All articles by Jennifer Paterson – Page 18
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ArticleNeil McCawley finds value in mentoring
His career started at Barclays Bank, where he spent 21 years in various roles, starting in branch banking and ending up as an HR project manager working on reward- and non-reward-related projects.Outside benefits and reward, McCawley has been involved in the National Mentoring Consortium, which presented Wolseley UK with its ...
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Case StudiesThe benefits offered by Wolseley UK
PensionTrust-based DC pension scheme, available to all employees. Employees contribute between 1% and 9%, while Wolseley contributes between 2.5% and 12.5%.Flexible benefits fund default of 1% goes into the pension scheme.Defined benefit pension was closed to future accrual on 31 December 2013 .Healthcare and group riskEmployer-paid private medical insurance scheme ...
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ArticleThird of auto-enrolled employers would approach compliance differently
More than a third (35%) of respondents that have been through pensions auto-enrolment would have approached their preparations differently if they were to undertake the task again, according to research by law firm Irwin Mitchell.Its research, which surveyed 260 employers, found that 52% of those that have staged wished they ...
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ArticleWillis Group appoints CEO of human capital and benefits practice
Willis Group has appointed Raymond Brood chief executive officer (CEO) of its new human capital and benefits (HCB) practice in Western Europe.The appointment, which is effective from 1 May, is the first regional leadership role to be announced after the formation of the global HCB practice earlier in 2014.Brood joins ...
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ArticleBMW and Cafcass shortlisted for health benefits
BMW Group UK and Cafcass are among the employers that have been shortlisted for the award ‘Best healthcare and wellbeing benefits – large employer’ at the Employee Benefits Awards 2014.This award showcases employers that have put in place a strategy that helps promote health and wellbeing in the workplace, helps ...
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ArticleBonuses for FTSE 100 executives fall for third year
FTSE 100 executives have seen their bonuses fall for the third consecutive year and nearly a quarter have seen their base pay frozen, according to research by PricewaterhouseCoopers (PWC).Its analysis of 43 FTSE 100 companies with year ends from 30 September 2013 onwards, found that the median bonus payout for ...
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ArticleOne in five UK workers paid less than living wage
One in five jobs across the UK pays less than the living wage, according to analysis by the Trades Union Congress (TUC).Its report, which analysed official figures from the House of Commons Library, has been published to coincide with the 15th anniversary of the introduction of the minimum wage and ...
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ArticleMost talked-about news on the website
Fujitsu UK and Ireland rolled out a flexible retirement policy in April, which enables employees over the age of 55 to reduce their working hours in the two years before their chosen retirement date with only a partial reduction in pay.“This is really innovative and also an intelligent approach to ...
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ArticleFujitsu launches flexible retirement
EXCLUSIVE: Fujitsu UK and Ireland has launched a flexible retirement policy.The new policy enab;es employees over the age of 55 to reduce their working hours in the two years prior to their chosen retirement date with only a partial reduction in pay.Paula Evans, head of pensions and benefits, UK and ...
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AnalysisWho will be responsible for providing financial education?
The government announced that, from April 2015, it will guarantee free, impartial, face-to-face advice for all employees that retire in DC pension schemes.But there is much discussion in the industry about whether this responsibility will fall to employers, financial education and pension providers, or the government.Tim Perkins, a director at ...
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ArticleTrustees unaware of DB pension investment charges
Nearly a quarter (23%) of trustees of private sector defined benefit (DB) pension schemes could not identify what they were paying in investment charges, even though these represent the second largest expense for such schemes, according to research by The Pensions Regulator (TPR).Its Defined benefit scheme running costs research 2014, ...
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Article
Fujitsu launches leave policy for carers
EXCLUSIVE: Fujitsu UK and Ireland has introduced a policy that enables employees to take up to four weeks unpaid leave to manage their caring responsibilities.David Brackwell, head of wellbeing and inclusion, UK and Ireland at Fujitsu, said: “One thing that is becoming an increasing challenge for people is caring responsibilities. ...
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Article
EBECS launches salary sacrifice car scheme
EBECS has launched a salary sacrifice company car scheme.The information technology organisation launched the scheme to bolster its employee benefits package and enhance its reward strategy.The scheme was rolled out at EBECS’ three UK offices, where its provider, Pendragon Contracts, demonstrated its online driver information centre and quotation portals.The portals ...
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ArticleImproving staff health can contribute to business performance
There are clear business benefits to supporting employee health and wellbeing, according to a report by the Confederation of British Industry (CBI).Its report, Getting better: workplace health as a business issue, published with healthcare provider Medicash, outlines how improving employee health can contribute to better business performance through lower absence, ...
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ArticleGary Brewer: Should the government give employers tax breaks on group PMI?
In the current economic climate, any practical assistance is welcome and the government should be applauded for such an intervention if it helps provide respite for hard-pressed organisations.At William Grant and Sons, we already have a group private medical insurance (PMI) scheme in place extending across all employees and, in ...
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ArticleDavid Heaton: Should the government give employers tax breaks on group PMI?
The logic of the new tax-free spend of £500 on treatment recommended by the forthcoming Health and Work Service (HWS) is that it encourages employers to get sick employees back to work more quickly, so extending the relief to all employer-provided private medical insurance (PMI), up to a reasonable value, ...
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ArticleLucy Wright: Should the government give employers tax breaks on group PMI?
Many employers offer private medical insurance (PMI) in their employee benefits package, which is popular with staff. Traditionally, this has often been regarded as a benefit solely for the convenience of the employee and, as such, attracts tax.However, with the increasing importance of attendance management on operational performance and the ...
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Article
Rugby union shortlisted for best travel policy
Capital One and The Rugby Football Union are among the employers that have been shortlisted for the award ‘Best staff travel policy’ at the Employee Benefits Awards 2014.For this award, the judges were looking for a successful strategy that has made company cars and travel benefits effective in an organisation.The ...