All articles by Jennifer Paterson – Page 118
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67% of respondents say employers do not offer workplace health opportunities
Two-thirds (67%) of UK employees claim their employer does not offer any opportunities to get fit and healthy, according to research by the British Health Foundation.Its Health at work research, which surveyed 2,000 UK employees, also found that 35% of respondents said their employers do not care about their happiness ...
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Babcock Integrated Technology sees 40% take-up of bikes for work
Babcock Integrated Technology has had a 40% take-up of its bikes-for-work scheme.The success of the scheme was celebrated on 3 February with provider Cyclescheme and Dawn Primarolo, MP for Bristol South, joining 500 employees the organisation’s Bristol site.Gary Cooper, director of Cyclescheme, said: “The comments from Babcock with regard to ...
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22% of respondents will offer flexible working during Olympics
One-fifth (22%) of UK organisations are considering implementing flexible working procedures during the London 2012 Olympic and Paralympic Games, according to research by Cisco.The research, which surveyed 200 small and medium-sized enterprises (SMEs), found that nearly half of respondents have yet to make the necessary preparations for London 2012.The research ...
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Legal and General adds to group critical illness cover
Legal and General has added aplastic anaemia, bacterial meningitis, cardiomyopathy, encephalitis and liver failure cover to its group critical illness product.Additional changes to the product include: a reduction in the survival period from 30 to 14 days for most illnesses, and an increase in the maximum benefit to up to ...
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Rangers Football Club awaits ruling in employee benefits trust tribunal as it enters administration
Rangers Football Club has entered administration as it awaits the verdict in an HM Revenue and Customs (HMRC) tax tribunal, which concerns its use of an employee benefit trust (EBT).An EBT is a discretionary trust used for the benefit of employees. The Scottish football club used EBTs to pay players’ ...
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EXCLUSIVE: 3663 to open second enrolment window for bikes for work
Foodservice distributor 3663 is to open a second enrolment window for its bikes-for-work scheme on 1 March, in a bid to increase take up.The scheme, which was launched in October 2011 with an enrolment window in November, has seen a 2% take-up, with estimated employer national insurance (NI) savings of ...
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Auto-enrolment is biggest priority for 2012
Auto-enrolment was found to be the biggest priority for 2012, according to research by global human resources consultancy Aon Hewitt.The third edition of the Aon Hewitt Benefits and trends survey, which polled 185 organisations representing a total of 650,000 employees, found that a fifth of respondents said they either already ...
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London Borough of Hillingdon appoints pensions administrator
The London Borough of Hillingdon has appointed Capita Hartshead to provide a range of services to its local government pension scheme (LGPS).The appointment is part of the LGPS Administration Framework agreement, set up in October 2011 by the London Borough of Hammersmith and Fulham in conjunction with the London Borough ...
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Majority of respondents have not communicated auto-enrolment to staff
The majority (74%) of respondents have not started communicating to employees about auto-enrolment, according to research by the Chartered Institute of Payroll Professionals (CIPP).The survey, which polled 103 payroll, HR, accounting and finance professionals, also found that 61% of respondents have decided where the responsibility for auto-enrolment lies. For 42%, ...
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Third of employers to scale back benefits in 2012
Only a third (31%) of organisations are looking to scale back their current employee benefits offering in 2012, according to research by recruitment consultancy IntaPeople.The research, which surveyed 250 UK organisations, found that 93% of respondents believe that good employee benefits are crucial to maintaining productivity in the workplace.Over half ...
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Incahoot partners People Value to offer high street discounts
Incahoot has partnered with employee benefits provider People Value to extend its suite of offerings to shopping discounts on the high street.The collective buying website, which offers discount schemes on home broadband, energy bills, mobile phones and insurance, has launched Incahoot Plus. It will be available for employers to add ...
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Royal Mail Group awarded Guinness World Record title for payroll-giving scheme
The Royal Mail Group has been awarded the Guinness World Record title for most registered charities supported through a payroll-giving scheme.Approximately 42,000 employees give to charity directly through their payroll, with £45 million raised over the last 23 years for 975 charities. Over £2 million was raised in 2011 alone.Charities ...
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Credit Suisse cuts executive bonus payouts by 57%
Credit Suisse cut its bonus payouts for executive staff by 57% in 2011, compared to 2010.The Swiss bank’s Full-year and fourth quarter results 2011 also showed that group-wide total discretionary variable incentive awards were down 41% compared to 2010.The compensation and benefits across the organisation was SFr1,364 million in the ...
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Brother UK awarded the Pension Quality Mark
Technology firm Brother UK has been awarded the Pension Quality Mark (PQM) for its defined contribution (DC) pension scheme.The award, launched by the National Association of Pension Funds (NAPF) in 2009, recognises organisations that offer pensions schemes with good contribution rates, good quality governance, low charges, and clear and ongoing ...
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Permanent staff salaries rise marginally in January
Permanent staff salaries rose only marginally in January while hourly rates of pay for temporary or contract workers increased modestly following a slight decline in December, according to research by the Recruitment and Employment Confederation and KPMG.The Report on jobs research found that, where an increase in permanent salaries was ...
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Corporate Adviser Awards crown winners
Bluefin, Bupa, Jelf Employee Benefits and Thomsons Online Benefits were among the winners at the Corporate Adviser Awards 2012.Employee Benefits’ sister publication held its annual award ceremony on 8 February at the Grosvenor House Hotel in London.The winners were: Pension adviser of the year – Bluefin Best healthcare provider – ...
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Thomson Reuters staff accept pay offer and call off strikes
Thomson Reuters employees have called off a planned 48-hour strike after voting to accept an enhanced pay deal.The journalists, who are members of the National Union of Journalists (NUJ), have agreed to a 3% pay increase, which includes a minimum pay rise of 2.5% and an additional 0.5% available for ...
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Virgin Rail considering £500 Olympics bonus for staff
Virgin Rail is considering making a £500 flat-rate payment to each of its employees for additional pressures on services during the Olympic and Paralympic Games.Its offer has been made to the unions, including the National Union of Rail, Maritime and Transport Workers (RMT), but have not reached a conclusion.The pay ...
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IPSA to consult on raising MPs’ pension contributions and freezing pay
MPs will have to pay more into their pension schemes and will see their pay frozen for a year under recommendations by the Independent Parliamentary Standards Authority (IPSA).MPs will continue to earn £65,738 a year until 2013, and the IPSA will consult on a 1% increase in the years 2013/14 ...
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UBS to pay £207m in long-term bonus awards after cutting bonus pool in 2011
Swiss bank UBS is to pay £207 million (SFr300 million) in long-term bonus awards to retain senior employees in its investment banking division after cutting its bonus pool by 40% in 2011.The ‘special plan’ awards, which were disclosed in UBS’ Fourth quarter 2011 results, will be share-based and must be ...