Compensation & Benefits
UK HR leaders doubt effectiveness of workplace benefits
HR leaders in the UK report that current employee benefits are not resonating with staff, indicating a need for more impactful and accessible perks.
Compensation & Benefits
Employee Relations
Fire service personnel offered pay rise and enhanced benefits in new deal
Firefighters and control staff receive offer for increased pay and benefits, with union leaders urging acceptance.
Compensation & Benefits
Analysis reveals long-term real wage decline across UK local authorities
TUC report reveals that real wages in 63% of UK local authorities are lower than in 2008, signifying a historic pay stagnation.
News
Gen Z office attendance rises as businesses enhance perks, reveals Virgin Media O2 Business Movers Index
Virgin Media O2 Business Movers Index reports a 10% increase in Gen Z office attendance as companies introduce enticing perks to boost in-office presence.
News
Surge in entry-level staff turnover due to pay dissatisfaction, ISE finds
The ISE survey reveals an increase in graduates and apprentices leaving jobs for better pay, a reflection of the cost-of-living crisis's impact on employee retention.
Compensation & Benefits
Report suggests raising auto-enrolment pension contributions to 12%
A new report by Phoenix Group and WPI Economics suggests that raising the minimum auto-enrolment pension contribution from 8% to 12% could boost annual UK pension contributions by £10 billion.
News
Sanctuary Housing offers staff loans amid pay disputes
Sanctuary Housing faces criticism for offering staff loans instead of wage increases amidst ongoing strikes and growing unionisation efforts.
Compensation & Benefits
National Audit Office highlights challenges in new early years entitlements rollout
The National Audit Office reports challenges in the rollout of new early years entitlements, noting significant uncertainties in sector capacity and the need for substantial increases in staffing to meet ambitious government targets.
Compensation & Benefits
Unite criticises government’s delay of the Fair Tips Act
Unite criticises the government's postponement of the Fair Tips Act to October 2024, highlighting a pattern of delays and urging hospitality workers to actively organize for their rights.
Compensation & Benefits
OneAdvanced reports significant reduction in gender pay gap
OneAdvanced reports a reduction in its gender pay gap from 11.4% to 6.2%, highlighting effective diversity initiatives.
Compensation & Benefits
Automatic enrolment success risks people “sleepwalking into retirement” – Hargreaves Lansdown
More people are saving into pensions as a result of the scheme, but only 39% of people were found to be on track for a moderately comfortable retirement, according to Hargreaves Lansdown’s research.
Compensation & Benefits
Aviva reports substantial payouts in Group Protection claims for 2023
Aviva paid £413.78 million in Group Protection claims in 2023, aiding over 8,000 employees and their families, with cancer being the leading cause across their life, critical illness, and income protection claims.