All Employee Benefits articles in Web Issue – Page 131
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Article30% of staff prefer CDC pension for decumulation over an annuity or drawdown
Almost one-third (30%) of UK defined contribution (DC) savers said they prefer a collective defined contribution (CDC) pension for a decumulation option at retirement instead of an annuity or drawdown, according to new research.Global professional services firm Aon and financial services provider Aegon’s new whitepaper Collective DC decumulation – is ...
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Supplier articleEach Person Announces the Relaunch of their Diesel Card
Each Person Helps People Save More on Diesel by Relaunching theDiesel Card Across the UK and Northern Ireland! Due to the success of the Diesel Card, Each Person has taken the time to increase the benefits and is ready to relaunch in August. A number of new ...
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ArticleScottish Opera and Royal College of Physicians and Surgeons of Glasgow launch financial wellbeing support
Credit: TreasureGalore / Shutterstock.comScottish Opera and the Royal College of Physicians and Surgeons of Glasgow have introduced a financial wellbeing scheme in order to support their workforces.The two Glasgow-based employers have a combined total of more than 350 employees. Provided by Glasgow Credit Union, its Employer Partner scheme offers staff ...
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ArticleThe Watches of Switzerland Group accredited as living wage employer
Credit: T. Schneider / Shutterstock.comThe Watches of Switzerland Group has been accredited as a real living wage employer by the Living Wage Foundation.As a result of this commitment, every Watches of Switzerland Group employee will receive a minimum hourly wage of £11.95 for those based in London and £10.90 for ...
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ArticleStagecoach Manchester drivers strike over pay
More than 1,000 Stagecoach Manchester bus drivers are striking today (11 August) after rejecting a renewed pay offer that does not include back pay.According to trade union Unite, while an offer of around £14.3% was made to be implemented from September, rather than June, the agreed anniversary date for pay ...
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ArticleExclusive: A fifth of employees worry about money every day
More than a fifth (22%) of employees worry about money every day, according to research by financial wellbeing organisation Bippit.Its report, The stigma edition 2023, which surveyed 5,000 UK employees and 660 senior HR professionals, also found that more than a third (36%) of employees do not like talking to ...
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ArticleThe top 10 most-read articles between 3 - 9 August 2023
The top 10 most-read articles on employeebenefits.co.uk between 3 - 9 August were: Bunzl, Ocado and Rolls Royce among top UK firms for retention51% of staff would sacrifice benefits to work from homeAnchor receives menopause-friendly accreditationShoosmiths enhances family-friendly policiesHow can pay transparency manage employees' expectations around salary?57% of millennials feel ...
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ArticleExclusive: Baker Hughes to present closing keynote at Employee Benefits Live 2023
Magdalena Vintrova, total rewards director – regions at Baker Hughes, will present the closing keynote on the final day of Employee Benefits Live 2023.An international reward professional with more than 15 years' experience, Vintrova will share her experiences in delivering effective reward solutions in complex HR and business transformations, mergers ...
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OpinionLovewell's logic: Does Zoom's return to the office really spell the end for remote working?
The hybrid/remote working debate reared its head again this week, following the news that video communications company Zoom has ordered employees back to the office. Stating that it believed a structured hybrid approach to be most effective, the organisation has mandated that employees based within 50 miles (80km) of an ...
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Supplier articleWhy investing in employee wellbeing is good for business
Do you take the wellbeing of your employees seriously or is it just a tick box exercise so you can include it in your annual report and say “job done”?If it’s the latter, then it might be time for a re-think because new research suggests that companies that take employee ...
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ArticleChief Uno player needed for £3,500-a-week role
Something for the weekend: Toy firm Mattel has advertised for a chief Uno player to help promote its new Uno Quattro game.The job is advertised as paying $4,444 (£3,500) a week to play the game over a four-week period in New York, starting in September. The successful candidate will need ...
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ArticleHR professionals do not believe benefits meet employees’ needs
Although 59% of HR professionals say their organisation’s benefits meet individuals’ needs, only 28% believe this to be true on an unconscious level, according to a neuroscience-approach survey by Aon.Its 2023 HR future focus survey measured both conscious and non-conscious responses to ascertain what respondents truly think about their current ...
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Article77% of SMEs say hybrid working has increased profitability
More than three-quarters (77%) of small- and medium-sized organisations (SMEs) believe adopting flexible-working practices has made their business more profitable, according to research by hybrid-working firm IWG.Its research also found that 74% of respondents said their workforces are happier and more satisfied with their work-life balance, while 63% agreed that ...
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ArticleAmazon extends reproductive care benefits to employees in 50 countries worldwide
Online retail giant Amazon has extended a virtual reproductive support programme to its employees in over 50 countries around the world.The programme, run by Maven Clinic, gives all Amazon employees and their partners virtual support for in-vitro fertilisation (IVF), adoption, egg freezing, and other family-building benefits.Employees have virtual access to ...
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ArticleMade Tech appoints first chief people officer
Public sector technology delivery business Made Tech has appointed Wayne Searle to the newly-created position of chief people officer.This new position will support Made Tech’s culture and commitment to its people and will span learning and development, people operations, talent, and internal communications. Searle will also be involved in the ...
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Case StudiesOxford University Hospitals deploys multiple methods to communicate financial support
In order to effectively communicate financial wellbeing support to its wide range of employees, UK NHS teaching trust Oxford University Hospitals uses a variety of methods to suit their needs and preferences.The trust is made up of four hospitals: the John Radcliffe Hospital, the Churchill Hospital, the Nuffield Orthopaedic Centre, ...
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AnalysisHow to target financial wellbeing support to employees
Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees.As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.Tailored benefits that are personalised to employees’ needs offer ...
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Case StudiesUniversity of Salford targets communications at specific employee groups
Credit: Richard Oldroyd / Shutterstock.comThe University of Salford ensures it provides comprehensive financial wellbeing support and education that is targeted at all different groups of employees.Based in Greater Manchester and with 3,000 employees, the university was a runner up in the Best financial wellbeing strategy at this year’s Employee Benefits ...
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ArticleTribunal rules law firm must pay out on 13 counts of unfair dismissal
An employment tribunal has ruled that a defunct Newcastle-based law firm must pay 13 former employees 90 days’ remuneration for unfair dismissal after failing to give sufficient notice of redundancy ahead of the firm ceasing trading.Short Richardson and Forth closed on 30 September 2022, before entering into voluntary liquidation on ...
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Article84% say employer sick pay support is most important benefit
More than four-fifths (84%) of employees say employer sick pay support is the most important benefit an employer can offer, according to research by financial wellbeing firm Wagestream.Its survey of 2,000 low- and variable-income employees from a sample of 500 employers also found that 83% of front-line workers said they ...