Employee Benefits

AUGUST 22, 2023

UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. A pension serves as a cornerstone for ensuring comfort and security in retirement. But is every business obliged to offer a pension?

Pension 52

Pension Employment Taxes Government 52

Employee Benefits

FEBRUARY 14, 2024

The UK government plans to increase the retirement age from 66 to 67 by 2028 and 68 by 2044, with experts believing it may eventually rise to 71 (Workplace Wellbeing Professional). Whilst employees can still choose to retire early, if they have the means, they won’t be able to access their government pension till much later.

Healthcare 105

Healthcare Employee Wellness Medical Government 105

Employee Benefits

APRIL 22, 2024

Employers should ask employees about their financial pressures to understand how to support them. In his Autumn Statement last November, Chancellor Jeremy Hunt extended the freeze on national insurance (NI) and income tax rate thresholds until April 2028. This could add further strain to employees.

Employment 59

Employment Taxes Finance Net Pay 59

Workers' Compensation

JUNE 17, 2024

Benefit amount is reduced by some Social Security benefits and employer disability pensions. The bill sets time limits for workers' compensation insurers and self-insured employers to notify the SIF when supplemental workers' compensation benefits are required under the bill.

Workers’ Compensation 52

Workers’ Compensation Pension Disability Insurance Insurance 52

HR Digest

OCTOBER 30, 2023

Ford, UAW Reach Tentative Labor Deal on Wages According to the UAW contract, workers should soon see a 25 percent wage increase that will be paired with the cost of living adjustments (COLA) that could push the pay rise above 30 percent by 2028. With the UAW deal, temporary workers should see a wage raise from $16.67 per hour to $21.

401(k) 52

401(k) Bonuses Parental Leave Pension 52