All Employee Benefits articles in Web Issue – Page 1072
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ArticleBroadstone Group acquires Mitchell Consulting and 2020 Trustees
Employee benefits and pensions consultancy organisation Broadstone Group has acquired Manchester-based independent actuarial consulting business Mitchell Consulting, and independent trustee organisation 2020 Trustees.The acquisitions have increased Broadstone Group’s employee headcount to 170 staff in total, and has also expanded its regional UK network to reach across five locations. This includes ...
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Article49% of employers have no reward or recognition programme in place
Under half (49%) of employer respondents do not have a formal reward or recognition programme in place, according to research by Perkbox.Its survey of 1,600 UK employers also found that 49% of respondents do not offer their employees the option to work from home.The research also found:52% of respondents state ...
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ArticleTribunal rejects Uber appeal in employment-status case
The Employment Appeal Tribunal (EAT) has upheld the ruling against taxi organisation Uber, stating that its drivers are employed as workers and are entitled to employment rights such as the national minimum wage and holiday pay.In the case of Aslam and Farra v Uber, the drivers contended that they were ...
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ArticleFTSE 350 defined benefit pension deficit falls to £67bn
The accounting deficit for defined benefit (DB) pension schemes for the UK’s 350 largest organisations decreased from £68 billion at the end of September 2017 to £67 billion on 31 October 2017, according to research by Mercer.Its Pensions risk survey, which is based on projections and analysis of FTSE 350 ...
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ArticleIneos Automotive hires Robertson
Ineos Automotive has hired Mornie Robertson as its HR director.Robertson, who has almost 20 years of HR experience, has expertise across the automotive, retail and technology sectors, and she has also worked in both European and Asian markets.Previously, Robertson worked at Tesla Motors, where she held a number of roles ...
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Article45% of respondents offer a group personal pension plan
Almost half (45%) of respondents offer a group personal pension as their primary pension scheme, according to research by Employee Benefits and Nest.This scheme has typically ranked high with respondents, and the September 2017 Pensions Research report, which surveyed 254 employee, found this year to be no exception.Although the numbers ...
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AnalysisThe impact of early intervention services on group income protection claims
Need to knowWorkplace health and wellbeing strategies that incorporate early intervention services can improve employee health and reduce absence costs.Providing access to fast and confidential advice, support and treatment services at the earliest stage of a health problem reduces both the likelihood of a long-term absence from work, and the ...
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Supplier article
Blindly selecting drawdown products is putting employees at huge risk of making costly mistakes
Latest findings from the FCA indicate that since the pension changes, twice as many pension pots have moved into drawdown than annuities. The proportion of drawdown bought without advice has risen from 5% before the freedoms to 30% now, and the vast majority (94%) of people who went into drawdown ...
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Supplier articleInternal communications: clarity and control is more important than ever
by Alistair Dunn-Coleman, product director, BenefexWe live in a world where the most valuable thing you own is your own attention. Websites, apps, notifications, collaboration tools, adverts, blogs and more are all jostling to grab the attention of your employees. It’s not just through their computers either, we’re nagging them ...
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Case StudiesOracle proactively supports its employees’ wellbeing with line manager support service
Technology organisation Oracle offers group income protection as a core employee benefit. In 2016, it introduced a dedicated service, branded Swift and provided by Unum, which enables line managers to support the wellbeing of employees.Michelle Bradshaw, compensation and benefits director, explains: “Line managers are often the first point of contact ...
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OpinionSally Wilson: Simple nudges can encourage employees to look after their own health and wellbeing
There are several relatively simple steps employers can take to address wellbeing at work with the potential to reduce claims related to ill health.For musculoskeletal (MSK) health, getting the basics right is essential and display screen equipment (DSE) assessment is an important example of this. Flexible working requires a re-think ...
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ArticleDebbie Lovewell-Tuck: Maximise the value of group risk benefits
As our Group Risk Week, in association with Ellipse, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Group risk benefits will rarely be perceived as the most glamorous or fun element of a benefits package. ...
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ArticleStotts Tours Oldham guilty of pensions auto-enrolment non-compliance
Bus services organisation Stotts Tours Oldham and its managing director have been found guilty of failing to automatically enrol 36 employees into a workplace pension.The Greater Manchester-based organisation and its managing director Alan Stott pleaded guilty to eight counts each of wilful failure to comply with automatic-enrolment duties under the ...
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ArticleAmazon investigates delivery drivers paid below minimum wage
Online retail organisation Amazon is investigating allegations that drivers working for an independent delivery business that provides some of Amazon’s delivery services are being paid less than the national minimum wage.A report from media organisation The Telegraph has alleged that some drivers working for SEP Logistics to deliver Prime Now ...
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Article33% cite staff want and need more guidance around their pension decisions
One third (33%) of respondents say that staff now want and need more guidance around their pension decisions at retirement.The Employee Benefits/Nest research 2017, which surveyed 254 employer respondents in September 2017, discovered that employees' desire for guidance continues to be prevalent due to the greater choice afforded to them ...
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Article37% have or will increase pension auto-re-enrolment costs
More than a third (37%) of respondents have seen, or will see, costs rising in relation to pension auto-re-enrolment, according to this year’s research.The rise in costs was cited by respondents, and the Employee Benefits/Nest research 2017, which also found that almost one-third (27%) of respondents have used this as ...
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Article31% of employers predict a basic pay increase of between 2% and 2.99%
Under a third (31%) of employer respondents anticipate a basic pay increase of between 2% and 2.99% in the next 12 months, according to research by The Chartered Institute of Personnel and Development (CIPD) and The Adecco Group.Its Labour market outlook: Autumn 2017 report, which surveyed 2,007 senior HR professionals, ...
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Article41% offer financial education to employees
Just over two-fifths (41%) of respondents actively offer financial education to their employees.This has been a marginal rise from previous years, according to the Employee Benefits/Nest research 2017. 28% of respondents offered financial education to their employees in 2016 and 32% in 2015.A further 13% of respondents said that while ...
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AnalysisHow to engage young employees with group risk benefits
Need to knowDifferent types of group risk protection becomes important at different life stages.Therefore, a one-size-fits all approach to engaging employees with group risk benefits is unlikely to be successful.Employers should speak with young employees to find out which group risk benefits they would find valuable.Young people often feel they ...
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Supplier articleChoosing the right communications channel
By Simon Andrew, Insight and Engagement DirectorWhat’s in a channel? If the message is strong, then it doesn’t matter how it’s delivered. Said someone who has never been dumped by text.Ok if truth be told, I haven’t either, but I have heard some horror stories over the years. You see, ...