All news – Page 100
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Policy Exchange research: Public sector receive 43% more in pay and pensions than private sector
Public sector staff receive 43% more in pay and pensions than employees in the private sector, according to research from think-tank Policy Exchange.The research, Public and private sector terms, conditions and the issue of fairness, shows that despite the coalition government’s attempt at pay restraint, public sector salaries continued to ...
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Canada Life research: Most employees would move jobs for better benefits
More than half (52%) of employees would take a job at a new organisation if it offered better benefits, according to research from Canada Life Group Insurance.Of those who would move organisations for better benefits, 13% would do so because they value benefits highly, and 19% because of the prospect ...
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Xafinity research: Pension liabilities climb to £1.5 trillion
Pension scheme liabilities have climbed to £1.5 trillion, according to the Xafinity Corporate UK Pension Scheme Model.Based on assumptions as at 30 April, higher asset values have tempered the increase a little, but the aggregate deficit has now reached £430 billion.Hugh Creasy, director at Xafinity Corporate Solutions, said: “The benign ...
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IDS research: Median pay award remains steady at 2.5%
The median pay award in the UK remained steady at 2.5% in the three months to March 2011, according to the latest IDS Pay Report by IDSPay.co.uk.Some 61% of all pay deals were recorded in a range between 2% and 3% inclusive, while 83% of settlements were at 2% or ...
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Benefits Research 2011: Benefits strategies
The economic difficulties of the past few years have inevitably left their mark on organisations. Tough circumstances have seen employers focus on getting the best possible return for their investment, while working to sustain staff motivation and engagement through difficult situations, such as redundancies and other cost-cutting exercises.These remain key ...
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Benefits Research 2011: Responsibility for and branding of benefits
Who is responsible for organisations' benefits decisions has changed little in recent years. As reward, compensation and benefits have increasingly been recognised as an HR specialism, the profession has seen a rise in status. This is reflected in an increase in responsibility given to compensation and benefits or reward directors ...
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Benefits Research 2011: How employers offer benefits
Most employers still offer traditional core benefits to at least some of their employees. But beyond this, where employers offer benefits through another mechanism, the market has seen a significant shift in the way perks are offered, largely because of product and provider evolution.In recent years, this has resulted in ...
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Benefits Research 2011: Core benefits provision
Apart from the occasional switching of the benefits in first and second place, there has been little change in the top core benefits offered to all staff over the past seven years. This year, life assurance (also known as death in service) is the most commonly offered core benefit just ...
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Benefits Research 2011: Voluntary benefits provision
Voluntary benefits schemes have advantages for both employers and employees. For employers, they can be a cheap, cost-effective way to offer benefits, particularly if budgets are limited, or they are looking to provide something extra at little additional cost. For employees, voluntary benefits can help stretch their salaries a bit ...
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Benefits Research 2011: Benefits offered through salary sacrifice
Given the tax and national insurance (NI) savings that are up for grabs when offering tax-efficient benefits through salary sacrifice, it is perhaps not surprising that 93% of respondents offer benefits on this basis to some, if not all, of their workforce. This is a rise of six percentage points ...
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Benefits Research 2011: Flexible benefits provision
Flexible benefits schemes have attracted a lot of attention from employers, but this has been relatively slow to translate into action. Although the number of employers offering flex schemes continues to rise, it has typically been at a much slower rate than for voluntary and salary sacrifice schemes. This year, ...
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Benefits Research 2011: Changes employers have made to their benefits package
Despite the continuing tough economic conditions, just under half (45%) of respondents to this year's survey have introduced a new benefit in the past year.Ensuring that a benefits package remains fresh and relevant to employees is a surefire way of keeping staff engaged and interested in what is on offer. ...
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Benefits Research 2011: Legislation
After being in the pipeline for a number of years, the Pensions Act 2008 is now looming large, with the legislation set to come into effect for the first tranche of organisations next year. This will see the introduction of automatic enrolment to a qualifying pension scheme, compulsory minimum employer ...
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Benefits Research 2011: Key findings
The aim of this study was to find out which benefits UK employers offer to their staff and how these are delivered. We wanted to find out the impact of the benefits strategies employers use and the issues that shape them, including how legislation such as the forthcoming pension reforms ...
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Benefits Research 2011: Sponsor's comment: A delicate balancing act
The struggling economy is still dictating many employers' actions on benefits, says Stephen Watson, head of defined contribution at Alexander Forbes Consultants and Actuaries.Regardless of employer size, a common theme emerges from this year's research – the very real twin challenges all organisations are facing: to increase productivity levels while, ...
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Portus Online research: Law partners value perks
Some 84% of partners at UK law firms say a comprehensive benefits package is important, but this is not always reflected in the packages organisations provide, according to the HR in Law Equity Partner Benefits Survey published by Portus Online.The research, involving 48 law firms, found 84% do not offer ...
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Health Shield research: Fitness is one of fastest growing healthcare benefits
Fitness options are one of the fastest-growing and most popular healthcare benefits, according to research by cash plan provider Health Shield.A survey of more than 20,000 cash plan members, found that in 2010 65% of 18 to 24-year-olds said they valued having the fitness benefit as part of their health ...
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Employee Benefits/Alexander Forbes Benefits Research 2011
Download a PDF of the Employee Benefits/Alexander Forbes Benefits Research 2011Benefits research 2011: Key findingsBenefits research 2011: Benefits strategiesBenefits research 2011: Responsibility for and branding of benefitsBenefits research 2011: How employers offer benefitsBenefits research 2011: Core benefits provisionBenefits research 2011: Voluntary benefits provisionBenefits research 2011: Benefits offered through salary sacrificeBenefits ...
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EEF/Westfield Health research: Sickness absence levels fall
The level of sickness absence has fallen from an average of 6.7 days in 2007 to five days in 2010, according to a survey from the EEF and Westfield Health.The EEF/Westfield Health 2011 Sickness Absence Survey shows a direct correlation between the organisations with strategies in place to train managers ...
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Mercer research: European pension funds concerned about inflation
European pension funds are increasingly worried about the potential impact of inflation shocks on their portfolios as markets remain volatile, according to research conducted by Mercer.The consultancy's annual European Asset Allocation Survey of more than 1,100 European pension funds found that 80% of respondents are now more concerned about the ...