All articles by Jennifer Paterson – Page 28
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Now: Pensions partners Staffcare for auto-enrolment
EXCLUSIVE: Now: Pensions has partnered Staffcare for auto-enrolment administration and the distribution of member communications for participating employers.From January 2014, employers will be able to access a Now: Pensions portal, which will be hosted by Staffcare.The portal will:Handle and distribute communications to employees for each category of worker.Manage and record ...
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Interactive - The month in numbers
11 cubic metres – The legal minimum amount of space employers must provide to all employees (Cover story: How offices can affect employee health and wellbeing).17.85% – The percentage of salary per employee that East Coast Mainline contributes to its final salary pension scheme (Employer profile: East Coast Mainline).£4 – ...
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Top 10 most visited stories on the web
1. BP and Microsoft access wellbeing scheme2. Court rules on disability and work-related stress3. How to motivate lower-paid staff in high-pay cultures4. Cisco cuts healthcare costs by 8.5%5. Confessions of a benefits manager: Focusing on employee communications6. Average gender pay gap among HR professionals hits £8447. The Body Shop launches ...
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Interactive - Top tweets
@PeoplesPension – Good piece on communicating #autoenrolment from @EmployeeBenefit bit.ly/1agTdbd Knowing & understanding your audience is key@WPRLawyers – Interesting piece from @EmployeeBenefit on attitudes to working savings and retirement income ow.ly/snSRe@workinstitute – Learn to motivate your lower paid staff members with this post by @EmployeeBenefit bit.ly/19iep2o@KamwellLtd – Need more info ...
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Interactive - LinkedIn Discussion Board
Martin Schillig, HR business partner at sports betting organisation Tipico, posed these three questions:Which external environmental changes will affect your reward practice or strategy for 2014??How will these affect your reward practice or strategy??How will you communicate these changes to both management and employees?”Robert Holman, group reward manager at international ...
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Article74% of HR professionals receive a cash bonus
The Employee Benefits Salary survey 2014 , which questioned 361 staff with responsibility for managing benefits and reward in UK organisations, found that bonuses are most commonly linked to the performance of respondents’ organisations (89%), followed by personal performance (74%) and team or departmental performance (12%).A fifth of these respondents ...
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Terra Firma doubles staff pay pot to £35m
Terra Firma paid £35.4 million in wages to its staff in 2013, up from £17.1 million in 2012.The private equity investment firm’s Directors’ report and accounts for the year ended 31 March 2013 showed that the increase was directly related to an increase in activity and revenues for the period, ...
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ArticleShareholder returns in employee-owned companies rise 53%
Total return for shareholders in FTSE companies with employee share ownership rose by 53% in 2013, compared to 21% for companies in the FTSE All-share index, according to research by corporate finance firm Capital Strategies and the London Stock Exchange.The UK Employee ownership index analysed 69 FTSE companies where employees ...
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Reeves & Co to streamline pensions for auto-enrolment
Reeves and Co is to streamline its defined contribution (DC) pensions schemes to comply with pensions auto-enrolment.The accountancy firm will replace its two existing DC pensions with a group personal pension (GPP) following a consultation with a group of staff representatives.Following its auto-enrolment staging date on 1 February, eligible employees ...
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Global expansion drives expatriate benefits review
Lloyds Register, for example, is developing a centralised global mobility service across its international locations, which includes reviewing and benchmarking its HR services and benefits provision, such as its international private medical insurance and relocation package.Doug Rice, director of Jelf International, said: “A number of independent organisations provide benefits benchmarking ...
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Article2-3% pay rises most common among HR professionals
Pay rises in this percentage bracket were most common among the 238 respondents who received a pay rise in the last year. The Employee Benefits Salary survey 2014, which questioned 361 employees with responsibility for managing benefits and reward in UK organisations, also found that one in six (16%) received ...
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JP Morgan benchmarks perks with awards win
Adam Brooke, employee benefits manager (UK) at JP Morgan, explains what it means to win an Employee Benefits award.JP Morgan won ‘Best benefits communications, large employer’ at the Employee Benefits Awards 2013.1. What has winning an Employee Benefits’ award meant to you and to your team?It was so exciting and ...
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Care UK launches online benefits portal
Care UK has launched an online benefits portal for its 22,000 employees.The portal, which was rolled out in December 2013, aims to ensure the health and social care provider’s benefits package is accessible to all staff, particularly nurses and care workers who do not have regular access to a computer ...
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A million UK staff donate to charity via payroll giving
More than a million employees donated to charity through a workplace payroll-giving scheme in 2012/13, according to revised figures by HM Revenue and Customs (HMRC).The figures have been revised due to a change in data collection and also in the data systems of some payroll-giving agencies.The figures show that donations ...
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Employers focus on winter wellbeing
James Dunningham, operations director at Health at Work, said: “This is a good time for employers to take advantage of new year’s resolutions, the general motivation that people feel in January when they step onto the scales, and special offers in the wider community, such as discounted gym memberships and ...
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ArticleAverage gender pay gap among HR professionals hits £8,844
The Employee Benefits Salary survey 2014, which questioned 361 employees with responsibility for managing benefits and reward in UK organisations, found that male respondents earn an average basic annual salary of £61,624, compared with female respondents’ average basic annual salary of £52,780. The job title with the most pronounced gender ...
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Hozelock appoints Aon Hewitt to DB pension
Hozelock has appointed Aon Hewitt to provide actuarial, investment and pensions management service to its defined benefit pension scheme.The organisation, which manufactures a range of gardening products, has a pension scheme with assets of around £50 million and around 750 members.Trevor Austin, chairman of the trustees of the Hozelock scheme, ...
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FTSE 350 pension deficit increased in 2013
The accounting deficit of defined benefit (DB) pension schemes for the UK largest 350 companies increased in 2013, according to research by Mercer.Its Pensions risk survey found that the FTSE 350 companies’ deficit stood at £97 billion at 31 December, compared to £72 billion at 31 December 2012.There was an ...
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ArticleWorkplace pensions will not meet retirement needs
More than three-quarters (76%) of respondents expect their workplace pension scheme to be their main source of retirement income, but 88% do not believe it will meet their needs, according to research by Barclays Corporate and Employer Solutions (C&ES).Its research, which surveyed 360 UK employees enrolled in a workplace defined ...
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Share scheme limit rise divides opinion
The limits on sharesave schemes will double from £250 to £500 a month, while the maximum value of shares an employee can acquire with tax advantages through share incentive plans (Sips) will increase by £300 a year, to £1,800 for partnership shares and £3,600 for free shares.Phil Hall, specialist adviser ...