All Employee Benefits articles in Web Issue – Page 609
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Article
EIOPA publishes research on default investment funds
Default investment funds are used by only 50% of members’ pension schemes, according to research by the European Insurance and Occupational Pensions Authority (EIOPA).The survey, which was conducted as a follow-up to EIOPA’s advice to the European Commission on the review of institutions for occupational retirement provision (Iorps), looked into ...
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Analysis
Doug Taylor: How to engage staff in saving for retirement
Doug Taylor, financial services chief advocate at Which?, talks to Clare Bettelley, associate editor of Employee Benefits, about how employers can better engage employees to save for their retirement.Taylor explains how employers need to “start from where the individuals are” when encouraging them to save, as well as creating the ...
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Article
Ernst & Young and Mitie are top employers for women
Ernst and Young, Mitie and Nationwide Building Society are among the employers that have been named in The Times’ Top 50 Employers for Women 2013.The list, which is compiled in partnership with Opportunity Now the gender equality campaign from Business in the Community, identifies and celebrates employers that can demonstrate ...
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Article
Green fleet targets on the rise
The proportion of organisations setting green fleet targets increased significantly between 2011 and 2012, according to research by Alphabet.The Alphabet fleet management report 2012, which surveyed 250 UK fleet managers, found that 83% of public sector respondents have now set green fleet targets, up from 67% in 2011, while 79% ...
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Article
UK workers unaware of income protection options
More than half (51%) of respondents mistakenly assume their employer would pay full salary for at least three to six months in the event of an illness that prevents them from working, according to research by think tank Demos.The research, Investigating how to protect financial wellbeing during times of austerity, ...
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Article
Paddy Power to introduce new L-tip
Paddy Power has asked its shareholders to approve the adoption of a new long-term incentive plan (L-tip) for 2013.The bookmaker’s annual report highlighted that its 2004 L-tip will expire in mid-2014. The organisation’s board has proposed the introduction of a new L-tip to replace and update it.The new L-tip will ...
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Article
KFC launches total reward platform
EXCLUSIVE: Kentucky Fried Chicken (KFC), part of Yum! brands, has launched an online total reward platform for its 10,000 employees, a flexible benefits scheme for its 1,000 salaried employees, and will roll out a defined contribution (DC) pension scheme for its 9,000 weekly-paid staff to comply with its auto-enrolment obligations.The ...
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Article
Mills and Reeve streamlines three pension schemes
EXCLUSIVE: Mills and Reeve has streamlined its three pension schemes ahead of its October 2013 auto-enrolment staging date.In March 2012, the law firm began a review of its pension provision and opted to streamline its three defined contribution (DC) pension schemes, one stakeholder and two group personal pension (GPP) plans, ...
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Opinion
Paul Brown: Automated processes help optimise flexible benefits
It is commonly accepted that flexible benefits are a fantastic proposition for employees, offering an opportunity to increase holiday entitlement, reduce unwanted levels of life assurance or choose from a wide range of new benefits.This choice gives employees a greater appreciation of their benefits plans, and the value of them, ...
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Article
BHSF partners Torquil Clark for auto-enrolment product
BHSF has partnered with financial planners Torquil Clark to offer an auto-enrolment product to employers.The employee benefits provider and health insurer has around 3,000 employer clients, the majority of which fall into the small and medium-sized enterprises (SMEs) bracket and the auto-enrolment staging window of 2013/2014.BHSF will offer employers access ...
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Article
BGL Group launches fitness initiative
BGL Group has launched an initiative to encourage its staff to be more active.The four-week Active121 programme aims to help employees complete 30 minutes’ exercise five days per week.Around 100 employees have registered for the free benefit, which includes unlimited email access to a wellbeing advisor for personal support, a ...
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Article
Salary and benefits top wish list for new graduates
Salary and benefits are at the top of the wish list for graduates looking for their first employer, according to research by Ernst and Young.The research, which was conducted among 2,205 students, found that 22% of respondents ranked salary and benefits as the most important consideration when choosing a future ...
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Article
Standard Life pays £12m to three executives
Standard Life has increased the remuneration levels of its top three executives for 2013 after awarding them pay and bonuses worth nearly £12 million in 2012.The life company will increase the base pay of its chief executive, David Nish, by 1.9% to £790,000, its chief financial officer, Jackie Hunt, by ...
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Case Studies
Mountaineering builds team spirit at UKFast
From an all-expenses paid annual festival for all staff and their families to working breaks in Verbier, Switzerland, and Necker Island in the British Virgin Islands, he spares no expense.Jones strives to generate loyalty from each employee’s first day at work. He has invested in a hotel in Snowdonia, Wales, ...
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AnalysisWhich incentives motivate staff to work harder?
IF YOU READ NOTHING ELSE, READ THIS…Being made to feel part of a team can motivate employees to go that extra mile for their business.Budget constraints are no excuse for failing to support employees in their job. A department-based strategy can be equally successful.Creating flexible job roles, where possible, can ...
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Opinion
Viki Holton: How to motivate staff
They offer the right salary, more or less, they appreciate staff and make them feel valued; and extra effort is not taken for granted. Compare that to a business where staff feel overworked and underpaid, are micro-managed, unappreciated and, worst of all, the goals keep changing.The principles of employee engagement ...
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Article
Employees feel demotivated in the workplace
More than half (53%) of UK business leaders are generating demotivating working environments, according to research by Hay Group.The research, which analysed the consultancy’s own data covering around 14,000 leaders in almost 400 UK organisations, found that this figure has fallen by 12% since similar research was published in 2005.It ...
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Article
UK staff have low pay rise expectations
UK employees have the lowest pay increase expectations of any workforce around the world, according to new research by the Corporate Executive Board (CEB).Its Global labour market survey: a view of Q4 2012 workforce trends, which polled 18,000 employees, found that the UK was followed closely by Belgium, France and ...
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Article
Computershare Voucher Services launches voluntary benefits
Computershare Voucher Services (CVS) has partnered Salary Exchange to offer supplementary voluntary benefits to its employer clients.Computershare Salary Extras was created in response to employers repeatedly asking CVS for extra benefits to support their employees.The new benefits are designed to be available via salary sacrifice arrangements.From 1 March 2013, the ...
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Article
Employers create project teams for auto-enrolment
More than half (70%) of respondents have set up a project team for auto-enrolment, up from the 50% that had done so in 2012, according to research by the Chartered Institute of Payroll Professionals.Its second Research paper to understand business readiness for automatic enrolment, published this week, had 95 respondents ...