All Article articles – Page 817
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Childcare costs take up a third of annual salaries
Childcare costs now take up a third (35%) of average annual salaries, according to research by Hay Group.The PayNet UK salary tracker, which analyses salary movements across five different employee levels in more than 700 organisations, found that clerical-level workers in England will spend on average £103.19 per week on ...
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Alphabet launches corporate car-sharing scheme
Alphabet has launched a corporate car-sharing scheme called AlphaCity.The scheme allows employers to set up an internal car club under their own parameters for staff, using cars leased from Alphabet.Employees who sign up to the scheme and receive a membership card and welcome pack. They can then self-book for cars ...
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HSBC guarantees part-time roles to all new parents
HSBC is to offer all employees a part-time role on a pro-rata salary at the same level as their original position following maternity or paternity leave.The bank will offer the option to returning parents in a bid to help employees balance the demands of family life with their career development.HSBC ...
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ICAP cuts costs with review of sickness absence strategy
EXCLUSIVE: Interdealer money broker ICAP has cut its total cost of absence by one-third and reduced its group income protection premiums over the past three years after a major review of its sickness absence strategy.Since the review, which began in 2009, the firm has reduced the number of days’ absence ...
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Budget 2012: Contracting out of defined contribution pension schemes
The government will amend pensions tax legislation in the Finance Bill 2013 to remove references to tax relief on employee contracted-out contributions to defined contribution pension schemes.This will align tax legislation with the Department of Work and Pensions (DWP) legislation, under which contracting out through a defined contribution (DC) pension ...
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Buyer's guide to multinational pooling 2012
Key factsWhat is multinational pooling?It is a global financing mechanism that allows multinational organisations to benefit from favourable claims experience on life and health insurance through the payment of dividends and achieving purchasing scale.Where can employers get more information?The International Employee Benefits AssociationWho are the main providers in the market?All ...
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Budget 2012: Changes to capital allowances for company cars
Chancellor George Osborne has announced changes affecting the capital allowances that can be claimed on company cars in the Budget report 2012.From April 2013, the carbon dioxide emissions threshold for the main rate of capital allowances for business cars will be reduced from 160g per km to 130g per km ...
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ArticleWhite paper — maintaining employee engagement in auto-enrolment
A successful workplace pension proposition should be built on the three pillars of auto-enrolment fuctionality, communications and investment strategy.To download the white paper, click on the link above right under Related Files.White paper supplied by Standard Life.
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Employee Benefits Connect 2012 conference slides
To view a presentation from Employee Benefits Connect 2012, which was held in London on 23 February, please click on the link next to the sessions below.Opening keynote address – Download PDF of slides What will keep employees engaged in tough times? Exclusive researchAdele Gritten, head of financial services & ...
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EXCLUSIVE: Ward Hadaway launches flexible benefits scheme
Law firm Ward Hadaway has introduced a flexible benefits scheme to boost employee engagement, provide new benefits, improve communication and get a better return on investment from its staff.The scheme, provided by Portus Online, went live on 1 January 2012. It is available to all of the firm’s 400 employees.New ...
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College of North West London holds staff health and wellbeing week
The College of North West London has hosted an inaugural staff health and wellbeing week to help inspire employees to lead more healthy lifestyles.A range of healthcare providers, including Bupa, The Co-operative and National Dental Plan, showcased a range of healthcare offerings during the week, which ran from 20 to ...
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Cost of police pensions rises nearly 80% in 15 years
The cost of police pensions has risen from less than £1 billion a year in 1995/6 to almost £2.5 billion a year in 2009/10, according to research by think tank Policy Exchange.According to the report, Police officer pensions: Affordability of current schemes, the figure represents a 79% increase in real ...
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FSA publishes proposals to change the way pension transfer values are calculated
The Financial Services Authority (FSA) has proposed measures to ensure that pension scheme members considering a pension transfer exercise are given a fair assessment of what they will receive in retirement.In its consultation paper, published 28 February, the FSA said it wanted to ensure that the assumptions advisers use for ...
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Pay freezes higher among EMEA-based organisations
The research, Clear direction in a complex world, surveyed 604 international organisations.It also found that only a third of organisations in EMEA create an integrated communication and change-management strategy, compared to half globally.Globally, two-thirds of organisations provide clear direction to employees when managing change, compared to only half in EMEA.Nicola ...
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JLT Benefit Solutions launches global benefits management website
JLT Benefit Solutions has launched the first phase of a global website for its benefits management system, BenPal.The site will tailor local content and language, and span Ireland, Brazil and Australia, in addition to the UK.Duncan Howorth, international chairman, employee benefits at JLT, said: “The relative importance of the core ...
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Now: Pensions launches pensions films to stimulate debate
Now: Pensions has launched a series of films aimed at tackling key areas of debate within the UK pensions industry.The films address a host of issues in the run-up to auto-enrolment, including lack of transparency, excessive charging, and the importance of clarity and simplicity.Morten Nilsson, chief executive of Now: Pensions, ...
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Right Management integrates wellness services
Right Management has integrated its employee assistance programme (EAP) with its wellness and productivity services under a single practice called Right Management Workplace Wellness.The new practice will subsume the previous trading name of Right Corecare, the provider of employee assistance programmes, work-life services training, consultancy and mediation services.Jayne Carrington, managing ...
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Employee Benefits Connect 2012 conference slides
To view a presentation fromEmployee Benefits Connect 2012, which was held in London on 23 February, please click on the link next to the sessions below.Opening keynote address – Download PDF of slides What will keep employees engaged in tough times? Exclusive researchAdele Gritten, head of financial services & media ...
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Less than half of employees in workplace pension in 2011
Last year, the proportion of employees who belonged to a workplace pension scheme was below half (48%) for the first time since 1997, according to the Office of National Statistics (ONS).The 2011 Annual survey of hours and earnings: summary of pension results also showed that 83% of public sector employees ...
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Axa PPP International introduces global health insurance service
Axa PPP International has introduced a health insurance service to support employees in 247 countries.MyGlobe provides employees access to information on Axa PPP International’s global network of 10,000 healthcare providers.It also identifies facilities where English is spoken and features practical information on local culture, travel and transport, details of embassies, ...