Ireland: Lidl becomes first supermarket to adopt new Living Wage Comp and Ben @en German supermarket chain Lidl announced on 20 October that it will increase the minimum wage across its operations in Ireland to €13.85 per hour. With this move, Lidl becomes the first major employer in the country to meet the new Living Wage level set for the year 2023.
Great Britain: Deloitte employees can opt to access a portion of their supplementary pension funds before they retire Comp and Ben @en On 04 October, the international professional services network giant headquartered in London announced that its 22,000 UK employees will now be able to receive the firm’s company pension contribution as an additional cash payment included in their regular salary. This unprecedented change is one of a series of other measures aimed at improving employees' family life, including the introduction of paid leave in the event of loss at any time during pregnancy.
Shopify to let staff decide the breakdown of their remuneration Comp and Ben @en Canadian e-commerce firm Shopify, which has seen its share price plummet 75% in the space of a year, has decided to adjust its remuneration system. The company's workforce, which stands at 10,000 employees worldwide, will be able to choose how their pay is split between cash and shares. Shopify's management hopes to restore commitment and motivation among its staff, after announcing on 26 July that it was laying off 10% of its workforce.
Free United Kingdom: Virgin Money to pay out £1,000 bonus to help staff cope with inflation Comp and Ben @en On 19 August, UK bank Virgin Money is to pay 78% of its staff a £1,000 (€1,175.31) bonus help them deal with the soaring cost of living.…
Free Austria: KPMG hands €3,000 pay rise to all employees Comp and Ben @en From 1 July 2022, all employees of the Austrian business of audit and consulting giant KPMG will see their annual base salaries increase by €3,000.…
Free U.S.: Starbucks excluding unionized employees from its wage hike plan Comp and Ben @en On 03 May, Starbucks CEO Howard Schultz announced wage increases for all U.S. employees, except those who have joined, or are in the process of joining a trade union.…
Free United Kingdom: Aviva hands company shares to staff as a thank you Comp and Ben @en UK insurance group Aviva announced in its full-year results statement for 2021, published on 2 March,…
Free Great Britain: free health check screening and salary increases at Marks and Spencer Comp and Ben @en On 16 February, the UK retail chain announced its intention to enhance its employees’ health and wellbeing benefits by offering a Virtual GP service,…
Free Ikea Retail (Ingka Group) to pay out €110 million in Covid bonuses to its employees Comp and Ben @en In view of their ‘exceptional adaptability and entrepreneurial spirit’ shown since the beginning of the pandemic, the furniture and home furnishing retailer will pay staff a total of €110 million in bonuses,…
France: salaries are a central concern for HRDirectors Comp and Ben @en In an environment of pressure on purchasing power and manpower shortages across certain professions, the question of salaries is becoming a major concern for companies. According to a survey conducted by the ANDRH*, nearly half of the sector's professionals are looking to change their compensation policies in the months ahead. However, the association also warns that excessive salary increases could eventually threaten employment.
