All articles by kscott – Page 40
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ArticleAround two-thirds say contributory pension schemes are their most valued benefit
Around two-thirds (62%) of respondents state that a contributory pension scheme is one of their top five most valued benefits, according to research by global advisory and brokering organisation Willis Towers Watson.Its survey of 2,000 UK employees also found that respondents most valued health insurance (43%), life insurance (40%), critical ...
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ArticleThe top 10 most read stories: 10-16 January 2019
The top 10 most read stories on www.employeebenefits.co.uk between 10 and 16 January 2019 were: Tesco rolls out subsidised gym membership benefit to 300,000 UK staffFrontier Airlines awards 53% across-the-board pay increaseBradford-based accounts manager admits workplace pension offencesUK takes 10th place in global rankings for workplace happinessCIMB offers six months' ...
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ArticleEXCLUSIVE: Risk and Business Analytics opens wellbeing hub for 800 UK staff
EXCLUSIVE: Global data and analytics organisation Risk and Business Analytics (RBA), part of Relx Group, has launched a dedicated wellbeing hub for 800 employees based at its UK headquarters in Sutton.The Living Well Hub, which was officially opened on Monday 14 January 2019, aims to help employees focus on their ...
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OpinionAlice Hallsworth: Global benefits strategies should align to local markets
When considering a global benefits strategy, employers should first consider their overall values, the industry landscape that the organisation works within, the needs of its workforce and, most importantly, what it is looking to achieve by aligning international benefits practices with its brand identity.The best benefit strategies identify clear objectives, ...
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ArticleTesco rolls out subsidised gym membership benefit to 300,000 UK staff
Supermarket retailer Tesco has rolled out subsidised gym membership to 300,000 employees in the UK.The new benefit, provided by Gympass, enables all Tesco staff, including those in head office and in-store, delivery drivers and home-based employees, based in the UK and Republic of Ireland, to access more than 1,400 nationwide ...
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ArticleHong Kong to raise statutory minimum wage by 8.7%
Hong Kong is to increase its statutory minimum wage from $34.50 (£3.42) an hour to $37.50 (£3.72) an hour, equating to an 8.7% pay rise for employees.The minimum wage increase was approved by Hong Kong's executive council last week, following recommendations from the territory's Minimum Wage Commission (MWC).Hong Kong's Government ...
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OpinionDarren Ryder: TPR survey shows staff are continuing to save more
Nearly 10 million people are now saving for their retirement. Thanks to the success of auto-enrolment, contributing to a workplace pension has now become the norm.Staff now expect a pension as part and parcel of their employment; meanwhile, the advertising campaign circulated by The Pensions Regulator (TPR) and the Department ...
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ArticleTravelodge launches recruitment programme to help parents back into work
UK hotel chain Travelodge has launched a new recruitment programme specifically designed to help parents re-enter the workplace.The programme launched on 14 January 2019 and will enable successful candidates to take advantage of flexible working hours, training, coaching from a work buddy and online careers advice, tailored to parents going ...
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ArticleTwo-fifths would feel more positive about their employer if offered an annual bonus
Two-fifths (40%) of employees would feel more positive towards their organisation if they were offered an annual bonus within their benefits package, according to research by Canada Life Group Insurance.Its survey of 1,001 UK employees found that bonuses are more highly valued by older staff, as 53% of those over ...
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ArticleAIB Group proposes 3% pay increase for 10,000 staff
Commercial banking organisation AIB Group has proposed a 3% pay increase for its approximately 10,000-strong workforce, as recommended by the Workplace Relations Commission (WRC).The pay offer forms part of negotiations between the Ireland-based bank and the Financial Services Union (FSU). The discussions, which began in November 2018, are being brokered ...
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Case StudiesAddison Lee to launch new values as part of wider benefits roadmap
Transportation service Addison Lee is launching five organisational values in February 2019, as part of a wider strategy to reinvigorate benefits and reward for its 1,600 global employees.The new values have been decided by the leadership team and are going to be introduced to help shape the organisation’s culture, as ...
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Case StudiesThe benefits offered by Addison Lee
The benefits offered by Addison Lee:Pension and payFive defined contribution (DC) pension schemes, which the organisation is looking to consolidate. These include pension schemes with National Employment Savings Trust (Nest) for approximately 500 employed UK chauffeurs, and with Aegon for management. Contributions vary according to seniority: employees and team leaders ...
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ArticleGovernment-led taskforce publishes employer guidance on championing flexible working
A government and employer-led taskforce focusing on encouraging flexible working has today (Monday 14 January 2019) published guidance for organisations on how to champion flexibility.The Flexible Working Taskforce, established in March 2018, is a working partnership across various government departments, business groups, trade unions and charities that aims to widen ...
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ArticleFrontier Airlines awards 53% across-the-board pay increase
US-based budget airline Frontier Airlines has ratified a new five-year collective bargaining agreement with the Air Line Pilots Association, International (Alpa), which includes an average 53% across-the-board pay increase.The new agreement, which becomes effective on 16 January 2019, and which Alpa estimates to be worth more than $1 billion (£779,315,000), ...
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ArticleTwo-fifths predict employee engagement will be greatest challenge in 2019
Two-fifths (40%) of employer respondents believe that engagement will be one of the most challenging agenda items in 2019, according to research by human resources software organisation Cascade HR.The 2019 landscape: what's in store? polled 423 UK-based HR professionals, and also found that 36% of respondents are concerned about staff ...
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OpinionKaren Coleman: Mandatory job evaluation could mitigate equal pay claims
Morrisons has become the latest big supermarket group to face a challenge at the Employment Tribunal (ET) over equal pay by its shop staff; these are predominantly women who believe that they are being unfairly paid less than their male counterparts employed in distribution centres. If the test claim by ...
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ArticleFTSE 350 defined benefit pension deficit rises to £41bn at the end of 2018
The accounting deficit for defined benefit (DB) pension schemes at the UK’s top 350 organisations increased by 28% between the end of 2017 and the end of 2018, rising from £32 billion to £41 billion, according to research by Mercer.Its 2018 Pension risk survey, which analyses the pension deficit calculated ...
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ArticleEXCLUSIVE: Three launches online financial education for 4,600 staff
EXCLUSIVE: Telecommunications organisation Three has launched an online financial education programme for its 4,600 UK-based employees in order to enhance its wider wellbeing strategy.The new financial education initiative, provided by Nudge, was implemented on 30 November 2018 for employees based at Three's head offices in Maidenhead, Glasgow and Reading, as ...
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ArticleMore than a third remain with their employer if they have good work-life balance
More than a third (37%) of employees state that a good work-life balance would cause them to remain with their current employer, according to research by community interest organisation Investors in People.Its 2019 Job exodus report, which surveyed 2,000 UK individuals in December 2018, also found that 34% of respondents ...
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Case StudiesMundipharma updates group risk benefits to increase employee choice and flexibility
Pharmaceutical organisation Mundipharma updated its group risk benefits in April 2016, in order to afford its 1,000 employees more flexibility around their coverage while mitigating increasing costs.Mundipharma provides two group risk benefits: group life insurance and group income protection. Both schemes were redesigned when the organisation introduced flexible benefits in ...