All articles by Tynan Barton – Page 5
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OpinionAmanda Lowe: What are the benefits of supporting staff with specific conditions such as endometriosis?
With a predominantly female workforce, around 75%, we launched a women’s health policy in June 2023 to demonstrate our commitment to ensuring the health, safety and wellbeing of our employees.This policy focuses on two of the most common issues affecting women’s health: endometriosis and osteoporosis, and it supports those who ...
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Case StudiesBenefits on offer at Egress
The benefits on offer at Egress:PensionsDefined contribution pension scheme, with 5% employee contributions and 4% employer contributions.Group riskLife assurance at four-times salary.Healthcare and wellbeingPrivate medical insurance (PMI) scheme, employer paid for all employees following probation. Employees have the option to add cover for a partner or dependents through salary deductions.Employee ...
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Case StudiesPodcast: Egress structures staff benefits to provide multiple avenues of support
Employee Benefits · Employee Benefits/Egress PodcastListen: Cybersecurity firm Egress has created a benefits package that offers support for its employees in many different areas of their working lives. In this episode of the Employee Benefits podcast, Laura Probert, chief people officer, details how the package is structured into key areas ...
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ArticleAsda introduces later-life care advice and mortgage advice benefits
Supermarket Asda has introduced a later-life care advice and mortgage advice benefit for its 150,000 employees.The later-life care advice benefit, offered by Legal and General’s Care Concierge service, provides employees with confidential one-to-one telephone services where they can receive support and advice about later-life care for their loved ones.The benefit ...
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ArticleSpring Budget 2024: TPR and FCA given powers to enforce Value for Money framework
Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework.Chancellor of the Exchequer, Jeremy Hunt, announced the plans in order to address pension schemes that are “persistently ...
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ArticleSpring Budget 2024: DC pensions required to disclose investment in UK equities
Spring Budget 2024: Jeremy Hunt, Chancellor of the Exchequer, has announced plans to bring forward requirements for defined contribution (DC) schemes and local government pension schemes (LGPS) to publicly disclose the breakdown of their asset allocation in UK equities.The 2024 Spring Budget report stated that across the pensions industry as ...
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OpinionMark Ormston: Is the scrapping of the lifetime allowance a disappearing act or just an illusion?
The lifetime allowance (LTA) is one of those subjects referenced in lots of pension literature, and yet, it only affects a minority of people. With this in mind, imagine the ‘ooohs’ and ‘ahhhhs’ when one of the rabbits out of the 2023 Spring Budget hat was the announcement to make ...
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OpinionConfessions of a benefits manager: Candid designs a reward leaflet
I feel a bit ashamed to admit this, but our benefits documentation is not great. The stuff online is fine; all the information about our flexible benefits platform is up to date and acceptable. However, what we send out to candidates needs some attention. Someone who recently joined tells me ...
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AnalysisBuyer’s guide to fertility benefits
Credit: bezikus/ShutterstockWhat are fertility benefits?Fertility benefits are wide-ranging and include comprehensive support and treatment for individuals. The benefits cover the key areas of medicines, procedures and assisted conception, such as in vitro fertilisation (IVF) and intracytoplasmic sperm injection (ICSI).Employers use the services of providers to offer fertility and parenthood-planning care ...
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OpinionRashree Chhatrisha: Helping staff to achieve better retirement outcomes
The government’s ambition is to drive better outcomes for members of defined contribution (DC) pension schemes to help ensure all savers achieve the best possible retirement.This is a really positive direction for DC pensions as the management of schemes evolves to consider what members will receive in retirement; whether this ...
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OpinionTim Pike: Could we see a return to defined benefit pensions?
The UK’s private sector defined benefit (DB) pension landscape is generally described as in its endgame. There has been a fall in the number of open DB pension schemes as a result of economic, social and regulatory changes.The vast majority of employers offer a defined contribution (DC) pension to eligible ...
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Case StudiesPodcast: Fitflop ensures its benefits support employee retention and engagement
Employee Benefits · Employee Benefits/FitFlop PodcastListen: For global footwear brand FitFlop, one of its key challenges is to provide a unified approach to employee benefits to ensure engagement levels are high in all of the countries it operates in.That approach includes a wide range of perks that appeal to all ...
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Case StudiesThe benefits offered by FitFlop
Benefits on offer at FitFlop in the UK:PensionGroup personal pension (GPP) plan offered via salary sacrifice arrangement for all employees, with 4.5% contributions from both employee and employer.Healthcare and wellbeingPrivate medical insurance (PMI) scheme or private dental insurance: all employees can choose one benefit to be funded by the employer. ...
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Article41% of employers expect increased demand for mental health support
Mental health support will be the most in-demand health and wellbeing benefit in 2024, according to research from Towergate Health and Protection. The survey of 500 HR professionals found that 41% are expecting to see an increase in demand for mental health support from their employees. A ...
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ArticleHermès to award €4,000 bonus to all employees
Credit: Maddie Red/ShutterstockLuxury fashion brand Hermès has announced that it will award all employees a €4,000 bonus in respect of its successful work in 2023.The news was announced at a presentation of the French firm’s 2023 full-year results, where alongside the staff bonus, it announced an increase in profits of ...
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ArticleAmazon workers begin three-day strike over pay
Credit: Sundry Photography / Shutterstock.comAmazon workers in Coventry have begun a three-day strike in a dispute over pay.More than 1,000 GMB union members at the retail firm are taking part in industrial action today (Tuesday 13), Wednesday 14 and Thursday 15 February, to earn £15 an hour and union rights.UK ...
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ArticleB&Q to increase minimum hourly pay
Credit: ClimbWhenReady / ShutterstockB&Q has announced that it will be increasing its minimum hourly rate to £12.21 per hour, and its London rate to up to £13.55 per hour.From April 2024, 16,500 employees at the home improvement retailer will get an extra 90p per hour, worth over £1,700 more a ...
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ArticlePay settlements expected to drop in 2024
Basic pay increase expectations have fallen for the first time since the start of the pandemic, according to the Chartered Institute of Personnel and Development’s (CIPD) latest Labour Market Outlook.After holding steady at 5% for more than a year, UK employers’ expected basic pay rises for the next 12 months ...
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OpinionConfessions of a benefits manager: Candid works on a new recognition platform
Does recognition fall under compensation or benefits? In my organisation, it sits in compensation, so I thought I was safe from getting involved in the new platform. I have been watching with interest as communications go out promising a new, exciting platform in a matter of weeks.I should have known ...
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OpinionDawn Moore: How can reward and benefits contribute to happiness at work?
It has long been recognised that reward and benefits, as part of an overall employee experience, are a key part of happiness at work. A good reward and benefits package demonstrates that an organisation cares for its employees, particularly where it is clear that there is not a one-size-fits-all approach ...