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Remember when companies thought they could get away by offering a basic health plan and call it a day when it came to employeebenefits. How can companies move beyond standard health insurance and create a benefits package that truly stands out? But in a talent market where employees hold power, companies can’t stop here.
Banking organisation Santander offers a variety of support for its 19,800 UK employees to ensure its parental support offering is inclusive to all. As part of its parentalleave policy , Santander provides up to 52 weeks of maternity, primary carer and adoption leave, regardless of how long an employee has been in their role.
Unlike base pay, which is contractually guaranteed, these extras offer employers flexibility to tailor rewards to workforce needs , while signaling a commitment to employee well-being. According to a 2023 SHRM survey, 68% of employees prefer jobs with top-tier benefits over higher pay. The concept isnt new.
EmployeeBenefits poll: More than half (57%) of organisations revealed that enhanced maternity, paternity and adoption leave and pay is the most valued family-friendly benefit by their workforces, according to a survey of EmployeeBenefits readers.
Ground engineering firm Roger Bullivant has enhanced its maternity and paternity policies , with changes due to take effect from 1 January 2023. It provides an Access to Work Scheme, provided by Able Futures, and an employee assistance programme (EAP) via Health Assured.
Image credit: Konektus Photo / Shutterstock.com Global beauty firm Coty is to extend its global parentalleave policy which will allow all employees to take a minimum of 14 weeks, fully paid, regardless of gender. Coty believes its parentalleave policy champions gender equality in pay and workplace advancement worldwide.
Credit: William Barton / Shutterstock.com Staff at King’s College London have accepted a pay increase and paid parentalleave, as well as childcare subsidies, ending a long-running marking and assessments boycott. The post King’s College London staff accept pay rise and increased parentalleave appeared first on EmployeeBenefits.
WeightWatchers has introduced six months of paid parentalleave for eligible full and part-time employees in the US. She introduced the policy so as to address the fact that paid parentalleave is not federally guaranteed in the US, and it is up to individual states and employers to offer this.
The firm reported that it is also working towards becoming an accredited menopause-friendly employer by September 2023. The post Sodexo UK and Ireland enhances parentalleave and benefits appeared first on EmployeeBenefits. This could enable more women to come back to work sooner.”
The job market is constantly evolving, and as a result, the employeebenefits regulations that are expected from employers are also changing. Today, employers are under increasing pressure to stay ahead of employeebenefits trends and offer a comprehensive range of workplace benefits that cater to the diverse needs of their employees.
Now more than ever, employeebenefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.
In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employeebenefits are important for businesses. Welcome to “EmployeeBenefits Guide for 2023: What Employers Need to Know.” Why Are EmployeeBenefits Important?
Lloyds Banking Group has won the overall top employer award at WM People’s 2023 Top Employer Awards, as well as the award for best employer for older workers and best for flexible working. The post Lloyds Banking Group scoops top prize at 2023 Top Employer Awards appeared first on EmployeeBenefits.
However, one of 2023’s biggest lessons was that to be recognised as a genuine inclusive and diverse (I&D) leader, organisations must create leading policies, principles, and practices to complement their commitment. But once they do, they can truly foster an inclusive culture that allows all employees to thrive.
Energy supplier Ovo Energy, restaurant chain Pizza Express and water, waste and energy management firm Veolia have been ranked as some of the Best Places to Work in 2023. According to the survey results, the firm scored highly due to its people offer for its 5,000 UK employees that puts its green ethos and flexibility at the centre.
Audit, tax and advisory firm Grant Thornton, EY, Bank of America and financial services business KPMG have been named among 2023’s 100 Best Companies by Seramount. Subha V Barry, president of Seramount, added: “Our 100 Best Companies are going the extra mile to create inclusive work environments for their parents and caregivers.
between 24 – 30 November 2023 were: Apple, Microsoft and UKG named World’s Best Companies of 2023 Cumberland Building Society launches neurodiversity toolkit Boots completes £4.8 billion pension scheme buy-in Foster Denovo Group acquires benefits arm of Punter Southall Aspire Shell UK reports -31.4%
between 17 – 23 February 2023 were: Asda to increase retail pay by 10% Tesco raises hourly pay to above £11 HSBC reports 45.2% between 17 – 23 February 2023 were: Asda to increase retail pay by 10% Tesco raises hourly pay to above £11 HSBC reports 45.2% The top 10 most-read articles on www.employeebenefits.co.uk
between 8 – 14 September 2023 were: Robert Gordon University enhances benefits package Aldi Scotland recognised for employee wellbeing commitment Veolia enhances benefits for Near and Middle East staff Get paid to watch Great British Bake Off and eat cakes Annual pay growth for May to July 2023 rises by 7.8%
year-on-year The post The top 10 most-read articles between 10 – 16 November 2023 appeared first on EmployeeBenefits. year-on-year The post The top 10 most-read articles between 10 – 16 November 2023 appeared first on EmployeeBenefits. The top 10 most-read articles on employeebenefits.co.uk
Its Low pay Britain 2023 report found that, among the world’s rich nations, only France, Korea and New Zealand currently have higher minimum wages, relative to median pay among full-time workers. In addition, the retailer has introduced a raft of initiatives to support new and prospective parents during their fertility journey.
More employers could introduce gender inclusive paid parentalleave to prevent and try to close gender pension gaps. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. appeared first on EmployeeBenefits. The Pensions (Extension of Automatic-Enrolment) (No.
Valeriya Zankovych / Shutterstock.com Communications firm Cisco, professional services network Deloitte and hotel chain Hilton have been named as some of the best workplaces for parents in 2023. The post Cisco, Deloitte and Hilton named as best workplaces for parents in 2023 appeared first on EmployeeBenefits.
The Protection from Redundancy (Pregnancy and Family Leave) Act 2023 introduces extended protection and the Maternity, Adoption Leave and Shared ParentalLeave (Amendment) Regulations 2024 amends the Employment Rights Act 1996 to bring that protection into force.
With over 4,000 respondents, the Society for Human Resource Management’s 2023EmployeeBenefits Survey found that the number of employers offering family support and leavebenefits has significantly increased since 2022. Contact us today for more information.
mean ethnicity pay gap Government launches review to boost employment prospects for autistic people Aria Care Home gives staff 30% pay rise The post The top 10 most-read articles between 6 – 13 April 2023 appeared first on EmployeeBenefits. The top 10 most-read articles on www.employeebenefits.co.uk
Being able to request flexible working should eliminate any stress, anxiety or worry for employees trying to balance work with caring responsibilities. In July 2023, the Employment Relations (Flexible Working) Bill received Royal Assent. In addition, enhanced parentalleave and extended leave for premature babies are important.
Online retailer Amazon and financial services firms Wells Fargo and JP Morgan Chase have been named as some of LinkedIn’s top employers to work for in the US in 2023. The post Amazon and Wells Fargo named top US employers for 2023 appeared first on EmployeeBenefits.
Organisations are showing increasing support for diverse family models, and employers are more likely to provide benefits to parents these days than in the past. This looks set to continue into 2023, with employers forced to re-examine what their reward package offers their workforce and how they can improve it.
Law firm TLT, global consultancy Bain & Company and London Stock Exchange Group have been named on The Times Top 50 Employers for Gender Equality for 2023 list. Helen Hodgkinson, chief people officer at TLT, added: “It is an honour to be named in The Times’ prestigious Top 50 Employers for Gender Equality 2023.
The need to improve recruiting and retention has affected employeebenefits and workforce absence management rather considerably these past two years, in some cases resulting in more liberal policies on hybrid work, paid time off (PTO) and observed holidays. FMLA and leave administration also remain the same.
Google, Costco and the Massachusetts Institute of Technology have been named among America’s Best Employers for Women 2023. That’s because women, regardless of parental status, are considerably more likely than men to have their caregiving role impact their employment, prompting them to work part-time or leave the workforce.”
Several new family-friendly regulations, including the right to request flexible working from day one of employment, carer’s leave and extended redundancy protections for new parents, will come into effect on 6 April 2024 in England, Scotland and Wales. All the regulations were laid before Parliament on 11 December.
In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits. Well-tailored, helpful employeebenefits go a long way toward keeping your existing team members satisfied while also attracting new talent.
Support for working parents can help with attraction, retention, skills shortages and diversity, equity and inclusion efforts. Such resources may be included within other benefits, such as an employee assistance programme. appeared first on EmployeeBenefits.
for 2023 The post The top 10 most-read articles between 16 – 22 February 2024 appeared first on EmployeeBenefits. for 2023 The post The top 10 most-read articles between 16 – 22 February 2024 appeared first on EmployeeBenefits. The top 10 most-read articles on employeebenefits.co.uk
EXCLUSIVE: Day nursery provider Kids Planet has introduced an enhanced package of benefits, including new parentalleave policies, for 4,595 members staff caring for more than 15,000 children across its 156 UK nurseries. The post EXCLUSIVE: Kids Planet introduces enhanced parentalbenefits appeared first on EmployeeBenefits.
mean gender pay gap for 2023 Netflix UK, Writers’ Guild of Great Britain and Personal Managers’ Association agree pay deal Cadent reports 7.89% mean gender pay gap for 2023 The post The top 10 most-read articles between 8 – 14 March 2024 appeared first on EmployeeBenefits.
As of 6 April, draft regulations extend further the current right of employees on maternity, adoption and shared parentalleave who are at risk of redundancy, to be offered suitable available employment in preference to other employees who are also at risk, but not on such leave.
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