All Article articles – Page 582
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ArticleLloyds Banking Group staff to receive back pay
More than 10,000 former and current Lloyds Banking Group employees are to receive hundreds of pounds in back pay after the bank denied employees a pay rise.Employees are being awarded the payments after a long-running dispute over contracts that staff were asked to sign following the merger of Lloyds TSB ...
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Article66% say costs rose post auto-enrolment
Two-thirds of respondents (66%) that have measured the impact of auto-enrolment within their organisation say compliance has increased their costs, according to the Employee Benefits/Close Brothers Pensions research 2014, which surveyed 216 respondents in September 2014.Overall, 60% of respondents have measured the impact of auto-enrolment on their organisation. A further ...
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ArticleECJ rejects UK challenge to bankers' bonus cap
The European Court of Justice (ECJ) has rejected the UK’s challenge to EU legislation that caps the level of bankers’ bonuses.The cap restricts bonuses to 100% of banker’s pay or 200% with shareholder approval.The UK government had challenged the legislation, asking the ECJ to consider six arguments against both the ...
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ArticleHollywood actress feels gender pay gap
Something for the weekend…Many of us dream of earning the kinds of pay cheques reserved for high-earning Hollywood stars.However, it seems that even these big hitters are not immune to the impact of the gender pay gap. According to two-times Oscar winner actress Hilary Swank (pictured), her earnings would be ...
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ArticleGender pay gap decreases to 9.4%
The gender pay gap has narrowed to 9.4% compared with 10% in 2013, the lowest gap since 1997, with women in their twenties and thirties earning a higher hourly wage than men for the first time, according to research by the Office for National Statistics (ONS).Its Annual survey of hours ...
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ArticleWEC Group launches staff loan scheme
WEC Group has launched an employee benefits loan scheme for its 425 employees. The engineering service provider has partnered with the Jubilee Tower Credit Union to create the employee benefit loan scheme. The partnership gives employees an alternative way to borrow money, and the chance to switch current high-interest loans ...
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Article90% would return to work rather than face health assessment
Nine out of 10 (90%) of employees would rather go back to work than face an independent health assessment, according to research by law consultancy Protecting.co.uk.Its research, which surveyed 1,562 employees, also found that 78% of staff believe that a Fit for Work (formerly known as the Health and Work ...
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ArticleEbola poses difficult challenges for employers
HR and global mobility professionals cannot ignore the issue and potentially fatal impact of Ebola on their workforces as the deadly virus disease continues to spread across the globe. As new cases are reported in the western world, particularly among hospital workers and healthcare professionals, employers must consider how far ...
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Article48% of employers plan to limit future pay growth to cover auto-enrolment costs
Almost half (48%) of employers plan to limit future pay growth to cover their auto-enrolment costs , according to a Chartered Institute of Personnel and Development (CIPD) survey.Among the 1,080 employers questioned for the Labour market outlook: focus on pension auto-enrolment 2014, 19% expect to reduce hiring or cutting jobs.Just ...
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ArticleEmployee Benefits Connect, London focuses on HR, benefits and global reward
The fourth annual Employee Benefits Connect will take place in London on 4 March 2015.It is the perfect opportunity for HR, benefits and global reward managers to catch up on current trends, upcoming changes to benefits and to meet leading benefits providers.The conference will include streams on employee benefits strategy, ...
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ArticleJaguar Land Rover employees reject pay offer
Almost 13,000 Jaguar Land Rover employees have rejected a three-year pay offer.The car manufacturer has been urged to renegotiate with workers, after members of trade union Unite rejected its proposed pay offer and pension changes in a consultative ballot.12,881 voted to reject the pay offer, with 454 voting to accept ...
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ArticleElectric-shock headset could boost productivity
Something for the weekend… If an employee is feeling low, unproductive and tired, finding ways to boost energy levels can be hard to come by.Caffeine intake could well be the easy solution for some employees, while an employer’s motivation strategy could also go someway to help.But imagine the power of ...
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ArticleDOD’s blog: It’s a goodbye from me
This is my final blog as editor of Employee Benefits. But is it certainly not my final employee benefits blog.After 16 lovely years at Employee Benefits and Centaur Media I am taking the plunge of working for myself.From Monday I will be setting up my own media agency for the ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk from 7-13 November:1. Pensions salary sacrifice: what employers need to know 2. Axa UK launches online employee benefits microsite 3. Government updates bring-your-own-device guidance 4. Aggregate launches mental health campaign 5. Pension reforms drive staff need for guidance 6. George Bull: Scrapping ...
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ArticleXL Group appoints Fitzgerald
XL Group has appointed John Fitzgerald global compensation and benefits partner.He will lead the benefits agenda across the organisation’s international locations, as well as support compensation globally. Fitzgerald’s previous positions include international compensation and benefits manager at Discovery Communications and compensation and benefits manager at Integera LifeSciences.
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ArticleTotal pay increases by 1%
Total pay (including bonuses) in Great Britain has risen 1% year on year, according to research by the Office of National Statistics (ONS) reveals.Its UK labour market research report also found that for July to September 2014, regular pay (excluding bonuses) for staff in Great Britain was 1.3% higher than ...
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Article74% of small employers want support with pension issues
Almost three-quarters (74%) of small and mirco employers with pension issues want support from intermediaries.According to the research from Nest, the government-backed auto-enrolment pension scheme for UK employers, employers also expect support from the outset, with many expecting help as soon as they begin preparations.Many also require ongoing support, with ...
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ArticleAxa UK launches online employee benefits microsite
EXCLUSIVE: Axa UK has created a dedicated microsite through which staff past and present can access all of the organisation’s employee benefits information. The website allows staff to access information on the insurer’s flexible benefits, voluntary benefits and pension and share schemes. More than 6,500 employees have visited each of ...
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ArticleOne in eight remain in low pay for a decade
One in eight (12%) employees have remained in low pay for more than a decade, according to research by the Resolution Foundation.The think tank’s Escape Plan report, commissioned by the Social Mobility and Child Poverty Commission, used official data sets to track low paid workers over the course of the ...
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ArticleGovernment updates bring-your-own-device guidance
The guidance applies to any type of BYOD software product running on a personally-owned device including: container applications on personally-owned smartphones, bootable USB media on home PCs and remote desktop or remote application products.The security aspects in the guidance include: creating an effective BYOD policy to ensure devices are only ...