All Employee Benefits articles in Web Issue – Page 1040
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Supplier article
Raise in state pension age means saving now could be crucial
Following the recommendation by John Cridland, the government has confirmed it will raise the state pension age from 67 to 68 between 2037 and 2039, seven years ahead of the date range originally planned.Jonathan Watts-Lay, Director, WEALTH at work, said: “It might seem a long way off but future generations ...
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ArticleMedian base salaries for FTSE 100 chief executive officers increase by 2%
The median increase to base salaries for FTSE 100 chief executive officers in 2016-2017 is 2%, according to research by Fit Remuneration Consultants.Its FTSE 100 directors’ remuneration report, which is based on data collected from FTSE 100 organisations’ annual reports and accounts with a year end up to and including ...
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ArticleBBC to hold consultation meetings with staff to address gender pay gap
The British Broadcasting Corporation (BBC) will hold consultation meetings with staff over the next two months in order to accelerate efforts to close its gender pay gap.Tony Hall, director general at the BBC, confirmed that the media organisation would hold wider consultation meetings with employees to support changes designed to ...
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ArticleDavid Finch: How can employers support staff with later life care costs?
The friction between work and caring responsibilities has a long and troubled history. It is a key reason why women leave the labour market and an enduring source of the gender pay gap.But addressing this challenge has, in one respect, been one of Britain's biggest labour market success over the ...
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ArticleNigel Peaple: How can employers support staff with later life care costs?
The care conundrum is not simple and the vast majority of employers may wish to consider later life care costs from two different perspectives.First, some members of their workforce are likely to need to finance care in later life, well past the age that they are likely to have a ...
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ArticleRos Altmann: How can employers support staff with later life care costs?
Employers could help staff with later life care costs. Employers offer employee benefits packages including pensions, life insurance, health and ill-health cover, but there is no specific benefit that recognises requirements for later life care. And people will need help not only for their own care, but perhaps for their ...
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ArticleGovernment to invest in battery technology and autonomous vehicle development
The government will invest £246 million into the research and development of battery technology and £25 million into connected and autonomous vehicle development.The four-year £246 million investment, known as the Faraday Challenge, will form a key part of the government’s industrial strategy, which aims to tackle long-term challenges in the ...
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Supplier articleA look inside the world of global employee recognition
by Chloe Deiulis, content marketing manager at Reward GatewayWe're excited about the next generation of employee recognition and employee recognition programmes. You can find a snapshot of our latest research into the changing landscape of employee recognition in our infographic below, or in our latest announcement, which shows a new ...
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ArticleLorica relaunches in the employee benefits market
Corporate wealth management organisation Lorica has re-entered the employee benefits market to offer financial wellbeing and pension support services to employers.The organisation, which sold its employee benefits business to consultancy Aon in 2014, launched its new benefits proposition on 1 June 2017. Lorica continued to operate as a wealth management ...
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ArticleEXCLUSIVE: 19% have employer-provided private medical insurance
EXCLUSIVE: Less than one-fifth (19%) of UK respondents are covered by private medical insurance (PMI) provided by their employer, according to research by Cigna.Its 360 wellbeing survey, which surveyed 14,219 adults across 13 countries, including 1,013 adults in the UK, also found that 61% of UK respondents do not have ...
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ArticleNewcastle City Council launches bikes-for-work scheme
Newcastle City Council has launched a bikes-for-work scheme for its 13,000 employees.The scheme, delivered by Bike2Work, a provider of the government’s bikes-for-work programme, has been introduced to help staff increase their fitness levels. The scheme also aims to reduce pollution in the area and ease local traffic congestion.Employees who register ...
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ArticleLunch and learn with Employee Benefits Summer School 2017
Employee Benefits Summer School will return in August to provide insights from leading experts on the key issues facing the employee benefits industry.Experts from Capita Employee Benefits, Embryocare, Legal and General, Simplyhealth, Nest, and Wealth at Work will discuss the latest benefits trends, challenges and opportunities for employers with Employee ...
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ArticleUS maritime organisation introduces 12 weeks of paid parental leave
Marine transportation and logistics organisation Crowley Maritime Corporation has introduced a new parental leave policy to allow its US-based staff to take 12 weeks of leave at full pay.The new benefit will enable full-time, shore-based US employees who have at least one year of service to take 12 weeks of ...
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Supplier article
Weighing up the merits of pensions guidance and advice
by Jonathan Watts-Lay, Director, WEALTH at workThe pension freedoms changed the face of retirement income options for many members of defined contribution (DC) schemes. Individuals now have to think about whether they want an annuity, drawdown, cash or a combination of options; when to access their pension; if it is ...
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Supplier articleThe benefits of a company induction programme
by Didi Korova, head of learning and people experienceDo you remember your first day at your job?Just like the start of a friendship or a relationship, the first few weeks of an employee joining a new company can be emotional and exciting, and for both the employee and their new ...
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ArticleGKN closes UK defined benefit scheme to future accrual
Engineering organisation GKN has closed its UK defined benefit (DB) pension arrangement to future accrual.The DB scheme closed to future accrual following a consultation with active members. As of 1 July 2017, members will receive pension benefits on a defined contribution (DC) basis.GKN operates a number of DB and DC ...
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ArticleSupreme Court rules that employment tribunal fees are unlawful
The Supreme Court has ruled that fees imposed on claimants to take employment law complaints to tribunal are unlawful.In the case, which was brought by trade union Unison against the Lord Chancellor, Unison contended that employment tribunal fees imposed by the Lord Chancellor under the Employment Tribunals and the Employment ...
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OpinionKate Hurn: Taylor Review advocates enhancing rights for dependent contractors
The government-commissioned review of modern working practices by Matthew Taylor calls for legislative change to help determine employment status more easily and recommends enhancing rights for workers.Taylor acknowledges the confusion created by the current category of workers, made up of bona fide employees and so-called limb (b) workers who are ...
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AnalysisHow to support employees through times of crisis
Need to know:UK organisations need to have a clear critical incident response policy in place that covers practical and emotional matters.Emotional and mental wellbeing support should be continuously communicated to employees, not just during times of crisis, so that they are aware that help is available to them.If an employer ...
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OpinionDr Paul Litchfield: BT supports employees in all aspects of wellbeing
At BT, we have a philosophy of promoting the wellbeing of our people: it’s the right thing to do and it’s good for business. The drivers of wellbeing that we focus on are not just physical and psychological health but also security, relationships, the environment and purpose. In these uncertain ...