All Article articles – Page 710
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Good work-life balance a driver for staff retention
Employee respondents in the UK believe their employers fail to support them in striking a balance between work and their personal life, according to research by global management consultancy Hay Group. The research, which was compiled using data from Hay Group’s global employee opinion database comprising more than 600,000 UK ...
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Less than half of employers have engagement strategy
The majority (79%) of respondents rate employee engagement as a high priority, but only 41% have an employee engagement strategy in place, according to research by YouForce.The research, which was conducted in March 2013, found that, of the 41% which do have an employee engagement strategy, 30% said it improves ...
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British Gas and Asda shortlisted for motivation
British Gas, McDonald’s Restaurants and Whitbread are among the employers that have been shortlisted for the award ‘Most motivational benefits’ at the Employee Benefits Awards 2013.For this category, the judges looked for a successful motivation strategy that uses incentives or reward to help drive employee performance, engagement or retention.The full ...
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Awareness of pension tax efficiency is on the rise
More people are aware of the tax efficiencies around pensions than a year ago, according to research by Standard Life.Its research, which surveyed more than 2,000 UK adults, found that more than a third (39%) respondents are aware that the government will automatically add £1 for every £4 they invest ...
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Milton Keynes managers are most rewarding in UK
Managers in Milton Keynes are themost rewarding in the UK, according to research by Jurys Inn Hotels and CrossCountry trains.The hotel group’s survey of 2,500 office workers found that managers in Milton Keynes are most likely to reward their team’s successes, with 97% of bosses choosing to reward their teams ...
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Cisco appoints Spencer Roach
Roach’s previous roles include international compensation and benefits manager at Nuance Communications; compensation and benefits manager, EMEA, and pensions delivery manager at Honeywell; pensions and benefits consultant at Aon Consulting (now Aon Hewitt); and risk and benefits administrator at Mercer.Roach was named as one of the Hot 100 Benefits Managers ...
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BP promotes Susan Hughes
Hughes previously held the role of associate director, UK pension and benefits at BP.With more than 20 years working in the pensions industry, she has also been pensions manager at Independent Television News and senior pensions officer at Abbey National Pension Fund.Hughes was named one of the Hot 100 Benefits ...
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Canal and River Trust appoints George Serls
Previously, he was a reward specialist at Sanctuary Group.His other past roles include senior HR officer, pay and reward at North East Lincolnshire Council and pay and benefits manager at Cattles.
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Sony Europe appoints Roy Douglas
He was previously pensions and benefits specialist for Europe, the Middle East and Africa (EMEA) at State Street Bank and Trust Company.He has also held pensions analyst roles at Citi Global Markets and Jardine Lloyd Thompson.
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Retail group records £31m DB pension net gain
Home Retail Group’s defined benefit (DB) pension scheme has recorded a net exceptional gain of £31.3 million since it was closed to future accrual from 31 January 2013.This includes a non-cash curtailment gain of £37.4 million, arising from the one-off reduction in the scheme’s liabilities because members ware no longer ...
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Honda North America's new reward plan
Honda North America is redefining its total reward and employee value proposition as a result of being given autonomy from its Japanese head office on 1 April 2013.Its reward strategy will transform from being a one-size-fits-all package, with performance uniformity and lifetime employment, to one targeted at flexibility and performance ...
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Holiday Extras and Roche UK shortlisted for engaging benefits
Holiday Extras and Roche UK are among the employers that have been shortlisted for the award ‘Most engaging benefits package’ at the Employee Benefits Awards 2013.This award focuses on how an employer used benefits within its wider strategy to engage employees with the organisation. The winner will have demonstrated how ...
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One million PAYE schemes move to RTI reporting
More than one million pay-as-you-earn (PAYE) schemes have started to use real-time information (RTI) reporting, according to the HM Revenue and Customs (HMRC).The legislation, which came in to effect from 6 April 2013, means that employers report PAYE in real time from their first pay day on, or after, that ...
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DOD’s blog: view from the United States of America
This week, I spent a couple of fascinating days at the WorldatWork Total Rewards 2013 conference in Philadelphia, USA. My key goal was to find out the big trends emerging this side of the pond.The obvious, all-consuming topic, is that of the Affordable Care Act (ACA) that comes into effect ...
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Ink up for a pay rise
Something for the weekend…A US-based real estate agency is bucking trends when it comes to pay and reward, with an intriguing loyalty-based reward scheme.Rapid Reality, which employs 1,100 staff across 62 locations in the United States, is offering employees a 15% pay rise in return for them getting a tattoo ...
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PepsiCo designs reward toolkit for staff in emerging markets
Global beverages company PepsiCo has designed a toolkit to drive its retention of talent in emerging markets, which includes reward packages that are tailored to each country and are different to those of its competitors.The toolkit has already been piloted in one Asia Pacific country and saw a 2% drop ...
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Eight factors that make a top reward practitioner
Nine out of ten reward practitioners would recommend a career in reward, according to WorkatWork, the US-based total rewards association.Speaking at the opening session of its conference Total Rewards 2013 in Phildelphia, USA, WorldatWork’s president and chief executive officer Anne Ruddy, said: “[Reward] has a tremendous impact on employers and ...
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Increased workload top auto-enrolment concern
Two-thirds of respondents are concerned that pensions auto-enrolment will increase workloads for their HR and payroll departments, according to research by recruitment firm Hays.The research surveyed more than 400 employers which attended a series of seminars held by Hays in partnership with Barclays Corporate and Employer Solutions, and the National ...
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Ashurst and Trolex shortlisted for reward strategy
Ashurst and Trolex are among the employers that have been shortlisted for the award ‘Best reward strategy aligned to business strategy’ at the Employee Benefits Awards 2013.For this award, the judges were looking for an entrant that successfully integrated its reward offerings into a single total reward strategy and demonstrated ...
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Changes to Companies Act promote employee ownership
The government’s changes to the Companies Act 2006, which aim to promote employee ownership, come into effect on 30 April, following approval from both the House of Commons and the House of Lords.In relation to authorising share buy backs, these amendments will:Allow off-market share buy backs to be authorised by ...