All Employee Benefits articles in Web Issue – Page 1233
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ArticleCadbury UK completes pensioner buy-in transaction worth £520 million
Confectionery organisation Cadbury UK has completed a pensioner buy-in transaction for its defined benefit (DB) pension scheme, totalling £520 million.The transaction, completed with Rothesay Life, insures the pension liabilities for approximately 1,900 pensioner members of the Cadbury Mondelez Pension Fund; the bulk annuity will be held as an asset of ...
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ArticleEXCLUSIVE: University of Lincoln to discuss saving habits at Employee Benefits Live
EXCLUSIVE: Natasha McLaren (pictured), pensions and benefits manager at the University of Lincoln, will discuss how employers can encourage younger staff to develop and build savings habits at Employee Benefits Live 2019.Her session, titled ‘Engaging a new generation of workers’, will be delivered in conjunction with Emma Codd, global special ...
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ArticleThink tank proposes increases to wages and annual leave to boost UK’s productivity
Image credit: NEFBritish think tank the New Economics Foundation (NEF) has proposed that minimum wages and statutory paid holiday entitlement be increased in order to improve the UK’s productivity.The Time for demand: Boosting productivity with public investment, minimum wages and paid holiday report, published in August 2019, suggested that bolstering ...
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ArticleEXCLUSIVE: Provision of company car benefits shows slow growth since early 2018
EXCLUSIVE: Although the provision of company car benefits is still increasing, this is an area of slower growth than many other aspects of reward, according to research by Employee Benefits.The Benefits research 2019, which surveyed 290 HR decision-makers and was published in May 2019, found that the total number of ...
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OpinionKevin Hollinrake MP: Offering support to employees in financial hardship
A record 32.75 million people are now employed in the UK, and we have the lowest unemployment rate since 1974, according to figures from the Office for National Statistics (ONS) published in July 2019. Wage growth, which has been stubbornly subdued, is now an inflation-busting 3.6%.However, the persistent problem of ...
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Case StudiesB+A creates a supportive culture to address financial wellbeing
Establishing a supportive business culture in which staff feel able to openly discuss money can be the first step in helping employees avoid financial problems. This is a strategy used by creative management consultancy B+A when it comes to promoting financial wellness among its 20 employees.Andrew Missingham, chief executive officer ...
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AnalysisHow can employers tackle in-work poverty?
Need to know:Identifying employees struggling with in-work poverty is difficult, but offering universal solutions can ensure that financial wellbeing initiatives benefit all those in need.Simple measures, such as exploring how to best manage overtime or introducing flexible working, can help staff improve their finances more effectively.A financial wellbeing strategy that ...
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OpinionKatherine Chapman: Living wage brings clear benefits to employees and employers
The Social Metrics Commission's Measuring poverty report, published in July 2019, found that 14 million people are now in poverty, with four million trapped in 'deep poverty', with incomes at least 50% below the official breadline. What is perhaps equally as shocking is that many of these people are in ...
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Supplier articleFour things to transform your reward and recognition programme from ‘ok’ to ‘awesome’
by George Dixon, Employee Engagement Consultant at Reward GatewayThe employee/employer relationship has changed significantly in the past decade; employees crave regular feedback, they want to be connected to something bigger than themselves, and they want trust and autonomy. Well, that’s what studies are telling us, and that means everything to ...
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Supplier articleVideo: Innovation generation: Chris Bruce’s thoughts
Thomsons Online Benefits’ new video sees Chris Bruce, Co-founder and Managing Director talk through the big HR tech disconnect. While over a third of HR professionals see themselves as technological innovators, the majority are not taking full advantage of data and analytics to positively impact their employees’ ...
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Supplier articleWorkplace wellbeing strategy - an employer's guide
Prioritising workplace wellbeing not only looks after your staff, it can look after your business as well. Read our in-depth employers guide to plan and implement an effective workplace wellbeing strategy in your organisation.Request your copy at jelf.com.
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Supplier article8 Steps to create a workplace wellbeing strategy
Prioritising workplace wellbeing not only looks after your staff, it can look after your business as well. In fact, recent data from the HSE revealed that 1.4 million UK workers suffer from work-related ill health (e.g. conditions such as stress, depression, anxiety, musculoskeletal disorders or other illnesses that are caused ...
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Supplier articleIs income protection important for young employees?
It’s easy to dismiss income protection as something people need later in life when age-related illnesses and conditions become more prevalent. But there is every reason why your staff in their 20s and 30s should value this benefit.Statistics show an increase in the number of people claiming for income protection ...
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ArticleBradbury Group sees 70 staff utilise on-site gym since June 2019
Manufacturing organisation Bradbury Group opened an on-site gym for 162 staff based at its headquarters in Scunthorpe in June 2019, and has since seen 70 employees use the facilities, amounting to an uptake rate of 43% within the first two months of operation.The on-site gym was built to help boost ...
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ArticleA third of employers predict pay increases of between 2% and 2.99% by June 2020
Just over one-third (35%) of employer respondents expect to implement a basic pay increase of between 2% and 2.99% in the year to June 2020, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Adecco Group.Its Labour market outlook: Summer 2019 report, which polled 2,104 ...
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ArticleMunger, Tolles and Olson extends paid parental leave to 18 weeks
US-based law firm Munger, Tolles and Olson has extended the paid parental leave provision for its 200 attorneys, enabling both male and female legal professionals to take up to 18 weeks of paid leave.The enhanced policy, which was announced on 25 July 2019, is effective from 1 August 2019. In ...
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OpinionDaniel Parker: LGBT employment equality - the journey so far
With a particularly significant Pride Month having taken place this June, marking the 50th anniversary of the Stonewall riots, one might be forgiven for looking to the past and taking stock, with a critical eye, of decades of change for lesbian, gay, bisexual, transgender and queer (LGBTQ) people in the ...
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Supplier articleWhy financial wellbeing is more than just a buzzword
By Jonathan Watts-Lay, Director, WEALTH at work Financial wellbeing has become something of a buzzword in the workplace. In general it describes an individual’s perception of how financially healthy, happy and free from worry they are when thinking about their financial situation.The impact of poor financial wellbeing can be especially ...
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Supplier articleHow to assess workplace wellbeing
In our previous article we discussed the eight steps to create a workplace wellbeing programme. One of the most important steps is a thorough assessment of your current workplace wellbeing to understand what is working and identify where your gaps are.There are three main sources of information that are pivotal ...
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Supplier articleYour support can make all the difference
Every day we aspire towards greater financial wellbeing for the UK, and engage with people of all ages and at all stages to see this coming about. However, we know there is much more that needs to be done and many more people in whose lives we can make a ...