All articles by Louise – Page 30
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ArticleFollow the action at Employee Benefits Connect 2016
The reward, compensation and HR industry is gathering at the Lancaster London on 9 March for Employee Benefits Connect 2016.The event will provide delegates with the opportunity to hear the latest thinking on the future of reward across four conference streams: financial wellbeing, employee benefits strategy, global reward and workplace ...
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OpinionLouise Neilson: Health cash plans and PMI proactively support staff
The National House Building Council’s (NHBC) health and wellbeing strategy is supported by benefits that help to attract and retain talent. We want to be proactive rather than reactive when it comes to wellbeing, ensuring that our employees are well at work and as productive as possible, and to support ...
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OpinionGeorgina Beechinor: Home is where the start is in pensions auto-enrolment case
One qualifying criteria for pensions auto-enrolment is that, under their contract, an individual is a “worker”, “who is working or ordinarily works in Great Britain”. The UK Pensions Regulator (TPR) has power to issue compliance notices to employers that fail to comply with this requirement.In the case of The Queen ...
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ArticleWall Street bonuses fall by 9%
The average bonus paid to employees in New York City’s security industry fell by 9% to $146,000 in 2015, according to the Office of the New York State Comptroller.Overall, Wall Street's bonus pool declined by 6% to $25 billion in 2015 as the security industry’s profits fell by nearly 11%.The ...
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ArticleIntu awards £10,000 prize through employee recognition scheme
Retail property management and development organisation Intu has rewarded its employees for their achievements through its national employee recognition scheme.The organisation, which employs 2,500 members of staff, held the first award ceremony for its Win Your Dream scheme on 3 March, when the national winner received the gift of their ...
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ArticleGain insight into using technology for global health and wealth strategies at Employee Benefits Connect
Delegates at Employee Benefits Connect 2016 on Wednesday 9 March will be able to gain insight into how technology can be harnessed to support the health and financial wellbeing of global employees.During the conference session ‘Using technology to manage employees’ health and wealth in the global eco system', Matthew Lawrence, ...
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ArticleLearn how to use gamification to engage generation Z at Employee Benefits Connect
Delegates attending Employee Benefits Connect 2016 can learn about utilising gamification techniques to engage generation Z during an interactive roundtable session led by Jon Bryant, director, online and communications at Aon Employee Benefits.The session, ‘How important will gamification be in fully engaging generation Z?’, will examine how gamification is currently ...
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OpinionGeorge Bull: Salary sacrifice can benefit both employer and employee
Salary sacrifice arrangements are very simple, highly effective and potentially beneficial to both employee and employer. It is almost too good to be true.At the heart of a salary sacrifice arrangement is an agreement between an employer and an employee to change the terms of the employment contract to reduce ...
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Article79% used existing workplace pension scheme for auto-enrolment
Around three-quarters (79%) of respondents that already have a workplace pension scheme in place opted to use their existing scheme for auto-enrolment, according to research by the Department for Work and Pensions.Its Employers’ pension provision survey 2015, which is based on a survey of 3,008 private sector employers, also found ...
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ArticleFootball Association to discuss sports strategies for a healthy workforce at Employee Benefits Connect
The Football Association (FA) is to discuss how football and other team sports can create a healthier and more active workforce at Employee Benefits Connect 2016.Pete Ackerley, head of participation at the FA, will lead an interactive roundtable discussion at the one-day event, alongside Nigel Hargreaves, commercial director at Goals ...
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ArticleCostco to increase entry level pay
Costco Wholesale Corporation is to increase entry level pay for its employees in the US and Canada to at least $13-13.50 an hour.The membership retailer, which employs some 205,000 full and part-time staff worldwide, currently pays a starting rate of $11.50-12 an hour in the US and Canada.This is the ...
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ArticleLearn whether car salary sacrifice risks have become a reality at Employee Benefits Connect
Those attending Employee Benefits Connect can gain insight into the potential risks around car salary sacrifice arrangements, and how to select risk mitigation approaches that best suit their organisation.In the session ‘Salary sacrifice for cars: evolving solutions and the truth about risks’, Claire Evans, head of fleet consultancy at Zenith, ...
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AnalysisHow will the national living wage impact reward strategies?
Need to know:Businesses should analyse the cost implications for payroll and earnings-linked benefits.Salary sacrifice arrangements could result in non-compliance by bringing pay below the new £7.20 hourly rate.Investing in the workforce through employee benefits can drive productivity and thereby help mitigate higher wage costs over the long term.In his 2015 ...
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Case StudiesStarbucks to extend national living wage rate to all staff and offer London premium
All employees working in Starbucks UK-owned stores are to be paid at least the national living wage rate of £7.20, including apprentices and those aged under 25. The coffee chain’s all-employee approach to the new rate of pay will benefit more than 4,500 staff members.From April 2016, baristas’ base pay ...
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Case StudiesDanwood introduces national living wage for all employees ahead of April deadline
Print and document solutions firm Danwood introduced the national living wage rate in January 2016, three months ahead of the statutory implementation date set by the government. Although the £7.20 hourly rate is only mandatory for those aged 25 and over, Danwood has established the national living wage as its ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 18 and 24 February 2016: British Gas case ruling confirms that commission must be included in holiday pay calculations.How will the changes to the lifetime and annual allowances affect higher earners?Self-parking chairs steer into place in Japanese offices.89% say wellness programmes ...
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Article20% to maintain pay differentials impacted by national living wage
A fifth (20%) of respondents will maintain pay differentials between employees affected by the national living wage and their managers, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Resolution Foundation.The Weighing up the wage floor: employer responses to the national living wage report, which ...
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ArticleSam Bowman: How should employers position high executive pay in the current financial climate?
According to the High Pay Centre, chief executives of large firms are overpaid. They are certainly paid a lot: the average FTSE 100 director is paid £2.4m annually, and the average chief executive officer (CEO) is paid £3.3m.But does this mean they are overpaid? No. Most people agree that it’s ...
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ArticleStefan Stern: How should employers position high executive pay in the current financial climate?
Not everyone works for a FTSE 100 company, of course, but the biggest bosses create the most influential benchmarks. So when Tuesday 5 January came along, and High Pay Centre data showed that by the end of the day the average FTSE 100 boss would have been paid what the ...
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ArticleAlex Bryson: How should employers position high executive pay in the current financial climate?
The current financial climate is characterised by great corporate uncertainty, best illustrated by high volatility in share prices, but also real wage stagnation for most and huge earnings inequality driven by those at the top. Against this backdrop the public may ask: shouldn’t firms be focusing on pay increases for ...