All Employee Benefits articles in Web Issue – Page 494
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EB Summit: Auto-enrolment prompts employers to consider benefits cuts
Half of delegates at the Employee Benefits Pensions and Workplace Summit 2012 will consider slashing their benefits budgets because of auto-enrolment.Pension provision cuts are a consideration for almost a quarter (24%) of the leading benefits and reward professionals polled at the summit, taking place at the Four Seasons in Hampshire, ...
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EB Summit: Shadow pensions minister calls for Nest restriction cull
Gregg McClymont, shadow pensions minister, has called for restrictions on the National employment savings trust (Nest) to be culled, so it can effectively compete with its rival providers.Addressing delegates at the Employee Benefits Pensions and Workplace Savings Summit 2012 at the Four Seasons hotel in Hampshire, McClymont said that government ...
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Employee Benefits Pensions & Workplace Savings Summit Slides
To view a presentation from Employee Benefits Pensions & Workplace Savings Summit which was held at the Four Seasons Hampshire Hotel on 8-9 March 2012, please click on the link next to the sessions below.Selecting and Running the Right Pension Plan for your Organisation - Slides not availablePensions Manager, UK ...
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EB Summit: Informa is well ahead on auto-enrolment plans
Informa has developed a methodical step-by-step approach to auto-enrolment, as it moves up its staging date from July 2013 to January 2013.Thomas Humphris, head office HR and UK reward director at Informa, shared the publishing and events organisation’s journey towards auto-enrolment in a session called ‘Preparing for the cost of ...
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EB Summit: BT employees face potential CGT hit as share price spikes
BT faces a challenge of communicating to some employees their potential capital gains tax liability because its share price has increased dramatically since the sharesave scheme launched.The scheme, which is due to mature in August, had an option price three years ago of 68p, compared to the current share price ...
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Confidence in pensions plummets ahead of auto-enrolment
More than half (54%) of employees are not confident in pensions compared to other ways of saving, according to research conducted by the National Association of Pension Funds (NAPF).The survey, run by pollsters Populus, also found that a third (33%) of those who are eligible for auto-enrolment will not stay ...
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Grass Roots Group earns a place on the Sunday Times' list of 100 best companies
Grass Roots Group has been included in the Sunday Times best companies to work for list for the fifth time in six years.The global performance improvement organisation has 700 employees in the UK, as well as offices in Australia, China, France, India, and the US.An internal survey found that 83% ...
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iGlobalWellness launches workplace wellness programme
Wellness service provider iGlobalWellness has launched a programme, called Wellness 4 Life, to help employers and employees change their long-term behaviour and adopt healthier lifestyles.It is offered as a year-long programme aimed at senior management and a four-month programme aimed at the rest of employees.Both programmes begin with an assessment ...
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UK salaries predicted to rise by 3%
Salaries for UK employees were predicted to increase by 3%, according to research by Towers Watson Data Services.The Salary budget planning report for Europe, the Middle East and Africa, which collated pay data from 4,200 organisations across 60 countries, found that salary increases are set to be consistent across Europe’s ...
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Asia Pacific-based employees enjoy highest pay rise
Pay rises for employees based in Asia Pacific are twice as high as their European counterparts, according to research by Mercer.The Global financial services incentive plan snapshot survey reviews remuneration practices and base pay increase data from 63 financial services organisations in Asia Pacific, Europe, the Middle East and Africa ...
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Bonus demise hits two-thirds of City employees
Nearly two-thirds of City-based employees received a reduced annual bonus or no bonus at all in 2011, according to a survey by recruitment firm Hays.Over half (57%) of the 2,400 employees surveyed are considering quitting their current job, with 60% of these considering leaving because their bonus was below expectations.Just ...
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Respondents do not understand international healthcare benefits
Employers do not always adequately understand international healthcare benefits, according to research conducted by Jelf Employee Benefits.Over two-thirds (69%) of organisations surveyed at Jelf Employee Benefits’ international healthcare seminar said they cannot keep up with the changing international healthcare rules in all the countries employees are based.The research also found:98% ...
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Vielife partners South American firm Carevolution
Global health and wellbeing provider Vielife is expanding its presence in South America through a partnership with Carevolution, a corporate wellness consultancy based in Brazil.Carevolution will provide Vielife’s online health and wellbeing platform to large Brazilian employers.The platform, Vielife Online, will provide employers and their employees with data to achieve ...
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Employers to review flexible working policies ahead of Olympics
More than a third of organisations intend to review their flexible and home working policies ahead of the London 2012 Olympic and Paralympic Games, according to research by Deloitte.This is compared with just†14% that said the same this time last year, according to the Games readiness research, which surveyed 200 ...
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GlaxoSmithKline to raise average UK salaries by 4%
GlaxoSmithKline (GSK) will raise its UK employees’ average salaries by around 4% in 2012.In the GSK annual report 2011, published on 12 March, the pharmaceutical firm also said it will raise average US employees’ salaries by 3% in 2012.The 4% pay rise will be reflected in the base salary of ...
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Enrich partners Health Management to launch occupational health service
Enrich has partnered with occupational health provider Health Management to launch HealthSmart, a service that provides occupational health services and advice.This can be integrated with an organisation’s employee benefits package, and provides data transfer between providers and management information analysis, which can be used to develop an organisation’s health and ...
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Macfarlanes introduces flexible benefits scheme
International law firm Macfarlanes has introduced an online flexible benefits scheme to boost its 450 employees’ awareness of the value of the benefits package and to provide options that suit individual lifestyles.The Macsflex scheme, which was rolled out on 1 January, has replaced the law firm’s existing voluntary benefits package.Rob ...
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Pensions Insurance Corporation appoints pensions administrator
Pension Insurance Corporation (PIC) has appointed Mercer to provide pensions administration to the employers it works with.The provider of risk management solutions for defined benefit (DB) pension funds covers 50,000 pension policiesMercer will provide record keeping, payroll, administration and communication services for these policies.Matt Gore, chief administration officer at PIC, ...
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Tesco switches to CPI to calculate DB rises and increases pension age to 67
Tesco is to switch to the consumer prices index (CPI) to calculate its defined benefit (DB) pension scheme contribution rises, and increase the age at which a full pension is paid out by two years.Until now, Tesco has used the retail prices index (RPI) to calculate contribution rises. It expects ...
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Low-earning public sector staff set for £250 pay rise
Prison officers, NHS staff and armed forces employees earning up to £21,000 a year are to receive a £250 pay rise following a government review of public sector pay for 2012-13 by the pay review bodies.Employees earning more than £21,000 a year will have their pay frozen as part of ...