All Employee Benefits articles in Web Issue – Page 383
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Article
Virgin Trains to host a wellbeing event for employers
Virgin Trains is hosting a wellbeing event for employers in Cheshire and North West England.The day, which will take place at Virgin Trains’ Training Academy in Crewe on 28 January, will involve personal and corporate wellbeing activities employers use to support and develop their employees.The activities include healing and massage, ...
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Article
Starbucks awards UK staff £4m worth of shares
Starbucks has given its UK staff shares worth around £4 million as part of the relaunch of its employee share scheme, Bean Stock.The payout follows a thank-you Christmas cash bonus to staff worth £1.5 million.Bean Stock gives Starbucks employees a grant of shares in the business. The programme is now ...
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Article
Employers failing to provide benefits to support mental health
British employers are failing workers with mental health conditions, according to a poll of business leaders by the Shaw Trust.Its research found 80% of employers have no mental health policy. As a result, the charity is urging employers to support staff with schemes such as flexible hours and stress-busting training.Sally ...
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Article
Government launches consultation on workplace disputes
The Department for Business, Skills and Innovation (BIS) and the Ministry of Justice’s Tribunals Service has launched a public consultation on resolving workplace disputes.The government is seeking views on measures to: Achieve more early resolution of workplace disputes so parties can resolve their own problems, in a way that is ...
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Article
Indonesian MPs hold collection to boost president's pay
Politicians often boast how in touch they are with the experience of the common people and despite their manyprivileges they are capable of moaning about pay like the rest of us.This seems to be the case with Indonesian president Susilo Bambang Yudhoyono whose complaints about not receiving a pay rise ...
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Article
The Pensions Trust launches online auto-enrolment tool
The Pensions Trust has launched an online tool that enables employers to access their auto-enrolment staging date.The tool generates a personalised action planner which highlights the key steps an organisation needs to take towards this date and a breakdown of what it needs to put in place before its staging ...
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Article
Henkel appoints Mercer as global actuary
Henkel has appointed Mercer as global actuary to provide services across all of its countries and regions.The German-based organisation with brands in laundry and home care, cosmetics/toiletries and adhesive technologies has 50,000 employees worldwide.Giles Archibald, the senior actuary and consultant on the account for Mercer, said: “Through this appointment, Henkel ...
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Article
Employee resource groups are popular for working parents
Working parents, adoptive parents and staff with eldercare responsibilities are among some of the most prevalent participants in employee resource groups (ERGs).ERGs, which are also known as employee networks and affinity groups, are enjoying a renaissance at some organisations, according to a study by consultancy Mercer ERGs Come of Age: ...
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Article
Employees not saving enough for retirement
Nearly six in ten (56%) employees are concerned they are not saving enough for retirement.According to the Employee Outlook: Focus on Pensions survey by the Chartered Institute of Personnel and Development (CIPD), more than half (54%) of employees are not members of a workplace pension scheme.The survey also found there ...
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Article
TPR paper supporting DC pensions published
The Pensions Regulator (TPR) has published a discussion paper on how it should support the defined contribution (DC) market in the delivery of good outcomes for savers.TPR is inviting views on how it may be possible to further raise standards in DC provision and so contribute to greater confidence in ...
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Article
April tax changes could create 750,000 more higher-rate taxpayers
Around 750,000 more people will become higher-rate taxpayers from April 2011, according to analysis by the Institute for Fiscal Studies (IFS).Its analysis found the increase in higher-rate taxpayers could occur as a result of a reduction in the level of income at which the higher rate takes effect.According to the ...
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Article
Friends Provident to review with-profits bonus rates
Friends Provident has announced a review of with-profits bonus rates across all of its funds following good investment returns in 2010.The review brings together bonus announcements for Friends Provident, Axa Sun Life and Sun Life Assurance Society following the acquisition of the majority of Axa's UK life business in September ...
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Article
BT pension scheme appoints Paul Spencer chairman
BT has appointed Paul Spencer chairman of the trustee of the BT pension scheme (BTPS).Spencer will succeed Rod Kent who steps down after three years. He will take up the role on 1 March 2011.BTPS has assets under management of around £35 billion and has 330,000 scheme members.Spencer has been ...
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Article
Unite sues Ford over pension loss
Unite, the union, has lodged a claim in the High Court against Ford Motor Company over the pension rights of employees who transferred to Visteon UK and subsequently lost their jobs and some of their pensions after Visteon UK went into administration.Unite’s lawyers are seeking compensation from Ford for allegedly ...
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Article
Employee Benefits/Cigna Workplace Absence Research 2011
Download a PDF of the Employee Benefits/Cigna Workplace Absence Research 2011.How employers manage workplace absence strategiesNearly all respondents (98%) record absence in their organisations, and the most popular ways of doing so are through an online HR or payroll self-service system - as used by 35% of respondents. A further ...
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Article
AboveNet rejigs group personal pension
?Fibre optic network provider AboveNet has switched providers for its group personal pension (GPP), set up a pensions advisory committee and removed the three-month service requirement before staff can join the scheme.Employees can now join the GPP on their first day at work as the firm’s first step towards complying ...
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Article
Debi O'Donovan, editor of Employee Benefits: Here's some free advice: give us value for money
?Listening to many financial advisers, you would think the introduction of the Retail Distribution Review in 2013 will adversely affect employee savings as they lose access to ‘free’ advice.I heartily disagree. It will bring transparency to the charging structure of financial products and dispel the myth that the advice is ...
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Article
Edenred offers advice on childcare voucher changes
Edenred has put together a downloadable white paper, a podcast and articles to support employers ahead of changes to childcare voucher legislation.From 6 April 2011, only basic-rate taxpayers will receive tax and national insurance relief on up to £55 a week on childcare vouchers. Tax relief will be restricted to ...
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Case Studies
Case study: NHS Bradford and Airedale District Support Service seeks a work-family balance
NHS Bradford and Airedale District Support Service has a number of schemes that are tailored to support its17,000 staff in achieving a healthy balance between work and family.Its Childcare Support Services won ‘Most effective benefits strategy for working parents and carers’ at the Employee Benefits Awards 2010.Since its programme was ...
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Article
News analysis: Essential economy drive
Escalating fuel prices are forcing employers to make sure that their company cars are being used as efficiently as possible, says Tynan BartonDrivers saw in the new year with a double increase in fuel price. On 1 January, a rise in fuel duty saw 0.76p/litre added to both petrol and ...