All Employee Benefits articles in Web Issue – Page 424
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Asda staff share £49 million payout from sharesave scheme
Asda employees are set to share £49 million as a three-year Walmart sharesave scheme matures.The payout is the biggest for the grocery retailer's 14,700 employees, with those saving £50 a month receiving more than £3,300, over £1,400 more than their original investment of £1,920.Sarah Dickins, people operations and policy director ...
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Imperial Commercials launches online employee discounts
Imperial Commercials has launched an online employee discount scheme which provides access to deals on retailers, leisure, travel, days out and more. The Network Benefits Plus site, provided by BHSF, was introduced to increase staff engagement and offer additional benefits to the commercial vehicle dealer’s 900 employees.The organisation has had ...
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Institute of Directors research: Auto-enrolment will hit small firms the hardest
Pensions auto-enrolment will hit small firms the hardest, according to research by Institute of Directors. The research found that, of the 43% of respondents which do not have employer contributed pension arrangements in place, 95% are small or medium-sized enterprises (SMEs).One-third (34%) of employers said they would pay for the ...
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Treasury chief secretary to outline public sector pension reforms
Chief secretary to the Treasury Danny Alexander MP will set out the government’s latest thinking on public sector pension reform today. He is expected to announce that the lowest paid public sector workers will not have to pay any more into their pensions.During his speech at the Institute for Public ...
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Public sector low earners avoid pension contribution hikes
Chief secretary to the Treasury Danny Alexander MP has proposed that the lowest-earning public sector workers should not have to pay higher pension contributions.During his speech at the Institute for Public Policy, Alexander said that the government was not intending to increase contributions for employees earning less than £15,000 a ...
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Mercer research: Employers in Western Europe give 2.7% pay rises to executives
Employers in Western Europe have given out executive pay rises that average 2.7%, but they are among the lowest levels in Europe, Middle East and Africa (EMEA), according to pay data published by Mercer.The Total Remuneration Pulse Survey also found that employees in managerial roles have received higher pay rises ...
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InterGlobal launches assistance division
InterGlobal has launched a 24/7 assistance division called InterGlobal Assistance to deliver assistance and claims management worldwide. The new division, launched in collaboration with First Assistance, will operate from the UK and New Zealand to provide access to help, guidance and emergency medical assistance under InterGlobal’s international private medical insurance ...
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Office Angels research: Personal assistants in London earn more than regional counterparts
Personal assistants (PA) and office managers in London are earning an average of £11,000 more a year than some of their regional counterparts, according to a survey by Office Angels and Mysalarychecker.com.The average salary of a London PA was £32,205 in May, while the average salary for a similar role ...
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Pension Insurance Corporation research: Pension fund trustees expect to increase required contributions
More than half (55%) of pension fund trustees expect to increase the contributions they require from their sponsor following the next valuation by more than 10%.The Future of Pension Funds 2011 by the Pension Insurance Corporation, which surveyed occupational pension fund trustees, also found that 11% are planning to increase ...
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Stonegate Pub Company introduces bonus scheme for assistant managers
Stonegate Pub Company has introduced a bonus scheme for assistant managers.The scheme will see assistant managers receive more than £300 a quarter if they help to deliver and exceed targets in the organisation’s pubs.New starters will be eligible for the bonus from day one.The hospitality firm, which was formed in ...
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Government to soften the blow for female pensioners
Iain Duncan Smith, secretary of state for work and pensions, has agreed to soften the blow of plans to raise the female retirement age to 65 by 2018 and 66 by 2020.The proposal was debated by MPs yesterday during a discussion of the Pensions Bill in the House of Commons.Duncan ...
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CBI/Harvey Nash research: Pay freezes on the rise
The number of pay freezes has risen, according to research conducted by the Confederation of British Industry (CBI).Navigating Choppy Waters, the CBI/Harvey Nash Employment Trends Survey, which polled 335 UK employers, shows that pay freezes are up from 14% in October 2010 to 23%.In the private sector, the proportion of ...
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MHS Homes Group introduces health screening for staff
MHS Homes Group has introduced health screenings for its 305 employees.The organisation, which manages 8,000 homes in the Medway area of Kent, will offer the employee-funded voluntary benefit bi-annually to staff. The health screenings will be provided by Screenetics.Almost a third (100) of staff signed up for a health screening ...
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Employee Benefits Summit 2011: Employers prepared for 2012 pension reforms
While the Pensions Bill awaits royal assent, many employers are underway with preparations for the reforms in 2012.Over half (57%) of the delegates at the Employee Benefits Summit 2011 have started initial preparations for the 2012 pension reforms, while 17% will start to prepare in the next six months.Large organisations ...
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Employee Benefits Summit 2011: Staff should be educated on social media and reward
Employers should beware of doing anything on pay that you are not prepared to publish and be held accountable for, particularly in the new age of social media and online information sharing.†Speaking on the first day of the Employee Benefits Summit 2011 in Portugal, Helen Murlis, author of Reward Management ...
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Employee Benefits Summit 2011: Mergers and acquisitions are an opportunity to streamline staff
Mergers and acquisitions are an opportunity for organisations to get rid of people they do not wish to hold on to.This is according to Andrew Stemp, director of European reward at Amazon, who discussed the importance of benefits and reward during mergers and acquisitions at the Employee Benefits Summit 2011 ...
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Employee Benefits Summit 2011: Auto-enrolment made simpler for employers to administer
Auto-enrolling employees into occupational pensions will be easier for employers to administer following changes currently going through parliament. The changes were made to simplify the legislation which will be introduced as part of 2012’s pension reforms.Speaking on the 2012 pension reforms at the Employee Benefits Summit in Sintra, Portugal, David ...
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Employee Benefits Summit 2011: Communications must be transparent to fully engage staff
Honesty and transparency are essential attributes for reward communications in order to engage employees, particularly at a time when pay increases may remain low.Speaking in a panel debate on the second day of the Employee Benefits Summit 2011, Craig Truter, reward manager at Centrica, said that the best reward messages ...
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Employee Benefits Summit 2011: Surgical procedures and waiting times top causes of long-term sickness absence
Musculo-skeletal disorders and stress are no longer the leading causes of long-term sickness absence.†Instead, absences due to medical appointments, medical investigation or surgery are the leading causes, according to Dr Sayeed Khan, special professor in occupational health at the University of Nottingham and board member of the Health and Safety ...
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Employee Benefit Summit 2011: Sick pay is a privilege, not a right
Sick pay is a privilege, not a right, according to Dr Sayeed Khan, board member of the Health and Safety Executive.Speaking at the Employee Benefits Summit 2011, Khan, who is also a special professor in occupational health at the University of Nottingham, explained employers should make it a clear policy ...