All articles by LouronPratt – Page 52
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AnalysisTop tips for using data to showcase return on investment in a benefits strategy
Need to know:With the range and availability of benefits increasing, and sources of data growing, employers must consider how to best harness data to showcase the value of benefits spend.Using a multi-layered approach to highlight pain points or areas of interest, and measuring data around these, will help to ensure ...
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Case StudiesHays uses data to showcase return on benefits platform
Since recruitment organisation Hays updated its benefits strategy with the introduction of a flexible benefits platform in November 2018, it has used data to showcase the return on investment (ROI). Based on the needs and demands of its employees, as identified through its annual engagement survey, Hays focused on aligning ...
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ArticleDaimler rewards 130,000 employees in Germany with profit-sharing bonus
Automotive manufacturer Daimler is rewarding 130,000 members of staff based in Germany with a one-time bonus, based on its latest financial year results and to recognise employees' hard work during 2019. Employees who have enrolled in the organisation's profit-sharing scheme will receive a bonus of up to €597 (£501) with ...
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ArticleStarling Bank awards shares to engage 800 employees with business success
UK digital banking organisation Starling Bank is awarding shares to all 800 employees following a successful investment from several investors, with a goal of allowing staff to benefit directly from business success. The organisation has raised £60 million from its existing investors, Merian Global Investors and JTC, which will bring ...
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ArticleSeven in 10 employers witness presenteeism during winter months
Seven in ten (71%) of business leaders admit to having witnessed presenteeism among their workforces during the winter period, according to research by recruitment organisation Robert Half UK. Its study of more than 600 leaders also found that 62% of employers believe presenteeism rises during the school holidays, while more ...
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ArticleAllianz Partners UK signs Time to Change mental health commitment
Insurance firm Allianz Partners UK has reinforced its commitment to addressing employee mental health by signing the Time to Change Employer Pledge. The pledge marks a commitment to change the way an organisation thinks about and responds to workplace mental health problems. It also requires employers to implement a 12-month ...
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ArticlePhoenix Group recognised as exemplary carer-positive employer in Scotland
Pensions consolidator Phoenix Group has been recognised by non-profit organisation Carer Positive, operated by Carers Scotland, as an exemplary carer-positive employer in Scotland. The award, announced today (11 February 2020) demonstrates the support that Phoenix Group provides for working parents within its organisation. Phoenix Group was awarded the ‘exemplary’ level ...
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ArticleHalf want employers to offer more financial wellbeing support
Half (50%) of employees want their organisations to offer more guidance around improving their financial situation, according to research by Wills Towers Watson.The research, which surveyed 40,000 employees at medium and large private sector organisations across 27 countries between July and September 2019, also found that 62% of employees have ...
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ArticleUnions reject 2% pay offer from Local Government Association
Three unions representing council employees in England, Wales, and Northern Ireland have rejected a 2% pay offer by local government employers that would affect more than a million local employees. In the summer of 2019, the trade unions Unison, Unite and GMB submitted a pay claim that would mean the ...
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ArticleMerchant Navy Officers Pension Fund completes £1.6 billion buy-in agreement
The Merchant Navy Officers Pension Fund (MNOPF), worth approximately £3 billion, has reached a £1.6 billion buy-in agreement with Pension Insurance Corporation (PIC).The buy-in, announced today (10 February 2020), covers members affected by fund’s longevity swap, which was completed in 2014, was structured as an insurance agreement between the trustee ...
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ArticleEXCLUSIVE: Discover how technology drives performance at Connect 2020
EXCLUSIVE: Justine Woolf, director of consulting at Innecto, part of the Personal Group Family, will discuss how embracing technology and taking a broad view of the employee lifecycle can help employers boost motivation and engagement at Employee Benefits Connect 2020.The session, titled 'Reward to drive peak performance in the dynamic ...
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ArticleHMRC confirms changes to IR35 will only apply to services provided after 6 April 2020
HM Revenue and Customs (HMRC) has today (7 February 2020) announced changes to the operation of the off-payroll working rules (IR35) coming into force after 6 April 2020; this comes as a result of the government's ongoing review into the implementation of the reforms, which is due to conclude this ...
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ArticlePoll: Two-thirds use awareness days to prompt mental health discussions
Employee Benefits poll: Two-thirds (67%) of employers use awareness days to prompt mental health discussions. A poll of www.employeebenefits.co.uk readers, which received 30 responses, found that awareness days, such as Time to Talk, and Blue Monday aid 67% of respondents in prompting mental health discussions among their employees. Further findings ...
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ArticleAWH Group Pension Scheme completes £2.3m buy-out
The AWH Group Pension Scheme has completed a bulk annuity buy-out transaction worth £2.3m. The AWH Group Pension Scheme provides for employees of specialist textile manufacturer AW Hainswoth; the transaction was insured through Aviva, and was completed by K3 Advisory and H&C Consulting Actuaries.Through the process of this buy-out, the ...
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ArticleGardner Leader gives 135 employees unlimited paid holiday
Law firm Gardner leader has launched an unlimited paid holiday policy for all of its 135 employees, rolling the scheme out to four offices across the South East and London.The scheme was launched on 1 February 2020, following a successful 12-month trial during 2019. The policy allows for unlimited annual ...
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Poll: What additional pay gaps does your organisation currently measure?
[polldaddy poll=10502285]
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Article7,000 Barcadi employees across the globe spend working hours visiting local bars
Something for the weekend: This week, Bacardi is asking 7,000 employees to take time out of their working days to go out and visit bars in more than 100 cities across the world, for more than just the usual Friday lunchtime pint. The 'Back to the Bar' initiative aims to ...
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ArticleThe top 10 most read stories: 30 January - 5 February 2020
The top 10 most read stories on www.employeebenefits.co.uk between 30 January and 5 February 2020 were: Imperial College Healthcare ends outsourcing for 1,000 service staffEXCLUSIVE: Gympass signs charter to prioritise employee mental healthProvision of workplace perks has increased by 160% over four yearsTwo NHS trusts pilot health and wellbeing platform ...
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ArticleEmployee Benefits Awards 2020 final deadline fast approaching
HR and reward professionals who want their team or organisation to be in with a chance of winning a coveted trophy at the Employee Benefits Awards 2020 now have one last opportunity to submit entries. Due to an influx of enquiries, the deadline for award submissions has been given a ...
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ArticleFinland to equalise parental leave allowances
Finland’s government will equalise all parental leave, regardless of gender, to give working fathers more time to spend with their children and to promote gender equality. As a result of this reform, which will come into force in 2021 at the earliest, both parents will receive a quota of 164 ...