All Employee Benefits articles in Web Issue – Page 1310
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ArticleInvesco enhances parental benefits for 1,692 employees
Global investment organisation Invesco has enhanced its paid parental leave scheme across Europe, the Middle East and Africa region (EMEA) for its 1,692 employees.Under the new policy, all parents regardless of gender will be entitled to 26 continuous weeks of paid leave at their full salary within 12 months of ...
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Article3i Group completes £650 million pension scheme buy-in
The Trustees of the 3i Group Pension Plan have completed a £650 million pension scheme buy-in.The buy-in transaction with Legal and General covers the benefits of 280 pensioners and 570 deferred members and will be held as an asset of the pension plan.The Trustees, were advised by Lane Clark and ...
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Supplier articleA guide for financial services organisations to connect, support and recognise employees
When faced with an ever-changing situation such as COVID-19, employers need to act quickly to reassure their employees and deliver important information, whenever and however they are working.Now, more than ever, HR leaders should look for new ways to connect, support and recognise their people, in meaningful ways.Click here for ...
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Supplier articleGoing above and Beyond during Corona Virus; Elmstead Care Home
Elmstead is 41-bed care home based in Chislehurst in Kent and provides residential care for those living with or without dementia. The past few weeks have been very different and the entire team at Elmstead has had to adapt quickly to an unprecedented and fast-moving situation to continue to provide ...
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Case StudiesThe Landmark London adapts benefits to support staff through pandemic
The Covid-19 (Coronavirus) pandemic has presented some challenges for the Landmark London Hotel in how to support the health and wellbeing of its employees.Prior to the crisis, the hotel ran many of its initiatives in a face-to-face setting; now, with many employees either on furlough leave, working in small teams ...
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Case StudiesThe benefits offered by the Landmark London
The benefits offered by the Landmark London:PensionsA group stakeholder pension for senior managers and a mastertrust arrangement for all other employees. Employer contributions range from 3% to 12% depending on seniority, with 5% contribution from the employee.Healthcare and wellbeingEmployer-funded private medical insurance senior managers.Health cash plan offering eyecare and dental ...
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ArticleBrains gives 1,600 employees early access to furlough pay during Covid-19
Pub and hotel chain Brains is giving its 1,600 employees early access to furlough pay during the Covid-19 (Coronavirus) pandemic.The benefit, which is provided by income streaming service Wagestream, is designed to work alongside the Coronavirus Job Retention Scheme, helping staff deal with any financial pressures they may be facing ...
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ArticleDeutsche Bank introduces a one month voluntary pay reduction for senior managers
Multinational investment bank Deutsche Bank has aske senior managers to take part in a voluntary pay reduction as part of measures to deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.The new voluntary measure will see senior managers who decide to opt-in for the policy, waiving their fixed salaries ...
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ArticleEpsom and St Helier non-emergency patient transfer staff receive pay increase
Image credit: GMB140 Epsom and St Helier non-emergency patient transfer staff will receive a pay increase in line with the real living wage of £10.75 an hour.Due to many workers being outsourced by several contractors, employees are currently on different contracts with the majority of employees receiving the London minimum ...
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Supplier articleRemote Working: How to Stay Resilient and Connected
The recent surge in remote working due to coronavirus has forced millions of people to rapidly adjust and shift to a new way of working. For many it’s been a challenging adjustment learning how to juggle work-life balance, stress and uncertainty in a constantly changing world. However, for many this ...
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ArticleWeird Fish gives employees modelling opportunities
Something for the weekend: Clothing brand Weird Fish has given employees the opportunity to excel in their modelling careers by advertising its new range of activewear.With all of the Weird Fish workforce working from home, the organisation thought this would be a fun way to increase employee engagement, encourage activity ...
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Supplier article6 creative & high-impact ways to support employees financially during COVID-19
As many households shoulder the burden of reduced income and companies cancel or postpone their annual remuneration review or bonus schemes, it’s no wonder that financial security tops the list of issues employees are concerned about.Recently, the Office of National Statistics reported nearly 1 in 4 adults have said the ...
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Article
Poll: Should employers pay an allowance to help staff adapt to home working?
[polldaddy poll=10558803]
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ArticleThe top 10 most read stories: 21 May - 27 May 2020
HC-One to provide full organisational sick pay for 27,000 carersUniversity of Manchester introduces voluntary pay initiatives for 12,000 employeesFinance Bill introducing deferred IR35 reforms passes second readingOsborne Clarke reduces pay for employees by 7%Prysmian Group launches global maternity policyTribunal rules non-cash contributions are not eligible for pensions tax reliefNationwide ...
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OpinionLovewell's logic: Should Facebook base employees' pay on location?
Should your salary be set according to the area in which you live?This was the question raised earlier this week when Facebook founder, Mark Zuckerburg, discussed the organisation’s plans to move towards remote working in the post-pandemic era. In a public livestream, Zuckerburg explained that over the next five to ...
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ArticleBritish Bankers' Association completes £95 million bulk annuity transaction
British Bankers' Association (BBA) pension scheme has completed a £95 million bulk purchase annuity transaction.The transaction will involve 213 members, removing the investment and risk of these members from the scheme. Members will see no change in their benefits or the way in which they are paid as a result ...
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Supplier articleTransparency can build trust in a crisis – here’s how
Most business leaders would consider themselves of high integrity and would therefore be alarmed to read the statistics on employee trust. According to a survey by EY of more than 9,800 professionals across the world, more than half said that they don’t place “a great deal of trust” in their ...
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Article
BP
Oil industry business BP has announced that it will be increasing the pay of employees to line up with the living wage foundations regulations.Announced in the businesses annual general meeting (AGM), the business confirmed that this pay rise will affect 5,000 employees across 300 locations directly employed by BP from ...
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ArticleBP to pay 5,000 employees the real living wage
Oil and gas organisation BP is to increase hourly pay rates for its 5,000 UK retail employees, to bring these in line with the real living wage rates recommended by the Living Wage Foundation. From 1 August 2020, employees across 300 locations, and who are directly employed by BP, will ...
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Article46% of employees cancel seven days of annual leave in 2020
Just under half (46%) of full-time employees are cancelling an average of seven days annual leave in 2020, according to research by Timetastic.The survey of 2002 UK employees, published in May 2020, also found that just over one-third (36%) have not been informed by their employers of any guidelines in ...