All Employee Benefits articles in Web Issue – Page 1131
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ArticleAdvertised salaries for legal jobs increased by 13.1%
The average advertised salary for jobs within the legal sector has increased by 13.1% between June 2017 and June 2018, according to research by recruitment website CV Library.Its research, which compared job market data from June 2018 to the same data from June 2017, also found that advertised salaries for ...
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Supplier article
Defaults at-retirement – great for providers but what about scheme members?
Jonathan Watts-Lay, Director, WEALTH at work, has joined PMI TV in a video interview to discuss why the idea of defaults at-retirement is concerning and what the alternative could be.The background“The background to this really is that there’s been a lot of growing concern, I think since freedom and choice ...
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Case StudiesThe benefits offered by FitFlop
The benefits offered by FitFlop:Pension and group riskGroup personal pension scheme.Income protection (directors only).Health and wellbeingEither Private medical insurance (PMI) by AXA PPP, or dental cover by Denplan. Employees can choose only one option, but also have the option to fund PMI themselves. Eyecare vouchers, on-site optometrist and free eye ...
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Case StudiesFitFlop puts the feel-good factor into its benefits strategy
Footwear retailer FitFlop has personalised its health and wellbeing strategy by creating its own programme, structured around five key areas.With offices in Putney, as well as in the United States, Hong Kong, Vietnam and Germany, the company was determined to create an all-encompassing strategy that would have a positive impact ...
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ArticleHomes and Communities Agency staff strike in dispute over pay
Employees of executive non-departmental public body the Homes and Communities Agency who are members of the trade union Unite are undertaking a three-day strike in a dispute over pay.The strike action, which begins today (Tuesday 10 July 2018) and will finish on Thursday 12 July 2018, will feature picket lines ...
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Article35% want stress management as an employee benefit
More than a third (35%) of respondents want stress management as an employee insurance benefit, according to research by Cigna.Its 2018 Cigna 360° wellbeing survey report, which surveyed 14,467 employees across 23 countries, also found that 21% of respondents believe their employer's workplace wellness programme is inadequate to support their ...
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ArticleEmployee Benefits Live 2018 gathers experts for #MeToo debate
Employee Benefits Live 2018, Europe’s largest dedicated rewards and benefits event, has confirmed three prominent industry leaders to run a panel discussion on international sexual harassment and assault campaign #MeToo.Gina Martin (pictured), writer and upskirting campaigner, Sarah Maskell, head of diversity and inclusion at the Royal Air Force, Andrew Armes, ...
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OpinionAndrew Cross: Employers must address role of AI in the future workforce now
We are on the cusp of an era where automated processes and machine learning will profoundly change how businesses operate.It is virtually impossible to underestimate the potential transformative power of artificial intelligence (AI) systems. The ability of IT systems to process vast amounts of information, to 'think', infer meaning from ...
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Supplier article
Recognising employee emotional wellness
The health and emotional wellness of employees plays a significant part in a happy workplace. It is important to not only recognise their health but emotional wellness as 1 in 4 people are likely to experience a mental health problem each year which is likely to impact on their ability ...
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Article51% of UK employers check pay arrangements to ensure they meet equal pay obligations
Half (51%) of UK employer respondents have recently checked their pay arrangements to ensure they are meeting equal pay obligations, with a further 29% of respondents planning to do this in the near future, according to research by Willis Towers Watson.Its survey of 1,949 worldwide employers, including 79 based in ...
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ArticleInstitution of Engineering and Technology completes £50m pensioner buy-in
The Institution of Engineering and Technology has completed a £50 million pensioner buy-in transaction for the defined benefit (DB) IET Superannuation and Assurance Scheme.The transaction, completed with the Pension Insurance Corporation, covers the scheme’s 300 uninsured pensioner members.The buy-in has successfully reduced the pension scheme’s risks and has improved security ...
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ArticleAXA, Croydon Council and DWP recognised for equality and inclusion at ENEI Awards
AXA, Croydon Council (pictured), and the Department for Work and Pensions (DWP) were just some of the winners commended at the Employers Network for Equality and Inclusion (ENEI) Awards.The awards, which took place on 10 July 2018 at the Law Society, recognised organisations with a commitment to good practice, above ...
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AnalysisIn numbers: Summer holiday childcare costs and provisions in the UK
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Case StudiesBank of America Merrill Lynch supports working parents over school holidays
Bank of America Merrill Lynch offers its 6,500 UK employees a range of family-friendly benefits to support working parents with ad-hoc childcare arrangements during the long summer holidays.Around 35% of the bank’s workforce has some form of child or adult care responsibility. Adam Brooke, vice president, benefits consultant, UK and ...
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AnalysisHow can employers support employees’ summer holiday childcare requirements?
Need to know:Working parents may struggle to arrange childcare for the school summer holidays due to the increase in ad-hoc requirements compared to term time.Employers can implement various benefits, such as employer-funded back-up care or childcare search services, to help working parents plan for the summer break.An organisational culture that ...
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ArticleLeigh Day announces first 1,000 equal pay claims against Tesco
Following the announcement of legal action in February 2018, law firm Leigh Day has now lodged 1,000 equal pay claims against supermarket chain Tesco, and reports that it expects that number to rise because it has received thousands more enquiries.Approximately 75% of the claimants are female.The legal action, which may ...
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ArticleRentokil Initial Pension Trustee Limited fined £25,000 by The Pensions Regulator
Rentokil Initial Pension Trustee Limited has been fined £25,000 by The Pensions Regulator (TPR), for failing to complete two valuations for its defined benefit (DB) pension scheme, which has approximately 140 members.This is part of TPR's 'clearer, quicker, tougher' approach, initiated in April 2017, which has seen it issue nine ...
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Supplier article
Pensions cold call ban – time to send a clear message
The government have announced that the implementation of the Pensions cold call ban will be delayed until autumn this year.Jonathan Watts-Lay, Director, WEALTH at work, comments; “It’s time to send a clear message to pension scammers that this will not be tolerated, so the sooner this ban is implemented the ...
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Article30% admit that financial worries are their biggest concern
Financial worries are rife among UK employees, with 30% admitting this is their greatest concern. However, most employers believe that workers are more worried about work-life balance (44%) or workload (33%), according to research by financial wellbeing provider Neyber.The DNA of Financial Wellbeing, Book One, published by Neyber in July ...
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Supplier article
The importance of reward and recognition in healthcare and how to practise it effectively
The healthcare sector is facing a crisis as it struggles to keep hold of its employees in the UK. Earlier this year, it was reported that a total of 33,000 nurses (equivalent to 1 in 10) left the NHS in 2017. What makes this statistic particularly worrying is that just ...