All Employee Benefits articles in Web Issue – Page 1332
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Supplier article78% of adults say Covid-19 has highlighted importance of having savings
Savings now equally as important as pensionsIn a survey¹ conducted amongst 3,000 adults in the UK, 77.5% said that the recent pandemic has made them realise the importance of having savings to fall back on.In addition, 73% of those surveyed said that whilst having a pension and saving for the ...
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Supplier articleRemoving the cost barrier from essential employee well-being
Generali Employee Benefits UK and Bupa have announced a commercial partnership initiative to drive forward well-being programs designed for UK employers who are part of a multinational groupThe initiative aims to give employers access to the back-to-work support they need with a specific focus on risk assessment, testing and support ...
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Case StudiesZurich UK supports employees' financial wellbeing with education platforms
Insurer Zurich UK uses a number of financial education measures to support its 4,500 employees, and has promoted their use during the Covid-19 (Coronavirus) pandemic to help employees better understand their financial situations and options available to them.Zurich began working with Lifeworks in October 2019 in order to give employees ...
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OpinionJeremy Harris: Pensions remain an attractive form of investment
Covid-19 (Coronavirus) and lockdown have threatened livelihoods across all age groups. Constraints on current income may lead workers to defer financial planning decisions.They may be disinclined to invest following recent falls in markets. This reluctance may be most marked with pensions, which generally cannot be accessed until age 55.However, except ...
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AnalysisHow can employers ensure pensions are the right savings vehicle in the current climate?
Need to know:The Covid-19 outbreak has opened up many financial short-term issues for employees.Employees may be unaware that they can change their contribution levels to their workplace pension scheme.Financial education is crucial to ensure that all employees understand where their pension contributions are going, and how to alter levels if ...
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ArticleUber and Metro Bank extend remote working policies to 2021
Ridesharing business Uber and retail banking organisation Metro Bank are extending their home working policies to 2021.Uber plans to open its local offices in the US over the coming months, however, US-based employees can still take up the option of continuing to work from home until at least 31 June ...
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ArticleUniversity College Hospital NHS Trust reports mean gender pay gap of 16%
University College London Hospital NHS Trust has reported a mean gender pay gap of 16% for average hourly pay as at April 2019.The organisation, which currently has over 9,300 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.The reporting regulations require organisations ...
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Supplier articleInfographic: 8 ways to cultivate connection, productivity and culture
Over the last couple of months we’ve had many conversations with HR leaders who are working incredibly hard to support their people and companies through this time.Whilst many of us are maintaining our ‘swan-like presence’ for our Zoom meetings, beneath the water we’re paddling like crazy as the speed and ...
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Supplier articleSupporting Unmind users through Covid-19
When the corona-virus pandemic seized the world, the team at Unmind knew we could act fast and help our users to proactively protect their mental health in the face of many unknowns. We were humbled by their feedback, and are now excited to share the impact of ...
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ArticleHomerton Hospital workers to receive London living wage and full sick pay
200 outsourced cleaners, porters and security staff at Homerton University Hospital Trust will be paid the London living wage, as well as receiving full NHS sick pay.The new five-year contract, which was negotiated between Unison and GMB Union, the employees' representatives, and ISS, the private contractor which employs the staff, ...
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ArticleChick-fil-A celebrates employee's 90th birthday with a drive-through party
Something for the weekend: US fast-food chain Chick-fil-A celebrated the 90th birthday of one of its most-loved and longest-serving employees in style.The Atlanta branch of the organisation arranged for the staff member, named colloquially as 'Ms Ann', to receive a surprise birthday bash, and she was well and truly tickled ...
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ArticleConfessions of a benefits manager: Candid arranges crisis pensions training
The way Big Bad Boss is carrying on you would think there was a global financial crisis. Well, there is a global financial crisis, but surely this is a time for leaders to calmly steer us to a safer place, not to run around like lost children. Sadly, the Higher ...
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ArticleThe top 10 most read stories: 30 July – 5 August 2020
The most-read stories on Employee Benefits from 30 July - 5 August 2020 were... Furloughed employees to receive full pay if made redundantAmazon rewards front-line employees with appreciation bonusCity Sprint couriers win worker status and holiday pay benefitsBarclays, Sky and Royal Mail recognised as top employers for womenGovernment publishes further ...
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ArticleWilliam Hill to repay government £24 million in furlough costs
British bookmakers William Hill will repay the government £24 million for any furlough payments it has received during the Covid-19 (Coronavirus) pandemic.In April 2020, the organisation placed 7,000 employees on the government's Coronavirus Job Retention Scheme (CJRS) after lockdown restrictions forced it to close all of its branches.As well as ...
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Supplier articleWill your reward spend bring you results, from lock down to long-term?
As businesses gear up for more change this year as furloughing ends, redundancies loom and remote working becomes a more permanent feature for many, business recovery now rests on having healthy, safe and motivated employees. Various reports indicate that better communication of existing benefits and well-being programs is now the ...
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ArticleConstruction Industry Training Board freezes pay rises and bonuses until 2021
Construction Industry Training Board (CITB) has put a freeze on pay increases and has also postponed its performance related bonus payments for all of its employees.The decision which has been put in place until 2021, will affect all of its 850 employees. These recent measures follow on from the executive ...
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ArticleClyde and Co reduces salary for newly qualified solicitors
Law firm Clyde and Co has reduced the pay for newly qualified and trainee solicitors to deal with the financial strain of Covid-19 (Coronavirus).First year trainees will start at £38,000, compared to the previous salary of £40,000, second year trainees will start at £40,000, compared to the previous salary of ...
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ArticleFacebook extends remote working policy until July 2021
Technology giant Facebook has extended its remote working policy until July 2021 for all of its 52,534 US employees.The enhanced policy allows employees to take their time to return to the offices, when they are open, by giving them the option to remain working-from-home either full or part-time until 30 ...
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Supplier articleBusy Bees Benefits: Engaging With Your Workforce About Pensions
The introduction of auto-enrolment in 2012 meant that more employees than ever have been saving for retirement without having to actively engage. Regardless, it is still generally accepted that the current minimum contribution levels will not create enough retirement income for the average person.It therefore remains critical that employers work ...