All news – Page 110
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PensionDCisions research: most DC plans to review default option
More than half (54%) of defined contribution (DC) plans intend to review or change their default strategy in the near term. This figure is up from 20% in 2009.The findings are part of the 2010 PensionDCisions UK Sponsor Default Survey, which polled 62 large UK plans, representing 630,000 DC members ...
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Research: Employees move on as pay freezes are lifted
Even though a quarter (24%) of employers who implemented pay freezes during the recession have now lifted them, 41% of office workers surveyed expect to move jobs over the next twelve months, according to a study from international recruiters Badenoch & Clark.The study, which polled more than a thousand office ...
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Research: Dental perks bring a smile to staff
Dental benefits are seen as an integral way to improve staff morale and reduce sickness absence.In Simplyhealth's Dental Survey 2010, 67% of respondents believe dental benefits improve morale, up from 51% in 2008. The figure for companies that believe dental benefits reduce absence has also increased, from 30% in 2008 ...
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Nine out of 10 employers see pension as effective recruitment and retention tool, says research
Nearly nine out of 10 employers see a pension as an effective recruitment and retention tool, though only 7% have carried out a formal assessment to confirm this, according to a survey published today by actuarial firm Punter Southall.In one of the biggest surveys of opinion among UK employers with ...
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Employee Benefits launches new research into workplace health benefits
Would you like to receive privileged access to a new piece of research into UK employers' health and wellbeing strategies?We would value your input into the Employee Benefits Healthcare Research 2010. If you respond by the time the survey closes on 22 April, we will send you an advance copy ...
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Hewitt New Bridge Street research: recession’s impact on executive remuneration
Eighty percent of FTSE SmallCap companies responded to the economic downturn by freezing executive pay and reducing bonuses, concludes a series of reports on executive reward published by Hewitt New Bridge Street.The report collates data published by companies in the FTSE SmallCap index, which comprises more than 250 businesses outside ...
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Axa research shows disparity between public and private pensions
New research from Axa found that six in 10 people believe it is unfair that public sector employees generally receive better pensions than their private sector counterparts.The research also highlighted that 44% of public sector workers agree.Findings show that a 25-year-old woman working in the private sector would have to ...
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Research finds reward is growing as a wider company strategy
Reward was found to represent 70% of a company’s total costs, making it a top management issue rather than merely the sole responsibility of compensation and benefits experts, according to new research from the HayGroup, The Changing Face of Reward.The global reward research was conducted through the survey of HR ...
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Investors in People launches health and wellbeing award
Claridge's, Kimberley-Clark and NHS Suffolk are among the first employers to be awarded Investors in People's Health and Wellbeing Good Practice Award.In total, seven employers received the award, which was launched on 11 March and recognises employers that have strengthened their organisations by investing in the health and wellbeing of ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2010
Research: who are the respondents; key findingsResearch: attitudes to flexible benefitsResearch: structure of flexible benefits schemesResearch: flexible benefits on offerResearch: tax-efficient flexible benefitsResearch: how flexible benefits schemes are administeredResearch: alternatives to flexible benefitsSponsor’s comment: Using flexible benefits can pay off in a period of change Editor’s commentAs employers have continued ...
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Research 2010: alternatives to flexible benefits
There has been a significant rise in the proportion of employers that do not think their organisation offers enough benefits to flex, says Debbie LovewellImplementing a flexible benefits scheme requires time and commitment from employers if they are to fully engage employees with the concept and optimise the plan's value.So ...
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Research 2010: structure of flexible benefits schemes
There is a growing trend for employers to enable staff to trade their existing benefits up or down rather than provide a flex pot to spend, says Debbie LovewellSince flexible benefits schemes arrived in the UK from the US in the 1980s, the industry's view of what exactly constitutes such ...
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Research 2010: flexible benefits on offer
Employers are moving towards offering a wider selection of benefits within flex, and childcare vouchers remain the most popular option, says Debbie LovewellIt can be a challenge to get the balance right when it comes to deciding on the number of options to include within a flexible benefits plan. Employers ...
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Research 2010: attitudes to flexible benefits
The recession and looming pension reforms have affected attitudes to flex, but meeting staff needs is still the top reason for offering a plan, says Debbie LovewellThe top reason to offer flex has remained largely unchanged over the 12 years Employee Benefits has conducted research in this area: that it ...
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Research 2010: who are the respondents; key findings
Our survey was carried out in January 2010, with analysis based on 354 responses from Employee Benefits’ readers and users of www.employeebenefits.co.ukKey Findings55% of respondents believe their flex scheme has been effective at reducing/containing the cost of reward.31% do not give staff a flex pot to spend, but enable them ...
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Research 2010: tax-efficient flexible benefits
The recession has seen more employers use the tax and NI savings from flex to fund business initiatives and additional pension contributions, says Debbie LovewellIn September 2009, the government made a shock announcement that it planned to phase out the tax breaks on childcare vouchers from 2011. This caused such ...
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Research 2010: how flexible benefits schemes are administered
A minority of employers administer flex fully in-house, but many still claim not to know how much their scheme costs to run per employee, says Debbie LovewellThe proportion of respondents that manage their flexible benefits scheme fully in-house has been on a downward trend over the past five years. Five ...
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Best Companies Research: Employees are less happy with benefits year on year
Employees are not as happy with the benefits they are offered as they were a year ago.Data collated so far for this year's Best 100 Companies to Work For survey took an average score over four statements put to respondents to find an overall 'fair deal' score.†The statements were: 'I ...
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Research: Employee engagement and motivation are key priorities in 2010
Employers’ key priority for benefits communication in 2010 is influencing employee engagement and motivationAlso high on the agenda is increasing staff perception of the value of benefits (67%), increasing employee appreciation of the benefits package (54%) and boosting take-up of available benefits (40%), according to Accor Services’ Future of benefits ...
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Buck research: Pension de-risking to accelerate
The transfer of pension scheme liabilities is likely to accelerate over the next three years as companies struggle with deficits, reported a joint survey from Buck Consultants and the Economist Intelligence Unit (EIU).The Future of corporate pensions survey found more than a quarter (27%) of company pension schemes plan to ...