All Article articles – Page 644
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Terra Firma doubles staff pay pot to £35m
Terra Firma paid £35.4 million in wages to its staff in 2013, up from £17.1 million in 2012.The private equity investment firm’s Directors’ report and accounts for the year ended 31 March 2013 showed that the increase was directly related to an increase in activity and revenues for the period, ...
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ArticleShareholder returns in employee-owned companies rise 53%
Total return for shareholders in FTSE companies with employee share ownership rose by 53% in 2013, compared to 21% for companies in the FTSE All-share index, according to research by corporate finance firm Capital Strategies and the London Stock Exchange.The UK Employee ownership index analysed 69 FTSE companies where employees ...
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DOD’s blog: What will workplace wellbeing be like in 2018?
Now that all large and even medium-sized employers have launched pensions auto-enrolment, for better or for worse, attention is turning to wider HR and benefits topics again.The benefits area I am hearing spoken about most is that of employee health and wellbeing. Several benefits advisers and consultants have been promoting ...
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Executives 'boss-napped' over redundancy pay
Something for the weekend…With the economy in slow recovery, organisations are still struggling to meet some employees’ pay, bonus and reward expectations.But members of the French trade union Confederation Generale du Travail went to the extreme by ‘boss-napping’ two Goodyear executives for two days on 6 and 7 January.The union ...
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Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 2-9 January:1. BP and Microsoft access wellbeing scheme2. Average gender pay gap among HR professionals hits £8,844 3. How to motivate lower-paid staff in high-pay cultures4. Shared parental leave could create issues5. 2-3% pay rises most common among HR professionals6. Low-cost ...
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Employee Benefits Awards support mental wellbeing
For the second year, the Employee Benefits Awards will recognise an employer that is excelling in how it manages employee stress and mental wellbeing.The award for Best stress management strategy will recognise employers that have put measures in place to actively identify stress in the workplace or employees that are ...
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Reeves & Co to streamline pensions for auto-enrolment
Reeves and Co is to streamline its defined contribution (DC) pensions schemes to comply with pensions auto-enrolment.The accountancy firm will replace its two existing DC pensions with a group personal pension (GPP) following a consultation with a group of staff representatives.Following its auto-enrolment staging date on 1 February, eligible employees ...
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Confessions of a benefits manager: It's all Greek to me
I am not normally this jumpy, but last month we completed the annual cull process, and have ‘let go’ a number of departmental managers. Letting someone go is an interesting expression to use, when the poor sods clearly didn’t ask to go anywhere.Still, HR was asked to slash the payroll ...
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Global expansion drives expatriate benefits review
Lloyds Register, for example, is developing a centralised global mobility service across its international locations, which includes reviewing and benchmarking its HR services and benefits provision, such as its international private medical insurance and relocation package.Doug Rice, director of Jelf International, said: “A number of independent organisations provide benefits benchmarking ...
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Article2-3% pay rises most common among HR professionals
Pay rises in this percentage bracket were most common among the 238 respondents who received a pay rise in the last year. The Employee Benefits Salary survey 2014, which questioned 361 employees with responsibility for managing benefits and reward in UK organisations, also found that one in six (16%) received ...
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JP Morgan benchmarks perks with awards win
Adam Brooke, employee benefits manager (UK) at JP Morgan, explains what it means to win an Employee Benefits award.JP Morgan won ‘Best benefits communications, large employer’ at the Employee Benefits Awards 2013.1. What has winning an Employee Benefits’ award meant to you and to your team?It was so exciting and ...
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Chief executives earn workers' annual pay in two days
UK chief executives have already earned more money in 2014 than the average employee will in the whole year, according to research by the High Pay Centre.The independent think-tank’s calculations found that FTSE 100 bosses surpassed the UK average salary of £26,500 by mid-morning on 8 January, which it has ...
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Care UK launches online benefits portal
Care UK has launched an online benefits portal for its 22,000 employees.The portal, which was rolled out in December 2013, aims to ensure the health and social care provider’s benefits package is accessible to all staff, particularly nurses and care workers who do not have regular access to a computer ...
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A million UK staff donate to charity via payroll giving
More than a million employees donated to charity through a workplace payroll-giving scheme in 2012/13, according to revised figures by HM Revenue and Customs (HMRC).The figures have been revised due to a change in data collection and also in the data systems of some payroll-giving agencies.The figures show that donations ...
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First Autumn Statement changes take effect
The investment limits for share plans will increase from April 2014. The limits on sharesave schemes will double from £250 to £500 a month, while the maximum value of shares that an employee can acquire with tax advantages through share incentive plans will rise to £1,800 for partnership shares and ...
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Employers focus on winter wellbeing
James Dunningham, operations director at Health at Work, said: “This is a good time for employers to take advantage of new year’s resolutions, the general motivation that people feel in January when they step onto the scales, and special offers in the wider community, such as discounted gym memberships and ...
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ArticleAverage gender pay gap among HR professionals hits £8,844
The Employee Benefits Salary survey 2014, which questioned 361 employees with responsibility for managing benefits and reward in UK organisations, found that male respondents earn an average basic annual salary of £61,624, compared with female respondents’ average basic annual salary of £52,780. The job title with the most pronounced gender ...
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Hozelock appoints Aon Hewitt to DB pension
Hozelock has appointed Aon Hewitt to provide actuarial, investment and pensions management service to its defined benefit pension scheme.The organisation, which manufactures a range of gardening products, has a pension scheme with assets of around £50 million and around 750 members.Trevor Austin, chairman of the trustees of the Hozelock scheme, ...
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FTSE 350 pension deficit increased in 2013
The accounting deficit of defined benefit (DB) pension schemes for the UK largest 350 companies increased in 2013, according to research by Mercer.Its Pensions risk survey found that the FTSE 350 companies’ deficit stood at £97 billion at 31 December, compared to £72 billion at 31 December 2012.There was an ...
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Debi O’Donovan: 17% gender pay gap for benefits professionals
Read all the detailsI want to flag up two notable results. Firstly, the average basic salary has risen from £48,436 a year in 2009 (when we last ran this survey) to an average of £52,780 now. That is a 9% rise in four years.What is interesting is that the gender ...