All Article articles – Page 537
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ArticleFood for thought for employees in space
Something for the weekend…Earlier this summer, the Employee Benefits’ team was drooling over the Michelin-starred fare that Heston Blumenthal was cooking up for British astronaut Major Tim Peake to eat on his six-month mission to the International Space Station.Now NASA has announced that astronauts have successfully grown fresh food in ...
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ArticleTop 10 most read stories this week
The top ten most read stories on employeebenefits.co.uk between 6-13 August:1. Court rules travel expenses are subject to tax2. Amey extends wellbeing strategy3. Microsoft US enhances benefits package4. Unum acquires National Dental Plan5. Volkswagen launches pension sessions for staff6. University of Lincoln rewards staff with retail credit7. Towers Watson launches ...
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ArticleCam Specialist Support commits to living wage
All employees at window cleaning firm Cam Specialist Support will receive the living wage of £7.85 per hour, or £9.50 in London.This is higher than the current national minimum wage of £6.50 per hour, and will be paid to all those working for the organisation regardless of whether they are ...
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ArticleTotal pay grows by 2.4%
Pay, excluding bonuses, increased by 2.8% in April to June 2015, according to figures published by the Office for National Statistics (ONS). The ONS UK labour market, August 2015 report found that total pay, inclusive of bonuses, grew by 2.4% in April to June 2015. This represents a lower rate ...
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ArticleWealth at Work in management buyout
Equistone Partners Europe has completed a management buyout of financial education and wealth management provider Wealth at Work.The £50 million buyout from Palatine Private Equity means that Equistone has a majority stake in Wealth at Work.Palatine retains a minority stake in the financial services firm, alongside Equistone and the management ...
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ArticlePB Design launches employee ownership trust
Standby power supply firm PB Design has become 100% employee-owned after transitioning to an employee-ownership trust model.PB Design Employee Trustee, the trustee of the PB Design Employee Ownership Trust, which was advised by law firm Fieldfisher, acquired all the shares in the organisation in July 2015. The move to employee ...
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ArticleJust Retirement and Partnership Assurance to merge
Just Retirement Group and Partnership Assurance Group are to merge to create JRP Group.The boards of the two annuity providers have agreed on the terms of a recommended all-share merger. Just Retirement shareholders would own a 60% stake in JRP Group, with Partnership Assurance owning the remaining 40%.In addition to ...
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ArticleBalfour Beatty moves staff eyecare online
Infrastructure group Balfour Beatty has moved its employee eyecare benefits online with the introduction of e-vouchers. Over 1,000 employees have access to these vouchers, provided by Specsavers Corporate Eyecare, which cover safety eyewear, sight tests, driver eyecare and DSE eyecare.The vouchers can be purchased and distributed electronically via the new ...
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ArticleEmployers paid £7bn towards DB pension deficits in 2014
Respondents paid £7 billion towards their defined benefit (DB) pension deficits in 2014, according to research by Barnett Waddingham.The research, which is based on publically disclosed pension accounts from 218 FTSE 350 organisations, also revealed that aggregate pension deficits have reached their highest level in five years, and employee pension ...
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ArticleBT Pension Scheme invests £1 billion in private equity
BT Pension Scheme, one of the UK’s largest occupational pension schemes, has given a £1 billion mandate to private equity specialist Hermes. The £1 billion allocation from the defined benefit (DB) pension scheme will be invested over three years.It will be split evenly between funds and co-investments, and invested on ...
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Article46% say employers have a duty of care to staff health
Less than half (46%) of respondents believe employers have a duty of care to the health of their staff, down from 95% in 2009, according to research by leadership development firm Morgan Redwood.Of the 250 respondents to its Wellbeing and business performance report 83% believe that business performance and employee ...
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ArticleEmployers anticipate median pay award of 2%
Excluding bonuses, respondents planning a pay review over the year to June 2016 expect to give a median pay award of 2%, according to research by the Chartered Institute of Personnel and Development (CIPD).Its quarterly Labour market outlook report, which surveyed 931 employers, also found that one in five plan ...
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10: Top tweets in the run-up to Employee Benefits Live
?@duncanbHR: Resolving unequal pay, addressing gender pay gaps – Duncan Brown @EmploymtStudies at Employee Benefits Live next month bit.ly/1TQtI3J@AonBenefits: We’re exhibiting @EB_Live as the headline sponsor at Olympia National, London, 21 & 22 Sept. Register now: bit.ly/1MKpxWV@Benefex_UK: Employee Benefits Live is fast approaching. Have you registered for your ticket? buff.ly/1Ktz9pj ...
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Global mobility: Is your finger on the pulse?
brightcove.createExperiences();The five minute video tutorial above covers:What are the major current trends in global mobility?Everyone is talking about return on investment - what is it and how can it be measured?How is generation Y different when it comes to global mobility?How ...
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Financial education in practice
https://player.vimeo.com/video/136815856The nine-minute video tutorial above covers:How should employers respond to pension reforms?What late career support should employers offer?What should employers consider around early career support for staff?What should employers take into consideration around whole-of-career support?Which groups will require special support?What do employers need to know about guidance and advice?To watch ...
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The future of business travel
https://player.vimeo.com/video/136701604The five minute video above covers: How can employers lower the total cost of mobility?What should employers take into consideration in order to focus more on looking after their employees?How can employers use business mobility to support the changing work of transport and travel?How can employers analyse the business travel ...
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Driving engagement and productivity and recognising the importance of communicating benefits
brightcove.createExperiences();The 10 minute video tutorial above covers:How can you make staff engagement a driver of performance?How can employers help to drive engagement?How can we support productivity with a healthy workforce?How can employers help to drive productivity?Can the communication of benefits really ...
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ArticleAmey extends wellbeing strategy
EXCLUSIVE: Public and regulated services provider Amey has introduced new wellbeing initiatives to improve the health and wellbeing of its 21,000 members of staff.The new initiatives, provided by The Tonic and implemented from July, include health and wellbeing days, as well as health assessments, mindfulness training, and injury clinics. The ...
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ArticleGovernment to end union fee payments
The government plans to end state-run trade union subscription payments for all public sector workers.Under the current employer-administered process, known as ‘check off’, subscriptions are taken directly from the salaries of public sector employees that are union members.Following the removal of this practice, staff will instead pay union subscriptions by ...
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ArticleTowers Watson launches employee benefits insurance agency in Japan
Global professional services firm Towers Watson has established an employee benefits insurance agency in Japan, known as Towers Watson Insurance Advisors Japan.The new agency forms part of an organisation-wide initiative to provide integrated global benefit services for multinational clients, and to meet the needs of major local organisations. Towers Watson ...