All articles by Jennifer Paterson – Page 59
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Employees believe performance-related pay fuels productivity
Some 40% of respondents to Kelly Services’ annual Kelly Global workforce index claim that they would be more productive if they had their salary linked to performance targets.But the survey, which polled nearly 90,000 employees in 30 countries, found that just one third (30%) of respondents’ pay is tied to ...
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BMW wins Grand Prix at Employee Benefits Awards 2013
The car manufacturer, which was shortlisted in three categories, was chosen for the top award by the judges because of the steps it took to support staff mental wellbeing.BMW implemented a stress management programme in January 2012 as a result of staff feedback. The support service, run by The Priory ...
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Restraint shown in setting executive remuneration
Research published in May and June showed bonuses have fallen for FTSE 100 executive directors and pay freezes are on the increase.Fit Remuneration Consultants’ FTSE 100 executive remuneration survey, published in May, found that 32% of FTSE 100 employers will not increase salaries this year, up from 27% that took ...
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Case StudiesDennis Publishing's benefits strategy remains young at heart
Consequently, the magazine and digital content publisher has striven to offer a benefits package that fits this employee profile. Alison Hunter, HR director, says: “We are the first to admit we have never been above-average payers, so we try to put a lot of emphasis on the diversity and flexibility ...
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Employers segment pensions for auto-enrolment
Such arrangements can be particularly effective for employers that have a diverse workforce.Gary Moore, policy adviser, defined contribution (DC) pensions at the National Association of Pension Funds, said: “It may be that there are different segments [of a scheme] for different parts of a workforce, that different segments have different ...
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Kodak pension plan settlement approved
The UK Kodak Pension Plan (KPP) has had its settlement agreement approved by the US Bankruptcy Court for the Southern District of New York.Under the agreement, which was announced on 29 April, Kodak’s personalised imaging (PI) and document imaging (DI) businesses will be spun off under the ownership of KPP.Steven ...
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Dairy Crest increases voluntary benefits take up
EXCLUSIVE: Dairy Crest has seen an increase in the take up of its voluntary benefits scheme, since it launched a new online plan last year.More than a third (1,700 of 5,000) of its employees are now registered for the scheme. Its previous scheme, which was paper-based, attracted only about 40 ...
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Employers reward staff for green behaviour
Copper Consultancy and Richmond Towers Communications are the first employers to launch a new employee engagement and reward programme, which is designed to help organisations embed a culture of sustainability and healthy living.The programme, Jump: Healthy Planet – Healthy Team, rewards employees for taking positive steps that both improve the ...
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Employees use holiday allowance for sick leave
More than a quarter (26%) of respondents used their holiday allowance rather than take time off sick, according to research by Canada Life Group Insurance.The research, which surveyed more than 1,000 UK employees, found that 10% have felt tempted to use their holiday allowance in this way, while 64% were ...
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East Coast Mainline revamps voluntary perks
EXCLUSIVE: East Coast Mainline has added a bikes-for-work scheme to its online voluntary benefits scheme, run health and wellbeing roadshows, and extended its recognition scheme.The bike scheme, which was introduced in May and is provided by Halfords, had 40 employees take it up within its first month.The health and wellbeing ...
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Pensions Bill passes second reading in House of Commons
The Pensions Bill passed through its second reading in the House of Commons on 17 June.The Bill was introduced into the House of Commons on 9 May 2013, following the Queen’s Speech.During the speech, it was confirmed that the Pensions Bill will introduce a state pension system which will replace ...
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Total reward for senior civil servants down by 17%
Total reward for senior civil servants has been reduced by around 17% in real terms over four years, according to a report by the National Audit Office (NAO).The report concluded that, owing to pay freezes and changes to pensions and benefits, promotion in the senior civil service is becoming so ...
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Uni of Lincoln staff take part in global challenge
EXCLUSIVE: The University of Lincoln has launched its fourth annual Global Corporate Challenge.The challenge, which began in May and will continue until September, will include a range of activities that focus on employee health and wellbeing.The university had four teams when it first participated in the programme in 2009, but ...
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Quarter of employers not satisfied with auto-enrolment product
EXCLUSIVE: More than a quarter (28%) of respondents believe they do not have the right auto-enrolment product in place for their organisation after reaching their staging date, according to research by Benefex.The research, which surveyed 100 employers that have already been through auto-enrolment, found that the top challenge was the ...
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Small employers face shareholder dissent over pay
One in five small UK organisations has experienced major objections from shareholders to their pay packages in 2013, according to research by KPMG.The research, which analysed shareholder voting at annual general meetings up to 31 May 2013, found that 20% of the FTSE small cap index had votes against their ...
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Employees feel employers support their wellbeing
More than half (58%) of respondents believe their employer does enough to support their wellbeing at work, according to research by CIC.The research, which surveyed 46 delegates at CIC’s Wellbeing and You seminar, looked into the issue of happiness, health and wellbeing in the workplace.Employer wellbeing support initiatives received by ...
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ArticleEmployers should look at benefits for rising number of older workers
The number of people aged 65 and over in employment has reached one million for the first time, according to figures by the Office for National Statistics (ONS).Its Labour market statistics, June 2013, found that, of the 29.76 million people in employment, 1,030,000 were over 65, up by 96,000 in ...
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Anglian Water switches healthcare trust suppliers
EXCLUSIVE: Anglian Water is to launch a new healthcare trust on 1 July.The scheme will be available to the utilities firm’s 4,000 employees. Its manager population, of around 100 staff, will also be able to add their dependents onto the scheme.The organisation has offered a healthcare trust for some years ...
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Capital One tops list of best UK workplaces
Credit card organisation Capital One, consultancy Impact International and social media firm Propellernet were ranked among the top employers in the Great Place to Work Institute’s list of best workplaces in the UK.Capital One took top spot in the large organisation (500 or more employees) category, Impact International in the ...
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ArticleAverage weekly pay rises almost 1%
Average weekly earnings, excluding bonus payments, rose by 0.9% between February and April 2013, compared to the same period in 2012, according to figures from the Office for National Statistics (ONS).Its Labour market statistics, June 2013, found that in cash terms, average weekly earnings, excluding bonus payments, were £447 in ...