All articles by Nicola Sullivan – Page 17
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Article
Two-fifths of men want to work in an all-male environment
While an all-male workforce may make unrequited conversations about football a thing of the past and conveniently abolish an organisation’s gender pay gap, is it really the best way to do business?According to research by Reabur.com, 41% of men believe that the ideal working environment would be all male, largely ...
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Article
Public sector workers set to strike over pensions
A strike by public sector workers over increases to their pension contributions is set to go ahead this autumn.On the last day (14 September) of the annual conference of the Trades Union Congress (TUC), union leaders agreed to start striking on 30 November if the government failed to negotiate on ...
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Article
EXCLUSIVE: Legal and General reduces sickness absence after piloting health programme
Legal and General has reduced its sickness absence figures by 15%, with cost savings of almost £70,000, after piloting a preventative health programme.The insurer reported that, between November 2010 and April 2011, sickness absence figures were 15% lower across the pilot group of 1,000 staff, compared to the same period ...
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Article
Pointon York put up for sale
Pointon York, which provides self-invested personal pensions (Sipps), is up for sale and has had several approaches from prospective buyers.The organisation plans to conduct a formal sales process, whereby it will consider offers from parties interested in its entire issued, and to-be issued, share capital.Pointon York’s board is aiming to ...
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Article
Danish pension provider ATP Group to launch multi-employer trust in the UK
Danish pension provider ATP Group has announced that it is to launch an independent multi-employer trust ahead of the 2012 pension reforms.The trust, Now Pensions, will focus on making it easier for UK employers to comply with auto-enrolment from early 2012.The Now Pensions advisory board is as follows:John Monks, member ...
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Article
Czech army battle against bellies
The Czech army is embarking on a downsizing project, which is designed to slim down its workforce.However, it will be bellies, rather than headcount, that will be reduced as the army cracks down on high levels of obesity among its soldiers.Soldiers will do more exercise and go on a diet. ...
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Article
Economists call for 50% tax rate to be dropped
Leading economists have called on the government to ditch the 50% tax rate for high earners.†In a letter, signed by 20 economists, including DeAnne Julius, chairman of Chatham House and former member of the Monetary Policy Committee, and Bob Rowthorn, professor of economics and fellow of King’s College, University of ...
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Pensions minister Steve Webb calls for short-service refunds to be scrapped
Short-service refunds do not fit in with the government’s aim of getting more people to save for their retirement, according to pensions minister Steve Webb speaking at the annual LCP pensions conference. Short-service refunds allow employees that leave their job in less than two years to receive a default refund ...
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Article
TUC research: Pension pots for FTSE 100 directors worth an average of £3.9 million
Directors of the FTSE 100 firms have amassed pension pots worth an average of £3.9 million, according to research conducted by the Trades Union Congress (TUC).The national trade union body’s ninth annual PensionsWatch survey, which analyses the pension arrangements of 362 directors from FTSE 100 organisations, shows that the average ...
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High Pay Commission research: Bonuses for FTSE 350 directors have increased by 187% over 10 years
The average total earnings of all FTSE 350 directors have increased by 108% and their annual bonus went up by 187% over the last decade, according to research conducted by the High Pay Commission.The rise in remuneration, outlined in the report What are we paying for? Exploring executive pay and ...
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Article
Japanese employees to adopt energy-saving hair cuts
Some organisations ask their staff to take part in carbon-offsetting programmes or to switch off their computers as part of efforts to protect the environment and boost their corporate social responsibility (CSR) credentials.However, Japanese construction firm Maeda Corporation is getting staff to use their heads to save energy.In response to ...
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Article
ACA research: Employers look to cut pension spend ahead of auto-enrolment
A third of larger employers are looking to cut their spend on workplace pensions ahead of auto-enrolment, according to research by the Association of Consulting Actuaries (ACA).Out of the 468 employers surveyed for the 2011 Pensions trends survey, just over a quarter have budgeted for the cost of auto-enrolment.The larger ...
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Article
Friends Life harmonises family-friendly policies
Post-merger Friends Life has begun to harmonise family-friendly benefits and policies in an effort to retain working mothers.The financial services firm, created by the merger of Friends Provident and the life assurance business of Bupa and Axa UK, has been identifying heritage policies and benefits it wants to extend across ...
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Article
Chartered Management Institute research: Gender pay gap closes at junior executive level
Female executives are earning as much as their male counterparts at junior executive level, according to research by the Chartered Management Institute (CMI).Earning an average salary of £21,969, female junior executives in the UK are currently being paid marginally more (£602) than male executives at the same level, whose average ...
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Article
Claw-back policies are not enough to tackle pay gap between high and low earners
Employers’ increasing provisions to claw back pay from top executives who perform poorly will not be enough to eliminate pay disparities between senior employees and the rest of the workforce.A survey by PricewaterhouseCooper’s (PWC) survey found that by next year around one third of organisations will include claw back mechanisms ...
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Article
JD Wetherspoon launches employee discounts scheme
JD Wetherspoon has launched an employee discounts scheme for its 26,000 employees.The scheme, which is provided by Asperity Employee Benefit and provides access to online and in-store shopping discounts at more than 2000 retailers, was taken up by 7,000 employees in the first two weeks after its launch at the ...
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Analysis
Different reward for a new generation
If you read nothing else, read this …Changing demographics and technological advances have increased the potential and demand for flexible working practices.Against the backdrop of an uncertain economic environment and unaffordable house prices, pay is becoming more important to graduate recruits.Coaching and development opportunities are highly valued by generation Y.Case ...
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Case Studies
Case study: Grant Thornton plays fair with graduates
Grant Thornton also offers financial modelling tools and financial assistance to graduates, who may be starting work in significant debt.Todd says internships and work experience are an important way to identify talent and it is essential to treat young people on such programmes fairly. “We do not get our interns ...
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Case Studies
Case study: John Lewis targets young tastes
The John Lewis Partnership ensures its reward package is up to date by including fun benefits, such as giving access to a box at the O2 arena in London, while communicating perks using the latest advances in technology.In May, it rolled out total reward statements for the 75,000 staff in ...
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Article
CA Technologies rolls out global wellness programme
CA Technologies is rolling out its global wellness programme to Germany, Austria, Spain, Portugal and Israel in its continued efforts to boost engagement and morale, while controlling healthcare costs.Since launching the programme in the UK, CA has seen its private medical insurance claims fall, resulting in a saving of £37,500.The ...