All Employee Benefits articles in Web Issue – Page 447
-
Article
Legal and General research: A third of employees will opt out of auto-enrolment process
Almost half (46%) of employees will stay in their organisation’s pension scheme, while 33% will opt out of the auto-enrolment process, according to research by Legal and General.The research, conducted in July, also found that 21% of respondents did not know which option they would take.The results are a slight ...
-
Article
Waterstone’s will not extend pay rise to staff in legacy contracts
Around 100 of Waterstone’s employees will not receive a 3% pay rise given to the rest of the workforce.The 100 employees are being left out because they are currently on legacy contracts, rather than the consolidated company-wide contract.A spokesperson from Waterstone’s said the consolidation process was undertaken several years ago ...
-
Article
Economists call for 50% tax rate to be dropped
Leading economists have called on the government to ditch the 50% tax rate for high earners.†In a letter, signed by 20 economists, including DeAnne Julius, chairman of Chatham House and former member of the Monetary Policy Committee, and Bob Rowthorn, professor of economics and fellow of King’s College, University of ...
-
Article
Czech army battle against bellies
The Czech army is embarking on a downsizing project, which is designed to slim down its workforce.However, it will be bellies, rather than headcount, that will be reduced as the army cracks down on high levels of obesity among its soldiers.Soldiers will do more exercise and go on a diet. ...
-
Article
Punter Southall launches pensions auto-enrolment product
Punter Southall has rolled out an interactive auto-enrolment product to help employers understand the cost implications of the 2012 pension reforms.The tool, PS Prepare, offers projections which show total costs, but can also be broken down by grade or segmentation categories (age and income group, for example), enabling employers to ...
-
Article
Fujitsu staff vote to strike over pay
More than 1,000 Fujitsu employees have voted for strike action in a dispute over a below inflation pay offer and a failure to implement previous pay agreements.The majority of Fujitsu members of the Public and Commercial Services (PCS) and Unite unions voted in favour of strike action. The joint action ...
-
Article
Centre for Policy Studies report: Hutton’s public sector pension proposals not sustainable
Full implementation of Lord Hutton’s proposals for public sector pensions will not be sustainable, according to a report by the Centre for Policy Studies.The £100 billion negotiations, by Michael Johnson, research fellow at the Centre for Policy Studies, puts forward proposals on how the coalition government should pursue negotiations, which ...
-
Article
Allen and Overy research: Employers may terminate contracts to curb costs of the Agency Workers Regulations
A third (33%) of UK employers are planning to avoid increased costs associated with the Agency Workers Regulations (AWR) by terminating agency worker contracts before the 12-week qualifying period for equal pay and benefits takes effect, according to research by law firm Allen and Overy.From 1 October 2011, under the ...
-
Article
Deloitte research: Executive directors see salary rises in 2011 after two-year pay freeze
Most executive directors have seen their salaries rise in 2011 after a two-year pay freeze, according to research by Deloitte.Its Executive directors’ remuneration report provides analysis on basic salary, salary increases, annual bonus payments, details of annual and long-term incentive schemes and pension schemes.The report shows that increases for main ...
-
Article
Scottish Widows research: Employees unaware of contribution levels in pension schemes
Over half (55%) of employees in defined contribution (DC) pension schemes are aware how much they are contributing, according to research by Scottish Widows.The Scottish Widows Workplace Pensions Report 2011 found that 45% of scheme members are either contributing nothing or do not know how much they are contributing.Other findings ...
-
Article
Capita Fiduciary Group research: Defined benefit pensions have significant financial impact
Defined benefit (DB) pension schemes have had a significant impact on UK organisations, according to research by Capita Fiduciary Group.The finance director survey: The management and impact of defined benefit pension schemes found that 86% of organisations that continue to operate DB schemes have suffered from a, primarily financial, increased ...
-
Article
CIPP research: Pension schemes ranked as most offered benefit
The majority (85%) of employees rank a pension scheme as the most common benefit offered by employers, according to research by the Chartered Institute of Payroll Professionals (CIPP).Healthcare came in second place with 54%, and salary sacrifice schemes came in third with 52% of employers offering the benefit.Other employee benefits ...
-
Article
Danish pension provider ATP Group to launch multi-employer trust in the UK
Danish pension provider ATP Group has announced that it is to launch an independent multi-employer trust ahead of the 2012 pension reforms.The trust, Now Pensions, will focus on making it easier for UK employers to comply with auto-enrolment from early 2012.The Now Pensions advisory board is as follows:John Monks, member ...
-
Article
Pointon York put up for sale
Pointon York, which provides self-invested personal pensions (Sipps), is up for sale and has had several approaches from prospective buyers.The organisation plans to conduct a formal sales process, whereby it will consider offers from parties interested in its entire issued, and to-be issued, share capital.Pointon York’s board is aiming to ...
-
Article
Aon Hewitt appoints Mike Curtis to its reward and engagement team
Aon Hewitt has appointed Mike Curtis as a senior consultant in its reward and engagement team.Curtis has 15 years' experience advising organisations across the private and public sectors on their reward strategies.His previous roles in the industry include: compensation and benefits practice leader at QCG, consultant at Towers Perrin, and ...
-
Article
Squire Sanders Hammonds launches employment law application
The application also allows users to access the law firm’s own employment law updates and HR-focused workshops, as well as to an iPhone version of the firm’s HR legal facts booklet.Charles Frost, labour and employment partner at Squire Sanders Hammonds, and designer of the application, said: “We have endeavoured to ...
-
Article
TUI Travel rolls out volunteering programme
Tour operator TUI Travel has launched a volunteering initiative, which will offer employees the opportunity to get involved with community projects.TUI Travel, which owns brands Thomson and First Choice Holidays, started the programme as the first of many volunteering projects. The programme saw employees redecorate Keech Hospice Care, a local ...
-
Article
EXCLUSIVE: Bluefin introduces auto-enrolment reports for employers
Bluefin Corporate Consulting is introducing reports for employers, designed to drive their strategies for preparing for auto-enrolment.The reports will take employees’ data and produce a number of scenarios and costs, which will advise employers on their options for meeting the requirements of auto-enrolment.Robin Hames, head of technical, marketing and research ...
-
Article
EXCLUSIVE: Legal and General reduces sickness absence after piloting health programme
Legal and General has reduced its sickness absence figures by 15%, with cost savings of almost £70,000, after piloting a preventative health programme.The insurer reported that, between November 2010 and April 2011, sickness absence figures were 15% lower across the pilot group of 1,000 staff, compared to the same period ...
-
Article
Domestic and General hosts health and wellness day
Domestic and General has hosted a health and wellbeing event for its 800 employees.The event, held at the Nottingham-based call centre, started with a healthy breakfast, followed by a range of activities that included Zumba dance classes, mini facials and massages, free smoothies, and advice from representatives of Weight Watchers.The ...