research – Page 38
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MetLife Assurance research: Employers could cut back on recruitment to fund auto-enrolment
Employers may cut back on recruiting new staff to fund auto-enrolment, according to research by MetLife Assurance.Although nearly two-thirds (63%) of finance directors have not addressed the issue, 16% among organisations with more than five employees said they would cut back on recruitment in order to fund the new legislation.The ...
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Simplyhealth publishes guide on tax implications of healthcare benefits
Simplyhealth has published a guide for employers about the tax implications of providing healthcare benefits to staff.The guide, Taxation implications for company-paid healthcare, explains tax implications for both employers and employees. It covers insurance premium tax, national insurance contributions, income tax, corporation tax, and value-added tax.Howard Hughes, head of business ...
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CIPP research: Most employers will throw Christmas party for staff
Most employers will be throwing Christmas parties this month, with a fifth (80%) of bosses saying no to the work festive night out, according to research by the Chartered Institute of Payroll Professionals (CIPP).The annual survey found that more than half (56%) of respondents are getting paid early this month. ...
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Croner research: Significant pay gap between directors at small and large organisations
Directors of small organisations have seen a drop in their pay, while those in large organisations have seen an increase, according to research by Croner.The Directors’ rewards research found that the average 2011 annual pay for directors of small firms, with a turnover of less than £5 million a year, ...
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NAPF research: Number of employers closing final salary schemes has jumped by a third
The number of employers that have closed their final salary pension to all of their staff has jumped by a third, according to research by the National Association of Pension Funds (NAPF).Its latest Annual Survey found that almost a quarter (23%) of pension schemes are now shut to both new ...
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ONS research: Total pay growth down 0.3% at end of 2011
The annual growth rate for total pay, including bonuses, fell by 0.3% at the end of 2011, according to research by the Office for National Statistics (ONS).The Labour market statistics: December 2011 found that the annual growth rate for the private sector fell from 2.4% to 2.1%, and the public ...
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Mercer research: Workers in Western European countries have best statutory paid holiday
Employees in Western European countries have access to the greatest amount of statutory paid holiday in the world, according to research by Mercer.In contrast, employees in Asia Pacific have the lowest levels of statutory paid holiday.Mercer’s Worldwide benefit and employment guidelines, which provide an overview of employee regulation and employment ...
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Government will not abolish tax relief for late-night taxis
The government has changed its mind on withdrawing the tax relief for late-night taxis.In October 2011, the government tasked the Office of Tax Simplification (OTS) with identifying all the tax reliefs, allowances and exemptions, for employers and employees, and review what should be done with them.The OTS recommended that the ...
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Mercer research: Employer pension scheme contributions frozen at 7.2%
Employer pension scheme contributions have been frozen at an average of 7.2% since 2009, according to research by Mercer.The research analysed the defined contribution (DC) pension scheme offerings of more than 300 UK organisations, representing some 1.3 million employees and £14.3 billion in assets.It also found that pension scheme member ...
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CBI/Towers Watson research: EU pension regulations would increase costs for UK employers
A proposed European Union (EU) regulation will increase costs for UK employers managing defined benefit (DB) pension schemes, according to research by the Confederation of British Industry (CBI) and Towers Watson. A view from the top – the CBI/Towers Watson pensions survey 2011 found that two-thirds (69%) of employers are ...
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Glassdoor research: US employees prefer cash bonuses to Christmas parties
Employees in the United States would prefer to receive cash bonuses rather than a work Christmas party, according to research by job-listing firm Glassdoor.An online survey revealed that 72% of US employees cited a cash bonus among their top choices for an employer-funded seasonal perk, followed by a pay rise ...
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ONS research: Managers and senior staff not paid for overtime
Full-time managers and senior staff work 7.6 hours per week more than they are paid, according to figures from the Office for National Statistics (ONS).By comparing data from the Annual survey of hours and earnings, which looks at paid hours, and the Labour force survey, which collects data on total ...
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Morgan McKinley research: Expectations still high in the City for bonuses
Two-thirds (67%) of employees in the financial services sector still expect to receive a bonus in the 2011/12 round compared to 88% last year, according to research by Morgan McKinley.The Bonus expectations survey found that 14% think their bonus will be higher than last year, while 32% expect it to ...
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NAPF research: Pension funds could be more engaged in companies they invest in
A third (31%) of pension funds think they could be more actively engaged in the companies they invest in, according to research by the National Association of Pension Funds (NAPF).More than half (55%) of respondents to the NAPF’s annual Engagement survey, said they have signed up to the stewardship code, ...
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CIPD research: Employers not taking proactive approach to 2012 pension reforms
While the majority (75%) of employers are fully aware of the forthcoming pension reforms, including auto-enrolment, less than one-third (32%) know the date at which the new rules will apply to them, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD's Labour market outlook: focus on ...
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Mercer research: Deficit of FTSE 350 defined benefit pension schemes rises
The deficit of FTSE 350 defined benefit (DB) pension schemes has risen £20 billion over past month, according to research by Mercer. The Pensions risk survey found that the aggregate FTSE 350 DB pension scheme deficit stood at £80 billion at 30 November 2011, compared to £60 billion at 31 ...
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High Court rules index switch for pensions is lawful
The High Court has rejected a claim by public sector unions that the government’s decision to switch from the retail prices index (RPI) to the consumer prices index (CPI) for future pension increases was unlawful.The judicial hearing began on 25 October 2011 to challenge the switch, which was announced by ...
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Close Brothers research: Most UK employers unsure of auto-enrolment staging date
More than three-quarters (77%) of UK organisations do not know when they have to begin auto-enrolling their employees into a qualifying pension scheme, according to research by the financial education division of Close Brothers.The research, which was conducted among 2,000 employers across the UK, found that 12% of organisations have ...
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Bupa research: HR teams take measures to tackle winter absence
Over three quarters (78%) of human resources professionals have implemented policies to try to reduce staff absence in December, according to a poll by Bupa.The Bupa December survey found one-third (33%) of organisations call staff in for questioning if they have more than three isolated days of sickness absence in ...
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Canada Life research: A third of employees want better work-life balance
More than a third (37%) of employees would like a better work-life balance, according to research by Canada Life.The Canada Life research into employee absence, which surveyed 1,226 people in August 2011, asked what incentives could be offered to prevent employees taking time off work.For most respondents, flexible working was ...