All articles by Jennifer Paterson – Page 179
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More than half of European staff think they will have to delay retirement
More than half (55%) of Europeans believe they will have to delay their retirement because of the current economic climate.According to Aon Consulting's European Employee Benefits Benchmark, which surveyed more than 7,500 workers from across Belgium, Denmark, France, Germany, Ireland, The Netherlands, Norway, Spain, Switzerland and the UK, the majority ...
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Majority of employers do not have a communication policy for DC pensions
More than 60% of organisations do not have a communication policy in place for their defined contribution (DC) pension schemes.According to Mercer’s latest DC survey, which analyses the DC pension provision of 354 UK organisations, more than two-thirds (68%) of survey participants rated limited member understanding as one of the ...
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Employee Benefits Summit: 21% of organisations intend to increase pay by 2.5% to 2.99%
One-fifth of delegates at this year's Employee Benefits Summit intend to implement pay rises between 2.5% and 2.99% in in 2010.Some 21% of delegates said they intended to do so in an interactive vote during last week's summit in Monte Carlo, which brought together 50 reward and human resource managers ...
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Just 6% of public sector staff would link performance with pay
Just 6% of public sector employees see the performance of their organisation as an appropriate factor in determining their pay, compared to a third (35%) of private sector employees.These figures are among the findings of a new report Coping with Less: Pay and pensions in the public sector by the ...
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Retirement income for DC pension investors decreases
The projected annual retirement income of typical defined contribution (DC) pension investors has decreased since 1 May, according to research from Aon Consulting.The Aon DC Index follows the projected retirement income of individuals at different ages who contribute 10% of a £25,000 salary to a DC arrangement and have an ...
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Workplace Options introduces information tool for carers
Workplace Options has launched an information pack designed to provide practical assistance to carers.In conjunction with Carers Week, which runs from 14-20 June 2010, the carers' pack will be issued to Workplace Options' employee assistance programme (EAP) customers.The pack contains free, practical information on issues such as: balancing work and ...
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BBC proposes pay rise for 70% of staff
The BBC has offered staff earning less than £37,726 a year an annual pay rise of £475.Discussions have started with the unions regarding the pay proposal, which will benefit almost 70% of BBC staff.The offer is equal to a 1% increase in base pay. The previously-announced pay freezes and suspension ...
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Men’s Confidential launches corporate online healthcare programme
Men’s Confidential has launched a new website that aims to improve the fitness and health of employees.The website can be customised and branded for any organisation, allowing employees to use interactive, progressive fitness programmes, as well as access tips and information about weight loss and healthy eating.Jackie Nixon, managing director ...
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FSA staff awarded £22m in bonuses
The Financial Services Authority (FSA) paid its employees a total of £21,998,813 in annual incentive awards for 2009/2010, an increase of 12% on last year’s figures and 14% of its total salary bill.The FSA’s annual report also showed there was no standard pay rise awarded to FSA staff during 2009/2010 ...
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Majority of employers set to axe defined benefit pensions
The majority (94%) of employers intend to reduce or close their defined benefit (DB) pension schemes, according to research from PricewaterhouseCooper (PWC).The survey of 179 employers revealed just 6% of organisations expect to retain DB pension schemes in their current form.The number of organisations that have shut DB schemes to ...
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Mercer launches reward management platform
Mercer has launched a reward and talent management consulting and technology platform called Human Capital Connect.The platform, which will be powered by Peopleclick Authoria, enables employers to connect their reward and talent strategies, programmes and processes with a technology platform to achieve a human capital solution.The offering also includes analyses ...
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BHSF cancer cover available as a flexible benefit
BHSF has expanded its Plan4Life cancer cover so that organisations can include it in their flexible benefits packages.The Plan4Life cover, which includes a lump sum cash payment in the event that an employee is diagnosed with cancer, is offered in three levels of cover.Brian Hall, sales and marketing director at ...
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UK organisations need World Cup strategy
As the England squad prepares its strategy for World Cup dominance, UK employers are being advised to make sure their own World Cup strategies are in place in time for today’s kick off.A DLA Piper survey showed that 68% of respondents have offered no guidance to staff on acceptable workplace ...
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Sodexo offers flexible working to combat absence levels during the World Cup
Sodexo Motivation Solutions is taking a number of measures to prevent increased absence levels associated with the World Cup.According to the World Cup Fever survey conducted by the Institute of Payroll Professionals (IPP), one in six (16%) UK employees are planning to take holiday between 11 June and 11 July ...
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Majority of creative sector employers offer benefits above basic salary
Almost all (98%) employers in the creative sector offer benefits to employees over and above basic salary and holiday entitlement compared to 90% in 2009.The figures, from the Kingston Smith W1 Employee Benefits Survey, also indicate that the majority of respondents intend to increase the level of benefits they provide ...
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Skype to roll out new HR platform
Skype is to roll out a new self-service HR platform for its 800-plus UK employees on 1 September.Since Skype split from eBay in November 2009, it has been actively looking to replace its finance and HR systems.Its new Workday system, which is hosted from the United States, provides HR software, ...
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Britax Childcare appoints Heath Lambert to administer final salary pensions
Britax Childcare Group has appointed Heath Lambert Consulting to administer two more of its final salary schemes.The global child car seat and pushchair specialist has had one scheme administered by Heath Lambert Consulting for the past year.Stephanie Barter, chair of trustees at Britax Childcare Group, said: “We have worked with ...
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Accor Services, Capital Incentives and Motivano merge
Accor Services, Capital Incentives and Motivano are coming together as a single organisation called Edenred from 1 July 2010.Accor Services, which acquired Capital Incentives in 2004 and a majority share in Motivano in 2007, is de-merging from the Accor Hotels hospitality group.Edenred will have a presence in 40 countries, serving ...
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B&CE Benefit Schemes adds to healthcare offering
B&CE Benefit Schemes has teamed up with Westfield Health to add cognitive behavioural therapy and related services to its employee healthcare plan.The B&CE Employee Healthcare Plan is tailored to staff members from organisations in the construction sector as well as their dependants.The plan covers employees’ everyday healthcare costs and includes ...
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Employee sickness absence levels fall
Employees took 180 million sick days last year, averaging 6.4 days each, according to the Confederation of British Industry (CBI)/Pfizer Absence and Workplace Health Survey.The rate of absence is the lowest since the survey began in 1987.The research, which surveyed senior HR staff from 241 public and private sector organisations, ...