All Employee Benefits articles in Web Issue – Page 32
-
ArticleNational living wage to rise by 6.7% in April 2025
The government is to increase the national living wage by 6.7% from April 2025. Chancellor of the Exchequer Rachel Reeves has announced the rate will rise from £11.44 to £12.21 an hour, which will be worth £1,400 a year for an eligible full-time worker. It is part ...
-
OpinionAmanda Glover and Jesse Akiwumi: Potential impact of the Employment Rights Bill
Source: Clarkslegal Jesse Akiwumi and Amanda Glover from Clarkslegal The Employment Rights Bill aims to put an end to exploitative zero-hour contracts. The bill introduces a requirement for employers to offer workers, on zero-hour or low hour contracts, the ability to move to guaranteed hours. ...
-
ArticleDeutsche Bank completes £1.1 billion full pension buy-in
Deutsche Bank has completed a £1.1 billion full buy-in for its UK pension scheme. The scheme is sponsored by a subsidiary of Deutsche Bank and is a client of Legal and General’s asset management division. The buy-in secures the benefits of around 4,000 members. LCP was lead ...
-
ArticleBritish Society for Immunology to pilot four-day week
The British Society for Immunology (BSI) has announced that it will take part in a four-day working week pilot for six months, starting on 4 November. During the pilot, which was approved by the board of trustees in July, participating BSI staff will be able to choose ...
-
ArticleFDM Group reports -2.5% mean gender pay gap for 2024
Source: T. Schneider / Shutterstock.com Global business and technology consultancy FDM Group has reported a -2.5% mean gender pay gap for 2024, compared to -7.6% the previous year. The employer’s median gender pay gap was -5.1%, versus -4.3% in 2023. Its mean bonus gap for 2024 was ...
-
ArticleLifetime provider model for pensions scrapped
Plans to introduce a pot for life for employee pensions will no longer go ahead, according to the Department for Work and Pensions. The previous Conservative government had proposed introducing a lifetime provider model (LPM), which would allow employees to have a single pension scheme throughout their ...
-
Case StudiesNewcastle Building Society prioritises functionality in a benefits platform
Credit: ML Robinson / Shutterstock.com When Newcastle Building Society chose a new benefits platform, one of the key consderations was to prioritise functionality. Ben Thomas, head of reward at the building society, has been involved in choosing a number of benefits platforms over ...
-
AnalysisKey questions to ask of providers when selecting a benefits platform
Benefits platform choice - shutterstock_2385912181 Need to know: Employers need to ensure a benefits platform is easy for employees to engage with. A platform or app that has all benefits provisions in one place is preferable. Due diligence into any benefit platform is key. ...
-
![[IMAGE] Employee Benefits - Employee Productivity Handbook (1)](https://d1m12snq5oxhll.cloudfront.net/Pictures/100x67/8/1/7/106817_imageemployeebenefitsemployeeproductivityhandbook1_306966.png)
Supplier articleHow to Build a Strong Corporate Volunteering Policy
In today’s competitive business landscape, a corporate volunteering policy isn’t just a nice-to-have: it’s a must. Companies that empower employees to give back through corporate volunteering programs aren’t just making a positive impact on the world; they’re also attracting top talent, strengthening customer trust, and improving overall ...
-
Article
Poll: Do you think the real living wage increase to £12.60 an hour goes far enough to support employees?
Take part in our latest readers’ poll on a current topical issue. Last week, Employee Benefits reported that the Living Wage Foundation announced an increase in its real living wage rate to £12.60 across the UK, and £13.85 in London. The rise is a 60p, or 5%, increase for the ...
-
ArticleBoosst transitions to employee ownership trust
Financial planning firm Boosst has transitioned to an employee ownership trust (EOT) in order to ensure its long-term independence and commitment to its clients and employees. Owners Keith and Linda Butten, and managing director Josh Butten, have transferred 100% of their shares to the EOT and have ...
-
ArticleRAC completes £1.3 billion pension buy-in
Source: Andrew Harker / Shutterstock / 1819817303 Vehicle breakdown cover provider RAC has completed a £1.3 billion full-scheme pension buy-in for its 2003 pension scheme. The full scheme buy-in insures £1.3 billion of liabilities and secures benefits for around 19,000 of the scheme members. The transaction, which ...
-
ArticleScotRail becomes endometriosis-friendly employer
Source: From Shutterstock / 698624737 Scottish train network ScotRail has become an endometriosis-friendly employer scheme as part of its pledge to support its employees impacted by the condition. Through the scheme, which is run by charity Endometriosis UK, the employer will improve its support for its affected ...
-
ArticleManchester University NHS Foundation Trust appoints new chief people officer
Source: From Manchester University NHS Foundation Trust Meera Nair Manchester University NHS Foundation Trust (MFT) has appointed Meera Nair as its new chief people officer and to its board. Nair is currently chief people officer for Lewisham and Greenwich NHS Trust and the South East London Integrated ...
-
ArticleTransUnion UK pledges to become menopause-friendly employer
TransUnion UK, a global information, insights and credit reference agency, has pledged to become a menopause-friendly employer to build on existing support for employees. Its commitment enables the agency to access Menopause Friendly’s monthly webinars on menopause-friendly employer accreditation pillars, specialist masterclasses, access to a library of ...
-
ArticleFather awarded £20,000 after gossip about his flexible working
A man has won more than £20,000 in a claim for sex-based harassment after his colleagues ‘gossiped’ about him working flexible hours. Courtney Rawlins worked for parcel delivery service DPD as a driver, and made a request for flexible working ahead of the birth of his daughter, ...
-
Supplier articlePluxee UK Explains How to Calculate Employee Turnover
Pluxee UK dives into the key performance indicators (KPIs) that are essential for HR professionals, focusing specifically on employee turnover. You’ll learn what employee turnover is, how to calculate it, and why it’s important. We’ll also break down the costs and explain the negative effects of a ...
-
Supplier articleHow vocational rehabilitation can help bridge the health work gap?
By Kay Needle, Early Intervention and Rehabilitation Expert at Generali UK Employee Benefits In our role, which involves helping organisations support their people to return to work after sickness or injury, it’s common to hear employers say: “it’s not my place to ask about medical”. At the ...
-
Article96% of organisations do not have cancer specific policies
Almost all (96%) of HR managers said their organisations do not have cancer specific policies, according to research by Working With Cancer. The social enterprise, which surveyed 204 HR managers and produced the report in conjunction with the Institute for Employment Studies (IES), also found that just ...
-
ArticleThe top 10 most read articles between 18 – 24 October 2024
The top 10 most read articles between 18 – 24 October 2024 on employeebenefits.co.uk were: Employee Benefits Live speaker slides 2024 Real living wage rate to increase to £12.60 Office worker wins case against boss who refused to say hello E.On accredited as menopause-friendy employer LVMH ...