All Employee Benefits articles in Web Issue – Page 1326
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Article37% of employees will work from home on a regular basis
The number of employees working from home on a regular basis will increase to 37%, compared to 18% before the Covid-19 (Coronavirus) pandemic, according to research by Chartered Institute of Personnel and Development (CIPD).Its survey of 1,046 employers also found that respondents expect almost a quarter (22%) of employees to ...
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Supplier article66% of individuals say pensions are far too complicated
Low employee engagement rates remain a critical concern Getting employees more engaged with their pensions remains a critical issue for businesses. Recent research[1] from Cushon, the workplace savings and investment platform, found that one of the biggest reasons for this is that pensions are far ...
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ArticleUSDirect seeks binge watcher for Discovery Channel's Shark Week
Something for the weekend: USDirect is looking to hire a shark fan to get paid to watch Discovery Channel's Shark Week 2020.The creature of the deep fan will be rewarded with a $1,000 (£794) salary and will be tasked with watching every single minute of the channel's jaw-dropping Air Jaws ...
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ArticleThe top 10 most read stories: 9 July - 15 July 2020
The top 10 most read stories on employeebenefits.co.uk between 9-15 July 2020 were: Ibiza offers NHS staff free holiday accommodationPricewaterhouseCoopers, NHS and IBM named best employers for equality and inclusionPrimark refuses £30 million government job retention bonusZurich UK offers 4,500 employee free Covid-19 antibody testRoyal Mail’s appeal over status of ...
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OpinionLovewell's logic: Is the UK truly ready for a new long-term way of working?
Over the past few months, much has been written (by myself included) around what the sudden move to remote and flexible ways of working could mean in the long term. As some organisations now begin to reopen their doors, while others extend office closures, these conversations are beginning to move ...
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Supplier articleMass redundancies: How HR can make the hardest conversations better
Let’s get things out in the open: Your business may be facing an impossible situation. And sometimes those impossible situations lead to bad news for your employees, such as redundancies.This bad news – telling someone something they do not want to hear is not what people in HR like doing. ...
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Supplier articleCoping with cancer – the essential role of an employer
Catherine Branfoot, Senior Consultant, BenefexI am 26 years old and I’ve just been informed that I have stage 2 breast cancer. The first phone call I make is to my employer. When I went to the hospital to receive my results, I was so confident that the lump I had ...
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ArticleDuke University increases paid parental leave to six weeks
North Carolina's Duke University has enhanced its parental leave policy, offering working parents six weeks paid leave, effective from 3 August 2020.This increase sees staff members across Duke, including graduate medical education house staff, parental leave allocation double. Since paid parental leave was introduced in 2003, employees have been able ...
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Supplier articleGoing global
After a successful domestic employee benefits launch, many companies begin thinking about implementation in their other locations. But where do you start? What factors do you need to consider and how can you sell this internally?There’s a myriad of reasons why you would wish to roll out a tech solution ...
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ArticleHouse of Lords approves Pension Schemes Bill
The House of Lords has approved the Pension Schemes Bill, which is aimed at improving protection for pension savers and ensuring more guidance for businesses. The bill will now be taken through the House of Commons later this year.The bill will ensure occupational pension schemes are accommodating for climate and ...
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ArticleHMRC publishes guidance on GMP equalisation
HMRC has published guidance on guaranteed minimum pension (GMP) equalisation, providing clarity into how schemes should distribute lump sum benefits when looking to equalise payments.This guidance has been published to explain to schemes how they can handle lump sum payments aligned with changes to GMP, after many schemes were left ...
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ArticleLaing O'Rourke foregoes government job retention bonus
Construction business Laing O'Rourke is foregoing a £1,000 payment per employee under the government’s job retention bonus scheme for bringing back furloughed employees.In the July 2020 mini-Budget, the government introduced a bonus scheme, rewarding UK businesses with the payment if employees returning to work remain within the business through to ...
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Supplier articleBusy Bees Benefits: How to Implement an Employee Benefits Strategy
When your employees are happy at work, they are more engaged, which boosts productivity levels. Not only this, but engaged and motivated employees can also have a positive effect on your recruitment strategy, with “brand ambassadors” doing wonderful things for your company reputation.Offering a relevant employee benefits package can improve ...
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Supplier articleBusy Bees Benefits: What will life after lockdown look like?
The last few months have been difficult for individuals, businesses and industries across the country. Even now, with lockdown restrictions being lifted, we know that the world of work and home life will never be the same.The biggest difference between the world of work before and after the coronavirus pandemic ...
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ArticleTPR increases pension standards and protection of members
The Pensions Regulator (TPR) has improved pension industry standards, and protected more schemes than ever before, according to its 2019-2020 Annual Report and Accounts (ARA).The ARA has showcased that the organisation has successfully completed national auto-enrolment, placing 98% of employees onto a pension scheme. Through introduced master trusts, 16 million ...
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ArticleEmployers can use furlough scheme during contractual notice periods
Guidance updated by HM Revenue and Customs (HMRC) confirms that employers can still claim for furlough payments if an employee has been put on a full notice period.The original guidance stated that organisations could claim the statutory notice period under the scheme, however, an amendment has made it clear that ...
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ArticlePost Office reports mean gender pay gap of 16%
Post Office has reported a mean gender pay gap of 16% for average hourly pay as at April 2019.The organisation, which currently has over 5,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations with 250 or more ...
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ArticleAsos repays government for cost of employee furlough scheme
Online retailer Asos is repaying the money it has received through the government's job retention scheme (GJRS).The organisation, which furloughed 1,000 employees in April 2020, saw a 10% growth within the business in June, despite the financial ramifications that the business faced during the height of the Coronavirus pandemic in ...
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OpinionAlastair Kendrick: Who really benefits from electric car tax incentives?
It is important to note that the benefit in kind (BIK) on electric vehicles applies only for the year to 5 April 2021, after which we will see the rate increase year on year. Therefore in determining the viability of moving across to an electric car, it is essential to ...
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OpinionDave Hedges: Optimising the benefit position of the company car
The idea of being provided with a brand-new car, courtesy of an employer with no initial costs or maintenance to worry about, may seem an attractive proposition. However, there are a number of points to consider from a tax perspective.When an employee is provided with a company car, which is ...