All Employee Benefits articles in Web Issue – Page 552
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Case Studies
Prudential employees want online statements
The organisation moved the total reward statements online in 2010 at the same time as it relaunched its online flexible benefi ts scheme.In 2011, Prudential added a mid-year online total reward statement to give staff a real-time view of their package after the salary and bonus review process in April.The ...
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Opinion
Spencer Roach: Flexible working key to reducing staff stress
I read the average UK worker spends 200 hours commuting each year, so at 52% that would potentially be an extra 100 hours of productivity.Clearly, the practicalities of formalising flexible working vaires by industry sector, but in my organisation, I see a growing number of roles with an international remit. ...
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Article
Flexible working practices are Olympic legacy
Going forward, this will be driven by factors such as the economic climate and changing workforce demographics.Ben Willmott, head of public policy at the Chartered Institute of Personnel and Development, said: “Post-financial crisis, there was a lot of consultation between employers and employees which resulted in more flexible ways of ...
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Opinion
Paul Waters: Rolling over share proceeds will pay off
Taking a more integrated approach to employee share plans, corporate-sponsored pensions and individual savings accounts can result in much better savings outcomes.Sharesave plans typically have a high degree of trust with staff. Encouraging employees to use these plans is likely to be more successful than encouraging additional pension saving.If employees ...
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AnalysisTop tips on total reward statements
If you read nothing else, read this…Employers must be sure of their reasons for using total reward statements (TRS) and how they should be sent out.Statements can be tailored to groups of employees or individuals.Any errors in a statement can undermine an employer’s hard work.Pay rises are few and far ...
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Article
Aviva launches auto-enrolment tool
Aviva has launched an online auto-enrolment modelling and compliance tool for employers.Auto-enrolment Manager for Employers (AME) is a hub-based tool that can connect to multiple pension and payroll schemes, and can be used across other providers’ pension schemes.It features financial modelling, automatic compliance monitoring and employee communications.Graham Boffey, managing director ...
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Article
All employees should have a pension
The vast majority (98%) of respondents said that every employee should be entitled to a workplace pension, according to research by the National Association of Pension Funds (NAPF).The research, conducted for the NAPF by Populus, surveyed 979 UK employees, and was launched to coincide with the start of auto-enrolment on ...
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Article
Employee engagement linked to wellbeing
Two-thirds (66%) of respondents make a link between employee engagement and wellbeing in the workplace, but only 33% follow through with a wellbeing strategy, according to research by Edenred and EnergiseYou.The research, Health and wellbeing at work, which surveyed 200 senior HR professionals, found that 47% of respondents said the ...
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Article
FirstGroup tests auto-enrolment hub
EXCLUSIVE: FirstGroup is finalising user-acceptance testing on its auto-enrolment hub, which will be rolled out for its staging date of April 2013.The hub, which will be provided by reward and pension communications firm Penkom, will sit between the transport organisation’s pension provision, payroll system and communication processes.John Chilman, group reward ...
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Article
Auto-enrolment comes into effect
Auto-enrolment legislation officially comes into effect today.From 1 October, every employer in the UK has a legal duty to automatically enrol eligible employees into a qualifying workplace pension scheme and make contributions towards it.The duties will be staged in over six years, starting with the largest employers. Organisations such as ...
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Article
Health and wellbeing report 2012
The employee health and wellbeing agenda is facing considerable change as 2012 winds down. Employee Benefits’ annual report rounds up the main issues, trends and topics around health and wellbeing.The report covers:A roundup of the latest news about health and wellbeing programmes.Legal expert Alex Fricke offers top tips for compliance ...
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Article
Ban on age discrimination extended
New provisions set out in the Equality Act 2010, which extends the ban on age discrimination, came into force on 1 October and could impact some service providers, such as healthcare providers.According to the Equality Human Rights Commission, the new ban will mean, in most cases, these service providers will ...
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Article
Manufacturing pay freezes rise
The number of manufacturing firms instigating pay freezes has grown to one in seven in the three months to August 2012, due to economic uncertainty, according to research by EEF, the manufacturers’ organisation, and Jam Recruitment.The September 2012 pay bulletin found that this was an increase from the one in ...
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Article
SMEs unaware of auto-enrolment and RDR
Two-thirds (66%) of small- and medium-sized enterprises (SMEs) have not heard of the retail distribution review (RDR) and 41% have not heard of auto-enrolment, according to research by RSM Tenon.The RSM Tenon Business barometer, a quarterly survey carried out by YouGov among senior management in SMEs, also found that only ...
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Article
Employers to receive letters about RTI
UK employers are set to receive a letter from the tax authorities in October, outlining the key changes that will come in with real-time information (RTI) reporting.Between April 2013 and October 2013, all employers will start reporting payroll information to HM Revenue and Customs (HMRC) in real time (on or ...
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Article
FTSE 350 pension deficits increase
Assets held in the FTSE 350 defined benefit (DB) pension schemes have increased to £501 billion, while liabilities have increased to £574 billion, according to research by Mercer.The research found that this is up from 2002, when assets stood at £282 billion and liabilities stood at £357 billion.The data, which ...
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Article
BITC launches Workwell Benchmark
Business in the Community (BITC) has launched the Workwell Benchmark to measure FTSE 100 organisations’ management of employee wellbeing and engagement in the workplace.The benchmark will be based on a questionnaire, which covers areas such as leadership and management, occupational health and wellbeing promotions, and employee engagement.Paul Litchfield, chair of ...
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Article
Phoenix Group raises flex take-up
EXCLUSIVE: Phoenix Group has seen an increase in employees taking up its flexible benefits scheme for the third year in a row.More than three-quarters (77%) of staff take advantage of the Flexit scheme, which is provided by Vebnet.Lynne Weller, group reward manager at Phoenix Group, said: “Since launching Flexit in ...
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Article
Hippodrome Casino launches voluntary perks
EXCLUSIVE: The Hippodrome Casino has launched a voluntary benefits scheme to support its employees’ lifestyles and help them make savings on everyday purchases.The scheme, provided by P&MM Employee Benefits, includes employee discounts, childcare vouchers and a bikes-for-work scheme.The casino, which is in central London, introduced the scheme as it inducted ...
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Article
25 questions you should ask your auto-enrolment technology provider
This article has been provided by our channel sponsor, StaffcareMany auto-enrolment solutions are now starting to hit the headlines. Some are ready, some are still in development, but how many will deal with all the challenges that auto-enrolment brings? Are UK employers underestimating the complexities involved? Will you have the ...