All Article articles – Page 598
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ArticleBusinesses estimate a third of staff will struggle past traditional retirement age
HR directors believe that on average 31% of their current workforce would not be able to perform their jobs adequately past the traditional retirement age. Despite this, over half (54%) of businesses expect an increase in the number of older employees within the company.The research, conducted for MetLife Employee Benefits ...
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ArticleManufacturing employees see 2.6% pay rise
Pay rises in the manufacturing industry are rising faster than any other industry sector, according to research by engineering and manufacturing employers’ association EEF.Its survey, which covered 331 organisations and 68,000 employees, found that pay rose by 2.6% in the six months from February to July, an increase from 2.4% ...
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ArticleWhat employers need to know about calculating holiday pay
In July, the Confederation of British Industry (CBI) warned that these costs could run into billions of pounds and could even bankrupt some organisations. Katja Hall, deputy director-general at the CBI, said: “Moving the legal goalposts in this way is unacceptable.“We need the UK government to take a strong stand ...
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ArticleRound-up of tax and legislation changes in summer 2014
Here is a round-up of legislative and tax changes announced this summer:The government published its draft Taxation of Pensions Bill, which provides further details about how people can access defined contribution pension savings flexibly from April 2015. The government confirmed that National Savings and Investments and HM Revenue and Customs ...
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ArticleAsda to share insight into recognition plan at EB Live
Jane Earnshaw, senior director of reward at Asda, will give delegates an insight into the retailer’s company-wide recognition scheme at Employee Benefits Live.In the session, titled ‘Motivation and recognition schemes to drive productivity’, Earnshaw will demonstrate how the organisation has developed its recognition scheme over the past 15 years, particularly ...
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Article23% believe they offer above average benefits
Just under a quarter (23%) of respondents believe their organisation offers an above average benefits package for employees, according to research by ORC International. Its ORC Employee benefits monitor survey also found that 63% feel they offer benefits that are in line with their peers, while 9% feel they offer ...
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ArticleEmployee Benefits Academy aids skills growth
A joint venture between Employee Benefits magazine and Total Reward Academy, the Employee Benefits Academy provides expert, practical training in benefits and compensation management.The Employee Benefits Academy’s 2014 courses are open for registration.This year’s remaining benefits course will take place on 20 – 24 October.This will cover: the design and ...
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ArticleEmployee Benefits digital magazine – September 2014
HR and benefits professionals of the future will need a wide variety of new expertise to drive business growth. Read how in Cutting edge skills (page 16)Data can be essential to a healthcare strategy. Learn how in Focus on the facts (page 23)When Dixons and Carphone Warehouse merged, a major ...
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ArticleCheshire NHS Trust introduces physiotherapy benefit
Chesire and Wirral Partnership NHS Foundation Trust has introduced a third-party physiotherapy service to help improve staff health and reduce absence levels. The physically demanding nature of many of its job roles meant many of its 3,500 staff were suffering from musculoskeletal disorders (MSD) and having to wait more than ...
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ArticlePhoenix Group agrees DB pension longevity swap
Phoenix Group has entered into a longevity swap for its defined benefit pension scheme.The longevity swap of the PGL Pension Scheme, which covers 12,000 members and has a liability of around £900 million, is aimed at hedging against the risk of rising costs as a result of the current pensioners ...
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ArticleDOD’s blog: History is against us on unfair pay
And so it was this week, when the Chartered Management Institute published its annual National management salary survey in which it found female managers earn 35% less than men.No one likes unfairness, and I condemn it completely.But unpicking the causes of this unfairness are extremely tough. These days, in the ...
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ArticleLong-service award for 101-year-old employee?
Something for the weekend…If ever an employee deserved a long service award, then surely it is a 101 year-old man who has worked for the same organisation for an astonishing 73 years. Herman Goldman’s employer, US-based light fixtures firm Capitol Lighting, may want to consider a number of possibilities to ...
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ArticleTop 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 14-21 August.1. How to provide financial education so that staff maximise their options 2. How to implement car salary sacrifice for your business 3. Kuoni boosts staff wellbeing with nutrition challenge 4. Building a proactive workplace health strategy 5. Ocado launches ...
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ArticlePageGroup launches voluntary benefits
EXCLUSIVE: PageGroup has launched a voluntary benefits scheme for its 1,200 UK employees. Since the global recruitment organisation launched the scheme, provided by Reward Gateway, in July, more than 50% of employees have taken up the scheme.The benefits available via the online portal include access to more than 1,200 retail ...
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Ladbrokes to close DB pension scheme
Ladbrokes has begun a consultation to close its defined benefit (DB) pension scheme to future accrual.Its final salary scheme closed to new members in 2007.The betting organisation is anticipating contributions of £9.2 million this year to help reduce its deficit.The cost of running the scheme stands at £62,500 a month.In ...
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ArticleLehman Brothers staff to receive £184m pension settlement
Nearly 2,500 Lehman Brother employees will receive their defined benefit pensions in full after these were safeguarded following the settlement of a six-year investigation and legal proceedings.Five organisations in the collapsed bank will now have to pay £184 million to cover staff pension benefits as a result of action taken ...
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ArticleFemale managers earn 35% less than men
The gender pay gap between male and female mangers of all ages is £9,069 a year, according to research by the Chartered Management Institute (CMI).Its annual National management salary survey, which has been published in conjunction with salary specialists XpertHR and draws on data covering 68,000 UK employees, found that ...
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ArticleBuilding Futures Group and Enspec Power accredited as living wage employers
The Buidling Futures Group and Enspec Power have been accredited as living wage employers.The accreditation is a formal agreement by the organisations to pay employees at least £7.65 an hour, or £8.80 in London, higher than the current minimum wage of £6.31 an hour.Sarah Bentley, chief executive of skills and ...
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ArticleEmployee benefits trusts closed to tax avoidance
A tribunal has closed a tax avoidance scheme which routed the profits of a tax advisory business through employee benefits trusts (EBTs). HM Revenue and Customs (HMRC) challenged tax deductions of almost £9 million which tax advisor John Dryburgh’s organisations, Scotts Atlantic Management and Scotts Film Management paid into EBTs.Employee ...
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ArticleSocial media is key to staff engagement
Mervyn Dinnen (pictured), blogger, and content and social engagement strategist, will speak about social media and its role in engaging employees in the opening keynote session on the second day of Employee Benefits Live.The session, ‘Social media to engage top talent’, will provide an overview of social media, including how ...