Employee Benefits

DECEMBER 16, 2021

The organisation’s Outlook 2022 report revealed that 14% of respondents already had this deal in place in an attempt to maintain current staffing levels, while 9% planned to implement it in the next 12 months. More than a third (34%) said they would consider using bonuses above the market rate.

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Employee Benefits

JUNE 21, 2024

Warhammer figurine maker Games Workshop has awarded more than £18 million in bonus cash payments to its employees after it reported a strong year of sales and profits. million in 2022. The post Games Workshop awards employees bonus payment appeared first on Employee Benefits. This led to a £7.5

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Employee Benefits

MARCH 14, 2023

Schneider / Shutterstock.com German commercial vehicle manufacturing firm Daimler Truck has awarded eligible employees a €6,300 (£5,546) profit sharing bonus and a one-off appreciation bonus of €1,000 (£880). The post Daimler Truck awards profit share and appreciation bonuses appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 30, 2022

The Department of Work and Pensions (DWP) has reported a mean gender pay gap for 2022 of 5.9%. percentage point from 2021, while its median gender pay gap for 2022 is 0. for 2022, while its median bonus gap increased by a 1.2 mean gender pay gap appeared first on Employee Benefits. percentage point to 14.6%

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Employee Benefits

JUNE 27, 2023

Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations. This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus.

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Employee Benefits

FEBRUARY 22, 2023

Credit: sylv1rob1 / Shutterstock.com French fashion and design brand Hermès has announced that it will pay its 19,700 employees a bonus of €4,000 (£3,519) this year. billion (£3 billion) as the reason why in a position to pay all employees worldwide a bonus. Dumas cited the brand’s net profit reaching €3.4 Hermès will also pay out €1.4

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Employee Benefits

NOVEMBER 23, 2022

Global law firm Baker McKenzie is to pay its US associates end-of-year bonuses of up to $115,000 (£96,530) depending on seniority. The bonuses will start at $20,000 (£16,788) for those in the class of 2021 and increase up to $115,000 for its most senior associates. All fee earners are also eligible to receive a discretionary bonus.

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Employee Benefits

JANUARY 25, 2024

Jewellry brand Pandora has awarded its 2,600 retail employees across UK and Ireland a one-off bonus , following its 2023 financial results. The organisation will pay out bonus payments starting at £100, which will increase depending on employees’ roles. The bonus is in addition to their existing monthly sales incentive programme.

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Employee Benefits

JANUARY 7, 2022

The Merseyside-headquartered business said employees will get the bonus payment this month (January) following “strong” trading over Christmas. “Despite ongoing supply chain disruption, inflationary pressures and uncertainty surrounding possible Covid-related restrictions, we remain confident in B&M’s prospects for 2022,” he added.

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Employee Benefits

MARCH 12, 2024

of white employees and 9.3% of its white employees received a bonus that year, compared to 93.4% We are determined to make BAE Systems a place where all our employees can achieve their full potential.” mean gender pay gap for 2023 appeared first on Employee Benefits. mean gender pay gap for 2023, down from 8.6%

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Employee Benefits

FEBRUARY 23, 2023

Book publishing business HarperCollins has reached an agreement with its US union, that includes a pay increase and bonus for employees. Nearly 250 members of staff, who are part of the union, have been on strike since 10 November 2022 over the terms of their contracts. Once ratified, the contract will extend through 31 December 2025.”

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Bayzat

OCTOBER 31, 2024

However, this also means that competition for top talent is fierce, making competitive compensation packages a critical factor in attracting and retaining the best employees. Performance-Based and Incentives In addition to a base salary, many organizations in the UAE also offer incentives and bonuses as part of their compensation packages.

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Employee Benefits

MARCH 13, 2024

Annual growth in total earnings including bonuses was 5.6% in November 2023 to January 2024, and annual growth in average regular earnings excluding bonuses was 6.1%. year-on-year appeared first on Employee Benefits. Its labour market figures published on 12 March revealed that regular pay growth fell to 6.1%

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Employee Benefits

JANUARY 17, 2023

Growth in average total pay, including bonuses and regular pay but excluding bonuses , from September to November 2022 was 6.4%, according to the latest Office for National Statistics (ONS) figures. In September to November 2022, adjusted for inflation growth in real terms, both total and regular pay fell by 2.6%

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Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours. Benefits around wellbeing and flexibility remain top of the pile.”

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Employee Benefits

FEBRUARY 14, 2023

Growth in total pay , including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS). For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic.

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Employee Benefits

JUNE 22, 2023

The cost-of-living crisis led to one-third paying a lump sum to support employees in 2022, paying a median amount of £750. In addition, actual or expected median bonuses for main board directors have reduced from 41%-45% in spring 2022 to 26%-30% in spring 2023.

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Employee Benefits

JANUARY 14, 2022

between 7 January and 13 January 2022 were: UK Swissport staff receive above-inflation pay rise. A changing pension landscape: what can employers expect in 2022? The Caravan and Motorhome Club plans full pensions communication schedule for 2022. The top 10 most-read stories on employeebenefits.co.uk

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Employee Benefits

JULY 18, 2023

Family law firm Lawcomm Solicitors has been ordered to pay a former employee nearly £13,000 after a tribunal ruled she had been unfairly dismissed and her contract had been breached after the organisation’s failure to make a bonus payment. Lightfoot-Webber will be awarded £12,878.04

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Employee Benefits

NOVEMBER 25, 2022

between 18 and 24 November 2022 were: Tesco launches salary advance scheme for staff. Compass Group rolls out salary advance scheme for employees. Baker McKenzie awards US staff bonuses up to $115,000. The post The top 10 most-read articles between 18 – 24 November 2022 appeared first on Employee Benefits.

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Employee Benefits

DECEMBER 16, 2022

between 9 and 15 December 2022 were: Northern Ireland government confirms £1,400 NHS pay award. Horse trainer fined €4,000 for failure to pay bonuses to staff. Search Intelligence pledges to pay employees’ winter utility bills. The top 10 most-read articles on www.employeebenefits.co.uk Jacob’s Cream Crackers gives 6.5%

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Employee Benefits

JANUARY 5, 2023

Bus drivers employed by Stagecoach in Sunderland have accepted an 11% pay rise and £150 bonus , backdated to 1 December 2022, ending their long-running strike. The post Stagecoach gives Sunderland drivers 11% pay rise appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 15, 2023

Some [employers] can give big bonuses, but even if we gave everybody £100, after tax it would have a lower impact.” To this end, in 2022 Mitie introduced a winter support package, particularly aimed at those paid under £30,000 per annum. This included bonuses in January 2023 which were weighted towards the lower paid.

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Employee Benefits

NOVEMBER 13, 2023

One in four (28%) employers plan to increase wages in the next 12 months to reduce the impact of the cost-of-living on employees, and 11% plan to give bonuses, allowances or lump sums to cover increased living costs. The post Basic pay for private and public sector staff to rise by 5% appeared first on Employee Benefits.

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Employee Benefits

DECEMBER 2, 2022

between 25 November and 1 December 2022 were: Ikea gives staff 6% pay rise and enhances benefits. 47% of businesses plan bonuses for Christmas 2022. The post The top 10 most-read articles between 25 November – 1 December 2022 appeared first on Employee Benefits.

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Employee Benefits

JANUARY 18, 2022

Employee engagement is seen as the most important objective for organisations’ benefits strategies, with 80% rating it as either one or two out of five in importance, according to new research. It found that employee choice, recruitment and retention were considered the next most important for benefit strategies after engagement.

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CorpStrat

NOVEMBER 4, 2022

1/03/2022 by 12 PM PST is the last day to submit 2021 adjustments to ensure accurate filings. Any 2022 adjustment requested after 01/03/2022 will be subject to amendment billing. The post 7 Tips for Smooth Year-End Payroll Processing 2022 appeared first on CorpStrat: HR | Payroll | Employee Benefits.

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CorpStrat

JUNE 30, 2022

We’ve put together our top tips to help you successfully attract and retain employees in 2022: 1. Review your Benefits. Build out a well-rounded benefit offering that will wow your prospective employees. New employees will notice the difference and it will help set the tone for their time at the company.

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Employee Benefits

DECEMBER 16, 2022

median gender pay gap for 2022, narrowing from 8.4% The higher representation of men in the lower quartile is in line with its overall store employee population, which is 60% male. of male employees received a bonus, compared with 93.6% mean gender pay gap appeared first on Employee Benefits. last year to 31.6%

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Employee Benefits

OCTOBER 31, 2023

In fact, according to recent research* by The Reward & Employee Benefits Association conducted in association with WEALTH at work, savings via tax-free wrappers such as ISAs are set for significant growth, with almost half of employers offering or planning to offer these over the next two years (45% compared to 32% in 2022).

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Employee Benefits

MARCH 2, 2023

UK gas network Cadent has reported a mean ethnicity pay gap of 3.15% for 2022, down from 4.47% in 2021. The employer, which has more than 6,000 members of staff, saw its median ethnicity pay gap narrow from 9.11% in 2021 to 4.68% in 2022. The post Cadent reports 3.15% mean ethnicity pay gap appeared first on Employee Benefits.

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Employee Benefits

JANUARY 16, 2023

According to Wagestream’s The state of financial wellbeing: the cost of living report 2022 , published in July 2022, there has been an upswing in organisations adjusting their benefits budget to support broader financial wellbeing programmes as an additional way of helping their workforce, rising from 51% in 2021 to 93% in 2022.

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Employee Benefits

MARCH 2, 2023

Two-thirds (66%) of senior business leaders agree that employers have a substantial role to play in supporting staff through the rising cost of living , and 40% have introduced support measures since the start of 2022, according to research by the Work Foundation at Lancaster University.

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Employee Benefits

APRIL 12, 2024

A total of 94% of its employees shared their ethnicity details. of white employees received a bonus last year, compared to 82.2% of white employees received a bonus last year, compared to 82.2% in 2022, and its median gap was 39.8%, down from 41.7% in 2022, and its median gap was 38.7%, down from 42.9%.

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Employee Benefits

DECEMBER 12, 2022

Last month, Employee Benefits reported that 47% of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, while 81% planned to host a party to mark the festive season and reward employees, according to research by Just Eat for Business. appeared first on Employee Benefits.

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Employee Benefits

JANUARY 24, 2023

Employee Benefits poll: A quarter (25.6%) of organisations do not report either their ethnicity and disability pay gap data , and do not plan to, according to an online survey among Employee Benefits readers. Its 2022 mean average ethnicity bonus gap was 15.7% voluntarily reported both. in favour of this group.

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Employee Benefits

FEBRUARY 13, 2023

Professional services firm PricewaterhouseCoopers (PWC) has revealed that its UK 2022 mean gender pay gap was 8%, down from 9.4% The firm’s 2022 median gender pay gap decreased slightly to 5.9% PWC’s 2022 mean gender bonus gap was 17.4%, down from 21%, and its median gap was 5.9%. of male employees and 96.4%

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