All articles by Louise – Page 24
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ArticleTata Steel employees accept temporary 3% pay cut
UK employees at Tata Steel’s Long Products Europe business have agreed to a temporary reduction in pay to facilitate the sale of the business to Greybull Capital.Members of trade unions Community, GMB and Unite accepted the changes to pay and conditions following a consultative ballot.The 12-month agreement includes a 3% ...
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Article40% rank health insurance in their top three employee benefits
Four in ten (40%) respondents rank health insurance among their top three most-valued employee benefits, compared to 37% in 2015, according to research by Willis PMI Group, part of Willis Towers Watson.Its survey of 1,197 UK employees also found that 32% place health screenings among their top three benefits, which ...
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ArticleEXCLUSIVE: Benefex gains living wage accreditation
EXCLUSIVE: Employee benefits provider Benefex has been accredited as a living wage employer by the Living Wage Foundation.The accreditation recognises the organisation’s commitment to paying all of its 160 employees, and third-party contractors, at least the living wage rate of £8.25 an hour.The living wage is a voluntary rate calculated ...
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ArticleGender pay gap reporting takes shape
In February 2016, the government expanded on its plans to require organisations with more than 250 employees to publish gender pay gap data.In addition to publishing average gender pay gap and bonus pay gap data, under the draft regulations, firms will also have to publish the number of male and ...
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ArticleEXCLUSIVE: JLT achieves 18% engagement rate with car salary sacrifice scheme
EXCLUSIVE: Jardine Lloyd Thompson (JLT) has seen 18% of eligible employees register interest in its car salary sacrifice scheme in the three months since it was launched.The insurance, reinsurance and employee benefits consultancy firm introduced the scheme, which is provided by Fleet Hire’s Car Salary Exchange, at the end of ...
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ArticleGreen Lantern Group launches voluntary benefits programme
Contractor services firm Green Lantern Group has launched a voluntary benefits programme for its 1,000 contractors.Green Lantern Group has introduced the scheme with the aim of enhancing the wellbeing of its contractors and as part of its commitment to establishing the organisation as a great place to work.The scheme, provided ...
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ArticleABI consults on simplifying pensions language
The Association of British Insurers (ABI) is launching a consultation into the language used around pensions and retirement savings.Its consultation will inform the work of the Pensions Language Steering Group, which involves regulators, industry, consumer groups and the government. The group is working to develop a new guide that simplifies ...
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AnalysisThe evolving role of technology in company car schemes
Need to know:Telematics can enable a more proactive approach to car maintenance.Black-box telemetry could also be used to encourage good driver behaviour and capture mileage data, leading to cost savings.As technology continues to advance, employers will need to consider how they communicate and engage staff with telematics.As the technology used ...
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AnalysisHow to reduce company car scheme costs and administration
Need to know:A joined-up approach to fleet, travel and expenses can identify potential cost savings and areas for policy optimisation.Focusing on mobility and total journey cost can help determine the most appropriate means of travel.Data connectivity between employers and providers can enhance efficiency and help to control costs.Company car schemes ...
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AnalysisHow to engage staff with company car schemes
Need to know:Pre-launch communications can help build momentum around company car schemes.A comprehensive, sustained communications strategy can drive continued engagement with cars as a benefit.Tailored communications can ensure that all staff are aware of company car schemes and the value they can provide.Offering employees access to a car through their ...
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ArticleScottish Parliament staff accept pay deal
Scottish Parliament staff have accepted a two-year pay deal for 2016-2018.Employees who are members of Prospect, the trade union that represents specialist staff at Holyrood, such as researchers, clerks and official reporters, have agreed upon the deal.The pay deal will see employees at the maximum end of their pay scale ...
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ArticleEY launches return-to-work programme
EY has introduced a return-to-work programme to help individuals who have taken a career break to re-enter the workplace.The EY Reconnect initiative will support experienced professionals who have been out of the workplace for between two and 10 years.The 12-week programme will include training, mentoring and coaching opportunities. Participants will ...
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ArticleWimberly Allison Tong and Goo launches employee ownership trust
US organisation Wimberly Allison Tong and Goo (WATG) has launched an employee ownership trust.The design consultancy, which employs 360 staff across the US and international locations, including London, Istanbul, Dubai, Singapore, and Shanghai, has adopted the employee ownership model with the aim of supporting its future growth.WATG was advised by ...
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Article70% believe pay transparency improves employee satisfaction
Almost three-quarters (70%) of employee respondents believe that salary transparency has a positive impact on employee satisfaction, according to research by Glassdoor.Its Global salary transparency survey, which surveyed 8,254 employees in Canada, Switzerland, Germany, France, the Netherlands, the UK, and US, also found that 69% of respondents would like to ...
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Article39% of female financial services staff believe they receive a fair salary
Less than one in four (39%) of female employee respondents in financial services believe that they receive a fair salary for the work they are doing, according to research by the Association of Accounting Technicians (AAT).Its survey of 1,001 male employees and 1,000 female employees working in finance roles or ...
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ArticleEY enhances parental benefits for US employees
EY is extending its paid parental leave policy for US employees and introducing new parental financial assistance benefits.From July 2016, Ernst and Young will offer 16 weeks of fully paid parental leave to all eligible US employees. This will apply to birth parents and adoptive parents, as well as those ...
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ArticleForeign and Commonwealth Office appoints chief mouser
Something for the weekend: The Foreign and Commonwealth Office (FCO) has appointed Palmerston the cat as chief mouser.Palmerston joins the UK government department from Battersea Dogs and Cats Home, which has been caring for him since March.Palmerston, who has been named after former prime minister and foreign secretary Henry John ...
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ArticleLouise's lowdown: Will the Lifetime Isa encourage or distract from pension saving?
On 16 March Chancellor George Osborne delivered his Budget 2016 speech to Parliament. A storm of speculation around pensions tax relief had raged for months before beginning to subside in early March, when word spread that this Budget would not, as many had expected, herald in further radical reform to ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 7 and 13 April 2016: Tasmanian island seeks chief wombat cuddler.BBC switches payroll technology provider.EXCLUSIVE: 67% concerned about mental health in the workplace.Co-operative Group chief executive requests 60% pay cut.Coca-Cola to enhance parental leave for US employees.How can employers help staff ...
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ArticleCity of London Police launches health and wellbeing network
The City of London Police has launched a health and wellbeing network to support its employees' mental and physical health.The initiative aims to ensure employees’ health needs are supported, and ensure they have the support they need to perform their roles effectively.The network will make existing occupational health services more ...