All Article articles – Page 499
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ArticleA fifth do not expect to retire until after age 70
Just over a fifth of respondents do not expect to be able to retire until they are in their seventies, according to research by Willis Towers Watson.Its Global benefits attitudes survey, which interviewed UK-based 1,895 workers, also found that employees who expect to work for longer are less healthy, more ...
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ArticleEDF Energy accredited as living wage employer
EDF Energy has been accredited as a living wage employer by the Living Wage Foundation.The organisation has been accredited for its commitment to paying all its staff at least the national living wage of £8.25 an hour.The living wage is a voluntary rate calculated according to the basic cost of ...
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ArticleKingfisher agrees £230 million pension buy-in
Retail group Kingfisher has completed a £230 million medically underwritten buy-in transaction for its defined benefit (DB) pension scheme.The transaction, carried out by Legal and General, covered 149 specific scheme members from the £3 billion scheme.Aon and Hymans Robertson also advised on the transaction.Chris Gilchrist, chair of the trustee for ...
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Medivet introduces voluntary benefits scheme
Medivet is to launch a voluntary benefits scheme for its 1,400 employees that work across its 128 veterinary practices.The scheme, Medivet Benefits, which will launch at the end of April, will offer employees discounts on retail brands, including supermarkets, and also on entertainment such as cinema tickets and family days ...
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ArticleT3N trials bitcoin salary and benefits offering
German technology publication T3N will enable employees to receive salary payments in digital currency bitcoin.Staff can opt to be paid a portion of their salary in the alternative currency. Because bitcoin is not considered legal tender in Germany, T3N employees can also choose to receive bitcoin as an additional tax-free ...
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ArticleAmerican Airlines reinstates profit-sharing programme
American Airlines is reinstating a profit-sharing programme that will put 5% of the organisation’s pre-tax income into a pool to be shared among its employees.The programme will be based on the airline’s 2016 annual earnings, and will be paid out early next year.The 5% rate is the same as that ...
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Article71% of millennials do not understand their pension investments
More than two-thirds (71%) of millennial respondents do not understand or are unsure about their pension investments, according to research by Barnett Waddingham.Its Generation why? survey 2016, which surveyed 506 employees, also found that 72% of generation X respondents (aged 30-49) do not feel certain about their understanding of pensions ...
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ArticleMandy Garner: Should employers be doing more to support working parents?
There are several arguments for employers to do more to support working parents or to at least be understanding of the kind of pressures they face. Back in the day, when flexible-working legislation was first introduced, the idea was that parents needed special treatment and that employers that catered to ...
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ArticleSarah Jackson: Should employers be doing more to support working parents?
We see a variety of practice from employers, and there is no doubt that support from employers is crucial to finding and maintaining a work-life balance. Working Families’ Modern families index, published in January 2016 in partnership with Bright Horizons, found that the UK’s working parents are struggling to balance ...
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ArticleMary Peterson: Should employers be doing more to support working parents?
Last November’s news that Credit Suisse in the US is enabling working mothers to take babies on business trips by paying for their nannies is a significant raising of the bar in terms of support for parents in the workplace. Whether or not this catches on in the UK, it ...
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ArticleBarclays, HSBC, Lloyds, RBS and Virgin Money commit to charter linking executive pay to gender diversity
Barclays, Capital Credit Union, Columbia Threadneedle, HSBC, Lloyds Banking Group, Royal Bank of Scotland (RBS) and Virgin Money have committed to a new charter that links executive pay to gender diversity.The Women in Finance Charter, which is supported by HM Treasury, aims to improve gender balance in the financial services ...
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Article19% plan to increase benefits spend in 2016
Around a fifth (19%) of employer respondents plan to increase spend on employee benefits over the next 12 months, according to research by Aviva.Its Working lives report, which surveyed more than 1,000 employers and 4,000 employees in the private sector during the first quarter of 2013 and the first quarter ...
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Article63% view generation Z as most likely to disrupt the workforce
Almost two-thirds (63%) of employer respondents believe generation Z will disrupt the workforce more than any other generation, according to research by Capita Resourcing.Its Generation Z – HR leaders’ agents of change research, based on a survey of 1,015 employees aged 16-20 and 106 senior HR professionals, also found that ...
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ArticleJust 24% are aware statutory sick pay is less than £100 a week
Less than a quarter (24%) of employee respondents are aware that statutory sick pay (SSP) currently stands at less than £100 a week, according to research by Legal and General.Its Working lives research, which surveyed 2,000 full-time employees and 200 employers, also found that 15% of employee respondents think that ...
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ArticleLiquid Friday launches voluntary benefits programme
Contracting firm Liquid Friday has introduced a voluntary benefits programme for its 2,000 contractors.Through the scheme, Liquid Friday aims to boost engagement and help employees retain more of their take-home pay by offering discounts and savings on everyday items.The scheme, provided by Perkbox, gives employees access to a range of ...
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Liquid Friday launches voluntary benefits programme
Contracting firm Liquid Friday has introduced a voluntary benefits programme for its 2,000 contractors.Through the programme, Liquid Friday aims to boost staff engagement and help employees retain more of their take-home pay by taking advantage of discounts and savings on everyday items.The scheme, provided by Perkbox, gives employees access to ...
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ArticleExpert judging panel takes shape for the Employee Benefits Awards
Ant Donaldson (pictured), global product expert, benefits at E.On and 2015 Employee benefits professional of the year; Emma Hart, HR manager at Visualsoft; Dave Roberts, head of pension and benefits at Virgin Media; Ian Hodson, reward and benefits manager at the University of Lincoln; John Mayor, head of UK rewards ...
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ArticleAramark health service workers strike over pay
Aramark health service employees are taking strike action today (21 March) in a dispute over pay.Some 175 members of the GMB trade union who work as cleaners and hostesses for food service and facilities management firm Aramark, are striking at the Bethlem, Lambeth, Lewisham and Maudsley Hospitals in London.The union ...
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ArticleEnglish National Opera resolves pay dispute with chorus staff
The English National Opera (Eno) has resolved a pay dispute with staff employed as members of its chorus.The employees, who are members of Equity, the trade union for professional performers and creative practitioners, were due to strike on 18 March over proposed pay cuts of 25% for 44 employees, and ...
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Article42% of under-25s are not rewarded by their employer
More than two-fifths (42%) of employee respondents aged 18-24 did not receive a reward from their employer in 2015, according to research by Red Letter Days for Business.Its The rewards report, which surveyed 2,006 British employees, also found that almost half (48%) of respondents aged 55 and over did not ...