All Article articles – Page 649
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Two million UK employees are auto-enrolled
More than two million UK employees have started saving into a workplace pension scheme as a result of auto-enrolment, according to research by The Pensions Regulator (TPR).Its Automatic-enrolment monthly registration report 2013, a rolling report with data starting from July 2012, found that 3,670 employers have confirmed to TPR that ...
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Confessions of a benefits manager: Focusing on employee communications
Actually, I thought focus groups had gone out of fashion, but Big Bad Boss wants me to organise one with my dear HR colleagues, which is rather like setting up a dog fight with a bunch of Rottweiler puppies. We have to discuss improvements to employee communications across all our ...
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Duncan Brown: Linking reward with engagement
The Chartered Institute of Personnel and Development’s (CIPD) latest Employee Outlook survey, published in autumn 2013, found just 36% of employees were positively engaged at work and one in four of them are looking for a new job. With 38% of them reporting that their employer still has a pay ...
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Pg.16 – Interactive – Most talked-about features via Twitter
In response to deputy editor Debbie Lovewell-Tuck’s December feature, How much do staff need to contribute for a comfortable retirement?, Phil Rixon, senior reward manager at Ladbrokes, tweeted:@PCRixon: “Retirement recipe by @DebbieLovewell in @EmployeeBenefit is a 2013 lightbulb moment for me: [defined contribution] pot = house value. Complex message made ...
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Roffey Park launches health workshops
EXCLUSIVE: Roffey Park Institute has launched a series of half-day wellbeing workshops for its employees.The first three events, which were rolled out in September and October, were attended by around 60 of the organisation’s 80 staff.Roffey Park Institute creates programmes on leadership, organisational development, HR and coaching, so it is ...
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ArticleGender pay gap increases to 10%
The gender pay gap has risen to 10%, up from 9.5% in 2012, according to research by the Office for National Statistics (ONS).Its Annual survey of hours and earnings, 2013 provisional results, found that, for the year ending 5 April 2013, full-time earnings for men stood at £566 per week, ...
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Firefighters in further pensions strike
Firefighters across England and Wales are set to strike on 13 and 14 December over the government’s reforms to their pension scheme.The proposed changes, which were set out in the Public Service Pensions Bill 2013, include a move to career-average pension schemes, instead of final salary schemes, and a set ...
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BGL Group launches on-site gym
BGL Group has launched an on-site gym to keep its 1,500 employees healthy.The facility is part of the Peterborough-based organisation’s MyWellbeing programme, which aims to promote awareness of health and wellbeing among employees.The heavily-subsidised gym has the latest equipment, and two instructors will be available to offer training plans and ...
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Advocate-General rules holiday pay should include commission
Holiday pay should be calculated to include commission, according to Advocate General Bot of the Court of Justice of the European Union (CJEU).The case, Lock v British Gas Trading Ltd and ors Case C – 539/12, concerns Lock, a sales consultant for British Gas, who receives commission on a monthly ...
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Pg 13 - Events - small box
Employee Benefits Connect will launch in New York, US on 25 March 2014. Register to attend at http://totallyexpat.com/new-york-eb-connect/
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DOD’s blog: The day I met Nelson Mandela
Today’s blog is going to be much longer than usual, and it is not on benefits.Instead it is a true story that happened to me in the mid-1990s but has lessons for all in senior roles in organisations.I am a born and bred South African and in the four years ...
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Who is the most over-paid actor?
Something for the weekend…UK employees are ranked the lowest paid across most job levels compared to other European countries, but they could feel even worse by looking at the return on investment on some Hollywood actors’ pay for a single film.According to Forbes’ 2013 List of the Most Overpaid Actors, ...
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Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 5-12 December:1. How the Autumn Statement will impact employee benefits2. Basic state pension to increase by £2.95 a week 3. HMRC wins income tax avoidance case4. Royal Mail reaches pay settlement 5. Travis Perkins staff to share £17m sharesave payout6. Danone ...
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Lloyds fined for failings in sales incentive plans
Lloyds Banking Group, which includes Lloyds TSB Bank, Bank of Scotland and Halifax, has been fined £28,038,800 by the Financial Conduct Authority (FCA) for serious failings in its control over sales incentive schemes.The incentive schemes rewarded the banks’ advisers through variable base salaries, individual and team bonuses, and one-off payments ...
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MPs' pay and pensions to be reformed
From 2015, MPs will receive pay linked to average earnings, as well as a pension scheme that is on a par with other parts of the public sector.The Independent Parliamentary Standards Authority (IPSA) published its decisions on reforming MPs’ pay and pensions following proposals previously announced in a consultation that ...
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Cancer Research UK appoints legal advisors to DB pension
Cancer Research UK has appointed Sackers as legal advisers to the trustees of its defined benefit pension scheme.The charity’s pension scheme is closed to new members.Graham Parrott, chair of trustees of the Cancer Research UK pension scheme, said: “Sackers impressed us with its understanding of our needs.”Ian Pittaway, senior partner ...
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Carillion Group agrees DB pension longevity swap
Support services organisation Carillion Group has entered into a longevity swap for five of its defined benefit (DB) pension schemes.The longevity swap, which covers around 9,000 pensioners and has a liability of around £1 billion, aims to hedge against the risk of rising costs as a result of the current ...
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Payroll should be responsible for pensions auto-enrolment
More than a third (39%) of respondents believe payroll departments should be primarily responsible for pensions auto-enrolment, according to research by Iris Software Group.Its research, which surveyed 100 small and medium-sized enterprises (SMEs), found that 13% of respondents felt the legislative changes should be the responsibility of payroll and HR, ...
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ArticleRelationship with colleagues most important for engagement
Employees’ relationship with their colleagues is 23% more connected to happiness at work than their relationship with their line manager, according to research by TinyPulse.Its 2013 Employee engagement survey, which analysed 40,000 responses from more than 300 organisations, found that 36% of respondents provide peer-to-peer recognition schemes.The research also found:Only ...
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London Underground drivers to receive £350 bonus
London Underground train drivers are to receive a £350 bonus payment for working on Boxing Day.Train operators have taken industrial action on Boxing Day for the past three years.Phil Hufton, chief operating officer of London Underground, said: “We have been in discussions with the relevant unions representing the train operators ...