All Employee Benefits articles in Web Issue – Page 1098
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ArticleMcKinsey and Company reports a 23.8% mean gender pay gap
Business management consultancy McKinsey and Company has reported a 23.8% mean gender pay gap for fixed hourly pay.The organisation has reported its gender pay gap data in line with the government’s gender pay gap reporting regulations and ahead of the private sector submission deadline of 4 April 2018.The gender pay ...
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OpinionCatherine Rickard: Student loan repayment help recognises employees' wider financial situations
Major changes associated with expanding higher education provision have increased the levels of debt held by millennials as they enter the labour market, as well as the number of people affected by such immediate debt.Projections have shown that graduates will be paying off student debt well into their 40s and ...
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Case StudiesMitie used workplace loans to launch financial wellbeing strategy
Outsourced facilities management organisation Mitie introduced workplace loans for its 53,000 UK employees in order to kickstart its financial wellbeing strategy.Its workplace loan scheme, which was introduced in December 2017 and is provided by SalaryFinance, is aimed at helping Mitie to facilitate access to a practical financial benefit that enables ...
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AnalysisWhat role do workplace loans play in a financial wellbeing strategy?
Need to know:A workplace loan scheme enables employees to access a loan through their employer’s benefits package, which they then repay through salary deductions from net pay.Workplace loans can be a useful tool to help employees develop savings habits, as once the loan is repaid, the salary deduction model can ...
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OpinionClaire Carey: How can employers and trustees prepare for GDPR?
On 25 May 2018, a new data protection law will come into force across Europe aimed at creating a uniform set of requirements fit for the digital age. While much of the General Data Protection Regulation (GDPR) will feel familiar, some important changes are on the way. With fines of ...
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ArticleSupreme Court to hear Pimlico Plumbers employment status case
The Supreme Court is to review a Court of Appeal decision today (Tuesday 20 February 2018), which ruled that former plumber Gary Smith worked for Pimlico Plumbers as a worker rather than as a self-employed contractor, entitling him to employment rights such as access to reasonable adjustments and holiday pay.The ...
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ArticleManchester Mears to award 20% pay rise in equal pay dispute
Housing maintenance employees who work for repair and maintenance organisation Mears in Manchester are to receive a 20% pay increase as a result of strike action over an equal pay dispute.Approximately 180 employees, who are members of the trade union Unite, employed by Manchester Mears and Manchester Working, a joint ...
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ArticleCammell Laird employees accept five-year pay deal
Approximately 700 employees who work for shipbuilding organisation Cammell Laird, and who are members of trade unions Unite and GMB, are to receive a five-year pay deal, backdated to July 2017.The pay deal, which has been facilitated by the Advisory, Conciliation and Arbitration Service (Acas), is divided into two terms, ...
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Supplier article
How employers can help employees to improve their posture at work
Did you know that 8.9 million working days were lost in 2016/2017 due to work related musculoskeletal disorders and that 507,000 workers suffer from the disorder? Sitting for prolonged periods of time can cause and aggravate back pain, as it puts pressure on your back muscles and spinal discs. Employers ...
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ArticleEXCLUSIVE: Learn to embrace a savings culture at Employee Benefits Connect 2018
EXCLUSIVE: Delegates at Employee Benefits Connect 2018 will be able to learn about the importance of creating a savings culture in order to support employees with their financial wellbeing and monetary goals.Jeanette Makings (pictured), head of financial education services at Close Brothers Asset Management, and Simon Williams, senior financial planner ...
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ArticleIrwin Mitchell reports a 12.8% mean gender pay gap
Law firm Irwin Mitchell has reported a 12.8% mean gender pay gap for fixed hourly pay as at 5 April 2017.The organisation has reported its gender pay gap data in line with the government’s gender pay gap reporting regulations and ahead of the private sector submission deadline of 4 April ...
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Article20% believe they will never be able to retire
One-fifth (20%) of employee respondents believe they will never be able to retire due to poor financial planning, according to research by Wealth Wizards.Its Working late: pension savings and delayed retirement report, which surveyed 500 employers and 1,000 UK employees aged between 18 and 65, also found that 86% of ...
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Supplier article
The benefits of wearable technology in the workplace
Wearable technology can be a useful tool for employers to promote a healthier lifestyle with employees, especially items such as fitness trackers, smart watches, wearable glasses and sport watches. Healthy employees take fewer sick days and are more productive! Investing in physical activity in the workplace can also mean fewer ...
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ArticleDoes the government’s response to the Taylor review go far enough to protect workers?’
The way we work is changing and on my way home tonight, the chances are I’ll see Deliveroo cyclists in their high-vis jackets and Uber cars on the streets. While the gig economy is one of the most visible and dramatic ways in which the nature of work is changing, ...
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OpinionBen Willmott: Improving the modern world of employment with the Taylor report
The increase in self-employment over the last few years plus the rise of the ‘gig economy’ has seen an increasing debate about the pros and the cons of these so-called atypical working arrangements. A key issue has been employment status and rights because many people are not clear on what ...
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OpinionJonathan Watts-Lay: Helping employees to focus on their finances
It is not uncommon for employees to face financial worries at various stages of their life, whether that is dealing with debt, concerns over retirement savings or making their monthly budget work.The link between debt, money worries and stress, lower productivity and absenteeism are increasingly recognised by employers and many ...
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Case StudiesSSE provides contractors with same financial wellbeing benefits as permanent staff
Energy provider SSE believes that all employees, whether they are employed permanently, on a fixed-term contract, or as part of its trainee programme, should have the same access to the organisation's financial wellbeing benefits package.Its 200,000 employees, which includes 500 trainees and a large number of contractors, have access to ...
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AnalysisWhy support financial wellbeing for different types of workers?
Need to know:Employers should consider offering financial education to all employees and workers regardless of the length of their contract or employment status.They should communicate clearly what financial wellbeing benefits are on offer.Productivity can increase if employees are not worried about their financial health.The workforce dynamic is evolving, with a ...
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Supplier article
Survey: 2018 Global Medical Trend Rates
Aon is pleased to present the results of its 2018 survey of average medical trend rates from countries around the world. The survey was conducted among 98 Aon offices that broker, administer, or otherwise advise on employer-sponsored medical plans in each of the 98 countries covered in this report.Download the ...
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ArticleTesco reports a 12% mean gender pay gap
Supermarket organisation Tesco UK Retail has reported a 12% mean gender pay gap for fixed hourly pay across its five UK entities as at April 2017.The organisation has reported its gender pay gap data across its 225,000 UK employees in line with the government’s gender pay gap reporting regulations and ...