All Research news articles – Page 22
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Towers Watson research: Pay issues are most important HR priority in financial services sector
A third of HR professionals from the financial services industry view pay issues as the most important HR priority, according to a poll conducted by Towers Watson.The Towers Watson Global Financial Services HR Study 2011, which involved 130 HR professionals from over 60 of the largest global banking and financial ...
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Prudential research: Retirement income gender gap has reduced
The retirement income gap between men and women has shrunk by £900 to £6,500 since last year, according to new research from Prudential.The Class of 2011 study, which surveyed employees planning to retire this year, found that the average woman expects an annual income of £12,900 compared with an average ...
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High Pay Commission research: Executive pay is grossly unequal
Wage disparity between the UK’s high earners and the rest of the working population is grossly unequal, according a report from the High Pay Commission.Its report More for less: what has happened to pay at the top and does it matter? found that the top 0.1% of UK earners will ...
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Towers Watson research: FTSE 100 firms preparing for 2012 pension reforms
The majority of FTSE 100 firms are preparing for the 2012 pension reforms, according to research by Towers Watson.The annual FTSE 100 Defined Contribution Pension Scheme Survey found that 90% of the FTSE 100 have already considered the impact that changes will have on their businesses and employees.The survey found ...
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Mind research: Employers should make staff wellbeing a corporate priority
Organisations of all sizes should make staff wellbeing a corporate priority and introduce workplace mental health policies that promote wellbeing for all staff, tackle work-related mental health problems and support staff who are experiencing mental distress.According to mental health charity Mind's Taking care of business campaign, which surveyed over 2,000 ...
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CareerBuilder research: Employers leave negotiating room when providing salary increases
More than two-thirds (70%) of employers have room for manoeuvre when offering contracts, according to a poll by online job website CareerBuilder.co.uk.Almost half of respondents (49%) said they leave some negotiating room when providing salary increases to current employees, while one in ten think less of candidates who do not ...
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PMI Health Group research: Most employers are unaware of the effectiveness of workplace counselling
More than two-thirds of organisations are unaware of how effective counselling can be in treating work-related stress or depression, according to independent research commissioned by PMI Health Group.Most organisations (85%) surveyed said they would consider offering counselling to staff but 69% do not believe it can tackle stress-related absenteeism on ...
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IDS research: Basic salary for NHS chief executives rises by 4.5%
Median total earnings for NHS trust chief executives in England reached £158,800 last year, reveals the NHS Boardroom Pay report from Incomes Data Services (IDS).According to IDS, 12% of NHS non-medical chiefs earned more than £150,000 last year, while 69% of NHS medical directors earned more than £150,000 over the ...
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Policy Exchange research: Public sector receive 43% more in pay and pensions than private sector
Public sector staff receive 43% more in pay and pensions than employees in the private sector, according to research from think-tank Policy Exchange.The research, Public and private sector terms, conditions and the issue of fairness, shows that despite the coalition government’s attempt at pay restraint, public sector salaries continued to ...
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Canada Life research: Most employees would move jobs for better benefits
More than half (52%) of employees would take a job at a new organisation if it offered better benefits, according to research from Canada Life Group Insurance.Of those who would move organisations for better benefits, 13% would do so because they value benefits highly, and 19% because of the prospect ...
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Xafinity research: Pension liabilities climb to £1.5 trillion
Pension scheme liabilities have climbed to £1.5 trillion, according to the Xafinity Corporate UK Pension Scheme Model.Based on assumptions as at 30 April, higher asset values have tempered the increase a little, but the aggregate deficit has now reached £430 billion.Hugh Creasy, director at Xafinity Corporate Solutions, said: “The benign ...
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IDS research: Median pay award remains steady at 2.5%
The median pay award in the UK remained steady at 2.5% in the three months to March 2011, according to the latest IDS Pay Report by IDSPay.co.uk.Some 61% of all pay deals were recorded in a range between 2% and 3% inclusive, while 83% of settlements were at 2% or ...
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Benefits Research 2011: Benefits strategies
The economic difficulties of the past few years have inevitably left their mark on organisations. Tough circumstances have seen employers focus on getting the best possible return for their investment, while working to sustain staff motivation and engagement through difficult situations, such as redundancies and other cost-cutting exercises.These remain key ...
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Portus Online research: Law partners value perks
Some 84% of partners at UK law firms say a comprehensive benefits package is important, but this is not always reflected in the packages organisations provide, according to the HR in Law Equity Partner Benefits Survey published by Portus Online.The research, involving 48 law firms, found 84% do not offer ...
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Health Shield research: Fitness is one of fastest growing healthcare benefits
Fitness options are one of the fastest-growing and most popular healthcare benefits, according to research by cash plan provider Health Shield.A survey of more than 20,000 cash plan members, found that in 2010 65% of 18 to 24-year-olds said they valued having the fitness benefit as part of their health ...
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Benefits Research 2011: Responsibility for and branding of benefits
Who is responsible for organisations' benefits decisions has changed little in recent years. As reward, compensation and benefits have increasingly been recognised as an HR specialism, the profession has seen a rise in status. This is reflected in an increase in responsibility given to compensation and benefits or reward directors ...
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Benefits Research 2011: How employers offer benefits
Most employers still offer traditional core benefits to at least some of their employees. But beyond this, where employers offer benefits through another mechanism, the market has seen a significant shift in the way perks are offered, largely because of product and provider evolution.In recent years, this has resulted in ...
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Benefits Research 2011: Core benefits provision
Apart from the occasional switching of the benefits in first and second place, there has been little change in the top core benefits offered to all staff over the past seven years. This year, life assurance (also known as death in service) is the most commonly offered core benefit just ...
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Benefits Research 2011: Voluntary benefits provision
Voluntary benefits schemes have advantages for both employers and employees. For employers, they can be a cheap, cost-effective way to offer benefits, particularly if budgets are limited, or they are looking to provide something extra at little additional cost. For employees, voluntary benefits can help stretch their salaries a bit ...
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Benefits Research 2011: Benefits offered through salary sacrifice
Given the tax and national insurance (NI) savings that are up for grabs when offering tax-efficient benefits through salary sacrifice, it is perhaps not surprising that 93% of respondents offer benefits on this basis to some, if not all, of their workforce. This is a rise of six percentage points ...