All articles by Jennifer Paterson – Page 67
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VideoMerlin Entertainments harmonises reward and benefits
This mantra is also reflected in the benefits and reward package it offers to its 8,000 UK employees.Its focus on building memorable experiences has had a positive impact on staff. In Merlin’s 2013 employee opinion survey, 86% of employees said they were satisfied with their benefits. Debra Corey, group compensation ...
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Home Retail Group boosts discounts spend
EXCLUSIVE: Home Retail Group, the parent company of Argos, Habitat and Homebase, has increased staff spend through its employee discounts scheme since it switched providers in February.Since launching the new scheme two months ago, the retailer, which has 44,000 staff across the UK, has seen around 11,000 employees register to ...
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GSK and Hymans Robertson shortlisted for workplace savings benefits
GlaxoSmithKline (GSK) and Hymans Robertson have been shortlisted for the award ‘Best workplace savings benefits’ at the Employee Benefits Awards 2013.This award recognises employers that have made a concerted effort to encourage workplace saving among employees by implementing programmes, such as a corporate individual savings account (Isa), a corporate wrap ...
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Employees rate quality of work life higher than pay
More than half (55%) of respondents rate the quality of life in the workplace as being more important than financial incentives, according to research by recruitment firm Brook Street.Its Survive and thrive research, which surveyed 1,000 London-based employees, found 32% would prefer a comprehensive benefits package, while 40% felt that ...
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Sports Direct staff to share £100m payout
Sports Direct employees are to receive a payout worth 75% of their base salary in shares in August 2013 when the retailer’s 2009 bonus share scheme matures.More than 2,000 employees participated in the three-year scheme, which awards shares based on specified profit targets being met in 2009-10, 2010-11 and 2011-12.The ...
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Call for single pensions regulator
The government should reassess the case for establishing a single body with sole responsibility for regulating workplace pensions, according to a report by the Work and Pensions Committee.Its report, Improving governance and best practice in workplace pensions, raises concerns over current gaps in regulation and the potential for further gaps ...
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BNP Paribas and BMW shortlisted for health perks
BNP Paribas, Freshfields Bruckhaus Deringer and Hewlett-Packard are among the employers shortlisted for the award ‘Best healthcare and wellbeing benefits’ at the Employee Benefits Awards 2013.This award recognises employers that have implemented a strategy that helps promote health and wellbeing in the organisation, such as programmes that focus on healthy ...
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UK salaries to rise by 3% in 2013
UK employers are planning to increase salaries by an average of 3% in 2013 for the second year running, according to research by Towers Watson.Its Salary budget planning report, which received 5,000 responses from organisations across 60 countries in Europe, the Middle East and Africa (EMEA), found that 4% of ...
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Pensions Management Institute appoints new president
The Pensions Management Institute (PMI) has appointed Paul Couchman, managing director at Premier Pensions (pictured), as its new president.He will take over from the current president, Susan Andrews, partner at Pinsent Masons, on 18 July 2013. Gerry Degaute of the Royal Mail Pension Plan and re-elected Susan Smith, joint head ...
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LEBC Group partners Aviva for auto-enrolment product
LEBC Group has partnered Aviva to create an online auto-enrolment product.The independent financial adviser and employee benefits consultancy’s aeComply draws on the functionality of Aviva’s online Auto-enrolment Manager for Employers (AME) hub-based product, which can operate across multiple providers’ pension schemes.The product enables employers to manage their long-term compliance requirements, ...
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Cartwright Group acquires pensions arm of Gallagher Benefits Consulting
Cartwright Group Actuaries and Consultants has acquired the trust-based pensions business of Gallagher Benefits Consulting.The acquisition expands the number of staff within the group to 60, boosting the actuarial team to 16.Ian Cartwright, chairman and managing director at Cartwright Group, said: “We have had a professional association with the Gallagher ...
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More than 300,000 staff auto-enrolled into workplace pensions
More than 300,000 UK employees have been automatically enrolled in to a workplace pension scheme in the first six months of pensions auto-enrolment, according to The Pensions Regulator (TPR)’s first registration report.TPR will publish these updates on a monthly basis, derived from information submitted by employers when they register, which ...
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Youforce launches mobile HR product
Youforce, the international arm of parent company Raet, has launched its mobile HR product into the UK.The software-as-a-service (Saas) platform for HR activities and talent management, can be used by employers and employees at any time on any mobile device.Its capabilities include:Enabling employees to carry out administrative tasks using self-service.Single-system ...
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Dairy Crest plugs pension deficit with cheese
Dairy Crest is to plug its defined benefit (DB) pension scheme deficit with cheese.The dairy products manufacturer, which produces brands such as Cathedral City, Clover, Country Life and Yoplait, has granted the scheme a floating charge over maturing cheese inventories with a maximum realisable value of £60 million.This is aimed ...
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Leading benefits professionals shortlisted for individual achievement at Employee Benefits Awards
Reward and benefits professionals from American Express, British Airways, City and Guilds, the Co-operative Group, JP Morgan and Royal Bank of Scotland Group have been shortlisted for the award ‘Employee benefits professional of the year’ at the Employee Benefits Awards 2013.The shortlist names the forward-thinking and leading lights of the ...
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Millennials not motivated by financial reward
The millennial generation of employees would choose flexible-working options, work-life balance and the opportunity for overseas assignments above financial rewards, according to research by PricewaterhouseCoopers (PWC) in conjunction with the London Business School and the University of Southern California.The Nextgen survey, which polled 44,000 employees, also found that millennials, those ...
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Pay rises by 1% while cost of living rises 2.8%
Total pay (including bonuses) for employees in the UK rose by 0.8% between December 2012 and February 2013, according to figures from the Office for National Statistics (ONS).Its Labour market statistics, April 2013 showed that regular pay (excluding bonuses) for this group, meanwhile increased by 1%.In addition, between February 2012 ...
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Tusker staff aim to raise £20,000 for charity
Tusker employees are taking part in a challenge to raise £20,000 for charity.A team of 20 employees, led by chief executive David Hosking (pictured), will tackle the Tough Mudder adventure challenge, a 12-mile obstacle course designed to test participants on strength, stamina, mental grit and camaraderie.The 20 employees will face ...
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European Parliament votes in favour of bankers' bonus cap
Members of the European Parliament (MEP) have voted in favour of imposing a cap on bankers’ bonuses.If formally approved by the Council of Ministers, from 1 January 2014, the basic salary-to-bonus ratio will be 1:1. This could be raised to a maximum of 1:2, if approved by at least 66% ...
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JLT Employee Benefits partners Vielife
JLT Employee Benefits has formed a global partnership with health and wellbeing provider Vielife.The partnership will enable JLT Employee Benefits to offer Vielife’s online health and wellbeing platform through its online benefits management system, BenPal.Employers using BenPal will be able to access analysis available through Vielife’s system to identify the ...