All Article articles – Page 702
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Top 10 most read articles this week
Tribunal says employers could set retirement ageUK employees not saving enough for retirementGeoPost UK prepares for auto-enrolmentE.On and Oracle shortlisted for benefits communicationMotivation schemes can build long-term engagementHMRC targets minimum wage cheats in CorbyAxa PPP launches employee dental planCenter Parcs’ perks engage staff with key aimsComputershare acquires Morgan Stanley EMEA ...
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Freshfields and Merlin shortlisted for benefits team of the year
Freshfields Bruckhaus Deringer and Merlin Entertainments are among the employers shortlisted for ‘Benefits team of the year’ at the Employee Benefits Awards 2013.This category celebrates how an in-house benefits team worked together to deliver benefits that meet the HR and business strategies of their organisation.The full shortlist is: Freshfields Bruckhaus ...
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Pay in financial sector still incentivises bad behaviour
Almost two thirds of workers in the financial services sector believe some people in their organisation are rewarded in a way that incentivises inappropriate behaviour, according to research by the Chartered Institute of Personnel and Development (CIPD).The Employee outlook: Focus on rebuilding trust in the city survey, which questioned more ...
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Confessions of a benefits manager: Tackling fringe benefits
I don’t think Big Bad Boss knows what he is asking. He wants me to go and work with finance and get to the bottom of our fringe benefit numbers. Well, I have tried this before and I can tell you our accounting folk are about as helpful as that ...
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Heineken and ITV shortlisted for benefits communications
Heineken UK, ITV and Kimberly-Clark are among the employers shortlisted for the ‘Best benefits communications – small employer’ at the Employee Benefits Awards 2013.For this category, the judges looked at a range of entries, highlighting one-off benefits promotions or a whole benefits package.The full category shortlist is: Benefex - The ...
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Clifford Chance raises pay for trainees and associates
Clifford Chance has increased the salaries of its trainee and associate solicitors.The law firm’s Annual review 2012 showed that newly-qualified (NQ) base remuneration was raised to £63,500, up from £61,500. NQ employees can now reach an annual £76,200 with the maximum bonus.Associates with one year’s post-qualification experience (PQE) have seen ...
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Cycling to work could halve sick days
Cycling to work could halve the number of sick days taken by UK employees and provide a £13.7 billion annual boost to UK business, according to a report by Sustrans.The report has been launched in tandem with the charity’s Support Cycling to Work campaign.It calls on government to recognise the ...
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Employee Benefits Awards 2013: Best total reward statements
Winner: Virgin MediaScheme: Total Reward-It’s All YoursEntered by: Thomsons Online BenefitsThis award recognises an employer that has successfully integrated total reward statements into its benefits communications strategy.The judges liked the fact that Virgin Media involved employees in the design of its total reward statements. Staff featured in promotional videos explaining ...
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Employee Benefits Awards 2013: Best DC pension default investments
Winner: Finmeccanica UKScheme: Finmeccanica FuturePlannerEntered by: P-SolveThis award recognises an employer that makes a concerted effort to offer an appropriate, effective default investment strategy for a defined contribution (DC) pension plan.Finmeccanica’s default strategy, which is driven by the organisation’s determination for its DC scheme not to be considered a poor ...
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Employee Benefits Awards 2013: Best pensions change
Winner: FirstGroupScheme: The First UK Bus Pension SchemeThe judges were looking for a successful strategy that resulted in effective pensions provision for employees after a significant pensions change project.Restructuring its pension arrangements led to a £27 million saving for FirstGroup. Staff are now auto-enrolled into a defined contribution (DC) scheme ...
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Employee Benefits Awards 2013: Best work-life balance strategy
Winner: The Random House Group - Our HouseThis award recognises the steps taken by employers to help employees achieve a strong work-life balance, whether they are working parents, carers or employees who want to balance their work and personal lives better.The Random House Group takes a proactive approach to encouraging ...
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Employee Benefits Awards 2013: Best car and travel benefits
Winner: Axa UKScheme: Axa UK Car SchemeThe judges for this category were looking for a successful strategy that has made company cars and/or allowances effective as a benefit within an organisation.Axa UK’s car scheme incorporates three funding methods: an employee car ownership scheme, contract hire and a salary sacrifice arrangement. ...
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Employee Benefits Awards 2013: Best employee share schemes
Winner: Home Retail GroupScheme: Save As You Earn 2013This award recognises a successful strategy that has made HM Revenue and Customs-approved share schemes an effective benefit within an organisation.Home Retail Group’s employee share scheme strategy is simple but highly effective within the organisation. It is obvious the retail group clearly ...
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Equal pay consultation paper published
The Government Equalities Office (GEO) has published a consultation paper on the introduction of mandatory equal pay audits.The paper follows on from the 2011 Modern Workplaces: equal pay consultation.From 2014, under the Enterprise and Regulatory Reform Act, employment tribunals will be able to require employers who are found to have ...
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ArticleEmployers to focus on communicating health benefits
EXCLUSIVE: Over a quarter (28%) of respondents intend to put a greater focus on communicating their healthcare benefits to staff over the next 12 months, according to exclusive research by Employee Benefits.The Employee Benefits Healthcare research 2013, which surveyed 376 HR and benefits professionals, also found that 22% of respondents ...
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ArticleWhitehall saves £3.4 billion on pay and pensions
The government has saved £3.4 billion by reducing the size of the civil service and reforming civil service pensions, according to a report by the Cabinet Office.The Efficiency and reform 2013/13 summary report revealed that government workforce savings are up by £1.9 billion from £1.5 billion in 2011/12, to £3.4 ...
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Employers face cost of ill-health early retirement provision
Just over a third (35%) of respondents closing a defined benefit (DB) pension plan are considering the issue of how to manage ill-health early retirement provision, according to research by trade body Group Risk Development (Grid).The research, which surveyed 500 UK organisations, also found that almost one in five (19%) ...
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Computershare acquires Morgan Stanley EMEA shares business
Computershare has completed the acquisition of the Europe, Middle East and Africa (EMEA) portion of Morgan Stanley’s global employee share plan services business.The acquisition, which was first announced in February 2013, will transfer to Computershare the business’s recordkeeping, administration and trade executive services for corporate shares and option-based compensation plans ...
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E.On and Oracle shortlisted for benefits communication
E.On, Mondelez International and Oracle are among the employers shortlisted for ‘Best benefits communications – large employer’ at the Employee Benefits Awards 2013.For this category, judges looked for an effective and innovative approach to benefits communications, whether it was through face-to-face, print, social media or digital media.The full category shortlist ...
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ArticleUK employees not saving enough for retirement
The number of employees saving adequately for retirement has hit an all-time low, yet aspirations for pension income have risen, according to research by Scottish Widows.The annual Scottish Widows pensions report, which surveyed 5,200 Britons, revealed that less than half (45%) of those who could and should be preparing financially ...