Research news 1 – Page 10
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Mercer research: Employers to spend more on high performers in 2012
Employers are planning to spend more on their high performers in 2012, according to research by Mercer.The poll of attendees at Mercer’s 2012 compensation planning in Europe, Middle East and Africa (EMEA) webinar, found that 44% of employers would spend more on their top performers compared to an average performer, ...
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Hays research: Employees concerned about pay and benefits offered by SMEs
Small organisations may be losing out on the most talented employees due to concerns among jobseekers around pay and benefits, according to research by Hays.Almost half (49%) of those surveyed believe salaries are not as competitive as at larger organisations, and over half (55%) believe smaller businesses are not able ...
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Aviva research: A third of employees would struggle financially if off work with illness for a month
Almost a third (30%) of UK employees could survive financially for less than one month if they were receiving statutory sick pay when off work ill, according to research by Aviva.†The survey of 1,000 employees and 500 employers found that just over half (52%) could survive for three months, while ...
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CBI/Harvey Nash research: Pay freezes are decreasing
The proportion of UK employers freezing pay has declined, according to research by Confederation of British Industry (CBI) and Harvey Nash.Staying the Course, the CBI/Harvey Nash employment trends survey, found that, among private sector organisations, only one in eight (12%) respondents plan to freeze pay at their next review.The figure ...
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Hymans Robertson research: 2011 set to be record year for pension scheme risk transfer deals
This year looks set to be a record year for pension scheme buy-ins, buy-outs and longevity swaps, according to research conducted by Hymans Robertson.The Managing Pension Scheme Risk Report Q3 2011 found that the third quarter of 2011 saw over £2 billion of risk transfer deals completed, comprising buy-ins, buy-outs ...
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TUC research: Institutional investors greatly oppose remuneration reports
Remuneration reports draw the greatest opposition from institutional investors, according to a survey by the Trades Union Congress (TUC).However, the TUC’s ninth annual fund manager fund voting survey found that bank remuneration reports were widely supported.A sharp divide in voting stances was reported, as four out of the 22 fund ...
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Specsavers research: One-fifth of employers have no eyecare policy
One-fifth (20%) of employers have no eyecare policy in place, according to research by Specsavers Corporate Eyecare.The research, conducted among 223 organisations in both the public and private sectors, found that 42% of employers use the option of reimbursing eyecare costs through expenses, and 33% purchase eyecare vouchers.Additional findings include:77% ...
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ABI research: Bulk-insured pension fund assets reach £30 billion
Bulk-insured pension providers have reported that pension funds under management totaled £30 billion at the end of 2010, according to research by the Association of British Insurers (ABI).The pension schemes of over 600,000 members are now covered by these bulk buy-outs.In response to increased interest, the ABI and the National ...
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EXCLUSIVE: Jelf research: Half of employers will offer voluntary benefits because of welfare reforms
Almost half (48%) of employers expect to offer more voluntary benefits as a result of government welfare reforms, according to research by Jelf Employee Benefits.The survey, which was conducted in October among 169 small- to medium-sized enterprises (SMEs), found that the reforms introduced in the Welfare Reform Bill 2011, may ...
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ABI research: UK employees unsure about employers' sickness absence benefits
The majority of employees (77%) that have been off sick for more than three months have received, or are currently receiving, NHS healthcare, according to research by the Association of British Insurers (ABI).The ABI Quarterly Consumer Survey found that employers have paid, or are currently paying for 9% of respondents ...
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ComRes research: City workers believe their colleagues are overpaid
Employees in the financial services sector believe that City bond traders, FTSE 100 chief executives and stock brokers are paid too much, according to a survey conducted to mark the 25th anniversary of the ‘Big Bang’ of financial deregulation.The report Value and values: Perceptions of ethics in the City today, ...
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Mercer research: UK employers anticipate below inflation pay rises in 2012
UK employers anticipate pay rises at 3% which is below inflation, according the Mercer’s TRS Quarterly Pulse Survey.The survey also found that organisations in Western Europe predict that their employees will be given pay rises that average 2.7%; the lowest increase across the Europe, Middle East and Africa (EMEA) region.Inflation ...
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Alexander Forbes research: Annuity rates fall across the board
Annuity rates are falling across the board, according to the latest figures from Alexander Forbes Annuity Bureau.This month saw across-the-board falls in male single life annuities as providers again cut their rates. Table topper Aviva reduced its rate by £90 to £5,720 per annum, while second placed Canada Life cut ...
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Towers Watson research: FTSE 100 pension deficits grew by £27 billion in one week
The aggregate deficits of FTSE 100 organisations’ pension deficits grew by £27 billion in one week, according to data from Towers Watson.The consultancy estimates that the deficits of the defined benefit (DB) schemes stood at £8 billion at the beginning of last week, but had increased to £35 billion when ...
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London School of Economics research: Senior executives' pay clearly linked to corporate performance
Senior executives’ pay is clearly linked to the success of an organisation, according to research by the Centre for Economic Performance and the London School of Economics.The study, Firm Performance and Wages: Evidence from Across the Corporate Hierarchy, found that when an organisation’s performance improves, so does pay, but it ...
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Aon Hewitt research: Almost half of employers have closed DB schemes to accrual
Over 40% of organisations have closed their defined benefit (DB) pension schemes to future accrual or are currently in the process of doing so, according to research by Aon Hewitt.The Pension benefit design survey polled 300 organisations with DB arrangements, predominantly in the private sector.Where organisations are closing to future ...
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Grid research: Mental health one of most common causes of sickness absence
Stress-related mental health is one of the most common causes of long-term sickness absence, according to research by Group Risk Development (Grid).The research, conducted among 500 employers, found that stress-related mental health was the second most common cause, cited by 15% of respondents, behind home and family issues, cited by ...
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Scottish Widows research: Gender pay gap affecting women's pension pots
The number of women saving for retirement has risen to 50% in 2011, compared to 43% in 2010, according to research by Scottish Widows.The Scottish Widows women and pensions report 2011, which surveyed 5,200 UK adults, found that, despite this rise in the number of women saving, men are still ...
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Mercer research: Meaningful benefits increase employee engagement
Meaningful benefits, such as personal car leasing schemes and student debt loans, improve employee engagement levels, according to research by Mercer.The What’s working survey, which polled 30,000 employees in 17 countries, found that these types of benefits reinforce an organisation’s appeal as an employer, are immediate and cost effective, and ...
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Aviva research: 84% of younger workers would like financial help from employers
The majority (84%) of younger workers (25 to 35 year olds) would like financial help from their employers in order to plan for their future, according to research by Aviva.The research found that many employees in the 'foundation generation', so called because they are laying the groundwork for their finances, ...