News – Page 66
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ArticleRubicon Recruitment Group becomes employee-owned
Rubicon Recruitment Group has become employee owned after transferring ownership of 100% of the business to an employee ownership trust (EOT) model.The change to the Dorset-based business, which has since rebranded itself as Rubicon People Partnership, means it is now completely owned by its 30 members of staff.According to Lloyd ...
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ArticlePhoenix Group appoints Wendy Cunningham
Savings and retirement organisation Phoenix Group has announced the appointment of Wendy Cunningham as its new HR chief operating officer.The role is a newly-created one, aimed at elevating the business to become an employer of choice among its peers.Cunningham joins the company after spending 12 years at Experian, where she ...
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ArticlePWC reveals flexible working 'Deal' for employees
Professional services firm PWC will now let all staff in its network choose what times they work best, as well as allowing them to decide whether they do so in a blended (part-home, part-office) way permanently.The company's so-called ‘Deal’ is the result of staff consultation. It gives employees an ‘empowered’ ...
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ArticleVolvo unveils global paid parental leave policy
Volvo Cars has today (1 April) announced the global roll out of its brand new ‘Family Bond’ paid parental leave policy after a successful pilot of the scheme in Europe, the Middle East and Africa.The policy – an all gender-neutral, paid parental leave of 24 weeks at 80% pay – ...
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ArticleAkzoNobel wellbeing month delivers 110 events
Dutch paints and coatings business AkzoNobel has just completed a month’s worth of health and wellbeing initiatives, which saw it squeeze in 110 different activities during March.The organisation's ‘Wellfest’ month was specifically designed to support the health, wellness and happiness of employees and their families in recognition of the fact ...
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ArticleTravis Perkins halves its gender pay gap
Travis Perkins, the trade and consumer hardware retailer, has revealed figures for 2020 which show it has halved its mean gender pay gap.According to its latest pay gap report, the organisation's mean wage difference was 4.8% in 2020, compared to 10% in 2019.The retailer's median hourly rate was even better, ...
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ArticleAmey rolls out new mental wellbeing support
Infrastructure services provider Amey has teamed up with mental health charity Mates in Mind to help widen the conversation among staff about managing their mental wellbeing and resilience.The partnership will see the organisation roll out the charity’s bespoke mental health and wellbeing programmes to staff, starting with online mental health ...
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ArticleGroup protection usage hit by data privacy fears
New research has suggested that slower-than-anticipated uptake of some group protection benefits may be due to data privacy fears.According to a study by Legal and General, 19% of staff questioned who had access to employee assistance programmes (EAPs) revealed that privacy concerns were a barrier to usage – a figure ...
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ArticleRoyal Mail workers set to receive share dividend
Tens of thousands of Royal Mail workers are set to receive a one-off 10p per share dividend after the delivery company announced adjusted operating profits rising to about £700 million in the year ending March 2021.The dividend – more than double what it was just two years ago and the ...
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ArticleDF Capital becomes living wage employer
DF Capital, the small and medium-sized enterprise (SME)-focused bank first founded in 2016, has become an accredited living wage employer.The move means the bank will now pay a salary to all its 85 staff that exceeds the minimum hourly rate of £9.50 for those aged over 25.Employees will be guaranteed ...
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ArticleDechert offers all staff paid leave for Covid-19 jab
Global law firm Dechert has announced it will give paid leave to all employees getting their Covid-19 (Coronavirus) vaccination.The decision, circulated in an internal memo, revealed that staff can book up to eight hours off to get their jabs or use this time off if they have short-term side effects. ...
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ArticleStudy finds mindset key to financial wellbeing
Pensions and investment company Aegon has today (29 March) published research which has analysed the link between financial wellbeing and people’s mindsets.The Financial wellbeing index placed an equal weighting on money factors such as income levels, budgeting skills and affordability of debt, alongside mindset factors such as peoples’ ability to ...
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ArticleThe top 10 most-read articles between 18 March – 24 March 2021
The top 10 most-read stories on employeebenefits.co.uk between 18 March – 24 March 2021 were: Supreme Court dismisses sleep pay claimsHas the role of health cash plans changed during the pandemic?BAE Systems outlines placing mental health at the centre of wellbeing strategiesEmployee wellbeing findings a ‘wake-up call’ for actionBT gives ...
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ArticleCiti appoints new senior HR officer
Investment bank and financial services group Citi has announced it has promoted one of its most experienced HR professionals, Helen Hale, to the role of senior HR officer (EMEA).Reporting to the organisation's head of HR, Hale’s new appointment is the latest in a long line of human resources roles she ...
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ArticleNationwide allows permanent working from home
Nationwide Building Society has announced that all of its 13,000 office staff will be allowed to work remotely – even after restrictions urging people to do so are eased.The move means it has become one of the largest employers to formally introduce permanent working from home.In a statement, the organisation ...
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ArticleBT gives staff £1,500 Covid-19 bonus
Telecoms company BT is to reward its staff with £1,000 in cash and a further £500 in shares as a thank-you for all their hard work during a difficult 12 months of lockdown.The awards will cost the business £110 million when it gives all 59,000 key workers the £1,000 sum ...
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ArticleRothesay secures £6m aviation pensions scheme buy-out
Rothesay and K3 Advisory, the bulk annuity and consolidator, have completed a £6 million pensions buy-out with an unnamed aviation scheme in a deal which insures the benefits of eight pensioners and 31 deferred members.The scheme had already insured the benefits for more than 20 members in 2009 through a ...
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ArticleCitigroup introduces wellbeing focused ‘Zoom-Free Fridays’
Investment bank Citigroup has introduced ‘Zoom-free Fridays’ to prevent staff suffering from burnout and to allow them to better manage their work-life balance.In a internal memo sent to its 200,000+ staff on Monday, the company's new CEO Jane Fraser wrote: “The blurring of lines between home and work and the ...
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ArticleCovid-19 causes one in five employees over 65s to delay retirement
The impact of the Covid-19 (Coronavirus) pandemic continues unabated, with research by Close Brothers today (24 February) revealing it has already forced many older workers into delaying their retirement plans.According to the study, the past year has highlighted the fragilities of many people’s finances. As a result, it found nearly ...
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ArticleEmployees embrace their year working from home
New data marking the one-year anniversary of the UK going into lockdown has revealed that, among civil servants at least, home working has been embraced.The research by pollster Opinium for SAP found that 57% of civil servants questioned said they now had a better work-life balance, while nearly half (49%) ...