All Total reward articles – Page 96
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ArticleGroup protection usage hit by data privacy fears
New research has suggested that slower-than-anticipated uptake of some group protection benefits may be due to data privacy fears.According to a study by Legal and General, 19% of staff questioned who had access to employee assistance programmes (EAPs) revealed that privacy concerns were a barrier to usage – a figure ...
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ArticleRoyal Mail workers set to receive share dividend
Tens of thousands of Royal Mail workers are set to receive a one-off 10p per share dividend after the delivery company announced adjusted operating profits rising to about £700 million in the year ending March 2021.The dividend – more than double what it was just two years ago and the ...
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ArticleDF Capital becomes living wage employer
DF Capital, the small and medium-sized enterprise (SME)-focused bank first founded in 2016, has become an accredited living wage employer.The move means the bank will now pay a salary to all its 85 staff that exceeds the minimum hourly rate of £9.50 for those aged over 25.Employees will be guaranteed ...
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ArticleDechert offers all staff paid leave for Covid-19 jab
Global law firm Dechert has announced it will give paid leave to all employees getting their Covid-19 (Coronavirus) vaccination.The decision, circulated in an internal memo, revealed that staff can book up to eight hours off to get their jabs or use this time off if they have short-term side effects. ...
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ArticleStudy finds mindset key to financial wellbeing
Pensions and investment company Aegon has today (29 March) published research which has analysed the link between financial wellbeing and people’s mindsets.The Financial wellbeing index placed an equal weighting on money factors such as income levels, budgeting skills and affordability of debt, alongside mindset factors such as peoples’ ability to ...
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ArticleThe top 10 most-read articles between 18 March – 24 March 2021
The top 10 most-read stories on employeebenefits.co.uk between 18 March – 24 March 2021 were: Supreme Court dismisses sleep pay claimsHas the role of health cash plans changed during the pandemic?BAE Systems outlines placing mental health at the centre of wellbeing strategiesEmployee wellbeing findings a ‘wake-up call’ for actionBT gives ...
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ArticleCiti appoints new senior HR officer
Investment bank and financial services group Citi has announced it has promoted one of its most experienced HR professionals, Helen Hale, to the role of senior HR officer (EMEA).Reporting to the organisation's head of HR, Hale’s new appointment is the latest in a long line of human resources roles she ...
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ArticleNationwide allows permanent working from home
Nationwide Building Society has announced that all of its 13,000 office staff will be allowed to work remotely – even after restrictions urging people to do so are eased.The move means it has become one of the largest employers to formally introduce permanent working from home.In a statement, the organisation ...
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ArticleBT gives staff £1,500 Covid-19 bonus
Telecoms company BT is to reward its staff with £1,000 in cash and a further £500 in shares as a thank-you for all their hard work during a difficult 12 months of lockdown.The awards will cost the business £110 million when it gives all 59,000 key workers the £1,000 sum ...
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ArticleRothesay secures £6m aviation pensions scheme buy-out
Rothesay and K3 Advisory, the bulk annuity and consolidator, have completed a £6 million pensions buy-out with an unnamed aviation scheme in a deal which insures the benefits of eight pensioners and 31 deferred members.The scheme had already insured the benefits for more than 20 members in 2009 through a ...
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ArticleCitigroup introduces wellbeing focused ‘Zoom-Free Fridays’
Investment bank Citigroup has introduced ‘Zoom-free Fridays’ to prevent staff suffering from burnout and to allow them to better manage their work-life balance.In a internal memo sent to its 200,000+ staff on Monday, the company's new CEO Jane Fraser wrote: “The blurring of lines between home and work and the ...
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ArticleCovid-19 causes one in five employees over 65s to delay retirement
The impact of the Covid-19 (Coronavirus) pandemic continues unabated, with research by Close Brothers today (24 February) revealing it has already forced many older workers into delaying their retirement plans.According to the study, the past year has highlighted the fragilities of many people’s finances. As a result, it found nearly ...
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ArticleEmployees embrace their year working from home
New data marking the one-year anniversary of the UK going into lockdown has revealed that, among civil servants at least, home working has been embraced.The research by pollster Opinium for SAP found that 57% of civil servants questioned said they now had a better work-life balance, while nearly half (49%) ...
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ArticleMerton College reveals Oxford living wage pledge
Merton College, part of the University of Oxford, has announced it has become an Oxford living wage (OLW) employer.The rate is specific to the region and set by Oxford City Council and is calculated at 95% of the London living wage. It means the college is now committed to paying ...
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ArticlePublic sector workers paying more into pensions
A report by the National Audit Office (NAO) has revealed most pensions have become more affordable in recent years – but it has also raised concerns that pensions affordability among public sector workers is now falling behind.According to the report, employee contribution levels have increased by 16% in real terms ...
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ArticlePoshmark hires its first chief people officer
Poshmark – the online marketplace for new and second-hand style for women - has appointed William Ingham as its first ever chief people officer.The online marketplace, which announced its initial public offering at the start of this year, recently reported a 27% increase in fourth-quarter revenue, and the new role ...
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Article45% of FTSE 100 firms use ESG to calculate pay
Research by PricewaterhouseCoopers (PWC) and London Business School has revealed environmental, social and governance (ESG) measures have reached widespread adoption in the setting of executive pay.Data from The paying well by paying for good report found the measures were now being used in approaching half (45%) of all FTSE 100 ...
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ArticleThe top 10 most-read articles between 11 March – 17 March 2021
The top 10 most-read stories on employeebenefits.co.uk between 11 March – 17 March 2021 were: Aldi on the hunt for cracking Easter egg tastersWorkers 'desperate' for wellbeing supportOgilvy boosts menopause supportLucy Dunbar: How will the pensions lifetime allowance freeze affect staff retirement plans?EXCLUSIVE: TSB takes a pro-active approach to employee ...
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ArticleEXCLUSIVE: BT discusses what reward will look like in a post-Covid world
Employee Benefits Insights 2021: Megan O’Shaughnessy, head of reward at BT, detailed the "growing importance of flexible reward strategies post-Covid" at the online event.O’Shaughnessy acknowledged that many organisations may not be in a position to offer traditional reward levers such as pay rises, bonuses or long-term incentive plans as a ...
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ArticleGroup life insurance pays out £93m in employee-related Covid claims
New data has revealed the extent to which group life insurers have paid out claims related to the deaths of employees due to Covid-19 (Coronavirus).According to figures released by Group Risk Development (Grid) for the year to 31 December 2020, payouts were given to the dependents of 891 employees with ...