All Article articles – Page 640
-
ArticleSickness absence rates fell in last 10 years
More than 130 million days were lost due to sickness absence in the UK in 2013, down from 178 million days in 1993, according to research by the Office for National Statistics.Its Sickness absence in the labour market, February 2014 report, which looked at sickness absence trends over the past ...
-
ArticleAverage combined DC pension contribution is 10%
The average combined employer and employee contribution to a defined contribution (DC) pension scheme now totals 10%, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Employee outlook: focus on employee attitudes to pay and pensions survey, which surveyed nearly 2,700 employees, found that, on average, respondents ...
-
ArticleLinks of London sees 0.8% auto-enrolment opt out
EXCLUSIVE: Links of London has seen 0.8% of its auto-enrolled employees opt out of its new group personal pension (GPP) plan since its staging date on 1 November 2013.The British jeweler, which is part of the Folli Follie Group, has 75 outlets across the UK and employs around 500 employees.It ...
-
ArticleAverage defined contribution pension charge is 0.75%
The average annual management charge (AMC) for trust-based defined contribution (DC) pension schemes is currently 0.75% of the fund per year, according to research by the Department for Work and Pensions.Its Landscape and charges survey 2013: charges and quality in defined contribution pension schemes comprised a combination of quantitative research ...
-
Article
Get good value at Employee Benefits Connect, New York
The team that runs Europe’s largest employee benefits event will launch its first event in New York on 25 March.Employee Benefits Connect is an exciting new event from Centaur Media that is big enough to inspire but small enough to engage on a one-on-one basis.Debra Corey, international rewards director who ...
-
Article
Bikes for work take-up rises year on year
More than 164,000 employees joined a bikes-for-work schemes in 2013, according to figures from the Cycle to Work Alliance.This represents a 16.4% increase from 2012 and the biggest growth in UK employees taking up the tax-efficient benefit since 2010.Steve Edgell, director at Cycle Solutions and chair of the Cycle to ...
-
Article
New Tupe regulations come into force
Changes to the Transfer of Undertakings (Protection of Employment) (Tupe) regulations come into effect on 31 January.The new rules mean:Changing employees’ terms and conditions of employment after a Tupe transfer will be easier, albeit in limited situationsChanges to terms and conditions of employment derived from collective agreements will be possible, ...
-
Article
Laughter best medicine for wellbeing
Employers looking to reduce workplace stress may find the answer is closer than they think - in the form of a good laugh.Instead of suffering in silence or turning to an employee assistance programme, employees could try their hand at laughter yoga to boost their wellbeing.What is that you may ...
-
Article
Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 23-30 January:1. How workplaces can affect employee health2. Court rules how to handle ill-health dismissals3. Ikea pays pension contributions as bonus4. BT and BBC top pensions league table5. BA switches DC pension investments6. Finmeccanica has low pensions opt-out post auto-enrolment7. Mixed ...
-
Article
PeopleValue helps employees fight the cost of motoring
This article has been supplied by our channel sponsor, PeopleValue.PeopleValue, a leading provider of motivation solutions serving companies in the UK, has delivered a unique voluntary benefit for fuel savings into the marketplace to help address the soaring costs of motoring.With more than 30 million drivers in the UK, the ...
-
Article
OTS publishes recommendations on benefits tax
The Office of Tax Simplification (OTS) has put forward recommendations on simplifying and streamlining the system for reporting and taxing employee benefits and expenses.The report, which builds on an interim report published last year that set out a series of nine quick wins, includes 20 proposals to simplify the process ...
-
Article
Young's Seafood staff take up voluntary benefits
EXCLUSIVE: Young’s Seafood has seen more than 1,000 employees regularly use its employee discounts scheme since its launch. The seafood supplier previously had a number of informal benefits arrangements in place, which it replaced with the launch of its comprehensive programme Your Benefits in August 2013.Through the new scheme, Young’s ...
-
Article
Last chance to win an iPad with flexible benefits research
This is your last chance to win an iPad mini in return for just 10 minutes of your time.Simply complete the Employee Benefits/Towers Watson Flexible Benefits survey and we will enter you into a prize draw for the chance to win an iPad mini. We will also send you a ...
-
ArticleEmployers tackle defined benefit pension deficits
Its Pensions risk survey found that the accounting deficit for FTSE 350 companies stood at £97 billion at 31 December 2013, compared to £72 billion at 31 December 2012.Employers are using a variety of methods to fund, de-risk and manage these pension deficits.Ali Teyyebi, head of DB risk in the ...
-
Article
Citigroup to part pay bonuses in cash
Banking group Citi is to pay a portion of bonuses awarded to employees for 2013 in cash after linking pay to performance.Bankers in the organisation’s Europe, Middle East and Africa units, who have been awarded bonuses of $5 million (£3 million) are in line to receive 40% of this in ...
-
Article
Mobile-based benefits communications on the rise
But the growing predominance of these types of working patterns means employers must be more creative how they communicate benefits to increasingly mobile workforces, for example using mobile-enabled technology and SMS text messaging.Alex Thurley-Ratcliff, innovation and business development at Shilling, said: “All the work we’re being asked to do is ...
-
Article
Get up to date on tax compliance at Employee Benefits Connect
To help attendees stay on the right side of the tax man, Lesley Fidler, associate director at Baker Tilly, will give an update on the latest tax issues around salary sacrifice arrangements.She will:recap why salary sacrifice provides tax and/or national insurance contribution (NIC) savingsexplain what is expected to happen to ...
-
Article
Mixed messages on 2014 pay landscape
However, the same report also found that just 7% of its 325 respondents intend to raise pay by more than RPI, while 39% intend to raise pay below RPI.The trend towards pay stagnation is also evident among very senior staff. Consultancy EY’s research Into the light: a look back on ...
-
Article
BT and BBC top pensions league table
BT and the BBC have topped a league table of the UK’s workplace pension schemes for responsible investment, according to research by charity ShareAction.BT and the BBC came joint top with a score of 35 out of a possible 40, followed by the universities’ superannuation scheme in third place.In contrast, ...
-
Article
26% of HMRC staff satisfied with their benefits
Just over a quarter (26%) of HM Revenue and Customs (HMRC) staff feel satisfied with their total benefits package.HMRC’s People Survey 2013, which surveyed more than 30,000 employees as part of the Civil Service People Survey, also found that only 25% feel their pay reflects their performance.In addition, 23% said ...