All Employee Benefits articles in Web Issue – Page 1354
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Supplier article7 Questions with Robert Green - Vice President Reward at Colt Technology
Has your approach and strategy to employee benefits and Reward and Recognition changed given the current pandemic?Colt has always had a strong focus on rewarding and recognising our employees, however the current pandemic definitely highlighted that our approach is more important than ever. During these last few months, we put ...
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Supplier articleRecognise your team for a job well done with Each Person
Employee recognition regularly crops up on lists featuring tips on how to ensure your company has happy employees, with Entrepreneur.com suggesting it should be fourth in terms of your priorities as a CEO. On top of that, Deloitte states that ‘employee engagement, productivity and performance are 14% higher than in ...
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AnalysisHow can employers address the gender pensions gap during the pandemic?
Need to know:While the gender pay gap is well understood, another income gap is much less publicised: the extremely stark gender pensions gap. On average, women are retiring on a fraction of the amount men accumulate during their working lives.The Covid-19 pandemic may worsen an already-widening gap. In difficult times, ...
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Case StudiesFord seeks to address pay and pension gender inequalities through recruitment and retention policies
Ford Motor Company’s gender pay gap report reads differently to that of most employers. The organisation, which employs over 13,000 people in the UK, has a negative pay gap, in other words, women earn more than men on average. But the overall picture is much more nuanced than the headline ...
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OpinionKeith Richards: Employers must monitor the gender pay gap to tackle the pensions gap
Before the Covid-19 pandemic, women already faced a pension deficit that meant they retired on roughly a fifth of the amount a man had accrued.Data collected by the Chartered Insurance Institute’s Insuring Women’s Futures initiative before Covid-19 showed career breaks and part-time work reduce women’s prospects of getting a promotion, ...
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Supplier articleThe role of reward and benefits in diversity
Gethin Nadin, Director, Employee Wellbeing, BenefexLast year, HR thought leader Josh Bersin said that he believed employee diversity and inclusion was going to be one of the hottest HR topics of the year for employers around the world - and with good reason. The research in this area is now ...
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Supplier articleWhy the case for communication has never been stronger
Ed Kemp, Communications Consultant, BenefexGood news, everyone!I think we could all do with some of that.You’ve been wondering how to best support employees through challenging times, whilst simultaneously dealing with your own financial pressures and budget restraints. We understand how difficult that can be.The good news is, there is one ...
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ArticleEXCLUSIVE: 28% of employees do not understand the benefits available to them
Just over a quarter (28%) of employers believe that their employees do not fully understand the benefits that are available to them, according to research by industry body Grid.In survey of 1,675 HR decision makers and employees also found that 10% of employers believe their workforce is only aware of ...
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ArticleTesco employees appeal Employment Tribunal equal pay decision
Employees at supermarket chain Tesco plan to appeal a decision made by the Employment Tribunal which states that a job evaluation study is unreliable.The study, carried out by Tesco’s reward managers in 2014, found that 22 hourly-paid shop floor roles were equivalent to three higher-paid distribution centre roles.Tesco abandoned the ...
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ArticleTarget rewards 350,000 front-line employees with $200 bonus
US retailer Target has given 350,000 front-line employees a $200 (£155) bonus to thank them for their continuous hard work during the Covid-19 (Coronavirus) pandemic.Hourly-paid team members in stores and distribution centres, including seasonal hires, as well as employees who work within Target's guest and team member contact centres, will ...
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OpinionCaroline Harwood: Tax implications of Christmas parties during Covid-19
As we are now well into autumn, and Christmas decorations start making their way into shops, employers may have started to think about their annual Christmas party; but this year, it is different.With Covid-19 (Coronavirus) restrictions likely to be in place until Christmas in some shape or form, employers will ...
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OpinionTamsin Nicholds: Protecting low-paid employees on Universal Credit with employee ownership bonuses
The start of 2020 saw press coverage relating to organisations which had seen their good intentions thwarted when they had paid cash bonuses to employees only to see that those employees lost a corresponding amount of their benefits provided through Universal Credit.In practice, paying bonuses often has a negative effect, ...
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Supplier articleThe shift from legal to moral obligations
Gethin Nadin, Director, Employee Wellbeing, BenefexEmployers the world over are currently asking the same question; what are my responsibilities when it comes to my employees’ wellbeing? While Covid has certainly changed many employers’ outlook on the importance of supporting employee wellbeing, there is still a lot of grey area of ...
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Supplier article5 top tips when implementing flexible benefits platforms
What do you need to consider when changing your flexible employee benefits platform, or when you are putting a new one in place? With the right skills it can be relatively easy to put together a slick website that looks and feels great, but what about the ...
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ArticleAviva and Standard Life Aberdeen gain living hours accreditation
British insurer Aviva and global investment organisation Standard Life Aberdeen have become living hours organisations, accredited by the Living Wage Foundation.The Living Hours programme provides an enhanced standard for employers to abide by, going beyond the commitments of the Living Wage accreditation. Aviva and Standard Life Aberdeen, whichare the first ...
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ArticleEuropean Tyre Enterprises gives 7,000 employees early access to pay
Car services retailer European Tyre Enterprises (ETEL) has given its 7,000 employees the chance to access their pay early, as well as offering wellbeing tools to help employees avoid financial stress.The organisation, which owns Kwik Fit (pictured) and Stapletons Tyre Services, will give employees the flexibility to access a portion ...
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ArticlePensions lifetime allowance to increase by £5,800 next year
The pensions lifetime allowance (LTA) limit is to increase to £1.078 million from April 2021/2022.This represents an increase of £5,800 from the current £1.073 million limit that was set in the 2020/2021 tax year, meaning that pension members can save more money into their funds without receiving a tax charge.The ...
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ArticleMorgan Sindall Construction becomes accredited living wage employer
UK infrastructure organisation Morgan Sindall Construction has become a real living wage employer, accredited by the Living Wage Foundation.The organisation now commits to paying its 6,400 employees a minimum of £9.30 per hour, or £10.75 in London, as part of its dedication to improving employer standards in the construction industry. ...
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Case StudiesFujitsu responds to Covid-19 pandemic with a focus on employees’ physical and mental wellbeing
At Fujitsu, employees’ wellbeing and safety has always been a high priority. The Covid-19 (Coronavirus) pandemic placed this even more under the spotlight.Paula Evans, head of pensions and benefits, UK and Northern Ireland, explains how the organisation’s thinking behind its benefits strategy seeks to support this: “[The philosophy] is really ...
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Case StudiesThe benefits offered by Fujitsu UK and Ireland
The benefits offered by Fujitsu UK and Ireland:PensionsA master trust pension scheme for all employees. Double matched employer contributions, for example if an employee pays 3%, the employer pays 6%, with employer contributions are capped at 10%. Contributions can be changed on a monthly basis.Healthcare and group riskGroup income protection ...