All Employee Benefits articles in Web Issue – Page 522
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Government sets outs remit for Low Pay Commission
The government has set out its remit for the Low Pay Commission (LPC) for its 2013 report.The independent body will continue to monitor, evaluate and review the national minimum wage and its impact, and review the levels of each of the different minimum wage rates.As part of its remit, the ...
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13% of have made changes to improve wellbeing policy in light of 2012 sports
The majority (90%) of respondents said that a healthier workforce would benefit their business, but only 13% felt their organisation has made changes to improve health and wellbeing in light of forthcoming sports events this summer, according to research by Cisco.Its Health and wellbeing research investigated health and wellbeing policies ...
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HMRC publishes consultation on PAYE reporting
HM Revenue and Customs (HMRC) has published a consultation document, which aims to make pay-as-you-earn (PAYE) reporting in real time as easy as possible for employers.The consultation document, Securing compliance with real-time information: late filing and late payment penalties, seeks views on how best to support employers to understand and ...
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RPMI employees take part in Race for Life
Employees at pension administrator RPMI have raised £828.55 by completing Cancer Research UK's Race for Life.The fundraising event, which was held in Darlington on 10 June, saw almost 3,000 women of all ages running, jogging and walking to raise money for the cancer charity.This is the second year employees at ...
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McBrides to pilot real-time information system
Accountancy firm McBrides is one of 100 medium-sized employers that is to pilot HM Revenue and Customs' (HMRC) real-time information (RTI) system.RTI is intended to make it easier for employers, providers and HMRC to administer the pay-as-you-earn (PAYE) system. Most employers will be using the programme by April 2013 and ...
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73% of respondents would not let governance budget restrict investment strategy
Three-quarters (73%) of respondents would not let their pension governance budget restricts their investment strategy, according to research by Schroders.The independent research, which surveyed 200 pension scheme managers, trustees and financial directors of defined contribution (DC) pension schemes in the UK, found that 15% of respondents said they had no ...
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63% of respondents believe auto-enrolment is a good idea
Two-thirds (63%) of respondents said that auto-enrolment is a good idea, according to research by the National Employment Savings Trust (Nest) Corporation.The research, which surveyed 1,847 employees not currently in a qualifying pension scheme, found that 16% of respondents would definitely opt out of their pension scheme once opted in ...
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EXCLUSIVE: Nice Content launches to provide social media training for employees
A business called Nice Content has been launched to provide social media training for employees.The service aims to help employers ensure their employees have the right skills to manage social media effectively. This in turn can help employees to make the most of social media sites like Twitter for personal ...
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Siemens UK wins award for employee recognition
Siemens UK has won the gold award in the employee recognition category of the Institute of Promotional Marketing (IPM) Awards 2012.Siemens UK's Champions programme, which allows employees to recognise their colleagues who demonstrate the firm's corporate values, is available to all 12,000 UK staff.Recognition nominations can be submitted online or ...
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Microsoft, Tetra Pak and Futurice top list of best workplaces in Europe
Microsoft, Tetra Pak and Futurice have topped the list of the 2012 European Best Workplaces.Great Place to Work, the global research, consulting and training firm, has listed 100 employers, chosen through a survey with more than 250,000 employees across 1,500 European organisations.Microsoft was top pick in the multinational category, Tetra ...
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Business secretary Vince Cable announces reforms for executive pay
Business secretary Vince Cable has announced comprehensive reforms for company directors’ remuneration, including a binding vote for shareholders on pay policy and exit payments.Cable’s package of measures aims to address corporate governance failures by empowering shareholders to engage effectively about decisions on pay.The reforms will be introduced under the Enterprise ...
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Employee Benefits Summit 2012: Tax incentives could help to tackle long-term sickness absence
More than half (56%) of delegates at the Employee Benefits Summit 2012 believe that the introduction of tax incentives would make some difference to how their organisation helps long-term ill employees.A further 16% said that this would make a big difference, while 11% felt their organisation is already demonstrating best ...
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Employee Benefits Summit 2012: Freshfields uses Olympic sponsorship role to motivate and engage staff
More than a third (34%) of delegates at the Employee Benefits Summit 2012 will offer themed events for staff during the London 2012 Olympic and Paralympic Games.A further 17% are still making plans around the games, while 15% are undecided, and 34% will offer no Olympic-themed events to staff.Freshfields Bruckhaus ...
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Employee Benefits Summit 2012: Long-term sickness absence is a management issue
Long-term sickness absence is not just a benefits issue, but also a management issue according to David Frost, co-chair of Health at work – an independent review of sickness absence, which he carried out with Dame Carol Black for the Department of Business, Innovation and Skills (BIS) and the Department ...
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The Pensions Regulator sets out its approach to tackle non-compliance with the pension reforms
The Pensions Regulator has set out its strategy for tackling non-compliance with the pension reforms, including auto-enrolment.The largest organisations will have to comply with the new duties from October, while the smallest employers will have to comply by 2017. Organisations that fail to comply with their new duties may be ...
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Asda employees set to share £50.9 million when sharesave scheme matures
Employees at Asda are set to pocket £50.9 million when the supermarket’s next three-year sharesave scheme matures. This year’s payout, is the biggest on record for employees, and those that have saved £50 a month are expected to receive more than than £2,808, which represents a £1,000-plus gain on their ...
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Doctors on strike after dispute over pensions
Doctors are on strike today (June 21) following a dispute over pensions.The British Medical Association (BMA) said this was the first incident of industrial action taken by its members (who are doctors) in almost 40 years.The government wants doctors to contribute more towards the cost of their pensions and retire ...
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Employee Benefits Summit 2012: High pay decisions may not always be justifiable
The justifications for high executive pay typically lie in talent ideology, however, there are reasons to be sceptical of this, according to David Bolchover, author of Pay check: Are top earners really worth it?Speaking on the second day of the Employee Benefits Summit 2012, he said that the top reason ...
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Canada Life adds a new medical-opinion service to its group risk products
Canada Life Group Insurance has added a new medical-opinion service from Best Doctors to its group income protection and group critical illness products.The service called Ask the expert will provide policy holders with access to the opinions of more than 50,000 medical experts.†The findings are shared with the individual within ...
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HMRC confirms salary sacrifice pension schemes will work for auto-enrolment
HM Revenue and Customs (HMRC) has confirmed that salary sacrifice pension schemes will meet the requirements of auto-enrolment.Previously employees entering into a salary sacrifice arrangement for pension contributions could not easily revert to their higher salary.This was generally taken to mean that employees could not opt out within 12 months, ...