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How employee benefits offer value for money

How employee benefits offer value for money

Every pound spent on employee benefits is a pound that could boost your profits. That's why it's vital to ensure your benefits package aligns perfectly with what your employees need and valueIf you want to provide great employee benefits but are constrained by budget, there are some company perks that not only keep your employees happy, but can also provide serious value for money. Whether it’s leveraging tax-efficient Salary Sacrifice schemes or taking a more holistic approach such as flexible working, it’s definitely possible to offer great benefits while boosting your bottom line. (more…)

Older workers will be essential in a changing global economy

Older workers will be essential in a changing global economy

A new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortagesA new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortages. The study focuses on the demographic of employees aged 50 and above, whose experience, stability, and institutional knowledge make them invaluable assets to businesses. It reveals that while older workers often demonstrate adaptability, problem-solving abilities, and a strong work ethic, organisations frequently overlook their contributions due to outdated stereotypes and rigid employment practices. (more…)

Beyond the jargon: what insurance benefits really mean to your team

Beyond the jargon: what insurance benefits really mean to your team

Here’s a jargon-free guide to the different insurance benefits you can offer your employees, and the real-life impact they have on your team.Offering a comprehensive employee benefits package is more important than ever, and  Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. But with so many products out there, and terms like “Group Income Protection” and “Critical Illness Cover” making many people’s eyes glaze over, it can be hard to determine the right product for your people – and what they really offer. (more…)

Getting the long term unemployed back into work will transform the economy, says Government adviser

Getting the long term unemployed back into work will transform the economy, says Government adviser

He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the "toxic" reliance on immigrationThe rising costs of welfare and the country’s increasing dependency on immigration have become significant concerns, prompting a call for reform from a prominent government health adviser. Alan Milburn, a former health secretary, has emphasised the need for individuals with long-term illnesses and others stuck in a cycle of long term unemployment to actively seek employment. He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the “toxic” reliance on immigration for the workforce. (more…)

Four day work week campaigners launch new project in wake of successful pilot

Four day work week campaigners launch new project in wake of successful pilot

Campaigners advocating for a four day work week are gearing up for a fresh pilot project aimed at promoting flexible working practices.Campaigners advocating for a four day work week are gearing up for a fresh pilot project aimed at promoting flexible working practices. The initiative is set to launch in November, with participating companies currently being invited to sign up. The findings from this project will be presented to the government in the summer of 2025. The push for a four-day working week, notably with no reduction in pay, has gained significant traction in recent years, particularly following the Covid-19 pandemic which reshaped workplace expectations. In 2022, a previous UK pilot saw 61 companies participate, and 54 of them continued the practice a year and a half later. Similar initiatives have also been conducted in Germany, Portugal, Spain, and Iceland. (more…)

Greece goes against the flow by opting for a six day working week

Greece goes against the flow by opting for a six day working week

While countries around the world are exploring the idea of shorter work weeks, Greece has taken what many people may think is a surprising step in the opposite directionWhile countries around the world are exploring the idea of shorter work weeks, Greece has taken what many people may think is a surprising step in the opposite direction. In an effort to boost productivity, the country has implemented a mandatory six-day workweek for certain employees. (more…)

Britain is no longer a nation of shopkeepers, but it is divided by the work we do

Britain is no longer a nation of shopkeepers, but it is divided by the work we do

An analysis of workforce data suggests that the work people do in different parts of the UK varies enormously, especially compared to LondonFollowing last week’s news that the fastest growing job category in the US isn’t necessarily the one you’d expect, a new report from HR software provider Ciphr, based on ONS data, claims to identify which jobs are the most disproportionately common in each part of the UK. The report analyses the latest regional employee estimates for over 370 occupations to find out which work roles (with at least 5,000 full-time employees) appear to be more concentrated, or over-represented, in some places more than others. (more…)

Since the pandemic, people now work six fewer months over the course of their lives

Since the pandemic, people now work six fewer months over the course of their lives

As the UK government warns that the state pension age might need to rise, a new report from the the International Longevity Centre UK (ILC) claims that, between 2019 and 2022, people’s work span in the UK fell by 6 months. The report argues that, to enable more people to stay healthy and be in work for longer, the next government should invest more in preventing ill health, supporting people to stay in work and building healthier behaviours. (more…)

Manchester Airport City plan reinvented as £ 1 billion science and tech hub

Manchester Airport City plan reinvented as £ 1 billion science and tech hub

In a significant development, the ambitious £1 billion plan to transform a 60-acre site adjacent to Manchester Airport is being rebooted. The project, now known as MIX Manchester, aims to create one of the largest science and innovation campuses in the UK, spanning an impressive 2 million square feet of advanced manufacturing and science space. Notably, it will be the only campus of its kind situated next to an international airport, promising exciting opportunities for growth and collaboration. (more…)

Government to scrap employment programme for disabled people

Government to scrap employment programme for disabled people

two people talking to illustrate the growing number of disabled people in self-employmentA £100 million program designed to help disabled people find work in England and Wales has been quietly cancelled, raising concerns as the government pursues plans to reduce disability benefits. The Work and Health Programme (WHP), launched in 2017, will cease operation this autumn. This news comes amidst Prime Minister Rishi Sunak’s proposed benefit cuts for 420,000 sick and disabled individuals, aiming to push them into employment. Charities warn these cuts could leave many in poverty. (more…)

Sick pay reform should encourage people back into work, government claims

Sick pay reform should encourage people back into work, government claims

A parliamentary committee of MPs has called for a 'long-overdue' boost to statutory sick payA parliamentary committee of MPs has called for a ‘long-overdue’ boost to statutory sick pay (SSP), emphasising the need to strike a delicate balance between workers’ wellbeing and employers’ financial constraints. The Work and Pensions Committee has recommended aligning the SSP rate with the flat rate of Statutory Maternity Pay, a move that they say could significantly improve the financial safety net for workers. (more…)

The sector responds to the Spring Budget

The sector responds to the Spring Budget

Yesterday’s Spring Budget included a number of announcements that affect the various people, place and technology professions in the UK. These include a cut in National Insurance, pension fund reforms, support for working parents, AI, helping people back in to work and more. You can see the Government’s own summary here. The various industry sectors have been quick to respond to the announcements. You can see what some people have had to say below, in no particular order. (more…)