Research news 1 – Page 26
-
Article
LCP research: A third of employers dissatisfied with group risk offerings
A third (34%) of employers are dissatisfied with their existing benefits arrangements, says the LCP Risk Benefits Survey 2010: Trends in health and welfare benefits.The most common drivers for change include: the desire to extend existing benefits to more employees (26%) and wanting to introduce new benefits (24%).LCP, part of ...
-
Article
Aon Hewitt research: UK salaries set to grow by less than inflation
UK salaries increases are expected to rise but will still be below current inflationary levels.The Aon Hewitt 2010/2011 European Salary Increase Survey found that the average UK salary is expected to rise from 2.5% in 2010 to 2.7% in 2011.However, salary increases are still far below the 2007 pre-recession levels ...
-
Article
Aviva research: Majority of employees would emigrate to improve health and wellbeing
Over three quarters of employees would consider moving abroad to help improve their health and wellbeing, according to new research from Aviva UK Health.The research found that 40% of UK workers would move abroad to improve their health and wellbeing, and 36% believe other countries offer a healthier environment and ...
-
Article
SPC research; Early access to pensions would boost the economy
Around £65 billion could be injected into the economy if employees were granted early access to tax free pensions cash sums from the age of 50, according to a study conducted by The Society of Pension Consultants (SPC).The research also highlighted that a further a £2 billion a year could ...
-
Article
Employee Benefits Live 2010: Cancer Research UK tests staff with employee benefits pilot
During a session called ‘Using reward to support recruitment retention and engagement of key staff’ at Employee Benefits Live on 29 September, Jane Vivier, reward and recognition manager at Cancer Research UK shared the details of the charity’s recent employee benefits pilot.The organisation hand-picked 600 employees from across the business ...
-
Article
PMI/Standard Life research: Nest is viewed as largely irrelevant
The national employment savings trust (Nest) is viewed as largely irrelevant as most of the larger employers plan to rely on existing arrangements to cope with the 2012 pension reforms.This according to joint research from the Pensions Management Institute (PMI) and Standard Life called DC Pulse, an in-depth study of ...
-
Article
PWC research: Half of workers would demand rise if pay is unfair
Almost half (49%) of employees would ask for a pay rise or look for a new job if they found out for certain that colleagues at the same level were paid more.The finding, from a recent poll of 1,148 UK workers commissioned by PricewaterhouseCoopers (PWC), comes as the Equality Act ...
-
Article
Johnson Fleming research: Most pension salary sacrifice offerings are the default option
Employers which use a salary sacrifice arrangement for employee contributions to their organisation’s pension scheme are saving an average of £367.71 per year per member.The figure is the result of Johnson Fleming’s internal research, the Johnson Fleming Salary Sacrifice Analysis, which polled 8,633 employees. Among respondents, the average employee contribution ...
-
Article
Unum research: Well-communicated benefits packages are essential to employee engagement
Well-communicated benefits packages are essential to employee engagement.According to Unum’s Financial protection research, 91% of companies with high levels of engagement (above 80%) communicate details of their benefits via a face-to-face meeting. Printed handouts were preferred for 64% of highly engaged companies.The research also found that an organisation is only ...
-
Article
Scottish Widows research: Pensions vital to employee engagement
Research reveals the importance of pensions provision as an employee engagement tool.Scottish Widows’ Workplace Pension Report found that over two fifths (44%) of employees say the quality of the company pensions scheme is important when looking at potential employers.Furthermore, 63% of employees stated that they would be less likely to ...
-
Article
DWP research: Only 28% of private sector firms offer a pension
Only 28% of private sector organisations offered some form of pension provision for their employees in 2009, down from 41% in 2007.According to the Department for Work and Pensions (DWP) Employers’ Pension Provision Survey 2009, which it polled 2,519 private sector employers, most of the decline in overall provision was ...
-
Article
Mercer research: Majority of organisations reviewing expatriate benefits
Nine out of 10 organisations are planning to review or revise their global expatriate policies, including benefits and allowances, in order to cut costs.According to Mercer’s ‘International Assignments Survey 2010’ which collects data from over 220 multinational firms across all industries, among all regions, benefits (housing, education and home leave) ...
-
Article
Exclusive Mercer research: Technology plays key role in salary sacrifice
More than a third (37%) of organisations are planning to introduce technology platforms to automate their salary sacrifice arrangements in the next 12 months.According to Mercer's Salary sacrifice and technology - evolution research, many organisations will also streamline existing arrangements, while providing greater benefit choice and improved communication through online ...
-
Article
Research: One-third of employers engage staff with face-to-face communication
Although nearly one-third (32%) of employers believe face-to-face communication is still the most effective way to engage staff, two thirds use online communication.Aviva UK's Health of the Workplace Four research shows the intranet plays a key role in the communication of employee benefits.Read more articles on voluntary benefits
-
Article
Simplyhealth research: Employers target staff health and wellbeing
Almost four in five organisations believe they have a responsibility to contribute to society, which is reflected in their benefits.Of the 257 HR respondents to Simplyhealth's Bothered Britain report, in conjunction with Opinion Matters, 75% believe it is important to address all aspects of staff health and wellbeing.Although 37% of ...
-
Article
IDS research: Aim directors' pay breaks £200,000 barrier
Directors of Aim-listed organisations received pay rises averaging 6.1% in the last financial year, and have reached an average of £168,8601.The Executive Compensation Review 354 by Incomes Data Services (IDS), shows the average basic salary of Aim chief executive officers (CEO) has broken through the £200,000 per annum ceiling for ...
-
Article
Pension Capital Strategies research: Pensions buyouts total £2.2 billion
Pensions buy-outs totalled approximately £2.2. billion in the second quarter of 2010, according to figures from Pension Capital Strategies.Rothesay Life confirmed the completion of the largest buy-in deal completed during 2010 with the £1.3 billion buy-in of pension liabilities of the British Airways pension scheme. This deal followed the same ...
-
Article
Towers Watson research: Staff require pensions of 65% of salary to retire
The average employee expects to need a pension of around 65% of their salary before retirement, according to research from Towers Watson.Around 13% expect to need less than half their final salary, 25% expect to need around half their final salary and 27% expect to need a retirement income of ...
-
Article
Medicash research: Men more likely to be absent due to stress
Men are four times more likely than women to phone in sick due to work related stress, according to a survey from Medicash, the healthcare cash plan provider.In the survey of 3,000 workers, 20% of men admitted to taking two sick days in the past month because of stress, while ...
-
Article
Hewitt New Bridge Street research: Executive directors’ bonuses rise
While FTSE 100 organisations have continued to demonstrate some restraint when setting executive salaries, the 2010 FTSE 100 Directors’ Remuneration report from Hewitt New Bridge Street shows that bonuses have increased.The annual report shows the median total remuneration for the highest paid director in the FTSE 100 is just under ...