All Article articles – Page 733
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Co-op Bank finalises new staff bonus scheme
The Co-operative Bank has completed the roll out of a new employee bonus scheme, which focuses on customer service rather than sales targets.The Customer Service Bonus scheme gives staff the opportunity to be awarded a quarterly bonus based on their customer service delivery. The sales-incentive targets have been completely removed.The ...
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Consultations launched on pension disclosure rules
The Department for Work and Pensions has launched a consultation, which proposes to harmonise, simplify and consolidate the regulations surrounding the disclosure of pension scheme information.The consultation, The occupational and personal pension schemes (disclosure of information) regulations 2013, outlines draft regulations and will be open until 14 April 2013.It is ...
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Spire Healthcare sees 40% benefits take-up
EXCLUSIVE: Spire Healthcare has seen a 40% take-up of its voluntary benefits scheme since it was launched in April 2012.The Your Benefits scheme, provided by Personal Group, was introduced after a 2011 employee engagement survey found that staff were unsure what core benefits were available to them.The scheme includes Spire ...
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Pay for financial sector executives expected to rise
Global financial services executives anticipate base salary increases of between 2.2% and 2.5% in 2013, according to research by consultancy Mercer.The Financial services executive compensation snapshot survey, published this week, analysed pay data for senior executives across 63 banks and insurance organisations operating in 21 countrie across Asia, Europe and ...
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Radiator water gives staff wings
Something for the weekend …Hapless Swedish airbase workers have been guzzling down the sweet, energizing nectar of radiator water for the past two years, The Local has reported.The gaff is down to a pipe being wrongly connected to a coffee machine.The thermal mishap was discovered when the base’s system was ...
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DOD’s blog: this week in benefits
The issue of workplace marketing of employee benefits is niggling in the back of my mind. Does anyone else feel uncomfortable with it?Somewhere between ‘it is good to push staff into a pension and deduct money from pay for it’ and ‘here are some benefits suppliers selling you their wares’ ...
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BAE Systems insures DB pension plan
BAE Systems has implemented a longevity insurance arrangement for its defined benefit (DB) pension scheme.The arrangement, with Legal and General, insures the BAE Systems 2000 Pension Plan against the financial risk of its 31,000 current pensioners living longer than expected, and covers £2.7 billion of liabilities.Legal and General will retain ...
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Physiotherapy union switches EAP provider
The Chartered Society of Physiotherapy (CSP) has switched the provider of its employee assistance programme (EAP).The physiotherapy union, which has 51,000 members, has appointed The Validium Group to provide the progragmme.Andrea Barber, head of human resources at CSP, said that the union wanted to have a support service in place ...
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Robert Half staff to raise money for charity
Robert Half is arranging a series of initiatives for its staff to help raise money for the British Heart Foundation after selecting the organisation as its charity of the year for 2013/14.The fundraising initiatives will include five-a-side football, quiz nights, fancy dress and client hospitality events. Employee interest groups have ...
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Sodexo extends gift voucher offering
Sodexo Motivation Solutions (SMS) has added Boux Avenue, Oasis and Restaurant Choice to its multi-store gift voucher offering.SMS’ SayShopping Pass can now be spent in more than 12,000 shops across the UK, as well as on entertainment, sport and holidays.The vouchers can be used by employers to reward, incentive and ...
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Pension deficits hit £621 billion
UK corporate pension deficits rocketed to £621 billion between December 2012 and January 2013, according to research by Xafinity Consulting.The employee benefit adviser’s Corporate pension deficits tracker showed that the new total is 58% higher than deficit totals in January 2012.The increase is attributed to a 0.5% increase in the ...
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UK workers not prepared for retirement
Employees will run out of savings just seven years into their retirement, according to research by HSBC.The future of retirement: a new reality report found that the average retirement in the UK is expected to last 19 years, however average retirement savings will be used up after a third of ...
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East Thames Group moves to new HR and payroll system
East Thames Group has implemented an online HR and payroll system for its 1,000 employees.The public sector housing organisation previously had separate HR and payroll systems in place. It was looking to move to an integrated web-based system to improve efficiencies in services and in cost.East Thames Group signed a ...
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Mitie staff to participate in charity bike ride
Mitie employees are participating in the London Revolution cycle challenge to raise money for its charity partner City Gateway.More than 350 staff are taking part in the event, which will see up to 2,500 cyclists ride 180 miles around London over two days.The charity helps young people in London by ...
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First Clarity trials health programme
IT consultancy First Clarity is among the employers trialling a new health and wellbeing programme with Focus Fitness UK.The Kickstart programme enables employers to offer staff a four-week programme of health and fitness activities in the workplace without committing to a long-term scheme.Nina Juss, chief executive officer at First Clarity, ...
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Pay increased at end of 2012
Salaries increased towards the end of 2012 and remained consistent, according to research by recruitment firm Office Angels.Its Quarterly salary update report found that most areas of the UK saw a small increase in salaries across almost all roles between the third and fourth financial quarters in 2012. The retail ...
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E.On to launch auto-enrolment system
E.On is set to launch an auto-enrolment management system to comply with its staging date of 1 April.The system, Enroller, provided by Benefex, will be available to all 12,000 UK employees, including 3,500 who are not currently pension scheme members.The utilities firm has offered a group personal pension (GPP) plan ...
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Enrich partners JargonFree on auto-enrolment
Benefits consultancy Enrich has partnered JargonFree to offers its auto-enrolment compliance software to its small and medium-sized employer (SMEs) clients.The product, which was launched in September 2012, will now be available through Enrich as a standalone system or it can be integrated into Enrich’s Benefits2go portal, which was launched in ...
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Glasgow Climbing Centre introduces bike rides
Glasgow Climbing Centre has introduced a weekly bike ride for all staff.The climbing centre, which employs eight full-time staff and 45 part-time staff, holds the bike ride every Wednesday afternoon.Rob Watts, centre manager at The Glasgow Climbing Centre, said: “By nature of what we do, the people I employ are ...
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Grass Roots Group CEO to step down
David Evans is to step down as chief executive officer and chairman at Grass Roots Group.Andy Lister, former managing director of Grass Roots UK, will return to the business as chief operating officer, while David Hackett, Nat Solomon and Richard King have been appointed as non-executive members of the board.Evans ...