All Article articles – Page 504
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 18 and 24 February 2016: British Gas case ruling confirms that commission must be included in holiday pay calculations.How will the changes to the lifetime and annual allowances affect higher earners?Self-parking chairs steer into place in Japanese offices.89% say wellness programmes ...
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ArticleKP Snacks to re-launch bikes-for-work scheme
KP Snacks is to re-launch its bikes-for-work scheme in April 2016.The food manufacturer is re-launching the benefit with the aim of boosting take up among its 1,800 employees.The scheme, provided by Cycle Solutions, was first introduced in July 2015.Some 6% of KP Snack's employees have taken up the benefit since ...
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Article55% take an active interest in their pension savings
More than half (55%) of respondents take an active and regular interest in their pension savings, according to research by chartered accountant and business adviser Price Bailey.Its Workplace pensions: the members’ perspective report, which surveyed 2,017 pension scheme members, also found that 42% of respondents do not know whether they ...
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Article20% to maintain pay differentials impacted by national living wage
A fifth (20%) of respondents will maintain pay differentials between employees affected by the national living wage and their managers, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Resolution Foundation.The Weighing up the wage floor: employer responses to the national living wage report, which ...
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ArticleGlobal reward in numbers
A round-up of some of the latest facts and figures relating to global reward:76% of expatriate respondents based in Qatar have a higher level of disposable income since moving there (Source: HSBC) 40% of Domestic and General’s 2,500 global staff in the UK, Australia, France, Germany, Spain and Italy took ...
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ArticleSam Bowman: How should employers position high executive pay in the current financial climate?
According to the High Pay Centre, chief executives of large firms are overpaid. They are certainly paid a lot: the average FTSE 100 director is paid £2.4m annually, and the average chief executive officer (CEO) is paid £3.3m.But does this mean they are overpaid? No. Most people agree that it’s ...
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ArticleStefan Stern: How should employers position high executive pay in the current financial climate?
Not everyone works for a FTSE 100 company, of course, but the biggest bosses create the most influential benchmarks. So when Tuesday 5 January came along, and High Pay Centre data showed that by the end of the day the average FTSE 100 boss would have been paid what the ...
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ArticleAlex Bryson: How should employers position high executive pay in the current financial climate?
The current financial climate is characterised by great corporate uncertainty, best illustrated by high volatility in share prices, but also real wage stagnation for most and huge earnings inequality driven by those at the top. Against this backdrop the public may ask: shouldn’t firms be focusing on pay increases for ...
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ArticleMeet key suppliers to develop a future-proof strategy at Employee Benefits Connect
Lemonade Reward, Make Your Switch, Wealth at Work and Wealth Wizards, are among the exhibitors at Employee Benefits Connect 2016, which will take place on 9 March 2016.Other exhibitors include financial wellbeing firm Neyber, employee benefits consultancy Willis Towers Watson, and many more.The event, held at the Lancaster Hotel London, ...
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Article70% are against changing the current pensions tax relief system
More than two-thirds (70%) of employer respondents do not think that the current pension tax relief system should change, according to research by Hargreaves Lansdown.Its survey of employers also found that 41% of respondents are considering new reward strategies for their highest earners.The research also found:76% of respondents believe that ...
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ArticleEXCLUSIVE: Countrywide introduces discount scheme for staff
EXCLUSIVE: Countrywide has introduced a new employee discount scheme for its 12,000 members of staff, as well as their close family members.Its Under One Roof initiative offers employees a range of discounts on property services that Countrywide offers to its customers, including estate agency fees, surveys, conveyance, mortgage advice and ...
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p50: Car salary sacrifice schemes – the truth about the risk
It is no surprise that salary sacrifice car schemes are on the rise. As a benefit that has the opportunity to be cost-neutral for the employer and cost effective for the employee, the popularity of these schemes is ever growing.One of the common detractors, however, is the perceived risk involved ...
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33, 34: How can employers help staff maximise their options under the pensions freedoms
Need to knowSome employers have adjusted their pension schemes in response to pensions freedom, and others are investing more time and effort in offering financial educationWhile some, often wealthier and more financial savvy, employees have taken advantage of the new freedoms, many others are struggling to navigate the new landscapeEmployers ...
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27, The true impact of reward in the workplace
Reward should be used to maintain engagement, not get staff engaged in the first place, says Bill Alexander, chief executive officer, Red Letter Days for Business.Recognition continues to sit at the bottom of the priorities list. However, stepping outside of the working environment, if we were to help a friend ...
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21, The growing importance of wellness in the workplace
Beate O’Neil, head of wellness consulting, Punter Southall Health and ProtectionAs head of wellness consulting, it is interesting to me that 10 years ago jobs like mine were few and far between. But the Employee Wellness Survey 2016, published by the Reward and Employee Benefits Association (REBA) and Punter Southall ...
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Employee Benefits Awards 2016 shortlist announced
The shortlist for the 2016 Employee Benefits Awards has been decided and will shortly be available at www.employeebenefitsawards.co.uk.More than 25 HR, benefit, reward and compensation professionals took part in the judging process. The judging panel drew on their collective experience from a range of industries, locations and workforce demographics to ...
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ArticleThe month in numbers: January 2016
A look at some of the standout facts and figures relating to employee benefits in January 2016:34% of staff could not name a single occasion where they felt motivated at work in 2015 (Source: Red Letter Days for Business) bit.ly/1Odqire39% would like access to a 24/7 cancer nurse helpline (Source: ...
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ArticleBuyer's guide to bikes-for-work schemes 2016
The facts: What are bikes-for-work schemes?Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles. The scheme enables employers to fund bikes and safety equipment, and loan these to employees.Where can employers find more information?Additional information can be found on ...
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ArticleHigh Court rules in pensions transfer case
The High Court has ruled against Royal London in a pensions transfer case, overturning the Pensions Ombudsman’s earlier determination in favour of the mutual life and pensions provider.In the case of Donna-Marie Hughes vs The Royal London Mutual Insurance Society, Hughes requested to transfer her benefits from her personal pension ...
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ArticleBritish Gas case ruling confirms that commission must be included in holiday pay calculations
The Employment Appeal Tribunal (EAT) has determined that commission payments must be included in calculations for employees' annual leave and holiday pay.In the case of Lock vs British Gas Trading Limited and others, the EAT confirmed that the working time regulations can be interpreted in line with the working time ...