All articles by kscott – Page 84
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ArticleAverage median HR salary in UK is £47,919
The average median salary for HR professionals working in the UK is £47,919 a year, according to research by Croner Reward.Its HR salary survey, which surveyed 316 organisations with 1,427 job roles, also found that HR professionals’ salaries across the UK are up to 24% less than median HR salaries ...
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ArticleTenet Group reports a 28% mean gender pay gap
Financial advice organisation Tenet Group has reported a 28% mean gender pay gap for fixed hourly pay as at 5 April 2017.The organisation has reported its gender pay gap data in line with the government’s gender pay gap reporting regulations and ahead of the private sector submission deadline of 4 ...
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AnalysisInfographic: What generation is most likely to select their own pension investment fund?
An infographic showing how many employees from different generations have selected their own investment fund rather than stayed in their pension scheme’s default fund.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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OpinionLouise Farrand: Pension investment costs are worth the price tag to assist retirement outcomes
The future is defined contribution (DC). As defined benefit (DB) schemes close, over eight million people are now saving into defined contribution (DC) schemes because of auto-enrolment, according to the Pensions Regulator’s Declaration of compliance report, published in July 2017.Two factors particularly affect DC savers’ retirement outcomes: contribution rates and ...
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Case StudiesMotability uses face-to-face briefings to educate employees on pension investments
Harlow-based mobility charity Motability uses annual face-to-face briefing sessions to educate its 119 employees on pensions topics, including available pension investment options.Currently, employees have the opportunity to self-select their own pension investment fund away from the default option out of 57 available fund options.The voluntary briefing sessions, led by the ...
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AnalysisHow can employers help employees understand pension investments?
Need to know:Employers can offer a variety of fund choices through their pension scheme that can include high-risk and low-risk options for employees.Employees can use an online risk profiler tool to ascertain their appetite for risk, which can inform their investment strategy to ensure it suits their needs.Financial education can ...
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ArticleEsther McVey appointed secretary of state for work and pensions
Conservative member of Parliament (MP) Esther McVey has been appointed as the new secretary of state for work and pensions.McVey, who has been the MP for Tatton since June 2017, commenced her new role in January 2018 after the former minister, David Gauke, was appointed the secretary of state for ...
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ArticleBT employees accept pay and pensions deal
BT employees who are members of the Prospect trade union have voted to accept a new pay and pensions deal.The agreed deal offers employees being moved from the organisation’s defined benefit (DB) pension scheme, the BTPS, to its defined contribution (DC) scheme, the BTRSS, a transitional payment. Furthermore, employer contributions ...
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ArticleCMS reports a 17.3% mean gender pay gap
Law firm CMS has reported a 17.3% mean gender pay gap for fixed hourly pay as at 5 April 2017.The organisation has reported its gender pay gap data in line with the government’s gender pay gap reporting regulations and ahead of the private sector submission deadline of 4 April 2018.The ...
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ArticleTesco partners with UK health charities to highlight workplace health programme
Supermarket retail organisation Tesco has partnered with three UK health charities in order to develop a new workplace health programme for its 300,000 UK employees.Its ‘Little helps for healthier living’ partnership, which launched on 9 January 2018, will see Tesco liaise with the British Heart Foundation, Cancer Research UK, and ...
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ArticleCope joins the National Citizen Service Trust
Michael Cope has joined not-for-profit social enterprise organisation the National Citizen Service Trust (NCS) as its remuneration and policy manager.As part of his new role, Cope will develop and implement an approach to align reward and performance, introduce a benefits menu and platform and an HR policy suite, create grading ...
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OpinionDavid Lorimer: How employers can protect against data breach liability
Last year's case in which Morrisons was found liable for damages arising from the actions of a rogue employee had broad implications for all employers. Andrew Skelton was imprisoned for eight years after deliberately disclosing payroll records relating to almost 100,000 staff members to several newspapers and online in 2014.This ...
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ArticleHerbert Smith Freehills reports a 19% mean gender pay gap
Law firm Herbert Smith Freehills has reported a 19% mean gender pay gap for fixed hourly pay as at 5 April 2017.The organisation has reported its gender pay gap data in line with the government’s gender pay gap reporting regulations and ahead of the private sector submission deadline of 4 ...
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ArticleGerman metalwork employees strike in dispute over pay and work-life balance
More than 15,000 metalwork and electrical employees based in Germany who are members of the trade union IG Metall have undertaken strike action in a dispute over pay and work-life balance.Affected IG Metall members, who work across 80 different organisations, undertook strike action yesterday (Monday 8 January 2018) after negotiated ...
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ArticleShoosmiths reports a 15.41% mean gender pay gap
Law firm Shoosmiths has reported a 15.41% mean gender pay gap for fixed hourly pay as at 5 April 2017.The organisation has reported its gender pay gap data in line with the government’s gender pay gap reporting regulations and ahead of the private sector submission deadline of 4 April 2018.The ...
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ArticleCIPP gains living wage accreditation
Membership organisation The Chartered Institute of Payroll Professionals (CIPP) has been accredited as a living wage employer by the Living Wage Foundation.The organisation has committed to paying its 60 permanent employees, as well as any third-party contractors, at least the voluntary living wage rate of £8.75 an hour for staff ...
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Case StudiesThe benefits offered by Siemens UK
The workplace benefits offered by Siemens UKFinancial: Defined contribution (DC) trust-based pension scheme for all employees to comply with auto-enrolment. Employer matching on a 1:1 basis, with a minimum total contribution of 3% and a maximum of 10%.Online financial education.Performance-based bonus scheme.Sales commission in relevant areas of the business.Employee share ...
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Case StudiesSiemens UK launches benefits platform to align with business digitalisation
Global technology organisation Siemens has launched a new benefits platform for its 15,000 UK and Ireland-based employees in order to align its benefits technology with the organisation’s overall business focus on digitalisation.Heike Avramovic, head of reward for UK and Ireland at Siemens, says: “It’s about culture, and the culture needs ...
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Poll: What benefits changes is your organisation planning to make in 2018?
[polldaddy poll=9912614]
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ArticleJCB gives shop floor employees 3.9% pay increase
Construction equipment manufacturing organisation JCB has awarded 3,200 shop floor employees a 3.9% pay increase.The pay rise, which is effective from 1 January 2018, is part of a three-year pay deal that was agreed with trade union GMB in 2016. The pay award is linked to November 2017’s retail prices ...