All Article articles – Page 566
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ArticleFacebook plans to build town for staff
Something for the weekend…Facebook founder Mark Zuckerberg (pictured) has revealed extravagant plans to build an eco-friendly town for staff to live in.Called Zee-town, this will be close to the firm’s San Francisco headquarters. The plans consist of a 200-acre plot complete with roads, supermarkets, hotels and homes for 10,000 employees ...
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ArticleTop 10 most read stories this week
The most read stories on employeebenefits.co.uk from 19-26 February 2015:1. Sky outsources benefits admin to focus on strategy2. IBM staff can claim damages against DB closure3. Google’s best-paid jobs4. How to create an integrated financial wellbeing strategy5. Auto-enrolment continues to be a burden6. Santander to discuss salary sacrifice cars at ...
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ArticleFuture trends unveiled at Employee Benefits Connect
Employee benefits form a key pillar of any wellbeing strategy, so these need to evolve to meet the needs of the workforce today as well as the workforce of tomorrow.In a session titled ‘Key employee trends in the future workplace’, Tim Jackson, head of marketing strategy at Unum, will discuss ...
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ArticleBalfour Beatty delays £85m pension payment
Balfour Beatty has agreed new terms with the trustees of its defined benefit (DB) pension scheme over an £85 million deficit payment that was due next year.The UK infrastructure group will now make the payment over the next eight years, starting with a £4 million cash payment in 2016.This will ...
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Article65% of NHS staff attended work when ill
Around two-thirds (65%) of NHS staff attended work in the previous three months despite not feeling well enough to perform their role, according to research by the NHS.However, this is a decrease from the 68% that said the same in 2013.The 2014 NHS staff survey, which surveyed 255,000 NHS employees, ...
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ArticleTechnology can maximise DC pension flexibility engagement
How employers and employees can use new technology to maximise defined contribution (DC) pension flexibilities will be discussed in a session at Employee Benefits Connect on 4 March.In a session titled ‘Using technology to maximise new DC pensions flexibilities: helping both employers and employees’, Lee Hollingworth (pictured), partner and head ...
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ArticleHayes Davidson launches employee ownership trust
Hayes Davidson has launched an employee ownership trust.The architectural visualisation studio organisation is now 100% owned by its employees (pictured) after it launched the trust at the end of January 2015.Employees in an employee-ownership trust organisation can receive income-tax-free bonuses of up to £3,600 per tax year.Hayes Davidson closely follows ...
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ArticleLow Pay Commission recommends 3% minimum wage increase
The Low Pay Comission (LPC) has recommended that the government increase the current adult national minimum wage by 3%, to £6.70.The current national minimum wage for employees of 21 years and over stands at £6.50 per hour. It will remain at this level until October 2015.Due to the rate of ...
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ArticleIBM staff can claim damages against DB closure
Members of IBM’s UK defined benefit (DB) pension scheme will be able to claim damages against it over the closure of the schemes, the High Court has ruled.The technology organisation is seeking to appeal the latest decision in the case of IBM vs Dagleish, which it “respectfully” disagreed with, according ...
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ArticleSky outsources benefits admin to focus on strategy
EXCLUSIVE: Sky has outsourced its employee benefits administration to enable the home entertainment and communications organisation to focus on driving its benefits business strategy.It appointed Capita Employee Benefits in January following a tender process in October 2014.The provider will look after its pension auto-enrolment, benefits selection, benefits administration, consultancy, helpdesk ...
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ArticleHSBC bonus pool fell to £2.38bn in 2014
HSBC’s bonus pool for staff across the organisation fell to £2.38 billion in 2014, down by £2.5 billion from 2013.However, the banking group’s Annual results 2014 also highlighted that its spend on employee compensation and benefits increased by 4% in 2014.Its report stated that because of further regulatory changes to ...
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Article£13,800 gender pay gap exists in public relations sector
A gender pay gap of more than £13,887 exists in the public relation (PR) sector, according to research by the Chartered Institute of Public Relations (CIPR).Its State of the profession 2015 report found this is an increase of 12% on the £12,390 gap identified in 2014.Of the average pay gap ...
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ArticleWalmart to invest $1 billion to increase staff pay
Walmart is to invest $1 billion (£652 million) to increase the hourly pay of more than 500,000 of its 1.4 million workforce.The US supermarket giant, which is the parent organisation of Asda, pledges to award staff at least $9 (£6) an hour, which is above the US minimum wage of ...
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ArticleWages set to grow by 1.9% in 2015
Real pay is set to increase by 1.9% in 2015, with UK employees set to enjoy their first increase in wages since 2007, according to research by economic forecaster, EY Item Club. Its latest report on the labour market found that wage growth is expected to continue to accelerate, underpinned ...
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Auto-enrolment continues to be a burden
The business barometer survey published by Close Brothers Asset Management in January, for example, found that more than three-quarters (76%) of employer respondents now notice the administrative burden created by auto-enrolment, a 7% increase since September 2014.In addition, figures published by The Pensions Regulator (TPR), also in January, highlighted that ...
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ArticleNicky Morgan: What can employers do to address the pay gap?
Tackling the gender pay gap is about more than making sure women are paid the same for doing the same job as men, although this is of course essential. It is also about ensuring women can access a range of careers, including those with higher pay, enabling them to move ...
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ArticleJon Dymond: What can employers do to address the pay gap?
While employers need to ensure that they are paying people the same money for the same work without reference to gender, as the law insists, addressing pay inequality alone will not remove the pay gap.Whether we as employers like it or not, traditionally male-dominated sectors pay more on average than ...
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ArticleGreet Brosens: What can employers do to address the pay gap?
The Autumn Statement 2014 announced that the gender pay gap is at its lowest in history and this is fantastic news. However, until the pay gap is completely closed, employers will continue to experience challenges in the workplace.This disparity in pay can be damaging. It can undermine a hard-won reputation, ...
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ArticleDebbie Lovewell-Tuck: Employers primed for financial wellbeing
This question came to the fore again last month when the government rolled out a new interest-free loan scheme across the UK.The scheme, which was previously piloted in London, works in the same way as a season ticket loan, enabling employees to take out a loan for a house rental ...
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ArticleMichelle Tudor: How could the general election impact employee benefits?
We can expect to see the national minimum wage continue to increase. The Conservative Party’s sights are set on reaching a minimum wage of £7 per hour, while the Labour Party has pledged to increase the minimum wage to £8 per hour by 2020.A Labour government would also increase the ...