All Employee Benefits articles in Web Issue – Page 1612
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ArticleDigital Science appoints new chief people officer
Digital Science, a technology firm in the research ecosystem sector, has appointed human resources leader and author Claire Fox to the role of chief people officer. Based in London, Fox will join the Digital Science executive team. She has more than 20 years’ HR experience, initially in ...
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ArticleChancellor launches pensions system review
Chancellor of the exchequer Rachel Reeves has launched a review to boost investment, increase saver returns and tackle waste in the pensions system. The review will be led by minister for pensions Emma Reynolds and will focus on defined contribution workplace schemes and the Local Government Pension ...
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ArticlePioneering Care Partnership becomes living wage employer
Health and wellbeing charity Pioneering Care Partnership (PCP) has received living wage employer accreditation as part of its commitment to support its workforce.As part of the accreditation, each PCP employee will receive a minimum hourly wage of £12, which is the real living wage rate for workers across the UK. ...
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ArticleMacmillan Cancer Support completes £33.7 million pension bulk annuity deal
Credit: Serge Cornu / Shutterstock.comCharity Macmillan Cancer Support has completed a £33.7 million bulk annuity deal for its pension scheme.The full scheme buy-in with Aviva will secure the scheme’s retirees and deferred members’ benefits. The defined benefit (DB) scheme is maintained by Macmillan, under the stewardship of a board of ...
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Article
Poll: Do you offer financial advice as an employee benefit?
Take part in our latest readers’ poll on a current topical issue. Earlier this month, Employee Benefits reported that one in three (34%) UK organisations admitted they do not offer financial advice, according to new research by Close Brothers’ Workplace Financial Wellbeing Service.The findings revealed that this increases to 51% ...
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OpinionNigel Peaple: What does the new government's reform agenda mean for UK pension schemes?
The government’s pensions reform agenda could reshape the rewards and benefits landscape, presenting both opportunities and challenges for employers. So, what could this mean for the UK workforce? The newly announced pensions review presents an opportunity to improve pension adequacy. Likely to be considered during 2025, employers ...
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AnalysisWhat could the Labour government mean for employers' reward and benefits strategies?
Credit: Mistervlad/Shutterstock Need to know: The Labour government’s Employment Rights Bill will enhance employee rights but there are concerns that proposals could have unintended consequences, adding cost, disadvantaging some businesses and their employees, and affecting recruitment strategies. Extending pay gap reporting to ethnicity and disability may ...
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Article40.6% of employers have between 0-25% health and wellbeing benefits take-up
Employee Benefits poll: Two-fifths (40.6%) of organisations revealed that their employee take-up of health and wellbeing benefits was between 0-25%, according to a survey of Employee Benefits readers.One-fifth (21.9%) of respondents said that their employee take-up of these type of benefits was between 26-50% and 51-75%. Meanwhile, 15.6% answered that ...
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ArticleRingwood Town Council accredited as living wage employer
Ringwood Town Council in Hampshire has been accredited as a living wage employer as part of its commitment to fair pay for its employees. Every worker aged 18 and over at the council will now receive a minimum hourly wage of £12 as part of the accreditation. ...
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ArticleBromford Housing Association receives menopause-friendly accreditation
Bromford Housing Association has received menopause-friendly accreditation as part of its aim to become a more inclusive employer.The accreditation was established by Henpicked: Menopause in The Workplace and recognises proven practices that embrace menopause in the workplace. Employers who demonstrate their effectiveness in culture, policies and practices, training, engagement and ...
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ArticleScottish Borders Housing Association staff accept 5.5% pay rise
Around 160 workers at Scottish Borders Housing Association have accepted a 5.5% pay rise and improvements to their working conditions as of this week.The employees are based at the association and charity’s Selkirk headquarters and are members of trade union Unite. They work in trades roles, including joiners, painters, plumbers, ...
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OpinionAmanda Glover: Impact of new flexible working laws on employees
The employment law changes that came into effect in April 2024 are likely to have been overshadowed for many by the general election and the multitude of proposed employment law changes that have been put on the table by the Labour party.The Employment Relations (Flexible Working) Act 2023, which came ...
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OpinionRichard Branson: Prepare for proposed increases to national minimum wage
In April 2024, the previous Conservative government increased the national minimum wage (NMW) for people over the age of 23 from £10.42 per hour to £11.44, a rise of 9.8%. The NMW rate for 21 and 22-year-olds also moved to £11.44 per hour from its previous rate of £10.18, representing ...
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Article67% of employers uncertain which benefits are most valued by employees
Two-thirds (67%) of employers are uncertain which benefits are most valued by their employees, according to research by Howden Employee Benefits. Its Employee benefits and wellbeing in Scotland report, which is based on a survey of more than 100 HR professionals and business leaders, also found that ...
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ArticleCisco, Hilton and KnowBe4 among the Best Workplaces for Millennials 2024
Credit: rafapress / Shutterstock.com Software firm Cisco, hotel chain Hilton and security awareness training platform KnowBe4 have been named as some of the Best Workplaces for Millennials 2024 by global workplace culture firm Great Place To Work. Its certification is used as a global benchmark for identifying ...
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ArticleParkdean Resorts introduces menopause support for employees
Credit: Colin Burdett / Shutterstock.comHoliday park operator Parkdean Resorts has introduced dedicated support and services to its employees who are going through the menopause.Workers at all of Parkdean Resorts’ UK parks and offices can now access an online menopause clinic that provides holistic care, provided by My Menopause Centre. In ...
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Case StudiesNewcastle Building Society increases staff awareness of how to trace small pension pots
When Ben Thomas joined Newcastle Building Society as head of reward in 2023, one of his first priorities was to benchmark how the organisation performed against competitors.Central to this was its pension scheme. “We offered a competitive pension that was above the market median but a majority of colleagues weren’t ...
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AnalysisHow to help staff trace and consolidate small pension pots
Credit: Dilok Klaisataporn/ShutterstockNeed to know:Significant amounts of money are tied up in small pension pots, many of which may have been forgotten.The Pensions Tracing Service can help people reconnect with lost pensions.Employers can help staff with this process and engage with pensions more generally.The UK is sitting on a ticking ...
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Article40% offer physical health support to help staff stay in or return to work
Just two-fifths (40%) of employers offer staff support around their physical health to help them stay in or return to work, if they are injured or have a new illness or disability, according to research by industry body Group Risk Development (Grid). Its survey of 500 HR ...
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ArticlePX workers for Sellafield accept improved pay offer
Around 40 workers employed by PX at the Fellside Combined Heat and Power plant have accepted a pay offer, ending ongoing industrial action.The employees undertake a range of roles, including shift managers, operators, electrical and instrumentation technicians and administrators at the plant, which provides electricity and steam to Sellafield in ...