Employee Benefits

FEBRUARY 22, 2023

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

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Employee Benefits

JUNE 28, 2023

Insurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees. They can choose between electric and plug-in hybrid cars, while the cost of the lease is calculated monthly and deducted from their gross salary through payroll.

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Employee Benefits

FEBRUARY 2, 2022

for its retail staff. Performance-related bonuses averaging 25% of base salary will continue to be paid but Three UK said the increase in base pay meant more guaranteed money for retail staff. The post Three UK gives pay rise to retail staff appeared first on Employee Benefits. nationwide and £11.40 in the capital.

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Empuls

SEPTEMBER 29, 2023

Retail employees are the lifeblood of any successful store. Motivated retail employees are likelier to go the extra mile, provide exceptional customer service, and stay committed to their roles. The retail industry has one of the highest employee turnover rates compared to other sectors. In the U.S., Let's dive in!

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Employee Benefits

MARCH 2, 2022

The exact starting wage within the range that employees will receive depends on the job and the local market, because market-level wages set by the retailer are based on factors such as industry benchmarking and local wage data, among other reasons. The retailer will invest up to $300 million (£225.4

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Empuls

APRIL 26, 2023

Employee turnover is one of the most important issues confronting retailers today. According to LinkedIn , the average retail turnover rate is one of the top turnover rates besides accommodation and entertainment. High churn rates have an impact on retail companies at all levels, affecting productivity, engagement, and satisfaction.

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Employee Benefits

MARCH 14, 2024

As a government-backed salary sacrifice scheme, employers and employees save money on National Insurance Contributions and taxes. Employee discounts… Our Employee Discounts Platform is home to discounts and savings with over 100 retailers, including those from which you can purchase bikes for the whole family. Cycle to work savings!

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Employee Benefits

FEBRUARY 27, 2024

Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. Stuart Machin, chief executive of Marks and Spencer, said: “Our vision is to be the most trusted retailer and that starts with being the most trusted employer. rise from last year.

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Employee Benefits

NOVEMBER 29, 2022

Salaried staff have been given a 6% on average pay rise , which will come into effect as of January 2023. In addition, Ikea stated that every eligible employee will receive a bonus worth approximately one month’s salary before the end of the year, to recognise their contribution to the business’ performance over the past year.

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Hireology

JANUARY 9, 2019

Below, we’ve outlined several reasons why 2019 is the year of the job applicant in retail automotive – and how your dealership can attract quality candidates to support your business success. Few Job Seekers Are Interested in Retail Automotive Careers. Fewer than 1 percent of job seekers would consider working at a dealership.

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Employee Benefits

NOVEMBER 20, 2023

Examples of these are our Tusker car initiative, which now has 250 users, and presenting available retail discounts just before Christmas as a timely reminder. 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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HR Digest

JANUARY 19, 2023

Fast Retailing, the parent company of Japanese fashion chain Uniqlo has announced that it will be raising the pay of its full-time employees in Japan by up to 40%. Despite inflation in Japan reaching its highest rate in decades, salaries have remained relatively flat.

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Employee Benefits

APRIL 25, 2023

Credit: William Barton / Shutterstock.com Specialist wine retailer Majestic has raised the hourly pay of its retail employees to at least £10.60 Store staff received an average salary increase of 6.7% Those on lower salaries were awarded larger increases in pay, with eligible staff earning £30,000 or less benefitting the most.

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Employee Benefits

MAY 31, 2023

The Sodexo Engage report The mountain of lost benefits: closing the expectation gap found that 53% of employees in the same age group feel more loyal towards their employer if they feel supported at work, but only 18% leverage their benefits to help maximise their salary.

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Employee Benefits

JANUARY 25, 2023

Two years paid at half salary at time of acceptance. Life insurance for all employees with a death-in-service benefit of four-times salary. Voluntary benefits scheme Retail and leisure discount scheme, available to all employees. Voluntary benefits scheme Retail and leisure discount scheme, available to all employees.

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Employee Benefits

AUGUST 9, 2023

It offers financial wellbeing support , provided by Salary Finance, such as lower interest and higher acceptance rate loans, and a help-to-save scheme that deducts savings from salaries each month, and has launched a dedicated intranet site for its cost-of-living support.

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Employee Benefits

NOVEMBER 30, 2023

The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Employees opt for a voucher for the value of their choice, up to a maximum amount set by the employer, and they receive the voucher to redeem at Currys on whatever tech they like available at the retailer.

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Employee Benefits

APRIL 17, 2024

Dr Duncan Brown, an independent reward adviser and principal associate at the Institute for Employment Studies, believe the concept of overtime is less relevant in an age where many, in sectors such as retail or hospitality, now work on zero-hours contracts. It was restricted to support with food, energy and living essentials.”

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Employee Benefits

JANUARY 18, 2024

That’s why SmartPay, our cost-neutral salary deduction scheme, is the employee benefit your people and business need in 2024. Why are so many businesses considering offering salary-stretching employee benefits over pay increases? The average salary increase in 2023 was 4.2%, and experts predict it will drop only slightly to 4.1%

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Employee Benefits

MARCH 27, 2024

Wagamama offers its employees financial wellbeing support through Salary Finance, retail, leisure and gym membership discounts, a 50% staff discount, long service awards, a bikes-for-work scheme, and access to confidential support and guidance from accredited councillors 24/7, 365 days of the year.

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Employee Benefits

NOVEMBER 30, 2023

Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%. The bonus total varies each year and is based on the performance of the business unit, retail country and market area.

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Employee Benefits

APRIL 3, 2023

Life assurance at 10-times salary. Denplan through salary sacrifice. Performance-related pay is paid via a matrix and depending on salary and end of year review rating could add between another 0.5% Discounted retail vouchers. Additional voluntary contributions. 25 funded eye test. to 9% onto base pay increases.

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Workplace Insight

MAY 15, 2023

Low paid workers have the least flexible working, and the gap between the number of flexible workers on the lowest and highest salaries has increased in the last year, according to figures from the Flex for Life 2023 report from advocacy group Flexibility Works. Non-frontline roles are often office-based.

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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.

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Employee Benefits

DECEMBER 5, 2023

Retailer Ikea has awarded its UK employees with pay increases that reflect the cost of living, as well as year-end bonuses based on the last year’s performance in a more than £35 million investment. Hourly-paid staff will receive a 10% pay increase in 2024, while salaried workers will see a rise of 5% on average. per hour to £12.60

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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. Minimum starting pay for all full-time, part-time, temporary and seasonal roles will rise to between £11.80 and £12.50

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Employee Benefits

FEBRUARY 15, 2024

Launched this week and set to run until 2028, with break clauses at the end of years two and three, the managed service provision framework includes a fully managed service and individual services for employee benefit schemes, covering a range of salary sacrifice and voluntary deduction arrangements.

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Florida Workers' Comp

DECEMBER 24, 2023

starting salary (inflation adjusted to 2023 dollars). It too had a significant starting salary. A third I recall was a marketing job that involved a household name of that age, had a stellar starting salary, and offerred a company car! Some were major retailers, some were convenience stores. None of them interviewed me.

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Employee Benefits

SEPTEMBER 29, 2023

It is their hard work that is driving the business forward and supporting retailers across the UK. The year ahead will continue to provide a challenging environment for retailers, and we are increasing our efforts to support their margins and give them the service they need to operate efficiently and effectively.”

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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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Employee Benefits

AUGUST 25, 2023

Perks of the job include a £21,500 per annum salary , free tickets to all Lego attractions worldwide for the lucky applicants, their family, and friends every year through the Merlin Magic Pass, 25% discount in Lego retail shops and restaurants, a 40% discount online and employee pricing up to 55% off cinema tickets.

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Hireology

JUNE 1, 2020

For example, as dealerships shift toward digital retailing to meet consumer demands, your sales roles might become more consultative, rather than focused on negotiation. With millions of new job seekers now in the market, now is your dealership’s chance to attract motivated candidates from outside the retail automotive industry.

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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.

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Workplace Insight

DECEMBER 5, 2023

Half of respondents aged under 50 do not know what job they will be doing in 20 years based on how quickly their industry is changing, rising to two-thirds (66 percent) for deskless retail workers and almost two-thirds (63 percent) for transport/storage workers.

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Employee Benefits

NOVEMBER 23, 2022

Next month, workers earning up to £30,000 will be gifted a £50 e-voucher through MiDeals, which is Mitie’s internal deals portal, and can be used at more than 100 retailers including Boots, Asda, Tesco and Argos. As of this month, Mitie has launched a new £1,000 bikes-for-work scheme.

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Employee Benefits

APRIL 19, 2023

The staff, previously received an average annual salary of £26,000, remove waste, keep towpaths clear and maintain locks and moorings on England and Wales’ waterways, among other duties. Andrew Dobbie, national officer at Unison, said: “Members will now be seeing a good increase in their monthly salary. in October.

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Employee Benefits

JANUARY 23, 2023

Credit: steved_np3 / Shutterstock.com Retailer Carpetright has reported a mean gender pay gap for 2022 of 7%. This was less than the UK and retail averages of 13.9% Carpetright’s median pay gap was 5.5%, lower than the UK and retail averages of 14.9% respectively. respectively. Its mean bonus pay gap for 2022 was 37.7%

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