Research news 1 – Page 25
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Cycle to Work Alliance research: Bikes-for-work schemes improve employee engagement
The majority (89%) of employers believe bikes for work is an important tool for improving employee engagement and 98% of employees said they would encourage their colleagues to take part in the scheme.The Cycle to Work Alliance’s Behavioural Impact Analysis, which had over 44,500 respondents, examined the benefits of the ...
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SEI research: Meeting funding goals is top pensions priority in 2011
Formulating a plan for meeting funding goals (75%) and making a scheme design change (73%) are the top two priorities this year for executives overseeing pension schemes for their organisation.According to a poll by SEI on the Top Pension Priorities for Pension Scheme Sponsors in 2011, a further 70% said ...
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Clear Path Analysis research: Interest in bulk annuity transactions growing
UK pension schemes have seen a growth in willingness to enter into a bulk annuity type transaction, according to research from Clear Path Analysis.The research for Clear Path Analysis’ upcoming annual report, Pensions de-risking: longevity hedging and buying out, found that 31% of UK based pension schemes claim preparing for ...
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Canada Life research: Staff unaware of financial support when sick
Employees are unaware of the level of financial support they may be entitled to if they were unable to work due to sickness, according to research by Canada Life Group.The research found that one in five (19%) employees did not know how long their employer would continue to pay their ...
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Hay Group research: No link between pay equality and performance
There is no consistent correlation between pay equality and company performance, according to new research from Hay Group.Getting the balance right: the ratio of CEO to average employee pay and what it means for company performance looked at nine different sectors including energy, technology, financial, communications, utilities and consumer.The research ...
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PWC research: Asset management compensation rises
Compensation in asset management firms has risen as fund performance shows signs of improvement, according to research from PricewaterhouseCoopers (PWC).PwC’s annual asset management report found compensation costs as a percentage of net revenues have increased by over 4% over the last financial year.Annual bonus spend as a percentage of pre-bonus ...
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Workplace Giving UK research: Payroll giving should be opt out rather than opt in
Approximately two-thirds (68%) of employees would prefer payroll giving to be an opt-out rather than an opt-in benefit.According to a poll of more than 1,000 employees by Workplace Giving UK, a further 64% said they would want to have a say in which charity the deducted monies went to.Peter O’Hara, ...
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Employee Benefits/Cigna Workplace Absence Research 2011
Download a PDF of the Employee Benefits/Cigna Workplace Absence Research 2011.How employers manage workplace absence strategiesNearly all respondents (98%) record absence in their organisations, and the most popular ways of doing so are through an online HR or payroll self-service system - as used by 35% of respondents. A further ...
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Hay Group research: Pay increases will be higher in 2011
Private sector pay increases in 2011 will be higher than in 2010, at a median 2.5%, while public sector employees will see a rise of only 0.4%, according to Hay Group’s Reward in 2011 report.The majority (82%) of private sector organisations indicated they would increase salaries in 2011. Less than ...
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Grant Thornton staff chose Cancer Research UK as official charity
Grant Thornton staff have chosen Cancer Research UK as the firm’s official charity. The charity was voted in as the chosen beneficiary until summer 2012, with staff pledging to raise £125,000 during the period.Offices across the UK were filled with employees supporting the charity by wearing red and donating to ...
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Morgan McKinley research: Half of Irish employers expect to pay bonuses
Half of the respondents (50.5%) of the Morgan McKinley Irish Employment Monitor expect to pay bonuses at the end of 2010.Those anticipating bonuses expect them to be quite modest, with 45% of managers expecting them to fall in the range of 1- 5% of base salaries, while 38% of respondents ...
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NAPF research: Employers should be able to choose inflation measure
Almost half (48%) of NAPF members which run a defined benefit (DB) pension scheme would use a new legal power to switch from inflation indexation from the retail prices index (RPI) to consumer prices index (CPI).A further 21% said they would not and 31% said they did not know, according ...
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The Work Foundation research: Align employees' priorities with benefits
A deeper understanding of individual employee's priorities and needs may afford employers a degree of scope to change formal employee benefits arrangements as long as these do not alter the core component of the employment deal.Understanding the Deal, the fourth report in the Future of HR series by The Work ...
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PensionsFirst research: DB deficits set to increase
Defined benefit (DB) pension deficits of the top 100 UK companies are set to increase by more than £25 billion within one month.According to PensionsFirst's PF Risk Report, over a year this could result in an increase of around £100 billion in the total deficit, bringing the current deficit of ...
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Robertson Cooper research: Personal resilience is key to wellbeing
Personal resilience is key to wellbeing according to research from business psychology firm Robertson Cooper.The i-resilience online survey of the working population found that the majority of respondents (81%) are confident that they can recover well when things go wrong, however only less than half (48%) believe they flourish when ...
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Friends Provident research: Employees expect to work longer
Employees expect to work beyond the new default retirement age of 66 with 40% planning to work past the age of 70 according to research conducted by Friends Provident.Out of the 1,200 people that look part in the report Visions of Britain 2020: Ageing and retirement, 32% do not have ...
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Aon Hewitt research: Final salary pension scheme deficit is closing up
The pensions deficit of the 200 largest privately-sponsored final salary schemes has reached its smallest level since September 2009, according to research from Aon Hewitt.The deficit stood at £69 billion at the end of October, compared to the £80 billion deficit recorded on 30 September 2010.According to the research, the ...
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Axa research: UK staff among highest retirement savers in Europe
UK employees are among the highest retirement savers in Europe, according to Axa’s bi-annual Retirement Scope survey.They rank just ahead of neighbours in Germany (48%), Italy (47%) and Spain (41%), although many respondents will experience a substantial drop in income at retirement due to lower levels of state benefit in ...
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Origen research: SMEs warned on auto-enrolment
More small and medium enterprises (SMEs) are offering their employees access to a pension scheme when they join the organisation, according to Origen Financial Service's Employee benefits survey.The research found 56% of SMEs offer staff immediate access to their pension schemes, compared with 45% in 2009. In addition, 80% of ...
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Lex Autolease research: Company car voted top salary sacrifice benefit
More than 20% of employers would opt for a company car above other salary sacrifice benefits, according to a survey from Lex Autolease.Conducted among 130 employees, the survey also found 78% of respondents would take up a salary sacrifice car if they had to replace a privately owned one.A similar ...