All Employee Benefits articles in Web Issue – Page 1255
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ArticleITN reports a 15% mean gender pay gap for 2019
Media organisation ITN has reported a 15% mean gender pay gap for fixed hourly pay across its 679 employees, as at 5 April 2019; this compares to a 16.7% gap reported for April 2018.The firm reported its gender pay gap data for full-time and part-time staff, as well as casual ...
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Article
Poll: What is the primary method your organisation uses to improve employees’ carbon footprint?
[crowdsignal poll=10441425]
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ArticleTeam building organisation pays clowns £100 an hour to scare staff for Halloween
Something for the weekend: London-based team building organisation Team Tactics is seeking to hire 10 clowns across the UK, paying £100 an hour to prank unwitting employees for Halloween.Team Tactics wishes to hire 10 individuals who can impersonate famed clowns such as Pennywise, from horror author Stephen King’s novel It, ...
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ArticleThe top 10 most read stories: 17-23 October 2019
The top 10 most read stories on www.employeebenefits.co.uk between 17 and 23 October 2019 were: Channel 4 introduces menopause policy to tackle stigma and support female staffBarclays, John Lewis and Royal Mail sign new mental health commitmentOrganisation behind Bella Italia and Cafe Rouge launches reward and recognition schemeHushHush.com to pay ...
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OpinionLovewell's logic: Committing to change around mental health
This week, 30 well-known organisations including Barclays, E.On UK, John Lewis Partnership, National Grid, Royal Mail, Proctor and Gamble, Santander UK, Unilever UK and Ireland, and Virgin Money, became the first to sign the Mental Health at Work Commitment.The commitment, which was developed by mental health charities in conjunction with ...
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Article
Poll: 70% of organisations do not help employees improve sleep habits
Employee Benefits poll: Seven in 10 (70%) Employee Benefits readers do not actively support employees in improving their sleep habits or getting a healthy night’s sleep.A straw poll of www.employeebenefits.co.uk readers, which received 33 responses, also found that less than a third (30%) of organisations offer flexible working arrangements in ...
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ArticleMerseyside-based Matalan staff vote to accept 4.6% pay increase
Around 500 staff employed by retailer Matalan, working at its northern distribution centre in Knowsley, Merseyside, have voted to accept a 4.6% pay increase.Matalan extended the pay offer, negotiated with the trade union GMB, on Friday 18 October 2019 to mitigate scheduled strike action. GMB members employed at Matalan voted ...
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ArticleJM Smucker Company enhances paid leave benefits for 7,000 staff
US-based food manufacturing business The JM Smucker Company, also known as Smucker’s, has enhanced its paid leave benefits for more than 7,000 employees, effective 1 January 2020.The package of enhancements includes providing all new parents, whether by birth, adoption or fostering, with up to 12 weeks of fully paid leave; ...
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ArticleMajority of 22 to 29 year-olds saving for retirement due to auto-enrolment
More than four-fifths (84%) of employees working in the private sector and aged between 22 and 29, saved for retirement via auto-enrolment in 2018, compared to the 24% who did so in 2012, according to research by The Pensions Regulator (TPR).Automatic enrolment – commentary and analysis: April 2018-March 2019, which ...
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Supplier articleProtecting against AI bias in HR and reward
Gethin Nadin, Director of Employee Wellbeing – BenefexOver the years, I’ve enjoyed reading research and articles about luck – why do some people seem luckier than others? Are people born lucky? Well, the answer to the last question is yes: people are born lucky. For example, if you happen to ...
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Supplier articleBuilding a business case for global reward and recognition
Benefex has been sharing research into employee recognition for a few years now. You know the drill: 76% of us find peer praise very or extremely motivating; receiving a ‘thank you’ at work doubles our chances of offering help again in future; and there’s a whole host of wellbeing benefits ...
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Supplier articleHow to save employees time with your employee benefits platform
It’s one thing saving your employees money, but it’s another saving them time. By offering the right employee benefits in the right way you can save your employees loads of time!Why do I need to prioritise saving employees time?Take employee discounts for example. It’s one thing offering great savings at ...
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Supplier articleHow can employers help with both mental & financial wellbeing?
Our latest research into the state of financial wellbeing of UK employees has re-highlighted the strong link between mental health & financial wellbeing. The statistics are shocking: 36% of UK employees are regularly worrying about money. Perhaps surprisingly, people are worrying more about money (73%) than areas including their ...
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ArticleEXCLUSIVE: Musculo-skeletal issues on the rise as a cause of sickness absence
EXCLUSIVE: Following a dip in last year’s research, musculo-skeletal ailments have risen overall as a cause of sickness absence, cited by 45% of respondents, an increase of 15 percentage points since 2018, and seven since 2017, according to research by Employee Benefits.The Employee Benefits/Health Shield Healthcare research 2019, which surveyed ...
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ArticleAllens announces enhanced parental support for Australia-based staff
Asia-Pacific law firm Allens, which has 1,498 employees, has announced that it will be rolling out enhanced parental support in 2020, to improve the work-life balance of staff in its Australia office.The package of enhancements, which will come into effect on 1 January 2020, includes 18 weeks of paid parental ...
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ArticleBJC Healthcare increases minimum wage to $15 per hour for 3,500 employees
Missouri-based non-profit healthcare organisation based BJC Healthcare, which employs 31,510 employees across the US, has announced that it will be increasing its minimum wage in a three-stage plan that will see 3,500 of its lowest paid employees benefiting from pay rises.Employees currently being paid $10.10 (£7.80) per hour will have ...
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OpinionLarisa Gordan: Pensions buy-ins are an effective way to de-risk part of members' liabilities
A buy-in policy is one way of transferring risk from a pension scheme to an annuity provider, normally an insurance firm. The trustees pay a premium to the insurer and in return receive a regular income which essentially matches the agreed benefits for each member of the scheme.This transaction is ...
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AnalysisHow to undertake a pensions buy-in transaction
Need to know:Pension buy-ins are on the rise, but insurers can afford to be selective and a lot will depend on the preparatory work conducted by the scheme.Sponsor and trustees should form a joint working committee early in the process, and member data must be as clean as possible to ...
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Case StudiesSomerfield Pension Scheme insured £425 million of liabilities through buy-in
Manchester-based Somerfield Pension Scheme, sponsored by the Co-op, insured £425 million of liabilities through a buy-in with Pension Insurance Corporation (PIC) in January 2019. It covered 2,900 people, the scheme’s entire pensioner population excluding those with very small pensions.James Giles, pensions investment manager at Co-op, says: “One of the first ...
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ArticleApproximately 6.2 million admit to working while suffering from mental ill-health
Approximately one-fifth (19%) of UK employees admit that they have gone into work when feeling mentally unwell, according to research by Canada Life Group Insurance.Canada Life has estimated that this equates to 6.2 million of the 32.7 million individuals that were employed between May 2019 and July 2019, using data ...