All Article articles – Page 606
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Article20% of employers intend to make changes to pensions
A fifth (20%) of employer respondents intend to make changes to their workplace pension scheme as a result of the recent Budget and Department for Work and Pensions’ reforms, according to research by Hargreaves Lansdown.The HL June employer survey, which questioned more than 300 employers, found that 60% of respondents ...
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ArticleDebi O’Donovan: Benefits and HR managers should join the pensions debate
Over in the pensions industry, the talk is all about how incoming choices around pension savings at retirement will affect retirees. They are also discussing how the government will deliver the face-to-face guidance needed to support these wider choices.While I am sure there are a few practitioners in benefits and ...
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ArticleEmployee Benefits digital magazine – July 2014
Many employee benefits providers are rethinking their service proposition, branching out into new areas and products. Read why in Fresh pickings (page 18)British Sugar’s previously disjointed benefits have been reshaped into a total reward offering that staff enjoy. Read how the sugar manufacturer did it in Making life sweeter (page ...
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ArticleThales wins Grand Prix at Employee Benefits Awards
Thales won the prestigious Grand Prix award at the Employee Benefits Awards 2014, and also took the prizes for ’Best total reward strategy’ and ’Best alignment of benefits to business strategy’.The judges chose the security and defence firm for the top award because of the sheer scale of its achievements.Most ...
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ArticleAverage pay has doubled in past 40 years
Average pay for full-time employees in the UK has more than doubled since 1975, according to research by the Office for National Statistics (ONS).Its UK wages over the past four decades, 2014 report analysed the impact of the recession on real earnings, as well as the impact of the introduction ...
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Article47% believe health cover is essential for expats
Nearly half (47%) of respondents believe that health cover for their employees is an essential part of the benefits package when working overseas, according to research by Expacare.Its Anatomy of an international business research, which surveyed 1,000 employers, found that 43% believe that share options are an essential part of ...
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ArticleDOD’s blog: Summer treats cause a stir
Yesterday morning the news flew through our offices that free ice creams were on offer outside in the hot summer sunshine.Staff vacated their desks at such speed there was a danger of being crushed in the rush. It certainly did not mirror the reluctant dispersal in the fire drill earlier ...
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ArticleNorth Korean employer bans chocolate bonus
Something for the weekend…Here at Employee Benefits, a chocolate treat is a common part of our working week. We couldn’t imagine our treats being banned.But employees at North Korea’s Kaesong Industrial Complex became so used to receiving a chocolate bonus after restrictions were placed on cash incentives, that they sold ...
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ArticleTop 10 most read articles this week
The top 10 most read articles on employeebenefits.co.uk from 26 June to 3 July 2014:1. DHL Express launches online benefits portal 2. How to manage workplace burnout 3. Which employers will win Employee Benefits Awards? 4. Gyles Brandreth to host Employee Benefits Awards5. Extended right to request flexible working comes ...
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ArticleSports Direct 2015 bonus scheme approved
Sports Direct’s 2015 bonus share scheme received approval by shareholders at its annual general meeting on 2 July.Some 60% of shareholders voted for the implementation of the bonus share scheme, which was put to shareholders in a circular on 9 June.The terms of the bonus scheme provide for the grant ...
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ArticleAverage pay is 7% lower than before recession
Average pay is 7% lower than before the recession and 20% behind where it would have been if the economy had continued to grow based on pre-recession trends, according to a report by the Confederation of British Industry (CBI).Its Making Britain work for everyone: Facing up to challenges in our ...
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Article53% think higher contributions under auto-enrolment will aid recruitment
More than half (53%) of respondents that intend to contribute more than the minimum pension contributions for auto-enrolment think it will help to recruit and retain staff, according to research by Now: Pensions.Its research, which surveyed 450 small and medium-sized enterprises (SMEs), found that 40% believe that by contributing more ...
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ArticleMichelle Cracknell: Should employers encourage the consolidation of small pension pots?
No, we do not think employers should be encouraging their employees to consolidate small pension pots.Pensions are long-term savings products. They have a long tail, which means employees could be sitting with old pension pots that have some useful or valuable features.Making a general comment, even if it is related ...
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ArticleGroup risk report 2014
Read the digital edition of the Employee Benefits/Friends Life Group risk report 2014The report includes the following articles:David Williams: Workplace support for cancer sufferers is keyGroup risk in numbersWhat role do group risk benefits have in financial, mental and physical wellbeing?How group risk insurances must adapt to an ageing workforceTop ...
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ArticleIndividual savings account allowance rises to £15,000
The annual individual savings account (Isa) allowance will increase to £15,000 from today (1 July 2014).The increase, which was announced in Chancellor George Osborne’s Budget in March, allows staff transferring exercised shares into an Isa from a maturing employee share scheme to protect more of their gains over the tax-free ...
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Article59% used benefits platform to manage pensions auto-enrolment
Nearly two-thirds (59%) of respondents used a benefits platform to manage auto-enrolment, according to research by JLT Employee Benefits.Its latest JLT 250 Club survey found that 67% of respondents said their view of how benefits platforms can be used had changed following auto-enrolment.More than half (51%) of respondents currently provide ...
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ArticleInterview with John Mayor, head of UK rewards and HR project management at Danone
Mayor has always believed in the virtues of developing specialisms in many different professional areas, and it was this ambition that led him into the world of HR and reward three years ago.Since joining Danone in 1998, Mayor has held a variety of roles, including sales, customer service, supply and ...
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ArticleDuncan Brown: The best benefit is training and development
Last month I wrote about Professor Jules Goddard’s award-winning research calling for “bolder investments and higher costs” to provide a sustainable basis for our economic recovery. But, particularly in low-paying and labour-intensive industries, how can you possibly increase your pay and benefits costs and stay in business?Two reports out last ...
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ArticleHealth Management to run Health and Work Service
The government has appointed occupational health provider Health Management to deliver its new Health and Work Service after a five-month tendering exercise.The Health and Work Service, which is to be launched in late 2014 with a phased roll out until the end of May 2015, aims to help employees on ...
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ArticleGovernment sets out plans for guidance guarantee
The government has announced that its guaranteed guidance on pensions choice will be provided by independent organisations rather than pension providers.The changes, which were announced in the Budget in March and will come into effect from April 2015, follow the government’s consultation on how best to deliver the changes to ...