All Total reward articles – Page 39
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Case StudiesBenefits on offer at Northwood Hygiene Products
The benefits offered by Northwood Hygiene Products include:PensionTwo group personal pension (GPP) schemes, with employee contribution rates of either 4% or 5%, and employer contribution of 5% or 4%.Healthcare and wellbeingPrivate medical insurance (PMI) for certain employee groups, employer paid.Group income protection, a legacy benefit for certain employee groups, employer ...
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ArticleApple, Microsoft and UKG named World’s Best Companies of 2023
Tech firms Apple and Microsoft, and HR, payroll and workforce management solutions provider UKG have been named as some of the World’s Best Companies of 2023 by Time magazine.To determine the list, Time partnered with Statista and evaluated firms based on employee satisfaction, revenue growth and sustainability. Surveys were conducted ...
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ArticleFoster Denovo Group acquires employee benefits arm of Punter Southall Aspire
Foster Denovo Group has agreed to acquire Punter Southall Aspire’s employee benefits business.Signed on 16 November, the deal is set to complete by the end of the year. The businesses will combine under Foster Denovo’s employee benefits division Secondsight.The transaction will see 56 Punter Southall staff, led by current managing ...
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Supplier articleThe UK Chancellor of the Exchequer, Jeremy Hunt, delivered the government’s Autumn Statement 2023 on 22 November.
Importance of understanding the implications for businesses and individuals Being informed about the UK budget helps people make informed financial decisions, adapt to changes in the economy, and proactively manage both personal finances in response to government policies and priorities. Overview of theme of the budget: avoid ...
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ArticleNewton hires Helen Beurier as chief people officer
Management consultancy Newton has appointed Helen Beurier as chief people officer and partner to further strengthen its leadership team.Beurier will assume her new role in January 2024 and will become a member of Newton’s senior executive team and board. Responsible for driving its people agenda forward by developing global organisational ...
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ArticleThe top 10 most-read articles between 17 - 23 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 17 - 23 November 2023 were: UK Supreme Court rules Deliveroo riders are not workersNational living wage to increase in April 2024Exclusive: Unum UK introduces exercise and wellbeing benefit for staff42% of employers plan to reduce flexibility for staff in 2024Tribunal rules ...
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ArticleHow will the Autumn Statement 2023 affect pay, pensions and employee benefits?
Autumn Statement 2023: Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement speech in the House of Commons on Wednesday 22 November. A number of key announcements were made that will affect pay, pensions and benefits.Autumn Statement: Government announces plans to offer pension pot for lifeAutumn Statement: State pension ...
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ArticleBarratt Developments hires new group HR director
Barratt Developments has appointed Sally Austin its new group HR director, becoming a member of the Barratt executive committee and reporting to chief executive David Thomas.Austin will continue the people strategy for Barratt, prioritising diversity and inclusion, engagement, talent management, and employee health and wellbeing in particular.She joins from Wincanton, ...
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OpinionAnna Dabek: Creating a menopause friendly workplace for womens’ wellbeing
More women are citing menopause as a reason for claims of discrimination or unfair dismissal at tribunal. The number of cases which did so increased by 44% in 2021.Menopause is not a protected characteristic under the Equality Act 2010. That said, over the last couple of years, women have brought ...
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Article42% of employers plan to reduce flexibility for staff in 2024
Approximately two-fifths (42%) of employers plan to reduce flexibility or offer less of this to their employees in 2024, according to research by Barnett Waddingham.The independent consultancy, which surveyed 302 HR directors and C-suite professionals, found that this could see as many as 588,000 employers planning to offer reduced flexibility ...
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ArticleUK Supreme Court rules Deliveroo riders are not workers
The UK Supreme Court has unanimously ruled that Deliveroo riders do not have the right to be classed as workers and cannot unionise following a seven-year legal battle.In the case of The Independent Workers Union of Great Britain v Central Arbitration Committee and another, Deliveroo riders have been seeking to ...
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AnalysisDo total reward statements still engage employees with their benefits packages?
Credit: Julia Sudnitskaya / Shuuterstock.comA total reward statement provides an overview of an employment package and its value.Offering choice regarding how a total reward statement is delivered to an employee is key to ensuring effective engagement.A personalised benefits package can help to engage employees with their benefits because it is ...
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Case StudiesUK Power Networks uses total reward statements to boost engagement with benefits
UK Power Networks uses total reward statements (TRS) to inform and engage its 6,000 employees with its benefits package.The electricity distributor produces a TRS every year which it publishes both on its online reward platform and in the form of a booklet. Employees are given the choice of which format ...
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ArticleNuclear Decommissioning Authority introduces free period products for staff
The Nuclear Decommissioning Authority (NDA) has introduced complimentary period products in its Cumbria and Warrington offices to help tackle period poverty.Through a partnership with social enterprise Hey Girls, period products will be available to any NDA employee who needs them. It is part of a drive to ensure its workspaces ...
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ArticleThe top 10 most-read articles between 10 - 16 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 10 - 16 November 2023 were: Deutsche Bank completes £500 million pensions buy-inRSA Insurance to launch equal parental leave policySSE accredited as living pension employerUK employers could spend up to £15b on benefits staff do not wantBasic pay for private and public ...
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ArticleVirgin Voyages founder Richard Branson gifts flight staff free cruise
Credit: Stefano Tammaro / Shutterstock.comSomething for the weekend: More than 150 passengers and crew members on a Virgin flight from Melbourne to Hobart in Australia have been gifted a free cruise by founder Sir Richard Branson.Everyone on board the flight, including cabin crew, baggage handlers and pilots, on Thursday (16 ...
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ArticleRoyal Mail implements Christmas incentive scheme
Royal Mail has launched a bonus scheme in order to incentivise staff to meet its Christmas delivery targets.As part of the scheme, employees will be able to earn up to £500 extra if they hit local and national quality targets.Royal Mail’s renamed parent organisation, International Distributions Services, decided to implement ...
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OpinionElla Bond: The effects of a tribunal about dismissal regarding returning to office
In the legal case Follows v Nationwide Building Society, an employee was awarded almost £350,000 in compensation after successfully claiming unfair dismissal and indirect disability discrimination by association. The case serves as a stark reminder for employers to exercise caution when imposing mandates for employees to return to the office, ...
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ArticleAioi Nissay Dowa Europe promotes Gemma Robinson to people and culture director
Insurer Aioi Nissay Dowa Europe (AND-E UK) has promoted Gemma Robinson to the role of people and culture director.As a HR leader with more than two decades of experience, Robinson was appointed to her new role just before her seven-month maternity leave in 2022. She will assist with the firm’s ...
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ArticleUK employers could spend up to £15bn on benefits staff do not want
UK employers could be spending up to £15 billion a year on employee benefits that do not resonate with their staff, according to research by Isio and YouGov.The organisations, which surveyed more than 7,000 private sector employees, found that 23% felt their current benefits package meets all their needs, with ...