All Employee Benefits articles in Web Issue – Page 567
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Article
Auto-enrolment progress report from DWP at Pensions Summit
On day one of the Pensions and Workplace Savings Summit, Bridget Micklem, head of private pensions policy and analysis at the Department for Work and Pensions, will provide an update on the new regime’s progress so far and will look at what employers can do to create the best environment ...
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Article
Do you deserve an Employee Benefits Award?
If so, you could be an ideal candidate for the Employee Benefits Awards 2013.The awards are designed to recognise and showcase employers that have used reward strategies to make a significant difference to their organisation. Entries can be focused on new initiatives or long-running programmes. Benefits consultants, advisers and providers ...
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Article
Employers spread seasonal cheer
Michael Rose, director at Rewards Consulting, said employers are more aware of the diversity in their workforces, which is reflected in the gifts they give.Staff at Asda received a ‘thank-you’ £20 gift voucher to spend at the store, contributions to their Christmas party and a free festive lunch. Jane Earnshaw, ...
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Article
Employee Benefits Awards entry deadline this month
All the information you need to enter, plus the entry forms that must be completed for each submission, can be found at www.employeebenefitsawards.co.uk.The deadline for entries is Friday, 14 December 2012.
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Article
Good practice trend emerges in exec remuneration
Deborah Rees, director of consulting at Innecto Reward Consulting, said: “There is some very long and hard thinking going on about the things that make a business successful in the short and long term, and how these can be combined effectively into a plan that rewards executives but also gives ...
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Article
Women face lifetime pay gap
And the gap could begin when a woman graduates, according to separate research by the University of Warwick.The CMI 2012 National management salary survey, published in November, found the average male executive earned a basic salary of £40,325 over the last 12 months to August 2012, while a female executive ...
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Opinion
Charles Counsell: Do not leave auto-enrolment plans too late
Some of the country’s biggest employers have already passed their auto-enrolment duty dates. Hundreds of thousands are entering the planning stage, with roll-out continuing until 2017 for small and micro businesses, and 2018 for new businesses.The changes in pension law are not something for the future for HR professionals. Plan ...
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Article
Confessions of a benefits manager: Presents of mind
Big Bad Boss has asked me to organise a Christmas gift for the UK office. At least it is only for the UK; I can imagine what it would be like if I had to do it for the whole of the international business. All the same, I am rather ...
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Article
Debi O'Donovan: Older staff will need some benefits TLC
Turns out that keeping such folk at work for longer is often good for both them and their colleagues, as long as their work is fulfilling and not drudgery.Cognitive neuroscientist and business improvement strategist Dr Lynda Shaw points out that staying in employment can help you age more healthily because ...
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Article
Duncan Brown: How will you treat employees in 2013?
Analysing the four largest public sector pension plans, the Pensions Policy Institute’s October report The implications of the coalition government’s reforms for members of the public service pension schemes found the proposed reforms will reduce the average value of the benefit across all scheme members by one-third. No wonder they ...
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Opinion
Alastair Kendrick: What will HMRC do after court ruling on NI?
The case surrounded the national insurance (NI) relief the taxpayer tried to utilise against the cash allowance paid to staff in lieu of a company car.The Court of Appeal decision was on a point of law and cannot be taken as a ‘green light’ for others to try to make ...
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Article
Debbie Lovewell: Motivating staff boosts business performance
Chief executives in all industry sectors are formulating strategies to steer their organisation onto a strong growth path.The success of these business goals is intrinsically linked with the organisation’s reward strategy, particularly with its approach to employee engagement.The most successful organisations will embrace, manage and obtain value from their workforce’s ...
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Opinion
Will Aitken: Nest restrictions cause pension problems
If an employer wants to pay 10% for staff earning £50,000, it cannot do so in Nest. But, in our experience, this is not the main reason most large employers have chosen to continue their own scheme.Some fear using Nest could make them look like they are doing the minimum, ...
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Opinion
Paul Gilbody: Rise to the challenge of auto-enrolment
For many employers, auto-enrolment will mean making radical changes to their pension provision. But by starting the preparation process well in advance oftheir staging date, they can reduce the risks associated with implementing the new obligations.Once their staging date is known, employers need to start assessing the financial and administrative ...
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Opinion
Ben Saunders: Employee ownership scheme has doubtful value
Then the Department for Business, Innovation and Skills rushed out its consultation on implementing employee owner status, with three weeks to respond.A new class of employment status, ‘employee owner’, will be introduced. Such people can receive shares worth between £2,000 and £50,000, which will be exempt from capital gains tax. ...
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Article
Andrew Taggart: What are the challenges and rewards of offering a living wage?
Making a public commitment to pay the London living wage shows true corporate responsibility at a fundamental level. It sends a message that the organisation values and respects its staff.The living wage is de?ned as a wage that can meet people’s basic needs to maintain a safe, decent standard of ...
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Article
Rhys Moore: What are the challenges and rewards of offering a living wage?
We saw [London mayor] Boris Johnson and [Labour party leader] Ed Miliband publicly renew their backing for the campaign.The ?rst wave of accredited living wage employers was announced: a list of more than 100 organisations, large and small, private and public, including KPMG, Birmingham City Council, Save the Children and ...
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Article
Guy Stallard: What are the challenges and rewards of offering a living wage?
We employ more than 600 staff in our of?ces across the UK who provide vital support services, such as cleaning, catering, reception and security. As a business, we could simply not function effectively without them. These are absolutely essential employees, who do a good job, work hard for us and ...
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Opinion
Angela Wright: Communication for reward is vital
For most service-based organisations, pay and benefits account for 70% to 80% of corporate costs. Yet there is relatively little evaluation of whether their reward systems are delivering value for money.Much research on reward system evaluation shows how hard it can be to disentangle the effect of reward from the ...
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Opinion
Jane Vass: Flexible working vital for older workforce
Yet far too many people aged 50 and over are locked out of the job market despite their skills and knowledge. This is often simply because they are unable to work in a way that enables them to balance their work and home responsibilities, which may include caring for a ...