All Article articles – Page 516
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Council employees receive two-year pay rise offer
Council employees have been offered a 2% pay increase over two years starting from April 2016.The pay offer proposes that staff who earn at least £17,714 a year receive a 1% pay rise in April 2016 and another 1% increase in April 2017. Those on lower salaries would receive higher ...
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Just 24% are happy with their benefits package
Less than a quarter (24%) of respondents are happy with their workplace benefits package, according to research by health and wellbeing provider Benenden.Its survey of 2,000 employees also found that 28% of respondents believe a good benefits offering increases their loyalty to their employer.The survey also found:23% of respondents say ...
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Watch Employee Benefits Wired: the changing pensions landscape on demand
Employee Benefits Wired: the changing pensions landscape, is now available to watch on demand.The 30-minute panel discussion can be viewed online at anytime via EB TV on employeebenefits.co.uk.The webinar took place on 1 December in association with Close Brothers Asset Management.The panel included Debbie Lovewell-Tuck, editor of Employee Benefits, Natasha ...
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Workplaces transform into winter wonderlands
Something for the weekend...Employees around the globe have been bringing the festive spirit into their place of work by decorating their desks with Christmas cheer.Some have opted for life-sized gingerbread houses, while others have gone for snow scenes, gift-covered or candy cane-themed decor, or fireplaces decked with stockings.Workers are sharing ...
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Top 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk from 3-9 December 2015: British Gas holiday pay case reaches tribunalFairline Boats fails to pay pension contributionsHow to engage the 30- to 40-year-old generation with retirement savingsBT, Asda and Holiday Extras awarded for employee share plansCan selfies and helter-skelters boost productivity?Expedia and ...
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Confessions of a benefits manager: Candid segments the workforce
I wish Big Bad Boss wouldn’t jump on any old bandwagon that’s passing. This time he’s seen a presentation at an HR conference and now he’s all about employee segmentation. I know I should be more enthusiastic, but I’ve been here before.This is how it always pans out: first BBB ...
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EXCLUSIVE: Withers goes green with benefits portal
EXCLUSIVE: Withers has enhanced its benefits portal to communicate annual salary increases and bonus payment updates to its UK employees, moving away from paper communications in line with its commitment to conducting business in a sustainable manner.The portal, provided by Staffcare, offers bespoke employee views that show compensation, including individual ...
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Institute of Chartered Accountants agrees £30 million pension buy-in
The Institute of Chartered Accountants has agreed a medically underwritten buy-in transaction for its £200 million pension scheme.The £30 million transaction with Partnership was completed in November. The organisation's Staff Pensions Fund is one of the few UK pension schemes to have completed two medically underwritten buy-ins, after completing a ...
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60% of active scheme members are in defined contribution schemes
Almost two-thirds (60%) of respondents' active pension scheme members are in a defined contribution (DC) scheme, compared to 32% in 2011, according to research by the Pensions and Lifetime Savings Association (PLSA).Five year trend data from the PLSA's annual survey, based on responses from 63 private sector employers, also found ...
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Enter the Employee Benefits Awards for the chance to be recognised as best in class
The deadline for the annual Employee Benefits Awards closes on Friday 11 December 2015, so don’t delay.The awards ceremony provides the chance to showcase the outstanding work that reward and benefits professionals have conducted over the past year, recognising benefits approaches that have made a significant difference to organisations and ...
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Expedia and Schuh among top employers for workplace culture
Expedia, GE and Schuh are among the UK winners at the 2016 Glassdoor employees’ choice awards, receiving accolades in recognition of their workplace culture.Based on anonymous employee feedback, the organisations are ranked on the overall rating achieved over the past year on a five-point scale, five meaning the member of ...
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81% want employers to help with financial education
More than eight in ten (81%) respondents would like personal finance help from their employer, according to research by the Open University Business School (OUBS) and Share Radio.The survey of 3,040 employees also found that 64% of respondents have never received financial education.The research also found:A third (33%) of respondents ...
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60% believe bikes-for-work schemes boost productivity
Almost two-thirds (60%) of employee respondents believe that cycling to work improves their productivity, according to research by the Cycle to Work Alliance.The study, based on responses from 13,148 employees and 352 employers who participate in a bikes-for-work scheme provided by one of the four Cycle to Work Alliance members, ...
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Helix Industry Insight p10: Mitigating costs for the long term
For over a decade employers have seen a steady increase in spend on healthcare with medical inflation varying between 6% to 12%, compounded. For many, this is an accepted cost to retaining a benefit. For others, the sustainability of funding such increases is being questioned.Private medical insurance (PMI) has, in ...
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Milton Keynes Council receives living wage accreditation
Milton Keynes Council has been accredited as a living wage employer by the Living Wage Foundation.The council has been paying its 2,600 employees the living wage rate of £8.25 an hour since April 2015.The council has now committed to ensuring employees of contractors who work for at least two hours ...
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39% have communicated national living wage to staff
Just over a third (39%) of respondents have communicated the upcoming implementation of the national living wage to staff, according to research by the Department for Business Innovation and Skills (BIS).Its survey of 1,000 employers also found that 63% of respondents know which employees in their organisation should receive the ...
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13% look to employer for retirement planning support
More than one in ten (13%) employee respondents look to their employer for support with retirement planning, according to research by Baring Asset Management.Its survey of 1,548 employees also found that 14% think it is an employer's responsibility to help them understand the asset allocation of their pension fund.The survey ...
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Fairline Boats fails to pay pension contributions
Luxury boat-building organisation, Fairline Boats, has failed to pay employees' pension contributions for three months.Its 468 members of staff have not received pension contributions from the organisation since the beginning of October 2015, although the money has been deducted from workers' pay packets.Mick Orpin, regional officer at Unite the Union, ...
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11% believe staff save enough for retirement
Just over one in 10 (11%) respondents believe their employees are saving enough for retirement, according to research by Wealth at Work.Its study, which surveyed 94 employers, also found that 40% of respondents do not offer their workforce financial education around the options available to them under the pension freedoms, ...
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A quarter of employers will not hold a Christmas party for staff
A quarter (25%) of organisations will not provide their workers with a Christmas party this year, according to research by the Institute of Leadership and Management (ILM).However, its research, which surveyed 1,800 employees, also found that 66% of respondents identify their work Christmas party as a valuable opportunity to build ...