All Article articles – Page 12
-
Article37% of UK workers want one-off payment to help with cost of living
More than one-third (37%) of UK workers would opt for a one-off payment to help with the cost of living, higher than the global average of 27%, according to research by Always Designing for People (ADR).As part of its latest study People at work 2024: a global workforce view, it ...
-
ArticleFCA, DWP and regulator consult on DC pensions joint framework
The Financial Conduct Authority (FCA), the Department for Work and Pensions (DWP) and the Pensions Regulator (TPR) have launched a consultation on a joint framework for workplace defined contribution (DC) schemes.The proposed framework has been designed to move the focus from costs to long-term value and deliver better retirement savings. ...
-
ArticleRawle Gammon and Baker completes £23m full pension buy-in
Building materials supplier Rawle Gammon and Baker has completed a £23 million full buy-in for its pension scheme, sponsored by commercial property sector business FTI Property. The transaction with K3 Advisory and Just Group secures the benefits of 113 deferred members and 154 pensioners. It was supported ...
-
ArticleHealth Food Manufacturers’ Association becomes living wage employer
The Health Food Manufacturers’ Association (HFMA), which represents manufacturers and suppliers of natural health products, has become accredited as a living wage employer.As part of the commitment, every HFMA employee will receive a minimum hourly wage of £13.15 per hour, which is the real living wage rate for those based ...
-
ArticleSodexo UK and Ireland receives menopause-friendly accreditation
Facilities and property management, catering and food services firm Sodexo UK and Ireland has received menopause-friendly accreditation in recognition of its efforts to foster an inclusive culture.Established by Henpicked: Menopause in the Workplace, the accreditation is awarded to employers who present high standards and proven practices that support the menopause. ...
-
ArticleWilson James and ICTS staff at Gatwick Airport accept pay deals
Credit: Pabkov / Shutterstock.comAround 400 Wilson James passenger assistance and 170 ICTS baggage screening workers based at Gatwick Airport have voted for improved pay offers.The Wilson James employees voted in favour of a pay offer worth 10.5%, while the ICTS staff accepted an 11% deal.According to Unite, which represents both ...
-
ArticleOsbornes Law launches fertility testing as a staff healthcare benefit
London law firm Osbornes Law has introduced fertility testing as a new healthcare benefit for its 160 members of staff and their partners. Through a partnership with Hertility Health, Osbornes Law employees will have access to a clinically validated at-home hormone test, which includes a comprehensive online ...
-
ArticleSiemens Gamesa Renewable Energy staff in Hull accept 8.4% pay deal
Credit: NestorMN / Shutterstock.comAround 300 Siemens Gamesa Renewable Energy wind turbine workers in Hull have accepted a pay deal worth 8.4%, ending an ongoing dispute.The employees, who construct 108-metre-long wind turbine blades by hand, are members of trade union Unite. A total of 93% voted to accept the two-year pay ...
-
ArticleOne in three employers do not offer financial advice as a benefit
One in three (34%) UK organisations admitted they do not offer financial advice, increasing to 51% of employers with fewer than 500 employees, according to new research by Close Brothers’ Workplace Financial Wellbeing Service. The research was carried out among 503 employers with 200 or more UK ...
-
Article95% do not think one week of unpaid carer’s leave per year goes far enough
Employee Benefits poll: The majority (95%) of organisations do not think the introduction of one week of unpaid carer’s leave per year goes far enough to support employees, according to a survey of Employee Benefits readers. Meanwhile, just 5% of respondents were unsure if one week of ...
-
Article
Poll: What is your employee take-up of health and wellbeing benefits?
Take part in our latest readers’ poll on a current topical issue. At the end of last month, Employee Benefits reported that while health and wellbeing benefits are the most impactful component of an employee value proposition, they are underutilised by staff, according to new research from Cigna Healthcare.More than ...
-
ArticleMicrosoft awards staff one-off performance-based cash award
Technology firm Microsoft has announced that it will award its non-executive employees a one-time performance-based cash award of up to 25% of their annual bonus.According to a memo distributed to employees, salaried and hourly workers at the senior director level and below will be eligible for the award, with amounts ...
-
Article65% of pension scheme sponsors do not know how much members can expect at retirement
Two-thirds (65%) of those running pension schemes do not know how much a typical member can expect at retirement, according to Aon’s latest research.The global professional services firm drew insights from 214 UK defined contribution (DC) schemes, with combined assets of over £60 billion and more than one million members, ...
-
ArticleCrawford and Company launches new working abroad policy
Crawford and Company, a global provider of claims management and outsourcing solutions to insurance firms, has launched a new working abroad policy for its employees in the UK and Northern Ireland.Under the initiative, Crawford employees will be able to carry out their work commitments in a safe and secure working ...
-
ArticleYodel names new HR director
UK parcel carrier Yodel has appointed Alison Richardson as its new HR director as of this month.Richardson will lead the full people division with overall responsibility for all 30 HR workstreams.Her focus will be on organisation design, trade union relationships and ensuring employees continue to be provided with the support ...
-
ArticleSCA UK Pension Plan completes £1.1 billion pensions buy-in
The SCA UK Pension Plan, which is sponsored by global hygiene and health firm Essity Group, has completed a £1.1 billion pensions buy-in.Headquartered in Sweden, Essity employs 1,600 UK employees across six manufacturing sites and three commercial offices. Its portfolio includes Tena, Cushelle, Tork, Plenty, Velvet and Bodyform.The transaction, which ...
-
ArticleSaudi Arabia enhances retirement age, pension contributions and maternity leave
The Saudi Arabian government has updated the retirement age for employees and increased pension contributions and maternity leave.Its amended Social Insurance Law, which is managed by the Saudi Arabian General Organisation for Social Insurance, now applies to both public and private sector employment to make it easier for employees to ...
-
ArticleMedian pay award for three months to June rose to 4.6%
The median pay award across the economy rose slightly from 4.5% to 4.6% for the three months to June 2024, according to Incomes Data Research (IDR).Its latest analysis, based on a sample of 227 pay awards between 1 April and 30 June covering more than 1.9 million employees, also found ...
-
-
ArticleThe top 10 most read articles between 26 July - 1 August 2024
The top 10 most read articles between 26 July - 1 August 2024 on employeebenefits.co.uk were: National living wage to increase in line with median earningsCentral Co-op introduces new financial wellbeing benefitJunior doctors agree 22% pay dealCourt of Appeal upholds High Court ruling on Virgin Media pension schemeReeves confirms public ...