All Employee Benefits articles in Web Issue – Page 497
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New Look launches e-code for motivation and incentive schemes
New Look has launched e-codes, which can be delivered via email as part of the retailer’s motivation, recognition, incentive and loyalty schemes.The e-codes are available in values from £1 to £1,000, and can be used online in 122 countries.Rob Froome, head of business solutions at New Look, said: “New Look ...
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Barclays among employers offering volunteering scheme to staff
Barclays is just one of the employers offering staff the opportunity to volunteer with Destination Dreams, a scheme that offers staff the opportunity to support children battling life-threatening conditions.The global banking group actively promotes the volunteering initiative, which is organised by charity Caudwell Children, to its employees.A spokesperson from the ...
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Legal and General awarded PQM for staff pension scheme
Pensions provider Legal and General has been awarded a Pension Quality Mark (PQM) for the defined contribution (DC) pension scheme it offers its own staff.The PQM, awarded by the National Association of Pension Funds (NAPF), recognises DC schemes with total contributions of at least 10% of an employee’s salary and ...
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FT journalists agree improved pay offer and call off strike action
Financial Times (FT) journalists have agreed an improved pay offer and have called off strike action that was scheduled for 22 March.Around 250 journalists were due to walk out over the pay dispute. The minimum pay increase was to be 2% for all staff, while the total editorial pot was ...
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BT to pay £2 billion into pension scheme to halve deficit
BT is to pay a lump-sum payment of £2 billion into its final salary pension scheme before the end of March to halve the scheme’s £4.1 billion deficit.The payment will be followed by nine payments of £325 million in March of each year from 2013 to 2021.The telecommunications firm has ...
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Music lessons hit the right note with employees
Employers can ensure their employees hit the right note by providing them with music lessons at work.Keynote Team Building aims to provide organisations with teambuilding and communication skills guidance through music.Musicians Stuart Bulsara and Amy Lorne set up the firm after struggling to find a rewarding career after leaving university. ...
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Gender pay gap reversed for part-time employees
The median hourly earnings for female part-time employees was 4.8% higher than for part-time men in 2011, according to research by the Office of National Statistics (ONS).The 2011 Annual survey of hours and earnings, found that this reversed gender pay gap was entirely due to earnings within the age range ...
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Capita Hartshead staff to volunteer at a primary school
Capita Hartshead is among the employers introducing a volunteering initiative to its staff, which allows them to volunteer at a primary school in Sheffield.The initiative, which will take place on 18 April, will ask children to record their ambitions, their hobbies, places they would like to visit and people they ...
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West Country, Midlands and north England will be hit hardest if public sector pay is regionalised
The West Country, the Midlands and the north of England will be hit hardest by government plans to regionalise public sector pay, according to research by job search website Adzuna.The research ranked UK regions by average salary and analysed specific job titles by location to see regional differences in pay ...
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Government aligns auto-enrolment with tax and NI thresholds
The government has aligned auto-enrolment rates for the next tax year with tax and national insurance (NI) thresholds.The Automatic enrolment earnings thresholds review and revision has been published six months before the largest employers begin enrolling eligible staff into a pension scheme in October 2012.The Pensions Act 2011 requires the ...
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GE, Kraft Foods and Virgin Media among the employers shortlisted for the Employee Benefits Awards 2012
GE, Home Retail Group, Kraft Foods, McDonald’s Restaurants and Virgin Media are among the employers shortlisted for the Employee Benefits Awards 2012.Other finalists include:'Benefits team of the year':AvivaCancer Research UKKraft FoodsLinklatersMarks and Spencer'Most effective alignment of reward strategy to business strategy for organisations with more than 1,000 employees':Everything EverywhereGEGrant ThorntonJLT ...
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Public sector staff earn more per hour than private sector staff
Public sector employees earn more per hour than those in the private sector, according to figures from the Office of National Statistics (ONS).The difference in average hourly earnings between employees in the public and private sector stood at 8.2% in 2011.The figure is based on findings from the Annual survey ...
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Nexen Petroleum achieves 85% take-up of employee discount scheme
EXCLUSIVE: Nexen Petroleum has seen 85% of employees register for its employee discount scheme since it was launched at the end of January.At the end of the first week, 59% of the oil and gas company’s staff were registered for the scheme. That figure had risen to 85% by mid-March.The ...
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Article
Employers offer choice in employees' benefits packages
More than 60% of employers offer some form of choice in the benefits that their employees receive, according to research by Mercer.The research, which surveyed employers based in 12 European countries, found that respondents’ most important reasons for offering choice were to: remain competitive in the marketplace (58%); improve employee ...
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Teachers in London strike over pension changes
Teachers are striking in London today over changes to their pension scheme.Members of the National Union of Teachers (NUT) and the University and College Union (UCU) have rejected the final offer from the government.Members of the Association of Teachers and Lecturers (ATL) have accepted the government’s pension scheme reforms, which ...
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BMW looks to boost pay but reduce breaks
As part of BMW’s discussion with union representatives about offering employees a pay rise, it will also be negotiating on the length of employees' tea breaks.The German firm is due to offer employees based at its Mini plant in Cowley, Oxford, a reported pay rise of 6%.BMW would not confirm ...
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Getting payroll systems ready for auto-enrolment is a big challenge for employers
Getting HR and payroll systems ready for compliance with auto-enrolment requirements is the biggest challenge relating to defined contribution (DC) pensions facing employers, according to research by Mercer.The research, which analysed the DC pension offerings of more than 300 UK employers, showed that getting employees to understand pensions ranked as ...
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Article
Filmology launches new platform for cinema vouchers
Filmology has launched a new employer-branded platform that allows employers to offer cinema tickets to staff seven days a week at more than 440 cinemas across the UK and Ireland.Employees log on to the portal and type their location to find out what cinemas in their area they can purchase ...
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JLT Pension Capital Strategies appoints Martyn Phillips
JLT Pension Capital Strategies has appointed Martyn Phillips as head of buyout consulting. Phillips, who will move from Lane Clark and Peacock, will assume responsibility for buyout and settlement activity across JLT Pension Capital Strategies, when he starts 2 April 2012.At Lane Clark and Peacock, he focused on consulting with ...
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The Court of Appeal reviews how holiday should be managed for employees on long-term sick leave
The Court of Appeal is reviewing whether employees who are absent on prolonged sickness leave must inform their employers of an intention to take holiday and whether they can carry holiday forward to a subsequent holiday year.Yesterday (29 March), the case of NHS Leeds vs Larner, considered two unresolved issues: ...