All Employee Benefits articles in Web Issue – Page 1035
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ArticleSkanska agrees £300m pension longevity hedge
The trustees of construction organisation Skanska’s pension scheme have agreed a longevity hedge for the scheme, covering £300 million in member liabilities.The hedge has been agreed between the Skanska Construction Services Trustees for the Skanska Pension Fund and insurance organisation Zurich. Zurich has reinsured 75% of the hedge with reinsurance ...
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Article84% believe summer perks increase productivity
More than three quarters (84%) of employee respondents believe that receiving summer perks makes them more productive, according to research by Peldon Rose.Its survey of 600 UK-based office employees also found that 34% of respondents are not offered any form of seasonal benefits.The research also found:40% of respondents feel that ...
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ArticleAddison Lee to face legal action over holiday pay and minimum wage
Taxi organisation Addison Lee is to face legal action over the status of its drivers and their entitlement to workers’ rights, such as holiday pay and the national minimum wage.The legal action is being brought by the GMB trade union on behalf of three Addison Lee drivers, who are being ...
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ArticleWashington to legislate for paid family and medical leave
Washington has passed a bill to introduce a new paid family and medical leave benefit for employees based in the US state.The new family and medical leave programme, which will come into effect from 1 January 2020, will enable eligible employees to take up to 12 weeks of paid family ...
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Article
The month in numbers: June 2017
A round-up of some of the key facts and figures related to employee benefits in June 2017:26% of global employee respondents who expect to work to some extent in their retirement cite concerns that their retirement benefits will be less than expected as the reason for this (Source: Aegon)50% of ...
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OpinionCrowley Woodford: National minimum wage traps for the unwary employer
Most workers are entitled to be paid the national minimum wage, with those aged 25 or over entitled to the national living wage. HM Revenue and Customs (HMRC) has wide powers of investigation and enforcement and will name and shame employers found to be underpaying staff. Substantial fines may also ...
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ArticleStandard Life employee’s transfer value complaint is rejected by Pensions Ombudsman
The Pensions Ombudsman has rejected a complaint by a Standard Life employee regarding the provision of a second cash equivalent transfer value (CETV) within 12 months of a previous request.The complainant, Mr Y, is a deferred member of the Standard Life staff pension scheme who was considering transferring his deferred ...
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ArticleWESC Foundation launches salary sacrifice car scheme
Visual impairment services organisation the WESC Foundation has introduced a salary sacrifice car scheme for its 240 Devon-based employees.The organisation launched the Lifestyle Lease scheme, provided by Maxxia, in June 2017 in order to extend the range of benefits available to staff.The scheme enables the lease agreement to be made ...
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ArticleSerco staff at Barts Health NHS Trust strike over pay dispute
Members of trade union Unite who work for public services organisation Serco and are based at hospitals within Barts Health NHS Trust are taking strike action in a dispute over pay.Cleaners, domestic staff, porters, and security staff based across four London hospitals in the Barts Health NHS Trust began 48 ...
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AnalysisQuick wins to motivate employees during the summer months
Need to know:The summer months present an opportunity for employers to boost staff motivation as employees naturally start to think about events such as holidays and days out.Employers can base workplace motivation initiatives around how employees spend their personal time.The summer offers an ideal opportunity to focus on wellbeing, which ...
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Analysis
Infographic: Will employers offer any summer perks this year?
An infographic outlining the summer perks employers plan to offer in 2017. (Source: Employee Benefits poll, May 2017). Read more in: Quick wins to motivate employees during the summer months.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","//e.infogram.com/js/dist/embed-loader-min.js");
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Case StudiesHome Group uses summer season to boost employee motivation
Home Group recognises how the summer months can be utilised for employee motivation and encourage discretionary effort.The organisation, a provider of social housing and care and support services, runs a number of schemes to ensure that its 3,000 employees dispersed in locations around the country have high levels of engagement ...
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Supplier article
Report finds employees wasting time on unnecessary tasks
New research shows UK employees spend 441,827,088 days a year on ‘time-wasting’ office tasks such as responding to hundreds of emails, attending meetings for meetings sake, and completing unnecessary admin.Two-thirds (60%) of 2,040 UK employees said they spend at least half a day every single week performing tasks they deem ...
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Supplier article
Employee engagement tips for organisations affected by a pay cap
by Jamie King, director of global rewards at XexecThe public sector pay cap – a 1 per cent cent pay rise cap that has been in place since 2012, affecting five million workers across the UK – has been at the top of the political agenda again after the Labour ...
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ArticleRangers Football Club loses appeal in employee benefits trust tax case
The Supreme Court has dismissed an appeal by Rangers Football Club (RFC) in a case regarding income tax and national insurance liabilities for the organisation’s employee benefits trust (EBT) scheme.The case relates to the assessment from HM Revenue and Customs (HMRC) that the EBT arrangements and sub-trusts set up on ...
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ArticleFirefighters to consult on four-year pay deal
Firefighters who are members of the Fire Brigades Union (FBU) will consult on proposals for a four-year pay deal, which includes a 2% pay increase in 2017.The pay deal, which has been proposed by the Fire and Rescue Services National Employers, features a 2% increase in basic pay from 1 ...
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ArticleFCA consults on proposals for staff incentives in consumer credit organisations
The Financial Conduct Authority (FCA) is consulting on proposals designed to help consumer credit organisations manage risks associated with staff incentives and performance management processes.The FCA, which has overseen the regulation of consumer credit since April 2014, has published findings from a thematic research report that surveyed 98 consumer credit ...
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ArticleConfessions of a benefits manager: Candid gets bad service
I might be a bit lazy and easily distracted, but I can tell you I am a productivity ninja compared to the people I have to work with. Let's take my colleague, Lazy Susan. For her, work is just a place to catch up on her social media. Susan's career ...
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ArticleTop 10 most read stories this week 29 June-5 July
The top 10 most read stories on www.employeebenefits.co.uk between 29 June and 5 July 2017 were: Addison Lee to face legal action over holiday pay and minimum wageChiswick Park-based staff take on 300m zip wireMicrosoft rolls out global family caregiver benefitPinsent Masons, RBS and Vodafone among 2017's Top Global Employers ...
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ArticleSoftware organisation builds £3.5m office with three-storey slide
Something for the weekend: Creating a fun and engaging workplace is one method of ensuring employees stay engaged and motivated at work, often having a knock-on effect on employees’ productivity. Software organisation EKM has sought to create an enjoyable working environment for staff at its brand new office facility, which ...