All Article articles – Page 619
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ArticleTFL staff strike over pay and pensions
Transport for London (TFL) employees are to strike for 24 hours on 9 May in a dispute over pay and pensions.Union members from the Rail, Maritime and Transport (RMT) union, Transport Salaried Staff’s Association and Unite are protesting against the organisation’s proposals to pay staff based on their performance, as ...
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ArticleCourt rules Honda staff entitled to higher pension benefits
Honda’s UK manufacturing employees could be entitled to a higher scale of pension benefits, after the Court of Appeal upheld a High Court decision.The organisation faces additional pension liabilities of between £47 million and £70 million following the decision, which ruled that an agreed lower benefit structure for Honda UK’s ...
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ArticleGovernment to amend definition of money purchase for pensions
The government has published proposed final amendments to the definition of money purchase pension schemes.The Department for Work and Pensions launched a consultation in October 2013 to attempt to clarify the definition of money purchase included in section 29 of the Pensions Act 2011.The consultation followed the Supreme Court’s July ...
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ArticlePay levels impact sex life
Something for the weekend…High earners may receive the top cash bonuses, but it seems that the time spent in the boardroom is affecting the time they spend in the bedroom.Research published by sex-toy and lingerie website Lovehoney.co.uk found that only 4% of employees who earn more than £50,000 a year ...
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Top 10 most stories read this week
The top 10 most read articles on employeebenefits.co.uk from 1-8 May:1. Employers focus on improving staff engagement2. 67% go to work when ill 3. Why benefits professionals need to consider corporate social responsibility4. Bacardi and Samsung shortlisted for pensions award5. Pension charges cap could level up low charges 6. Global ...
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ArticleDebi O’Donovan: How far does CSR extend?
Everyone has their own way to check whether what organisations say about themselves holds true.For example, any corporate entity can paint itself green and say it is environmentally friendly. But if its actions do not match its words, it will soon be found out. Probably by its own staff first.So ...
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Article
Employee Benefits Connect well received in US
Speakers from BlackRock, Hallmark Cards and Loews Corporation presented case studies during the day-long conference.The programme was praised by delegates.Mary Beth Giroux, senior benefits administrator at Coach, said: “All the information was very helpful, and it was very thought-provoking.“There was a lot of information that I took away from it, ...
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ArticleTop 15 stories on the website last month
1. Employee Benefits Awards 2014 shortlist announced 2. Budget 2014: More flexibility to be allowed when taking DC pension savings 3. Employer-supported childcare vouchers to go 4. Court rules IBM breached employer duties in pensions restructure 5. Government increases cap on tax-free childcare 6. Employee Benefits Hot 100 2014 7. ...
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Barclays and BT lead public reporting on wellbeing
Barclays, British Land Company, BT, GlaxoSmithKline and the Royal Bank of Scotland Group have been identified as the leading FTSE 100 organisations that publicly report on employee wellbeing and engagement, according to research by Business in the Community (BITC).Its second Workwell FTSE 100 benchmark, which analyses information made available by ...
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ArticleBacardi and Samsung shortlisted for pensions award
Bacardi and Samsung are among the employers that have been shortlisted for the award ‘Best pensions communications – small employer’ at the Employee Benefits Awards 2014.For this award, the judges were looking for a successful communications strategy, which helped to boost employee knowledge, and understanding, of pensions and the need ...
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ArticleSome occupations saving into pensions for the first time
Thousands of UK employees in jobs where it is not traditional to save into a pension scheme, including sales assistants, technicians and dinner ladies, are building up retirement savings for the first time, according to research by the Office for National Statistics (ONS).Its latest Annual survey of hours and earnings ...
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Article60% incurred no extra costs from RTI
Almost two-thirds (60%) of respondents have not incurred any additional costs as a result of complying with the real-time information (RTI) programme, according to research by the Chartered Institute of Payroll Professionals (CIPP).The CIPP Payslip statistics comparison report found that 33% of respondents had incurred additional costs, while 7% did ...
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ArticleEmployee Benefits magazine – May 2014
Corporate social responsibility has become a vital part of business strategy. Part of a good CSR is also treating your own staff well, as well as considering the impact of your reward practices on CSR. Read Footprint of responsibility, page 30.Employees want to use mobile technology and apps to access ...
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ArticleEmployers focus on improving staff engagement
The Benefits Research 2014, which was conducted in March 2014 among 256 respondents, found this was the case for just under three-quarters (72%) of respondents.Engagement has topped the list of issues shaping respondents’ benefits strategies since 2011, when 71% of respondents said this was the case, followed by 73% in ...
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Article67% go to work when ill
More than two-thirds (67%) of respondents have gone to work when they were sick, according to research by Axa PPP Healthcare.Its online research, which surveyed 2,000 employees, found that 21% of respondents blamed a heavy workload for going to work when they were ill.Other reasons included:18% felt guilty about staying ...
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ArticleRegisters of Scotland enhances eyecare benefits
Registers of Scotland has enhanced the eyecare benefits it provides to staff.The land and property register has launched an e-voucher system, provided by Specsavers Corporate Eyecare, which includes an eye test, £65 towards glasses, if required, and £35-worth of store vouchers.The system allows employees to order and redeem vouchers electronically. ...
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ArticleTesco and Finmeccanica to speak at Employee Benefits Summit
Speakers include Sarah Purnell, head of UK reward and benefits at Tesco, and Martin Flavell, human resources director at Finmeccanica.In recent years, both these organisations have won Employee Benefits Awards for their benefits strategies.They will have the opportunity to discuss the latest trends and upcoming challenges affecting employers and employees, ...
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ArticleTui UK and Ireland launches health challenge
EXCLUSIVE: Tui UK and Ireland has launched a walking challenge to promote fitness and wellbeing among its employees.The walking challenge, called Step To It, was launched at the end of April, and is aligned with National Walking Month, which runs from 6 May to 2 June.Carolyn Parker, HR business partner ...
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ArticleAuto-enrolment has minor impact on flexible benefits plans
However, 17% did revise their communications around flexible benefits to take auto-enrolment into account.About one-tenth of respondents did have to make adjustments to either their processes (14%) and/or their design (9%).But no respondents removed, or even considered removing, their flexible benefits plan because of auto-enrolment.Read more of the Employee Benefits/Towers ...
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ArticleGlobal employee engagement continues to rise
Global employee engagement levels increased to 61% in 2013, up from 60% in 2012 and 58% in 2011, according to research by Aon Hewitt.Its 2014 Trends in global employee engagement report, which represents the perspectives of seven million employees across more than 6,000 organisations in 155 countries, found the regions ...