All articles by Ian Silvera – Page 2
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Article
Mercer acquires benefits data provider in Africa
Mercer has acquired a compensation and benefits survey data and reward information provider.Global Remuneration Solutions (GRS), which is headquartered in South Africa, conducts compensation and benefits surveys in 36 countries across sub-Saharan Africa and provides reward and mobility products and consulting to local and international organisations operating in Africa.Gaurav D. ...
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Article
Sony agrees £4,400 pay settlement for intern
Sony Computing Entertainment has paid out £4,463 to a former intern after he claimed that he should be entitled to the national minimum wage for the work he had undertaken.Chris Jarvis, a video games art and design graduate, interned for Sony Computer Entertainment Group between 17 September and 7 December ...
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Article
TUC lodges agency workers pay complaint
The Trades Union Congress (TUC) has lodged a formal complaint with the European Commission (EC) against the UK government, alleging it has failed to implement the Temporary and Agency Workers Directive properly.Under the UK’s Agency Workers Regulations 2010 (AWR) legislation, agency employees are entitled to the same basic pay as ...
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Article
DB pension scheme deficits improve
The total deficit of UK private sector defined benefit (DB) pension schemes has fallen to £117 billion, according to research by JLT Employee Benefits (JLT EB).The organisation’s monthly index showing the funding position of all UK private sector DB pension schemes under the standard accounting measure (IAS19 / FRS17), found ...
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Article
L’Oréal to launch family support scheme
L’Oréal UK is to launch a family support package for all working parents in the UK on 11 September 2013.The scheme, provided by Parental Choice, is designed to help staff balance their family and working life. It includes:Advice on types of childcare.Tailored childcare searches from nurseries to nannies, maternity nurses ...
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Article
Withers launches financial education scheme
Exclusive: Withers has launched a monthly financial education scheme for its employees.The first With… your future in mind session was held on 5 September 2013, covering eligible employees’ Friends Life group personal pension (GPP) scheme.More than 100 of the law firm’s workers attended the session.The next presentation will cover the ...
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Article
Shares for rights scheme comes into force
The government’s Employee Shareholder Scheme came into force yesterday.The scheme, also known as shares for rights, was passed in Parliament after the government made several concessions to its original proposals.The legislation will enable staff to swap some of their employment rights, including unfair dismissal and redundancy rights, for shares in ...
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Article
FTSE 100 chiefs' pension pot hits £4.7m
The average pension pot for a FTSE 100 director increased by £400,000 last year to £4.73 million, according to research by the Trades Union Congress (TUC).The PensionsWatch 2013 survey, which examined the pension arrangements of 294 directors across FTSE 100 organisations, also revealed that:The average accrued pension is now £259,947 ...
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Article
Which? uses auto-enrolment to promote reward
Which? has used pensions auto-enrolment as an opportunity to promote its reward strategy to its 587 employees.The consumer organisation, which has been heavily involved in raising awareness of, and educating consumers about, the debate around auto-enrolment, wanted to be an early adopter and subsequently staged when this came into effect ...
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Article
Tindle staff to share £200,000 bonus pot
Tindle Newspapers is to pay a total of £200,000 in bonuses to its 700 employees.The amount each employee will receive will be based on the success of the regional newspaper group’s individual companies. Full-time employees will receive a minimum of £125 up to a maximum of £400 and the amount ...
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Article
Recognition valued by employees
More than a third (34%) of employees believe being thanked or recognised for their work is the most valuable workplace benefit, after a pay rise, according to research by Capita Employee Benefits.Its research, which surveyed 3,000 employees, found that recognition topped flexible hours (cited as most valuable by 22%) and ...
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Article
Sweat can help secure a pay rise
Something for the weekend…In need of a pay rise? Well, it’s time to get sweaty, according to researchers at the Massachusetts Institute of Technology.New research by academics Ashley D Brown and Jared R Curhan, published in the journal Psychological Science, found that signs of physiological arousal (such as sweating) isn’t ...
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Article
Recognition impacts key business results
Value-based recognition schemes can significantly impact key business results, according to research by Globoforce.The Globoforce Summer workforce mood tracker study, which surveyed 708 US-based employees between May 16 to June 3 2013, found that recognised employees are more satisfied with performance reviews and perceive an impact on a wide variety ...
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Article
Swallowfield appoints pension consultancy
Cosmetic manufacturer Swallowfield has appointed a pensions consultancy to provide actuarial, investment and pension administration services to its pension scheme.Punter Southall will provide these services to Swallowfield’s Aerosols International Limited Pension Plan (AILPP) scheme, which has 400 members.Paula Ambridge, chair of the AILPP trustees, said: “We were impressed with Punter ...
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Article
Finance directors see 4.7% salary rise
The salaries of finance directors in UK-listed organisations increased by an average 4.7% in the past year, according to research by Incomes Data Services (IDS).The IDS Executive compensation review, which surveyed the earnings of finance directors at 369 UK-listed organisations in the year to 31 March 2013, also found that ...
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Article
Stress causes ill-health in older staff
Older employees are most prone to experiencing health problems as a result of work-related stress and weight gain, according to research by Canada Life Group Insurance.Its research, which questioned 1,051 employee between June and July 2013, also found that:40% of respondents in their twenties cited their job as a cause ...
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Article
Retirement savers could be worse off with single-tier pension
The majority of people currently entitled to the state second pension will receive less when they retire as a result of the scheme being replaced by the new single-tier state pension, according to research by the Trades Union Congress (TUC).Its analysis modeled what the projected retirement incomes of people currently ...
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Article
Employee benefits tax recommendations may never be implemented
The Office of Tax Simplification (OTS) published an interim report last month as part of its review of the tax rules around employee benefits and expenses.The overall aim of the review, which was announced in January 2013, is to look at opportunities for simplification.The first stage of the review, which ...
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Analysis
Five top tips for getting the most from a group risk provider
If you read nothing else, read this …It is important to check out the insurance extras offered by group risk providers.Employers should question providers about the group risk market and what additional benefits may be available to them.Industry changes, such as pensions auto-enrolment, can present an opportunity to review a ...
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AnalysisTop tips for funding a company car fleet
If you read nothing else, read this…Funding a fleet is a complex task and it is worth employers seeking impartial expert advice.There is no best method for funding a fleet; it depends on the employer’s financial situation.Employers should look at funding holistically: how much will fuel and maintenance cost?The questions ...