All articles by kscott – Page 126
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ArticleAsda offers pay increase under new contract
Retail organisation Asda has offered 135,000 UK-based store employees a pay increase as part of a new contract.The Your Choice contract, which is voluntary, will enable staff to earn a minimum of £8.50 an hour from October 2017.Current staff can decide whether or not to move to the new contract, ...
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Article50% believe low resilience levels impact workplace performance
Half (50%) of respondents believe low levels of resilience have a negative impact on workplace performance, according to research by Axa PPP Healthcare.Its survey of 2,000 UK adults also found that 56% of respondents believe that motivation is likely to be adversely affected by a low level of resilience.The research ...
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ArticleLush to pay all permanent UK staff the voluntary living wage
Cosmetic retail organisation Lush is to pay all of its permanent employees in the UK, including retail and manufacturing staff, the voluntary living wage from April 2017.The commitment to the living wage will result in a pay increase for 3,555 employees, who will see their hourly rate of pay rise ...
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Case StudiesNationwide introduces higher minimum pension contribution level to improve retirement outcomes
Nationwide Building Society updated its defined contribution (DC) group personal pension (GPP) plan to default 12,000 scheme members on to a higher contribution rate, to ensure staff access the maximum employer contribution and to help improve retirement outcomes.Following a benchmarking exercise in 2014, Nationwide found that the majority of its ...
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OpinionTim Gosling: Higher contribution rates will bring savers closer to retirement targets
With the 2017 review of automatic-enrolment approaching, the Pensions and Lifetime Savings Association (PLSA) spent 2016 researching adequacy in pension saving. Together with Hymans Robertson, we used data on pension wealth and other savings to build a picture of what retirement incomes could be for the population of Britain, assuming ...
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ArticleHow can employers create the right pension contribution structure for their workforce?
Need to know:Setting differing contribution levels within a workplace pension arrangement allows employees to select what they can afford to put aside for their retirement.Benchmarking against other organisations within the same industry enables employers to set a sector-competitive pension contribution structure.Employers with a paternalistic outlook could consider setting a higher ...
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ArticleVoyages-sncf introduces on-site e-sport gaming room
E-commerce travel organisation Voyages-sncf.com has introduced a state-of-the-art gaming room at its head office to encourage employees to take part in e-sport competitions.Voyages-sncf.com, which employs approximately 1,000 staff members across Europe, will also support a team of 17 employees by covering registration fees and travel expenses for e-sport competitions.The team, ...
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ArticleVirgin Money reports a 36% mean gender pay gap
Virgin Money had a mean gender pay gap of 36% at April 2016, according to the organisation’s 2016 annual report.The financial services organisation recorded a median gender pay gap of 39% at April 2016.The pay gap has been attributed to the under-representation of female employees in senior leadership roles and ...
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ArticleUBS cuts performance award pool by 17%
Swiss banking organisation UBS has decreased its 2016 performance award pool by 17% to CHF2.9 billion.The organisation, which employs 59,387 members of staff, had a performance award pool of CHF3.5 billion in 2015.The performance award pool includes all discretionary performance-based variable awards. It is determined by business performance, including group ...
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Article137.3m working days lost due to sickness or injury in 2016
An estimated 137.3 million working days in the UK were lost due to sickness or injury in 2016, according to the Office for National Statistics (ONS).Its Sickness absence in the labour market: 2016 report found that minor illnesses, such as colds and coughs, were the most common reason for sickness ...
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Article
8: events: Employee Benefits Awards 2017 shortlist unveiled
BNP Paribas, Goodman Masson, Hays, Sandwell Metropolitan Borough Council, Skanska UK, and Warner Music are among the organisations that have been shortlisted for the Employee Benefits Awards 2017.The winners will be announced at the Employee Benefits Awards and Summer Party on Friday 9 June 2017, at the Artillery Garden at ...
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ArticleJohn Lewis and Waitrose staff to receive 6% bonus
Around 86,700 employees at John Lewis and Waitrose will receive a bonus worth 6% of their salary.The bonus is equivalent to more than three weeks’ pay for staff that have been employed by the John Lewis Partnership for an entire year. In total, the bonus will amount to £89.4 million.The ...
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ArticleTesco to back pay staff after salary sacrifice-linked living wage error
Retail organisation Tesco is to provide back pay to 140,000 former and current employees after it was found that their pay fell below the national living wage after salary sacrifice deductions.An internal review of Tesco’s reward system found that some employees were being left with a base salary below the ...
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ArticleNew Zealand entices tech employees with paid-for trip
Something for the weekend: The job interview process can often be a gruelling one, with many potential applicants fearing numerous panel-style interviews, complete with quick-fire questions about their career history and transferable skills. But how much better would that interview process seem if it were to involve a paid-for trip ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 2 and 8 March 2017 were: Employee Benefits Connect 2017 speaker slidesTax-free childcare to be rolled out from April 2017Keep up to date with the Spring Budget 2017British Gas is refused right to appeal in holiday pay commission caseBig Bang Theory ...
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ArticleCaicedo joins Royal College of Obstetricians and Gynaecologists
Fernando Caicedo has joined the Royal College of Obstetricians and Gynaecologists (RCOG) as head of HR.Previously, Caicedo held positions at charity Leonard Cheshire Disability, including senior HR projects lead and senior HR business partner, as well as at Macmillan Cancer Support where he was HR business partner.
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ArticleGeorge takes on reward at Equifax
Equifax has appointed Katherine George interim Europe, Middle East and Africa (EMEA) reward lead.Previously, George was interim human resource business partner reward at the BBC, benefits manager EMEA at SThree, interim reward specialist at Mondi Group, and interim head of reward and benefits at Top Right Group.
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ArticleHow the Spring Budget 2017 will affect employee benefits
On 8 March 2017, Chancellor Philip Hammond delivered his Spring Budget 2017 speech. Below is a round-up of the key announcements that have a bearing on employee benefits:The government’s tax-free childcare policy, which provides parents with children under the age of 12 up to £2,000 a year per child to ...
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ArticleDanone launches global parental policy
Global food organisation Danone has launched a new global parental policy, including 18 weeks of fully-paid leave for primary caregivers and pre-and post-natal support initiatives.The new policy aims to provide a consistent standard of support to all new and expectant parents across the organisation's 100,000-strong global workforce, regardless of which ...
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ArticleTata Steel UK to close defined benefit pension scheme to future accrual
Tata Steel UK has confirmed that it will close its defined benefit (DB) pension scheme to future accrual.The organisation will close the British Steel pension scheme (BSPS) to future accrual from 31 March 2017. From 1 April 2017, the DB scheme will be replaced with a defined contribution (DC) pension ...