All Article articles – Page 864
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Cable and Wireless includes staff in charitable foundation
Cable and Wireless Worldwide is aiming to engage its 6,500 international employees and reinforce its corporate social responsibility profile with the launch of a charitable foundation.The Cable and Wireless Worldwide Foundation, which was launched in June, is aimed at enhancing the lives of those with special needs through communications, as ...
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PMI Health Group research: Employers unaware of legal obligations to staff using display screen equipment
Nearly a third of organisations are unaware of their legal obligations to staff using display screen equipment (DSE).The research, commissioned by PMI Health Group, found that 28% of employers did not know they were responsible for looking after the health of their staff that use DSE.Over half (53%) of respondents ...
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PricewaterhouseCoopers research: Employees admit to pulling sickies
Some 83% of UK employees admit to lying about illness in order to take time off work, according to research by PricewaterhouseCoopers (PWC).Its poll of 1,190 people found that four in ten fake symptoms in the office in preparation for a day off, while 61% skive off because they are ...
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MetLife Assurance research: Longevity risk important to defined benefit pension schemes
Employees living longer could have a detrimental effect on pension scheme liabilities, according to new research by MetLife Assurance.Longevity risk was selected as 'important' by 38% of respondents to the UK Pension Risk Behaviour Index, up from 28% in 2010.According to trustees, longevity risk was the fourth most important risk ...
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EEF & JAM Recruitment research: Manufacturing pay settles to pre-recession levels
Pay in the manufacturing sector has levelled out in the three months to the end of June, according to pay data by manufacturers' organisation EEF and JAM Recruitment.The July 2011 Pay Bulletin found that the average pay settlement for the period was 2.5%, the same as the revised figure for ...
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Remuneration Consultants Group launches review of code of conduct
The Remuneration Consultants Group (RCG) has launched a consultation for the first formal review of the code of conduct for executive remuneration consultants.Feedback and comments on fundamental principles and the functioning of the code are invited from a range of parties that include remuneration committees of all UK FTSE All ...
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Former bin man clears up rubbish for fun
A former bin man spends his free time travelling hundreds of miles to empty bins at waste tips for free, demonstrating that employee engagement can reach extreme levels.Steve Jones, who secured his first job as a dustman in 1987, has taken ‘rubbish’ holidays in places as far flung as Malta ...
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LCP research: FTSE 100 offer cash payments instead of pension contributions
FTSE 100 companies are adapting to the removal of pensions tax relief for high earners by offering cash payments instead of pension contributions, according to research conducted by Lane Clark and Peacock (LCP).The LCP FTSE 100 Executive Pensions Survey showed that there had been a £42,000 fall in the average ...
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Punter Southall research: Senior management will be less engaged with pensions due to tax changes
More than 40% of senior management staff will be less engaged with their pension schemes as a result of tax changes introduced on 6 April 2011, according to research by pension actuaries Punter Southall.The survey also shows that around 20% of respondents have already had experience of members wishing to ...
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Aviva UK Health research: Long-term absence has major impact on morale
Long-term absence has a major impact on both businesses and staff morale, according to research by Aviva UK Health.The Group Risk Review found that while 69% of employers said that long-term sickness absence is an important issue for their business, just under a quarter of employees (23%) are deterred by ...
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Sports Direct staff to receive bumper bonus from share scheme
Over 2,000 of Sports Direct’s employees are set to receive a huge windfall through the retail firm’s share scheme.The shares will be paid in 2012 and 2013 after Sport’s Direct confirmed its second-year share scheme targets were met with underlying profits of £200.4 million.This followed a first-year target of £160.4 ...
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Government releases figures on public sector pension scheme liabilities
The government has published figures that show public sector pension liabilities are predicted to increase from £770 billion to £1,133 billion in two years.The Treasury’s Whole of Government Accounts also stated that the net public service pensions liability depends critically on the discount rate used to convert the future flow ...
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BBC reduces senior managers' pay
The pay bill for senior staff at the BBC has gone down by £16.6 million in less than two years, according to figures from the broadcaster's annual report.The figure corresponds to a reduction of 21% as of 1 July.In addition, the number of senior managers has reduced by 106 over ...
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Sainsbury’s staff protest about pay
Checkout staff from Sainsbury’s branches across the UK who are members of the union Unite protested on 13 July outside the organisation’s annual general meeting in London.Many staff wore masks depicting Justin King, chief executive of Sainsbury’s, and t-shirts that read: “Justin – try something new today, pay a living ...
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Office of Tax Simplification to review employee share schemes
A review by the Office of Tax Simplification (OTS) will look at employee share schemes.The agreed terms of reference for the review are included in a letter published on 13 July by David Gauke, exchequer secretary for the OTS.The employee share schemes project will initially examine the four tax-advantaged or ...
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CIPD research: Pay squeezes reduce impact of economy on employment
The Chartered Institute of Personnel and Development (CIPD) has revised its forecast for UK economic and employment growth but expects pay cuts and freezes to moderate the impact.The downward revision is due in part to lower-than-expected unemployment in the first quarter of 2011, and also to the expectation that a ...
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Vielife research: Health and wellness issues absent from boardrooms
UK boardrooms lack strategic discussion about employee health and wellness, according to research by Vielife and London South Bank University.The Workplace Wellness Study, conducted among senior HR and finance people, found that only 41% of organisations discuss employee health and wellbeing at board level, despite 68% of respondents stating that ...
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Aegon to rebrand UK asset management business
Aegon is to rebrand its asset management activities in the United Kingdom to Kames Capital.Aegon Asset Management has three different strands: general account investments, unit-linked investments for insurance clients, and external third-party mandates.Sarah Russell, chief executive of Aegon Asset Management, said: “The decision to rebrand our UK business reflects our ...
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Now Health International launches online tool on international health plans
Now Health International has launched an online tool to help employers decide which international health insurance plan best suits them.Its online Help me decide function asks employers three questions about their needs and provides an option that suits their circumstances.Alison Massey, e-commerce and marketing director at Now Health International, said: ...
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EAPA launches guide on employee assistance programmes
The UK Employee Assistance Professionals Association (UK EAPA) has launched a buyer’s guide to help employers with questions about employee assistance programmes (EAPs).The resource includes information on the different types, formats and models of EAPs, as well as discussing account management, evaluation and return on investment.David Smith, chair of UK ...