All Article articles – Page 747
-
Article
Financial Services Bill gets Royal Assent
The Financial Services Bill received Royal Assent on 19 December.The bill, now an Act of Parliament, will be known as the Financial Services Act and will come into effect from 1 April 2013.It gives the Bank of England responsibility for protecting and enhancing financial stability. It also abolishes the Financial ...
-
Article
Peugeot Citroen to extend bonus scheme
EXCLUSIVE: The PSA Peugeot Citroen Group is to extend its performance-based bonus scheme to include employees in its parts and logistics warehouse.The programme will be introduced to these 200 employees from the end of December 2012.The car manufacturer previously offered the bonus scheme to all other employees within its 3,000-strong ...
-
Article
JCB staff to share £2.5 million bonus pot
JCB’s UK employees will share a Christmas bonus pot worth £2.5 million and will receive a 3% pay rise.Around 5,000 staff at factories in Derbyshire, Staffordshire and Wrexham will receive a £500 Christmas bonus.From 1 January 2013, all UK employees will also receive a pay increase linked to November’s Retail ...
-
Article
Women in female-dominated careers are better paid
In countries where men and women tend to work in different occupations, pay inequality between them is lower, according to research by Warwick Business School, the Univerity of Cambridge and Lakehead University in Canada.The study of 20 industrialised nations found that, when women work in careers that are not dominated ...
-
Article
JP Morgan to relaunch wellness plan
EXCLUSIVE: JP Morgan is to relaunch its New Year’s resolution-focused wellness programme in 2013.The programme, which was first launched in January 2012, will include a webinar on beating the winter blues, how to set achievable health and wellbeing goals, information on healthy eating, weight-management programmes, and discounted gym membership.Adam Brooke, ...
-
Article
Awards entry deadline extended
The entry deadline for the Employee Benefits Awards 2013 has been extended to Friday 11 January.The Employee Benefits Awards recognise employers that have made a significant difference to their organisations through the implementation of reward and benefits strategies.There are 23 categories in total, so there is sure to be something ...
-
Article
Top Right Group appoints new online payroll provider
Top Right Group has switched providers for its online payroll and HR system.The new system, which will be provided by Ceridian, will include online payslips and P11D reporting for 1,200 employees in the UK, and international payroll for 300 overseas employees.Ceridian will also provide the events, information services and business-to-business ...
-
Article
Doctors’ pay should be linked to performance
Consultant doctors’ pay should be capped nationally and locally, and linked to performance, according to an independent report by the Doctors and Dentists Review Board, which was commissioned by the government.The Doctors and Dentists Review Board report on consultant contracts and clinical excellence, published on 17 December, made recommendations around ...
-
Article
Employers benefit from health initiatives
Employers have seen an increase in staff productivity and motivation, and a reduction in sickness absence following the introduction of health-related benefits, according to research by Aviva.Its Health of the workplace 2012 report found that 89% of respondents reported increased staff productivity, increased motivation (88%), reduced sickness absence (83%) and ...
-
Article
Ladbrokes launches master trust pension
Ladbrokes has launched a master-trust pension scheme to comply with auto-enrolment.The scheme will be available to 14,000 eligible employees, who will be auto-enrolled from 1 March 2013.It will be provided by Legal and General Workplace Savings, and Pitmans Trustees has been appointed as independent trustee.Phil Rixon, pensions and benefits manager ...
-
Article
E.On staff strike over pay
E.On employees will stage a one-day strike on 17 December in a dispute over pay.Approximately 250 metering workers will take industrial action because they have had no consolidated pay increase for three years, and this year’s offer averages a 1% rise.Paresh Patel, regional officer at trade union Unite, said: “E.On’s ...
-
Article
Rexam appoints pension scheme actuary
Rexam Pension Plan has appointed Towers Watson as scheme actuary to its £1.8 billion defined benefit (DB) pension scheme.The global consumer packaging business and manufacturer of beverage cans’ scheme has around 23,000 members.Graham Parrott, chairman at Rexam Pension Trustees, said: “We are pleased to announce the appointment of Towers Watson ...
-
Article
Xerox launches total reward portal
EXCLUSIVE: Xerox has launched a total reward portal to provide employers with a straightforward way to provide up-to-date pay and benefits information to their employees.The portal integrates all benefits, including the pension schemes and share plans, into a single dashboard.It also includes personalised total reward statements, summary information of the ...
-
Article
DWP sets auto-enrolment earnings threshold
The Department for Work and Pensions (DWP) has set the earnings threshold for auto-enrolment at £9,440 for 2013/14.In its response to the consultation, Automatic enrolment earnings thresholds review and revision 2013/14, the government has also proposed setting the lower limit of the qualifying earnings band at £5,668 and the upper ...
-
Article
GE Healthcare staff take part in festive run
EXCLUSIVE: GE Healthcare employees have taken part in a festive-themed five-kilometre charity fun run as part of its HealthAhead programme.The programme, which aims to promote healthy living for all employees, focuses on issues such as nutrition, physical activity, smoking cessation and stress management.The 70 fun-run participants, dressed in costumes ranging ...
-
Article
Shopping for a great benefit
Something for the weekend…Employers are always looking for the best perks to offer to employees, but how many have considered given them the whole business as a benefit?Joe Lueken, owner of Lueken’s Village foods, a two-shop chain of supermarkets in Bemidji, Minnesota and an Econofoods in Wahpeton, Minnesota, is giving ...
-
Article
Merchant Navy enters into pension buy-in
The Merchant Navy Officers Pension Fund (MNOPF) has entered into a bulk annuity insurance policy for around £680 million of members’ benefits in its defined benefit (DB) pension scheme.The insurance policy covers around 40,000 members of the MNOPF’s old section, which closed in 1978.Rothesay Life is providing the insurance policy, ...
-
Article
A third of SMEs ready for auto-enrolment
One in three (38%) small and medium-sized (SME) respondents are ready for auto-enrolment ahead of their staging dates, according to research by Jelf Employee Benefits.Its Auto-enrolment tracker research showed a slight improvement from May 2012, when 31% of respondents were aware of their staging date and had started to prepare.Steve ...
-
Article
Cost is biggest auto-enrolment concern
EXCLUSIVE: Cost is the biggest concern for employers implementing auto-enrolment, however, 61% of respondents do not yet fully understand how much the process will cost their business, according to research by Vebnet.The research, which was carried out by Research Now, found that the second biggest concern is the administrative burden ...
-
Article
Sports trusts come together for auto-enrolment
Thirty-six member trusts of national body The Sports and Recreation Trust Association (Sporta) have banded together to establish an auto-enrolment scheme.The move will enable them to benefit from greater economies of scale resulting from the negotiations of a larger group.Sporta has more than 100 member trusts across the UK, made ...