All articles by Jennifer Paterson – Page 37
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Employees want to choose their own benefits
More than half (56%) of respondents are able to choose their own benefits, according to research by Capita Employee Benefits.Its research, which surveyed 3,000 employees, found that 28% are able to choose their own benefits and 16% do not know whether they have flexible benefits or not.Among respondents who do ...
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Recognition as valued as the annual bonus
Almost half (45%) of respondents prefer frequent recognition rather than an annual bonus, according to research by Globoforce.Its 2013 UK Workforce mood tracker, which surveyed employees from a range of organisations with 500 or more staff, found that 81% of respondents believe recognition and reward should be distributed more fairly ...
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Pg 16-17 Tweets about the Employee Benefits Awards
@boostawards “Calling HR people, the very popular Employee Benefits Awards @EmployeeBenefit Open 4 Entries #EBAwards #AwardWriters”@Benefex “We just heard that @MindCharity has been selected as the charity for the @EmployeeBenefit Awards 2014. Awesome.”
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Pg 16-17 Most talked-about news via Twitter
In an online news story published in November, Employee Benefits wrote that Arsenal Football Club denied that it pays its kitchen staff less than the London living wage, which was increased from £8.55 to £8.80 per hour during Living Wage Week, 4 to 8 November.@EmployeeBenefit “Arsenal FC denies paying below ...
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FTSE 350 pension deficit increases to £102bn
The estimated aggregate deficit for the defined benefit (DB) pension schemes of FTSE 350 companies stood at £102 billion at 31 October 2013, according to research by Mercer.Its Pensions risk survey found that asset values increased by £13 billion over the month, from £553 billion at 30 September 2013 to ...
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Poor pay levels top reason for staff turnover
Lack of remuneration and recognition is the top cause of voluntary staff turnover, according to research by the recruiter, Robert Half UK.Its research, which surveyed 200 HR directors, found that 40% of respondents cited poor pay and recognition as the major cause of turnover, 29% cited concern of their organisation’s ...
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Friendly Pensions launches fee-free charging structure
Friendly Pensions has introduced a charging structure to its pensions that is fee-free until the pension fund grows by 5%.David Austin, managing director of Friendly Pensions, said: “We established Friendly Pensions to focus on auto-enrolment because we believe current providers did not offer value to small and medium-sized employers.“Our approach ...
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Employee Benefits Awards help share best practice and ideas
Janine Sparks, senior reward manager at British Airways, answers questions about what it means to be recognised as employee benefits professional of the year.Sparks, who was chosen for the accolade at the Employee Benefits Awards 2013, has spent more than 25 years in employee benefits and reward.What has winning an ...
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Employers would support group risk auto-enrolment
More than half (52%) of respondents would support an initiative to auto-enrol employees into group risk protection products alongside pensions auto-enrolment, according to research by Group Risk Development (Grid).Its Group risk employer research, which surveyed 500 UK employers, found that 38% would consider implementing these products alongside auto-enrolment.The research also ...
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Lloyds Banking Group consults on DB pension changes
Lloyds Banking Group is consulting with employees in its defined benefit (DB) pension schemes about a proposed cap on pensionable pay.The proposals, which would impact 35,000 DB pension members, would mean that these employees will be paid a pension calculated using their current salary rather than adjusting the pension in ...
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ABI updates guidelines on executive remuneration
The Associate of British Insurers (ABI) has published the annual update of its guidelines on designing and operating executive director remuneration.The 2013 version of its Principles of remuneration are intended to apply for 2014 annual general meetings and annual reports.The updated version includes:Performance adjustment/malus and clawback: The update provides a ...
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Prostate Cancer UK staff take part in Movember
Prostate Cancer UK employees are growing moustaches in November to support the Movember campaign.The annual campaign, which primarily benefits prostate cancer research, is a month when men sport a moustache to raise awareness around men’s health issues.The charity’s male employees have been strongly encouraged to grow a moustache and have ...
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Aon Hewitt launches auto-enrolment product
Aon Hewitt has launched its auto-enrolment product, A to Z.It selected insurer Zurich as the pensions provider for A to Z.The product, which has been developed for organisations that are implementing auto-enrolment in 2014, has a flat annual management charge of 0.5% for all members if they use Zurich’s default ...
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Workforce Metrics launches HR compliance product
Workforce Metrics has launched a web-based HR product, which is designed to help HR departments better comply with government legislation.The product, ER Tracker, aims to increase visibility and compliance, while also improving diversity, fairness and privacy in the workplace.Andy Shettle, managing director of Workforce Metrics, said: “Surviving in today’s uncertain ...
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William Hill appoints Tony Robertson
William Hill has appointed Tony Robertson group pensions manager.With more than 20 years’ experience in pensions, Robertson’s previous roles include: benefits project manager at Newedge, pensions operations and policy manager at Kingfisher, pensions administration and technical manager at Resource Administration, technical manager at Barclays Bank and pensions adviser at British ...
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Discovery appoints Roland Baskeyfield
Discovery Communications has appointed Roland Baskeyfield interim HR manager, compensation and benefits.In this role, he will primarily facilitate and support the reward integration of a recently acquired Nordic organisation.Baskeyfield’s previous roles include interim UK and return on investment reward business partner at Kellogg Company, HR manager – reward and recognition ...
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Tate and Lyle enters pensions buy-in
Tate and Lyle Amylum UK Pension Scheme has entered into a pension insurance buy-in.The transaction, which covers £82 million of liabilities and more than 600 members of its defined benefit (DB) pension scheme, was concluded by Pension Insurance Corporation (PIC).The employer and the trustees were advised by KPMG.Steve Amor, head ...
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ArticleReward director roles are evolving rapidly
Since 2010, there have been 39 reward director appointments across the FTSE 100, according to a report by executive search firm Hedley May.The Changing faces at the Remco: strategies for navigating today’s remuneration landscape report, which conducted 36 interviews with chairmen, remuneration committee (Remco) chairs, HR directors and reward directors, ...
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Hospitals trust pays overtime bonuses
Great Western Hospitals Foundation Trust is awarding its staff a bonus payment for working overtime during the busy winter season.The bonus scheme, which pays out between £25 and £65 for every shift in which employees work overtime, depending on the banding of their role, will be reviewed in February 2014.It ...
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KPMG and Unilever staff take part in fundraising event
Employees from Freshfields Bruckhaus Deringer, Key Travel, KPMG and Unilever have taken part in a fundraising event for Oxfam.The Emergency Challenge event, which was attended by nearly 70 employees from UK organisations, tested teams of four with a series of mental, physical and strategic challenges around five key emergency areas: ...