All Employee Benefits articles in Web Issue – Page 1587
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ArticleLexmark completes £46 million pension buy-in
Credit: JHVEPhoto / Shutterstock.comPrinter and image product manufacturer Lexmark has completed a £46 million pension buy-in for its UK division's pension scheme.The deal, which was carried out with insurance and financial services Canada Life and pensions administration, investments and employee benefits provider Broadstone, secures the benefits of all 177 plan ...
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ArticleBNP Paribas Real Estate reports 23% mean hourly ethnicity pay gap
Credit: JeanLucIchard / Shutterstock.comBNP Paribas Real Estate has reported a 23% mean hourly ethnicity pay gap for the 2022/2023 year, in its first combined gender and ethnicity pay gap report.The firm’s mean hourly pay rate for white employees was £30.08, while for other ethnic groups it was £23.18. Its median ...
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ArticleIncreasing minimum pension contributions to 12% could boost savings by £95,530
Increasing minimum pension contributions under auto-enrolment from 8% to 12% could result in additional contributions of £10 billion a year in the UK, according to research by Phoenix Group and WPI Economics.The long-term savings and retirement business and economic consultancy’s report Falling behind the curve, which models the cost to ...
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AnalysisWhat should employers look for in a default investment strategy?
Credit: Shutterstock/Olivier-Le-MoalNeed to know:Lifestyling is the optimal solution for defined contribution default strategies.A big trend is to introduce investment in private equity into default funds for young members, to drive returns.The new reporting regime for pension schemes to disclose their investment allocations to UK markets is flawed.Most defined contribution pension ...
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ArticleCentral Co-op and Ikea UK shortlisted for Best benefits to support work-life balance
Retailers Central Co-op and Ikea UK have been shortlisted for the Best benefits to support work-life balance award at the Employee Benefits Awards 2024.The award was introduced for 2023, then known as Best benefits to support work-life balance and hybrid working. It recognises strategies that offer greater flexibility to help ...
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ArticleKao Data hires Kalay Moodley as chief people officer
Kao Data, the developer and operator of data centres engineered for AI and advanced computing, has appointed Kalay Moodley chief people officer with immediate effect.In this role, Moodley will be responsible for leading Kao Data’s human resources function, embedding new operational frameworks and change management strategies, and harmonising both its ...
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Supplier articleSustainability at the heart of everything… eco-friendly employee benefits
Monday, 22nd April, was Earth Day, and this year’s theme is Planet v. Plastics. The organisation is demanding a 60% reduction in the production of all plastics by 2040. Sustainability is at the heart of all we do at Pluxee UK, and we’re constantly striving to innovate ...
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ArticleUnum UK receives Great Place to Work accreditation
Employee benefits provider Unum UK has been accredited as a Great Place to Work organisation in the UK.Great Place To Work recognises employers which have created a strong workplace culture, employee experience and leadership behaviours. Its accreditation process includes asking employees to complete a short confidential questionnaire about what they ...
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ArticleJust 35% of employees feel confident in choosing how to access their pension
Just over one-third of pension savers (35%) feel confident to make decisions such as choosing how to access their pension when they reach retirement age, according to research by workplace pension scheme provider TPT Retirement Solutions.Its survey of more than 2,500 defined contribution (DC) scheme members also found that a ...
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ArticleTikTok video reveals corporate job with shockingly long working hours
Something for the weekend: Some jobs will require employees to be on call some of the time, which they are generally aware of before starting the role. However, there are some employers that push this a bit too far.Devin Raimo, who goes by @devinraimo on TikTok, explained in her now ...
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ArticleThe top 10 most-read articles between 19 - 25 April 2024
The top 10 most-read articles on employeebenefits.co.uk between 19 - 25 April 2024 were: Autoglass and Burger King shortlisted for Best financial wellbeing strategy – large employerGovernment to review fit note systemMichelin guarantees global living wage and enhances parental and healthcare benefitsHays rolls out wellbeing support for UK and Ireland ...
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OpinionLovewell's logic: Is the government right to reform the fit note?
What is your view of the government’s plans to reform the fit note system?In a speech on 19 April, prime minister Rishi Sunak announced that the government will take steps to transform the sick note culture in a bid to reduce the number of individuals that are deemed unfit for ...
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Supplier articleEach Person Teams Up with Staffordshire and Stoke-on-Trent Integrated Care System (ICS) for Enhanced Team Recognition
The Integrated Care System takes pride in going the extra mile for its team. Through its recent collaboration with Each Person, an impressive 30,000 individuals now have the opportunity to receive the recognition they deserve.Each Person is delighted to announce the joining of their new partnerships aimed at enhancing employee ...
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ArticleRetention and meeting pay expectations biggest challenges for UK organisations
The biggest challenges for UK organisations include retaining talent, meeting pay expectations and supporting employees’ wellbeing, according to esearch by HR software provider Ciphr.Its survey of 300 UK HR decision-makers also found that 51% of respondents reported employee retention as their top worry for the year ahead. Almost half (46%) ...
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ArticleArriva Northumbria drivers and engineers receive pay increase
More than 300 workers employed by bus operator Arriva Northumbria have accepted a pay increase following an dispute over pay and conditions.The drivers and engineers, who are members of trade union Unite and are based at the Blyth and Ashington depots, have secured a 6.1% increase from this month. They ...
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ArticleRetaining talent and meeting pay expectations are biggest challenges for UK organisations
The biggest challenges for UK organisations include retaining talent, meeting pay expectations and supporting employees’ wellbeing, according to new research by HR software provider Ciphr.The survey of 300 UK HR decision-makers found that 51% of respondents reported employee retention as their top worry for the year ahead. Almost half (46%) ...
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ArticleDepartment for Education to offer teachers up to £6,000 incentive
The Department for Education is to offer up to £6,000 to teachers working in science, technology, engineering and mathematics (STEM) subjects, as well as early years education, from September.The incentive is part of the government’s drive to support schools and colleges to recruit and retain early years, further education and ...
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ArticleGuy’s and St Thomas’ NHS Foundation Trust recruits new chief people officer
Guy’s and St Thomas’ NHS Foundation Trust has appointed Crystal Akass as its new chief people officer, with a starting date of 5 August.Currently chief people officer at Royal Free London NHS Foundation Trust, a post she has held since 2021, Akass will succeed current chief people officer Julie Screaton, ...
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ArticleFirefighters and fire control staff to receive on-call and maternity pay rises
Firefighters and fire control employees have received maternity pay improvements, as well as an increase to pay and the retainer paid while on-call.The package has been negotiated at the National Joint Council between the Fire Brigades Union and fire employers for some months and would be binding on all UK ...