All Employee Benefits articles in Web Issue – Page 1164
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ArticleFTSE 350 defined benefit pension deficit reaches £36bn
The accounting deficit for defined benefit (DB) pension schemes at the UK’s top 350 organisations is £36 billion as at October 2018, resulting in the largest deficit since October 2017, according to research by Mercer.Its Pension risk survey, which analyses the pension deficit calculated using the approach FTSE 350 organisations ...
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Supplier articleHow employees could pay little, or no tax at-retirement with careful planning
By Jonathan Watts-Lay, directorIndividuals could end up paying 200 times more tax depending on the way they decide to access their retirement income, according to research by the Pension Policy Institute* (PPI). The findings were based on comparing the tax someone would pay if they were to fully withdraw their ...
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Supplier article
6 steps to increasing productivity at work
Germany, France and the US lead the way in workplace productivity, with the UK still some way behind. The UK government launched the ‘Fixing the Foundations’ plan in 2015 to tackle the issue, and Motivates Inc conducted their own research on it. They asked over 2,000 employees to identify what ...
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ArticleA quarter believe their organisations do not help them manage stress in the workplace
Around a quarter (26%) of respondents feel that their organisation does not help them to manage stress in the workplace, with 36% stating that they have had ongoing workplace stress for the past five years, according to research by Peldon Rose and The Stress Management Society.The survey of 950 UK-based ...
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ArticleAmazon increases pay to $15 an hour for 250,000 US employees
Online retailer Amazon has increased its minimum rate of pay to $15 (£11.52) an hour for 250,000 US employees and 100,000 seasonal staff who will be hired in the run up to Christmas.The pay increase, effective from 1 November 2018, will benefit US-based full-time, part-time and seasonal employees at Amazon, ...
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Supplier article7 actionable tips for employee engagement during tough times
Organisational change efforts have a startling failure rate of 70 percent, and one major reason for this failure is that executives don’t do what it takes to get buy-in from their employees. An Aon Hewitt study found that the number of actively disengaged employees rose by more than 50 percent ...
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OpinionFerdinand Lovett: Good governance for pension schemes gets the green light
The government has published regulations bringing the governance requirements of the second European Pensions Directive (IORP II) into UK law.The regulations, which align with the recent direction of travel in UK pensions policy, will update the current law on pension scheme governance, requiring trustees of pension schemes to establish 'an ...
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Supplier articleCommunicating with millennials: The YOLO generation
By Bekkie Wetz, Global Product Success ManagerWhat springs to mind when you read the word “millennial?”I may be the Global Product Success Manager for Reward Gateway, but in a past life at RG, I spent most of my time working with different clients and communicating to their different demographics. It’s ...
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ArticleLidl increases entry-level pay in line with voluntary living wage rates
Supermarket chain Lidl will increase the wages of more than 17,000 of its employees from 1 March next year, in line with the new rates for the voluntary living wage, announced this week.Entry-level pay for Lidl staff will increase from £8.75 to £9.00 per hour outside of London, and from ...
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ArticleOver 40% cite health and wellbeing as key advantage of offering eye care
More than two-fifths (42%) of employers believe the biggest advantage of offering eye care to employees is improved health and wellbeing due to early detection of illnesses through eye examinations, according to research commissioned by Specsavers Corporate Eyecare.The survey of 507 HR decision makers, conducted by Opinium in July 2018, ...
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ArticleNearly half of UK employees have searched for new job due to work stress
Almost half (46%) of UK workers say they have searched for a new job because of work stress, according to research by project management software organisation Wrike.The report, The stress epidemic: employees are looking for a way out, polled 1,600 employees and found that more than two-fifths (42%) of UK ...
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OpinionRachel Clift: Supporting the emotional wellbeing of employees throughout their careers
It is important to recognise that the term ‘wellbeing’ can mean something different to each one of us, because we are all different; this can make wellbeing seem complex and difficult to define. There does, however, appear to be a relationship between higher levels of wellbeing and happiness. Happiness can ...
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Case StudiesRedrow Homes re-brands EAP as part of a holistic approach to wellbeing
Housebuilding organisation Redrow Homes, which has 2,374 staff members in the UK, has had an employee assistance programme (EAP) as part of its benefits package for the past 10 years. On 1 October 2018, it took the next step in ensuring the wellbeing of all of those under the organisation’s ...
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Case StudiesJohnson and Johnson embeds its EAP in a far-reaching wellbeing strategy
Image credit: ReutersTo tackle the considerable challenge of catering to the needs of a diverse and widespread workforce, global healthcare organisation Johnson and Johnson adopts a holistic approach, providing benefits and initiatives that support all elements of employee wellbeing, says Clare Lee, head of HR, UK, Ireland and Nordics.The organisation ...
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AnalysisThe role of EAPs in supporting employees' emotional wellbeing
Need to know:Employee assistance programmes (EAPs) provide an immediate, anonymous and cost-effective source of support and counselling.The sheer range of topics covered with an EAP service means that many of the everyday elements that contribute to emotional wellbeing can be addressed.EAPs need to be well communicated and integrated into a ...
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ArticleFinancial problems affect mental wellbeing of 55% of SME senior managers
Financial problems have had a negative impact on the mental wellbeing of over half (55%) of senior managers in small to medium enterprises (SMEs), according to research on behalf of merchant banking organisation Close Brothers Invoice Finance.A GMI survey of 900 SME owners and business managers across the UK and ...
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ArticleNearly a third of UK workers say they have poor work-life balance
Almost a third (30%) of UK workers feel that they have a poor work-life balance in their current role, according to research by HR technology provider ADP.According to a survey conducted in April 2018, which polled 2,518 employees across France, Germany, Italy, the Netherlands and the UK, an average of ...
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ArticleUS Department of Labor sues Mosluoglu Inc over wage violations
The US Department of Labor has filed a lawsuit against Mosluoglu Inc, the operator of the Empire Diner and Restaurant in Lansdowne, Pennsylvania, over violations of the federal minimum wage, overtime and record-keeping provisions of the Fair Labor Standards Act (FLSA).The legal action against the employer and its principals follows ...
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ArticleThe top 10 most read stories: 1 November-7 November 2018
The top 10 most read stories on www.employeebenefits.co.uk between 1 November and 7 November 2018 were: EXCLUSIVE: Bakkavor Group offers discounts to 17,000 UK employeesYorkshire Building Society recognised for mental health best practicePrimadell accountant fined £6,857.50 for pensions auto-enrolment non-complianceFlexibility is the key to workplace happiness for 33% of employeesVoluntary ...
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ArticleParent offers all-expenses-paid trip for Bahamas babysitter
Something for the weekend: A mother in need has been inundated with responses after posting an advert on childcare app Bubble seeking a babysitter to join her family on a two-week trip to the Bahamas over Christmas, all expenses paid.The advert, placed by banking executive 'Jenna S', whose regular nanny ...