All Article articles – Page 509
-
Article61% of financial services employers increase pay by more than 5%
Around two-thirds (61%) of employer respondents increased employees' fixed pay by more than 5% in 2015, according to research by Mercer.Its 11th annual Global financial services executive compensation snapshot survey, which is based on the pay practices of 71 global financial services firms, also found that 58% of respondents reduced ...
-
Article31% say reduction in tax relief causes higher earners to leave workplace pension schemes
Around a third (31%) of employer respondents say the reduction in pensions tax relief and complexities of the workplace pensions regime have caused employees on higher incomes to leave their pension schemes, according to research by the Association of Consulting Actuaries (ACA).The research, which surveyed 477 employers responsible for more ...
-
ArticleMercer acquires the Positive Ageing Company
Talent, health and retirement consultant Mercer has acquired the Positive Ageing Company, an independent adviser specialising in issues surrounding the ageing workforce.Through the acquisition of the Positive Ageing Company, which focuses on the financial, care and health impact of ageing for employers and staff, Mercer aims to expand its capabilities ...
-
Article88% of employees regularly experience stress
More than two-fifths (88%) of UK respondents regularly experience stress at work, according to research by human capital management firm ADP.Its The workforce view in Europe 2015/16 report, which surveyed 11,257 working adults across Europe, including 1,500 employees in the UK, also found that over three-quarters (79%) of UK respondents ...
-
ArticleSouthwark Council achieves 12% take-up rate for retail discount scheme in first three months
More than one in 10 (12%) of Southwark Council's 4,500 employees have signed up for its retail discount scheme in the three months since the benefit was introduced.Southwark Council launched a tailored platform, provided by Sodexo, that incorporates its existing employee benefits and two newly introduced benefits: childcare vouchers and ...
-
ArticleBuyer's guide to group critical illness insurance 2016
The factsWhat is group critical illness insurance?Group critical illness insurance pays a tax-free lump sum to an employee who is diagnosed with a serious condition, such as heart attack, cancer or stroke, or is undergoing a specified surgical procedure, such as major organ transplant or open-heart surgery.The benefit is paid ...
-
ArticleFinancial education in numbers
A round-up of the key facts and figures relating to financial education in the workplace. 27% of employers provide staff with access to one-to-one financial advice (Source: Employee Benefits/Close Brothers) 58% of employees would value an employer that helped with providing financial and retirement planning advice (Source: Mercer) 14% of ...
-
ArticleJust 10% of marketeers believe remuneration is fair
Just one in 10 (10%) of marketeer respondents believe that the financial remuneration they receive from their employer is fair, according to research by Marketing Week in collaboration with Econsultancy, Design Week and Creative Review.The Marketing Week career and salary survey 2016, which is based on 8,566 responses from professionals ...
-
Article63% actively considering how to access pension savings through the freedoms
Almost two-thirds (63%) of respondents are actively considering how to access their defined contribution (DC) pension savings through the flexibilities that came into effect in April 2015, according to research by the Pensions and Lifetime Savings Association (PLSA).Its Pension freedoms: no more normal report, is based on a survey of ...
-
ArticleFinal call for entries to the Employee Benefits Awards 2016
Today (29 January) is the final day to enter the Employee Benefits Awards 2016 and be recognised for your benefits achievements.The awards ceremony provides the opportunity to showcase the outstanding work that reward and benefits professionals have conducted over the past year, recognising benefits approaches that have made a significant ...
-
ArticleThe Group Company rewards staff with trip to Barbados
Something for the weekend…York-based travel firm The Group Company is rewarding its 32 employees with a holiday to Barbados to mark its 10th anniversary.On 29 January, the entire workforce will set off for a five-star, all-inclusive break, courtesy of The Group Company’s founder Helen Bilton.The trip serves to recognise the ...
-
ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 21 and 27 January 2016: Halfords cuts bonuses by £2 million.M&S gives staff thermal underwear to combat the cold.9% have reviewed salary sacrifice against national living wage compliance.Ombudsman upholds pensions tax duty-of-care complaint against police.42% of millennial parents feel burnt out ...
-
ArticleConfessions of a benefits manager: Candid is wined and dined
Every so often someone from Smarmy Consulting asks me out. I don’t mean in that way; I mean they offer me lunch. I don’t get too worked up about such jollies; I know there is no such thing as a free lunch. The price of this one will be that ...
-
ArticleEAT reserves judgement in childcare vouchers and maternity leave case
The Employment Appeal Tribunal (EAT) has reserved judgment on whether suspending an employee’s membership of a childcare voucher scheme during their maternity leave is discriminatory.In the case of Peninsula Business Services vs Donaldson, Peninsular’s childcare voucher scheme requires employees to suspend their membership during various types of leave, including maternity ...
-
Article54% believe good work-life balance boosts staff engagement
Just over half (54%) of employer respondents believe that having a good work-life balance makes workers feel more engaged, according to research by global computer technology corporation Oracle.The Oracle simply talent research, which surveyed 250 Western European HR decision makers, also found that 93% of respondents say that employee engagement ...
-
ArticleLegal and General boosts staff fitness through stair-climbing challenge
Legal and General has boosted physical activity among its workforce through a stair-climbing scheme.In October 2015, 142 employees across the organisation formed into 39 teams to take part in the World Towers stair climbing challenge, conducted in partnership with StepJockey. Over 31 days, staff climbed the equivalent height of eight ...
-
ArticleGovernment consults on simplifying auto-enrolment process
The government has launched a consultation to gain views on its proposals to simplify the administration process of auto-enrolment.The draft regulations aim to reduce the burden on employers and ensure that those who benefit most from saving into a pension will continue to be auto-enrolled without unintended consequences for individual ...
-
ArticleHeight for Hire to launch employee engagement and communication portal
Access platform rental firm Height for Hire is to launch an employee engagement and internal communications hub for its 200 employees.The portal, provided by Reward Gateway, will enable Height for Hire’s staff to access existing benefits, as well as instant rewards and recognition schemes, through a centralised online hub using ...
-
ArticleGovernment to enforce pension member-borne commission ban from April
The government is to place a regulatory duty on pension service providers to prohibit member-borne commission charges for workplace pension schemes from April 2016.In October 2015, the Department for Work and Pensions (DWP) launched a consultation into the most effective means of regulation to prevent members of pension schemes that ...
-
ArticleTwo-fifths of staff are under excessive pressure at work
Almost two-fifths (38%) of employees are under excessive pressure at work at least once a week, according to research from the Chartered Institute of Personnel and Development (CIPD).Its Growing the health and wellbeing agenda: From first steps to full potential study, which surveyed X workers and organisations, also found that ...