research – Page 55
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Administration
More employers are outsourcing the administration of flex, and measuring the success of their scheme is becoming a greater priority, says Nicola SullivanAlthough the proportion of respondents that manage their flex plan fully in-house has continued to fall, it is still the most popular way to administer a scheme. Six ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Impact of legislation
Forthcoming pension reforms and changes to high earners pensions tax relief have affected attitudes to flex, but some employers are still unsure, says Jennifer PatersonA significant number of employers still do not know how the 2012 pension reforms have affected the way they view pensions in relation to flex. In ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Tax-efficient benefits
With government tax changes on the way, more and more employers are keen to cash in on tax and NI breaks through flexible benefits, says Jennifer PatersonOffering perks with tax- and national insurance (NI) breaks has become a popular way to redirect cash back into a flexible benefits scheme. Popular ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Benefits on offer
Voluntary benefits are increasing as the main precursor to flex, while childcare vouchers and bikes for work continue their rise in popularity, says Jennifer PatersonMaking the transition to flexible benefits requires a change in how staff think about their perks. The manner in which benefits are offered or communicated before ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Structure
The trend for employees to be able to trade their benefits up or down continues, and many staff are active in making changes to their package, says Nicola SullivanHow flexible benefits schemes are structured has remained fairly consistent in recent years, although the definition of flex has changed quite a ...
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Employee Benefits/Towers Watson Employee Benefits Research 2011: Attitudes
As the recession is replaced by the age of austerity, many employers are looking to flex as a cost-efficient way to keep employees motivated, says Jennifer PatersonOnce again, the most commonly cited advantage of running a flex scheme is that it enables staff to tailor benefits to suit their needs ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Key findings
The survey, carried out in January 2011, is based on 379 responses from Employee Benefits' readers and users of www.employeebenefits.co.ukKEY FINDINGS38% see flexible benefits schemes being integrated into wider reward platforms in the future36% will consider introducing salary sacrifice around pensions within flexible benefits as a result of the incoming ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011
Download a PDF of the Employee Benefits/Towers Watson Flexible Benefits Research 2011†Key findingsAttitudesStructureBenefits on offerTax-efficient benefitsImpact of legislationAdministrationAlternatives to flex†Editor's commentWill flexible benefits schemes as we know them still exist in years to come? This question is currently the subject of much debate as product and provider evolution in the ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Sponsor's comment: Adapting to a world of change
Jacqueline Otten, director of flexible benefits consulting at Towers Watson, says flex can play an important role in the changing benefits landscapeRecently, I have often had the feeling that everything is on the move, changing, transitioning around us - and the benefits world is no exception. New legislation and changes ...
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PensionsFirst research: Funding deficits of FTSE 100 pension schemes have fallen
The funding deficits of FTSE 100 pension schemes have reduced, according to research conducted PensionsFirst(PF).The latest PF Risk Report, a monthly analysis of defined benefit (DB) pension risk for UK FTSE 100 firms, found that the proxy funding deficit now stands at £84 billion, compared to £134 billion in August.†Despite ...
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Randstad research: Few employers have assessed impact of Agency Workers Regulations
Only 7% of UK employers have conducted an assessment into how they will be impacted by the Agency Workers Regulations (AWR), according to Randstad’s Shifting Sands report.Over a third (37%) of respondents admit they are unfamiliar with the regulations.The AWR, which will come into force on 1 October 2011, will ...
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Executive Offices Group research: Flexible working enhances productivity
The majority (87%) of respondents to the Executive Offices Group’s (EOG) Customer Service Survey said the greatest benefit for an employer offering flexible working is an increase in the efficiency and output of staff.Respondents to the survey, which included entrepreneurs and small and medium enterprises (SMEs) from the financial services, ...
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Working Families research: Employers prepared for additional paternity leave
More than half (60%) of employers have already updated their policies to reflect the introduction of additional paternity leave (APL) and additional statutory paternity pay (ASPP), according to a survey carried out by Working Families.The APL Survey, which polled 250 employers, aimed to determine UK organisations’ readiness for the changes ...
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ALD Automotive research: Financial directors more concerned with rising fuel costs than VAT increase
Over half of UK financial directors (53%) are more concerned about the impact of the rising price of fuel on their business than the recent VAT rise, according to research from ALD Automotive.The ALD corporate survey also found that one in ten respondents would expect their business to make redundancies ...
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Aviva research: Employee wellbeing is primary concern during long-term absence
Over half of employers (61%) said their primary concern when an employee goes on long-term absence is the individual's health and wellbeing, according to Aviva UK Health’s 360 Degree Absence Management study.A further 23% were anxious about the pressure this absence would put on other employees’ workloads.Nearly half (50%) of ...
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Standard Life research: Employers feel responsible for employees’ financial security
Eight in ten (80%) employers feel responsible for their employees’ financial security, with nearly a quarter (22%) feeling primarily responsible.†According to Standard Life’s Insights into Financial Responsibility (IFR) report, 65% of employers believe employee communication has improved over the past five years. However, almost the same number of employees (64%) ...
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Wilkins Kennedy research: Staff participating in payroll giving falls
The number of employees who give money to charity through payroll has fallen by 30,000, according to research from accountancy firm Wilkins Kennedy.In the past 12 months, the number of employees taking part in payroll giving fell from 754,000 to 724,000. This has previously peaked in 2007/08 with 758,000 members.Although ...
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Ortus research: HR professionals' incomes rose in 2010
The incomes of HR professionals’ rose by 12% in last year, according to research by HR recruiter Ortus.The increases were fuelled by higher-than-expected bonus payments with £9,800 paid in bonuses for every HR worker in the city and the south-east. Ortus' survey of almost 900 HR professionals also showed the ...
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CIPP research: Payroll giving popular among pay professionals
Payroll giving is popular among payroll professionals, according to research by the Chartered Institute of Payroll Professionals (CIPP).The CIPP Payroll Giving Schemes survey found that nearly three-quarters (73%) of payroll professionals operated payroll giving within their organisations.Of those that do not run a scheme, 18% said they are considering implementing ...
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PWC research: Employers to use more non-financial rewards to motivate staff
Organisations in the UK will use more non-financial rewards to motivate staff, according to a PwC’s 14th PwC Global CEO survey.The survey is based on 1,200 interviews conducted from September to November 2010 with CEOs in 69 countries.†The UK data is based on 71 interviews conducted with UK-based CEOs.While 58% ...