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

MARCH 11, 2024

The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market. The deal, which was intended to match inflation , was accepted by the trade union that represents the bank’s employees.

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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. To show its support for employees going through separation, it signed up to the Positive Parenting Alliance’s HR Initiative when it was launched in January 2023.

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Employee Benefit News

OCTOBER 27, 2022

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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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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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CorpStrat

JUNE 24, 2024

Are your Employee Benefits bundled with one of the big payroll companies like Paychex, Gusto, ADP, or Zenefits? These giants often push businesses into rolling their employee benefits with them, banking on the fact that most people aren’t fully aware of what they need or deserve. Reach out to us today.

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Employee Benefit News

JUNE 26, 2023

One Bank of America employee explains the impact a new sabbatical program had on her and her family.

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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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Best Money Moves

JANUARY 9, 2023

4 top 2023 employee benefits. Here are the trending employee benefits that companies are investing in for 2023, to help cope with financially stressful times. Employers should consider these numbers when planning their 2023 employee benefits: A recession is likely on the horizon. . percent in 2023.

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Employee Benefit News

NOVEMBER 28, 2022

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PeopleKeep

MAY 26, 2022

As a local veterinary clinic, it can be challenging to attract and retain employees in a tight labor market. Providing employee benefits to your staff is an excellent way to improve retention. However, many traditional employee benefits options can be too expensive or complex for vet clinics to administer.

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Employee Benefits

OCTOBER 16, 2023

Where speakers have given approval, we have uploaded the slides for the keynote and conference sessions at Employee Benefits Live 2023, which took place on 3 October 2023 at ExCeL London. Thank you very much to all of the speakers for sharing their ideas, experiences and insights.

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Best Money Moves

OCTOBER 7, 2020

Why financial wellness is a must-have employee benefit. Financial wellness programs have emerged as a key employee benefit in the last few years and COVID-19 has only strengthened demand for resources that can help employees deal with their finances. Why Financial Wellness Is a Must-Have Employee Benefit.

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Best Money Moves

DECEMBER 7, 2021

Financial Wellness: The must-have employee benefit in 2022. If you aren’t incorporating financial wellness into your 2022 benefits strategy, your employees are missing out. The COVID-19 pandemic has had a long-lasting impact on your employees’ financial health. But not all of your employees are financially stable.

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Best Money Moves

AUGUST 6, 2024

To help employees craft a more financially resilient future, consider offering an emergency fund as part of your employee benefits package. Having a high debt-to-income ratio can limit the options an employee has amid a sudden emergency, even for employees earning six-figure salaries.

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HR Digest

MAY 21, 2023

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2. Payroll taxes 2.

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Employee Benefits

FEBRUARY 9, 2023

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 Employee Benefits.

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Employee Benefit News

MARCH 4, 2025

Data from Bank of America found employees increased their 401(k) contribution rates in 2024. The right benefits will help advance that trend.

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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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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. Employee/employer contribution levels are 3%/6%, 4%/8% and 5%/10%. Holidays 30 days per year plus UK bank holidays. Will writing, employee paid. Give-as-you-earn scheme.

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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

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 wellbeing of our employees is our top priority.

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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 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

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.

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WEX Inc.

JANUARY 8, 2025

And just because you have an entire plan year ahead doesnt mean you should wait until November or December to put time and energy into your employee benefits. Or watch our Benefits podcast to learn how employers can support employees while starting off the benefits plan year! Its an expectation. How do you do this?

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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

NOVEMBER 13, 2023

Deutsche Bank has completed a £500 million buy-in for its UK pension scheme , its first to include deferred members. The transaction with Legal and General will secure the benefits of around 2,000 retirees and deferred members. The post Deutsche Bank completes £500 million pensions buy-in appeared first on Employee Benefits.

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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

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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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

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

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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Employee Benefits

SEPTEMBER 19, 2023

US banking organisation First National Bank, holiday property rental business Airbnb and American Airlines have been named as America’s Greatest Workplaces for Parents and Families 2023. Congratulations to these employers and the families they support.”

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Take It Personel-ly

FEBRUARY 10, 2023

Luckily, there are plenty of short trip suggestions that can help boost company morale without breaking the bank or taking too much time away […] The post 3 Short Trip Suggestions to Help Boost Company Morale appeared first on Take It Personel-ly.

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Employee Benefits

OCTOBER 3, 2023

Credit: MOZCO Mateusz Szymanski / Shutterstock.com Banking organisation Standard Chartered has introduced an electric and plug-in hybrid vehicle salary sacrifice scheme for all of its UK-based employees. The post Standard Chartered launches electric and hybrid vehicle salary sacrifice scheme appeared first on Employee Benefits.

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