All Article articles – Page 871
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XpertHR research: Pay in manufacturing sector on the rise
Employees in the manufacturing sector have seen a median pay increase of 3% compared to 1.5% of those in the service sector, according to research by XpertHR.The findings, based on 309 pay awards effective in the three months to the end of May 2011 and covering more than 3.7 million ...
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NAPF research: Young staff would save more if they knew what to expect from state pension
Half (47%) of those aged between 18 and 34 would save more for retirement if they knew how much state pension they would get.That number fell to 38% among those aged 35 to 44, and 33% for those 45 to 54, according to figures from a Populus survey for the ...
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Bluefin launches service to help trustees manage pension scheme risk
Bluefin, in collaboration with consultancy firm Redington,†has launched a product to give trustees an understanding of the risks of their pension scheme.The offering, designed for defined benefit (DB) schemes with assets up to £300 million, also offers a number of solutions and consultancy services to eliminate unrewarded risk.Eamonn O’Connor, head ...
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Aon Hewitt research: UK employers unprepared for auto-enrolment
UK employers are not ready for auto-enrolment as part of the 2012 pension reforms, with a significant proportion yet to start preparations, according to a poll of conference attendees by Aon Hewitt.The poll results found that over a third of the respondents' schemes had yet to undertake pension contribution cost ...
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Mercer launches diversified growth fund for workplace savings
Mercer has launched a diversified growth fund for its workplace savings offering.The fund, which will make up the core of the default offering, will give members access to asset classes and investment strategies not usually open to them.The fund is suitable for defined contribution (DC) schemes, in terms of liquidity ...
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Staff use internet to flirt at work
Employers that provide staff with access to social networking sites at workcould unknowingly be giving them the tools they need to flirt or start anaffair with a fellow colleague.While access to sites like Facebook and Twitter, might be consideredas a ‘fringe’ workplace perk, when their usage is combined with ever-longerworking ...
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Employee Benefits Summit 2011: Decent pay rises are back on the agenda
Just over a third (37%) of delegates at the Employee Benefits Summit 2011, are are now offering staff decent pay increases although these are not as high as pre-recession levels.A further 33% said they were only able to give some staff good pay increases, while the majority of the workforce ...
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Employee Benefit Summit 2011: Sick pay is a privilege, not a right
Sick pay is a privilege, not a right, according to Dr Sayeed Khan, board member of the Health and Safety Executive.Speaking at the Employee Benefits Summit 2011, Khan, who is also a special professor in occupational health at the University of Nottingham, explained employers should make it a clear policy ...
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Employee Benefits Summit 2011: Surgical procedures and waiting times top causes of long-term sickness absence
Musculo-skeletal disorders and stress are no longer the leading causes of long-term sickness absence.†Instead, absences due to medical appointments, medical investigation or surgery are the leading causes, according to Dr Sayeed Khan, special professor in occupational health at the University of Nottingham and board member of the Health and Safety ...
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Employee Benefits Summit 2011: Communications must be transparent to fully engage staff
Honesty and transparency are essential attributes for reward communications in order to engage employees, particularly at a time when pay increases may remain low.Speaking in a panel debate on the second day of the Employee Benefits Summit 2011, Craig Truter, reward manager at Centrica, said that the best reward messages ...
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Employee Benefits Summit 2011: Auto-enrolment made simpler for employers to administer
Auto-enrolling employees into occupational pensions will be easier for employers to administer following changes currently going through parliament. The changes were made to simplify the legislation which will be introduced as part of 2012’s pension reforms.Speaking on the 2012 pension reforms at the Employee Benefits Summit in Sintra, Portugal, David ...
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Employee Benefits Summit 2011: Mergers and acquisitions are an opportunity to streamline staff
Mergers and acquisitions are an opportunity for organisations to get rid of people they do not wish to hold on to.This is according to Andrew Stemp, director of European reward at Amazon, who discussed the importance of benefits and reward during mergers and acquisitions at the Employee Benefits Summit 2011 ...
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Employee Benefits Summit 2011: Staff should be educated on social media and reward
Employers should beware of doing anything on pay that you are not prepared to publish and be held accountable for, particularly in the new age of social media and online information sharing.†Speaking on the first day of the Employee Benefits Summit 2011 in Portugal, Helen Murlis, author of Reward Management ...
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Employee Benefits Summit 2011: Employers prepared for 2012 pension reforms
While the Pensions Bill awaits royal assent, many employers are underway with preparations for the reforms in 2012.Over half (57%) of the delegates at the Employee Benefits Summit 2011 have started initial preparations for the 2012 pension reforms, while 17% will start to prepare in the next six months.Large organisations ...
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MHS Homes Group introduces health screening for staff
MHS Homes Group has introduced health screenings for its 305 employees.The organisation, which manages 8,000 homes in the Medway area of Kent, will offer the employee-funded voluntary benefit bi-annually to staff. The health screenings will be provided by Screenetics.Almost a third (100) of staff signed up for a health screening ...
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CBI/Harvey Nash research: Pay freezes on the rise
The number of pay freezes has risen, according to research conducted by the Confederation of British Industry (CBI).Navigating Choppy Waters, the CBI/Harvey Nash Employment Trends Survey, which polled 335 UK employers, shows that pay freezes are up from 14% in October 2010 to 23%.In the private sector, the proportion of ...
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Government to soften the blow for female pensioners
Iain Duncan Smith, secretary of state for work and pensions, has agreed to soften the blow of plans to raise the female retirement age to 65 by 2018 and 66 by 2020.The proposal was debated by MPs yesterday during a discussion of the Pensions Bill in the House of Commons.Duncan ...
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Stonegate Pub Company introduces bonus scheme for assistant managers
Stonegate Pub Company has introduced a bonus scheme for assistant managers.The scheme will see assistant managers receive more than £300 a quarter if they help to deliver and exceed targets in the organisation’s pubs.New starters will be eligible for the bonus from day one.The hospitality firm, which was formed in ...
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Pension Insurance Corporation research: Pension fund trustees expect to increase required contributions
More than half (55%) of pension fund trustees expect to increase the contributions they require from their sponsor following the next valuation by more than 10%.The Future of Pension Funds 2011 by the Pension Insurance Corporation, which surveyed occupational pension fund trustees, also found that 11% are planning to increase ...
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Office Angels research: Personal assistants in London earn more than regional counterparts
Personal assistants (PA) and office managers in London are earning an average of £11,000 more a year than some of their regional counterparts, according to a survey by Office Angels and Mysalarychecker.com.The average salary of a London PA was £32,205 in May, while the average salary for a similar role ...