All articles by kscott – Page 46
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ArticleKeep up to date with the Autumn Budget 2018
Chancellor Philip Hammond will deliver his Autumn Budget 2018 speech at approximately 3.30pm on Monday 29 October 2018.Stay tuned to the Employee Benefits website for all the latest updates on how the Autumn Budget could impact employers and staff.In the Autumn Budget 2017, key announcements included: an increase in the ...
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ArticleJapanese organisation Crazy rewards staff for sleeping six hours or more
Japanese wedding planning organisation Crazy has introduced a new wellbeing initiative that rewards employees for getting six or more hours of sleep for a minimum of five days across the week.The initiative was launched on 10 October 2018, in conjunction with Air Weave, to help enhance employees’ overall health and ...
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Article90% not offered support when returning from maternity leave
The majority (90%) of respondents who have returned to work after maternity leave state that they were not offered support, either through a return-to-work programme or one-to-one coaching, according to research by working parents’ website MMB.Its Maternity returners survey, which polled 1,008 maternity returners in the UK working at management ...
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ArticleMedian gross weekly earnings increased by 3.5% for full-time employees
The median gross weekly earnings for full-time employees in the UK was £569 as at April 2018, a 3.5% improvement since 2017, according to research by the Office for National Statistics (ONS).Its Employee earnings in the UK: 2018 report, which uses data from the Annual survey of hours and earnings ...
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OpinionCatherine Rickard: How can flexible working impact employees’ financial wellbeing?
The business benefits of flexible working initiatives and improved work-life balance have increasingly been recognised by organisations as a means of improving performance and employee productivity.However, there are also direct benefits when it comes to financial wellbeing. For example, according to the Chartered Institute for Personnel and Development's (CIPD) Employee ...
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OpinionRosemary Lemon: Does ROI have to be monetary for financial wellbeing strategies?
Launching a new benefit is like making any other business proposal: there has to be a return on investment (ROI). A successful benefit, therefore, has to be valued by employees and make them feel more positively engaged with their organisation.This is especially true in the case of financial benefits. Financial ...
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OpinionKevin Barrow: Two years since the Taylor review - what is next for zero-hour workers?
It has now been two years since the government commissioned The Independent Review of Employment Practices in the Modern Economy, or the Taylor Review as it is more commonly known.Over the past 24 months, this much anticipated review into modern working practices has certainly been high on the agenda for ...
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AnalysisWhat are the latest trends and developments in financial education?
Need to know:Financial education is being increasingly influenced by machine learning, which predicts what education employees need based on previous choices.More employers are looking to support financial education programmes with regulated financial advice, although financial coaching could be a more affordable alternative.Digital communications and tools are being used to signpost ...
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Case StudiesAspen Insurance uses online financial education to prepare staff for new financial benefits
Global organisation Aspen Insurance launched an online financial education programme for its 700 UK employees in May 2018, to help equip staff to make relevant financial decisions prior to the implementation of new financial flexible benefits in June 2018.The programme, provided by Nudge, allows employees access to a personalised online ...
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OpinionCharles Cotton: HR professionals have a crucial role in championing financial wellness
Research by the Chartered Institute of Personnel and Development (CIPD), sponsored by Close Brothers and released in January 2017, found that one in four employees admit that money worries have affected their performance at work. Based on a survey of more than 1,800 respondents, the results showed that while younger ...
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OpinionDanielle Crawford: What do employers need to watch out for with Christmas rewards?
Many employers offer their workforce some form of incentive or reward during the festive period. However, in order to minimise the risk of disgruntled employees, employers need to carefully consider their Christmas gestures of goodwill.First and foremost, organisations must ensure that their employees are treated fairly and consistently. People will ...
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ArticleEXCLUSIVE: 53% favour employers that positively contribute to their wellbeing
EXCLUSIVE: More than half (53%) of respondents favour employers that positively contribute to their wellbeing, even if it means they earn less money, according to research by actuarial firm Hymans Robertson and lifestyle insurance organisation Yulife.The Closing the wellbeing gap: exploring the interaction between work, health and wellbeing report, which ...
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ArticleThree-quarters find it difficult to balance family and work commitments
Three-quarters (75%) of respondents find it difficult to balance their work and family commitments, according to research by health insurer Benenden Health.Its Supporting employees with family and caring commitments report, which surveyed 1,084 employees aged between 25 and 50 who have caring responsibilities for children, elderly or sick relatives, or ...
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ArticleThree-quarters support pension tax relief changes if they help lower income employees
Three-quarters (75%) of employers would support changes to the pensions tax relief system if this would provide more help to lower income employees, according to research conducted by the Association of Consulting Actuaries (ACA).Its 2018 Pensions trends survey, which polled 349 employers, also found that 59% of respondents believe the ...
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ArticleEuromoney launches family support benefit for 850 UK staff
Global financial information organisation Euromoney has launched a new family support benefit for its 850 UK-based employees in order to support staff in fulfilling their potential at work.The new benefit, provided by Parental Choice, was introduced on 11 October 2018 and is effective immediately for UK employees. The family support ...
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Case StudiesGamesys centres organisational culture and benefits strategy on employee feedback
Digital gaming and gambling organisation Gamesys has invested in crafting an organisational culture and benefits focus that centres on delivering against feedback from its 1,300 global employees.Tina Southall, director of people at Gamesys, says: “It’s the willingness to truly engage with employees, listen to what they want and try to ...
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Case StudiesThe benefits offered by Gamesys
The benefits offered by Gamesys:Pay and group riskEmployer-funded life assurance at three times base salary to cover death-in-service lump- sum payments.Performance-linked bonus scheme for all employees, paid in May and November at either 10% or 20% of total salary, depending on department. A quarter (25%) of the total bonus is ...
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OpinionRachel Pinto: CJEU rules that UK's pension compensation regime is inadequate
The Court of Justice of the European Union (CJEU) ruled in Hampshire v The Board of the PPF that under EU law, on an employer's insolvency, every employee must receive compensation corresponding to at least 50% of the value of their accrued pension entitlement under an occupational pension scheme. This ...
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ArticleAround three-quarters of employees with a steady job have volatile pay
Around three-quarters (73%) of employees with a steady job have volatile pay or notable changes in monthly pay that can be attributed to more than just pay rises, promotions or bonuses, including at least one notable downward change in monthly pay, according to research by thinktank The Resolution Foundation.Its Irregular ...