Long Service Awards: what’s the best approach for my business?
WEBJun 26, 2018 · Payments for 20 years’ service are also worth £300 at the median, although in one organisation this rises to £7,500. Other generous awards include one month’s salary, and four weeks’ paid leave. One organisation gives employees £200 to donate to a charity of their choice. Among the handful of organisations marking 50 years, the typical ...
Employee Benefits
WEBJul 1, 2006 · Building an inclusive benefits strategy. The market-leading website for the reward and employee benefits industry in the UK. It supplies the latest news, analysis, compliance issues and research. as well as a vast reference library on employee benefits.
How to help staff trace and consolidate small pension pots
WEBAug 22, 2024 · The UK is sitting on a ticking timebomb when it comes to small, and forgotten or lost, pension pots, whether these are older employer schemes or more recent auto-enrolment plans.The Pensions Policy Institute’s briefing note, Lost pensions; what’s the scale and impact? published in October 2022, estimates lost pension pot values have increased 37% to over £26.6 billion in recent years ...
Benefex acquires Capita’s employee benefits business
WEBDec 2, 2020 · Online benefits platform provider Benefex has acquired Capita’s employee benefits division. The acquisition includes Capita’s health, risk, global, defined contribution (DC) pensions, and flexible benefits consulting, as well as its Orbit benefits platform. Following the acquisition, more than 100 employer clients will be transferred to ...
The benefits offered by Royal Mail
WEBMay 1, 2019 · Royal Mail’s enhanced sick leave policy provides six months of leave at full pay in any calendar year. Further sick leave of up to 12 months in any four-year period is at half pay, and any additional leave after this is paid at statutory rates. A bikes-for-work scheme. An employee assistance programme (EAP).
Buyer’s guide to total reward statements - Employee Benefits
WEBAug 1, 2024 · Total reward statements can also help to provide greater clarity and transparency around reward, useful given eight in 10 employees underestimate the value of their total reward by up to 30%, according to Benefex. Total reward statements are most often updated yearly. An employee will receive one …
Tesco focuses on pension scheme members’ retirement outcomes
WEBAug 12, 2021 · Ruston Smith, non-executive chair of the Tesco Pension Fund and a former chairman of Pensions and Lifetime Savings Association (PSLA), highlights the need for employers generally to maintain focus on member outcomes in retirement, particularly in regard to auto-enrolment schemes that may have …
What could the Labour government mean for employers' reward …
WEBAug 20, 2024 · More worker rights . Central to the Labour government’s plans is its Employment Rights Bill. This seeks to ban exploitative practices and enhance employment rights, with headline grabbers including a ban on zero-hour contracts and fire and rehire, plus the introduction of day-one rights for sick pay, parental leave and unfair dismissal.
Xexec launches Chrome Extension revolutionising employee benefits
WEB1st February 2021 11:07 am. Xexec has launched the first-of-its kind Chrome Extension for every user of its employee discounts platform, revolutionising employee benefits. Available to all clients, Xexec’s new Chrome Extension will automatically present relevant deals straight from the portal to every employee using the Chrome Search Engine.
Legal Obligations and Beyond: An Employer's Guide to UK Benefits
WEBAug 8, 2023 · Primarily working in the UK (this includes those traveling abroad for work) Employees wishing to not participate must actively opt out. As an employer, it’s your responsibility to contribute at least 8% towards an employee’s pension every month, typically split as: 3% from the employer. 5% deducted from the employee’s pre-tax salary.