All Employee Benefits articles in Web Issue – Page 448
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Field Fisher Waterhouse research: Employee-owned organisations are underperforming
Employee-owned organisations underperformed in the second quarter of 2011, dropping 9.4% compared to the FTSE All-Share which was up 0.9%, according to research by law firm Field Fisher Waterhouse.Since The UK employee ownership index (EOI), which monitors the share price performance of listed organisations that are over 10% owned by ...
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Public sector workers set to strike over pensions
A strike by public sector workers over increases to their pension contributions is set to go ahead this autumn.On the last day (14 September) of the annual conference of the Trades Union Congress (TUC), union leaders agreed to start striking on 30 November if the government failed to negotiate on ...
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Two-fifths of men want to work in an all-male environment
While an all-male workforce may make unrequited conversations about football a thing of the past and conveniently abolish an organisation’s gender pay gap, is it really the best way to do business?According to research by Reabur.com, 41% of men believe that the ideal working environment would be all male, largely ...
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Morgan McKinley research: New joiner salaries in financial services firms up by 3%
The average salary for those securing new roles in August rose by 3%, compared to the previous month, according to research by Morgan McKinley. The Morgan McKinley London employment monitor found that the average salary for new roles was £52,239, marking a continuation of financial services institutions keeping salaries for ...
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Cripps Harries Hall reduces medical costs with healthcare trust
Law firm Cripps Harries Hall has reduced its medical claims costs since launching a healthcare trust a year ago. It has now renewed the scheme, which is provided by Healix Health Services.The trust offers the firm greater control of its health insurance costs, securing a 20% reduction in its P11D ...
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Aon Hewitt and Streetcar launch salary sacrifice car club
Aon Hewitt and Streetcar, a part of Zipcar, have introduced a salary sacrifice car club.Streetcar, which offers access to a range of low-emission Volkswagen and BMW cars and vans on an hourly or daily basis, will offer employees of organisations signed up to the scheme the ability to take advantage ...
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The Voucher Shop research: Paper vouchers still popular in reward and incentive schemes
Almost half (46%) of employers are choosing to reward their staff with paper vouchers over plastic ones, according to research by The Voucher Shop.The poll was conducted among HR managers and executives across a range of sectors.Kuljit Kaur, head of business development at The Voucher Shop, said: “Paper vouchers continue ...
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Scott Brownrigg switches pension scheme administrators
Architecture and design firm Scott Brownrigg has switched the actuary and administrator of its defined benefit (DB) pension scheme.The switch moves the scheme actuary and administrators to Goddard Perry Actuarial and HS Administrative Services from Cartwright Group.Read more articles on defined benefit pension schemes
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Allen and Overy staff to split £420m pay pool
Law firm Allen and Overy is rewarding 400 lawyers with a shared pay pool of £420 million.According to financial accounts for the year ended 30 April 2011, the pay pool will see almost 400 partners awarded £1 million each, in a profit-sharing arrangement.On becoming a partner at the Allen and ...
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Government publishes consultation on executive pay
The government has published a consultation on executive reward that proposes to simplify the reporting requirements for organisations so investors are given clear information on performance and pay.The consultation, The Future of Narrative Reporting, said that such measures would increase the transparency and accountability in the investment chain and enable ...
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Employers urged to use forward-looking reports for executive remuneration
The debate over how executive pay policies should be presented to shareholders has gathered pace after a leading investor argued that organisations should issue forward-looking reports on remuneration.Robert Talbut, chief investment officer at Royal London Asset Management, said that such a report would outline the planned value of an executive's ...
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Aon Hewitt research: Salary increases to rise but still below inflation
Salary increases are projected to rise in 2012 but will still be below inflation, according to the UK findings of Aon Hewitt’s 2011-2012 European salary increase survey.The survey, which incorporates responses from over 230 UK organisations, found that salaries rose 2.5% in 2010, 3.1% in 2011 and are projected to ...
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NAPF research: Confidence in pensions at a record low
Almost half (48%) of working adults have no confidence in pensions, compared to other ways of saving, according to a survey by the National Association of Pension Funds (NAPF).Its Pensions confidence index, which polled 896 employees in the UK, found that 42% of respondents are confident. However, this was the ...
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Standard Life launches mastertrust to help employers with the 2012 pension reforms
Standard Life has extended its defined contribution (DC) trust-based pension scheme with a mastertrust arrangement, which is aimed at helping employers with the 2012 pension reforms.It is also aimed at employers that are keen to set their pension scheme up under trust but are concerned about the responsibilities associated with ...
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EXCLUSIVE: Coloplast hosts wellbeing week to promote healthcare benefits
Coloplast is hosting its first wellbeing week, which commenced on 19 September.The medical devices organisation set aside the week to focus on wellbeing so employees can better understand the benefits available to them.The wellbeing week will offer mini health checks for all its employees, including cholesterol checks, blood pressure, blood ...
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EXCLUSIVE: Farrer and Co focuses on employee health and wellbeing
Farrer and Co has increased its focus on employee health and wellbeing with lunch-and-learn sessions, whereby staff can explore issues such as work-life balance, mental health and stress management.The sessions, available to all 380 employees, were held at the law firm’s office in August.In tandem with Farrer and Co’s annual ...
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Ranstad research: Hong Kong employees to seek pay increases up to 10%
Employees in Hong Kong will seek pay increases of up to 10% in the year ahead as business leaders see promising local growth, according to research by Ranstad.The Ranstad World of work report 2011/2012 is part of Ranstad’s annual Asia Pacific study that gathered the perceptions of 8,200 employees and ...
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Harvey Nash research: FTSE 100 CEOs penalised for poor share performance
FTSE 100 chief executive officers (CEOs) who served continuously in the lead up to, and through, the downturn are more likely to be penalised for poor share performance, and rewarded when it improves, according to research carried out by the Harvey Nash Board Practice, and the London Business School.The research ...
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Pensions Minister promises women won't lose out due to later retirement age
Pensions Minister Steve Webb has promised that proposed changes to men and women’s retirement ages will not penalise women in their fifties.Concerns had been raised that plans for a universal state pension age of 66 by 2020 would mean that women born between December 1953 and October 1954 faced the ...
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Polestar appoints Mercer to provide pensions administration services
The Polestar Pension Scheme has appointed Mercer to provide administration services.The printing firm’s defined benefit pension scheme has been closed to new members since April 2003, and has over 8,600 pensioners and deferred members.Jill Carruthers, a principal at Mercer and client relationship manager for the Polestar Pension Scheme, said: “The ...