All Employee Benefits articles in Web Issue – Page 1252
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ArticleGovernor of Florida to increase starting salary for more than 101,000 teachers
Governor of Florida Ron DeSantis has announced plans to increase the minimum starting salary for teachers in Florida, raising annual wages from $37,636 (£29,941.88) to $47,500 (£37,789.34).The suggested pay rise, which could benefit more than 101,000 teachers working in the state, forms part of DeSantis’ proposed 2020 budget recommendation.DeSantis said: ...
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Supplier article5 ways to make your commute to work less stressful
The average UK commuting time is 54 minutes, while the average for London is 74 minutes. Whether you commute through a busy city or through more rural areas, the work commute will almost always find a way to stress you out. The last thing anyone needs on a cold, rainy, ...
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Supplier articleHow raising money for charity helped our employee wellbeing
At Caboodle, we’ve been fundraising for Birmingham-based charity Cure Leukaemia for almost 2 years now. They’re a wonderful charity who help fund specialist Leukaemia nurses up and down the country while fast-tracking pioneering new treatment. Since we started fundraising at the beginning of 2018, we’ve raised over £15,000 for Cure ...
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ArticleCulture Trip hires Kesner as chief people officer
Travel, media and entertainment organisation Culture Trip has hired Karen Kesner as its new chief people officer.Kesner has experience in talent acquisition, leadership and business process improvement. She has also been involved in designing and implementing recruitment strategies and organisational infrastructure at start-up businesses, in sectors such as technology.Previously, Kesner ...
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OpinionMartin Upton: The benefits of using online financial education to reach staff
Providing financial education in the workplace is clearly a matter of good citizenship, but it also makes good business sense. Financial competence reduces the risk of getting into money problems and is conducive to greater productivity by reducing stress levels. Providing financial education is also perceived as a benefit by ...
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Case StudiesTravis Perkins uses online financial education to support employee wellbeing
In 2017, UK-based builders' merchant Travis Perkins implemented a financial education campaign, in recognition of the impact money worries can have on both the physical and mental wellbeing of employees.Paul Nelson, reward and HR analytics director at Travis Perkins, says: “We have a three-pronged approach to wellbeing: physical, mental and ...
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AnalysisIs online education an effective means of supporting financial wellbeing?
Need to know:Financial education is a key tool in supporting the overall wellbeing of employees, but it must be delivered in a method that is engaging and relevant.While face-to-face presentations and seminars are still highly popular, online initiatives can reach a widely dispersed workforce with personalised information.Online methods help avoid ...
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ArticleQueen’s Speech confirms Pension Schemes Bill and CDC pensions
The Queen has confirmed that the implementation of the Pensions Schemes Bill will be brought forward, legislating for the introduction of pensions dashboards as well as collective defined contribution (CDC) pension schemes.The Bill was one of the measures announced in the Queen’s Speech, delivered on Monday 14 October 2019 to ...
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ArticleMore than a quarter of staff are afraid to tell their employer about poor mental health
More than a quarter (26%) of respondents are afraid to tell their employer when they are suffering with poor mental health, according to research by CV Library.The survey of 2,000 UK professionals also found that 39% do not think their employer would care that they were experiencing poor mental health, ...
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ArticleSharpak staff vote to accept pay deal awarding an extra £769 a year
More than 185 members of staff at food packaging organisation Sharpak, based in Bridgwater, Somerset, have voted to accept a new pay deal which adds £769 to their annual pay.The deal, negotiated by trade union Unite, will particularly benefit employees previously earning the national minimum wage, who will see their ...
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Supplier articleNot all recognition is created equally: How to create a formula that works
by Alex Powell, Director of Client Services at Reward GatewayThese days, companies of all shapes and sizes are embracing employee recognition as a tool to drive engagement, improve morale and combat demotivators in the workplace.A lack of manager-led recognition is often a top reason employee recognition is inconsistent in the ...
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OpinionLeah Caprani: The last taboo – menopause in the workplace
Members of Parliament (MPs) have called for the introduction of formal policies to protect menopausal women from being discriminated against in the workplace. While there is currently no specific legislation in this area, Davis v Scottish Courts and Tribunals Services, which was heard in February 2018, provides some welcome guidance ...
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Supplier articleCreating "happiness" in our employee perks
by Debra Corey, Best-Selling Author & Advisor to Reward GatewayAt least once a week there’s a blog or article written about the weird and wonderful perks that companies are giving their employees. Is there a competition that nobody told me about... has the category of "weirdest perks" been added to ...
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ArticleEXCLUSIVE: Only 9% of younger employees prioritise retirement savings
EXCLUSIVE: Less than one in 10 (9%) of employees aged between 18 and 35 rank retirement savings as their number one priority, despite 66% of employers believing that pension schemes are a priority for all staff, according to research by Smarterly.The survey of 1,248 employees and 508 HR professionals in ...
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ArticleDentons and Network Rail commit to Mindful Business Charter
Law firms DAC Beachcroft and Dentons, financial organisation Nationwide Building Society and transport business Network Rail are among the 17 employers that have signed the Mindful Business Charter (MBC) in October 2019.The MBC was established in October 2018 by law firms Addleshaw Goddard and Pinsent Masons, alongside financial organisation Barclays. ...
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ArticleTotal pay has increased by 1.9% in real terms since August 2018
Total pay for employees in the UK, including bonuses, grew by 1.9% in real terms during the period between June to August 2018 and June to August 2019, according to research by the Office for National Statistics (ONS).The Average weekly earnings in Great Britain: October 2019 report also found that ...
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OpinionDr Aideen Young: Employers are well-placed to help staff prepare for later life
Auto-enrolment has led to huge gains in pension participation: according to May 2018 figures from the Office for National Statistics (ONS), around 73% of UK employees had an active workplace pension in 2017, up from less than 47% in 2012.While this is good news, pension contributions have remained at the ...
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Case StudiesACCA engages employees with retirement planning using tailored roadshow
Global professional accountancy body The Association of Chartered Certified Accountants (ACCA) has engaged its employees with retirement planning through a pensions roadshow that addressed their changing needs as they approach retirement.The roadshow, which was offered to all 850 ACCA UK employees, took place across its offices in September 2019, and ...
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AnalysisHow should retirement information change for employees at different life stages?
Need to know:Employees of all ages need help saving for a financially stable later life, but the format and delivery will need to vary across different demographics.To engage younger staff, employers could consider repackaging concepts such as pension payments and retirement planning to feel more relevant.Throughout the 15 years leading ...
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ArticleDebbie Lovewell-Tuck: Optimising financial education
As our Financial Education Week draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.How financially savvy are the employees in your workforce? How many have adequate plans in place to save enough for their retirement, ...