All news – Page 104
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PensionsFirst research: Funding deficits of FTSE 100 pension schemes have fallen
The funding deficits of FTSE 100 pension schemes have reduced, according to research conducted PensionsFirst(PF).The latest PF Risk Report, a monthly analysis of defined benefit (DB) pension risk for UK FTSE 100 firms, found that the proxy funding deficit now stands at £84 billion, compared to £134 billion in August.†Despite ...
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Randstad research: Few employers have assessed impact of Agency Workers Regulations
Only 7% of UK employers have conducted an assessment into how they will be impacted by the Agency Workers Regulations (AWR), according to Randstad’s Shifting Sands report.Over a third (37%) of respondents admit they are unfamiliar with the regulations.The AWR, which will come into force on 1 October 2011, will ...
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Executive Offices Group research: Flexible working enhances productivity
The majority (87%) of respondents to the Executive Offices Group’s (EOG) Customer Service Survey said the greatest benefit for an employer offering flexible working is an increase in the efficiency and output of staff.Respondents to the survey, which included entrepreneurs and small and medium enterprises (SMEs) from the financial services, ...
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Working Families research: Employers prepared for additional paternity leave
More than half (60%) of employers have already updated their policies to reflect the introduction of additional paternity leave (APL) and additional statutory paternity pay (ASPP), according to a survey carried out by Working Families.The APL Survey, which polled 250 employers, aimed to determine UK organisations’ readiness for the changes ...
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ALD Automotive research: Financial directors more concerned with rising fuel costs than VAT increase
Over half of UK financial directors (53%) are more concerned about the impact of the rising price of fuel on their business than the recent VAT rise, according to research from ALD Automotive.The ALD corporate survey also found that one in ten respondents would expect their business to make redundancies ...
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Aviva research: Employee wellbeing is primary concern during long-term absence
Over half of employers (61%) said their primary concern when an employee goes on long-term absence is the individual's health and wellbeing, according to Aviva UK Health’s 360 Degree Absence Management study.A further 23% were anxious about the pressure this absence would put on other employees’ workloads.Nearly half (50%) of ...
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Standard Life research: Employers feel responsible for employees’ financial security
Eight in ten (80%) employers feel responsible for their employees’ financial security, with nearly a quarter (22%) feeling primarily responsible.†According to Standard Life’s Insights into Financial Responsibility (IFR) report, 65% of employers believe employee communication has improved over the past five years. However, almost the same number of employees (64%) ...
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Wilkins Kennedy research: Staff participating in payroll giving falls
The number of employees who give money to charity through payroll has fallen by 30,000, according to research from accountancy firm Wilkins Kennedy.In the past 12 months, the number of employees taking part in payroll giving fell from 754,000 to 724,000. This has previously peaked in 2007/08 with 758,000 members.Although ...
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Ortus research: HR professionals' incomes rose in 2010
The incomes of HR professionals’ rose by 12% in last year, according to research by HR recruiter Ortus.The increases were fuelled by higher-than-expected bonus payments with £9,800 paid in bonuses for every HR worker in the city and the south-east. Ortus' survey of almost 900 HR professionals also showed the ...
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CIPP research: Payroll giving popular among pay professionals
Payroll giving is popular among payroll professionals, according to research by the Chartered Institute of Payroll Professionals (CIPP).The CIPP Payroll Giving Schemes survey found that nearly three-quarters (73%) of payroll professionals operated payroll giving within their organisations.Of those that do not run a scheme, 18% said they are considering implementing ...
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PWC research: Employers to use more non-financial rewards to motivate staff
Organisations in the UK will use more non-financial rewards to motivate staff, according to a PwC’s 14th PwC Global CEO survey.The survey is based on 1,200 interviews conducted from September to November 2010 with CEOs in 69 countries.†The UK data is based on 71 interviews conducted with UK-based CEOs.While 58% ...
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Maplecroft research: Pension promises will put pressure on the UK
The UK is one of the European countries that is most exposed to fiscal risk due to the pension and health pledges to its ageing population, according to statistics released by Maplecroft.The mapping firm's Fiscal Risk Index - a ranking of 163 countries - showed that the UK, France, Germany, ...
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Grid research: Employers unprepared for removal of pre A-day rules
Employers are unprepared for the removal of the earnings cap and other pre A-day rules on 6 April 2011, according to research from Group Risk Development (Grid).The Group Risk Employer Research study found that a third (32%) of employers are undecided about what action to take when pre A-day rules ...
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XpertHR research: Private sector pay rises set to increase
Employee pay rises in the private sector are set to increase, according to research from XpertHR.The report, which looked at 99 pay awards settled in the three months to the end of January 2011, found that the median basic pay deal in the three months to the end of January ...
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Aon Hewitt research: DC pension pots shrink
The projected retirement income for members of defined contribution (DC) schemes has fallen in the past year, according to the Aon Hewitt DC Index.The index found that the projected annual retirement income for 60 year olds has fallen by £751 from £11,216 to £10,465.A 65 year old’s projected retirement pot ...
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Prudential research: Two-thirds of workers will postpone retirement
Nearly two thirds (62%) of those who had planned to retire in 2011 would consider postponing their pension and continuing to work in order to boost their retirement income, according to Prudential’s Class of 2011 research.This figure has increased since last year when 57% of those questioned said they would ...
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Mercer research: Cost of providing health benefits increases
The cost of providing healthcare and health-related benefits to employees in Europe rose by 3.3% in 2010, a sharper increase in many economies than was seen in salaries and general inflation.According to Mercer's 2010 pan-European survey on employer health benefits, which received responses from 556 employers, companies in the UK ...
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Shilling research: Majority of staff distrust financial institutions
Just one in 20 employees (5%) believe that financial institutions, including pensions companies, are always honest.According to Shilling Communication: Pension Snapshot, which was carried out by YouGov on behalf of Shilling Communication, levels of cynicism were lowest among young workers. For example, of those aged between 18 and 29, 16% ...
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Eversheds research: Employers uncertain over removal of the default retirement age
One in seven employers may retire employees over 65 while they still can under the current regime, according to research from Eversheds.The research, conducted among 330 employers, found that nearly two thirds (63%) of respondents intend to abandon mandatory retirement after 1 October this year, while only 1% (three respondents) ...
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CIPD/KPMG research: Pay increase expectations have fallen
Basic pay increase expectations by employers have fallen to 1.3% from 1.5% during the past three months, according to this quarter’s Labour Market Outlook from the†Chartered Institute of Personnel and Development (CIPD) and KPMG.The survey, which polled 750 employers, also found that average pay settlements in the public sector are ...