All Article articles – Page 513
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 31 December 2015 and 6 January 2016: Judge rules on motions in FedEx same-sex spouse pension case.EY awards staff $1m through global recognition programme.Towers Watson and Willis complete merger.Will there ever be a solution to the gender pay gap?24% felt motivated ...
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ArticleEXCLUSIVE: Carlsberg UK to launch car salary sacrifice scheme
EXCLUSIVE: Carlsberg UK is to launch a car salary sacrifice scheme for its 1,600 employees in spring 2016.The organisation is introducing the new scheme, provided by Car Salary Exchange, to broaden its employee benefits offering.The salary sacrifice arrangement will sit alongside Carlsberg UK’s existing company car offering. It will be ...
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ArticleNew York City mayor sets $15 minimum wage for government staff
The minimum wage for New York City government employees and those who provide contracted work for the city at social service organisations is to rise to $15 an hour by the end of 2018.Bill de Blasio, New York City mayor, has announced that the higher rate will benefit around 50,000 ...
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ArticleStay ahead of the curve with Employee Benefits Connect 2016
Employee Benefits Connect 2016, which takes place at Lancaster London on 9 March 2016, will give attendees the opportunity to stay ahead of the curve by hearing the latest thinking on the future of reward.During the annual event, HR, reward and benefits professionals will have the chance to share ideas ...
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ArticleUnite Students launches voluntary benefits programme
Student accommodation provider Unite Students has introduced a voluntary benefits programme for its 1,237 members of staff.The scheme, provided by Perkbox, gives employees access to more than 100 practical and recreational benefits and perks, such as retail discounts and savings on items including gym memberships, cinema tickets, groceries and travel.Staff ...
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ArticleFTSE 350 defined benefit pension asset values fall by £6bn
The defined benefit (DB) pension asset values of FTSE 350 organisations fell by £6bn between 30 November 2015 and 31 December 2015 from £646bn to £640bn, according to a study from Mercer.Its Pensions risk survey also found that liability values in the FTSE 350 were £704bn in December 2015 compared ...
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ArticleTowers Watson and Willis complete merger
Willis and Towers Watson have officially merged to create Willis Towers Watson.The two organisations first announced that they had signed a definitive merger agreement in June 2015.The newly created global advisory, broking and solutions provider has over 39,000 employees in more than 120 countries.John Haley, chief executive officer of Willis ...
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ArticleJudge rules on motions in FedEx same-sex spouse pension case
A US District Court Judge has allowed a pension benefits claim brought by the same-sex widow of a FedEx employee to proceed while dismissing two other claims by the plaintiff.The plaintiff, Stacey Schuett, was in a committed relationship with Lesly Taboada-Hall for 27 years. They married in a civil ceremony ...
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ArticleJunior doctors to strike in continued contract dispute
Junior doctors in England are to take industrial action next week in a continued dispute around the terms of their new contract.In November 98% of junior doctors balloted by the British Medical Association (BMA) voted for industrial action, including strikes, in response to changes to the contract, particularly around pay ...
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ArticleAlcatel-Lucent agrees £300 million pension buy-in
Global telecommunications equipment organisation Alcatel-Lucent has agreed a £300 million pensioner liabilities buy-in with Aviva for its UK defined benefit (DB) pension scheme.The transaction is part of the organisation’s long-term de-risking objective. Alcatel-Lucent’s pension scheme has liabilities of around £1 billion.The organisation's pension trustees were advised by Aon Hewitt, which ...
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Article39% would like access to a cancer nurse helpline
Around two-fifths (39%) of respondents would like access to a 24/7 cancer nurse helpline, according to research by Axa PPP Healthcare.Its survey of 1,000 managers also found that 42% of respondents would like their employees to have access to medical appointments that fit around their work commitments.The research also found:Around ...
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ArticleEqual pay for women is still a work in progress
In 1968, a strike by sewing machinists at the Ford Dagenham plant led to the introduction of the Equal Pay Act 1970, which prohibited any less favourable treatment in terms of pay and working conditions between men and women.Yet, despite its initial promise and intentions, just over 45 years later, ...
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41 Simplyhealth industry insight - Flexible benefits – the answer to greater employee engagement
Flexible benefits have certainly taken off in the last few years. With the cost of technology falling and more employers implementing a platform to support their pension auto-enrolment requirements, demand for flex keeps growing.Independent research commissioned by Simplyhealth in July 2015 showed that 51% of corporates surveyed revealed that they ...
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ArticleEY awards staff $1m through global recognition programme
EY has rewarded the achievements of staff through its new global employee recognition programme, Better begins with you.The initiative recognises employees that have found innovative and impactful ways of fulfilling the organisation’s aim of building a better working world.More than 75 finalists in its Better begins with you programme attended ...
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Article24% felt motivated at work in 2015
Less than a quarter (24%) of respondents felt motivated at work in 2015, according to research by Red Letter Days for Business.Its report, Employee motivation: Who came out on top in 2015?’, which is based on 2,006 responses from employees, also found that 34% of staff could not name a ...
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ArticleJust 27% do not find the New Year return to work stressful
Just 27% of respondents do not find returning to work after the Christmas and New Year break stressful, according to research by MetLife Employee Benefits.Its survey of 1,064 employees also found that around a third (31%) of respondents cite catching up on work they failed to finish before the festive ...
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6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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49, Axa industry insight - Creating a positive approach to psychological health
Breaking down stigma is an important first step to tackling the challenges of mental ill health in the workplace, but what else can employers do to encourage better mental health among staff? According to NHS England, there is a clear link between physical and mental ill health, emphasising the importance ...
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43, Aetna industry insight - International medical insurance – extending the care net
Standfirst: Traditional medical insurance is evolving to meet the growing demands of employers and their international workforces.The global nature of today’s commercial landscape has seen organisations expand across international boundaries with increasing frequency. The growing number of globally mobile employees has led to rising expectations of healthcare protection for staff ...
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41, Health Assured industry insight
Stress-related absence levels have risen and the working environment continues to put pressure on individuals. This is often as a result of modern technology preventing individuals from switching off, long working hours and high operational demands on individuals taking precedence over wellbeing.All of these factors take their toll on an ...