All articles by Marianne – Page 49
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Article23% saving the most they can afford for retirement
Less than a quarter (23%) of respondents are saving the most they can afford into a pension, according to research by Friends Life. Its UK Retirement savings map, which surveyed 18,000 UK adults, benchmarked how active respondents are in saving into a pension. The North East, Scotland and the North ...
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ArticleEmployee Benefits Live 2014 speaker slides
Where speakers have given approval, we have uploaded the slides for sessions at Employee Benefits Live 2014.We would like to say a huge thank you to all our speakers for their inspiration, ideas and input in to Employee Benefits Live 2014. Day 1- 24 September 2014 KN1- Redesigning the? employee ...
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Santander and Samsung drive flex take up with effective communications
Santander and Samsung have a strong focus on communication to help staff make informed decisions and to maximise take up of their flexible beenfits schemes.Speaking at Employee Benefits Live 2014 in a session titled ‘Flexible benefits to drive employee engagement’, Elliot Rees-Davies, head of reward at Santander, explained that the ...
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ArticleNorton Rose Fulbright to hold events on mental health awareness
Norton Rose Fulbright will hold a series of events for staff to highlight the importance of mental health awareness in the workplace in the week leading up to World Mental Health Awareness Day.The law firm will launch its mental health awareness strategy on the week commencing 6 October.World Mental Health ...
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Article31% of UK employers give bonuses to lowest-performing staff
Approximately a third (31%) of UK employers give bonuses to employees with the lowest performance rating, according to research by Towers Watson. The 2014 Towers Watson Global workforce study, which surveyed 32,000 employees including 1,863 in the UK, found that employers are spreading the pay pot more thinly and evenly ...
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ArticleEmployee share plans boost motivation and loyalty
Employees who participate in employee share plans are less likely to be absent and to leave their employer, but more likely to work longer hours and be more satisfied with their roles, according to research undertaken by National Institute of Economic and Social Research (NIESR) and London School of Economics ...
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ArticlePremier Foods to launch share incentive plan
Premier Foods is to launch a share incentive plan (Sip) for its employees.Under the proposed terms of the scheme, which is aimed at increasing employee share ownership, the food manufacturer wlll award 500 free shares to all UK-based employees. Gavin Darby, chief executive officer at Premier Foods, said: “I believe ...
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ArticleOne in four employees do not know how much they pay in to pensions
One in four employees do not know how much they contribute to their workplace pension fund, and many are unsure about how much they should be saving for an adequate retirement, according to research by Scottish Widows.The Scottish Widows pensions report, which surveyed 5,200 UK adults, also found that one ...
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ArticleTwo-thirds of employers recognise importance of company cars
Two-thirds of employer respondents say the company car is an important employee benefit, according to research by Lex Autolease..Its Report on company motoring, which is compiled from independent surveys of more than 1,400 businesses, company car drivers and employees who use their own car for work purposes, also found that ...
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ArticleUniversity of Birmingham launches car salary sacrifice
The University of Birmingham has launched a car salary sacrifice car scheme for its 6,500 members of staff.Through the scheme, which is provided by SGFleet, employees can take up a fully maintained and insured car, with savings available through tax and national insurance efficiencies, as well as corporate discounts. The ...
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ArticleDWP reduces sickness absence levels
The Department for Work and Pensions (DWP) has cut its sickness absence levels from 7.39 per employee per year in March 2013, to 6.87 days per employee per year at March 2014If the DWP has not reduced its average working days lost due to sickness from its April 2013 levels, ...
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Article93% of staff go to work when ill
Some 93% of respondents go into work when ill, according to research by Canada Life Group Insurance.Its research, which surveyed 888 employees, found that this percentage is unchanged from 2013.The research also found that 8% of staff only take sick leave if hospitalised or with no other choice and a ...
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Article52% do not provide financial education for employees
More than half (52%) of respondents do not provide any financial education to employees, according to research by employee benefits adviser firm Secondsight.However, the research also found that two-thirds (67%) of the 1,013 UK employees surveyed claim that they do not receive financial education from their boss, and 77% of ...
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ArticleEqual pay audits and antenatal rights to come into force
Several pieces of new employment legislation will come into force tomorrow (1 October 2014).From this date, employers can be required by employment tribunals to conduct and publish equal pay audits if they are judged to have breached the equal pay provisions of the latest Equality Act.Ingrid Waterfield, a director in ...
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ArticleLV= achieves 95% pensions take up post auto-enrolment
LV= has achieved 95% take up of its pension schemes post auto-enrolment.Speaking in a session titled How pension reform will change workplace pension schemes at Employee Benefits Live 2014, Jamie Barnes, head of sales, retirement solutions at LV=, explained that employers have a key role to play in helping staff ...
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ArticleEmployers need to do more with less
Employers are still facing the challenge of needing to do more around benefits with fewer funds.Speaking in a session on ‘Building the business case for benefits’ at Employee Benefits Live 2014, Nadeen Jackson Barker, HR reward manager at Axa, said employers have to balance the aspects of benefits that are ...
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ArticleManchester Airport Group supports staff with pension choices
Manchester Airport Group has achieved strong employee engagement with pensions by providing support and information to employees when making pension choices.Speaking in a session on ’The employer’s role in helping staff to save for the future’, at Employee Benefits Live 2014 on 25 September, Mark Cliff, reward director at Manchester ...
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Article71% would sacrifice a higher salary for appreciation
Nearly three-quarters (71%) of employees would turn down a higher salary to continue working for an employer that regularly thanks them for their efforts, according to research by One4all Rewards.Its Thank you report, which surveyed employees in more than 1,000 UK organisations, also found that 71% would prefer to work ...
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ArticleAlcoa reduces stress with Global Corporate Challenge
Alcoa has been named the World’s Most Active Organisation for the second consecutive year after 22,000 employees participated in the Global Corporate Challenge.Teams of seven employees from the aluminium manufacturer crossed the globe 417 times in 100 days as part of a virtual challenge to promote good health, friendly competition ...
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ArticleOver 300 Welsh Water employees take up bikes-for-work scheme
Welsh Water (Dwr Cymru) has seen 313 employees take up its bikes-for-work scheme since its launch in August.The organisation promoted the scheme in cnojunction with provider Cycle Solutions, which visited seven key sites across Wales with a virtual shop.This enabled staff to experience some of the bikes and cycling equipment ...