All Employee Benefits articles in Web Issue – Page 1399
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OpinionKaren Plumbley-Jones: Employers need to be aware of changing restrictions on exit payments
What government can introduce, government can also take away. Anyone who follows the machinations of local government have noted with interest that new rules (The Restriction of Public Sector Exit Payments Regulations 2020) recently came into force on 4 November 2020. Within them was the introduction of a £95,000 cap ...
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Supplier articleHow to scale a reward and recognition programme
While we're still in the thick of the winter doldrums in many parts of the world, spring is just around the corner. And as we know, this has been a year like no other. As we reflect on what we've learned throughout the COVID-19 pandemic, we've heard from many that ...
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ArticleCitigroup introduces wellbeing focused ‘Zoom-Free Fridays’
Investment bank Citigroup has introduced ‘Zoom-free Fridays’ to prevent staff suffering from burnout and to allow them to better manage their work-life balance.In a internal memo sent to its 200,000+ staff on Monday, the company's new CEO Jane Fraser wrote: “The blurring of lines between home and work and the ...
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ArticleRothesay secures £6m aviation pensions scheme buy-out
Rothesay and K3 Advisory, the bulk annuity and consolidator, have completed a £6 million pensions buy-out with an unnamed aviation scheme in a deal which insures the benefits of eight pensioners and 31 deferred members.The scheme had already insured the benefits for more than 20 members in 2009 through a ...
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ArticleBT gives staff £1,500 Covid-19 bonus
Telecoms company BT is to reward its staff with £1,000 in cash and a further £500 in shares as a thank-you for all their hard work during a difficult 12 months of lockdown.The awards will cost the business £110 million when it gives all 59,000 key workers the £1,000 sum ...
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Case StudiesGripple's employee ownership model boosts engagement and retention
Gripple, a Sheffield-based manufacturer of wire joiners and suspension systems with 700 staff, has been fully employee owned since 2011, although employees were first allowed to buy shares in the business back in 1994.The organisation uses a direct ownership rather than a trust model, with governance, management and oversight managed ...
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AnalysisHow can employers build the business case for employee ownership?
Need to know:The experience of the pandemic is encouraging more organisations to take stock and think about how best to be structured in the future, including employee ownership.Employee ownership can bring tax breaks with it, but can also make an organisation more resilient, collaborative and better able to weather a ...
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OpinionDeb Oxley: Employee ownership unlocks the potential of people and business
There are many compelling reasons why employee ownership is one of the fastest growing succession options for small- and medium-sized enterprises (SMEs), and family businesses that have no natural successor.For employees it gives them a stake and a say that allows them to share in both the responsibility and reward ...
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Supplier articleCentralising employee engagement initiatives through technology to boost benefits, recognition and wellbeing uptake
Employee benefits are a great way to provide extra financial support for your employees and show them you’re invested in them, but without the proper technology in place, organisations frequently see low benefits uptake. When benefits aren’t centralised and are difficult to access, employees won’t take the initiative to use ...
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Supplier articleWhy you should choose Each Person as your employee of the month scheme
Most progressive companies have an employee recognition scheme in place, and employee of the month is arguably the easiest to implement within a rewards and recognition scheme. This being said, there are still companies that don't have an effective nomination scheme in place.So why should you choose Each Person to ...
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ArticleOne-fifth of managers want to quit from Covid-19 burnout
Covid-19 (Coronavirus) is not just taking its toll on frontline employees; managers are suffering burnout too, with new data showing it is forcing many to the point of wanting to quit.Research from Benenden Health has found nearly two-thirds of managers have experienced burnout during the past 12 months, with more ...
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ArticleVirgin Care introduces EWA incentive for staff
Photo credit: Virgin CareVirgin Care, the health and social care provider, has unveiled an Earned Wage Access (EWA) incentive for its 4,500 full-time workers.The collaboration with financial wellbeing platform Wagestream is designed to help employees deal with unexpected expenses and prevent financial strain.Under the scheme, individuals will be able to ...
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ArticleNationwide allows permanent working from home
Nationwide Building Society has announced that all of its 13,000 office staff will be allowed to work remotely – even after restrictions urging people to do so are eased.The move means it has become one of the largest employers to formally introduce permanent working from home.In a statement, the organisation ...
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Article42% of leisure workers would hide mental health issues
As many as 42% of leisure workers would not be honest with their employer about the need to take time off for a mental health issue, a national study has revealed.The Workforce state of mind survey 2021, which polled 1,140 individuals and employers across 81 organisations in the fitness and ...
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ArticleCiti appoints new senior HR officer
Investment bank and financial services group Citi has announced it has promoted one of its most experienced HR professionals, Helen Hale, to the role of senior HR officer (EMEA).Reporting to the organisation's head of HR, Hale’s new appointment is the latest in a long line of human resources roles she ...
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Supplier articleLaunching global benefits technology in APAC
Launching an employee benefits platform in multiple territories can be daunting, but it can also pay off, big time! We spoke to Tatiana Beidar who, during her time at Salesforce, implemented a brand-new benefits platform across several regions with huge success.“When looking at any new technology or initiative or process, ...
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ArticleGeneral Motors completes £53 million bulk annuity deal
The defined benefits (DB) liabilities of members of the General Motors VACPF (Vauxhall Associated Companies Pension Fund) have been insured by Aviva, it has been announced.The £53 million bulk annuity transaction means the DB liabilities of 1,392 members are now protected, removing the investment and longevity risk from the Fund.The ...
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ArticleThe top 10 most-read articles between 18 March – 24 March 2021
The top 10 most-read stories on employeebenefits.co.uk between 18 March – 24 March 2021 were: Supreme Court dismisses sleep pay claimsHas the role of health cash plans changed during the pandemic?BAE Systems outlines placing mental health at the centre of wellbeing strategiesEmployee wellbeing findings a ‘wake-up call’ for actionBT gives ...
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ArticleMental health challenge for 70% of young employees
Younger generations want their employers to focus far more on the mental health challenge they are facing, according to new research by social purpose strategy firm Purpose Union.The study dramatically revealed the impact the Covid-19 (Coronavirus) pandemic has had on employee wellbeing, with seven in 10 (70%) of millennials and ...
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OpinionKavitha’s keynote: A year of home working
This week marked the one-year anniversary of the UK’s first lockdown and, for many employees, it was also the first anniversary of their unexpected shift to full-time home working.While there is no doubt the pandemic has presented numerous challenges for employers – largely due to the very sudden need to ...