Research news 1 – Page 13
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Capita Fiduciary Group research: Defined benefit pensions have significant financial impact
Defined benefit (DB) pension schemes have had a significant impact on UK organisations, according to research by Capita Fiduciary Group.The finance director survey: The management and impact of defined benefit pension schemes found that 86% of organisations that continue to operate DB schemes have suffered from a, primarily financial, increased ...
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Scottish Widows research: Employees unaware of contribution levels in pension schemes
Over half (55%) of employees in defined contribution (DC) pension schemes are aware how much they are contributing, according to research by Scottish Widows.The Scottish Widows Workplace Pensions Report 2011 found that 45% of scheme members are either contributing nothing or do not know how much they are contributing.Other findings ...
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Deloitte research: Executive directors see salary rises in 2011 after two-year pay freeze
Most executive directors have seen their salaries rise in 2011 after a two-year pay freeze, according to research by Deloitte.Its Executive directors’ remuneration report provides analysis on basic salary, salary increases, annual bonus payments, details of annual and long-term incentive schemes and pension schemes.The report shows that increases for main ...
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Allen and Overy research: Employers may terminate contracts to curb costs of the Agency Workers Regulations
A third (33%) of UK employers are planning to avoid increased costs associated with the Agency Workers Regulations (AWR) by terminating agency worker contracts before the 12-week qualifying period for equal pay and benefits takes effect, according to research by law firm Allen and Overy.From 1 October 2011, under the ...
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Legal and General research: A third of employees will opt out of auto-enrolment process
Almost half (46%) of employees will stay in their organisation’s pension scheme, while 33% will opt out of the auto-enrolment process, according to research by Legal and General.The research, conducted in July, also found that 21% of respondents did not know which option they would take.The results are a slight ...
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ONS research: Recession causes fall in pension scheme contributions
Total contributions to pension schemes fell from £20.9 billion in 2007/08 to £18.7 billion in 2009/10, largely due to a fall in the number of people contributing during the recession, according to figures by the Office for National Statistics (ONS).ONS' report Pensions trends chapter eight: Pension contributions considers the following:The ...
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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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Advanced Business Solutions research: Employers divided as to where payroll function should sit
Organisations are divided as to where the payroll function sits within the business, according to research by management and information systems provider Advanced Business Solutions.The research, conducted among HR and payroll professionals in the UK and USA, found that 36% believe the payroll function should sit between the HR and ...
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Reabur research: Employees prepared to pay for longer weekends
Over half (52%) of British employees would be prepared to sacrifice a day’s pay for a three-day weekend, according to research by Reabur.The study, conducted among 1,283 full-time workers, also found that 14% would willingly sacrifice half a day’s wages to finish work at lunchtime on a Friday.A further 4% ...
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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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Scottish Widows research: British employees not prepared to discuss salary
Almost half (49%) of British employees are not willing to share salary details with colleagues, according to research by Scottish Widows.The Dare not ask survey found that 27% of respondents would not discuss their pay with friends, and 15% would not talk about salary with their family.Only 24% of respondents ...
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DWP research: Only 15% of young adults are in an employer-sponsored pension scheme
Only 15% of employees aged 16-24 are enrolled in an employer-sponsored pension scheme, according to figures published by the Department for Work and Pensions (DWP).The DWP Family resource survey report shows the percentage of adults with pension provision by age group, demonstrating how these various age groups would be affected ...
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CIPD research: More than half of employees unaware of 2012 pension reforms
More than half (53%) of UK employees are unaware of the 2012 pension reforms, which include the auto-enrolment of staff into workplace pension schemes, according to research by the Chartered Institute of Personnel and Development (CIPD).†The Employee Outlook: Focus on pay and pensions survey found that the employees most aware ...
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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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Hyphen research: Employees prepared to take pay cut for additional annual leave
A third (31%) of UK employees are willing to take a pay cut for additional holiday entitlement, according to research by recruitment solutions provider Hyphen. The research found that 40% of employees in their first three to six months and seven to 12 months (43%) of employment would look for ...
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Standard Life research: Most employers not prepared for auto-enrolment
The majority (93%) of large employers do not yet have firm plans in place to meet the requirements of auto-enrolment, according to research by Standard Life.Its Insight into auto-enrolment research, which surveyed 200 large employers, found just 7% had reached a decision on how they will deal with auto-enrolment, 39% ...
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ReThink Recruitment research: Pay for digital and social media staff on the rise
Senior digital and social media employees have seen their pay soar by almost 70% over the last three years, according to research by ReThink Recruitment.The research found that these employees, known as pay-per-click (PPC) and search -engine optimisation (SEO) staff, now earn average base salaries of approximately £75,000 per year, ...
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Warner Goodman research: Default retirement age legislation tops HR agenda
The removal of the default retirement age is top of the most important issues facing organisations in Hampshire, according to research by Warner Goodman.The study found that 60% of respondents from small to medium-sized enterprises (SMEs) have welcomed the legislation that means employees no longer have to retire at 65, ...
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Aviva research: Over one third of employers that offer food to staff do not offer healthy options
Over one third (38%) of employers that offer food to staff do not provide healthy options, according to research by Aviva.The research, Health of the workplace, which surveyed UK employers and employees about issues relating to workplace wellbeing, also found that 43% of employees said their managers encouraged lunch breaks ...