All Article articles – Page 599
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ArticleFTSE 100 execs paid 131 times more than staff
FTSE 100 executives are paid an average 131 times more than their employees, according to research by the High Pay Centre.The research, which compared FTSE 100 executive pay recorded by organisations in their annual reports, found that there has been a rise in executive pay levels compared to those of ...
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ArticleUnicom launches employee discounts scheme
Unicom has launched an employee discounts scheme for its 300 staff.The telecommmunications firm introduced the online scheme, which is provided by Reward Gateway, after the results of a staff survey showed that incentives were one of the benefits staff felt would make Unicom a good place to work. The company ...
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ArticleKuoni boosts staff wellbeing with nutrition challenge
Employees at travel firm Kuoni have completed a three-month nutrition challenge designed to improve their wellness.Some 40 employees took part in the initiative, which was designed and provided by SuperWellness.During the three-month period, employees competed for prizes and could attend a series of presentations on nutrition-based topics, such as boosting ...
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ArticleStaff data could boost wellbeing and motivation by 2020
Data monitoring and profiling using employees’ personal data could help employers to improve staff wellbeing and boost motivation levels, according to reseatch by PricewaterhouseCoopers (PWC).Its The future of work: A journey to 2022 report, which surveyed 10,000 employees and 500 HR professionals globally, found that nearly a third of respondents ...
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ArticleFTSE 100 executives receive cash in lieu of pension
FTSE 100 directors received cash payments worth 27% of their salary in lieu of pension membership in 2013, according to research by Incomes Data Services (IDS).The IDS Executive Compensation Review also found that directors of companies listed on the alternative investment market (AIM) received an annual cash payment in lieu ...
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Article23% have not considered ongoing auto-enrolment duties
Nearly a quarter (23%) of respondents have not yet thought about how they will deal with ongoing pensions auto-enrolment responsibilities once they have reached their staging date, according to research by Creative Auto Enrolment.Its research, which surveyed 505 medium-sized organisations, which will stage between April 2014 and April 2015, also ...
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ArticleUnmissable benefits tax keynote at EB Live
Delegates at Employee Benefits Live 2014 can find out all they need to know about the tax changes impacting benefits in a keynote session on 24 September.In the session titled ‘Business critical tax and legislation changes impacting benefits’, John Whiting (pictured), tax director at the Office of Tax Simplification (OTS), ...
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ArticleAsons launches benefits to boost staff motivation
Asons Solicitors has launched a range of initiatives to help boost the motivation and satisfaction of its 306 staff. The Greater Manchester-based law firm has launched a social committee, a corporate gym membership and a referral scheme.It has also introduced a gift and incentives scheme, where employees are rewarded with ...
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ArticleHMRC to withdraw employee benefit trust settlement opportunity
Employers that used an employee benefit trust (EBT) before 6 April 2011 must notify HM Revenue and Customs (HMRC) by 31 March 2015 if they wish to take advantage of the beneficial terms of the EBT settlement opportunity (EBTSO) to settle the resulting pay-as-you-earn (PAYE) and national insurance contributions (NICs) ...
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ArticleOffside rule easier to explain than pensions
Something for the weekend… On the eve of the start of the new Premier League season, employees are more likely to be engaged in dream-team sweepstakes than their workplace pension scheme.But it turns out that football’s infamous offside rule may be easier to explain than communicating and explaining a pension ...
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ArticleDOD’s blog: Get the free stuff right first
Don’t tell all the consultants and suppliers selling services, but … in my opinion, most of what makes a great employer costs nothing at all. While these things can all help, to me they come quite far down the list of what really makes an organisation a pleasure to work ...
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ArticleTop 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 7-13 August:1. Government publishes draft Taxation of Pensions Bill 2. PAYE tax code changes could adversely impact employers ?3. University of Reading launches salary sacrifice cars and bikes ?4. Employee Benefits Summer School launches ?5. Glassdoor launches benefits comparison site ?6. ...
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Article53% offer a savings scheme through payroll
More than half (53%) of respondents offer a savings scheme to staff where deductions are made via payroll, according to research by the Chartered Institute of Payroll Professionals (CIPP).Its Policy research paper – saving through payroll, which surveyed employers as well as representatives from the payroll industry, found that 41% ...
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ArticleMore than 4m now auto-enrolled into workplace pension
More than four million employees have now been auto-enrolled into a workplace pension, according to research by The Pensions Regulator (TPR).Its monthly declaration of compliance report found that more than 21,000 employers have now completed their declaration of compliance, informing TPR how they have met their duties.Charles Counsell (pictured), executive ...
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ArticleTotal pay falls 0.2% since June 2013
Pay, including bonuses, for UK employees was 0.2% lower than it was a year ago, according to research by the Office for National Statistics (ONS).Its UK Labour market, August 2014 report found that this was mainly due to an unusually high growth rate for April 2013 because some employers that ...
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ArticleEmployee Benefits Summer School launches
Employee Benefits launches its first video Summer School for benefits and HR professionals this week.Benefits professionals will be able to brush up their knowledge on the latest trends and changes in key benefits areas by watching this series of short videos.Benefits experts from leading suppliers will run the educational, online ...
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ArticleTowers Watson appoints new head of retirement
Towers Watson has appointed Peter Rowles head of its retirement practice for the UK and Ireland.Rowles will succeed John Ball, who was appointed Europe, Middle East and Africa (EMEA) head of retirement solutions in June 2014.Rowles joined the organisation in 1987, and has held various leadership roles, most recently head ...
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ArticleInvestec Bank wins £6m bonus claim
Investec Bank has won a £6-million bonus claim against two former employees.The High Court rejected the claim by Andrew Brogden, former head, and Robert Reid, deputy head, of its structured equity desk.The pair had claimed that their 2010/11 bonus had been pre-agreed in an oral contract with the organisation and ...
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ArticlePAYE tax code changes could adversely impact employers
HM Revenue and Customs’ (HMRC) pay-as-you-earn (PAYE) tax code regulations could have an adverse impact on employers and employees, according to the Association of Taxation Technicians (ATT).The professional body has expressed its concerns in writing to HM Revenue and Customs (HMRC).It stated that HMRC’s proposal to relax the timeframe in ...
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Article42% expect to raise basic pay
Some 42% of respondents expect their organisation to raise basic pay, according to research by the Chartered Institute of Personnel and Development (CIPD).Its latest Labour market outlook survey, which questioned more than 1,000 employers, found that this expectation has fallen from 48% in the CIPD’s spring 2014 report.The research also ...