All Employee Benefits articles in Web Issue – Page 579
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Wicker Pharmacy adopts employee ownership
Associated Chemists (Wicker), better known as Wicker Pharmacy, has adopted an employee ownership model.The Sheffield-based pharmacy has created the Wicker Employee Trust, which has acquired a 10% shareholding to be held on behalf of all employees. Almost 70% of the shares are now owned by, or on behalf, of employees ...
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Employers consider new benefits to engage staff
In 2013, 48% of respondents will consider new health and wellbeing initiatives to retain, engage and reward employees, according to research by Jelf Employee Benefits.The research, which surveyed 162 employers, also found that 54% of respondents felt there was a lack of choice in terms of competition from insurers and ...
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Denplan to launch discount network
Denplan is to launch a discount network, designed to allow employers to offer staff access to dental treatment at discounted rates.The network will enable employers to promote dentists that are close to their place of work.The dental provider has offered its 6,500 member dentists the opportunity to join the network, ...
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RPI proposals good for pensions
The Office of National Statistics (ONS) has recommended that a new index be published, after it concluded that the formula used to produce the retail prices index (RPI) does not meet international standards.A new RPI-based index will be published from March 2013 using a geometric formulation (Jevons), known as RPIJ.A ...
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DOD’s blog: my week in benefits
Why are we waiting – it’s getting aggravating (as we used to say at school).Two years on from the pensions green paper there is still no sign of regulations to bring in a flat-rate state pension (proposed at £140 a week).Until we have a flat rate, those at the bottom ...
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Taking a break from work
Something for the weekend…Employers are always looking for the next big thing to help them recruit, engage and retain the best talent. So could giving staff time during the working day to book a holiday be the next big craze inbenefits?Well, it would seem that some employees are already enjoying ...
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Holly Motion: Pension thinking for the next generation
While working for Employee Benefits over three days, one issue continued to crop up: Pensions. As an undergraduate student in my final year, should the ‘2013 to-do list’ be: Complete degree, get job, enrol in pension scheme?Surely I don’t have to start thinking about such a thing yet? If the ...
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Low pay raises risk of hypertension
Employees earning the lowest wages have a higher risk of hypertension than workers with the highest wages, according to research by the University of California, Davis (UC Davis).The research, Are low wages risk factors for hypertension, found that the correlation between wages and hypertension was especially strong among women and ...
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MPs believe salaries should be higher
Two-thirds (69%) of MPs questioned think they are underpaid, according to a report by the Independent Parliamentary Standards Authority (IPSA).Its report, Reviewing MPs’ pay and pensions, is the result of the first public consultation on MPs’ pay and pensions.The report also confirmed that MPs’ pay will increase by 1% in ...
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Providers agree to disclose pension charges
The Association of British Insurers (ABI) has announced an agreement to ensure the consistent and straightforward disclosure of pension charges and costs to employees in workplace pension schemes.The agreement will be implemented by the summer of 2014 for schemes that arenewly established for auto-enrolment, and for all older workplace pension ...
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International Reward report (February 2013)
Employee Benefits’ International reward supplement rounds up the latest trends in international reward markets and considers the future shape of employers’ benefits take-up.The report (download pdf) covers:Teresa Rogers: Local support is the keyPensions provision around the globeKBC banks on three-fund strategyGabriel Bernardino: Pan-European savingsGlobal reward needs local balanceInternational PMI must ...
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Article
Jelf appoints Wayne Pontin executive director
Jelf has appointed Wayne Pontin as executive director, mergers and acquisitions.Pontin, who is also currently chairman of the Association of Medical Insurance Intermediaries (AMII), was previously sales director for Jelf Employee Benefits.Pontin’s experience in the health insurance market will help him in his new role in identifying opportunities for growth.Alex ...
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Exec pay increases remain steady
Executive pay rises have started to align with levels for other employees, according to research by Towers Watson.Findings from its Executive pay pulse survey and 2012 UK top executive survey, which gathered data from 150 large listed companies at the end of 2012, found that base pay increases for executives ...
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Link exec pay to non-financial measures
British companies should link at least half of top executives’ performance-related pay to broad measures of success in order to avoid the risk of business decline, according to a report by the High Pay Centre.Its Paid to perform? report found that firms are failing to link important areas of non-financial ...
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New flat rate state pension is announced
This afternoon the government announced plans to introduce a new flat-rate state pension.The new state pension will come into effect from 2017 as part of a reform package to be announced to Parliament today.At today’s prices it will be worth around £144 a week and will only be paid to ...
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Jelf appoints auto-enrolment consultant
Jelf Employee Benefits has appointed Caroline Burnham auto-enrolment consultant.Burnham will project manage employers in the run up to their staging date and ensure employers are prepared for their new duties.She will also be the lead on the development and implementation of the organisation’s auto-enrolment software, AE Manager.Alan Milward, corporate benefits ...
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Ambulance Service to pay one-off bonus
London Ambulance Services is offering a one-off bonus of £250 to control-room staff to encourage them to manage lower priority calls more appropriately by directing callers to a different service, such as a GP or NHS Direct.In 2012, more than 200,000 of the 1.6 million calls received by the service ...
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Poor communication can impact engagement
Poor internal communication is most detrimental to employee engagement, according to research by Jelf Employee Benefits.Its research, which surveyed 162 employers, found that 30% said internal communication was most detrimental to engagement, while 27% felt poor pay and benefits packages have a negative impact on employee engagement.It also found that ...
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Gove confirms performance-related pay for teachers
Education minister Michael Gove has confirmed the implementation of performance-related pay (PRP) for teachers.This follows recommendations from the School Teachers’ Review Body (STRB), which were published in February 2012 and called on the government to link teachers’ pay more closely to their performance.In May 2012, Gove submitted evidence to the ...
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Private sector staff believe pay should reflect performance
Just one in three public sector respondents think their salary should reflect their individual performance, compared to more than half of private sector respondents, according to research by the Chartered Institute of Personnel and Development (CIPD).Its annual research, Employee attitudes to pay, which surveyed more than 3,000 employees, found that, ...