All Employee Benefits articles in Web Issue – Page 294
-
Article
Improved pay predictions as HR professionals anticipate upturn
Two-thirds (65%) of HR professionals anticipate an upturn in business over the next twelve months and nearly three-fifths (57%) expect business results to be on or above targeted levels for 2010, according to research from the Hay Group.However the firm's report Reward 2010 highlighted that 94% of organisations agree that ...
-
Article
More than half of employers rely on statutory sick pay to support absent staff
Workplace paternalism is becoming outmoded and employers now expect staff and their family members to look after themselves, according to research conducted by Group Risk Development (GRiD).The trade association's survey found that more than half (55%) of employers rely on state-funded statutory sick pay of £79 per week to support ...
-
Article
WorldatWork Survey: US employers 'still conservative on pay'
More than a third of US organisations still feel they are in recession and not in a position to unfreeze pay, a survey says.Even as the economy starts showing signs of life, a majority plan to remain conservative when it comes to pay practices in 2010, according to the WorldatWork ...
-
Article
Johnston Press is in talks to close final salary pension
Johnston Press has been in discussions with the National Union of Journalists (NUJ) about plans to close its final salary scheme.The company, which publishes titles including the Scotsman and the Yorkshire Press, has confirmed that it is entering into a two month consultation with staff over its proposal to close ...
-
Article
Commission outlines new gender pay reporting proposals
Employers that choose to analyse and report publicly their gender pay gaps will receive limited immunity from investigation, the Equality and Human Rights Commission has announced.As part of the commission’s drive to increase gender equality in the workplace, this step is aimed at encouraging organisations to adopt voluntary measures to ...
-
Article
Credit Suisse to cut bonuses for senior staff
Credit Suisse has cut its bonuses for London-based managing directors by 30% in a move that will see it pass on the majority of the supertax on bonuses to bankers.Credit Suisse also intends to reduce its entire bonus pool by 5%, which will further protect the bank from the 50% ...
-
Article
Executive pay outstripped by UK average increase
Executives’ pay has been outstripped by UK average pay increases for the first time in a decade, according to new research.Last year’s national average earnings increase (2.5%), outstripped FTSE 100 (1%) and FTSE 250 (0%) base pay increases for the first time in a decade, according to a PricewaterhouseCoopers (PwC) ...
-
Article
Holiday Inn gets staff to act as human bed warmers
News that the Holiday Inn will begin to offer a free five-minute human bed warming service raises poignant questions about how to reward employees who act as hot water bottles.No doubt the move, designed to help customers beat the big freeze, has bought a new meaning to the phrase ‘make ...
-
Article
Allen and Overy aims to retain talent with flexible working
Law firm Allen and Overy has announced plans to allow partners to work part-time in an attempt to retain its female staff.Partners will be allowed to use flexible working as part of the new arrangement and will either be able to work a four-day week or get an extra 52 ...
-
Article
Goldman Sachs bonus pot grew in 2009
Goldman Sachs is to pay out $16.2bn (£10bn) in bonuses for 2009, an average of more than £300,000 per employee.That is a rise of 37% up on 2008, although Goldman’s compensation figure as a percentage of its revenues was 35.8%, its lowest to date.The investment bank paid $519m, which would ...
-
Article
B&CE research: low opt out for auto-enrolment
Nearly two thirds of employees in the construction industry intend to contribute to the National Employee Savings Trust (Nest) pensions plan, according to research from B&CE, the employee benefits provider to the construction industry.Respondents, who are B&CE clients, indicated that 72% of them intended to contribute 4% of earnings and ...
-
Article
Most women want to work past state retirement age
Twenty-four per cent of men and 64 per cent of women say they plan to keep working beyond the state pension age, according to research commissioned by The Equality and Human Rights Commission.Its research, Older workers: employment preferences, barriers and solutions, surveyed 1,494 men and women aged between 50 and ...
-
Article
Simmons overhauls bonus scheme
Simmons & Simmons is overhauling the non-equity partner bonus scheme it introduced at the beginning of the 2008-09 financial year after not one person was paid under the arrangement, reports Luke McLeod-Roberts of The Lawyer, sister title to Employee Benefits.The firm has put in place a new package for London-based ...
-
Article
Employee Advisory Resource rebrands as Workplace Options
Employee Advisory Resource (EAR), the employee assistance plan (EAP) and work-life services provider, has officially adopted the name of its global partner, Workplace Options, and will now operate under its brand.Since 2006, EAR has partnered with Workplace Options, the largest provider of work-life employee benefits in the United States.To provide ...
-
Article
Lawrence Churchill appointed as chair of the Nest Corporation
The Department of Work and Pensions (DWP) has appointed Lawrence Churchill as the first designate chair of the National Employee Saving Trust (Nest) Corporation.From now until Nest Corporation is launched on 5 July, Lawrence will be chair designate and an advisor to the Secretary of State. Initially, he will focus ...
-
Article
Archant recognises staff at annual awards ceremony
Archant has recognised staff, teams and publications from across the company at its annual awards ceremony which took place in London.Editorial, commercial and support staff and teams were presented with trophies at the reception and lunch at the Landmark Hotel attended by around 160 divisional winners.Winners included Archant Dialogue ad ...
-
Article
Nissan Motors reappoints Mercer as global retirement consultants
Nissan Motors has appointed Mercer as its global retirement consultant for the second year running.Mercer will advise Nissan on pension governance all over the world. The move will strengthen the business relationship between Nissan and Mercer Japan, and also provide an opportunity to further the partnership between Nissan’s overseas subsidiaries ...
-
Article
Employers could save 35% on benefits costs by reviewing supplier contracts
Employers could save up to 35% on benefits costs by renegotiating supplier contracts, according to consultancy Hewitt Associates.In particular, savings could be made by reviewing benefits such as private medical insurance, group life assurance and group income protection.Colin Bullen, head of health and risk benefits at Hewitt Associates, said: “Companies ...
-
Article
Advent International acquires Xafinity
Global buyout firm Advent International has bought pensions provider Xafinity, which was previously owned by Duke Street. Being backed by Advent International gives Xafinity greater scope and financial muscle to achieve its next phase of growth. Following the successful acquisition and integration of Hazell Carr in 2008, Xafinity has a ...
-
Article
Employees underestimate how much employers spend on benefits
The majority (96%) of British workers underestimate the true amount that employers spend on employee benefits, according to research from Aon Consulting.When the 1400 respondents to Aon's survey were asked how much they thought their employer spends on their benefits as a percentage of their individual salary, almost two thirds ...