All Article articles – Page 590
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Article
Total reward is dead
Total reward is dead, according to Duncan Brown, head of the UK performance, reward and talent consulting practice at Aon, and Martha How, partner, reward and benefits at Aon.Speaking in a session on ‘The demise of total reward’ at Employee Benefits Live on 24 September, Brown explained that the impact ...
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ArticleEmployee share plans boost motivation and loyalty
Employees who participate in employee share plans are less likely to be absent and to leave their employer, but more likely to work longer hours and be more satisfied with their roles, according to research undertaken by National Institute of Economic and Social Research (NIESR) and London School of Economics ...
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ArticlePremier Foods to launch share incentive plan
Premier Foods is to launch a share incentive plan (Sip) for its employees.Under the proposed terms of the scheme, which is aimed at increasing employee share ownership, the food manufacturer wlll award 500 free shares to all UK-based employees. Gavin Darby, chief executive officer at Premier Foods, said: “I believe ...
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ArticleThree-quarters of parents rate flexible working as very important
Nearly three-quarters of parents rate flexible working as very important when they are looking for a new job, according to research by Workingmums.co.uk, sponsored by BBC Future Media.The survey of more than 2,000 parents also found that homeworking is the most popular form of flexible working among employers, but few ...
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ArticleEmployers must prepare for shared parental leave requests
Under the new rules, which take effect from December 2014, parents will be able to share 12 months’ leave after the birth of their child.Employees who discover they are pregnant and are due to give birth after 5 April 2015 can start sending their employers a notice of eligibility and ...
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ArticleOne in four employees do not know how much they pay in to pensions
One in four employees do not know how much they contribute to their workplace pension fund, and many are unsure about how much they should be saving for an adequate retirement, according to research by Scottish Widows.The Scottish Widows pensions report, which surveyed 5,200 UK adults, also found that one ...
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ArticleEmployee gains from sharesave schemes more than double
Employee gains from sharesave schemes have more than doubled in the last year, according to research by law firm Pinsent Masons.Its research found that profits made by employees at the conclusion of the scheme, either after three or five years, have increased by 141% from £360 million up to £870 ...
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ArticleDefault investment strategies must have flexibility to deal with uncertainty
Default investment strategies must be robust enough to be able to deal with uncertainty and the evolution of pensions, according to Tim Banks, managing director of sales and client relations at AllianceBernstein.Speaking in a session on ‘Defined contribution (DC) investment – do we need to think again?’ at the National ...
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ArticleCreating sustainable EU pension system a key priority
Creating a sustainable and adequate pension system across the European Union (EU) is a key priority, according to Gabriel Bernardino (pictured), chairman of the European Insurance and Occupational Pensions Authority (EIOPA).Speaking at the National Association of Pension Funds (NAPF) annual conference on 17 October, Bernardino also challenged pension scheme providers ...
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ArticlePSHPC launches dependants' life cover
Employees will now be able to cover their partner on a group life assurance policy through a dependant’s benefit provided by Punter Southall Health and Protection Consulting’s (PSHPC) new group life product, Havensrock, which is insured by Scottish Friendly.Traditionally, group life pays a lump sum to an employee’s chosen beneficiary ...
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ArticleConsultancies combine communications practices
Hymans Robertson and communication specialists Like Minds have created a new joint venture aimed at bringing together its communication practices.The joint venture will marry the two entities in a 50/50 partnership with the existing Hymans Robertson and Like Minds communication teams combining, working from offices in London and Kenilworth in ...
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ArticleEnding of colleague's contract not maternity discrimination
An employment tribunal has ruled that failure to inform an employee about the ending of a colleague’s contract does not result in maternity discrimination.The decision comes from the case Smith-Twigger v Abbey Protection Group, where the claimant had worked full-time but from April 2011 arranged, because of her childcare responsibilities, ...
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ArticleCivil Service staff to receive equal parental leave pay
All Civil Service employees will be entitled to full parental leave pay from April 2015, the government has announced today.Currently, only mothers are entitled to full pay when a couple chooses to share parental leave but under new reforms, fathers will also be given the same entitlements.Under the current system, ...
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ArticleEmployee engagement in pensions requires less fund choice
Employees who work for employers that offer a limited choice of investment options for their workplace pension scheme are likely to be more engaged in retirement planning than staff who are offered a vast choice. Speaking at the National Association of Pension Funds annual conference 2014 in Liverpool on 16 ...
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ArticleCentrica to launch network for working fathers
EXCLUSIVE: Centrica is setting up a social dads network for its working fathers following a review into updating the organisation’s family-friendly policies.The energy organisation, which owns British Gas, decided to implement such a programme on the back of the shared parental leave legislation which comes into force in December.As a ...
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ArticleSouthern Water launches employer-paid health cash plan
EXCLUSIVE: Southern Water has launched an employer-funded health cash plan for its 2,000 employees.The scheme, ‘yourHealth Cash Plan’ provided by Bupa, has achieved more than 68% employee opt in since its launch in July.The organisation launched the scheme after research among employees found that staff wanted assistance with healthcare costs.More ...
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ArticleTwo-thirds of employers recognise importance of company cars
Two-thirds of employer respondents say the company car is an important employee benefit, according to research by Lex Autolease..Its Report on company motoring, which is compiled from independent surveys of more than 1,400 businesses, company car drivers and employees who use their own car for work purposes, also found that ...
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ArticleGuidance guarantee to be delivered under single brand
The government’s guidance guarantee will be delivered under a single brand rather than under the Pension Advisory Service (TPAS) or Money Advice Service (MAS) brands, confirmed the Financial Conduct Authority (FCA) at the National Association of Pension Funds (NAPF) annual conference.The government announced in July that its guaranteed guidance on ...
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ArticleUniversity of Birmingham launches car salary sacrifice
The University of Birmingham has launched a car salary sacrifice car scheme for its 6,500 members of staff.Through the scheme, which is provided by SGFleet, employees can take up a fully maintained and insured car, with savings available through tax and national insurance efficiencies, as well as corporate discounts. The ...
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ArticleClare Bettelley: Company car schemes can be easy to implement
And this is particularly the case with company car schemes, because of the perceived work required by employers to identify which employees they should, and can afford to, offer the perk.This suggests two things: that they have had a bad experience with a service or service provider in the past, ...