All Employee Benefits articles in Web Issue – Page 1045
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ArticleEAT ruling on voluntary overtime's inclusion in holiday pay raises practical considerations
In July 2017, the Employment Appeal Tribunal (EAT) dismissed an appeal by Dudley Metropolitan Borough Council, ruling that voluntary overtime should be included in calculations for holiday pay.The case, Dudley Metropolitan Borough Council v Mr G. Willetts and others, was originally brought to the Employment Tribunal (ET) by 56 council ...
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ArticleEXCLUSIVE: MJ Mapp recognises staff with personalised treat boxes
EXCLUSIVE: Property management organisation MJ Mapp has awarded more than 250 personalised treat boxes to its employees as part of its values-based recognition scheme.The treat boxes, provided by Treat by Child.org, were first piloted in August 2016 for the organisation’s 250 employees across five regional offices. The one-month pilot trialled ...
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ArticleThe Pensions Regulator names schemes that fail to meet basic auto-enrolment duties
The Pensions Regulator (TPR) has published the names of workplace pension schemes whose trustees have been fined for not providing legally required documentation.Fines were issued to pension trustees for failure to submit scheme returns after receiving a warning from TPR, and for failure to prepare a chair's statement.Pension schemes that ...
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Article
14-15: Sickness absence
Proportion of respondents that measure the level of sickness absence in their organisationThey do 70%They do not 30%Sample: All respondents (93)The number of days sickness absence employees in respondents’ organisations take on average per year1-2 16%3-5 41%6-10 18%11-15 2%More than 15 3%Do not know 21%Sample: All those who measure sickness ...
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ArticleNorthern gains living wage accreditation
Rail operation organisation Northern, which employs 5,600 staff, has been accredited as a living wage employer by the Living Wage Foundation.The organisation has increased pay for 185 employees, including train presentation operatives, to raise wages from £7.83 an hour to the voluntary living wage rate of £8.45 an hour. The ...
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Supplier articleFinancial wellbeing — are we doing the right things?
Gethin Nadin, director, global partnerships, BenefexAlmost two years ago, we were told that rents were rising, mortgages were getting more expensive, consumer debt was increasing and that there was a real need for financial wellbeing in the workplace.So, what has changed? Not a lot, in my opinion. Debt continues to ...
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ArticleEmployers expect median basic pay to rise by 1%
Median basic pay is expected to increase by 1% over the 12 months to June 2018, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Adecco Group.Its Labour market outlook: summer 2017 report, which surveyed 1,139 HR professionals and senior decision makers, also found that ...
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ArticleTata Steel gains initial approval for pension scheme restructure
Tata Steel UK and trustees of the British Steel pension scheme (BSPS) have agreed a restructuring deal, which has been granted initial approval by The Pensions Regulator (TPR).Under the agreement, Tata Steel UK will pay £550 million to the British Steel pension scheme (BSPS) to meet conditions of a regulated ...
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ArticleRehabWorks acquires Crystal Palace Physio Group
Healthcare organisation RehabWorks has acquired musculoskeletal service provider Crystal Palace Physio Group.The acquisition has been formally completed by Archimed SAS, a health-focused private equity fund that owns injury management and rehabilitation business RehabWorks as well as workplace wellbeing organisation Right Corecare.The new combined business will have 334 staff across 20 ...
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Article
6, 7, 8, 9 - Strategy
The estimated cost to respondents of providing healthcare benefits (including the cost of insurance, adviser, consultant, administration and/or communication)Less than 1% of payroll 21%1-3% of payroll 33%4-6% of payroll 13%7-9% of payroll 1%More than 10% of payroll 3%Do not know 30%Sample: All respondents (104)The factors that influence respondents’ decisions to ...
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Supplier article
Red Letter Days For Business changes name
Red Letter Days For Business has announced that from today it will be changing its name to ‘Red Letter Days Motivates’ to reflect the launch of the company’s new strategic direction and services.After yet another successful year in 2016, Red Letter Days For Business welcomed the arrival of new Corporate ...
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Supplier articleHow changing a daily commute helps beyond improving employee wellbeing
By Nick Hudson, head of physical activity at Reward GatewayI suffer from two common issues that could prevent me from being physically active. We’ve talked about them before: Lack of time, and lack of money.Though I am kidding, I understand that these are real challenges that my colleagues and peers ...
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AnalysisHow is pensions education changing?
Need to know:Pensions education should explore how all of an employee’s savings options can be optimised to allow for the greatest retirement income over the longest timeframe.The shift from defined benefit (DB) to defined contribution (DC) schemes, as well as the introduction of the pension freedoms in 2015, has changed ...
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Case StudiesSovereign sees pension contributions rise after education sessions for contact centre staff
Housing association Sovereign has seen its employer pension contributions, which are provided on a matching basis to reflect employees’ contributions, increase by £3,500 each month after introducing a new pensions education initiative for its 130 customer contact centre staff.The pensions education programme, provided by Better with Money in March and ...
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OpinionChris Curry: The changing face of retirement in the UK
The process of retirement in the UK has changed. It used to be a relatively simple process. As soon as you reached state pension age, your employer would thank you for your service, tell you that you were free to go and you would stop working and settle down to ...
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ArticleEmployee Benefits Summer School to deliver e-learning via video series
Employee Benefits Summer School 2017 will launch today (Tuesday 15 August), providing insight on the latest issues shaping the benefits landscape, delivered via a series of bite-sized videos.The e-learning tools feature Employee Benefits editor Debbie Lovewell-Tuck in conversation with industry experts, covering topics such as financial wellbeing and pensions governance.This ...
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ArticleSSE hedges £1.2bn of longevity risk for two defined benefit pension schemes
Energy organisation SSE has hedged pension longevity risks of £1.2 billion across two of its defined benefit (DB) pension schemes through the completion on one longevity insurance and two buy-in transactions.The two buy-in transactions, conducted with Pension Insurance Corporation (PIC), totalled £350 million. This included a buy-in for SSE’s Scottish ...
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Article77% of manufacturing organisations are aware of the Fit for Work service
More than three-quarters (77%) of employer respondents in the manufacturing sector are aware of the government’s Fit for Work service, and 7% of these respondents have used it, according to research by manufacturers' organisation, EEF.Its Employee health: making industrial strategy work for Britain report, which surveyed 264 manufacturing organisations that ...
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ArticleGlasgow City Council agrees 6% annual pay increase for school janitors
Janitors who work for Glasgow City Council in primary, nursery and additional support for learning (ASL) schools and are members of the trade union Unison have agreed a 6% annual pay increase following a long-running pay dispute.The pay deal, which came into effect on 14 August 2017, will increase the ...
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ArticleEquality and Human Rights Commission recommends measures to reduce pay gaps
The Equality and Human Rights Commission (EHRC) has recommended that employers in the UK, Scotland and Wales offer all jobs, including the most senior positions, on a flexible and part-time basis to help employees retain skilled positions in the workplace.The recommendation forms part of the Commission’s Fair opportunities for all: ...