All Employee Benefits articles in Web Issue – Page 444
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Analysis
Health screening: Pressure tests to find stress
If you read nothing else, read this . . . Stress can be hard to quantify but it is possible to monitor using blood tests. Another method is tests that measure peoples’ heart rates when relaxed and under pressure.†Stress and mental health issues may be hard to spot among employees, ...
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Article
Johnson Fleming produces guide to salary sacrifice schemes
Johnson Fleming has produced a guide for employers that outlines the steps for administering, communicating and managing salary sacrifice schemes.The guide outlines the pros and cons of salary sacrifice, and includes examples on the levels of savings that can be achieved, both for an employer and their employees.Iain Chadwick, senior ...
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Analysis
Health screening: Get the vital statistics
If you read nothing else, read this … Health screening can provide valuable information about workforce health. Over time, data can help to show a return on investment from health screening. However, an over-reliance on data can be counter-productive.Proving return on investment in health initiatives can be difficult, and a ...
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Article
Natalie Porter gets into the Spirit
Spirit Pub Company has appointed Natalie Porter reward manager.Working in reward since 2005, she has been reward consultant at E.On, reward analyst at Experian and HR analyst at Alliance and Leicester.Porter’s new role covers the full reward remit, including pay review, bonus process, flexible benefits and recognition.Read more articles on ...
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Analysis
Will rebroking group risk save money?
If you read nothing else, read this . . . Rebroking group risk benefits can save employers significant sums, particularly if they have not done so for several years. Savings can be made by removing any overlap in benefits. For example, some income protection providers automatically provide EAPs. Employers should ...
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Analysis
Health screening: New plans for an older issue
If you read nothing else, read this . . . An ageing workforce will be a big issue for employers over the next few years. Screening can identify conditions at an early stage allowing early treatment. Screening for older workers should not be at the expense of that for younger ...
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Analysis
Health screening: A wider view of wellness
If you read nothing else, read this … Many employers now monitor employee wellness regularly rather than waiting for staff to become ill. How frequently health screening is offered, and to whom, depends on what the employer wants to achieve. Screening can identify issues within an organisation’s wellness strategy that ...
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Analysis
Keeping staff in touch with pensions
If you read nothing else, read this …Employers must encourage staff to consider pension planning as they enter the crucial pre-retirement years.Vital messages include how investment choices and contribution levels affect retirement income, especially for those who have moved from DB to DC plans.Employers should use various channels, such as ...
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Article
Debi O'Donovan, editor of Employee Benefits: Younger generation will reshape the workplace
Last month, young people grabbed much of this country’s news coverage. Whether it was on the topic of A-level results, the scramble to get into university a year ahead of fee increases or, much more dramatically, the England riots – youngsters were all over our screens and papers.Over the past ...
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Article
Goldman Sachs cuts bankers salary as pay deal expires
Goldman Sachs has cut employees' salaries following the expiration of a pay deal introduced two years ago.The firm had handed inflated salaries to several hundred London-based banking staff in 2009 to allay concerns of bonus uncertainty during the financial crisis.During 2009 bankers’ bonuses came under increased scrutiny amid economic turmoil ...
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Article
Hyphen research: Employees prepared to take pay cut for additional annual leave
A third (31%) of UK employees are willing to take a pay cut for additional holiday entitlement, according to research by recruitment solutions provider Hyphen. The research found that 40% of employees in their first three to six months and seven to 12 months (43%) of employment would look for ...
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Article
Claw-back policies are not enough to tackle pay gap between high and low earners
Employers’ increasing provisions to claw back pay from top executives who perform poorly will not be enough to eliminate pay disparities between senior employees and the rest of the workforce.A survey by PricewaterhouseCooper’s (PWC) survey found that by next year around one third of organisations will include claw back mechanisms ...
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Article
Chartered Management Institute research: Gender pay gap closes at junior executive level
Female executives are earning as much as their male counterparts at junior executive level, according to research by the Chartered Management Institute (CMI).Earning an average salary of £21,969, female junior executives in the UK are currently being paid marginally more (£602) than male executives at the same level, whose average ...
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Article
BBC pays staff £32.5 million a year for unpredictable shift patterns
The BBC pays £32.5 million a year to employees who get two weeks’ notice of shift patterns.The extra allowance, which is given to around 8,323 of the broadcaster's staff, is paid as a bonus of 10% of their salary if they are given 14 days notice of their hours of ...
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Article
CIPD research: More than half of employees unaware of 2012 pension reforms
More than half (53%) of UK employees are unaware of the 2012 pension reforms, which include the auto-enrolment of staff into workplace pension schemes, according to research by the Chartered Institute of Personnel and Development (CIPD).†The Employee Outlook: Focus on pay and pensions survey found that the employees most aware ...
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Article
Kellog's and NHS trust launch workplace cycling programme
Kellog's and the East Chesire NHS Trust are among a number of organisations launching a workplace cycling programme with British Cycling.The programme enables organisations to encourage employees to take advantage of cycling as a pastime, a sport and a mode of transport.It includes ride leader training to enable employees to ...
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Article
DWP research: Only 15% of young adults are in an employer-sponsored pension scheme
Only 15% of employees aged 16-24 are enrolled in an employer-sponsored pension scheme, according to figures published by the Department for Work and Pensions (DWP).The DWP Family resource survey report shows the percentage of adults with pension provision by age group, demonstrating how these various age groups would be affected ...
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Article
Buyer's guide to share incentive plans 2011
KEY FACTSWhat are share incentive plans?A Sip is a tax-advantaged savings vehicle open to all employees. Intended to encourage wider share ownership in the UK, it entitles employees who take part in a scheme to purchase or receive free company shares without paying tax or national insurance as long as ...
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Article
Close Asset Management acquires Cavanagh Group
Close Asset Management has expanded its financial education services with the acquisition of Cavanagh Group.Cavanagh Corporate, the firm's employee benefits division, and Close Asset Management's financial education division, will now offer employers benefits reviews, communication, implementation, education and delivery.Jeanette Makings, director of financial education services at Close Asset Management, said: ...
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Analysis
Crucial choices ahead of pension reforms
If you read nothing else, read this … Employers will have to decide whether they offer new pension scheme joiners the existing level of contributions or the minimum required by the 2012 pension reforms. The reforms have increased the interest in cash balance schemes. Nest is likely to be most ...