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What actions can employers take to close the gender pensions gap?

Employee Benefits

More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. The Pensions (Extension of Automatic-Enrolment) (No. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. The Pensions (Extension of Automatic-Enrolment) (No.

Pension 104
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Department of Work and Pensions reports 5.9% mean gender pay gap

Employee Benefits

The Department of Work and Pensions (DWP) has reported a mean gender pay gap for 2022 of 5.9%. The government department’s mean gender pay gap , increased by a 1.7 We also offer shared parental leave to provide parents with more flexibility in how to share time off work after their child is born or placed for adoption.

Pension 105
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What could the Labour government mean for employers’ reward and benefits strategies?

Employee Benefits

Credit: Mistervlad/Shutterstock Need to know: The Labour government’s Employment Rights Bill will enhance employee rights but there are concerns that proposals could have unintended consequences, adding cost, disadvantaging some businesses and their employees, and affecting recruitment strategies.

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25 Unique Employee Benefits: Attract & Retain Top Talent in Today’s Market

Vantage Circle

Retirement Plans (401(k) & Pensions) A robust 401(k) match or pension plan is a powerful signal that a company views its employees as long-term partners, not disposable resources. Extended Parental and Family Leave Policies The U.S. But where Netflix really stands out is parental leave.

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The top 10 most-read articles between 10 – 16 March 2023

Employee Benefits

The top 10 most-read articles on www.employeebenefits.co.uk The top 10 most-read articles on www.employeebenefits.co.uk

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The UK workplace sector reacts to the Spring Budget 2023

Workplace Insight

The abolition of the cap on the amount people can accumulate in pensions savings over their lifetime before having to pay extra tax (currently £1.07m) Tax-free yearly allowance for pension pot to rise from £40,000 to £60,000. It is also critical that this new early-years funding doesn’t infringe on existing rights to parental leave.

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Top tips on how employers can reduce the gender pensions gap

Employee Benefits

Women need to be aware of the impact of career breaks and part-time working on their pensions, and how they may be able to mitigate the impact. Here are some practical tips for employers on how they can reduce the gender pensions gap. Perhaps decisive policy action is needed to address the pension gender divide.

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