All Article articles – Page 538
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ArticleRobert Downey Junior is Hollywood’s highest-paid actor
Something for the weekend…Robert Downey Junior has been named Hollywood’s highest-paid actor by Forbes magazine, with average earnings of £51.2 ($80) million between June 2014 and June 2015.Also topping the list are Jackie Chan, Vin Diesel, Bradley Cooper and Adam Sandler.The top 15 highest-paid actors are:1. Robert Downey Junior (pictured): ...
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ArticleTop 10 most read stories this week
The top ten most read stories on employeebenefits.co.uk between 30 July and 5 August:1. 82% have a staff travel policy.2. CEO rewards staff with £17m bonus.3. Netflix introduces unlimited maternity and paternity leave.4. BT staff to receive £265m through share schemes.5. Reward Gateway to share £6.5m among staff.6. Government launches ...
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ArticleUniversity of Lincoln rewards staff with retail credit
EXCLUSIVE: The University of Lincoln has rewarded its more than 2,000 employees through an online recognition scheme to thank them for their contribution to the organisation’s success over the course of the year.It has awarded employees with £40 worth of credit, which they can use to claim vouchers from a ...
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ArticleCourt rules travel expenses are subject to tax
Reed Employment has lost an appeal against HM Revenue and Customs (HMRC), in which it contested up to £158 million in tax payments relating to travel expenses for the temporary workers it employed.The case covers the period between 2001 and 2006 when the employment agency aimed to make non-taxable payments ...
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ArticleUS employers must reveal CEO and median staff pay gap
The US Securities and Exchange Commission (SEC) has adopted a final rule that will require public employers in the US to disclose the difference in pay between the chief executive officer and the median compensation received by other employees.Organisations can choose what methodology they use to identify their median employee ...
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ArticleLinkedIn redesigns Sydney office to motivate staff
Social networking website LinkedIn has revealed a newly redesigned office at one of its locations in Sydney, Australia, to motivate staff.Changes include a games arcade, cinema, indoor barbeque and smoothie station.The design incorporates an Australian theme, with the walls decorated with kangaroos, and boardrooms given names such as ‘Strewth’ and ...
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Article34% too tired from work to enjoy life outside of it
Over a third (34%) of respondents are too tired to enjoy life outside of work as a result of their job, according to research by communications consultancy Lansons.Its Britain at work report, which is based on two surveys conducted by Opinium with 2,003 and 2,008 UK employees, found that this ...
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Article32% of London workers are motivated by non-monetary benefits
Around a third (32%) of workers in London are most motivated by non-monetary benefits, selecting them as a key differential when looking for work, according to research by NGA Human Resources.The study, which surveyed 1,500 people working full-time in UK-based organisations, also found that around three-quarters (76%) of Londoners say ...
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ArticleApetito commits to living wage
Food producer for the health and social care sector, Apetito UK, has committed to ensuring that all of its 1,100 employees receive the living wage or higher from early 2016. At present, 82% of the organsiation’s workforce earns the hourly living wage of £7.85 or above, including all staff at ...
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ArticleTribunal rules on valuation of restricted shares
The First-Tier Tribunal has ruled that restrictions should be taken into account when shares issued to employees are valued for tax purposes.In the case of Sjumarken v HM Revenue and Customs [HMRC], Lars Sjumarken was employed by BNP Paribas as an investment banker, in charge of BNP’s EU investment banking ...
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ArticleVolkswagen launches pension sessions for staff
EXCLUSIVE: Volkswagen has introduced educational classes about the pension freedoms for its 960 UK staff.The classes were designed following the pension flexibilities, which were first announced in the 2014 Budget. The first session was launched at the end of June 2015, with more seminars planned for September and November.The organisation ...
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ArticleNetflix introduces unlimited maternity and paternity leave
Netflix has implemented unlimited maternity and paternity leave for its 2,019 members of staff during the first year after a child’s birth or adoption. The on-demand media streaming service has introduced the initiative in an attempt to combine the needs and aspirations of its employees and the business.Parents can return ...
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ArticlePeel Ports introduces car salary sacrifice scheme
Peel Ports Group has introduced a car salary sacrifice scheme for its 1,100 members of staff.The scheme, provided by Tusker, launched in May 2015. It will build on the group’s flexible benefits scheme, which was introduced in 2014. Howard Sloane, group human resources (HR) director at Peel Ports Group, said: ...
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ArticleMicrosoft US enhances benefits package
Microsoft US is to enhance its parental, holiday and 401(k) pension benefits.The technology giant, which employs 59,853 staff in the US, is introducing its enhanced benefit offerings with the aim of fostering a supportive workplace culture that embraces diversity and inclusion. An enhanced parental packageFrom November 2015, its US-based staff ...
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ArticleGovernment launches financial advice review
The government has launched a major UK-wide review to examine how financial advice could work better for consumers.The Financial Advice Market Review will look at all types of retail financial products, including pensions, insurance, savings and mortgages.The review will consider ways to encourage people to seek financial advice and to ...
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ArticleAdobe enhances family leave package
Adobe will be introducing extended maternity and paternity leave for its 6,500 US employees from November 2015.New mothers at the California-based firm will receive 26 weeks of paid leave, through a combination of parental and medical leave.Under Adobe’s extended family leave package, primary caregivers and new parents will get 16 ...
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ArticleUnum acquires National Dental Plan
Financial protection firm Unum has announced the acquisition of National Dental Plan (NDP) from Capita plc in a deal worth £31.7 million.The acquisition of the dental insurance provider, which remains subject to regulatory approval, will widen Unum’s portfolio of employee benefits.The deal will help both Unum and NDP to expand ...
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Article59% believe they do not require pensions advice
Over half (59%) of respondents believe they do not require pensions and retirement advice when planning to make a withdrawal from their pension pots, according to research by Money.co.uk.The study, which surveyed 669 over 55-year-olds with a pension, also revealed that just one in five (20%) of respondents that are ...
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Article32% unclear about Pension Wise service
Almost a third (32%) of respondents are unclear about the service Pension Wise can provide to employees, according to research by Close Brothers Asset Management.Its survey of 700 employers found that 29% do not know who their employees are turning to for information around the pension reforms.The study also found:13% ...
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ArticleBT staff to receive £265m through share schemes
Some 23,000 BT employees are to receive £265 million between them through the organisation’s share scheme payout.Two of the communication firm’s sharesave plans have matured, a five-year plan that opened in 2010 and a three-year plan that commenced in 2012.Almost 13,000 employees joined each of the schemes and around 2,500 ...