All Employee Benefits articles in Web Issue – Page 345
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GE Capital staff take part in triathlon
A 40-strong group of GE Capital employees took part in a triathlon over the weekend after being entered into the event by their employer. The London Triathlon sprint team relay, which took place hosted at Londons ExCel Centre, saw more than 12,000 professional and amateur entrants compete in a series ...
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Pension Capital Strategies research: Pensions buyouts total £2.2 billion
Pensions buy-outs totalled approximately £2.2. billion in the second quarter of 2010, according to figures from Pension Capital Strategies.Rothesay Life confirmed the completion of the largest buy-in deal completed during 2010 with the £1.3 billion buy-in of pension liabilities of the British Airways pension scheme. This deal followed the same ...
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Equal pay for women more than 50 years away
Women in management positions will have to wait more than 50 years to achieve equal pay with their male counterparts, according to research conducted by the Chartered Management Institute (CMI) and XpertHR. The CMI's 2010 National Management Salary Survey, based on data collected from 43,312 employees, showed that at the ...
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Cycle Solutions joins the Cycle to Work Alliance
Cycle Solutions has joined the Cycle to Work Alliance.Cyclescheme, Evans Cycles and Halfords are also members of the alliance. To date, the alliance has helped over 400,000 UK employees with the cost of bicycles and safety equipment through the cycle-to-work scheme.Steve Edgell, director at Cycle Solutions, said: “The cycle-to-work scheme ...
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Majority of employees prefer to be paid monthly
The majority (85%) of employees would rather be paid on a monthly basis instead of weekly or twice a month. According to research from the Institute of Payroll Professionals (IPP), 65% of employees said Friday is the ideal day of the week to get paid. Furthermore, many prefer to receive ...
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Benefits help staff vote Gratterpalm great place to work
Advertising agency Gratterpalm’s latest annual staff survey has revealed that employees voted it a great place to work, partly due to its benefits provision.Gratterpalm’s benefits include private healthcare, childcare vouchers and flexible working.Employees also have the chance to spin the ‘wheel of fortune’ to win prizes that include an extra ...
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BBC pension deficit to cost licence payers extra £100 million
The BBC has predicted an increase in payments into its defined benefit (DB) pension scheme of £100 million to fill the fund’s deficit.The broadcaster currently pays around £140 million per annum into the scheme, which represents 3.5% of the licence fee.The contribution is expected to rise to around 5% or ...
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Australia lures British workers with exotic jobs
News that an Australian state is trying to lure British workers into exotic jobs, such as a shark tagger, koala catcher and beer taster, raises interesting questions about reward and benefits.Other jobs advertised as part of the South Australian government's campaign to encourage 18 to 30-year-old UK employees to come ...
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New guidance to support return to work for long-term sick
New guidance has been launched to help managers support people returning to work after long term sickness.Manager Support for Return to Work Following Long-Term Sickness Absence, which has been produced by the British Occupational Health Research Foundation (BOHRF), the Chartered Institute of Personnel and Development (CIPD), Healthy Working Lives and ...
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Grant Thornton staff take up health and wellbeing plan
Since Grant Thornton introduced a new health and wellbeing programme to its 200 partners, 40 employees have taken advantage of the offering.The two-day programme away from the office incorporates the latest developments in medicine, nutrition, exercise and fitness, neuroscience, cognitive, behavioural and occupational psychology to inform a comprehensive multi-disciplinary approach ...
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EastEnders staff accept lump sum payment to replace travel allowance
EastEnders’ staff have suspended proposed strike action, after accepting a lump sum payment of £650 to replace travel allowance benefits.Those affected are a group of 21 BBC Studios and Post Production (S&PP) staff members who claim the costs of travelling to and from work each day.Mark Thomas, chief executive officer ...
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Goodman Masson staff raise money for charity
Goodman Masson staff have raised money for the charity Help for Heroes by dressing up as Superman.The firm broke the world record for the largest number of people dressed as Superman with 180 staff members, friends and families wearing the blue jump suit, red shoes and cape.Thousands of pounds were ...
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Employee share schemes rise in popularity
More than 12,000 organisations operated employee share schemes during the 2008-09 tax year, according to figures from Her Majesty’s Revenue and Customs (HMRC).The schemes in use include save as you earn (SAYE) sharesave plans, share incentive plans (Sips), company share option plans and employee management incentives (EMIs).Take-up for EMIs has ...
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Number of final salary pension schemes falls
The number of FTSE 250 companies that provide defined benefit (DB) pension schemes to all employees has drastically fallen, according to research from Pension Capital Strategies (PCS).The FTSE 250 and Their Pensions Disclosures report found only 15 companies (6%) in the FTSE 250 still provide DB benefits to a significant ...
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'Geared for Giving' campaign reaches more than a million employees
The ‘Geared for Giving’ campaign has reached its target of making workplace giving schemes available to more than a million employees.The campaign, which was launched in 2008 by entrepreneur and author Duncan Bannatyne and MP Anne Snelgrove, has raised more than £1.2 million for hundreds of charities with over £8 ...
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Majority of employers value flexible working for staff
The majority of employers (92%) believe employees work best when offered a work-life balance.The charity Gingerbread conducted a survey which found the key employment practices required by single parents are: part-time or flexible hours; flexibility to attend school functions; and paid time off when their child is sick.As a result, ...
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Marks and Spencer introduces schemes to enhance staff motivation
Marks and Spencer (M&S) has rolled out a new employee recognition programme, introduced charity volunteer days and launched an employee wellbeing website.The recognition programme, called ‘Spotlight’, aims to recognise retail staff who deliver exceptional service.It is based around instant bronze, silver and gold reward cards representing prizes of increasing value, ...
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Working parents feel more supported by employers
Working parents feel more supported in the workplace than ever, according to data from Axa Icas.Calls from worried parents and parents-to-be to the provider’s LifeManagement Employee Support Helpline have dropped by 59% as parents achieve a better work-life balance.Jean Wilcock, operations manager of LifeManagement Services, said: “The introduction of legislation ...
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AstraZeneca staff set pensions strike dates
Employees at AstraZeneca’s Macclesfield factory have set dates for strike action over a pensions dispute.GMB union members will stage two-hour strikes on 8 September, followed by four-hour strikes on 15 September, and for 24 hours beginning at 6am on 22 September.The decision to strike was made after it emerged that ...
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Persimmon switches final salary pension to career average
Persimmon has switched its accrual basis for around 420 pension scheme members so it is calculated on career average salaries rather than final salary.The change to career average revalued earnings (Care) accrual is designed to reduce the housebuilder’s exposure to increases in the costs of future accrual of benefits in ...