All articles by Louise – Page 28
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ArticleAramark health service workers strike over pay
Aramark health service employees are taking strike action today (21 March) in a dispute over pay.Some 175 members of the GMB trade union who work as cleaners and hostesses for food service and facilities management firm Aramark, are striking at the Bethlem, Lambeth, Lewisham and Maudsley Hospitals in London.The union ...
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ArticleEnglish National Opera resolves pay dispute with chorus staff
The English National Opera (Eno) has resolved a pay dispute with staff employed as members of its chorus.The employees, who are members of Equity, the trade union for professional performers and creative practitioners, were due to strike on 18 March over proposed pay cuts of 25% for 44 employees, and ...
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Article42% of under-25s are not rewarded by their employer
More than two-fifths (42%) of employee respondents aged 18-24 did not receive a reward from their employer in 2015, according to research by Red Letter Days for Business.Its The rewards report, which surveyed 2,006 British employees, also found that almost half (48%) of respondents aged 55 and over did not ...
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ArticleAdmiral CEO gifts £1,000 to employees
Henry Engelhardt, chief executive officer (CEO) at Admiral, and his wife, Diane Engelhardt, are personally gifting between £500 and £1,000 to each member of the organisation's 8,300-strong global workforce.Engelhardt, who is retiring in May, is offering the gift as a gesture of thanks for employees’ hard work during his 25-year ...
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ArticlePorsche awards €8,911 bonus to staff
Porsche AG is awarding employees a €8,911 (£6,952) bonus in recognition of their role in helping the organisation achieve positive results for 2015.The bonus will be paid to around 15,600 members of staff who are employed under the firm’s collective pay agreement.The 2015 bonus will be adapted according to employees’ ...
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Article62% of under-25s would be more loyal to employer if paid national living wage
Almost two-thirds (62%) of respondents aged 16-24 would be more loyal to their employer if they were to receive the new national living wage rate, which is only statutory for employees aged 25 and over, according to research by workforce management firm Kronos.Its survey of 2,020 employees over the age ...
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ArticleJapanese government body seeks modern-day ninjas
Something for the weekend: Do you have stealth-like moves, a way with people and a talent for acrobatics? If you do, then you might make the cut as a modern-day ninja.The local government body in the Aichi Prefecture in Japan is recruiting six ninjas to help promote tourism in the ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 10 and 16 March 2016: EAT reverses ET decision on childcare vouchers.Government confirms plans to limit salary sacrifice.Employer contributions to public sector pensions to increase.Employee Benefits Connect 2016 speaker slides.National minimum wage to rise to £6.95.Tax-free childcare to be phased in ...
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ArticleUK Supreme Court rules on UBS and Deutsche Bank bonus cases
The Supreme Court has ruled in favour of HM Revenue and Customs (HMRC) in a case examining the tax that should be paid on bankers’ bonuses.In the cases of UBS AG v Commissioners for HMRC and DB Group Services v Commissioners for HMRC, the banks awarded discretionary bonuses to employees ...
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ArticleHow the Budget 2016 will impact employee benefits
On 16 March, Chancellor George Osborne delivered his Budget 2016 speech. Below is a round-up of the key announcements with a bearing on employee benefits:The government plans to limit the range of benefits that can be offered under a salary sacrifice arrangement. This will not apply to pensions, childcare and ...
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ArticleScottish further education staff strike over pay
Further education lecturers in Scotland are striking over pay today (17 March).The industrial action follows a ballot among members of the trade union Educational Institute of Scotland (EIS) and Further Education Lecturers’ Association (Fela). Of the 61% of members who turned out for the ballot, 88% voted in favour of ...
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OpinionStephen Chater: Share schemes offer significant tax incentives
Typically, an organisation’s choice of employee share scheme will depend on the degree of employee share ownership that it wishes to introduce. One employer might want only key people to own shares, whereas another might prefer all employees to become part-owners of the business by introducing an all-employee share scheme.Various ...
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ArticleGovernment limits capital gains exemptions for employee shareholder status
Budget 2016: The government is imposing an individual lifetime limit of £100,000 on gains eligible for capital gains tax exemption through employee shareholder status.This will apply to employee shareholder status arrangements entered into from 17 March 2016. It will not apply to existing arrangements.The limit was announced by Chancellor George ...
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ArticleGovernment to introduce Lifetime Isas to encourage long-term saving
Budget 2016: The government is to introduce a new savings mechanism known as a Lifetime individual savings account (Isa).Chancellor George Osborne announced the plans in his Budget 2016 speech today (16 March).The Lifetime Isa is aimed at helping young people save for the long term, with a particular emphasis on ...
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ArticleInsurance premium tax to rise to 10%
Budget 2016: The standard rate of insurance premium tax (IPT) is to rise from 9.5% to 10%.The 0.5% increase will come into effect from October 2016.Chancellor George Osborne announced the rise in IPT in his Budget 2016 speech today (16 March).The rise will be invested in flood defences and resilience ...
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ArticleGovernment retains freeze on fuel duty
Budget 2016: Fuel duty is to remain frozen at 57.95p a litre for 2016-17.This is the sixth consecutive year that the government has retained the freeze on the rate of fuel duty.The continued freeze was announced by Chancellor George Osborne during his Budget 2016 speech today (16 March).Osborne said: “In ...
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ArticleStay up to date with the Budget 2016
Chancellor George Osborne will deliver his Budget 2016 speech from 12.30pm today (16 March).Stay tuned to the Employee Benefits website for the latest updates about how Osborne’s announcements will impact employers and staff, with possible changes predicted on salary sacrifice arrangements to pay and pensions.Follow @EmployeeBenefit on Twitter for real-time ...
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ArticleTotal pay increases by 2.1%
Total pay, including bonuses, increased by 2.1% between November 2014-January 2015 and November 2015-January 2016, according to research by the Office for National Statistics (ONS).Its UK labour market: March 2016 report also found that regular pay, excluding bonuses, increased by 2.2% in the three months to January 2016 compared to ...
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ArticleAberdeenshire and Aberdeen City Councils achieve 10% log-in for car salary sacrifice
Aberdeenshire and Aberdeen City Councils have achieved a 10% log-in rate to their dedicated driver site after revamping their car salary sacrifice scheme.The car salary sacrifice arrangement was revamped in June 2015 as part of wider changes to the local authorities’ employee benefits programme, which is provided by P&MM.Thus far, ...
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ArticleEmployee Benefits Connect 2016 speaker slides
Where speakers have given approval, we have uploaded the slides for the keynote and conference sessions at Employee Benefits Connect 2016, which took place on 9 March at the Lancaster London.Thank you very much to all of the speakers for sharing their ideas, experiences and insights.Keynote speakers:K1: The evolution of ...