All Employee Benefits articles in Web Issue – Page 1026
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OpinionSarah Miller: Key considerations for a pensions change project
There are three questions employers should ask before embarking on a pensions change project. First, they should question whether they can make the change. Employment contracts should be checked. If the change would breach the contract it will need varying. If the contract does not permit variations,the employer might need ...
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Case StudiesRolls-Royce merges final salary schemes to reduce governance costs
Luxury car manufacturing organisation Rolls-Royce conducted a pensions change project over 2016 in order to reduce the extensive governance costs of running five defined benefit (DB) pension schemes concurrently.At the beginning of 2016, the organisation had five legacy final salary pension arrangements in place, covering 13,000 current employees. This included ...
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ArticleOntario to increase minimum wage to $15 an hour
Canadian province Ontario is to increase the minimum wage to $15 an hour by 2019.The general minimum wage currently stands at $11.40 (£6.60) an hour and is scheduled to rise to $11.60 (£6.69) an hour in October 2017. The government intends to increase this to $14 (£8.08) an hour from ...
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ArticleWatch Employee Benefits Wired: Supporting financial wellbeing on demand
Employee Benefits Wired: Supporting financial wellbeing is now available to watch on demand. The 30-minute panel discussion can be viewed online anytime on the Employee Benefits video channel. The live panel debate took place on Thursday 25 May 2017 in association with Neyber. The panel included Debbie ...
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ArticlePrivate sector staff feel more supported around mental health
Just under half (49%) of respondents working in the public sector felt supported when disclosing mental health problems, compared with 61% of those working for private sector organisations, according to research by mental health charity Mind.Its survey of 15,022 employees, of which 5,746 work in the public sector and 7,191 ...
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ArticleEXCLUSIVE: 60% use digital communications to improve benefits engagement
EXCLUSIVE: Just over two-thirds (68%) of employer respondents use digital communication to improve employee engagement with benefits, according to research by Employee Benefits and Staffcare.The Employee Benefits/Staffcare Benefits research 2017, which surveyed 271 employer respondents in February-March 2017, also found that 60% use face-to-face communication, such as group seminars and ...
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ArticleEon to consider closing its defined benefit pension schemes to future accrual
Energy organisation Eon will potentially close its defined benefit (DB) pension schemes to future accrual, which could affect around 3,000 UK-based employees.The organisation is considering the pension scheme closures as part of a review into its final salary and DB arrangements.Eon closed various DB pension plans to new employees by ...
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ArticleInchcape Retail UK introduces pay bands and revamps bonus scheme for technicians
Car retailer Inchcape Retail UK has introduced graded pay bands for its 950 UK-based technician staff.The five pay bands, which will be applicable for technicians working across the organisation’s 100 plus retail centres in the UK, have been introduced to create a consistent approach to pay across the business for ...
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ArticleTop 10 most read stories this week 25-31 May 2017
The top 10 most read stories on www.employeebenefits.co.uk between 25 and 31 May 2017 were: Employee with 'cattitude' to receive cat-cuddling benefitsEmployee benefits professional of the year shortlist announced British Airways granted leave to appeal in pensions caseEPC-UK launches wellbeing programme and issues fitness devicesEXCLUSIVE: 17% reviewing benefits strategy in ...
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ArticleConfessions of a benefits manager: Candid gets to grips with salary sacrifice changes
Big Bad Boss has two approaches to a new issue. His first, and most frequent, response is to flap around firing off directions to everyone in the team without thinking it through. This happens if there is any kind of request from the top floor. His second approach is to ...
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ArticleGoogle plans luxury London office with roof garden and running track
Something for the weekend: Having the right working environment can do wonders for employee productivity, engagement and motivation, whether that is having a standing desk, being able to attend on-site yoga classes, or having access to a luxury coffee machine for a mid-morning cappuccino. Technology organisation Google has embraced this ...
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ArticleHR and recruitment salaries increase by 7.2%
Salaries for human resources (HR) and recruitment jobs have increased by 7.2% over the last 12 months, with an average annual UK salary of £32,821, according to research by Adzuna.Its UK job market report: May 2017, which is based on job vacancy data, also found that the average advertised salary ...
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ArticleEXCLUSIVE: University of Lincoln launches new benefits platform
EXCLUSIVE: The University of Lincoln has launched a new employee benefits platform for its 1,700 core staff and 1,500 claims workers (who claim for hours worked rather receiving regular earnings).It introduced its Linc-On platform, provided by AYMTM, part of Sodexo, on 4 May 2017. The platform has been designed to ...
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ArticleEXCLUSIVE: 47% outsource some aspect of their benefits package
EXCLUSIVE: Just under half (47%) of employer respondents outsource some aspect of their benefits package, according to research by Employee Benefits and Staffcare.The Employee Benefits/Staffcare Benefits research 2017, which surveyed 271 employer respondents in February-March 2017, also found that of those respondents that do outsource some element of their benefits ...
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ArticleDigby joins Gardner Leader
Lynn Digby has joined law firm Gardner Leader as HR manager.In her new role, Digby will be responsible for supporting staff across three Berkshire-based offices with HR matters. This will include the recruitment and induction process, career development opportunities, and holiday management.Previously, Digby worked as HR manager at Charles Lucas ...
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ArticleDavidson takes on reward at Three
Jenny Davidson has been hired as interim head of reward at telecommunications organisation Three.Davidson's areas of speciality include benefits programmes, European pensions design and legislation, and executive and non-management short-term incentive plans.Davidson has previously held roles such as interim head of reward at Virgin Atlantic, group reward director at Dixons ...
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ArticleFinancial Services Compensation Scheme and X4 Group shortlisted for employee value proposition
Compensation fund organisation Financial Services Compensation Scheme and recruitment organisation X4 Group have been shortlisted in the best employee value proposition category at the Employee Benefits Awards 2017.This award celebrates employers that have developed an engaging, effective and relevant employee value proposition for their staff.The full category shortlist is:Financial Services ...
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Supplier article
Best practice advice when tackling mental health in the workforce
Awareness of mental health issues and how they can be treated is on the rise, yet it remains a significant problem in the UK, not least for employers.Although mental health issues are said to affect around a third of the population, 40% of employees would not feel comfortable raising the ...
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ArticleNuclear Decommissioning Authority staff to vote on pensions deal
Nuclear Decommissioning Authority (NDA) employees who are members of trade unions GMB and Unite are to vote on proposals to replace the government organisation’s current final salary pension scheme with a career average revalued earnings (CARE) arrangement.The consultative ballot will open on Monday 12 June 2017 and close on Friday ...
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ArticleFTSE 350 defined benefit pension deficit falls to £134bn
The accounting deficit of defined benefit (DB) pension schemes for the UK’s largest 350 organisations fell from £145 billion at the end of April 2017 to £134 billion at 31 May 2017, according to research by Mercer.Its Pensions risk survey, which is based on projections and analysis of FTSE 350 ...