research – Page 62
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B&CE research: low opt out for auto-enrolment
Nearly two thirds of employees in the construction industry intend to contribute to the National Employee Savings Trust (Nest) pensions plan, according to research from B&CE, the employee benefits provider to the construction industry.Respondents, who are B&CE clients, indicated that 72% of them intended to contribute 4% of earnings and ...
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Group risk perks valued, research shows
Employers still feel morally obliged to protect staff by providing group risk benefits, despite the difficult economic climate over the past 12 months.Just over one-third (36%) of employers that offer group risk benefits do so because they feel obliged to look after staff and their families, according to Group Risk ...
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Workers value a good atmosphere, research shows
A good atmosphere in the workplace is the most important factor for employee satisfaction.In the Attitudes to Work survey of 472 UK public and private sector workers by IFF Research, a good atmosphere was rated as very important by 82% of private sector workers and 88% of those in the ...
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Tom Russell departs Cancer Research
Tom Russell is leaving Cancer Research UK on 4 December after more than five years with the organisation.In his most recent role as director of HR performance programmes,Russell was responsible for employee reward and recognition, among other HR duties. Prior to this, he held the role of director of strategic ...
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Mercer research: Employers offer staff choice of benefits
Almost half of UK employers now give employees some form of choice in the benefits they receive, and a quarter of the remainder are also considering doing so, according to research by Mercer.The global survey, of more than 1,700 organisations, showed that the trend to offer benefit choice was notably ...
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Research: Age still a sticking-point for employers
Many employers are nervous of discussing age issues with workers as they approach retirement, according to research by the Institute for Employment Studies (IES) and the Policy Studies Institute.However, the An Ageing Workforce - The Employer's Perspective study showed that many businesses are open to making adjustments to the workplace ...
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Aon research: Pension schemes seek greater risk management
Pension schemes are beginning to adopt broader risk management practices to help achieve strategic goals during the volatile times, according to Aon Consulting.The risk management and employee benefits consultant is employing enterprise risk management (ERM) within a growing number of pension schemes. Rather than focusing solely on the financial risks ...
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Employee Benefits research: Pension reforms will not fix crisis
The government still has a long way to go to convince all employers of the merits of the pension reforms that are due to come into effect in October 2012 under the Pensions Act 2008.Just 10% of respondents to the Employee Benefits/Hymans Robertson Pensions Research 2009 believe the reforms, which ...
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Aon Consulting research: Pay rise preferred to perks
Nearly half of UK workers (47%) would welcome the chance to trade down their benefits in order to increase their pay.According to the Benefits Omnibus survey by Aon Consulting, which canvassed 1,300 working adults, 47% were more concerned about the immediate future and ensuring they had as much take-home pay ...
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Employee Benefits/Hymans Robertson Pensions Research 2009
Pensions research: about the respondents; key findingsPensions research: Attitudes to pensionsPensions research: Types of pension scheme offeredPensions research: Pensions legislationPensions research: Investment strategiesSponsor's comment: Pensions become a priorityEditor's CommentOperating a pension plan can be like gardening. Schemes and plants both require a lot of nurturing to flourish. And, in some ...
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Pensions research: Investment strategies
Although a number of employers educate staff about defined contribution investment options, most staff are in a default fund, says Tom WashingtonWithout education, few employees can have a good understanding of the investment options available through their employer’s defined contribution (DC) plan. Over the years, employers have increasingly taken this ...
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Pensions research: Pensions legislation
Employers are slowly getting ready for the 2012 reforms, says Debbie LovewellThe Pensions Act 2008 will introduce pensions reforms in October 2012 that include autoenrolment to a qualifying occupational pension plan or personal accounts, and the phasing-in of compulsory employer and staff contributions. The government appears to be slowly convincing ...
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Pensions research: Types of pension scheme offered
The shift from defined benefit to defined contribution plans continues, and more employers prepare to introduce auto-enrolment, says Tom WashingtonRising costs have seen the shift from defined benefit (DB) to defined contribution (DC) pension schemes gather pace. Some 87% now offer a DC plan to some or all staff, compared ...
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Pensions research: Attitudes to pensions
Employers still place a high value on pensions, but many concede they should be doing more to boost staff take-up, says Debbie LovewellOver the years, workplace pension schemes have not fallen out of favour with employers, despite the (often complex) challenges they pose for many organisations. This is borne out ...
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Pensions research: about the respondents; key findings
Our pensions survey, which was carried out in June 2009 among readers of Employee Benefits magazine and users of www.employeebenefits.co.uk, received 598 responses.Key findingsJust 10% of respondents feel the Pensions Act 2008 will solve the pensions crisis.74% of respondents feel responsible for employees’ financial wellbeing, but 50% say it is ...
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CIPD research: Poor reward communication seen as big threat
Poor communication of reward is seen as the most common threat to organisational performance associated with pay and reward, according to a survey commissioned by the Chartered Institute of Personnel and Development (CIPD).Despite the media and regulatory spotlight on the dangers posed by bonuses around encouraging poor behaviour and performance, ...
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Origen research: Age discrimination laws yet to impact on employers
Age discrimination legislation has yet to have an impact on the majority of UK firms, as over 50% do not employ any staff over the age of 65, which rises to 80% in IT telecoms and media, according to research conducted by Origen.The legislation that was implemented in October 2006 ...
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Britannia Building Society's pension trustees file High Court Claim against advisors
Law firm Eversheds, financial adviser Sedgwick Noble Lowndes and consultancy firm Mercer are facing potential legal action from the pension trustees of the Britannia Building Society, reports The Lawyer.Read full story here: Pensions time bomb threatens A&O, EvershedsSummary of The Lawyer report:Employee Benefit’s sister title The Lawyer has reported that ...
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Research: how legislation is affecting workplace health and wellbeing
The Welfare Reform Act 2007 has had no impact on most employers, but Dame Carol Black’s report has prompted action, says Debi O’DonovanThe Welfare Reform Act 2007, which came into effect in October 2008, contains the powers to replace incapacity benefits with an employment support allowance. People claiming this state ...
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Research: healthcare costs and calculating return on investment
Most employers use an intermediary to buy healthcare benefits and spend less than 2% of payroll on the perks. Calculating return on investment is now a priority, and staff at smaller firms are better informed, says Debi O’DonovanThe research shows most employers opt to use a broker or intermediary to ...