All Employee Benefits articles in Web Issue – Page 328
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Majority of creative sector employers offer benefits above basic salary
Almost all (98%) employers in the creative sector offer benefits to employees over and above basic salary and holiday entitlement compared to 90% in 2009.The figures, from the Kingston Smith W1 Employee Benefits Survey, also indicate that the majority of respondents intend to increase the level of benefits they provide ...
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UK divided by benefits
The UK is a nation divided by benefits, according to new research from Vebnet.The survey of UK employees found that as well as variations between genders and age groups, benefit choices also differ greatly between regions.People in the south west are most likely to increase their pensions savings, with 17% ...
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Northern Rock to close final salary pension scheme
Northern Rock has proposed to close the final salary section of its pension scheme as it prepares to be sold by the government.The bank also plans to cut up to 650 jobs as part of its restructuring process in preparation for a return to private ownership.Members of the final salary ...
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Employee Benefits Summit 2010: Disengaged workers cost UK businesses £44 billion
Disengaged workers could cost UK businesses £44 billion in lost productivity according to Nita Clarke, deputy chair of the UK Government’s Review on Employee Engagement.Addressing delegates in the opening session of Employee Benefits’ Summit, held in Monte Carlo, Clarke, who is the co-author of the MacLeod review on employee engagement, ...
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Employee Benefits Summit 2010: Most employers will not offer Nest (national employment savings trust)
The majority of employers attending the Employee Benefits Summit in Monte Carlo said they will not offer the incoming pensions plan, the national employment savings trust (Nest) to staff.A poll conducted during the first day of the event, held at the Monte Carlo Bay Hotel, showed that 45% of delegates ...
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Employee Benefits Summit 2010: 2012 pension reforms must be simplified
The new Conservative/Liberal Democrat government must simplify the rules around 2012’s incoming pensions reforms if the new legislation is to work.Speaking on pension commitments for employers in the run up to 2012 on the first day of the Employee Benefits Summit in Monte Carlo, Jim Bligh, senior policy adviser-employment and ...
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Sodexo offers flexible working to combat absence levels during the World Cup
Sodexo Motivation Solutions is taking a number of measures to prevent increased absence levels associated with the World Cup.According to the World Cup Fever survey conducted by the Institute of Payroll Professionals (IPP), one in six (16%) UK employees are planning to take holiday between 11 June and 11 July ...
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Employee Benefits Summit 2010: Panel debate: High earners tax on reward and pensions
Tax changes for high earners are the highest priority for delegates at the Employee Benefits Summit in Monte Carlo.A fifth of delegates said this issue (which comprises a new 50% tax rate for employees earning above £150,000 a year and a reduction in tax relief on pensions for higher earners) ...
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Employee Benefits Summit 2010: Fit notes entail a fundamental change of mindset
Fit notes entail a fundamental change of mindset for employers and medical professionals to implement but are essential for reducing the cost of sickness absence and improving long-term workplace wellbeing.Addressing delegates at the Employee Benefits Summit, held in Monte Carlo, Dame Carol Black, national director for health and work at ...
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Employee Benefits Summit 2010: Panel debate: Stress in the workplace
Employers must take steps to proactively tackle stress, rather than avoiding the issue.Speaking in a panel debate on the second day of the Employee Benefits Summit in Monte Carlo, Dame Carol Black, national director for health and work health at the Work and Wellbeing Delivery Unit, said: “It is avoided ...
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UK organisations need World Cup strategy
As the England squad prepares its strategy for World Cup dominance, UK employers are being advised to make sure their own World Cup strategies are in place in time for today’s kick off.A DLA Piper survey showed that 68% of respondents have offered no guidance to staff on acceptable workplace ...
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BHSF cancer cover available as a flexible benefit
BHSF has expanded its Plan4Life cancer cover so that organisations can include it in their flexible benefits packages.The Plan4Life cover, which includes a lump sum cash payment in the event that an employee is diagnosed with cancer, is offered in three levels of cover.Brian Hall, sales and marketing director at ...
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Mercer launches reward management platform
Mercer has launched a reward and talent management consulting and technology platform called Human Capital Connect.The platform, which will be powered by Peopleclick Authoria, enables employers to connect their reward and talent strategies, programmes and processes with a technology platform to achieve a human capital solution.The offering also includes analyses ...
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Bankers' bonuses should be delayed
Senior executives in the investment banking sector should be forced to wait between five and ten years to cash in their bonuses in full, according to The Future of Banking Commission.The cross-party commission, whose members include business secretary Vince Cable, has recommended remuneration structures should be much longer-term in nature, ...
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Majority of employers set to axe defined benefit pensions
The majority (94%) of employers intend to reduce or close their defined benefit (DB) pension schemes, according to research from PricewaterhouseCooper (PWC).The survey of 179 employers revealed just 6% of organisations expect to retain DB pension schemes in their current form.The number of organisations that have shut DB schemes to ...
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FSA staff awarded £22m in bonuses
The Financial Services Authority (FSA) paid its employees a total of £21,998,813 in annual incentive awards for 2009/2010, an increase of 12% on last year’s figures and 14% of its total salary bill.The FSA’s annual report also showed there was no standard pay rise awarded to FSA staff during 2009/2010 ...
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Men’s Confidential launches corporate online healthcare programme
Men’s Confidential has launched a new website that aims to improve the fitness and health of employees.The website can be customised and branded for any organisation, allowing employees to use interactive, progressive fitness programmes, as well as access tips and information about weight loss and healthy eating.Jackie Nixon, managing director ...
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Panasonic launches voluntary benefits scheme
Panasonic Europe has launched a voluntary benefits scheme to complement a flexible benefits plan due to launch in July.Through the voluntary benefits scheme, which is provided by LogBuy, Panasonic’s 550 UK employees can access lifestyle deals and discounts online via their company portal or with a benefits card which allows ...
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BBC proposes pay rise for 70% of staff
The BBC has offered staff earning less than £37,726 a year an annual pay rise of £475.Discussions have started with the unions regarding the pay proposal, which will benefit almost 70% of BBC staff.The offer is equal to a 1% increase in base pay. The previously-announced pay freezes and suspension ...
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Workplace Options introduces information tool for carers
Workplace Options has launched an information pack designed to provide practical assistance to carers.In conjunction with Carers Week, which runs from 14-20 June 2010, the carers' pack will be issued to Workplace Options' employee assistance programme (EAP) customers.The pack contains free, practical information on issues such as: balancing work and ...