All Employee Benefits articles in Web Issue – Page 1281
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ArticleAverage weekly pay increased by 1.8% in 2019
Between December 2018 and December 2019, real regular weekly pay, excluding bonuses and adjusted for inflation, increased by 1.8%, according to the Office for National Statistics (ONS).The Labour market economic commentary: February 2020 report, released today (18 February 2020), also found that real total pay, which includes bonuses, had increased ...
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ArticleTPR announces new measures to improve standards of trusteeship and protect savers
In its response to its Future of Trusteeship and Governance consultation, The Pensions Regulator (TPR) has announced that it will be taking new measures to protect pension savers and improve member outcomes.The consultation, which took place between July and September 2019, received 114 responses from a mix of layperson and ...
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ArticleFormer head of Yately Industries for the Disabled jailed for pensions fraud
The former head of charity organisation Yately Industries for the Disabled, Patrick McLarry, has been jailed for five years for defrauding its pension scheme.Investigations by The Pensions Regulator (TPR) discovered that between 2012 and 2013, during his tenure as the director of VerdePlanet, the corporate trustee of the Yately Industries ...
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OpinionKate Gardner: What does the landmark veganism ruling mean for employers?
In a major step forward in employment law, a tribunal has ruled that ethical veganism is a philosophical belief, meaning that an employee could rely upon veganism as one of the nine protected characteristics covered by the Equality Act 2010.While this is great news for employees, how will it affect ...
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Supplier articleHow the EAP can support your mental health strategy
Providing support for employees is one thing, but what about support for your mental health strategy? An EAP is an absolute no-brainer for companies to provide their employees. Here’s why.The importance of mental wellbeing at workAccording to research from Accenture in 2018, 9 in 10 employees have been affected by ...
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Supplier article3 things that could be negatively affecting your reward strategy
To get the most out of your reward strategy, it’s important to consider what factors could be limiting it’s potential. For example, you could introduce Peer to Peer ECards, allowing your employees to reward each other through your employee benefits platform, but if there are other areas of your business ...
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ArticleChiswick Park launches spring event programme for 10,000 on-site staff
Business campus Chiswick Park has announced its Spring in the Park 2020 programme, which will run for the 10,000 employees of organisations based the West-London site. The programme, running from Thursday 27 February to Thursday 30 April, will provide a number of experiences ranging from food markets to speaker events, ...
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ArticleOne in 10 believe their pension scheme investments align with ESG best practice
Less than one in 10 (9%) employers believe that their pension scheme investments align with environmental, social and governance (ESG) factors, according to research by Howden Employee Benefits and Wellbeing.Rules introduced in October 2019 mean that pension scheme trustees are to required to outline their policies on financially material investment ...
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ArticleShared parental pay claims refused leave to appeal by Supreme Court
The Supreme Court has refused leave to appeal in two joint cases, Ali v Capita and Hextall v Chief Constable of Leicestershire Police, concerning claims of discrimination in relation to shared parental leave allowances. In May 2019, the Court of Appeal published the decision that failure to pay enhanced shared ...
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OpinionAlice Honeywill: The value of additional contributions in closing the gender pension gap
While we await government reforms on pension policy and wider industry change to tackle the gender pension gap, I find myself asking one question: what action can be taken right now?More specifically, what steps can employers be taking to make small, yet potentially effective, changes?The most widely discussed initiative is ...
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Case StudiesFord uses data to analyse the value of pension contributions across the globe
Image credit: r.classenInternational automotive manufacturer Ford spends approximately $1 billion (£772,195,000) per year on pensions for its employees, spanning 36 countries and more than 120 different schemes. In the UK alone, 10,000 members of staff are enrolled in either defined contribution (DC) or defined benefit (DB) arrangements.Quantifying the value of ...
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AnalysisHow to quantify the value of additional pension contributions
Need to know:Part of engaging staff with pension contributions is aligning these with other savings vehicles, and showcasing the beneficial deal that is on offer.Breaking down monthly costs into pounds and pence can help contributions seem more manageable, as can bringing far-off goals forward with shorter-term achievements.Asking employees to give ...
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ArticleHowden Employee Benefits and Wellbeing signs mental health charter
Employee benefits consultancy Howden Employee Benefits and Wellbeing has committed to developing better working practices around mental health and wellbeing by signing up to the Mindful Business Charter. The organisation's commitment to the charter was confirmed on 29 January 2020, with the official signing due to take place on 14 ...
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ArticleStaff at 74 universities start 14-day strike over pay, pensions and conditions
Staff at 74 UK universities are today (20 February 2020) commencing a programme of strike action that will span 14 days in total, in an ongoing dispute over pensions, pay and working conditions.Employees from 60 universities, who are also members of University College Union (UCU), previously went on strike ...
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ArticleBrightstar Financial and Pure Planet named Best small companies for 2020
Commercial finance organisation Brightstar Financial, energy business Pure Planet and contact centre Stepchange Outsourcing have been recognised as the top three small businesses to work for in 2020.The Best 100 small companies 2020 list, compiled by The Sunday Times, was announced on 19 February 2020. It lists those organisations with ...
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OpinionLovewell's logic: Where does the employer's duty towards staff end?
Since news of the death of television presenter Caroline Flack broke over the weekend, the issue of mental health has barely left the headlines. Among the numerous tributes, attributions of blame and calls for an end to online bullying and trolling, I read a couple of articles stating that, as ...
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ArticleNasa is searching for astronauts to take one giant career leap for mankind
Something for the weekend: Houston, we have a job opportunity. As it prepares for upcoming missions, including placing the first woman on the moon, as well as making a move for Mars, the National Aeronautics and Space Administration (Nasa) has put the call out for applications from candidates eager to ...
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ArticleThe top 10 most read stories: 13 - 19 February 2020
The top 10 most read stories on www.employeebenefits.co.uk between 13 and 19 February 2020 were: Government staff in Philippines wear their hearts on their sleeves for Valentine’s DayMore than a quarter of Bupa employees enroll in flexible pay benefitA quarter of employees have taken holiday to deal with excessive workplace ...
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ArticleDelta Air Lines unveils 'thank you' livery featuring all 90,000 employees' names
Following on from the announcement in January that it was sharing $1.6 billion (£1.2 billion) of profits with staff, air travel organisation Delta Air Lines has unveiled a new plane livery dedicated to all 90,000 of its employees. Delta has shown its appreciation for the hard work of its employees ...
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ArticleThe Pensions Regulator urged to address financial risks associated with climate change
In the coming months, the government has asked that The Pensions Regulator (TPR) set out a strategy to deal with the financial risks associated with climate change. In an open letter to Charles Counsell, chief executive at TPR, Pete Searle, director of private pensions and arm’s length bodies partnership at ...