Pay awards rise to 4.9% but 1 in 20 deals are pay freezes
Median pay awards increased to 4.9 percent in the three months to the end of April 2024 from 4.6 percent for the quarter before, data from Brightmine has shown....
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Financial benefits
Group risk pay outs hit record £2.49 billion in 2023
The UK group risk industry paid out a record £2.49 billion in claims in 2023, representing an increase of £278.4 million from 2022, according to data from industry body...
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Nearly half of Britons miss out on ISA tax perks; research finds big knowledge gap
As recent analysis revealed that soaring inflation in recent years has made the UK a population of savers, further research has found that 47 percent of British people do...
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AI to shake up 60% of jobs in advanced economies, global research shows
ChatGPT has already led to a decrease in employment and earnings for freelance writers, editors and proofreaders, but this type of advanced AI is expected to impact well over...
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Hunt revisits aim to abolish ‘most economically damaging tax’
Chancellor Jeremy Hunt has called employee national insurance contributions (NIC) “the most economically damaging tax” as he reiterated his ambition to abolish it. Speaking at a Conservative event in...
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MPs demand action as carers scandal ‘remains significant’ for workers
Action to stop the scandal of carer’s allowance overpayments and delayed clawback is required urgently, MPs warned, adding that overpayments “remain a significant issue” for unpaid carers that also...
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Salary sacrifice and termination payments – avoiding the tax traps
Handling staff exits is challenging enough without falling foul of tax rules that affect termination payments. Avoid an awkward chat with HMRC by getting a grip on how common...
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Can the UK sustain its mini pay recovery?
ONS figures out today (14 May, 2024) indicated that the UK jobs recovery is faltering but the big question is whether what remains of the recovery will be enough...
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Employers in the dark as almost half of employees in financial distress
The UK workforce is experiencing “significant psychological distress" as people face ongoing financial pressures, according to the 2024 State of Financial Wellbeing Index. In the past three months, 47...
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Lack of digital skills and capacity delays pensions dashboards roll out
The delivery of pensions dashboards that will enable people to view all their pensions online, in one place, is being stymied by a lack of digital skills and capacity....
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BENEFITS UNBOXED PODCAST
Benefits Unboxed
The podcast from Benefits Expert, the title for HR, reward and benefits professionals.
Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.
The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.
Benefits Unboxed – Hybrid work: reality versus rhetoric
Return-to-office mandates are a topic that’s generating plenty of heat in the media, but how closely do the headlines match workplace reality?
In this episode, one of a three-part series of 10-minute podcasts, hosts Claire Churchard and Steve Herbert discuss data that shows remote or home working is on the rise.
We look at what this means for HR, from balancing employee flexibility with business needs, to ensuring benefits packages remain fair and accessible. We discuss the pinch points, and the opportunities, in building the new normal of work.
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GUIDE TO CASH PLANS
