All Article articles – Page 680
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L&G adds stress toolkit to income protection product
Legal and General has enhanced its group income protection product to help reduce the impact of staff absence.It has added a new interactive stress toolkit for line managers, called Prehab Services.The product, which has been developed with charity Rethink Mental Illness, includes:A stress management challenge, which allows line managers to ...
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RSA adds green cars to flex scheme
RSA Insurance Group has introduced a green car benefit and anytime election windows to its flexible benefits scheme.Addressing delegates at EB Live on 25 September at London’s Olympia, Ed Airey, UK reward manager at RSA, explained that employees’ involvement in the benefits scheme was key to the organisation. Therefore, its ...
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81% say childcare costs prevent them returning to work
Almost three-quarters (73%) of respondents want to return to work after taking maternity or paternity leave, according to research by Findababysitter.com.The online childcare search site’s research also found that 81% of respondents said childcare costs are stopping them from returning to work.In tandem with its research, Findababysitter.com has launched a ...
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ArticleRetirement unlikely for 12% of global workers
Nearly one in eight (12%) of respondents think they will never be able to afford to retire fully, according to research by HSBC.The future of retirement report, which surveyed 16,000 people in 15 countries, found that this figure is higher in some countries.In the UK, 19% of respondents expected they ...
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12.2m facing inadequate retirement income
An estimated 12.2 million people are facing inadequate retirement incomes, according to a report by the Department for Work and Pensions (DWP).Its Framework for the analysis of future pension incomes, which was published on 11 September, found that, with government reforms, such as auto-enrolment, a new state pension and increases ...
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FTSE 100 chiefs' pension pot hits £4.7m
The average pension pot for a FTSE 100 director increased by £400,000 last year to £4.73 million, according to research by the Trades Union Congress (TUC).The PensionsWatch 2013 survey, which examined the pension arrangements of 294 directors across FTSE 100 organisations, also revealed that:The average accrued pension is now £259,947 ...
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150,000 Royal Mail staff receive shares offer
Approximately 150,000 Royal Mail Group employees will be eligible for free shares in the organisation through a share incentive plan (Sip).Each of the organisation’s full-time eligible employees will be given the same number of shares, with part-time employees given shares on a pro-rata basis based on their paid hours in ...
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Which? uses auto-enrolment to promote reward
Which? has used pensions auto-enrolment as an opportunity to promote its reward strategy to its 587 employees.The consumer organisation, which has been heavily involved in raising awareness of, and educating consumers about, the debate around auto-enrolment, wanted to be an early adopter and subsequently staged when this came into effect ...
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Tindle staff to share £200,000 bonus pot
Tindle Newspapers is to pay a total of £200,000 in bonuses to its 700 employees.The amount each employee will receive will be based on the success of the regional newspaper group’s individual companies. Full-time employees will receive a minimum of £125 up to a maximum of £400 and the amount ...
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Recognition valued by employees
More than a third (34%) of employees believe being thanked or recognised for their work is the most valuable workplace benefit, after a pay rise, according to research by Capita Employee Benefits.Its research, which surveyed 3,000 employees, found that recognition topped flexible hours (cited as most valuable by 22%) and ...
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Charles Cotton: Should zero-hour contracts include a minimum benefits provision?
With a zero-hour contract, certain minimum employee benefits can already apply. For instance, some contracts are undoubtedly employment contracts and will attract the full protection of employment regulation, including holidays. But in other cases, those on zero-hour contracts will only be casual workers, who have some statutory protections but not ...
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Sweat can help secure a pay rise
Something for the weekend…In need of a pay rise? Well, it’s time to get sweaty, according to researchers at the Massachusetts Institute of Technology.New research by academics Ashley D Brown and Jared R Curhan, published in the journal Psychological Science, found that signs of physiological arousal (such as sweating) isn’t ...
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Top ten most read stories this week
Hill Dickinson launches salary sacrifice car schemeHow employers can link benefits strategy to employees’ needs85% saw pension costs rise post auto-enrolmentGroupon offers staff rewarding benefits dealStress causes ill-health in older staffEmployers focus on aligning global benefitsStandard Life and Barnett Waddingham partner on auto-enrolmentRetirement savers could be worse off with single-tier ...
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ArticleWhich pensions employers are using to comply with auto-enrolment
The Employee Benefits/Capita Pensions research 2013, published on 29 July, found that 63% of respondents that still need to auto-enrol staff will use a group personal pension (GPP) plan as their primary scheme for auto-enrolment, while 33% of those that had auto-enrolled their workforce are using a GPP.L’Oreal, which postponed ...
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Hewlett-Packard moves MacMillan to Dubai
Hewlett-Packard has appointed Lorna MacMillan total rewards manager, Middle East, Mediterranean and Africa.From 29 August, she will be based in Dubai.MacMillan has been at Hewlett-Packard since 2004 in a range of roles, including UK and Ireland total rewards manager; Europe, Middle East and Africa (EMEA) compensation manager and EMEA benefits ...
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Shire promotes Jane Fenwick to global role
Shire Pharmaceuticals has promoted Jane Fenwick to interim head of global benefits.She previously held the role of associate director, total rewards at the pharmaceutical organisation.Before that, Fenwick’s roles included international reward manager at Marks and Spencer, reward manager for Europe, Asia and the US at Cable and Wireless, compensation consultant ...
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Recognition impacts key business results
Value-based recognition schemes can significantly impact key business results, according to research by Globoforce.The Globoforce Summer workforce mood tracker study, which surveyed 708 US-based employees between May 16 to June 3 2013, found that recognised employees are more satisfied with performance reviews and perceive an impact on a wide variety ...
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ArticleAuto-enrolled employers contribute less
Respondents to Employee Benefits/Capita Pensions Research 2013 that have auto-enrolled staff into a workplace pension are more likely to pay in a 1% employer contribution than those still to go through auto-enrolment.According to the research, conducted among 370 HR and benefits managers, 21% of those that have auto-enrolled staff are ...
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UK reference agency launches PeopleValue Advantage scheme
This article has been supplied by our channel sponsor, PeopleValue.About HomeLetHomeLet is the UK’s largest supplier of referencing to the lettings industry. There are circa 12,000 letting agents in the UK and HomeLet has more than 25 per cent of their market. They support a growing network of more than ...
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Tata Steel selects PeopleValue Advantage voluntary benefit
This article has been supplied by our channel sponsor, PeopleValue.Company backgroundTata Steel Europe (formerly Corus) has main steelmaking operations primarily in the UK and the Netherlands. The company supplies steel and related services to the construction, automotive, packaging, mechanical engineering and other demanding markets worldwide.It is a subsidiary of Tata ...