PayrollOrg

SEPTEMBER 18, 2023

Department of Labor (DOL) on wage and hour/pay period requirements and the impact of bank failures. PayrollOrg recently sent a letter to the U.S.

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Banking 104

PayrollOrg

AUGUST 23, 2023

With increased concern about recent bank failures, PayrollOrg’s Government Relations Task Force engaged with the federal government and other partners regarding paying workers on time.

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Workplace Insight

AUGUST 15, 2024

An analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone’s leading banks may be inflating the value of commercial property, potentially obscuring the true state of their loan portfolios in a sector that is facing significant challenges.

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PayrollOrg

JUNE 1, 2023

PayrollOrg’s GRTF Federal Issues Subcommittee sent a letter to the Federal Deposit Insurance Corporation (FDIC) to talk about the risks that bank failures have on payroll.

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Employee Benefits

APRIL 28, 2023

Energy supplier Ovo Energy has introduced a flexible bank holiday policy to allow staff more choice when taking time off throughout the year. This applies to all UK 2023 bank holidays apart from Christmas Day, New Year and the King’s Coronation, which remain fixed.

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Employee Benefits

SEPTEMBER 11, 2024

Bank of America has raised its minimum hourly wage for its US employees to $24 (£18.34) per hour as part of its commitment to increase the rate to $25 (£19.10) by 2025. In the last seven years, Bank of America has raised the minimum hourly wage from $15 (£11.46). The bank has awarded more than $4.8 billion (£3.6

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HR Digest

SEPTEMBER 11, 2024

Bank of America has announced a $1 USD hourly wage raise for workers in the U.S., BoA’s wage increase in 2024 takes the bank one step closer to its ambitions to raise wages to $25 USD by 2025. According to the United States Bureau of Labor Statistics , the median hourly wage for bank tellers is $18.10 As the second-largest U.S.

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Employee Benefits

AUGUST 30, 2023

Bank of Ireland Group CEO Myles O’Grady with colleague Chris Keeley and his daughter Ava Financial and banking services organisation Bank of Ireland Group supports its working carers by offering a collaborative approach to flexible working based on individual needs.

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Darwinbox

DECEMBER 22, 2023

The Southeast Asian banking sector is experiencing rapid growth and transformation, necessitating a more tech-savvy workforce to compete with fintech companies. Banks should turn to HR Tech to streamline talent acquisition, development, and management while focusing on upskilling, diversity, and positive employee experience.

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Employee Benefits

JUNE 12, 2024

The benefits on offer at Aldermore Bank: Pension A group personal pension (GPP) plan with salary sacrifice arrangement for all employees. Holidays 30 days per year plus UK bank holidays. The post The benefits offered by Aldermore Bank appeared first on Employee Benefits. Techscheme and wearables scheme. Give-as-you-earn scheme.

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Employee Benefits

MAY 3, 2023

Launched in 2010 as the first new high street bank in more than 100 years, Metro Bank now employs nearly 4,500 people across the UK. Khushboo Patel, head of engagement and inclusion at Metro Bank, says: “Our colleagues are at the heart of what we do and we want them to feel supported whatever they are going through in their lives.

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Employee Benefit News

SEPTEMBER 10, 2024

Bank of America will increase its minimum hourly wage to $24 next month.

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Employee Benefits

OCTOBER 13, 2023

Credit: rafapress / Shutterstock.com A former solicitor employed by Starling Bank has been awarded £1.1 Representing herself, Raja claimed that she was unfairly dismissed and treated because Starling did not investigate her allegations of discrimination, and that she was victimised by the bank.

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PayrollOrg

MAY 2, 2023

The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.

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PayrollOrg

APRIL 28, 2023

The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.

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Banking Employment Payroll IT 104

PayrollOrg

MARCH 15, 2023

The California Employment Development Department has announced that it is waiving penalties for employers that are unable to make payroll deposits timely due to the Silicon Valley Bank failure.

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Banking Employment Payroll IT 104

PeopleKeep

JUNE 20, 2024

If you're looking for a more cost-effective solution, an hour bank arrangement may be the answer. In this article, we'll go over the ins and outs of hour bank arrangements for employees and how they can benefit your construction firm. But, traditional group health plan coverage doesn't always fit everyone's needs or budgets.

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Banking Healthcare Construction Healthcare Benefits 52

Employee Benefits

JUNE 12, 2024

Listen: This episode of the Employee Benefits podcast shines a light on how Aldermore Bank has embedded its organisation’s purpose in all of its operations and ensures this is apparent within its reward strategy. At a glance Aldermore is a specialist lending and savings bank with around 2,100 employees.

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Employee Benefits

SEPTEMBER 9, 2024

Bank of London and the Middle East has launched an enhanced and flexible maternity leave benefit to provide new mothers with different options to suit their personal preferences. The post Bank of London and the Middle East launch enhanced and flexible maternity leave appeared first on Employee Benefits.

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Employee Benefits

MARCH 7, 2024

Lloyds Banking Group has named Rachel Osikoya director of diversity, equity and inclusion (DE&I). She has also held roles at Standard Bank, Barclays Capital, BT and as a lay member of the Equality and Diversity Committee for the Bar Standards Board.

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Employee Benefits

JANUARY 19, 2023

Credit: Serge Cornu / Shutterstock.com Tesco Bank has given more than 3,400 members of staff a £1,250 pay increase in order to help them with the rising cost of living. The bank is the latest in a series of employers to provide staff with cost-of-living support.

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HR Digest

JANUARY 19, 2023

In 2021, we merged our Consumer Bank Academy with our Global Learning Organization to create The Academy at Bank of America, an onboarding, education and professional development organization dedicated to the growth and success of 200,000+ teammates from consistent onboarding through skill building.

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Employee Benefits

SEPTEMBER 26, 2023

Metro Bank has signed the Race at Work Charter as part of its commitment to improve equal opportunities for black, Asian, mixed race and ethnically diverse staff. Sandra Kerr, race director at Business in the Community, added: “We would like to thank Metro Bank for publicly committing to be an inclusive and responsible employer.

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Employee Benefits

SEPTEMBER 13, 2023

Banking organisation Deutsche Bank has enhanced its parental leave benefits for employees across the Asia Pacific region. The bank implemented the revised benefits following internal feedback. The post Deutsche Bank enhances parental leave benefits in Asia Pacific appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 13, 2023

Deutsche Bank has completed a £500 million buy-in for its UK pension scheme , its first to include deferred members. This takes the scheme’s total buy-ins to £1,500 million, including a £570 million buy-in between Legal and General and Deutsche Bank pension scheme in February 2021.

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Employee Benefits

SEPTEMBER 21, 2023

British Business Bank has appointed Karen Barnett chief people officer , effective from October. Barnett will join the bank from private wealth management firm WH Ireland, where she was human resources director and a member of its executive committee. She began her career working at the Department for Education.

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Employee Benefits

JANUARY 24, 2024

Credit: William Barton / Shutterstock.com Lloyds Banking Group has reported a 5.7% Sharon Doherty, chief people and places officer at Lloyds Banking Group, said: “We continue to invest in making our organisation a leading inclusive employer, where the unique differences our people bring to work every day are valued.

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Employee Benefits

MAY 22, 2024

Standard Chartered Bank and supermarket chain Lidl GB have been shortlisted for Best voluntary benefits at the Employee Benefits Awards 2024. The post Standard Chartered Bank and Lidl GB shortlisted for Best voluntary benefits appeared first on Employee Benefits. View the shortlist For more information and to book your table.

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Employee Benefits

NOVEMBER 20, 2023

Bank of Ireland has been awarded the Gold Investors in Diversity EDI Mark accreditation by the Irish Centre for Diversity due to its equality, diversity and inclusion (EDI) commitments. The gold accreditation recognises Bank of Ireland’s actions, policies and processes to continuously improve EDI across the organisation.

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Darwinbox

NOVEMBER 24, 2022

The banking industry is on the path of transformational growth. HR in the banking industry will be responsible for facilitating growth and innovation in the sector. In this article, we will explore the HR challenges that the banking industry will face in the year 2023. ?.

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Banking 52

Employee Benefits

APRIL 26, 2023

Credit: shawnwil23 / Shutterstock.com Allied Irish Banks (AIB) has expanded its support for employees experiencing domestic violence, as part of its commitment to provide a safe and supportive work environment. The post Allied Irish Banks enhances domestic violence support appeared first on Employee Benefits.

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Banking Parental Leave Paid Leave Salary 59

Employee Benefits

DECEMBER 4, 2023

While banking organisation Metro Bank supports employee wellbeing all year round, it recognises that certain times of the year are harder for some. The bank, which employs almost 4,500 members of staff, takes an equitable approach to ensure it has an inclusive culture.

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Workplace Insight

NOVEMBER 15, 2023

Mark Eltringham is joined for a glass of red wine (or two) by Esme Banks-Marr of BVN architects and Jo Sutherland of Magenta. The post The Workplace Cocktail Hour with Jo Sutherland and Esme Banks-Marr appeared first on Workplace Insight. This is the first in a new series which we hope to publish every week.

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Employee Benefits

OCTOBER 16, 2023

The Co-Operative Bank has introduced free period products to its UK sites in order to break down the stigma that surrounds periods. As part of a new partnership with sustainable period product business Grace and Green, employees at the bank will be able to access free period products throughout all its UK branches.

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Employee Benefits

DECEMBER 7, 2022

London-headquartered Zopa Bank has raised the minimum salary for its more than 600-strong workforce by more than 20% as a response to the cost-of-living crisis. The bank raised its base salary to a minimum of £27,000, 25% above the London living wage.

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Employee Benefits

FEBRUARY 1, 2023

Financial organisation Metro Bank has implemented an optional shift pattern for its store workforce as of this month (February), allowing them to work four days and have a three-day break if they choose. The bank confirmed that there will be no reduction in pay under the new system. The results will be reviewed at the end of this year.

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Employee Benefits

FEBRUARY 17, 2023

Bank of Ireland has implemented enhanced family friendly policies and support for its 9,000 employees, as of this week. The bank also made all family leave policies day-one entitlements, and launched a Family Matters Handbook, illustrating key supports and benefits available depending on the employee’s journey.

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