All Employee Benefits articles in 2022 – Page 60
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ArticleUK GlaxoSmithKline staff vote to strike in pay rise row
UK GlaxoSmithKline (GSK) employees have voted to strike against a “derisory” 2.75% pay rise offer from British Big Pharma, according to labor union Unite.A total of 86% were in favour of industrial action, with staff located in Scotland, Hertfordshire, West Sussex, Cumbria and Durham taking part in the ballot. The ...
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ArticleProtech transitions to employee ownership
Hemel Hempstead-based recruitment firm Protech has transitioned to employee ownership, transferring 100% of shares to an employee ownership trust (EOT) for its 14 employees.Protech managing director Antony Cox, who bought the business in 2003 as part of a merger, owned 60% and director Roman Motyczak owned the remaining 40%. According ...
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ArticleIn-force group risk policies up 4% in 2021
New research has revealed that the number of in-force group risk policies increased by 4%, from 81,055 in 2020 to 84,369 in 2021.According to reinsurance firm Swiss Re’s Group watch 2022 report, the number of people insured rose from 13.3 million by the end of 2020 to 14.1 million by ...
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ArticleNTT Data UK hires vice president of HR
Global IT services provider NTT Data UK has appointed Evelyn Healy (pictured) as vice president of human resources, where she will head up its HR function across the UK.Healy will focus on creating a people-centred approach within the business, while also building and delivering organisational capability. Alongside this, she will ...
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AnalysisHow is technology changing the delivery of employee benefits on a global scale?
Although there are some universals, benefits are often subject to local cultural, tax and regulatory differences, which multinational organisations must then try to align with a global strategy.Digital channels can be used to create effective communication around what benefits are available in each location, as well as easing access and ...
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OpinionNorman Dreger: Creating a globally consistent employee experience
Employee benefits are a critical part of any HR strategy, empowering businesses to attract and retain top talent while supporting their people during the moments that matter. Although the global workforce has been forced to cope with unprecedented change in the past few years, this can be a unifying experience ...
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OpinionKate Bishop: How technology improves benefits delivery
If you turned the clock back two decades, the employee benefits technology portfolio would have been much more limited than it is today, with employees informed of offers via notice-boards or generic emails. There was little flexibility, personalisation or two-way engagement.Today, that has all changing. A survey carried out by ...
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ArticleUK workplace pension participation up to 79% in 2021
The Office for National Statistics (ONS) has revealed that the workplace pension participation rate in the UK was at 79%, the equivalent of 22.6 million employees, in April 2021.This was a slight increase from 78% in 2020, which the ONS said could be partly be explained by increased public sector ...
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ArticleAsda partners with Workday for enhanced employee experience
UK supermarket chain Asda, which employs more than 140,000 people, has selected finance and HR cloud application provider Workday as part of its aim to support its global workforce by delivering an enhanced employee experience.According to the supermarket, it chose Workday to gain a unified view of its workforce and ...
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Article46% of HR teams gather data about reward inequalities
Research from HR solutions firm XpertHR has revealed that 46% of HR teams captured data about reward inequalities and 53% gather metrics on their diversity and equality.For its HR Roles and Responsibilities 2022 survey, XpertHR canvassed HR professionals at 242 UK organisations, with a combined workforce of 154,517 employees. Two-thirds ...
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ArticleAxa UK becomes menopause friendly employer
Insurance firm Axa UK, which employs around 10,000 members of staff, has been accredited as a menopause friendly employer.The accreditation, which recognises inclusive employers that build awareness and understanding of how menopause can have an effect at work, was awarded after an independent panel of experts assessed its practices, policies ...
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Supplier article4 TIPS FOR MANAGING AND SUPPORTING MENTAL HEALTH AT WORK
Is your organisation seeing an increase in work-place stress, depression or anxiety? If so, you’re not alone. Although the rate of workplace mental health issues remained flat during the first half of the 21st century, it’s been on the rise since 2010, and the Covid-19 pandemic caused ...
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OpinionCharlotte Clewes?Boyne: The consultation on the draft pensions dashboard regulations
The pensions dashboards project, spearheaded by the Department for Work and Pensions (DWP), is gaining pace, designed to give people more control over their pensions. The cost of building the central infrastructure will be borne by the government, but there will also be a cost to employers. It is worth ...
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ArticleApp Drivers and Couriers Union to take action against Uber's pension
The App Drivers and Couriers Union (ADCU) has commenced legal action after representatives wrote to Uber to request that the pension provision arranged for drivers be made Sharia compliant.Sharia compliance requires that pension funds should not be invested in businesses involved in activities not accepted by Islam, such as the ...
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ArticlePensionBee reports 2% median hourly pay gap
Online pension provider PensionBee has reported a 2% median hourly pay gap and a 0% median bonus pay gap in its most recent gender pay gap report.According to the provider, which has an employee base of 138, these gaps are in line with its 0% target, with a variance of ...
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ArticleEmployee Benefits Awards 2022 Benefits Professional of the Year award shortlist revealed
The shortlist for the Benefits Professional of the Year category at the Employee Benefits Awards 2022 has been unveiled.The Benefits Professional of the Year award celebrates in-house HR and benefits professionals who have made a significant contribution to their organisation and to the industry as a whole.The full category shortlist ...
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AnalysisAdapting pay strategies to cope with the cost-of-living crisis
Need to know:Sweeping pay rises may not be achievable for many employers, but spot bonuses can help staff without as heavy an impact on yearly budgets.Financial wellbeing and flexible pay tools can help employees gain greater flexibility and control over their money.Effective communication of the benefits available to staff, as ...
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Case StudiesPromoVeritas focuses on pay to provide security for staff
In a move to help staff cope with the soaring cost of living, promotional marketing agency PromoVeritas announced an across-the-board 6.5% pay rise for its 40 employees in March 2022, and a rise of 8% for those who achieved a performance score of eight out of 10 or higher in ...
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OpinionKatherine Chapman: As costs rise, how can pay strategies help employees make ends meet?
We are living in unprecedented times, with inflation at a record high and spiralling energy and food bills. The worst income squeeze on record lies before us and no one will feel it more sharply than the nearly five million people in low-paid and insecure jobs, already struggling to meet ...
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ArticleTesco to pay staff thank-you bonus of 1.25% of annual wages
Supermarket chain Tesco has introduced a thank-you bonus of 1.25% of annual wages for its store, customer fulfilment centre and customer engagement centre staff.This bonus has been implemented to recognise the hard work of Tesco employees during the industry challenges of the past year, and will apply to between 280,000 ...