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Stanlow Oil Refinery workers accept 300% bonus pay increase

Employee Benefits

The 450 employees operating under the National Agreement for the Engineering Construction Industry, work for several different contractors at the site. Unite had been clear from the outset that the employers and the client could fully afford to increase the bonus payment and that proved to be entirely the case.

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Best Benefits for Engineering Firms

Winston Benefits

Engineering firms often face double the difficulty when recruiting: They need people with strong tech skills, and people with strong craft skills. Here are some of the top benefits among engineering firms. Multiple compensation options are common at many engineering firms, which like to reward innovation among employees.

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Why You Need a Total Compensation Report: Unveiling the Hidden Value for Employees – Includes a Free Sample

COMPackage

Employees increasingly seek a clear understanding of the complete value proposition their employer offers, going beyond just base salary. Benefits: A detailed breakdown of employer-sponsored benefits like health insurance, paid time off (PTO), retirement plans (including company contributions), and wellness programs.

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The top 10 most-read articles between 19 – 25 January 2024

Employee Benefits

between 19 – 25 January 2024 were: Lidl GB gives pay rise to 26,000 hourly-paid employees FCA manager loses full-time work from home claim Mitie, The Perfume Shop and NFU Mutual UK certified as UK top employers Lloyds Banking Group reports 5.7% mean ethnicity pay gap Engineering construction staff accept 17.4%

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E.On reports 13.7% mean hourly gender pay gap

Employee Benefits

According to E.On, the main drivers of its pay gap in 2022 were that it employs more men than women in leadership roles, with 30% of its senior executive roles held by women, it has more women working in entry level roles with lower pay, and the majority of its technical and engineering roles, which attract higher pay, are held by men.

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BAE Systems reports 8.6% mean gender pay gap

Employee Benefits

Tania Gandamihardja, group human resources director at BAE Systems, said: “At BAE Systems we want to be recognised as the leading employer in the defence and security sector for valuing diversity and inclusion , and aspire for 30% of our UK workforce to be made up of women by 2030. in 2021 and down slightly from 20.6% A total of 90.3%

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Designing an Effective Total Compensation Report: Sample Templates and Tips

COMPackage

Key Components of a Total Compensation Report A Total Compensation Report (TCR) should provide a clear and concise overview of an employee’s compensation package, including: Direct Pay: This includes the employee’s base salary or wages, as well as any bonuses, commissions, or overtime pay.

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