All articles by kscott – Page 161
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ArticleBritish Gas holiday pay case heard at Court of Appeal
The Court of Appeal heard the case of British Gas Trading Ltd v Lock this week (11 July 2016), which revolves around the inclusion of commission in holiday pay calculations.Lock, a sales consultant for British Gas, brought an employment tribunal claim for outstanding holiday pay against the organisation. Lock earned ...
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Article57% would attend dental check-ups if they had help with cost
More than half (57%) of respondents would attend a six-monthly dental check-up appointment if they had help with the dental costs, according to research by Monroe Sutton.The Dental benefits 2016: What UK employees want and how employers can help report, which surveyed 1,000 UK employees, also found that 45% of ...
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ArticleEmployee Benefits named Pensions/Benefits Publication of the Year
Employee Benefits has been named Pensions/Benefits Publication of the Year at the 2016 Willis Towers Watson Media Awards, winning the accolade for the second year in a row.The annual industry media awards, now in its eleventh year, recognises excellence in business journalism, focusing on the areas of HR, pensions, benefits ...
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ArticlePension deficit for defined benefit schemes increases by £89bn
The aggregate deficit of defined benefit pension schemes in the Pension Protection Fund (PPF) 7800 Index reached £383.6 billion at the end of June 2016, an £89 billion increase from the £294.6 billion recorded at the end of May 2016, according to data from the PPF.The latest PPF 7800 Index ...
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ArticleJPMorgan Chase to raise base pay by up to $16.50
JPMorgan Chase is to raise the minimum pay for its 18,000 US employees to between $12 (£9.06) and $16.50 (£12.45) an hour.The financial services organisation currently pays employees a minimum of $10.15 (£7.66) an hour.The increase in base pay will take place over the next three years, and will be ...
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ArticleEmployee Benefits Live conference streams to address key industry challenges
Workplace equality and diversity, benefits technology, pensions, and health and wellbeing are just some of the dedicated conference streams that will feature at Employee Benefits Live 2016.On day one of the event, on Tuesday 11 October, conference streams include workplace pensions, which will highlight issues such as auto-re-enrolment, and the ...
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ArticleWhat should employers watch for after the EU leave vote?
On 23 June, the UK electorate voted to leave the European Union (EU).Since the result of the referendum was announced, there has been much uncertainty and speculation about the impact of the Leave decision on employment legislation and rights, workplace pensions and other employee benefits.With a minimum two-year wait on ...
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ArticleCity Hall reports 4.6% gender pay gap
The Mayor of London, Sadiq Khan, has reported the results of City Hall's latest pay audit, which found the equivalent of a 4.6% gender pay gap.Female City Hall employees on full-time contracts earned £21.40 an hour on average at the end of March 2016, while male staff took home £22.44 ...
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ArticleEY and LV= commit to Women in Finance Charter
A total of 72 organisations, including EY (pictured), LV=, and Standard Life, have signed up to the Women in Finance Charter, which aims to drive diversity across the financial services industry.The charter, which was developed in response to Jayne-Anne Gadhia’s Review in March, commits financial service organisations to link the ...
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ArticleStarbucks enhances pay and benefits package for US staff
International coffee chain Starbucks is increasing pay and enhancing its benefits package for US-based employees, including changes to its healthcare programme and share scheme.Starbucks US is developing a personalised healthcare benefits package with the aim of giving employees greater flexibility and choice to suit their needs and budget.From 18 July ...
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OpinionBenjamin Fletcher: Benefits that recognise the diversity of employees’ lives can aid engagement
The world of work today is very different to even 10 years ago, and so too are employee expectations. Traditional work and home life divides have diminished as a generation grew up connected by and accustomed to sharing their lives on social media. Work and home-life separation has also come ...
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ArticleEXCLUSIVE: Benefex and EY partner on employee engagement
EXCLUSIVE: Professional services organisation EY has partnered with employee benefits provider Benefex to offer employee engagement solutions.The organisations will work together to provide employee benefits and engagement technology alongside consulting services with the aim of enhancing people performance, staff engagement, and talent attraction and retention.The collaboration will see EY deliver ...
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ArticleFat Face launches mobile phone salary sacrifice scheme for staff
Clothing and accessories retail organisation Fat Face has launched a new salary sacrifice mobile phone scheme for its 3,000 UK employees.The benefit, Phonescheme, provided by Grass Roots, was introduced in June 2016. The scheme enables staff to save up to 42% on the cost of a mobile phone.The scheme was ...
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Article8% reduce reward package in response to national living wage
Less than one in 10 (8%) employer respondents who have seen their wage bill increase following the introduction of the national living wage have reduced aspects of their reward package, such as paid breaks, overtime or bank holiday pay, in response to this, according to research by the Resolution Foundation.The ...
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ArticlePhysical activity gets employees emotionally fit
Employers are recognising the wider benefits of incorporating staff fitness and physical activity into an employee wellbeing strategy.In May 2016, Leeds Beckett University launched its second six-week Beckett Steps Challenge, with 708 campus staff taking part compared to last year’s 380. The challenge, which culminates in June, sees employees make ...
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ArticleSports Direct to review bonus arrangements
Sports Direct is to review its incentive arrangement after failing to reach the full year earnings targets required to trigger payments under its annual share-based bonus scheme.For the 2,000 eligible employees to receive a payment under the existing annual bonus scheme, Sports Direct needed to record earnings of £420 million, ...
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ArticleEXCLUSIVE: Royal Mail Group receives 1,200 orders for car salary sacrifice scheme
Royal Mail Group has seen staff place 1,200 orders for cars after launching a salary sacrifice car scheme in March.It launched its My Drive scheme, which employees can take up at any time and is provided by Zenith, in conjunction with the launch of its flexible benefits plan, branded My ...
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ArticleDWP consults on future of Nest
The Department for Work and Pensions (DWP) has launched a consultation on the future of the National Employment Savings Trust (Nest) to investigate whether the service needs to better reflect the current pensions market.The consultation will consider the role and breadth of Nest in relation to pension reforms, such as ...
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ArticleCivil Service, Pinsent Masons and Royal Mail Group awarded for equality and inclusion
The Civil Service, Lloyd’s of London, Pinsent Masons and Royal Mail Group were among the organisations awarded for inclusive and equal workplace practices at the Employers Network for Equality and Inclusion (ENEI) Awards.The awards are designed to acknowledge and celebrate organisations with a commitment to good practice above and beyond ...
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ArticleKing’s College Hospital NHS Foundation Trust launches car salary sacrifice scheme
King’s College Hospital NHS Foundation Trust has introduced a car salary sacrifice scheme for its employees.The car scheme, which was launched in mid-June 2016, is available to over 9,800 eligible employees among the organisation's 13,000-strong workforce.The scheme, provided by Tusker, also offers staff maintenance support, insurance, breakdown cover, tyres and ...