All Article articles – Page 535
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ArticleCancer accounts for 29% of long-term sickness claims
Cancer and mental health issues accounted for 47% of income protection claims paid over the last year, according to research by Unum. Its Annual claims statement, based on income protection claims paid to 1,700 employees between August 2014 and July 2015, also revealed that around a quarter (24%) of claims ...
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11, 12: How can employers calculate a return on investment on employee motivation strategies?
If you read nothing else, read this…Employee engagement surveys can help employers determine what really motivates their staff.If employers measure staff turnover and retention rates, they could calculate whether the motivational benefits they offer are effective.Working out the potential return on investment prior to implementing motivational benefits can save time, ...
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ArticleEquinix to discuss global reward at Employee Benefits Live
Rob Cross (pictured), senior reward manager, Europe, Middle East and Africa (EMEA) of web hosting firm Equinix, will discuss global reward at Employee Benefits Live 2015 on 21 September.The session, entitled ‘How to develop a global reward strategy while retaining local flexibility,’ will focus on how employers can ensure that ...
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Article9% to repay mortgage with retirement savings
Almost one-tenth (9%) of respondents intend to use their retirement savings to repay their mortgage, according to research by insurance firm Partnership.Its survey of 1,494 people aged 40-70 in 2015 and 1,541 in 2014, found that 6% of respondents in 2015 plan to use their tax-free pension lump sum to ...
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ArticleBetter work-life balance drives people to change jobs
Around a third (30%) of respondents believe that improved work-life balance is the primary reason someone may change their job, according to research from recruitment firm Robert Half UK.The annual study, which surveyed 200 HR directors, also revealed that 27% perceive higher remuneration, including salary, bonus and employee benefits, as ...
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ArticleBarclays chairman uses Feng Shui on company cars
Something for the weekend…The new chairman of Barclays, John McFarlane, has ordered a new fleet of cars for staff to improve Feng Shui.The bank used to have black limousines but now has a fleet of silver vehicles for executive employees in order to improve the harmony of those using them.McFarlane ...
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ArticleTop 10 most read stories this week
1. Police to appeal against EAT decision on age discrimination2. Tesco staff to take part in Cycle to Work Day3. Lumo Energy engages 92% of employees4. Jelf confirms takeover discussions with Marsh5. Workers at Stansted Airport to strike over pay6. Hear why benefits must suit employers’ internal culture7. 69% take ...
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ArticleSainsbury’s to award staff 4% pay rise
Sainsbury’s is to give some 137,000 store-based employees a 4% salary increase.The pay rise, which will come into effect from 30 August, will increase Sainsbury’s standard rate of pay to £7.36 per hour.This is the highest pay increase for store staff that the supermarket has awarded in more than a ...
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ArticleWorkplace should promote mental wellbeing
More than four-fifths (85%) of respondents believe they have a significant responsibility to provide staff with a working environment that promotes mental wellbeing, according to research by Buck Consultants at Xerox.Its survey of more than 400 employers across 31 countries also revealed that 28% of UK employers rate stress levels ...
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ArticleCaledonian MacBrayne earns living wage accreditation
Ferry operator Caledonian MacBrayne’s parent company, David MacBrayne, has been accredited by the Poverty Alliance on behalf of the Living Wage Foundation.The organisation has committed to paying its 1,450 staff the hourly living wage rate of £7.85, including all employees at Argyll Ferries.Caledonian MacBrayne has also made a commitment to ...
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ArticleNational Museums Scotland staff strike over pay
Staff at National Museums Scotland are currently holding a seven-day strike in a dispute over weekend pay arrangements.Weekend working allowances have not formed part of the contracts for new staff members since 2011.Employees that are members of the Public and Commercial Services Union (PCS) want the weekend pay allowance, which ...
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ArticleBonus payments increase by 2.7%
Total bonus payments reached £42.4 billion in the UK in the 2014-2015 financial year, according to the Office for National Statistics (ONS).Its annual report found that bonus payments increased by 2.7% on the previous financial year and came in at just 0.1% below the 2007-2008 financial year, when bonuses reached ...
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ArticlePolice to appeal against EAT decision on age discrimination
An appeal has been filed against the Employment Appeal Tribunal’s (EAT) ruling that a regulation enabling police forces to compulsorily retire officers after they become entitled to a pension worth at least two-thirds of pensionable pay (typically after 30 years’ service) is not age discriminatory.The judgment in the case of ...
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ArticleTesco staff to take part in Cycle to Work Day
Tesco staff will be taking part in Cycle to Work Day on 3 September.The annual event aims to encourage workers to cycle their commute for just one day to boost active travel and healthier living.Around 500 organisations representing 800,000 employees, including Tesco’s 300,000 staff, will be encouraged to take part ...
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Article96% foresee changes to state pension
Just 4% of financial advisers believe the state pension will continue in its present form over the next 30 years, according to research by pension provider Aegon UK.Its survey of 208 financial advisers found that almost half (49%) of respondents that think there will be changes to the current system ...
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53, Buyer's guide to total reward statements
TRS can also be used to communicate the value of less tangible benefits, such as learning and development and flexible-working arrangements, as well as, for example, enhanced parental leave and pay, and employee assistance programmes.The idea that employees value different benefits at different stages of their career has become one ...
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ArticleHear why benefits must suit employers' internal culture
Employee benefits must be adapted to suit an organisation’s internal culture and its workforce in order to boost engagement, according to Dr Neil Lancaster (pictured), people and social responsibility director at Gamestec Leisure. He will discuss this and other cost-effective strategies for boosting staff engagement at Employee Benefits Live 2015 ...
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ArticleDeloitte reports 18% gender pay gap
Deloitte has revealed that its male staff are paid 18% more than their female counterparts.The accountancy firm is due to publish details of its gender pay gap next week in its annual Impact Report. It supports prime minister David Cameron’s proposals to require larger businesses with more than 250 employees ...
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Article69% take entire pension pot as cash lump sum
More than two-thirds (69%) of respondents have chosen to take their entire pension pot as a cash lump sum since the pension freedoms came into effect in April, according to research by Royal London.The life, pensions and investment firm’s survey of 800 customers found that just under a third (32%) ...
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ArticleLumo Energy engages 92% of employees
Almost all, (92%) of Lumo Energy’s 500 employees feel engaged following its introduction of an employee engagement and recognition programme earlier this year.Its programme, ‘Luminosity- Rewarding Awesomeness’, also received an initial participation rate of 100%.The scheme, provided by Power2Motivate, was designed to actively engage Lump Energy staff with the organisation’s ...