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Moore Kingston Smith ensures its pay and benefits strategies are sustainable

Employee Benefits

Professional services firm Moore Kingston Smith looks to balance salary, recognition and benefits equally as part of its holistic approach to its people and their reward. Offering a competitive salary is important but it’s not enough, people have wide-ranging and sometimes complex needs.

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Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. It’s being used more for incentive schemes than to replace salary or bonuses,” she explains. This can be a major obstacle, says Herd.

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Mitie introduces £10 million staff support package

Employee Benefits

Facilities management and professional services business Mitie has launched a £10 million winter support package to help its workforce with the rising costs of living. The employer stated that it is focusing its support on those who need it most, with 40,000 of its lowest-paid employees set to benefit.

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EY to allow consultants to take time away from roles

Employee Benefits

Credit: JHVEPhoto / Shutterstock.com Professional services and accounting firm Ernst and Young (EY) is to allow its UK consultant employees to take time away from their roles. This time away will be unpaid, but staff will receive a bonus worth 25% of their salary when they return.

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University of Salford targets communications at specific employee groups

Employee Benefits

As part of its mental health and wellbeing commitment, which covers overall wellbeing as well as physical, mental health and financial wellbeing , it offers every day financial support such as discounts through its employee benefits platform and a salary sacrifice car lease scheme. They pass this on through meetings with each department.

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Thatcham Research introduces financial wellbeing scheme

Employee Benefits

Credit: Just Jus / Shutterstock.com Automotive risk intelligence firm Thatcham Research has implemented a financial wellbeing scheme for its 259 employees. The post Thatcham Research introduces financial wellbeing scheme appeared first on Employee Benefits.

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NYC Joins the Wage Transparency Bandwagon

COMPackage

In December 2021, the city council passed a law requiring employers to indicate a minimum and maximum salary on job postings and advertisements. Employers will need to indicate the salary ranges on new jobs, transfer opportunities, and internal promotions. Similar laws are already in place in a handful of jurisdictions.