All Employee Benefits articles in Web Issue – Page 564
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Article
City bonuses will continue to fall
The estimated level of bonuses for City employees for the Christmas and early 2013 period are down to £1.6 billion, a decrease from a £2.3-billion estimate made six months ago, according to research by the Centre for Economics and Business Research (CEBR).Its study, London, city and regional prospects, found that, ...
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Article
Employee engagement levels stagnate
Employee engagement levels have stagnated, with less than two-thirds (64%) of the UK workforce feeling engaged, according to research by global management consultancy Hay Group.Its Insight database, which includes information from 1,610 organisations across 46 countries, found that although 70% of respondents feel motivated to go the extra mile for ...
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Article
Lyreco prepares for pensions auto-enrolment
Lyreco has brought forward its auto-enrolment staging date, switched pension providers, and set up administration software between its payroll and pension provider.The workplace products distributor will use Cerdian’s auto-enrolment administration software, which automatically identifies and enrols employees into the chosen pension scheme.The software aligns the exchange of payroll information from ...
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Article
Paper calls for overhaul of bankers’ pay
Banks should reform remuneration practices and lower overall pay, according to a paper by Hermes Equity Ownership Services.Epidemiology – next steps for banking regulation, puts forward five interventions to tackle current problems in the banking industry.One of the interventions is to reform remuneration practices to lengthen performance periods, so that ...
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Article
Local government pensions need better investment governance
The future of local government pension schemes (LGPS) in London is potentially blighted by weak oversight of investment governance, according to research by the Pensions Institute.Its report, An evaluation of investment governance in London local government pension schemes, identifies fundamental flaws in the investment governance of the majority of London’s ...
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Article
E.On raises voluntary benefits log-ins
EXCLUSIVE: E.On UK has increased the number of employees who log into its online voluntary benefits scheme by 360% since it re-launched its communications campaign in July.The new campaign, which ran from July to October 2012, also resulted in an average increase in employee spend on the site of more ...
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Opinion
Louise Aston: Help employers achieve engagement
This week’s launch of the Engage for Success report (Employee engagement – the evidence) has reiterated the critical need for organisations to ensure they have an effective employee engagement strategy in place. The numbers speak for themselves: £26 billion in gross domestic product (GDP) is being missed each year as ...
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Article
Diageo and NetApp among best global workplaces
Ten employers with operations in the UK, including Diageo, NetApp and Teléfonica O2, have been listed among the world’s best places to work.The Great Place to Work Institute, a global research, consulting and training firm, publishes the 2012 Top 25 World’s Best Multinational Workplaces List.The 10 UK operations are: NetApp ...
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Article
Tindle Newspapers to pay bonus
Tindle Newspapers’ full-time staff will share a £250,000 bonus pool.Employees at the regional publisher will be given a lump sum of between £125 and £400, depending on the profits of the individual Tindle centre they work in. Staff at seven centres will definitely receive the maximum bonus of £400.Ray Tindle, ...
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Article
JP Morgan to expand flexible benefits plan
EXCLUSIVE: JP Morgan is to add a range of new perks to its flexible benefits portal, Elements, in 2013.The benefits that will be added for the 2013 enrolment period in February, include magazine subscriptions, a will-writing service and a home care benefit, provided by Allianz, which helps provide care in ...
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Article
Gliding into the office
Something for the weekend…Employers could be saving money on offering season ticket train loans by encouraging employees to parasail to work instead.A Chinese businessman, Zeng Daxia, parasails over Zhuzhou city in Hunhan province to beat the daily traffic jams.According to Orange News, Daxia said: “I work and live at different ...
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Article
Employers to rely on existing technology for auto-enrolment
More than 50% of respondents said they expect to rely on their existing payroll and HR systems to fulfil their auto-enrolment duties, according to research by JLT Benefit Solutions.The latest JLT 250 club survey, which polled around 250 private sector employers, looked at the role of technology in the provision ...
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Article
Equiniti Group sells Xafinity Consulting
Benefits administrator Equiniti Group has reached an agreement to sell its Xafinity Consulting business to private equity firm CBPE Capital.The sale is still subject to certain conditions, including regulatory approvals, and is expected to close during the first quarter of 2013.Wayne Story, chief executive at Equiniti Group, said: “Having considered ...
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Article
Freshfields to launch targeted benefits events
EXCLUSIVE: Freshfields Bruckhaus Deringer is to focus the communications for its January 2013 flexible benefits enrolment period by hosting targeted events around lifestyle, health and finance.The law firm has offered flexible benefits for four years, but is changing its approach this year to keep it fresh and to keep employees ...
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Article
Taxpayers' Alliance proposes steps to abolish NI
The Taxpayers’ Alliance has proposed three steps to abolish national insurance (NI) and simplify income tax with the goal of implementing a single income tax rate of 30% by 2020.The report, How to abolish national insurance within five years, suggested that NI be fully merged with income tax in 2017, ...
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Article
HMRC investigates top earners
HM Revenue and Customs (HMRC) is investigating £400 million-worth of tax that has possibly been unpaid by directors and executives, according to analysis by Pinsent Masons.The law firm has analysed official data from HMRC’s large business service, a department responsible for the taxes paid by the 770 largest organisations in ...
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Article
Asda gives employees a festive thank you
EXCLUSIVE: Asda has given employees a festive thank you, which includes a £20 gift voucher to spend at the grocery store, contributions towards their Christmas party, and a free Christmas lunch.The thank you is packaged up in a card, which each line manager personally writes to each staff member.Employees received ...
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Article
Over half of respondents may postpone auto-enrolment
More than half (56%) of respondents said they will take advantage of the three-month window for postponement before auto-enrolling employees into a pension scheme, according to research by Mercer.The research, which surveyed 300 of its employer clients with auto-enrolment staging dates in 2013 or later, also found that 43% of ...
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Article
American Express extends wellness scheme to Italy
EXCLUSIVE: American Express has rolled out its global wellness programme across its offices in Italy.It has now launched its Healthy Living programme in 15 of the 45 countries in which the credit card company is based.The launch, which took place in early November, included a series of presentations for its ...
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Article
Cabinet Office awards EAP agreement
The Cabinet Office has awarded four providers a framework agreement to deliver pan-government employee assistance programme (EAP) services.The agreement was awarded as part of a tender process carried out by the government procurement service.Government departments have the option to select a preferred supplier from the four providers. Alternatively, the four ...