All Employee Benefits articles in Web Issue – Page 1334
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Supplier articleUsing your employee recognition programme to raise productivity
Whatever your industrial sector, talent acquisition and retention is crucial. Recruiting the best employees is a highly competitive business, but once you’ve acquired the best talent, how do you ensure that their productivity remains as high as possible? The short answer is to see past remuneration and rewards to focus ...
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ArticleAdmiral awards shares worth £1,800 to 10,000 employees
Financial services organisation Admiral Group is giving its 10,000 employees shares worth up to £1,800, under its share incentive plan.Since January 2020, the business has seen a continuous growth in revenue, and it is rewarding its employees with the shares that will be placed in Trust by the end of ...
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OpinionScott Cawood: Investing in post-pandemic workforces through total reward
As we trend toward the recovery phases of the economic meltdown triggered by Covid-19, people will begin returning to their workplaces. Many organisations will welcome back furloughed workers. The workforce we had prior to the pandemic will not be the same that returns. The pure mental and physical fatigue that ...
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ArticleInverclyde Council introduces £125,000 local furlough scheme
Inverclyde Council will introduce a local pilot furlough scheme to support businesses and employees during the Covid-19 (Coronavirus) crisis.The plan, which is expected to cost Inverclyde Council £125,000, will be used to pay 50% of furloughed employees salaries when the government's job retention scheme ends in October 2020. The government ...
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Article49% of employees believe pay should be based on ability not location
Just under half (49%) of employees believe that pay and benefits should be based on ability regardless of where an employee is based, according to research by Remote.The research published in August 2020, which surveyed 764 employees, also found that almost a third (30%) believe that pay and benefits should ...
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AnalysisHow will employers' reward strategies change when furloughed employees return to work?
Need to know:Organisations can instill confidence by reminding employees of benefits available in a total reward statement.Flexible pay options could help with financial stress when employees are returning to work. Creating a hazard pay benefit can give employees greater confidence.By August 2020, HM Revenue and Customs (HMRC) reported 1.2 million ...
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Case Studies
Infographic: Total reward during the Covid-19 pandemic
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Supplier article78% of organisations have seen an increase in requests for mental health support – but there's a silver lining
We teamed up with the Reward & Employee Benefits Association (REBA) to explore how Covid-19 has impacted employee mental health and what this means for organisations. The report analyses how perceptions around mental health are shifting, where companies may be investing over the next year, and what ...
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Supplier articleWEBINAR: Shaping the future of UK employee benefits: trends, action and technology
The world of work is changing at an unprecedented pace, impacting how we source our talent, retain, and engage them. Against this ever-changing backdrop, the need to evolve our employee benefits strategies and programmes has become even more important.As we move into the new world of work, companies need to ...
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ArticleThe Zebra offers staff $300 to spend on new pets
Something for the weekend: US insurance comparison site The Zebra is offering its employees up to $300 (£228) to spend on their new pets.The generous benefit is an attempt to financially help employees welcome their new furry (or scaley) friends into their home in style. This gives the 'new parents' ...
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ArticleThe top 10 most read stories: 6 August - 12 August
The top 10 most read stories between 6 August - 12 August were: Uber and Metro Bank extend remote working policies to 202187% would stay at an organisation if it commits to employee wellbeingWilliam Hill to repay government £24 million in furlough costsClifford Chance and Linklaters reduce pay for newly ...
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OpinionLovewell's logic: What does the current jobs market mean for benefits?
What a week it has been; in the space of just seven days, Office for National Statistics’ figures reported 730,000 fewer individuals are on payrolls since March 2020 and the UK economy officially entered recession.For the hundreds of thousands of individuals that have entered the UK jobs market, competition for ...
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Supplier articleNew features in employee engagement platforms
Every day, our 400+ RGers around the world are busy making the world a better place to work. And as we navigate through change and challenges among unforeseen environments, our dedication to creating world-class products and bringing our client experience to life through tireless innovation is here to stay.With so ...
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ArticleICI Pension Fund completes £70 million transaction
ICI Pension Fund has secured a £70 million buy-in with Legal and General Assurance Society (Legal and General).The buy-in, completed in May 2020 takes advantage, of current market conditions and has secured the benefit for new retirees. The deal is the ninth transaction with Legal and General securing a total ...
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ArticleIndependent Television News reports mean gender pay gap of 9.7%
Independent Television News (ITN) has reported a mean gender pay gap of 9.7% for average hourly pay as at April 2019.The organisation, which currently has over 1,200 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 ...
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ArticleBakkavor provides full sick pay for 1,600 employees
Food manufacturer Bakkavor will pay the 1,600 employees at its Newark dessert factory sick pay, if they need to self-isolate due to the health risks of Covid-19 (Coronavirus).Employees at the factory were previously paid the minimum legal statutory sick pay (SSP) requirement of £95.85 a week. However, from this week, ...
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ArticleTobermore launches employee health and wellbeing app for staff
Manufacturing organisation Tobermore has introduced a health and wellbeing app to support the mental health of its 300 employees.Launched 12 August 2020, the Tobermore Connect app gives employees access to a range of physical and mental wellbeing services 24 hours a day, seven days a week.Employees can make online appointments ...
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Supplier articleBusy Bees Benefits: How Will Benefits Evolve Over The Next Decade?
In recent years, many employers have been increasingly focused on benefits that promote wellbeing, boost retention, attract talent and, in turn, help them to secure better performance and employee engagement. However with the outbreak of the coronavirus combined with a recession and the changing working population, will this remain the ...
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Supplier articleBusy Bees Benefits: Post COVID-19 Workplace Health And Wellbeing Provision
COVID-19 will shape what wellbeing and recognition benefits employers have as part of their future benefits programmes. One of the key considerations will be to look at benefits that help to build resilience and improve the health and wellbeing of staff.Wellbeing benefit programmes that support healthy eating and promote exercise ...
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ArticleFamily Building Society completes £30 million defined benefit transfer
Family Building Society has completed a pension transfer to its Defined Benefit (DB) Complete Master Trust, from its previous DB scheme. The £30 million scheme, successfully agreed with TPT Retirement Solutions, will bring its 350 members onto the scheme, with 66 currently active in a cash balance section.The move is ...