All Employee Benefits articles in Web Issue – Page 1053
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ArticleThe Pensions Quality Mark appoints Gregg McClymont as chair
The Pensions Quality Mark (PQM) has appointed Gregg McClymont as chair.McClymont is head of retirement at investment organisation Aberdeen Asset Management, and he previously served as shadow minister of state for pensions between 2011 and 2015.McClymont is also deputy chair of the Financial Conduct Authority’s (FCA) working group on institutional ...
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ArticleTake part in exclusive pensions research
What are the main retirement concerns facing your employees? What retirement support does your organisation offer staff? Is your organisation aware of how the General Data Protection Regulation (GDPR) might impact workplace pensions?Tell us how your organisation approaches pension saving and helps staff prepare for retirement by taking part in ...
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ArticleTPR to prosecute Stotts Tours Oldham for pensions auto-enrolment failure
The Pensions Regulator (TPR) is to prosecute bus services organisation Stotts Tours Oldham and its managing director for failing to automatically enrol 36 employees into a workplace pension.The Greater Manchester-based organisation and managing director Alan Stott have been summoned to appear at Brighton Magistrates’ Court on 4 October 2017 to ...
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ArticleStefan Stern: What impact will CEO-to-employee pay ratio legislation have?
In the short term, there will be only a limited impact. We already know that there are some large gaps in pay in many workplaces. It is possible that there will be a few pleasant surprises, particularly as we work our way down the FTSE 250 index and into some ...
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ArticleCharles Cotton: What impact will CEO-to-employee pay ratio legislation have?
There is no doubt that the continuing polarisation of pay and reward between chief executive officers (CEOs) and employees in the UK has come to a head. According to the latest Chartered Institute of Personnel and Development (CIPD) and High Pay Centre research, published in August 2017, for every pound ...
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ArticleDavid Hughes: What impact will CEO-to-employee pay ratio legislation have?
The government's tactic of naming and shaming organisations where there is significant shareholder opposition to senior executive remuneration packages raises the possibility of negative publicity for organisations with the largest disparity between executive salaries and workers' pay. It may already have started to take effect, with the average pay of ...
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Article
Nicolaides takes on UK reward at Whitbread
Hospitality organisation Whitbread has hired Nicos Nicolaides as its new head of UK reward and performance.Previously, Nicolaides was director, compensation and benefits at multinational hotel organisation InterContinental Hotels Group. He has also worked as international reward manager at DSG International, reward manager at Amey, and reward manager at First Choice ...
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Supplier article
The jury is out on Pension Advice Allowance (PAA)
By Jonathan Watts-Lay, Director, WEALTH at workThe Pension Advice Allowance (PAA) became available this April to help individuals pay for the cost of regulated financial advice for retirement.The allowance enables individuals to withdraw £500 from their pensions, at any age and up to three times but only once in a ...
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Supplier article
WEALTH at work online poll – pensions transfer
Since the pension changes we have seen a rise in employees wanting to transfer their defined benefit (DB) pension scheme into defined contribution (DC) pensions.However, transferring from a DB pension scheme can mean that employees will be giving up valuable guaranteed benefits and they might find themselves worse off.Partial transfers ...
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ArticleAcas reports a 7.1% mean gender pay gap
Corporate guidance and advice organisation Advisory, Conciliation and Arbitration Service (Acas) has reported a mean gender pay gap of 7.1% for hourly fixed pay at 31 March 2017.The organisation has recorded its snapshot data for 31 March 2017 in compliance with gender pay gap reporting regulations. The data has been ...
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ArticleFleishmanHillard Fishburn launches new benefits to support work-life balance
Public relations organisation FleishmanHillard Fishburn has launched a range of new benefits to support employees' work-life balance, including flexible working, lifestyle and family-friendly benefit schemes.The new benefits were implemented on 11 September 2017 as part of the organisation’s #Listeningface campaign. This involved collecting feedback from FleishmanHillard Fishburn’s 250 employees via ...
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ArticleAcorne Rewards rebrands as Virgin Incentives
Acorne Rewards has rebranded as Virgin Incentives.The employee reward and recognition business, which provides experience and lifestyle rewards, includes brands such as Virgin Experience Days, The Virgin Gift Card, and Leisure Vouchers. The rebrand will also enable Virgin Incentives to work with other Virgin organisations.The rebrand has occurred alongside equity ...
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ArticlePolice and prison officers to receive pay rises above 1%
Police officers across England and Wales are to receive a 2% pay award for 2017-2018, and prison officers are to see their pay rise by an average of 1.7%.The pay award for police, effective from 1 September 2017, includes a 1% increase in base pay and a one-off, non-consolidated 1% ...
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Article58% cite flexible working as most valued benefit
More than half (58%) of employee respondents cite flexible-working hours as the benefit they value as the most important, according to research by Sodexo Engage.Its survey of 2,001 UK adults also found that 47% of respondents identify a high salary as the benefit they value as the most important, compared ...
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ArticleSuperdry founders to fund long-term incentive scheme for 4,500 global staff
Global clothing retail organisation SuperGroup, which owns the Superdry brand, has launched a long-term incentive scheme for its 4,500 global employees, which will be funded by the organisation's founders.The three-year scheme, which will run between 1 October 2017 and 30 September 2020, will see SuperGroup founders Julian Dunkerton and James ...
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Case StudiesHow the University of Lincoln is preparing for the General Data Protection Regulation (GDPR)
Ian Hodson, head of reward at the University of Lincoln, is acutely aware of the amount of work that will be needed in order to comply with the General Data Protection Regulation (GDPR). “We are at the stage of coming up with an action plan and a workplan of trying ...
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OpinionJulie Hodgskin: Payroll and the General Data Protection Regulation
Part of the process of preparing for the new General Data Protection Regulation (GDPR) will be to perform a payroll information data cleanse. This needs to be planned and methodically carried out by 25 May 2018.The Information Commissioner’s Office has given us a tool to use in the form of ...
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AnalysisHow will the General Data Protection Regulation (GDPR) affect pay and benefits?
Need to know:Technology has changed how organisations share and store personal data. It is no wonder that the General Data Protection Regulation seeks to bring data privacy into the 21st century.Employers should not underestimate the complexity of the regulation and should start preparing now.Employment contracts and agreements with benefits providers ...
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Supplier article
How organic food helps employees
A growing employee benefit is the delivery of fresh fruit to the workplace. Looking after your employee health and wellbeing is increasingly important to assist with employee engagement in the workplace.This month is Organic September so Health Shield is looking at why organic food is best for your employees.Organic food ...