All Article articles – Page 705
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Employers are submitting RTI despite confusion
A majority (84%) of employers are now submitting pay-as-you-earn (PAYE) in real time, but confusion still remains about the real-time information (RTI) reporting system, according to research by payroll provider Sage. The monthly Sage omnibus survey, which questioned more than 680 employers, also revealed that four out of five (81%) ...
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Bupa and AIG partner for travel insurance service
Bupa and AIG have formed a partnership to develop a range of products and services for the travel insurance market.The products and services, which will be rolled out over the next two years, will be available for all sizes of employers.The partnership also brings together Bupa’s travel insurance with AIG’s ...
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Could employee cooking lessons catch on?
A British cookware organisation is teaching its US employees how to make a Yorkshire pudding.ProCook, which has stores in Maine and New Hampshire, have created one-hour training courses so that their sales staff can tell customers the difference between the British favourite and the American popover (light hollow roll made ...
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DOD’s blog: Does generation Y really communicate differently?
I am always a little suspicious about analysing behaviours based on generations. I get that you are shaped by your world experience, but I do think that too many attributes are assigned to generations when they should be assigned to age.Generation Y is seen as lacking loyalty because they have ...
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Network Rail awards executive bonuses despite failings
Network Rail has awarded its five executive directors annual bonuses despite its remuneration committee reporting an unsatisfactory level of workforce safety, which has resulted in the committee using its discretionary powers to reduce the overall bonus award by 10%.The rail organisation’s remuneration committee felt that more could have been done ...
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Cost is main influence on healthcare perks
EXCLUSIVE: More than three-quarters (78%) of respondents said cost is the main influencer behind their decision to buy, or continue to offer, healthcare benefits, according to exclusive research by Employee Benefits.The Healthcare research 2013, which surveyed 376 HR and benefits professionals, found that only 7% calculate the return on investment ...
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ArticleJLT sees 9.3% average auto-enrolment opt out
EXCLUSIVE: JLT Employee Benefits has recorded a 9.3% auto-enroloment opt-out rate among its employer clients.The employee benefits adviser used BenPal, its benefits management platform, to help 50 large employers auto-enrol their employees.The organisation assessed 287,712 candidates, enrolled 11,162 employees and saw 1,037 employees opt out of their employer’s auto-enrolment pension ...
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Ladbrokes pension awarded PQM
Ladbrokes has been awarded a Pension Quality Mark (PQM) for its stakeholder defined contribution (DC) pension scheme.The benchmark, awarded by the National Association of Pension Funds (NAPF), is given to employers that provide good quality defined contribution (DC) pension schemes to their staff. It recognises DC schemes that have total ...
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Article
Unity Trust Bank launches share ownership plan
Unity Trust Bank has launched a share ownership plan for its employees.The plan involves the creation of an employee benefit trust that will acquire and distribute shares to staff.The bank has also provided a £50,000 gift to the trust to set up the scheme and acquire shares from its current ...
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Shadow pensions minister condemns 'flawed' pensions market
The shadow pensions minister has called the current workplace pensions market flawed.Labour’s Gregg McClymont, MP, (pictured), writing in the political blog Left Foot Forward, said that the pensions market does not operate like a normal market where the consumer exercises choice.He added: “It’s the employer, not the employee, that chooses ...
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All-employee recognition data most valued
Almost three-quarters (74%) of respondents said that ‘crowdsourcing’ recognition data provides the most accurate picture of employee performance, according to research by Globoforce.The Spring 2013 Society for Human Resource Management/Globoforce Employee recognition survey, which polled 800 HR professionals, defines ‘crowdsourcing’ as the collection of feedback from all employees within an ...
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Winners of the Employee Benefits Awards 2013 announced
The Employee Benefits Award winners 2013 were announced on 7 June during a summer party held at the Artillery Garden at the HAC, London.BMW (UK) won the prestigious Grand Prix award at the Employee Benefits Awards 2013. The Grand Prix is awarded to the most outstanding winner of an Employee ...
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Bibby and Mayer Brown shortlisted for flex plans
Bibby Financial Services and Mayer Brown are among the employers shortlisted for ‘Best flexible benefits plan – small employer’ at the Employee Benefits Awards 2013.For this category, the judges looked at which benefits were included and why, how the plan was administered and communicated, and how it complemented or drove ...
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Origen Investment Services to sell pensions admin businesses
Origen Investment Services is to sell its pensions administration businesses.Its specialist self-administered pensions service business is to be sold to consultancy Barnett Waddingham, while its self-invested personal pension (Sipp) business is to be transferred to Sipp provider and administrator Suffolk Life.Origen Investment Services made the decision to exit from the ...
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Standard Life appoints Barry O’Dwyer
Standard Life has appointed Barry O’Dwyer as managing director, workplace.O’Dwyer (pictured) will join from Prudential, where he is deputy chief executive, UK and Europe.Paul Matthews, chief executive officer, UK and Europe, at Standard Life, said: “[O’Dwyer] joins Standard Life to lead a core part of our business.“As a leading player ...
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Remuneration committees show restraint on directors' packages
Remuneration committees have shown restraint when setting executive directors’ packages this year, with widespread salary freezes and lower bonus payouts, according to research by Fit Remuneration Consultants.Its FTSE 100 executive remuneration survey sourced data from companies’ annual reports and included all FTSE 100 companies with a year-end up to, and ...
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Pensions report 2013
Click to to read digital version of Pensions Report 2013Or read articles online:Graeme Bold: Top tips to help employers prepare for auto-enrolmentThe pros and cons of using multiple pension plans for auto-enrolmentTop five considerations for at-retirement strategiesRichard Shelton: Codes of conduct on retirement planningSchlumberger educates expat staff about pensions valueVolkswagen ...
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Mitie Group staff take part in charity bike ride
Mitie Group employees have taken part in a 180-mile bike ride around London. The London Revolution, which brought together 2,000 cyclists along a route of London landmarks and Olympic venues, was sponsored by Mitie Group and its charity partner City Gateway, which aims to help unemployed young adults through training, ...
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Top line-up of speakers and workshops at Employee Benefits Summit on 25-27 June 2013
On the first day of the event, a panel of experts, including Deborah Hargreaves, director of the High Pay Centre, and Claire Morland, head of compensation at Man Group, debated the future of executive pay and bonuses.Later that day, Irene Stark, HR director at ATS Euromaster, discussed how engagement can ...
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ArticleHealthcare perks improve staff engagement
In the Healthcare research 2013, published this month, 51% of respondents said their healthcare benefits had improved employee engagement, compared with 33% that said the same in 2010, and 26% that said the same in 2009.This year’s respondents also feel their healthcare benefits are most successful in achieving the following: ...