All Employee Benefits articles in Web Issue – Page 1327
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AnalysisWhat are the latest trends in company car schemes?
Need to know:Tax changes for low emission vehicles has increased the demand on company car schemes.Employers may benefit from the perks of investing in an electric car scheme.Due to the impact of the Covid-19 pandemic, organisations may be rethinking their company cars strategy.Trends in company car schemes have been shifting ...
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Supplier articleHow to ‘move forwards’ when you ‘go back’ to your workplace
Lock down is lifting and little-by-little employees are going back to their workplaces. Restrictions remain and some employers are bringing their teams back on a shared or rota basis. Things will still feel strange and an understandable degree of nervousness exists. But, overall, there is a rising sense that the ...
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Supplier articleHow can reward and recognition assist a team to be innovative?
Cast your mind back 20 years. Imagine a world of dial up internet, mobile phones just making phone calls, no plethora of online platforms to communicate both personally and professionally? It's mind blowing to see the pace of innovation and development in such a short period time, and it's only ...
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ArticleGovernment increases pay for 900,000 public sector workers
The government is to give 900,000 public sector workers in the UK a 2%-3.1% pay rise to recognise them for their efforts during the Covid-19 (Coronavirus) pandemic.The government will increase the salary of teachers by 3.1% and doctors by 2.8%, while police, prison officers and national crime agency staff will ...
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ArticleRoyal Bank of Scotland extends remote working policy to 2021 for 50,000 employees
Scottish bank Royal Bank of Scotland (RBS) is extending its remote working policy until 2021 for 50,000 employees.The extension has been put in place to ensure the safety and wellbeing of the large proportion of its employees who are currently home-based. The organisation is also ensuring all of its staff ...
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ArticleBellcare Domiciliary becomes an accredited living wage employer
Cumbrian care organisation Bellcare Domiciliary has been accredited as a living wage employer by the Living Wage Foundation.The organisation is now committed to paying its 130 employees a minimum of £9.30 an hour, with senior care staff seeing their pay increase to £9.70 per hour, from August 2020. This sees ...
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Supplier articleApproaching difficult conversations in the workplace
Like it or not, offices can’t always be harmonious places to work. At some point you’ll need to address an issue with a colleague, but what’s the best way to handle this? According to the Difficult Conversations: How to Discuss What Matters Most book by Douglas Stone, Bruce Patton and ...
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OpinionRosalind Connor and Aneliese Sweeney: Regulator's guidance for consolidators is just the beginning
The Pensions Regulator (TPR) has published guidance for defined benefit (DB) consolidators, setting out the framework for their authorisation and regulation.Specific consolidator legislation had been expected to be included in the Pension Schemes Bill which has now passed through the House of Lords. However, following the omission of consolidators from ...
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Supplier article72% of employees want access to a workplace savings scheme
92% of employers would implement a workplace savings scheme 87% of employers say financial worries have a negative effect on an employee’s performance According to a recent survey[1], 72% of employees want their employers to offer a workplace savings scheme in addition to ...
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ArticleAO World introduces profit share scheme for 3,000 staff
Online retailer AO World is to introduce a profit share scheme for its 3,000 employees.The incentive, which is set to be implemented during the 2020/21 financial year and has been named the Value Creation Plan (VCP), will give employees the opportunity to receive an extra payment, if any value is ...
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ArticlePremaberg Holdings completes £5 million bulk annuity transaction
UK manufacturer Premaberg has completed a £5 million bulk annuity buy-in of Premaberg Holdings Retirement Benefits Plan with Just Group.The deal, which was completed in conjunction with Mercer, is the first step to securing the defined benefit (DB) pension retirement funds of the 64 members that will be affected by ...
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Article16% of employees are worried about their everyday finances
One in five (16%) UK employees are currently worried about their everyday finances (June/July 2020) compared to 28% in April 2020, according to research by Nudge.Its survey of 300,000 employees also found that the percentage of employees worrying about financial budgeting has also decreased, falling from 30% to 14% in ...
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Supplier articleDealing with constructive feedback
Receiving feedback is a vital way for employees to reflect on their performance at work and take steps to develop and improve it. Unfortunately, the process doesn’t always operate as smoothly as that. According to Kluger and DeNisi, feedback only leads to change in one of the three occasions it’s ...
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AnalysisWhat support can be given to employees going through difficult financial times?
Need to know: The Covid-19 pandemic has placed many employees in difficult financial situations.Employers must break the stigma of financial wellbeing to communicate with their employees.Financial education and tools can support employees who are struggling with finances during this time.The Covid-19 (Coronavirus) pandemic has created an unprecedented amount of financial ...
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OpinionMatthew Connell: Employers have access to tools that support employee financial wellbeing
An employer’s relationship with its employee is an important one and goes beyond a focus on day-to-day work priorities. With the increased focus on health and wellbeing over recent years, it has meant this relationship is more important than ever.Building an open and trusting relationship where employees can feel comfortable ...
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Case StudiesUniversity of Lincoln launches financial wellbeing website during Covid-19 pandemic
Financial education for employees has always been a top priority for the University of Lincoln. At the height of the Covid-19 (Coronavirus) pandemic, the organisation launched a new portal to ensure that employees have access to sources of financial education during this time of uncertainty.The website, Lifechoice, was launched in ...
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Article44% of employees are more efficient working from home
Two in five employees (44%) believe they are more efficient working form home, according to research by ENEI.The research of 113 employees during the Coronavirus (Covid-19) pandemic, published July 2020, also found that just over a quarter (27%) said that the work they produce is of a higher quality while ...
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ArticleScottish government offers healthcare workers 24 hour mental health support
The Scottish government has introduced a mental health helpline for healthcare and social care workers to support their mental wellbeing during the Coronavirus (Covid-19) pandemic.The national helpline, NHS 24, which is available 24 hours a day, seven days a week, gives care workers the opportunity to seek mental health advice ...
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ArticleCatalyst repays government for cost of job retention scheme
Housing organisation Catalyst is repaying back the total cost of the furlough payments it has received from the government during the Covid-19 (Coronavirus) pandemic.The organisation placed 101 employees on the government's job retention scheme in March 2020 but has since returned 76 employees back to work, with the majority of ...
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ArticleKPMG to consult on pension contribution cuts
Professional services organisation KPMG is consulting with employees on proposed cuts to pension contributions in order to deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.If agreed, the proposed decrease would affect 20% of KPMG's 16,000 UK employees, who are currently saving in to a flexible retirement growth pension ...