Employee Benefits

MARCH 6, 2024

Tesco is to increase the hourly pay for employees in stores from £11.02 per hour, which is above the 2024 real living wage outside London. The new rate, which will come into effect on 28 April 2024, represents a 9.1% per hour – the living wage rate – for stores within the M25.

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Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government has agreed to raise the national living wage by 9.7% from April 2023. The national living wage is the rate set by the government as a legal minimum for employees aged above 23. If so, we could be looking at an increase in redundancies over the next few months.

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Employee Benefits

NOVEMBER 23, 2023

Autumn Statement: Government announces plans to offer pension pot for life Autumn Statement: State pension to increase by 8.5% Autumn Statement: Government announces plans to offer pension pot for life Autumn Statement: State pension to increase by 8.5% appeared first on Employee Benefits.

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Employee Benefits

JANUARY 11, 2024

UK bus operator First Bus is to become a living wage employer from 1 April 2024. The accreditation will see its 1,300 employees across the UK, and workers employed through third party contractors, benefit from a pay rise to at least £12 per hour. for those aged 23 and over and will increase to £11.44

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Empuls

OCTOBER 9, 2023

In the United Kingdom, the National Minimum Wage (NMW) is a crucial aspect of employment law. However, navigating the complexities of this wage structure can be daunting, with multiple rates and regulations to consider. In this blog post, we embark on a journey to demystify the National Minimum Wage in the UK.

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Employee Benefits

FEBRUARY 12, 2024

Credit: ClimbWhenReady / Shutterstock B&Q has announced that it will be increasing its minimum hourly rate to £12.21 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. per hour, and its London rate to up to £13.55

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Employee Benefits

NOVEMBER 9, 2023

Gripple, a South Yorkshire-based manufacturer of wire joiners, tensioners and suspension solutions, and its sister returnable packaging solutions firm Loadhog, have received living wage employer accreditation. Employees and contractors at Gripple and Loadhog over the age of 18 will now earn a minimum of £12 per hour, an increase of £1.10

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Employee Benefits

NOVEMBER 8, 2023

Credit: chrisdorney / Shutterstock.com Newcastle United Football Club has received living wage employer accreditation from the Living Wage Foundation. The lowest-paid employees at the club will see their pay increase by £1.10 This is due to rise to at least £11 an hour from April 2024.

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Employee Benefits

NOVEMBER 29, 2022

Employee Benefits poll: Nine out of 10 (90%) people think the living wage rate is high enough in the current climate. Conversely, 10% of respondents to an online survey conducted by Employee Benefits said that they think the living wage is not high enough considering current events impacting employees’ financial wellbeing.

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Employee Benefits

MARCH 6, 2024

Rocketing inflation and the cost-of-living crisis have put pay firmly in the spotlight. Analysis by the Living Wage Foundation, Employee jobs paid below the real living wage 2023, published in February 2024, found that 3.7 million UK jobs paid below the real living wage in April 2023.

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Employee Benefits

JANUARY 17, 2024

Mental resilience was a hot topic at the start of 2023, but as the cost-of-living crisis took hold, the focus shifted to employee financial wellbeing and financial resilience. Our recent research found that financial employee benefits and incentives were the primary considerations that would prevent employees from looking for a new role.

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Employee Benefits

DECEMBER 14, 2022

The cost-of-living crisis and looming recession has led to a stronger focus on support which will follow into the new year, with some employers looking at cost-effective options. Due to the struggle for talent and the rising costs of living , pay awards are expected to be higher next year than in recent years.

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