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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.

Pension 104
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Department of Work and Pensions reports 5.9% mean gender pay gap

Employee Benefits

The Department of Work and Pensions (DWP) has reported a mean gender pay gap for 2022 of 5.9%. The government department’s mean gender pay gap , increased by a 1.7 We also offer shared parental leave to provide parents with more flexibility in how to share time off work after their child is born or placed for adoption.

Pension 105
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The top 10 most-read articles between 10 – 16 March 2023

Employee Benefits

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

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Lovewell’s logic: Does the UK government have workers’ interests at heart?

Employee Benefits

Over the past few weeks, there have been an increasing number of social media posts and press articles about a bill currently passing through Parliament, with which the UK government has the potential to fundamentally change employment rights. million workers could be put at risk if the UK government presses ahead with its plans.

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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.

Pension 59
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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Pension Plans A pension plan is a benefit for employees. Pension plans provide a predictable retirement income based on a predetermined formula considering the final salary and years of service. Traditional pension plans have become less popular in the private sector due to cost concerns and changing times.

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St Petrocs accredited as living wage employer

Employee Benefits

The accreditation is part of its public commitment to its staff, meaning all of its employees will receive a minimum hourly wage of at least £10.90, which is higher than the current government minimum for those aged 23 and above of £10.42