All articles by Tynan Barton – Page 54
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Mercer research: Employers to spend more on high performers in 2012
Employers are planning to spend more on their high performers in 2012, according to research by Mercer.The poll of attendees at Mercer’s 2012 compensation planning in Europe, Middle East and Africa (EMEA) webinar, found that 44% of employers would spend more on their top performers compared to an average performer, ...
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Aviva research: A third of employees would struggle financially if off work with illness for a month
Almost a third (30%) of UK employees could survive financially for less than one month if they were receiving statutory sick pay when off work ill, according to research by Aviva.†The survey of 1,000 employees and 500 employers found that just over half (52%) could survive for three months, while ...
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TUC research: Institutional investors greatly oppose remuneration reports
Remuneration reports draw the greatest opposition from institutional investors, according to a survey by the Trades Union Congress (TUC).However, the TUC’s ninth annual fund manager fund voting survey found that bank remuneration reports were widely supported.A sharp divide in voting stances was reported, as four out of the 22 fund ...
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Ferrier Pearce launches online rewards portal
Ferrier Pearce has introduced an online rewards portal that enables employees to access and interact with all their benefits, even if they are from different providers.The Works - My Total Rewards Hub allows employees to tailor their benefits through personalised resources and interactive tools.The Works, which is accessible from home ...
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ABI research: Bulk-insured pension fund assets reach £30 billion
Bulk-insured pension providers have reported that pension funds under management totaled £30 billion at the end of 2010, according to research by the Association of British Insurers (ABI).The pension schemes of over 600,000 members are now covered by these bulk buy-outs.In response to increased interest, the ABI and the National ...
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B&CE targets lower paid, transient workers with new auto-enrolment pension
B&CE has introduced a pension scheme, 'The People's Pension', that will assist employers with auto-enrolment duties, particularly those with low to moderate earners and transient workers.The People’s Pension is available across all industry sectors and is designed to offer a low-cost, portable pension.It offers:A range of online tools and systems ...
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ABI research: UK employees unsure about employers' sickness absence benefits
The majority of employees (77%) that have been off sick for more than three months have received, or are currently receiving, NHS healthcare, according to research by the Association of British Insurers (ABI).The ABI Quarterly Consumer Survey found that employers have paid, or are currently paying for 9% of respondents ...
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Mercer research: UK employers anticipate below inflation pay rises in 2012
UK employers anticipate pay rises at 3% which is below inflation, according the Mercer’s TRS Quarterly Pulse Survey.The survey also found that organisations in Western Europe predict that their employees will be given pay rises that average 2.7%; the lowest increase across the Europe, Middle East and Africa (EMEA) region.Inflation ...
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Towers Watson research: FTSE 100 pension deficits grew by £27 billion in one week
The aggregate deficits of FTSE 100 organisations’ pension deficits grew by £27 billion in one week, according to data from Towers Watson.The consultancy estimates that the deficits of the defined benefit (DB) schemes stood at £8 billion at the beginning of last week, but had increased to £35 billion when ...
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London School of Economics research: Senior executives' pay clearly linked to corporate performance
Senior executives’ pay is clearly linked to the success of an organisation, according to research by the Centre for Economic Performance and the London School of Economics.The study, Firm Performance and Wages: Evidence from Across the Corporate Hierarchy, found that when an organisation’s performance improves, so does pay, but it ...
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Southend University Hospital signs up to payback discount benefit
Southend University Hospital has signed up to an employee reward scheme that enables staff to earn reward points.The MyMoney scheme, provided by Corporate Rewards, enables the NHS trust’s employees to earn points through, for example, shopping as normal in their high street or online, that can be redeemed for rewards.Keith ...
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Morrisons considers Swedish derogation model to mitigate impact of Agency Workers Regulations
Morrisons has held talks with recruitment agencies on using the Swedish derogation model, which removes the supermarket’s responsibility of offering temporary workers the rights to benefits.†The Agency Workers Regulations, which came into force on 1 October, mean that after 12 weeks of employment, temporary staff are entitled to equal treatment ...
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Now Pensions introduces pension product in preparation for 2012 reforms
Now Pensions has unveiled details of its new auto-enrolment offering in preparation for the 2012 pension reforms.Backed by Danish pension scheme ATP, the multi-employer trust has revealed that its scheme will have a £1.50 per month administration charge, and a 0.3% annual product investment charge.The scheme has one investment strategy, ...
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Findel cuts fleet emissions with renewed contract
Multi-channel retailer Findel has cut its car emissions by almost 25% after renewing almost all of its fleet. After taking advice from TR Fleet, the firm has seen average carbon dioxide (CO2) emissions on its 262-strong car fleet fall from 164 g/km to 125 g/km.Findel is benefiting from improved miles ...
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Run Your Cars staff take part in Movember campaign
Employees at fleet services provider Run Your Cars are growing moustaches as part of the Movember charity campaign.Staff are cultivating their facial furniture to help raise money and awareness for prostate and testicular cancer.Five employees, including managing director Steve Whitmarsh, have pledged not to shave their top lip this month ...
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Mercer research: Meaningful benefits increase employee engagement
Meaningful benefits, such as personal car leasing schemes and student debt loans, improve employee engagement levels, according to research by Mercer.The What’s working survey, which polled 30,000 employees in 17 countries, found that these types of benefits reinforce an organisation’s appeal as an employer, are immediate and cost effective, and ...
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Aviva conjures up financial awareness campaign for young people
Aviva is running a social media campaign using magic to raise awareness among young employees about the importance of retirement savings.In a series of short film clips, magician Pete Hathaway uses magic tricks with money to encourage young people to save for the future.The films, available on social media sites ...
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Aviva research: 84% of younger workers would like financial help from employers
The majority (84%) of younger workers (25 to 35 year olds) would like financial help from their employers in order to plan for their future, according to research by Aviva.The research found that many employees in the 'foundation generation', so called because they are laying the groundwork for their finances, ...
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Autumn Statement 2011: The impact on employee benefits
Chancellor George Osborne delivered his Autumn Statement to government on 29 November 2011. Here is a round-up of the key issues affecting employee benefits.Fuel duty increases revisedThe 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 ...
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PWC research: Asset managers' pay increases by 18% over last year
Asset manager remuneration has increased by an average of 18% over the last year, according to research by PricewaterhouseCoopers (PWC).The Paying a premium for the best investment professionals asset management reward survey 2011 found that employers' salary bills have increased by an average of 4%.Compared with 2010, compensation as a ...