Kirton, assistant director of workforce – pay, policy and reward, at Oxford University Hospitals. “We

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Hospitality Finance Salary Electronics 98

Employee Benefits

JUNE 21, 2023

Retailer Wickes and car sales business Auto Trader have been shortlisted in the Best benefits communications – large and small employers categories at the Employee Benefits Awards 2023.

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Retail Entertainment Transportation Pension 52

Enjoy Benefits

JUNE 4, 2023

There’s been a marked increase in older workers leaving employment, what one tabloid has called the ‘silver exodus’. Wholesale, retail and customer service occupations are among the industries which have seen the largest changes. Should employers be worried? According to the Office for National Statistics, nearly 3.5

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Pension Manufacturing Transportation Benefits Package 97

Employee Benefits

JANUARY 17, 2023

Discount vouchers are often available through voucher and discount websites and many workplaces offer employee discount schemes with major retailers. It is important that employees understand the importance of saving into their pension from early on. Don’t neglect your pension. Don’t neglect your pension.

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Finance Pension Banking Retail 98

Employee Benefits

SEPTEMBER 21, 2023

In order to achieve accreditation, employers are assessed by an independent panel and must demonstrate evidence of their effectiveness in culture, policies and practices, training, engagement, facilities and evaluation. UK building, infrastructure, engineering and fit-out firm Tilbury Douglas has received menopause-friendly accreditation.

Parental Leave 59

Parental Leave Pension Engineering Retail 59

Employee Benefits

OCTOBER 4, 2023

It promoted its employer-funded benefits such as an online GP service and a retail discount site. We’ve seen a lot of [employees] want to come out of their pension or reduce contributions so that they can have funds to buy other benefits. Llewellyn said: “It’s been about getting benefits in a quicker timeframe.

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Pension Benefit Providers Salary Benefits Package 59

Employee Benefits

SEPTEMBER 21, 2023

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has invested $1.3 These include an emergency savings programme and a financial assistance pilot, which are available from day one of employment. billion (£1.1 billion) into US customer fulfillment and transportation employees’ average hourly pay.

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401(k) Transportation Parental Leave Pension 59

Employee Benefits

MARCH 21, 2023

The last few years have caused many to reflect on how we spend our time, leading to employers having to re-evaluate their employee benefits package. So, what do employees value the most from an employer in this new world of work? Work:life balance Employee wellbeing is one of the top challenges for employers.

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Outsourcing Payroll Pension Benefits Package Payroll 90

Employee Benefits

APRIL 21, 2023

The top 10 most-read articles on www.employeebenefits.co.uk

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Pension Transportation Retail Government 59

Employee Benefits

JUNE 28, 2023

Julie Harrison, chief HR officer at Allianz UK, said: “We are always looking at ways to improve our employee offering to make Allianz a fantastic place to work and this scheme is particularly important as it combines our role as an employer and insurer.

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Salary Pension Deductions Deductible 59

Employee Benefits

FEBRUARY 4, 2022

between 28 January and 3 February 2022 were: University staff plan strikes over pensions and pay. What support can employers offer for staff going through gender transition? Three UK gives pay rise to retail staff. The top 10 most-read stories on employeebenefits.co.uk Deloitte introduces flexible public holidays.

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Pension Retail Employee Benefits Employment 59

Employee Benefits

APRIL 19, 2023

It’s important for employers in the environmental sector to invest in their workers in order to attract and retain people to do such vital work.” Andrew Dobbie, national officer at Unison, said: “Members will now be seeing a good increase in their monthly salary. We’re pleased we could reach a settlement that members strongly backed.

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Pension Salary Retail Employee Benefits 59

Employee Benefits

DECEMBER 4, 2023

On 30 January 2023, the National Joint Council for Local Government Services (NJC) unions, Unison, GMB and Unite, submitted a pay claim to the National Employers for a pay increase of Retail Prices Index (RPI) plus 2%, as well as improvements to working conditions.

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Pension Retail Government Employment 59

Employee Benefits

DECEMBER 15, 2021

The benefits on offer at Trayport: Pensions and financial wellbeing. Group personal pension plan with Aviva with a 7% employer contribution. Group income protection for all employees, employer paid. Private medical insurance (PMI) for all employees, employer paid at employee-level cover. Group risk. Other benefits.

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Pension Transportation Retail Insurance 59

Employee Benefits

FEBRUARY 6, 2023

Employers are experiencing increasing demand from employees for salary rises because of the pressures on everyday financial wellbeing, such as the ever-rising cost of living , inflation and interest rates. Employers realise that people need the tools and knowledge to navigate their way through the crisis, and for their future.

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Finance Pension Salary Education 118

Money Talk

JUNE 24, 2021

People with secure jobs or pensions and decreased expenses and spending opportunities saved more and/or reduced debt. Replenish Retirement Accounts - Consult with your employer HR department or plan custodian about steps to repay what you borrowed from a tax-deferred employer retirement savings plan such as a 401(k) or 403(b) plan.

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401(k) Finance Entertainment Pension 100

Workplace Insight

MAY 1, 2022

The industries with the largest percentage rises in inactivity among the over-50s are wholesale and retail (40% rise), transport and storage (+30%), and manufacturing (+25%). This was driven by increases in the state pension age , which rose from 65 to 66 from 2019-20. Workers beccmoing inactive (%) by income quartile. Author provided.

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Government Pension Manufacturing Transportation 98