All Employee Benefits articles in Web Issue – Page 612
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Article
Employers ranked by CSR criteria
Diversity and inclusion were scored as the highest corporate social responsibility (CSR) indicators in the FTSE 100, according to research by Towers Watson and Business in the Community (BITC).The first Workwell FTSE 100 benchmark scored FTSE 100 companies against BITC’s Workwell criteria, which includes a total of 25 indicators across ...
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Article
Minimum wage to increase from 1 October
The government has accepted the independent Low Pay Commission’s (LPC) recommendations for this year’s adult and youth national minimum wage (NMW).It also opted to increase the apprentice rate rather than freeze it, as recommended by the LPC.From 1 October 2013:The adult rate will increase by 12p to £6.31 an hour.The ...
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Case Studies
Staff transfers ease auto-enrolment burden for Incisive Media
But with about 10 staff in each of its US and Hong Kong offices, the media company is aware of its obligations as an employer for its international staff.Emma Cutbill, benefis manager at Incisive Media, says: “Some of our UK employees have transferred over to those offices. Because they are ...
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AnalysisAuto-enrolment for internationally mobile employees
IF YOU READ NOTHING ELSE, READ THIS…The eligibility of employees coming to work in the UK, and or those leaving to work abroad, has to be assessed for auto-enrolment.Employers should clearly document each step of the decision-making process when assessing these employees.Mobile employees must be enrolled in a qualifying pension ...
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Article
Employers offer skills-based volunteering options to staff
Employers have moved from primarily offering team and physical volunteering programmes to staff to providing access to skills-based volunteering opportunities, according to a report by Community Service Volunteers (CSV).Employee volunteering – who is benefiting now?, interviewed 40 organisations to explore the relationship between employers, employees and community groups engaged in ...
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Article
Induction pack most common way to communicate benefits
More than two-thirds (67%) of respondents use their induction pack to communicate employee benefits to staff, according to research carried out by eMedia on behalf of Specsavers Corporate Eyecare.The research, which surveyed more than 200 HR directors from the UK and Ireland, found that 65% of respondents use an intranet ...
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Article
Directors' remuneration legislation updated
The government has amended the Department for Business Innovation and Skills’ (BIS) draft legislation requiring listed, but not AIM, organisations to hold binding shareholder votes on directors’ pay. The new draft also provides for a further, but non-binding, shareholder vote on the implementation of pay policy and enhanced remuneration disclosure ...
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Article
Trinity Mirror reduces exec bonuses
Trinity Mirror reduced the cash bonuses payable to its executive directors by 50% in 2012.The newspaper publisher’s annual report also showed that the executive directors did not wish to be considered for base salary reviews in 2013.The average salary increase for all staff across the group was 2%.The report outlined ...
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Article
Employee Benefits Awards 2013 shortlist announced
Asda, BMW, Hewlett-Packard, GlaxoSmithKline and Virgin Media are among the employers shortlisted for the Employee Benefits Awards 2013The winners will be announced during a lunch-time ceremony at the Artillery Garden at the HAC in London on 7 June 2013. Book a table at the summer party.Full Employee Benefits Awards 2013 ...
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Supplier article
Health Shield announces strong results
Despite the continuing economic difficulties, the Friendly Society has reportedly maintained momentum — as part of an ambitious growth strategy to provide ‘affordable healthcare support to the widest possible community’ — recruiting more than 48,000 new members to the organisation in 2012.It has also set out a new five-year mission ...
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Article
New stress management consultancy launches
A new workplace stress management and employee wellbeing consultancy has launched.Workplace Stress Solutions aims to help prevent and manage stress in the workplace.It offers a tailored approach to organisations through a range of stress management, resilience training, and leadership development programmes. Natasha Shearer, founder of Workplace Stress Solutions (pictured), said: ...
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Article
JLT Employee Benefits partners Vielife
JLT Employee Benefits has formed a global partnership with health and wellbeing provider Vielife.The partnership will enable JLT Employee Benefits to offer Vielife’s online health and wellbeing platform through its online benefits management system, BenPal.Employers using BenPal will be able to access analysis available through Vielife’s system to identify the ...
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Article
European Parliament votes in favour of bankers' bonus cap
Members of the European Parliament (MEP) have voted in favour of imposing a cap on bankers’ bonuses.If formally approved by the Council of Ministers, from 1 January 2014, the basic salary-to-bonus ratio will be 1:1. This could be raised to a maximum of 1:2, if approved by at least 66% ...
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Article
M&S, Next and Unilever shortlisted for best pensions change at Employee Benefits Awards
Marks and Spencer, Next and Unilever are among the employers shortlisted for the award ‘Best pensions change’ at the Employee Benefits Awards 2013.This award recognises organisations that have implemented a pensions change strategy resulting in effective pensions provision for employees. For example, they may have introduced a new pension scheme, ...
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Article
Employee ownership scheme passed in House of Commons
Members of Parliament have voted in favor of the government’s proposed employee ownership scheme.The policy, which is part of the Coalition government’s Growth and Infrastructure Bill, passed in the House of Commons with 277 votes in favour and 239 against.This comes after the proposal, dubbed ‘shares for rights’ by Chancellor ...
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Article
Next chief to share £2m bonus among staff
Next chief executive Simon Wolfson is to share a £2.4 million bonus awarded through a share-matching plan (SMP) with the organisation’s staff.The payout will be shared among 19,400 of the retailer’s 55,000 employees who have been with the retailer since June 2010.The award will be equivalent to 1% of an ...
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Article
Interview: Stuart Nolan, global head of reward, Eurasian Natural Resources
CURRICULUM VITAEMay 2012-present global head of reward, Eurasian Natural Resources Corporation (ENRC)2007-2012 group reward director, Dixons (now part of Currys)2003-2007 head of reward, Experian1999-2003 global reward manager, Serono (now Merck Serono)1993-1999 reward manager, NatWest (now part of Royal Bank of Scotland)How would you describe yourself?I have a real passion for ...
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Article
Confessions of a benefits manager: World service
Big Bad Boss says he has a great opportunity for me, which is another way of saying he has a great big pile of work lined up. Apparently, my counterpart in the US is sick, and they want me to help compile a global summary of benefits.Normally, I quite like ...
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Article
Tusker staff aim to raise £20,000 for charity
Tusker employees are taking part in a challenge to raise £20,000 for charity.A team of 20 employees, led by chief executive David Hosking (pictured), will tackle the Tough Mudder adventure challenge, a 12-mile obstacle course designed to test participants on strength, stamina, mental grit and camaraderie.The 20 employees will face ...
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Article
Pay rises by 1% while cost of living rises 2.8%
Total pay (including bonuses) for employees in the UK rose by 0.8% between December 2012 and February 2013, according to figures from the Office for National Statistics (ONS).Its Labour market statistics, April 2013 showed that regular pay (excluding bonuses) for this group, meanwhile increased by 1%.In addition, between February 2012 ...