All Article articles – Page 383
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Article21% withhold bonuses if employee has been on long-term sick leave
Around a fifth (21%) of employer respondents that pay bonuses will withhold bonus payments if an employee has been off work on long-term sick leave, according to research by Direct Line Life Insurance.Its survey of 112 UK HR professionals and separate survey of 2,006 UK adults, also found that 43% ...
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Article45% have not made financial calculations to understand their retirement needs
More than two-fifths (45%) of UK-based employee respondents have not made any financial calculations to understand their retirement needs, according to research by Mercer.Its Healthy, wealthy and work-wise report, which surveyed 7,000 adults and 600 senior decision makers from private and public sector organisations based across 12 countries in seven ...
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ArticleZurich reports a 27.3% mean gender pay gap
Insurance organisation Zurich has reported a 27.3% mean gender pay gap for fixed hourly pay as at 5 April 2017.The organisation has reported its gender pay gap data for its two legal entities, Zurich Employment Services and Zurich UK General Services, in line with the government’s gender pay gap reporting ...
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ArticleFutamura awards 3.9% pay increase to 280 UK staff
Japanese manufacturing organisation Futamura has awarded a 3.9% pay increase to 280 employees based in Wigton, Cumbria.The pay rise, which is effective from January 2018, will result in factory staff, engineers, management and administrative employees receiving an additional £1,000 a year.A Futamura spokesperson said: “We are pleased to have had ...
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ArticleFord Motor Company to speak at Employee Benefits Connect 2018
Delegates attending Employee Benefits Connect 2018 will be able to a unique insight into the surprising similarities between cars and pensions as Ford Motor Company joins the event's roster of industry-leading speakers.Oliver Payne, Europe, Middle East and Africa (EMEA) pensions manager and actuary at Ford Motor Company will present a ...
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ArticlePost Office, GSK and NIIT Technologies recognised for employee engagement
Homeserve, GSK, NHS Business Services Authority, NIIT Technologies and the Post Office are among the organisations recognised at the 2017 UK and European Employee Engagement Awards.The Employee Engagement Awards aim to recognise and celebrate organisations that put employee engagement at the centre of its business strategy.The winners were announced during ...
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Article28% provide financial education to ensure employees understand their workplace benefits
More than a quarter (28%) of employer respondents provide a financial education programme to ensure employees understand and make the most of their workplace benefits, according to research by Close Brothers and the Pension and Lifetime Savings Association (PLSA).Its Lifetime savings challenge report, which surveyed 1,000 employers with 200 or ...
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ArticleCross Country managers to receive a 3.3% pay rise
Managers at rail organisation Cross Country are to receive a 3.3% pay increase, backdated to May 2017.The pay rise, which will be effective from February’s pay packet, was confirmed after Cross Country managers who are not covered by collective bargaining, organised industrial action with trade union Transport Salaries Staffs’ Association ...
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ArticleAdvertised human resources salaries increase by 2.6%
Advertised salaries for jobs in the human resources (HR) sector have increased by 2.6% since the end of 2016, according to research by Reed Human Resources.Its analysis of over seven million job postings between 2015 and 2017 also found that advertised salaries for learning and development managers increased by 7% ...
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ArticleEmployee engagement in numbers
Facts and figures relating to employee engagement.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script")[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=d+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var r=e.createElement("script");r.async=1,r.id=s,r.src=i,o.parentNode.insertBefore(r,o)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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ArticleEmployee bonuses and claw-back clauses - will more companies jump on the bandwagon?
Traditionally, an employee's entitlement to a bonus, whether fixed or discretionary, was regarded as a contractual matter. However, more recently, regulatory requirements have seen financial services sector employers imposing clawback and/or malus provisions (which allow the withholding of a sum) to enable the reclamation of part or all of an ...
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ArticlePoll: 38% plan to introduce new benefits for all staff in 2018
Employee Benefits poll: Over a third (38%) of respondents are planning on introducing new benefits for all of their employees in 2018.A straw poll of www.employeebenefits.co.uk readers, which received 50 responses, also found that 22% of respondents will update their existing benefits provision this year, while 20% will be shifting ...
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Poll: Would you fund a holiday for staff to boost motivation, engagement and team building?
[polldaddy poll=9925738]
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ArticleShopper Media Group motivates new starters with ‘best first day ever’
Something for the weekend: Retail marketing organisation Shopper Media Group (SMG) decided to roll out the red carpet for its latest staff motivation strategy, as it gave four new employees a treat-laden first day in the office, including a helicopter tour of Liverpool.SMG designed what it felt would be the ...
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ArticleTop 10 most read stories: 18-24 January 2018
The 10 most read stories on www.employeebenefits.co.uk between 18 and 24 January 2018 were: Byrne Bros to pay £250,000 in holiday pay relating to voluntary overtimeJohn Lewis Partnership reports a 13.9% mean gender pay gapBournemouth University rolls out wellbeing and sustainability programmePersonal Group revamps benefits for its 250 UK staffNorthern ...
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Article66% predict borrowing and debt management as main financial wellness driver for 2018
Two-thirds (66%) of employer respondents predict that borrowing and managing debt will be the main financial wellness driver for 2018, according to research by Nudge.Its The financial wellness playbook 2018 report, which surveyed 205 UK employers, representing a total of 1,516,733 employees, also found that 92% of respondents believe that ...
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ArticleSavers access £15.7bn through pension freedoms
Retirement savers have accessed approximately £15.7 billion through the pension freedoms since the pension reforms were introduced in April 2015, according to data from HM Revenue and Customs (HMRC).Its Flexible payments from pensions: January 2018 report also found that the number of individuals who have received flexible payments from their ...
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ArticleBolton-based GNB Industrial Power employees to receive 5% pay increase
Bolton-based employees at engineering organisation GNB Industrial Power, who are members of the trade union Unite, are to receive an overall 5% pay rise as well as increases to their basic salary.Employees have been awarded a 2% pay rise, backdated to April 2017, and will receive a further 3% pay ...
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ArticleTotal pay continues to fall by 0.2% in real terms
Total pay for employees in Great Britain, including bonuses, fell by 0.2% in real terms between September to November 2016 and September to November 2017, according to research by the Office for National Statistics (ONS).Its UK labour market: January 2018 report also found that regular pay, excluding bonus payments, fell ...
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Infographic: How financially confident male and female employees are about retirement savings
Employees who feel financially unprepared for retirement:Women - 51%Men - 35%Employees who do not have enough salary and benefits to save:Women - 42%Men - 27%Employees who feel well prepared for retirement:Women - 23%Men - 36%Employees who are confident about choosing the right financial product:Women - 36%Men - 45%Employees who have ...