All Employee Benefits articles in Web Issue – Page 536
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Article
Lack of flexible working opportunities leads to higher levels of stress
Almost three-quarters (68%) of respondents reported unreasonable levels of stress when their working hours were inflexible, according to research by the Kenexa High Performance Institute (KHPI).Its WorkTrends report also found that a lack of flexible working opportunities has an impact on employees’ intentions to leave employers.More than half (59%) of ...
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Article
Mercer Marsh Benefits launches benefits website for SMEs
Employee benefits consultancy Mercer Marsh Benefits has launched a benefits website for small and medium-sized enterprises (SMEs). The website, Elect, offers access to a range of employee benefits, including: pensions, healthcare, income protection and group life cover.† Employees also have access to Mercer Marsh Benefits’ team of benefits advisers. Donna ...
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Article
Age UK achieves Pensions Quality Mark
Age UK has been awarded the Pension Quality Mark for its defined contribution (DC) pension scheme which covers 1,050 of the charity’s employees.The mark was established by the National Association of Pension Funds in 2009 to acknowledge employers which provide good-quality DC staff pensions. To date, 157 organisations have been ...
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Article
Mercer appointed to PPF panel
Mercer has been appointed to form part of the Pension Protection Fund (PPF) Specialist Administration Services Panel.The panel will take responsibility for administration services for all schemes entering the PPF. Eight companies have been selected to make up the panel.The Pension Protection Fund was set up to pay compensation to ...
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Flexible benefits a popular choice
Flexible benefits schemes are increasing in popularity with 62% of employers offering a flexible benefits package and 21% planning to do so in the future, according to research by Aon Hewitt.The global human resources consultancy’s Benefits administration survey 2012 also found that 60% of respondents are outsourcing the administration of ...
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Article
Third of Scottish employment tribunal cases relate to equal pay
Over a third of all Scottish cases that are referred to the Employment Tribunal are related to equal pay, according to figures by HM Courts and Tribunal Service.The figures show that 10,000 cases were brought before the tribunal relating to issues of equal pay. The data was released following a ...
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Pensions will not fund retirement, say 44% of Brits
For 44% of British adults a pension is not expected to be the way they fund their retirement, according to research by international investment management firm Baring Asset Management (Barings).The study found that 29% of the respondents are planning on using property and 29% plan to use cash to fund ...
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Article
iGlobalWellness launches new programme
iGlobalWellness has launched a new health and wellness programme Personal Wellness - Sustainable You.The corporate health and wellness programme provider developed the programme as a next step on from its Stay Active Challenge corporate team event and is aimed at encouraging employees to get active during 2012.It is a 12-month ...
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Debi O’Donovan: First impressions of benefits in Asia
On 1-2 August 2012 I took part in Employee Benefits’ first ever Asian venture, Employee Benefits Live Asia, in Singapore.This two-day conference exploring benefit and reward strategies across the Asian region, primarily focused on Singapore (current hotspot for the growth of flexible benefits) and its neighbour Malaysia. However speakers also ...
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Article
The cost of a cuppa, how tea improves staff performance
The tea break is a common occurrence in businesses across the UK, but is it worth the cost?Research into the financial impact of offering tea and coffee facilities to employees by Leeds University Business School has found that on average UK firms are spending £276.53 per year with the cost ...
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Article
UK workers giving away £157 billion in unpaid overtime
Each week one in ten British workers are fitting in a week of unpaid overtime into the working week, according to research by Travelodge.The study found that the cost of this overtime is £157 billion and it is leading to stress in the workforce, with 66% of respondents saying their ...
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Article
Pay continues to be squeezed
Pay packets will continue to be squeezed at 1.6%, according to research by the Chartered Institute of Personnel and Development.The CIPD Labour market outlook survey found that average basic pay award predictions for public sector employees of 0.2% continue to fall behind the private sector predictions of 2.5%.The report also ...
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Article
PruHealth launches online mental wellbeing tools
PruHealth has launched online mental wellbeing tools as part of its Vitality wellness programme.Employees can undertake four online assessments looking at stress, psychological wellbeing, resilience and social support to give a complete picture of their emotional and mental wellbeing.There is free access to support provided by Living Life which includes ...
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Article
PMI Health Group launches Advocate service
PMI Health Group, a provider of employee health risk management, has launched an insurance claims administration and management service to help employers maximise their employee benefits investment.The service, which is run by nurses and administration experts, provides employers with regular reports on how different health and group risk policies are ...
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Article
NAPF launches pension saving guides
The National Association of Pension Funds (NAPF) has launched the fifth and sixth online guides in its New rules for pension saving made simple series.The two documents have been produced in association with JLT Benefit Solutions to provide guidance on implementing auto-enrolment for HR professionals and employers. Topics covered in ...
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Article
David MacLeod to speak at Employee Benefits Live ahead of MacLeod report update
David MacLeod will be a keynote speaker at Employee Benefits Live 2012 ahead of the publication of the MacLeod report update due in October.MacLeod, co-chair of the Employee Engagement Taskforce and co-author of the MacLeod Report on Employee Engagement, will be the keynote speaker on the second day of the ...
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Article
Ceredigion County Council replaces payroll system
Ceredigion County Council has appointed Logica to handle the replacement of its payroll system.The mid-west Wales council is replacing the system to ensure it is compliant with HM Revenue and Custom’s real time information (RTI) system for reporting pay, tax and national insurance, which becomes mandatory in April next year.The ...
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Organisations now planning for real-time information reporting
Planning for real-time information (RTI) reporting of payroll data to HM Revenue and Customs (HMRC) has begun in 86% of organisations, according to a survey by KPMG.Its survey of 42 large businesses in the UK found an increase in the number of organisations preparing for RTI since March this year ...
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Article
Dawson International calls in administrators after inability to pay pension deficit
Textile firm Dawson International has called in administrators after it was unable to reduce its defined benefit (DB) pensions deficit said to be around £50m.Administrators have been appointed to Dawson International its principal trading subsidiary Dawson International Trading and the intermediate UK holding company Dawson International Holdings (UK). However, the ...
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Article
LCP launches auto-enrolment modeller for employers
LCP, the financial, actuarial and business consultancy, has launched an interactive defined contribution (DC) pensions modelling tool to help employers with their auto-enrolment requirements.The modeller allows employers to review the pension scheme design options that are available to meet the auto-enrolment obligations. Employers can input individual scheme and employee data ...