All Employee Benefits articles in Web Issue – Page 1112
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ArticleHigher life expectancy means employees are not saving enough for retirement
Employees are not saving enough for retirement because they are pessimistic about their life expectancy, according to research by the Institute for Fiscal Studies (IFS).Its study, Subjective expectations of survival and economic behaviour, which is based on analysis of data from the English Longitudinal Study on Ageing, found that employees ...
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ArticleABI voluntarily reports 16.5% median gender pay gap
The Association of British Insurers (ABI) has voluntarily reported its gender pay data with a 16.5% median gender pay gap and 19.6% mean gender pay gap for fixed hourly pay.The organisation, which employs just under 100 staff, is not legally obliged to report these details under the gender pay gap ...
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Case StudiesExplore Learning uses employee feedback to tailor benefits strategy
Private education organisation Explore Learning takes employee feedback on board when fine-tuning its benefits strategy.Its expanding benefits package includes a health and wellbeing toolkit, enhanced maternity pay, a maternity package which includes its tailormade Mum's the Word scheme, and the option to buy or sell holiday. In April, Explore Learning ...
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Case StudiesThe benefits offered by Explore Learning
The employee benefits offered by Explore Learning:Pension and group risk Group personal pension scheme. Matching contributions up to 4% for assistant managers, and up to 8% matched by employer for centre directors and head office staff.Life assurance for centre directors with over two years’ service.Critical illness insurance.Health and wellbeingPrivate medical ...
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Article86% believe employers do not do enough to support mental wellbeing
More than four-fifths (86%) of respondents do not feel employees are doing enough to support employees with work-related stress, anxiety and other mental health issues, according to research by Westfield Health.Its research, which surveyed 2,025 UK employees, also found that more than three-quarters (79%) of respondents think their employer could ...
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ArticleUniversity employees vote to accept proposal to resolve pension dispute
University employees, who are members of the trade union University and College Union (UCU), have voted to accept proposals aimed at resolving the university pensions dispute.Just under two-thirds (64%) of members voted in favour of accepting the proposal. The decision has averted a second series of strikes that were scheduled ...
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Article40% of employees are happy with their benefits package
Just two-fifths (40%) of respondents are happy with the benefits package offered by their employer, according to research by Willis Towers Watson.Its Global benefits attitude survey, which surveyed 2,824 employees, also found that almost three-quarters (72%) of respondents who are able to tailor their provision via flexible benefit schemes, feel ...
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OpinionKaren Holden: What should employers consider when distinguishing self-employed workers?
Recent media attention has raised the question: 'Are you an employee or genuinely a self-employed contractor?' BBC presenter Christa Ackroyd was held liable for tax in excess of £400,000 because the courts considered her to be an employee of the BBC, despite her services being paid through a separate limited ...
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Supplier article
The benefits of exercising as a family
Getting children interested in exercise can be difficult and establishing healthy habits in early life are vital. Being physically active as a family can be not only beneficial for children but parents too.Establishes healthy habitsShocking figures have highlighted that there are now 124 million obese children worldwide. Children develop habits ...
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ArticleAnglian Water and Three UK shortlisted for best healthcare and wellbeing benefits
Anglian Water (pictured), Three UK, Live Nation Entertainment and Universal Music Group are among the organisations that have been shortlisted in the best healthcare and wellbeing benefits, large employer category at the Employee Benefits Awards 2018.This award celebrates the most effective healthcare and wellbeing strategies that have been implemented by ...
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ArticleTotal pay increases by 0.1% in real terms
Total pay for employees in Great Britain, including bonuses, increased by 0.1% in real terms between December 2016 to February 2017 and December 2017 to February 2018, according to research by the Office for National Statistics (ONS).Its UK labour market: April 2018 report also found that regular pay, excluding bonus ...
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ArticleEXCLUSIVE: YellowDog sees 20% take-up of employer-paid cycling scheme
EXCLUSIVE: Software organisation YellowDog has seen 20% of its 22 Bristol-based employees take-up its employer-paid cycling scheme since it was introduced in December 2017.The scheme, provided by free2cycle, was implemented in order to help employees have a more environmentally friendly commute, as well as to help attract, engage and retain ...
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ArticleKroger enhances education, pay and pension benefits
Food retail organisation Kroger has enhanced its employee benefits offering for US employees to introduce new education benefits, increase employer pension contributions and accelerate pay rises.As part of Kroger’s new Feed your Future education programme, the organisation has introduced a new education benefit to enable all full and part-time employees ...
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Case StudiesUniversal Music Group offers virtual GP service to all UK staff
Universal Music Group’s UK division provides a virtual GP benefit as part of its health and wellbeing strategy.The organisation, which employs over 1,300 staff across its business entities in the UK, including Capital Records, Island Records, Virgin EMI and Abbey Road Studios, launched the virtual GP service in May 2015, ...
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AnalysisIs there a role for virtual GPs in a health and wellbeing strategy?
Need to know:Virtual GP services enable employees to access medical advice online, via an app or via a telephone service.Virtual GP services registered with the Care Quality Commission (CQC) are strictly moderated.Virtual GP services can help to reduce absenteeism and increase productivity.Over the past few years, virtual GP services have ...
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AnalysisInfographic: Why employees do not always seek medical advice promptly
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ArticleThe Environment Agency named top employer for workplace mental wellbeing
The Environment Agency has been named as the number one employer for workplace mental wellbeing in the Workplace wellbeing index awards 2017-2018, compiled by mental health charity Mind.The awards, now in their second year, celebrate and recognise employers who are promoting and supporting positive mental health in the workplace, as ...
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ArticleRoyal Bank of Scotland to pay £3.5bn into DB pension fund
The Royal Bank of Scotland (RBS) is to pay £3.5 billion into its main defined benefit (DB) pension scheme in order to prepare for ring-fencing legislation effective in January 2026.The banking organisation has confirmed a memorandum of understanding agreement with the trustees of its RBS Group Pension Fund. This includes ...
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Article67% of employers do not offer financial support or guidance
More than two-thirds (67%) of respondents do not provide financial support or guidance for their employees, according to research by Thomsons Online Benefits.Its UK Employee benefits watch report 2018: Creating the ultimate employee connection report, which surveyed 450 UK employers representing approximately 1,800,000 employees, also found that 70% do not ...
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ArticleConfessions of a benefits manager: Candid looks into retirement planning
I need you to know I am really not that old. It is true that a girl in the bank told me, condescendingly, that ‘nowadays’ people do not ask for statement folders. It is also true my hairdresser keeps referring to her mother and me in the same sentence. Yet, ...