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Morrisons warehouse workers strike over pension contribution change

Employee Benefits

About 1,000 Unite union members working at two Morrisons warehouses have undertaken strike action for three days over a cut in company contributions to their pensions. She said: “Unite will not stand for such behaviour from any employer, let alone one like Morrisons which is raking in massive profits in the midst of a cost-of-living crisis.

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Make the Most of Free Money

Money Talk

Employer Match- This is money contributed to employees’ retirement savings accounts to match what they save. Retail Rewards - Loyalty programs are common among retailers and restaurants and shoppers can earn points that convert to cash-off or free meals. Cash-back rewards are considered a rebate by the IRS and are not taxable.

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XPS Pensions Group accredited as menopause-friendly employer

Employee Benefits

Pension consulting and administration business XPS Pensions Group has been awarded menopause-friendly accreditation ahead of World Menopause Day (18 October). Ben Bramhall, co-chief executive officer at XPS Pensions Group, said: “We are delighted to have achieved accreditation as a menopause friendly employer.

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B and Q and Screwfix give retail staff pay rise

Employee Benefits

Home improvement retailers B and Q and Screwfix, both owned by Kingfisher, have announced that shop floor workers will receive a pay rise to £10.60 Kingfisher also provides share schemes, discounts across various national retailers and access to financial wellbeing app Wagestream. from 1 April, an 8.2% increase, respectively.

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Benefits on offer at Atradius

Employee Benefits

Pension and group risk Trust-based defined contribution pension with 12% employer, 3% employee minimum contributions. Health screening for all employees, employer-paid. Employer-paid, but employee can fund up to 10% if it means added affordability, for example a tax efficient electric vehicle. Occupational health.

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How to structure a sustainable reward strategy

Employee Benefits

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Additionally, half (50%) say they would consider not working for an employer with harmful practices. Employers can help too by offering on-site charging facilities.”

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UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

The evidence of the impact on engagement, attraction and retention is in the employer’s turnover rate, which is lower than the UK average, proving that it is a worthwhile initiative for it to do each year. The TRS outlines what employee benefits have been on offer for the past 12 months. Offering choice is key,” he concludes.

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