All Article articles – Page 454
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 1 and 7 December 2016 were: Government publishes draft legislation on limitations of salary sacrifice tax advantagesEXCLUSIVE: Virgin Atlantic holds wellbeing event for staffExpedia named best place to work in the UK 2017Government publishes final draft regulations on gender pay gap ...
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ArticleConfessions of a benefits manager: Candid experiences mindfulness
This isn’t something I ever thought I’d say: Big Bad Boss is going soft. He went to a benefits conference recently, and came back talking about mindfulness. Really? Personally, I am all for that; if we could just get the Higher Beings, our executive management team, to mellow out a ...
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ArticleTata Steel to consult on closure of defined benefit pension scheme to future accrual
Tata Steel UK is to consult on the closure of the British Steel pension scheme (BSPS) to future accrual.Under the proposals, the organisation's defined benefit (DB) pension scheme would be closed to future accrual and replaced with a defined contribution (DC) arrangement.The new DC pension scheme would have a maximum ...
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ArticleFTSE 350 defined benefit pension deficit falls by £22bn
The accounting deficit of defined benefit (DB) pension schemes for the UK’s largest 350 organisations fell by £22 billion from £149 billion on 31 October 2016 to £127 billion on 30 November 2016.Its Pension risk survey, which is based on analysis and projections of FTSE 350 organisations’ financial statements adjusted ...
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ArticlePrecious Cells introduces stem cell storage benefit for its employees
Precious Cells has launched a new benefit for its 40 employees that allows staff and their families to cryogenically store their stem cells for free.The benefits scheme, Accellerate, includes adult stem cell storage for both employees and their family members, as well as cord blood and cord tissue storage if ...
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ArticleAxa to introduce global parental leave policy
Insurance organisation Axa is to introduce a global parental leave policy for its 166,000 employees across 64 countries.The policy will enable employees who are the primary parent to take 16 weeks of fully paid leave, and co-parents will receive four weeks of fully paid leave.Where local laws or current benefits ...
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ArticleGovernment publishes final draft regulations on gender pay gap reporting
The government has published the final draft regulations for the gender pay gap reporting requirements due to come into effect in April 2017.The regulations will require organisations with 250 or more employees to publish gender pay gap and bonus data.A consultation seeking views on the details of the draft legislation ...
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ArticleHow sustainable is wearable technology as a workplace benefit?
Need to know:Wearable technology should be fully incorporated into a health and wellbeing strategy rather than purchased to be used as a standalone perk.Wearable devices can support employees’ mental wellbeing, as well as their physical health.Technology is evolving to provide detailed analytics data.Wearable technology has revolutionised the fitness industry, with ...
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ArticleExpedia named best place to work in the UK 2017
Expedia has been named the best place to work in the UK at Glassdoor's Best Places to Work 2017 Employees' Choice Awards.The award winners are based on employee reviews posted on Glassdoor over the last year, with staff sharing their views on career opportunities, compensation and benefits, culture and values, ...
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ArticleIkea US enhances paid parental leave to up to four months
Ikea US has enhanced its paid parental leave policy to offer both salaried and hourly staff up to four months of paid leave.Effective from 1 January 2017, employees who have been with the retail organisation for over a year will be able to take up to three months of paid ...
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ArticleGovernment consults on measures to tackle pensions scams
The government has launched a consultation into potential measures to counteract pensions scams, including a ban on cold calling.Chancellor Philip Hammond announced the consultation on pensions scams in the Autumn Statement 2016.The consultation puts forward proposed measures to reduce the frequency of pensions scams in three key areas. This includes ...
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ArticleGovernment publishes draft legislation on limitations of salary sacrifice tax advantages
The government has published draft legislation on the limitation of tax and employer national insurance contribution (NIC) advantages where benefits are offered through a salary sacrifice arrangement or where the employee is provided with a choice between a benefit in kind (BIK) and cash allowance.The draft legislation has been published ...
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ArticleBloomberg and Deutsche Bank recognised for LGBT workplace policies
Bloomberg, Deutsche Bank (pictured) and Hasbro are among the organisations in the United States which have been recognised for workplace policies that provide equality for lesbian, gay, bisexual, transgender and queer (LGBTQ) employees by the Human Rights Campaign Foundation.These were among the 517 organisations which were awarded the top score ...
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ArticleMercer acquires Sirota Consulting
Mercer has acquired global employee engagement organisation Sirota Consulting.Sirota Consulting specialises in organisational research, providing assessments, surveys, technology and analytics in areas such as engagement, team effectiveness, leadership and culture.Mercer's acquisition will enable it to build on its current consulting proposition in talent management, as well as reinforce its commitment ...
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ArticleWatch Employee Benefits Wired: Maximising pensions potential on demand
Employee Benefits Wired: Maximising pensions potential is now available to watch on demand.The 30-minute panel discussion can be viewed online anytime on EB TV.The live panel debate took place on Tuesday 29 November 2016 in association with Close Brothers Asset Management.The panel included Debbie Lovewell-Tuck, editor of Employee Benefits; Jeanette ...
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Article14% of organisations expect salaries to be reduced if Article 50 is triggered
More than one in 10 (14%) HR decision maker respondents predict that their organisation will have to reduce employees’ salaries if Article 50 is triggered to begin Brexit proceedings, according to research by Jobsite.Its survey of 1,000 UK employees and 500 HR decision makers also found that 20% of employee ...
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ArticleDefined benefit pension deficit stands at £414bn in the private sector
The deficit for UK private sector defined benefit (DB) pension schemes was £414 billion as of 30 November 2016, compared to £265 billion at the end of November 2015, according to research by JLT Employee Benefits.Its monthly funding update also estimates that DB pension assets increased from £1,242 billion in ...
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ArticleHow can organisations future-proof their benefits technology?
Need to know:Technology can enable employees to engage with benefits when and how they want to.Advances in technology could improve user experience in the employee benefits space, and provide a higher level of personalisation.Benefits technology should have the agility to meet changing employee and employer needs, and take into account ...
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ArticleTake part in exclusive pay and benefits research
How does your pay compare to peers in the reward and benefits industry? Is your benefits offering competitive for your business sector?Have your say in the exclusive Employee Benefits salary survey for the chance to benchmark your own benefits and compensation offering.We are particularly interested in finding out about which ...
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ArticleFederal judge blocks US overtime rule
A federal judge has issued a preliminary nationwide injunction to block an increase in the minimum salary threshold for paid overtime in the US.On Tuesday 22 November 2016, US district judge Amos Mazzant granted an emergency motion for a preliminary injunction, which prevented the implementation of outgoing US president Barack ...