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employee benefits news articles

One thing is certain: Employee benefits are no longer playing a supporting role in matters of compensation. To stop this from being on people's minds, childcare vouchers are a popular salary sacrifice arrangement for businesses and employees, where parents contribute some of their pay in exchange for vouchers. The latest news, covering all areas of employee benefits, including pay, pensions and health and wellbeing; how organisations are approaching their employee benefits programmes; tax and legislation; and the latest research news. Coronavirus update: Click here to read the our latest information for customers and suppliers. Employee benefits have become more useful than ever as a tool to motivate and support employees during this economic uncertainty. Click here to read the our latest information for customers and suppliers. Childcare vouchers are among the most popular employee benefits available, with 41% of staff wanting vouchers through a salary sacrifice arrangement. With public sector pay freezes keeping wages below inflation, discounts on shopping and leisure activities can be very helpful in helping employees stretch their pay further. If you continue browsing, we assume that you consent to our use of, Kraft Heinz Company reports mean gender pay gap of -6.5%, World of Books gives employees early access to pay, Rostrum introduces health and wellbeing scheme for staff, Hermes UK launches mental health first aiders programme, High Court rules on GMP equalisation of transfers, 94% of employers have introduced measures to support staff welfare, Anglian Water reports 5.7% mean gender pay gap, Home Bargains rewards 22,000 employees with two weeks’ extra pay, 33% of employers have reviewed sickness policies due to Covid-19, The top 10 most read stories between 12 November – 18 November, Silentnight and Tielle Love Luxury looking to hire experienced sleepers, Hala Group launches wellbeing platform to support 2,000 staff, NHS Greater Glasgow and Clyde becomes accredited living wage employer, Paypal gives US employees early access to pay, West Yorkshire and Harrogate Health and Care Partnership launches wellbeing hub. With public sector pay freezes keeping wages below inflation, discounts on shopping and leisure activities can be very helpful in helping employees … of all kinds – here, our experts discuss why they’re so effective. Apply online here. At Sodexo, we work with 25% of all councils across the UK, supporting public sector workers with benefits. This means the. Mental health offerings. Dr. David G. Javitch discussed the benefits of flexitime for employers in an article for Entrepreneur: “Because employees are often so glad that their employers are willing to allow for a work-life time adjustment, they tend to work harder and in a more dedicated fashion to hold on to their now-perfect schedule and re-balance their lives.”. will suffer an average pay loss of £1,700 by 2020, compared to 2010. , cuts to public services still remain. Low wages can be damaging to employees health, with. Registered in England and Wales no. Our website uses cookies to improve your user experience. has an award-winning employee benefits scheme that includes annual leave purchase, allowing staff to buy extra holidays and hours reduction, providing the option of more leisure or family time and helping to redress the work/life balance. 6776955. Here are some of the top employee benefits to look for this enrollment season: 1. Do you need to register? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. and the value of the pound still fluctuating day by day has everyone cautiously watching their finances for life post-Brexit. If you continue browsing, we assume that you consent to our use of cookies. are very popular. Flexible working certainly has its benefits, but it does come down to each individual's circumstances and whether their requests are reasonable. They have stepped into the spotlight at center stage. Discounts can vary from general retail vouchers to vouchers for groceries, as well as popular online retailers, entertainment and money off on days out for families. 84% of millennials prefer experiential rewards. 48% of business leaders freezing pay last year, . DVV Media HR Group Limited. It’s important to consider the needs of your entire workforce and ensure that your benefits programme has something for everyone. More information can be found in our Cookies and Privacy Policy. Registered office 1st Floor Chancery House, St Nicholas Way, Sutton, Surrey SM1 1JB, to improve your user experience. In 2020, employee benefits and your … Visit the catalogue website And while it can be great for employee motivation, with lack of supervision it’s difficult to determine if their contribution is as high as when they’re in the office. such as cinema tickets or leisure discounts, whereas staff with children will likely favour childcare support or discounts that knock money off the weekly family shop. on average globally, 60% of parents would be willing to go into debt themselves to pay for their child’s education. found that people who went away on holidays saw their blood pressure drop, sleep quality improve and their resilience to stress increase by 29%. The latest news, covering all areas of employee benefits, including pay, pensions and health and wellbeing; how organisations are approaching their employee benefits programmes; tax and legislation; and the latest research news. discussed the benefits of flexitime for employers in an article for Entrepreneur: “Because employees are often so glad that their employers are willing to allow for a work-life time adjustment, they tend to work harder and in a more dedicated fashion to hold on to their now-perfect schedule and re-balance their lives.”. Benefits will become central to the employee value proposition. finding they have become the first employees to suffer a cut in real wages due to high inflation. Log in to our online catalogue Sodexo, a supplier on our Staff Benefits framework (319), talk about the variety of options available for the public sector when considering staff benefits for its workforce. Make employees' money go further Everyone loves a good bargain, so benefit programs that provide discounts for employees are very popular. low wage workers have increased stress levels and are more likely to participate in unhealthy behaviours like smoking. Vouchers are exchanged for pre-tax salary, meaning it's much more cost-effective and can save parents hundreds of pounds a year as a result.

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