All articles by Jennifer Paterson – Page 106
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Case Studies
ICAP conducts review of sickness absence
Interdealer money broker ICAP conducted a major review of its sickness absence strategy three years ago, involving an analysis of its absence data with Bluefin Corporate Consulting. The review led to the introduction of an occupational health scheme.The firm, which has 1,600 UK staff, aimed to target absence related to ...
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Analysis
Top tips for managing sickness absence
If you read nothing else, read this…Line managers should be trained in how to manage sickness absence.Employers should track absence data and have clear policies and procedures in place to deal with it.Non-medical absences should be included in absence policies.Case study: Intervention is on the money for ICAPInterdealer money broker ...
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Article
Ernst and Young shortlisted in Business in the Community Awards 2012
Ernst and Young has been shortlisted in two categories at the Business in the Community (BITC) Awards for Excellence 2012.The awards recognise the role that business plays in local communities by awarding organisations for the impact and innovation of their responsible business programmes across a number of categories.The professional services ...
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Article
NHS doctors to take industrial action over pension scheme changes
NHS doctors are to take industrial action over changes to their pension scheme.The decision came following the results of a ballot taken on 29 May by the British Medical Association (BMA) council. Overall, 50% of the 104,544 doctors eligible to vote took part. A majority of those polled said they ...
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Article
HMRC reminds employers about late penalties for annual tax return
HM Revenue and Customs (HMRC) has written to employers this week with a reminder about the late penalties for missing the 19 May deadline for their 2011-12 employer annual returns.Employers that missed the deadline will receive an increased penalty if they do not act by 19 June.Even if an employer ...
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Article
Short-term incentive payouts up in the UK
UK employers anticipate paying their executives short-term incentives (STIs) equivalent to 23% of base salary, an increase on the 22% paid out in 2011, according to research by Mercer.The research, Short-term incentives around the world, drew annual incentive information from 21,000 organisations in 62 countries with a total of 7.6 ...
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Article
London Underground settles Olympics’ pay dispute
London Underground (LU) has settled a pay dispute, which will see some staff receive up to £850 as a bonus payment during the London 2012 Olympic and Paralympic Games.The settlement, the unions the Associated Society of Locomotive Engineers and Firemen (Aslef), the National Union of Rail, Maritime and Transport Workers ...
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Article
National Union of Journalists to cut wages and restructure pension scheme
The National Union of Journalists (NUJ) is to cut staff costs by £400,000 through pay cuts and redundancies, as well as restructure its pension scheme, which is facing a deficit between £500,000 and £4 million.The plans were reported in a leaked document from the union’s National Executive Committee, which decided ...
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Article
High Court rules that BBC pension scheme cap is legal
The High Court has ruled that the BBC pension scheme reforms, which cap future pensionable salary increases at 1%, are legal.The judgement, Bradbury vs. BBC, dealt with an appeal to the decision of the pensions ombudsman in a case brought by John Bradbury, a member of the BBC Philharmonic Orchestra. ...
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Article
University of Warwick appoints Towers Watson to £120m pension fund
The University of Warwick has appointed Towers Watson as delegated chief investment officer (CIO) and actuary for its £120 million pension scheme.The appointment will lead to a combined approach to investment and actuarial services for the scheme.Chris Ford, head of investment for Europe, the Middle East and Africa (EMEA) at ...
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Article
BT sharesave scheme to pay out average of £8,000 to staff
BT employees are to receive an average payout of £8,000 as a three-year sharesave scheme matures.The organisation will also pay a £250 bonus to all UK employees to recognise the achievements of the business over the last three years.The sharesave scheme was launched in 2009 with shares available to BT’s ...
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Article
Asos.com management staff to split £66m in shares
Asos.com management staff are to split £66 million in shares, as part of a plan to incentivise and reward its management team.The online retailer’s chief executive and founder Nick Robertson will receive shares worth nearly £25 million, while three directors will receive £35 million, and three senior managers will receive ...
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Article
Enterprise and Regulatory Reform Bill outlines binding vote for shareholders
The Enterprise and Regulatory Reform Bill has been published, which includes giving shareholders binding votes on directors’ pay.Vince Cable, business secretary, presented the bill to Parliament.He said: “The measures in the Enterprise and Regulatory Reform Bill will help make Britain one of the most enterprise-friendly countries in the world.“It will ...
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Article
Thomsons Online Benefits to launch social gaming benefits campaign
Thomsons Online Benefits is to launch an online campaign called Benefits Games, which is designed to engage employees with benefits by using social gaming.It will provide an interactive way for key benefits messages to be communicated. For five days, starting on 28 May, the website will be available to share ...
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Article
InterContinental Hotels Group staff to receive pay rise as part of London living wage
InterContinental Hotels Group (IHG) employees will receive a five-year phased pay rise in support of the London living wage, currently set at £8.30 per hour by the Mayor of London.The group behind Holiday Inn and Intercontinental has committed to phased pay rises in each of its eight London hotels that ...
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Article
The Pensions Regulator sets out strategic focus for next three years
The Pensions Regulator (TPR) has set out its key areas of strategic focus for the next three years in its Corporate plan 2012-15.Over the period covered by the plan, TPR’s actions will include:Ensuring that employers are ready for auto-enrolment, tailoring its approach for businesses of different sizes;Continuing the progress made ...
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Article
Beecroft report on employment law published
The Beecroft Report on employment law has been published by the Department for Business Innovation and Skills (BIS).Business secretary Vince Cable said the report, which was written by venture capitalist Adrian Beecroft, has been published to dispel some of the myths that have been associated with it.He added: “Because of ...
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Article
Avanti Travel Insurance staff bungee jump for charity
Avanti Travel Insurance employees bungee jumped for local charity Parc Essex on 7 May.Staff at the travel insurance firm raised £500 for the charity, which creates outdoor adventure playgrounds and indoor resource centres for children with disabilities, by jumping from 100 feet up at The Orange near Braintree in Essex.Avanti ...
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Article
Less than half of respondents are saving enough for retirement
Only 46% of UK employees are saving enough for retirement, down five percentage points since 2011 and a fall of eight percentage points since 2009, according to research by Scottish Widows.The Scottish Widows Pension report 2012 surveyed 5,200 UK employees. It has been published annually since 2005.The report found that ...
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Article
Report on employment law to be published
A report on employment law, known as the Beecroft report, will be published this week.The report, written by venture capitalist Adrian Beecroft and commissioned by prime minister David Cameron’s former chief policy adviser Steve Hilton, is likely to include the following proposals: Delaying the pension reforms, which would force employers ...