All Employee Benefits articles in Web Issue – Page 106
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ArticleCumberland Building Society launches neurodiversity toolkit
The Cumberland Building Society has launched a neurodiversity toolkit to help inform its workforce about neurodiversity and the challenges neurodiverse individuals face both in the workplace and day-to-day life.The toolkit includes stories of neurodiverse colleagues, information about the strengths and challenges of neurodiverse conditions and the benefits of neurodiversity in ...
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Article53% of employers do not think the living pension meets basic retirement needs
Employee Benefits poll: More than half (53%) of organisations do not think the living pension goes far enough to support employees in building a pension pot that meets basic retirement needs, according to a survey of Employee Benefits readers.One-third (33%) said they did think the living pension goes far enough ...
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Supplier articleHow cholesterol checks can positively affect your workforce
Routine cholesterol checks on the NHS aren’t necessarily easy to come by these days. They are offered during health checks at key ages above 40, but many of the UK population aren’t aware of this and, even if they are, they often don’t have the time to ...
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Article
Poll: Do you think the pension pot-for-life plans announced in the Autumn Statement will help employees to manage their pension?
Take part in our latest readers’ poll on a current topical issue. Last week, Employee Benefits reported that Chancellor of the Exchequer Jeremy Hunt announced plans to offer a pension pot for life in the Autumn Statement 2023.This will give employees a legal right to require a new employer to ...
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ArticleApple, Microsoft and UKG named World’s Best Companies of 2023
Tech firms Apple and Microsoft, and HR, payroll and workforce management solutions provider UKG have been named as some of the World’s Best Companies of 2023 by Time magazine.To determine the list, Time partnered with Statista and evaluated firms based on employee satisfaction, revenue growth and sustainability. Surveys were conducted ...
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ArticleFoster Denovo Group acquires employee benefits arm of Punter Southall Aspire
Foster Denovo Group has agreed to acquire Punter Southall Aspire’s employee benefits business.Signed on 16 November, the deal is set to complete by the end of the year. The businesses will combine under Foster Denovo’s employee benefits division Secondsight.The transaction will see 56 Punter Southall staff, led by current managing ...
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ArticleIAG Loyalty launches financial wellbeing support for staff
Customer loyalty programme provider IAG Loyalty has introduced new financial wellbeing support for its more than 600 employees?as part of a drive to expand wellbeing assistance.Provided by AI-powered household money-saving tool Nous.co, the support is offered to IAG Loyalty employees through a subscription. The platform manages services including energy, mortgages, ...
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Supplier articleThe UK Chancellor of the Exchequer, Jeremy Hunt, delivered the government’s Autumn Statement 2023 on 22 November.
Importance of understanding the implications for businesses and individuals Being informed about the UK budget helps people make informed financial decisions, adapt to changes in the economy, and proactively manage both personal finances in response to government policies and priorities. Overview of theme of the budget: avoid ...
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ArticleNewton hires Helen Beurier as chief people officer
Management consultancy Newton has appointed Helen Beurier as chief people officer and partner to further strengthen its leadership team.Beurier will assume her new role in January 2024 and will become a member of Newton’s senior executive team and board. Responsible for driving its people agenda forward by developing global organisational ...
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Supplier article5 ways anonymous employee feedback will increase your engagement levels
Ever wondered what turns a regular workplace into a hub of enthusiasm and innovation? Enter anonymous employee feedback – the simple secret that not only makes everyone feel heard and valued, but also turbocharges your engagement levels. Discover how the simple act of listening can turn improve ...
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ArticleShell UK reports -31.4% to 38.9% mean ethnicity pay gaps
Shell UK has reported mean ethnicity pay gaps for 2023 that range from -31.4% to 38.9%, compared to -5.% to 36.2% in 2022.The energy firm calculates its ethnicity pay gaps using six ethnic groups.For mixed and multiple ethnic groups, the mean and median ethnicity pay gaps were 26.3% and 30.7% ...
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ArticleVirgin Money reports 26.4% mean hourly gender pay gap
Virgin Money has reported a 26.4% mean hourly gender pay gap for 2023.This is lower than its 32.5% gap for hourly fixed pay at April 2017 and 36% in April 2016.The financial services firm’s median hourly pay gap was 34.6%, with 61.2% of males and 38.8% of females in its ...
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ArticleBoots completes £4.8 billion pension scheme buy-in
Credit: Martin Good / Shutterstock.comRetailer Boots has completed a £4.8 billion pensions buy-in.The transaction with Legal and General will secure the benefits of all 53,000 retirees and deferred members of the scheme. This buy-in begins the conclusion of a de-risking process that the scheme first embarked on in 2001.Aon acted ...
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OpinionLovewell's logic: Are pots for life the way to boost pensions engagement?
In his Autumn Statement on Wednesday (23 November), Chancellor of the Exchequer, Jeremy Hunt, announced plans to introduce the concept of employees having a single pension pot for life. Should this come to fruition, the move would mark a significant departure from the traditional model for workplace ...
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Article
Boots completes £4.8 billion pension scheme buy-in
Retailer Boots has completed a £4.8 billion scheme buy-in for its pension scheme.The transaction with Legal and General will secure the benefits of all 53,000 retirees and deferred members of the scheme. This buy-in begins the conclusion of a de-risking process that the scheme first embarked on in 2001.Aon acted ...
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ArticleThe top 10 most-read articles between 17 - 23 November 2023
The top 10 most-read articles on employeebenefits.co.uk between 17 - 23 November 2023 were: UK Supreme Court rules Deliveroo riders are not workersNational living wage to increase in April 2024Exclusive: Unum UK introduces exercise and wellbeing benefit for staff42% of employers plan to reduce flexibility for staff in 2024Tribunal rules ...
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ArticleMaths, Business and PE GCSEs result in higher lifetime earnings
Something for the weekend: We often hear of the impact higher education qualifications can have on earnings potential, but it appears that selecting certain GCSE subjects could also give salaries a boost in later life, according to research by online tutoring service Tutor House.Its analysis of the Office for National ...
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ArticleInverclyde Council awards staff pay rise
Inverclyde Council has announced that the majority of its 4,000 members of staff will receive a pay rise before Christmas.The council will implement a pay increase agreed by the Convention of Scottish Local Authorities (COSLA) leaders earlier this month. The increase is part of a revised pay offer from COSLA ...
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ArticleGBS Automation introduces occupational health services
GBS Automation has launched occupational health services for its 25 employees in order to support their health and wellbeing.The firm specialises in the design and manufacture of industrial automation equipment for the fast-moving consumer goods industry, including baking equipment. As its employees are exposed to fabrication processes, chemicals and activities ...
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ArticleHow will the Autumn Statement 2023 affect pay, pensions and employee benefits?
Autumn Statement 2023: Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement speech in the House of Commons on Wednesday 22 November. A number of key announcements were made that will affect pay, pensions and benefits.Autumn Statement: Government announces plans to offer pension pot for lifeAutumn Statement: State pension ...