Employee Benefits

SEPTEMBER 12, 2023

Annual pay growth , excluding bonuses, from May to July 2023 was 7.8%, according to data from the Office for National Statistics (ONS). Annual growth in employees’ average total pay including bonuses was 8.5%, due to NHS and Civil Service one-off payments made in June and July 2023. appeared first on Employee Benefits.

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Employee Benefits

MARCH 12, 2024

mean gender pay gap for 2023, down from 8.6% Its 2023 lower pay quartile comprised 68.5% Its 2023 lower pay quartile comprised 68.5% The organisation’s 2023 mean gender bonus gap was 9.5% Meanwhile, BAE Systems’ mean ethnicity pay gap for 2023 was 3.9%, and its median ethnicity pay gap was 5.8%. the previous year.

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Darwinbox

DECEMBER 29, 2023

2023 was a year of New Territory, defined by technological advancements and cultural phenomena, all over the world, and at Darwinbox as well. Let’s look at the top 8 reasons that made 2023 a Year of New Territory. Everywhere we look in 2023, we see ourselves in new territory. with a bonus at the end! The world is changing fast!

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Employee Benefits

SEPTEMBER 1, 2023

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

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Employee Benefits

MARCH 17, 2023

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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Employee Benefits

DECEMBER 13, 2023

The end of 2023 saw considerable changes to regulation and guidance around many employment issues, including remuneration, pay transparency and diversity metrics. This means that UK banks that had to limit variable remuneration to 200% of fixed pay are now permitted to pay bonuses at a higher level. The bonus cap has been removed.

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HR Digest

MARCH 12, 2025

According to a 2023 SHRM survey, 68% of employees prefer jobs with top-tier benefits over higher pay. 401(k) matching), stock options, or performance bonuses. The concept isnt new. Employee perks have evolved over decades as a strategic tool for businesses to stand out.

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Vantage Circle

JANUARY 16, 2023

To make that task easier for you, we have curated an HR Calendar 2023 that contains a comprehensive list of holidays, special events, and culturally significant moments that you should mark (and plan for) in 2023. The Comprehensive 2023 HR Calendar That Needs To Be Pinned Up. New Year's Day: January 1, 2023, Sunday.

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Money Talk

FEBRUARY 15, 2024

With 2023 tax season well underway, now is a good time to examine income tax rates, which are a percentage of taxpayers’ income that is taxed. For example, if a couple owes $25,000 on a $150,000 taxable joint income, their effective tax rate is $25,000 ÷ $150,000 = 16.7%, even though their 2023 and 2024 marginal tax bracket is 22%.

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Employee Benefits

FEBRUARY 13, 2024

Credit: Maddie Red/Shutterstock Luxury fashion brand Hermès has announced that it will award all employees a €4,000 bonus in respect of its successful work in 2023. The news was announced at a presentation of the French firm’s 2023 full-year results, where alongside the staff bonus , it announced an increase in profits of 28%.

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Qandle

NOVEMBER 8, 2023

In this comprehensive guide, we will delve into the 25 best Black Friday marketing strategies for 2023. Q1: When is Black Friday 2023? A1: Black Friday falls on November 24th, 2023, the day after Thanksgiving Day in the United States. Looking for the Best HR Software ? Q2: How can I find the best Black Friday deals?

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Employee Benefits

NOVEMBER 1, 2023

The bankers’ bonus cap has been scrapped in the UK from 31 October 2023 as a post-Brexit measure reportedly designed to liberalise City pay and boost the competitiveness of the UK as a financial centre. Yet it was unpopular with both the UK financial regulator on the one hand, and employer banks and ambitious bankers on the other.

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Employee Benefits

MARCH 14, 2023

The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German employees, who will receive it with their April 2023 pay. The post Daimler Truck awards profit share and appreciation bonuses appeared first on Employee Benefits.

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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 bonus, which is driven by Pandora’s commitment to retail and staff development, is due to its higher-than-expected group results for 2023.

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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

MARCH 7, 2024

The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5% Bakery chain Greggs is to share a £17.6 million bonus among some of its employees after posting a record annual profit. The post Greggs to share £17.6

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Employee Benefits

NOVEMBER 6, 2023

The one-off NHS bonus payment of between £1,655 and £3,789 was granted in recognition of the pressure of the Covid pandemic on staff, alongside a pay rise of 5% for the 2023-23 pay session. Thousands of health workers will now receive a one-off bonus after threatening legal action against the government.

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Employee Benefits

MARCH 16, 2023

Its unaudited results for the year ending 28 January 2023 reported that sales fell by 2% overall, and by 3% at Waitrose. Retailer John Lewis has announced that it will not be giving its employees a bonus for this year, after reporting a £234 million loss. The 2021/22 bonus was worth 3% of employees’ pay.

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Employee Benefits

JUNE 1, 2023

The 2023-2025 deal is in addition to the previously signed regulatory and economic agreement regarding reduced taxation objectives. ” Valentino was contacted for comment prior to publication. The post Valentino agrees staff bonus deal and extends benefits appeared first on Employee Benefits.

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Empuls

SEPTEMBER 20, 2024

By offering well-structured rewards—whether monetary bonuses, recognition programs, or flexible work arrangements—companies can foster a positive work environment that drives employee satisfaction and retention. How do bonuses, and profit sharing impact the employees?  A and $10.51 per hour, respectively.

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Employee Benefits

FEBRUARY 23, 2023

HarperCollins also increased the total number of paid holiday and personal days from 15 to 17, introduced one paid volunteer day per year, and established a return-to-office date of 1 July 2023, allowing employees to work fully remotely until then if they want to. Once ratified, the contract will extend through 31 December 2025.”

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Employee Benefits

JULY 15, 2024

The findings revealed that overall salary budget increases are expected to rise by 4% in 2025, despite consistently declining since 2023, while the overall median pay rise for 2024 fell to 4.6%, compared 5.3%

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Money Talk

NOVEMBER 10, 2022

salary, bonuses, or self-employment) under phaseout limits that are adjusted annually for inflation. For example, April 2023 is the deadline to contribute to 2022 Roth IRAs. Roth IRAs are a popular investment for retirement savings. They are available to workers with earned income (i.e., Are There Income Restrictions on Roth IRAs?

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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%. in November 2023 to January 2024, and for regular pay rose on the year by 1.8%. year-on-year in the three months to January from 6.2%

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Employee Benefits

MARCH 8, 2024

Gas distribution network Cadent has reported a 7.89% mean gender pay gap for 2023, down from 9.51% in 2022. In 2023, 89.79% of males and 82.26% of females received a bonus. Cadent’s 2023 ethnicity mean pay gap was 1.98%, down from 3.15% in 2022, and its ethnicity median pay gap was 5.99%. A total of 91.2%

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Employee Benefits

FEBRUARY 12, 2024

mean ethnicity pay gap for 2023, up from 5.1% Its top pay quartile in 2023 consisted of 73% of white and 27% of minority ethnic employees, while in 2022 it comprised 74% and 26% respectively. The firm’s mean gender pay gap for 2023 was 17.8%, down from 22.4% The firm’s mean gender pay gap for 2023 was 17.8%, down from 22.4%

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cipHR

DECEMBER 20, 2022

From wellbeing to employee experience, diversity, and inclusion, upskilling your workforce, these are set to be the top HR trends in 2023. Read on to discover the seven HR trends that organisations will need to embrace in 2023. In 2023, businesses must focus on employee experience more than ever if they want to be successful.

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Employee Benefits

JANUARY 4, 2024

mean gender pay gap for 2023, down 2.4% Ovo’s mean gender bonus gap for 2023 was 33.6%, down 1.7% Ovo’s mean gender bonus gap for 2023 was 33.6%, down 1.7% In 2023, the median pay for men was 12.1% Ovo’s 2023 ethnicity pay gap was 11.5%, up 13.1% mean gender pay gap for 2023 appeared first on Employee Benefits.

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Employee Benefits

APRIL 2, 2024

Fast food chain Greggs has reported a 10.49% mean gender pay gap for 2023, down from 2022’s figure of 14.64%. The organisation’s median gender pay gap for 2023 increased slightly year on year from 2.81% to 3.24%. The post Greggs reports 10.49% mean gender pay gap for 2023 appeared first on Employee Benefits.

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Employee Benefits

APRIL 17, 2024

Cloud-based software firm Salesforce has reported a 22.25% mean hourly gender pay gap for 2023, up from 10.29% the previous year. The employer’s median hourly gender pay gap for 2023 was 23.08%, down from 29.74% the prior year. In order to accelerate our progress, we continue to invest in new programmes and make strategic investments.”

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Employee Benefits

DECEMBER 11, 2023

The University of Hertfordshire has reported a 2023 mean hourly pay gap of 7.59%, down from 7.95% in 2022. The 2023 mean bonus gap changed from -3.42% to 8.04%, while the median closed completely. of women were paid a bonus in 2023, a drop from 76.3% The mean average hourly rate for women and men were £23.86 and £23.69.

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Employee Benefits

FEBRUARY 14, 2024

mean ethnicity pay gap for 2023, down from 17.6% Its 2023 gender and ethnicity pay gap report revealed that its median gap was 13.1%, down from 14.6% There was an increase in the representation of people from ethnic communities, climbing from 21% in 2022 to 25% in 2023. the prior year. the previous year. in 2022 to 12.6%

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Vantage Circle

NOVEMBER 30, 2022

In addition to the employee's salary and bonuses, an employer may pay it directly or indirectly. Timely And Frequent Bonuses. Employee rewards tied to specific tasks are referred to as task-based bonuses. Such employee bonuses are a great way to encourage greater productivity and effectiveness at work.

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Employee Benefits

JUNE 22, 2023

One-third (33%) of employers will offer pay awards of 5% or more in 2023, according to research by ethical reward management consultancy Paydata. Eight in 10 (82%) used out-of-cycle pay increases and 80% anticipate using out-of-cycle pay increases in 2023.

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Employee Benefits

FEBRUARY 27, 2024

mean gender hourly pay gap for 2023, down from 7.6% The employer’s median gender hourly pay gap for 2023 was 5%, up slightly from 4.7% Its mean gender bonus gap for 2023 was 43%, while its median was 15.6%. In 2023, it signed Lead’s gender parity pledge, which commits to improve gender parity at director level and above.

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Vantage Circle

APRIL 18, 2022

National fun at work day 2023 will be celebrated on January 27, 2023, i.e., the last Friday of January. But before we dive into how you can celebrate National Fun At Work Day, let's first see: When is National Fun At Work Day celebrated? The below ideas have one thing in common: every one of them has been loved by our team.

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HR Digest

NOVEMBER 7, 2024

This increase in the 401(k) cap brings up the annual individual contribution limit by $500 and equals the change we saw going from 2023 into 2024. As per the IRS, 401(k) limits for 2025 have been increased to an annual amount of $23,500, up from $23,000.

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