All Article articles – Page 560
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ArticleUK salaries set to increase 3% in 2015
Pay for UK employees is set to increase by 3% for 2015, according to research by Aon Hewitt.Its Global salary increase survey surveyed 560 organisations, representing 5,390 employers in 121 countries, This included 215 UK organisations.The 3% projection is consistent with findings from the last three years, in which salary ...
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ArticleAuto enrolment opt-out rates remain low among new recruits
Auto-enrolment opt-out rates have remained low among employees recruited after large employers began complying with the legislation, according to research by consultancy Towers Watson.Its FTSE 350 defined contribution pension survey, which analyses the changes and trends in pension provision among the 350 largest UK-listed organisations, found that the average opt-out ...
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ArticleEmployee Benefits Awards 2015 shortlist announced
BNP Paribas, BT Group, Clifford Chance, EE, Lidl and Universal Music Group are among the employers shortlisted for the Employee Benefits Awards 2015.In total, there are 24 categories, which will award employers that have excelled in a number of areas of employee benefits including pensions, healthcare, flexible benefits, communication and ...
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ArticleLuton Town Football Club to pay living wage
Luton Town Football Club (FC) is the first football league club to be accredited as a living wage employer.The club has committed to paying all employees the national living wage of £7.85, whether they are permanent staff or third-party contractors and suppliers.The national living wage is an hourly rate set ...
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Article31% of staff believe employers should aid weight loss
Almost a third (31%) of employees believe their employers should help them lose weight, according to research by PMI Health Group.Its study, which surveyed 582 adults aged 16-64, who are currently in full or part-time employment in Great Britain, found that this figure rose to 41% in Scotland and 38% ...
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ArticleEmployee Benefits digital magazine - April 2015
Read the full digital April edition of Employee BenefitsWhy should organisations take steps to shelter themselves against employee benefit-related risk? Read how they can do so in Protective measures.Some employee benefits attract tax and national insurance exemptions, so it is essential that employers keep up to date with the rules ...
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ArticleVodafone pioneers global maternity policy
With effect from last month, the multinational telecommunications group will offer staff 16 weeks’ fully paid maternity leave to help retain talented and experienced female staff.New mothers will also receive full pay for working a reduced 30-hour week for the first six months after they return to work.The policy, which ...
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ArticleBuyer's guide to contract-based defined contribution pension schemes
What is a contract-based defined contribution (DC) pension scheme?A contract-based DC scheme is based on contributions from both employers and staff. It can be a group personal pension (GPP), a stakeholder scheme or a group self-invested personal pension (Sipp).What are the origins of contract-based DC pension schemes?Most new DC schemes ...
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ArticleA guide to tax-efficient benefits
If you read nothing else, read this. .. There are a number of individual tax rules for all tax-efficient benefits. Changes to pensions and childcare vouchers affect their tax position and how employees take the benefits. New tax rules apply to employee share schemes.There is a growing list of tax- ...
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ArticleCharles Cotton: How could the general election impact employee benefits?
Although pay is now outpacing the cost of living, it will take a few years more before real earnings are back to their pre-recessionary levels.The idea of a living wage is one reward issue that will come to the fore during the election campaign. This could put pressure on some ...
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ArticleJohnson and Johnson promotes Euan Hutchinson
Euan Hutchinson has been promoted to global process owner, total rewards to pay at Johnson and Johnson.In his new role, Hutchinson will be responsible for ensuring that the organisation’s total reward to pay processes run as optimally and smoothly as possible. This is aimed at enabling its HR team to ...
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ArticleCross has moved to Equinix
Robert Cross has joined web hosting organisation Equinix as senior reward manager, Europe, Middle East and Africa (EMEA).In this role, he is responsible for developing and implementing reward policies, processes and procedures, as well as managing projects and programmes.Cross previously held roles at Tui Travel as interim head of reward, ...
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ArticleTSB Banking Group appoints David Hope
David Hope has joined TSB Banking Group as director of performance and reward.In this role, Hope will be responsible for developing and delivering TSB’s reward strategy.He has joined the bank from Aviva, where he was HR director, group reward. He worked previously at Hay Group as a consultant.
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ArticleCommission must be included in holiday pay
Employers must take commission payments into account when they calculate holiday pay, an employment tribunal has ruled.In the case of Lock v Brititsh Gas, the tribunal ruled that the Working Time Regulations should be read to ensure commission is brought into the calculation for holiday pay in line with the ...
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HSBC and Dumfries and Galloway Council awarded payroll accreditation
HSBC has been accredited with the Payroll Quality Partnership (PQP) accreditation from the Chartered Institute of Payroll Professionals (CIPP).Dumfries and Galloway Council has also been awarded the accreditation.In addition, the John Lewis Paternship, North Bristol NHS Trust, Shropshire Council, and Armstrong Watson have been re-accredited.A total of 50 organisations have ...
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Article50 Shades of Grey drives holiday take up
Something for the weekend… Some NHS employees have been encouraged to book their holiday allocation now in order to avoid potentially busier times later in the year.A notice posted in one hospital staff room warned midwives to “book your holiday now” ahead of a rush of births expected nine months ...
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ArticleOlswang launches personalised communications
EXCLUSIVE: Olswang has launched new technology to help personalise communications around its employee benefits package to its more than 500 staff. The international technology, media and telecommunications law firm will use the technology to help employees achieve their personal goals and communicate benefits around these.It is using Nudge Global’s Quantum ...
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ArticleTrivial benefits in kind deferred from 2015 Finance Bill
A proposals to introduce a statutory tax exemption for trivial benefits in kind (BIK) on spends up to £50 has been dropped from the Finance Bill 2015.With the deferral of the exemption, employers will need to continue to rely on imprecise guidance and informal agreements with HM Revenue and Customs ...
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ArticleBehavioural science can boost motivation
A better understanding of the science behind the impact of pay and reward on employee behaviour could increase staff motivation, according to a study by the Chartered Institute of Personnel and Development (CIPD).Its Show me the money! The behavioural science of reward report also found that money may not always ...
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ArticleOCS Group to pay living wage
Outsourced Client Solutions (OCS) Group has been accredited as a living wage employer.The international facilities management business has committed to pay the living wage to all members of staff at its UK headquarters.The living wage is an hourly rate, which is set independently, updated annually and paid by employers on ...