All articles by Jennifer Paterson – Page 25
-
ArticleBanks change pay structures to avoid EU bonus cap
One-fifth (19%) of European bankers surveyed have been awarded ‘role-based’ allowances up to 12 February 2014, as the EU bankers’ bonus cap came into effect, according to research by salary data specialist Emolument.com.Its research, which examined data from 190 banking employees at director and managing director level in Europe, found ...
-
Article
HMRC to stagger real-time information penalties
HM Revenue and Customs (HMRC) has announced it will stagger the introduction of real-time information (RTI) penalties.Its new automatic in-year Pay-As-You-Earn (PAYE) penalties for late filing and late payment and in-year interest, which is charged on tax and national insurance contributions that are paid late during the year, were due ...
-
ArticleLloyds Banking Group reduces bonus pool
Lloyds Banking Group has reduced its bonus pool, as a percentage of pre-bonus underlying profit before tax, from 12% in 2012 to 6% in 2013.Its 2013 Full-year results showed that its group chief executive, Antonio Horta-Osorio, received an annual performance award of £1.7 million in shares, which is subject to ...
-
ArticleGovernment publishes response to auto-enrolment consultation
The government has published its response to a consultation on exceptions to the employer duties around pensions auto-enrolment.The consultation, Technical changes to automatic-enrolment: public consultation on draft regulations and other proposed changes, which was published in March 2013, described proposals to insert a clause in the Pensions Bill to provide ...
-
ArticleJohn Hayhurst, from East Coast Mainline, on HR change on the railways
He was previously head of HR at National Express, during the two years when Great North Eastern Railway (GNER) was part of the National Express Group. He has also been an HR business services manager at GNER, formerly part of British Rail.Hayhurst, who has worked in the railway industry for ...
-
Case StudiesEast Coast Mainline: The benefits
PensionsA defined benefit scheme, open to new entrants. Employees contribute 11.9% of pensionable pay and the organisation contributes 17.85%.Life assurance is available at four-times salary as part of the pension.A trust-based defined contribution scheme is available for staff who have drawn down their DB pension but continue to work for ...
-
Article
Madgex adds charity run to wellbeing offer
EXCLUSIVE: Madgex employees will take part in a charity run in March, in the latest in a range of health and wellbeing initiatives the organisation provides to staff.The provider of job board software and CV services has organised a running team for the Sainsbury’s Sports Relief mile on 23 March.Hanna ...
-
Article21% of UK workers paid below the living wage
More than a fifth (21%) of the UK workforce is paid below the living wage, according to a report by the Living Wage Commission.Its report, Working for poverty, which provides a detailed analysis of the rise of low pay and working poverty in the UK, found that 5.24 million employees ...
-
Article
Dixons Retail appoints reward managers
McCahill will be responsible for all major international reward projects.She has joined Dixons after one year as HR manager at Samsung’s Cambridge Solution Centre, where she managed global reward.She previously held various roles at CSR, including talent and succession manager, and global reward specialist, when she was responsible for global ...
-
Article
Astellas Pharma appoints Kate Olley
Olley has 20 years’ experience in reward, including consultant roles at Towers Perrin and Arthur Andersen (both now Towers Watson), European head of reward at ABN AMRO Bank and group head of reward at Standard Chartered Bank.
-
ArticleMental health issues cost UK £70bn a year
Mental health issues cost the UK around £70 billion every year, according to research by the Organisation for Economic Co-operation and Development (OECD).Its report, Mental health and work: United Kingdom, found that this figure amounts to a 53% loss in employment and productivity.The report recommends that the government’s new Health ...
-
Article
EY launches new employee wellbeing programme
EY has launched a new approach to employee wellbeing called Health EY.The programme includes the introduction of mental health first-aiders across the professional services firm.Employees will be trained to act as a first point of call for colleagues who are facing mental health challenges or seeking advice.The organisation has also ...
-
Article
Whitbread launches employee assistance programme
Whitbread has launched an employee assistance programme (EAP) for more than 40,000 employees.The organisation, which includes brands such as Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, initially trialled the scheme with 4,000 employees.The EAP, which is provided by and charity Hospitality Action and is available across the catering and ...
-
ArticleAdvisers believe employers are disengaged with auto-enrolment
Two-thirds (65%) of respondents believe employers are disengaged with auto-enrolment, according to research conducted by financial research organisation Defaqto on behalf by Now: Pensions.The research, which surveyed 264 independent financial advisers, found that 89% of respondents are concerned that employers lack the knowledge to make informed decisions about the appropriate ...
-
Case StudiesDavid Thorpe discusses his favourite staff benefits at East Coast Mainline
“I started on a casual basis for six months doing luggage assistance, then I applied for a full-time permanent role as a station customer services assistant, despatching trains at Peterborough,” he says.Thorpe’s favourite benefit is the bikes-for-work scheme, which is available via a salary sacrifice arrangement through the organisation’s voluntary ...
-
Article
Nissan UK appoints DB pension administrator
Nissan UK has appointed Capita Employee Benefits to provide pensions administration services to its defined benefit (DB) pension scheme.The services, which are part of a five-year contract, went live on 3 February 2014. Nick Burns, chief executive of Capita Employee Benefits, said: “Working with Nissan is a significant new contract ...
-
Article
Carillion appoints Trevor Sparrow
He was previously head of international pensions and benefits at Lloyds Banking Group.With more than 30 years’ experience in the industry, Sparrow’s roles have included pensions manager at Lloyd’s Register, principal consultant of international pensions at KPMG, international pensions manager at JP Morgan Chase, head of pensions and benefits for ...
-
Article
Ricoh Europe appoints Donna Nind
She has joined from CSC, where she had worked for eight years, most recently as senior manager, compensation and benefits for the UK, Ireland, the Netherlands and the Nordics.Nind’s other previous roles at CSC have included compensation and benefits manager for the UK and Ireland, compensation and benefits specialist for ...
-
Article
Metropolitan Police launches voluntary perks
The Mayor’s Office for Policing and Crime (MOPAC) has launched a voluntary benefits programme for the Metropolitan Police Service’s 45,000 staff.The Met Rewards programme, which is provided by Xexec through a framework agreement, is also available to elected local policing bodies and other police authorities for UK police forces, the ...
-
Article
Bwin.Party to launch new long-term incentive plan
Online gaming organisation Bwin.Party is planning to launch a new long-term incentive plan for executive directors and senior managers.The Bwin.Party Digital Entertainment 2014 incentive plan (BIP) will succeed the organisation’s previous two schemes, its bonus banking plan and its value creation plan, which were both adopted in conjunction with the ...