All Employee Benefits articles in Web Issue – Page 1140
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Supplier article5 tips for improving employee wellbeing inside and out of work
Positive wellbeing is good for employees and employers alike. Research suggests it can have an impact on motivation, productivity, absenteeism and staff turnover. Indeed, figures from the Centre for Mental Health suggest that UK companies lose £34.9 billion in productivity as a result of mental health issues.The key challenge in ...
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Article£800m pensions buy-out completed for BHS defined benefit pension scheme
The BHS2 Pension Scheme, the defined benefit (DB) pension scheme of retailer BHS, has been subject to a full pension insurance buy-out, covering £800 million of pension liabilities for the scheme’s 9,000 members.The transaction, completed with the Pension Insurance Corporation (PIC), was viable due to the scheme’s trustees and advisers ...
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ArticleEXCLUSIVE: Paralympian Marc Woods to discuss leadership at Employee Benefits Live
EXCLUSIVE: Paralympic gold medalist, BBC commentator and author Marc Woods (pictured) will discuss how employers can create environments that allow employees to understand they have a role to play in organisational success at Employee Benefits Live 2018.The keynote address, titled ‘Unleashing your inner HR superstar’, will conclude the two-day event’s ...
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ArticleTPR and FCA launch awareness campaign on pension scams
The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have launched a joint awareness campaign to raise understanding of pension scams and the tactics employed by potential scammers.The ScamSmart awareness campaign, which launches today (Tuesday 14 August 2018), follows on from research conducted by the regulatory bodies in July ...
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Supplier articleThree lessons I learned from enterprising school students
By Jenny Fyans, Marketing ManagerHow often do you make the most of your time? I was recently given the opportunity to be on the judging panel for the Inner East London heat of the Young Enterprise Company Programme Awards (YECPA) – a beneficiary of the RG Foundation.The YECPA challenged students, ...
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Supplier article
Don’t ditch the LISA – it could be a great addition to the benefits package
The Treasury Committee has called upon the Government to abolish the Lifetime ISA (LISA) stating that it has received strong criticism over its ‘complexity, its perverse incentives, its lack of complementarity with the pensions saving landscape and its apparent lack of popularity with the industry and pension savers’.Jonathan Watts-Lay, Director, ...
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ArticleMorgan Stanley launches near-site workplace nursery benefit for London and Glasgow staff
Investment banking organisation Morgan Stanley has introduced a near-site workplace nursery benefit for 5,000 employees based at Canary Wharf, London and 1,000 staff in Glasgow.The new family-friendly benefit, provided by Bright Horizons, was launched in August 2018 as part of a broader wellness strategy that aims to support Morgan Stanley’s ...
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OpinionSimon DeMaid: Sleep-in carers not entitled to national minimum wage for time spent asleep
The Court of Appeal announced in July 2018 its ground-breaking decision in the case of Royal Mencap Society v Tomlinson-Blake, overturning the Employment Appeal Tribunal's (EAT) decision and ruling that employees on sleep-in shifts are not entitled to be paid the national minimum wage for all of their shift, only ...
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Supplier articleUsing communication and recognition to be a champion for your people
By Kylie Green, Director of ConsultancyWhen the results from Reward Gateway’s study were released earlier this year, the disconnect between employers and employees wasn’t too surprising. Disappointing? Absolutely. But surprising? Not really.Too often I’ve heard leaders say they think they’re doing “ok” or “enough” when it comes to communicating the ...
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Supplier articleFixed or growth mindset – what does it mean for employee recognition?
By Jacqueline BenjaminCarol Dweck is a psychologist at Stanford University whose theories on the psychology of skills and talent could have a major bearing on the way that companies interact with their employees. Her book, Mindset, established the idea of ‘Fixed Mindsets’ and ‘Growth Mindsets’. Individuals with a fixed mindset ...
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ArticleTotal pay increased by 0.1% in real terms since June 2017
Total pay for employees in Great Britain, including bonuses, increased by 0.1% in real terms between April to June 2017 and April to June 2018, according to research by the Office for National Statistics (ONS).Its UK labour market: August 2018 report also found that regular pay, excluding bonus payments, increased ...
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ArticleNew Zealand primary school teachers and principals strike in dispute over pay
Primary school teachers and principals who are members of the New Zealand Educational Institute (NZEI) trade union are undertaking strike action today (Wednesday 15 August) in a dispute over pay.The strike concerns negotiations that are currently taking place between NZEI and the New Zealand government around the Primary Teachers’ Collective ...
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Article55% of employers have increased salaries to improve staff retention
More than half (55%) of employers who are experiencing difficulties in retaining employees over the past 12 months have increased staff salaries, according to research by The Chartered Institute for Personnel and Development (CIPD) and The Adecco Group.The Labour Market Outlook report, which surveyed 2,001 employers, also found that 30% ...
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OpinionAnvita Sharma: Pay transparency, where do we go from here?
In the wake of the Gender Pay Gap Regulations 2017 and widespread media coverage of the first gender pay gap reports, employers are under greater pressure to increase pay transparency.Some organisations, including the big four accountancy firms, have chosen to go beyond the formal requirements of the regulations by disclosing ...
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Case StudiesBuffer's pay transparency has great effects on internal culture
In November 2013, following several months of internal salary transparency, social media management organisation Buffer took its pay information public, and has since become a prime example of the benefits of open communication about compensation.In the years since, the organisation has grown from a mere 12 staff to have 80 ...
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AnalysisTop tips for employers that want to improve pay transparency
Need to know:Increased transparency can boost engagement, retention and trust, among other things, meaning that it is well worth tackling ingrained traditions of secrecy surrounding compensation.Employers should find a degree of transparency that suits their organisation and workforce, and should use open communication to ensure it is rolled out smoothly.Pay ...
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ArticleNorthern Gas and Power and Skyscanner among 2018’s best employers for work-life balance
Utilities organisation Northern Gas and Power, travel website Skyscanner (pictured) and employment agency Goodman Masson are among the organisations featured on the Highest Rated Companies for Work-Life Balance 2018 list, compiled by recruitment organisation Glassdoor.The list ranks UK organisations based on their overall work-life balance rating, which is awarded online, ...
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ArticleRedington reduces mean gender pay gap by 21.4% in one year
Financial services organisation Redington has reduced its mean gender pay gap for fixed hourly pay by 21.4%.In 2017, the firm’s mean gender pay gap for fixed hourly pay was 21.6%, and the median gender pay gap was 30.8%. Over the course of the last year, the mean gender pay gap ...
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ArticlePrimadell accountant pleads guilty to pensions auto-enrolment non-compliance
An accountant working on behalf of Primadell, the organisation that runs Gran Caffe Londra in Knightsbridge, has pleaded guilty to falsely informing The Pensions Regulator (TPR) that employees had been automatically enrolled into a workplace pension scheme.In October 2015, Gran Caffe Londra missed its deadline to confirm that it had ...
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