All articles by Jennifer Paterson – Page 42
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48% will stay in pension post-auto-enrolment
Almost half (48%) of respondents will remain in their employer’s pension scheme once they have been auto-enrolled, according to research by information specialist EDM Group.Its research, which surveyed 1,586 employees, found that less than a quarter (23%) have either immediately opted out of their employer’s pension scheme post-auto-enrolment or plan ...
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UnitedHealth Group rolls out global benefits portal
UnitedHealth Group has launched an online platform to manage and communicate benefits to its employees based in the UK and the Philippines.The US healthcare group, which employs 133,000 staff worldwide, will use the Darwin platform, administered by Thomsons Online Benefits, to streamline benefits administration, governance and compliance across several regions.The ...
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ArticlePay rises higher in private sector
Average weekly earnings for the private sector increased by 1.1% year on year, while average weekly earnings for the public sector fell by 0.5%, when comparing June to August 2013 with the same period in 2012, according to the latest figures by the Office for National Statistics (ONS).The Labour market ...
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Shell staff most active in Europe
Shell has been named the most active organisation in Europe by the Global Corporate Challenge (GCC).The global oil and petrochemical company was chosen because nearly 14,000 employees across 34 countries took part in the 2013 GCC, an addition of 12 countries on its participation in 2013.The Global Corporate Challenge is ...
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Direct Line Group appoints George Makris
He was previously senior manager, executive remuneration at Deloitte.Makris had previously worked at Hay Group in a range of consultant roles, including senior consultant, executive remuneration and benefits.He also spent a year as corporate governance analyst at ISS and research analyst at Manifest.
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Interview with Debi Povey, head of reward, Bwin.Party
While she was collating a series of job descriptions during an HR restructure, she caught sight of a description for a reward analyst’s job and decided to apply for it.“They didn’t offer me the job, but I started working as a PA for the head of compensation and benefits with ...
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Government announces auto-enrolment changes
The Department for Work and Pensions has announced new changes to auto-enrolment legislation, which are aimed at making it easier for future tranches of employers to enrol their employees into a pension scheme.The government received 112 responses to its consultation launched in September 2012 and has now finalised amendments to ...
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East Coast Mainline launches phone scheme
EXCLUSIVE: East Coast Mainline has launched a smartphone and computer scheme for its 3,000 UK employees.Since its launch in mid-September, 550 staff have taken up the offer. John Hayhurst, head of HR at East Coast Mainline, said: “It has been a real surprise. We knew it was going to be ...
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UK pension system not fit for purpose
The UK pension saving system is out of date and not fit for purpose at a time when retirement prospects in the UK are more uncertain than ever, according to a report by independent pensions expert Dr Ros Altmann (pictured) and sponsored by MetLife UK.The Pensions – time for change ...
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Kodak Pension Plan to set up new DB scheme
The Kodak Pension Plan (KPP) is to launch a new defined benefit pension scheme for its members.Almost all (92%) of the previous scheme’s members voted in favour of the establishment of the new plan, while less than 1% voted to enter the Pension Protection Fund (PPF) and 7% have yet ...
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2 Sisters Food Group to launch voluntary perks
2 Sisters Food Group is to launch a voluntary benefits plan, an employee assistance programme (EAP) and an online health assessment programme in November 2013.The benefits, which are provided by Personal Group, will be available to the food manufacturer’s 24,000 employees at 47 locations around the UK.The scheme will also ...
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JLT Employee Benefits completes DB pension buy-in
JLT Employee Benefits has completed a buy-in contract with Prudential for its defined benefit (DB) pension scheme.The JLT UK Group Pension Scheme, which has liabilities of £120 million, has purchased an annuity to secure future benefit payments, reducing the volatility of the scheme’s projected funding requirements.The scheme has around 4,000 ...
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Public sector pay still higher than private sector
Public sector employees in the north east, Merseyside and south west of England earn as much as £3,200 more than their equivalents in the private sector, according to analysis by think tank Policy Exchange.Its report, which analysed the Office for National Statistics’ Labour force survey, published between January and March ...
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94% offer annual bonuses to staff
The vast majority (94%) of respondents offer an annual bonus to a broad range of their employee base, according to research by Towers Watson.Its research, which surveyed 120 employers, found that, despite challenging economic conditions, respondents said bonus payouts have remained at, or near, target levels over the past few ...
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Mills & Reeve aligns auto-enrolment with flexible benefits
EXCLUSIVE: Mills and Reeve has aligned pensions auto-enrolment with its annual flexible benefits enrolment window.The law firm has 888 UK employees, but will also include 80 new employees who are part of the June 2013 merger with law firm George Davis.Samantha Neaves, reward and HR information systems manager, said: “Following ...
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BT and Unilever focus on depression at work
Large European employers, such as Barclays, BT Group, Deutsche Post DHL, Royal Mail Group and Unilever, have launched an initiative to combat the impact depression and its cognitive symptoms have in the workplace.The employers, which collectively employ more than 600,000 employees in Europe, have formed a steering committee, called Targeting ...
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Ardagh Group staff accept pay deal
Ardagh Group employees have accepted a 6% pay rise over two years.Staff at the packaging organisation’s glass sites in Yorkshire and Scotland, who are members of the union Unite, have voted in favour (80%) of accepting the pay rise, which is an improvement on the 5.5% that had previously been ...
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Pay inflation at highest level since 2008
Permanent salary inflation increased in September, reaching its sharpest growth since February 2008, according to research by the Recruitment and Employment Confederation (REC) and KPMG.The Report on jobs, which draws on original survey data provided by recruitment consultancies, found that temporary pay inflation also accelerated, with the latest rise only ...
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Almost 600,000 Londoners stuck in low pay
Almost 600,000 Londoners, equivalent to one in seven employees, have been stuck in low pay for at least a year, according to research commissioned by Trust for London and carried out by the Centre for Economic and Social Inclusion (CESI).Its Work in progress report, which surveyed more than 100 employment ...
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Pg 16-17 – Interactive – The month in numbers
3,000 – The number of Mitie Group employees in its latest sharesave scheme (see Mitie Group integrates employee benefits across businesses).£182 – The amount per week an employee must be earning to be auto-enrolled into a workplace pension (see The challenges of auto-enrolling weekly-paid employees).6 – The number of management ...