All Employee Benefits articles in Web Issue – Page 1274
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Case StudiesPhilip Morris International goes beyond awareness training to build an inclusive culture
Multinational tobacco manufacturer Philip Morris International is in the process of going through a transformation, aiming to centre business around smoke-free tobacco alternatives. To successfully make this kind of a seismic shift, a talented and engaged workforce is vital.Melissa Whiting, vice president of diversity and inclusion at Philip Morris International, ...
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AnalysisWhen does diversity and inclusion become exclusive?
Need to know:Alternative and flexible approaches to work often breed resentment among those who feel they are not available to them, as well as excluding users from progression.Networks and groups can create an important space for support and conversation, but risk ignoring intersectionality and cordoning off parts of an organisation.Public ...
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ArticleTwo-thirds suffering musculoskeletal issues say work has made condition worse
More than two-thirds (68%) of people suffering from musculoskeletal disorders (MSDs) say their occupation was a contributing factor to developing their condition, according to research by Wills Towers Watson. A survey of 2,000 workers found that a further 64% believe that their condition had at least been exacerbated by their ...
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ArticleAldi increases minimum pay for 33,000 employees to exceed real living wage
Supermarket chain Aldi has increased hourly pay rates for its 33,000 employees, to exceed the real living wage rates recommended by the Living Wage Foundation. From 1 February 2020, Aldi's employees across all of its 874 locations will now earn a minimum hourly rate of £9.40, and £10.90 inside the ...
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ArticleRadio 4 presenter Sarah Montague confirms £400,000 equal pay settlement with BBC
BBC Radio 4 presenter Sarah Montague has confirmed that she was recently awarded a £400,000 settlement and received an apology from the BBC following discrepancies in her pay compared to male colleagues. On 19 January 2020 Montague posted a series of Tweets addressing inaccurate reports that the settlement figure reached ...
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OpinionPhil Hall: Will a higher living wage damage UK SMEs?
The government has confirmed it will raise the national living wage from £8.21 to £8.72 for those aged 25 and over, with effect from April 2020. Increases for those under 25 and apprentices have also been promised.The move is not as political as many commentators have suggested, given that these ...
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ArticleEntry deadline extended for Employee Benefits Awards 2020
It is not too late for HR and reward professionals and their teams to submit entries and be in with a chance of winning a coveted trophy at the Employee Benefits Awards 2020, as due to popular demand, the deadline has been extended to 31 January 2020.The categories at the ...
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ArticleEmperor staff to own 67% stake under new employee-ownership model
Creative consultancy Emperor is transitioning to employee ownership through an employee ownership trust (EOT), affecting 200 employees in six locations across the UK and the Middle East.The move, announced on 21 January 2020, is part of the organisation's aim to become sustainable and people-focused, by directly involving employees in business ...
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Supplier articleWhat new employee benefits are the top employers offering?
While the traditional, bread and butter employee benefits will remain as important as ever, there’s an increasing need for employers to keep up-to-date with the ever changing needs of employees and the evolving lifestyles of varying demographics.The biggest employers are stepping up and thinking outside the box when it comes ...
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ArticleEXCLUSIVE: Only 13% of business leaders see staff financial wellbeing as a priority
Only 13% of employers include employee financial wellbeing as a top leadership priority, and just 4% see it as a top priority for HR, according to research by Neyber.The 2019/2020 DNA of financial wellbeing report, which surveyed 11,000 employees and 270 employers, also found that, although 73% of organisations had ...
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OpinionChintan Gandhi: Employers can help inform staff about pensions consolidation
The Association of Consulting Actuaries (ACA) welcomes the continued drive towards consolidating smaller occupational defined contribution (DC) schemes and members' pension pots. At a scheme level, it is widely recognised that better member outcomes can often be achieved in larger schemes with stronger governance, well-designed and diversified investment strategies, and ...
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Case StudiesNorth of England P&I Association engages staff with options during pensions change
When the North of England P&I Association (Nepia) moved from one group personal pension (GPP) plan to another in 2018, following an internal restructure, employees were supported with information and education on how to transfer to the new scheme and consolidate any other pensions they might have from previous jobs.The ...
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OpinionMichelle Cracknell: Is pensions consolidation always the right choice?
Employers have to provide a workplace pension and, with the average person having 11 jobs in their lifetime, according to the Department for Work and Pensions (DWP), this could lead to millions of dormant or lost pension pots. Keeping track of multiple pensions is hard and will continue to be ...
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AnalysisHow to guide employees through a pensions consolidation process
Need to know:As individuals increasingly hold multiple jobs throughout their working lives, they may be at risk of missing out on retirement income if previous pension pots are forgotten.Consolidation can give employees a full overview of their retirement savings in one place, and may offer lower charges and better tools ...
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ArticleHMRC publishes secondary draft legislation for April 2020 off-payroll reforms
On 22 January 2020, HM Revenue and Customs (HMRC) published draft secondary legislation for the off-payroll working rules (IR35) that are due to come into force in April this year. In 2000, IR35 was introduced to ensure that individuals working like employees but through their own business pay similar taxes ...
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ArticleParental bereavement leave legislation to be introduced in the UK in April 2020
The UK government has announced that April 2020 will see the implementation of new legislation providing two weeks of paid leave for working parents who suffer the loss of a child.The Parental Bereavement Leave and Pay Regulations, known as ‘Jacks Law’ in memory of Jack Herd, whose mother campaigned on ...
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ArticleDelta Air Lines pays out $1.6 billion in profit sharing to 90,000 employees
Air travel organisation Delta Air Lines is awarding its 90,000 employees with a cash bonus equivalent to two months' pay, following the strong business performance in 2019.Employees will receive the bonus through the organisation's profit sharing scheme, which is open to all global staff who are full-time, part-time or ready ...
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Poll: Do you use awareness days to prompt mental health discussions in the workplace?
[crowdsignal poll=10495161]
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ArticleSausage dog shows owner that diversity and inclusion breeds better engagement
Something for the weekend: Despite his short legs, sausage dog Archie has squeezed through the tight talent pipeline and taken on his dream role as a sheepdog. Archie, who lives on a farm in Molong in New South Wales, has long been starstruck by the exciting lifestyle of sheepdogs. His ...
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ArticleThe top 10 most read stories: 16-22 January 2020
The top 10 most read stories on www.employeebenefits.co.uk between 16 and 22 January 2020 were: Aldi increases minimum pay for 33,000 employees to exceed real living wageSeven in 10 employees would move jobs for a better mental health policyThree-fifths of employers do not have an actively managed wellbeing programmeHyatt Hotels ...