research – Page 60
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Aviva research: Half of employers offer at least one group risk benefit
Around half of employers (51%) offer one or more group risk benefits to staff despite pressures to cut costs in the challenging economic environment..Of the 200 employers that responded to Aviva's annual Health of the Workplace survey, almost a third (31%) said they offered private medical insurance.Around 29% offer life ...
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Aviva research: Majority of UK adults to work beyond retirement age
Almost 70% of UK workers plan to stay in employment past their current standard retirement age but few are financially prepared for when they do leave work.Aviva’s Real Retirement Report research reveals that that those on a countdown to retirement (aged 55 to 64) have falling household incomes and low ...
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Research: Music in the workplace boosts staff morale
Research this week showed that playing music in the workplace is a cost efficient way to improve staff morale.A survey of 1,200 workers conducted by the MusicWorks campaign, which aims to encourage businesses to play more music, found that 71% of employees wanted music played in the workplace. It also ...
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PPF research: Pension schemes fall back into deficit
The deficit of the UK’s largest defined benefit (DB) pension schemes worsened in April 2010 after being in surplus in the previous month, according to research from the Pension Protection Fund (PPF).The aggregate funding (total assets minus total liabilities) of almost 7,400 DB schemes has swung from a surplus of ...
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Benefits Research 2010: Responsibility for and communication of benefits
The past few years have seen the increasing development of reward, compensation and benefits into recognised HR specialisms. As the profession has risen in importance and status, there has been a corresponding rise in the responsibility compensation and benefits or reward directors and managers have for benefits decisions in their ...
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Benefits Research 2010: Employers' attitudes to and evaluation of benefits
With finance directors increasingly putting every area of an organisation's expenditure under the microscope, it is perhaps not surprising that this year has seen a substantial rise in the percentage of employers that evaluate the effectiveness of their benefits strategy. More than half (52%) say they now do so, compared ...
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Benefits Research 2010: Strategies used by employers
The economic difficulties of the past few years have focused employers' minds firmly on getting the best possible return on any investment they make.When it comes to investing in reward and benefits for staff, organisations have taken a number of steps to reduce or control costs, including freezing pay, reviewing ...
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Benefits Research 2010: who are the respondents; key findings
The aim of this study was to find out which benefits UK employers offer their staff and how these are delivered. We wanted to find out the impact of the benefits strategies employers use and the issues that shape them, such as what employers have done to weather the recession ...
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The Employee Benefits/Alexander Forbes Benefits Research 2010
Research: Who are the respondents; key findingsResearch: Benefits strategiesResearch: Employers’ attitudes to and evaluation of benefits strategiesResearch: Responsibility for and communication of benefitsResearch: How employers offer benefitsResearch: Core benefits provisionResearch: Voluntary benefits provisionResearch: Benefits offered through salary sacrificeResearch: Flexible benefits provisionResearch: Changes employers have made to their benefits packagesSponsor’s comment: ...
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Samantha Gee moves to Cancer Research UK
Cancer Research UK has appointed Samantha Gee as director of strategic reward and resourcing. Gee moves to the charity sector from accountancy firm KPMG, where she has worked for 11 years, the last six as head of reward. Gee's other HR experience includes four years at DSG International and three ...
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Benefits Research 2010: Sponsor's comment: Placing a high value on employee benefits
As the UK pulls out of recession, employees will become increasingly confident about their market value and more demanding in their expectations from their current job and employer, says Stephen Watson, head of DC operations, Alexander Forbes Financial Services.It is therefore vital that employers start to think now about how ...
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Benefits Research 2010: Changes employers have made to their benefits provision
Employers that invest the time, effort and money required to offer benefits to their workforce will want to ensure they gain the best possible return. In the long run, keeping a benefits package fresh and relevant to employees is an excellent way to ensure staff remain engaged and interested in ...
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Benefits Research 2010: Flexible benefits provision
Flexible benefits schemes have been something of a slow burner in the benefits world. Despite being the subject of much discussion and debate in the industry, their popularity has been relatively slow to take off. Although the number of employers offering flex schemes is increasing, this growth has occurred at ...
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Benefits Research 2010: Benefits offered through salary sacrifice
Given the tax and national insurance (NI) savings that are available when offering tax-efficient benefits through a salary sacrifice scheme, it is perhaps no surprise that 87% of respondents offer benefits through this type of arrangement to some, if not all, of their workforce.Employers that do not offer perks on ...
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Benefits Research 2010: Voluntary benefits provision
During the economic downturn, voluntary benefits schemes have been a way for employers to help their employees' salaries stretch a little bit further. Giving employees access to discounted products and services through a voluntary benefits scheme is also a cost-effective way of offering perks to staff, or boosting a benefits ...
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Benefits Research 2010: Core benefits provision
Over the past six years, there has been little change in the top benefits included in employers' traditional core packages. Just as in 2004, this year, life assurance (also known as death-in-service) is the most commonly offered core benefit.The growing prominence of total reward strategies has led to more incidences ...
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Benefits Research 2010: How employers offer benefits
Most employers still offer traditional core benefits, but over the past six years, the percentage that offer benefits through another mechanism – via a flexible benefits scheme, on a voluntary basis or through a salary sacrifice arrangement – has risen steadily. In 2004, for example, 37% of respondents offered a ...
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More people planning to save for pensions, says research
The number of people planning to save for a pension has risen by 12% since 2009, according to the MoneyMood Survey from Legal and General.One third (32%) of approximately 940 people polled in 2010 intend to save for a pension, a significant rise from the 20% who were considering it ...
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PensionDCisions research: most DC plans to review default option
More than half (54%) of defined contribution (DC) plans intend to review or change their default strategy in the near term. This figure is up from 20% in 2009.The findings are part of the 2010 PensionDCisions UK Sponsor Default Survey, which polled 62 large UK plans, representing 630,000 DC members ...
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Research: Employees move on as pay freezes are lifted
Even though a quarter (24%) of employers who implemented pay freezes during the recession have now lifted them, 41% of office workers surveyed expect to move jobs over the next twelve months, according to a study from international recruiters Badenoch & Clark.The study, which polled more than a thousand office ...