All news – Page 99
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Government launches consultation on abolishing tax reliefs
The government has launched a consultation on the removal of 36 tax reliefs including the provision of meals for bikes for work, luncheon vouchers, and life assurance premiums and life assurance premiums paid by employers under employer-financed retirement benefits schemes (Efrbs).This follows Chancellor George Osborne’s announcement in the 2011 Budget ...
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NAPF research: Only 49% of UK using a pension scheme for retirement savings
Only half (49%) of UK employees are saving for their retirement through a workplace or private pension.But 8% are relying on a lottery win and 9% are banking on an inheritance windfall, according to research from the National Association of Pension Funds (NAPF) and YouGov.The research, which surveyed 4,177 UK ...
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HSBC research: Britons burying their head in the sand over pensions
Britain’s ‘Ostrich Generation’ ignores or refuses to respond to the changing nature of pension provision, according to research by HSBC.The Future of Retirement: The power of planning report found that although British workers fear they are under-prepared, the majority are burying their heads in the sand and not making any ...
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CIPD research: More than half of employers want to align reward with business strategy
More than half of employers (59%) want to ensure that their reward package is closely aligned with the organisation's business strategy, according to the Chartered Institute of Personnel and Development (CIPD).The CIPD's Reward Management Survey 2011, produced in partnership with Benefex, also showed that employers wanted to make sure reward ...
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Debi O’Donovan: Are sales people coin-operated?
Tell the average line manager that sales people are ‘coin-operated’ and you are likely to get a wry but knowing smile. It is a common assumption that if you stop paying the sales force commission, they will stop selling.But this assumption is wrong, according to Daniel Pink, business writer and ...
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EEF research: Manufacturing pay returns to historic level
Manufacturing pay has risen to 2.5% in the three months to the end of April 2011, but is a return to historic levels according to data from the manufacturers' organisation EEF. The May 2011 Pay Bulletin, from the EEF and Jam Recruitment, found that the average pay settlement for the ...
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Barnett Waddingham research: Employers and trustees doubt sustainability of PPF
Sponsors and trustees continue to have doubts about the sustainability of the pension protection fund (PPF) as a standalone entity, according to research conducted by Barnett Waddingham.Many of the respondents to the actuarial and consultancy firm's third annual PPF survey said that the methods for assessing the levy are not ...
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Mercer research: Mental health issues have become primary cause of staff absence
Mental health has overtaken musculoskeletal issues as the primary cause of staff absence in the UK and Europe, according to data gathered by Mercer.Data gathered by the consultancy from Unum and Canada Life also reveals that mental health issues were the primary cause of income protection claims by UK employees ...
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Office for National Statistics research: Total pay and bonuses on the rise
Total pay and bonuses rose by 2.3% for the three months to March 2011, according to the Labour market statistics from the Office for National Statistics.Annual growth rate for regular pay, excluding bonuses, was 2.1% for the three months to March 2011, down from 2.2% for the three months to ...
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Grid research: Public sector workers suffer more from stress
Public sector workers suffer more from stress than their private sector counterparts, according to new research from Group Risk Development (Grid).The Group Risk Employer Research, conducted among 500 employers, found that stress is the biggest cause of long-term absence amongst public sector employees, running at almost three times the level ...
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CIPD/KPMG research: Pay inflation may rise in next twelve months
Pay inflation may rise over the next twelve months, as new research from the Chartered Institute of Personnel and Development (CIPD) and KPMG has found that more employers have forecast that they will increase salaries.This quarter’s Labour Market Outlook found that average pay award expectations across all sectors has risen ...
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Towers Watson research: Pay issues are most important HR priority in financial services sector
A third of HR professionals from the financial services industry view pay issues as the most important HR priority, according to a poll conducted by Towers Watson.The Towers Watson Global Financial Services HR Study 2011, which involved 130 HR professionals from over 60 of the largest global banking and financial ...
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Prudential research: Retirement income gender gap has reduced
The retirement income gap between men and women has shrunk by £900 to £6,500 since last year, according to new research from Prudential.The Class of 2011 study, which surveyed employees planning to retire this year, found that the average woman expects an annual income of £12,900 compared with an average ...
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High Pay Commission research: Executive pay is grossly unequal
Wage disparity between the UK’s high earners and the rest of the working population is grossly unequal, according a report from the High Pay Commission.Its report More for less: what has happened to pay at the top and does it matter? found that the top 0.1% of UK earners will ...
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Towers Watson research: FTSE 100 firms preparing for 2012 pension reforms
The majority of FTSE 100 firms are preparing for the 2012 pension reforms, according to research by Towers Watson.The annual FTSE 100 Defined Contribution Pension Scheme Survey found that 90% of the FTSE 100 have already considered the impact that changes will have on their businesses and employees.The survey found ...
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Mind research: Employers should make staff wellbeing a corporate priority
Organisations of all sizes should make staff wellbeing a corporate priority and introduce workplace mental health policies that promote wellbeing for all staff, tackle work-related mental health problems and support staff who are experiencing mental distress.According to mental health charity Mind's Taking care of business campaign, which surveyed over 2,000 ...
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Government to consult on employment law reforms
The government has announced new areas that it will consider reforming as part of its review of employment red tape. This includes reforming: compensation for discrimination awarded by employment tribunals; collective redundancy consultation periods; and the transfer undertakings protection of employment regulations (Tupe).Edward Davey, employment relations minister, detailed the plans ...
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CareerBuilder research: Employers leave negotiating room when providing salary increases
More than two-thirds (70%) of employers have room for manoeuvre when offering contracts, according to a poll by online job website CareerBuilder.co.uk.Almost half of respondents (49%) said they leave some negotiating room when providing salary increases to current employees, while one in ten think less of candidates who do not ...
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PMI Health Group research: Most employers are unaware of the effectiveness of workplace counselling
More than two-thirds of organisations are unaware of how effective counselling can be in treating work-related stress or depression, according to independent research commissioned by PMI Health Group.Most organisations (85%) surveyed said they would consider offering counselling to staff but 69% do not believe it can tackle stress-related absenteeism on ...
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IDS research: Basic salary for NHS chief executives rises by 4.5%
Median total earnings for NHS trust chief executives in England reached £158,800 last year, reveals the NHS Boardroom Pay report from Incomes Data Services (IDS).According to IDS, 12% of NHS non-medical chiefs earned more than £150,000 last year, while 69% of NHS medical directors earned more than £150,000 over the ...