All Total reward articles – Page 99
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OpinionTim Middleton: Do pensions still have a role in attracting talented employees?
Decades ago, a pension scheme would have played a vital role in helping employers recruit and retain talented individuals.Today, however, things are significantly different. For one, employers are far less likelyto want to recruit employees who will stay with them to retirement. Moreover, as it is now a statutory requirement ...
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OpinionRebecca Thornley-Gibson: Asda’s own Supermarket Sweep
Organisations need to be agile in the way they react to change in their sector and the wider economy. However, changes inevitably have a people impact, and the current Asda employee relations dispute regarding changes to staff terms reflects the challenges in place for employers that need to maintain market ...
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ArticleManchester University NHS Trust employees record 25,000 sustainable actions
Employees at Manchester University NHS Trust have completed 25,000 positive actions since the launch of its incentivised wellbeing and sustainability programme, Green Rewards, six months ago.The organisation, which employs 20,000 staff, launched the initiative, provided by Jump, in May 2019. As at November, it has recorded that 30,000kg of CO2 ...
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ArticleThe top 10 most read stories: 21-27 November 2019
The top 10 most read stories on www.employeebenefits.co.uk between 21 and 27 November 2019 were: Rentokil, Apple and Barclays among the UK’s 10 most popular employersIkea, Tesla and Booking.com among top employers for diversity in EuropeBeauty and the Beast’s Belle would be the highest earning Disney princessWave, Accenture and Moneysupermarket ...
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ArticleThe top 10 most read stories: 14-20 November 2019
The top 10 most read stories on www.employeebenefits.co.uk between 14 and 20 November 2019 were: Frimley NHS staff protest transfer that could erode pay and conditionsSalary increases for UK employees in 2020 will be 0.1% lower than 2019SKL Recruitment charged with non-payment of pension contributionsNottingham College agrees to protect pay ...
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ArticleSeven in 10 employees would forego Christmas parties for more regular rewards
Seven in 10 (70%) employees would forego the traditional Christmas party in favour of more frequent rewards throughout the year, according to research from Reward Gateway.The survey of 1,400 employees and senior managers across the UK, US and Australia, also found that 65% of staff thought their employers could do ...
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ArticleConfessions of a benefits manager: Candid trials agile working
I’m excited to discover we are going to be part of an experiment. The executive management team have decided to trial agile working for back office departments, and they have confirmed the pilot for selected teams within human resources. HR seems an odd place to start; it would make more ...
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ArticleThe top 10 most read stories: 7-13 November 2019
The top 10 most read stories on www.employeebenefits.co.uk between 7 and 13 November 2019 were: Approximately 4.3 million Generation X employees will retire with inadequate savingsUK police staff vote to accept 2.5% pay riseLondon-based McDonald’s UK employees strike over pay and conditionsMarried UK employees receive equivalent of £2,390 per year ...
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Case StudiesPolice Scotland harmonises pay and benefits for 6,000 staff
Three years ago, national police force Police Scotland embarked on a project to harmonise its employee benefits, as well as its employment terms and conditions, for its 6,000 non-officer staff.Known internally as the Staff Pay and Reward Modernisation Programme (SPRM), the project aimed to introduce equality and fairness to the ...
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Case StudiesThe benefits offered by Police Scotland
The benefits offered by Police Scotland:PensionsThe Local Government Pension Scheme, a career average revalued earning (Care) scheme, is available for all staff; employee contributions vary dependent on salary and Police Scotland contributes around 19% of an employee’s salary.PayOvertime pay of time and a half, and double time for working on ...
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OpinionPhilomena Price: Employment law changes to watch out for from April 2020
April 2020 sees some key changes coming into force that employers need to be aware of. As with any employment law matter, it is beneficial if employers start thinking about how these changes may affect their businesses now, and plan accordingly, rather than waiting.First, all workers, including employees starting work ...
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ArticleMarried UK employees receive equivalent of £2,390 per year in additional benefits
Almost two-thirds (63%) of UK employers offer additional benefits to married employees, according to research by Thomsons Online Benefits.The survey of 250 UK organisations with more than 250 employees also found that employees who are either married or in civil partnerships receive the equivalent of an estimated £2,390 extra per ...
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ArticleUS business owner pays off mortgage to help employee retire early
Something for the weekend: The owner of a garage in Texas has paid off a valued employee’s mortgage to allow him to retire earlier than planned. The employee, 69-year-old Vietnam veteran Albert Brigas, has worked as an auto mechanic at Renown Auto Restoration in San Antonio, Texas since 2006. He ...
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ArticleThe top 10 most read stories: 31 October - 6 November 2019
The top 10 most read stories on www.employeebenefits.co.uk between 31 October and 6 November 2019 were: Asda announces 18p hourly pay increase for 120,000 employeesVodafone to equalise parental leave benefit across all 24 locations globallyBoots pharmacists to receive a pay increase of up to 2%Goldman Sachs offers financial help for ...
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ArticleBroadstone acquires benefits and pensions consultancy BBS
Benefits and pensions consultancy Broadstone Group has made its fourth acquisition in 2019, adding BBS Consultants and Actuaries to its portfolio.BBS Consultants and Actuaries, which was founded in 1997, has 130 employees, including workplace pensions consultants, actuaries, investment advisers and administrators. It also comes with £5 billion of assets and ...
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AnalysisHow to align pensions provisions with a wider benefits strategy
Need to know:Pensions should be positioned as a vital part of an overarching benefits package, rather than a separate and often distant concern.Employers should package pensions within a wider financial planning provision, promoting it alongside a range of other benefits that can help employees with short- and long-term stability.Focusing on ...
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Supplier articleTaking TRS into the future: 5 ways to keep your Total Reward Statements relevant
Lorelei BowmanTotal Reward Statements are a unique tool to increase advocacy, engage employees and show an employer’s active investment in their people. They’re able to represent the otherwise-missed perks and convey an employee’s entire compensation. So, why is engagement with TRS slipping?Bringing TRS into the futureIn 2019, the workplace is ...
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ArticleThe top 10 most read stories: 24-30 October 2019
The top 10 most read stories on www.employeebenefits.co.uk between 24 and 30 October 2019 were: Aviva completes £1.7 billion pension scheme buy-inMerseyside-based Matalan staff vote to accept 4.6% pay increaseBarclays, John Lewis and Royal Mail sign new mental health commitmentStandard Life Aberdeen to launch enhanced parental leave for 4,500 UK ...
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ArticleThe top 10 most read stories: 17-23 October 2019
The top 10 most read stories on www.employeebenefits.co.uk between 17 and 23 October 2019 were: Channel 4 introduces menopause policy to tackle stigma and support female staffBarclays, John Lewis and Royal Mail sign new mental health commitmentOrganisation behind Bella Italia and Cafe Rouge launches reward and recognition schemeHushHush.com to pay ...
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ArticlePure Planet commits to offset employees’ commuting carbon emissions
Renewable energy supplier Pure Planet has launched a new initiative to offset the carbon emissions created by its employees’ daily commutes.The Zero Commute policy, implemented in October 2019, aims to underline the organisation’s commitment to building a more sustainable and green environment. The programme also aligns with Pure Planet’s Zero ...