All Employee Benefits articles in Web Issue – Page 620
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Article
Milton Keynes managers are most rewarding in UK
Managers in Milton Keynes are themost rewarding in the UK, according to research by Jurys Inn Hotels and CrossCountry trains.The hotel group’s survey of 2,500 office workers found that managers in Milton Keynes are most likely to reward their team’s successes, with 97% of bosses choosing to reward their teams ...
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Awareness of pension tax efficiency is on the rise
More people are aware of the tax efficiencies around pensions than a year ago, according to research by Standard Life.Its research, which surveyed more than 2,000 UK adults, found that more than a third (39%) respondents are aware that the government will automatically add £1 for every £4 they invest ...
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British Gas and Asda shortlisted for motivation
British Gas, McDonald’s Restaurants and Whitbread are among the employers that have been shortlisted for the award ‘Most motivational benefits’ at the Employee Benefits Awards 2013.For this category, the judges looked for a successful motivation strategy that uses incentives or reward to help drive employee performance, engagement or retention.The full ...
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Article
Less than half of employers have engagement strategy
The majority (79%) of respondents rate employee engagement as a high priority, but only 41% have an employee engagement strategy in place, according to research by YouForce.The research, which was conducted in March 2013, found that, of the 41% which do have an employee engagement strategy, 30% said it improves ...
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Good work-life balance a driver for staff retention
Employee respondents in the UK believe their employers fail to support them in striking a balance between work and their personal life, according to research by global management consultancy Hay Group. The research, which was compiled using data from Hay Group’s global employee opinion database comprising more than 600,000 UK ...
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Article
First £2,000 of national insurance contributions to be waived
The first £2,000 of national insurance contributions (NICs) for employers will be waived under the National Insurance Contributions Bill set out in the Queen’s speech. The legislation was initially announced by Chancellor George Osborne in the Budget 2013, with the aim of promoting employer growth.The bill’s employment allowance clause means ...
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Article
Flat-rate state pension introduced in Pensions Bill
A flat-rate state pension worth around £155 per week will be introduced from April 2016.The Pensions Bill, announced in the Queen’s Speech, will introduce a system which will replace the current means-tested method. The concept of a single-tier state pension was first mooted by pensions minister Steve Webb in 2011.The ...
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Article
No bonus for Morrisons' directors
Morrisons executive directors received no annual bonus in 2012, because they failed to meet the organisation’s underlying profit before tax growth target.The supermarket chain’s Annual report 2012, also showed that Dalton Philips, chief executive of WM Morrison, saw his total remuneration cut from £1.78 million in 2011, to £1.09 million ...
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Interview with Euan Hutchinson, EMEA rewards director, Johnson and Johnson
Hutchinson never intended to become a reward manager. He studied accountancy at the University of Strathclyde in 1985, but a chance opening with a client while working as a consultant changed his career path forever.“I was originally an accountant specialising in tax for 10 years, and then I started to ...
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Article
Five Guys selects payroll provider for UK launch
US burger restaurant chain Five Guys has selected ADP as its UK payroll provider.The organisation, which has 1,000 locations in 47 states and six Canadian provinces, will use ADP Freedom to manage the payroll functions for its new UK arm of the organisation.Five Guys’ requirements for a payroll provider were ...
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Article
BMW and AIG shortlisted for stress approach
BMW and Quintiles are among the employers that have been shortlisted for the award ‘Best stress management scheme’ at the Employee Benefits Awards 2013.This award will recognise employers that have made a concerted effort to tackle employee stress and mental health issues.The full category shortlist is:AIG Europe - AIG Absence ...
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Article
Xerox changes holiday purchase scheme
EXCLUSIVE: Xerox has doubled the number of days staff can buy each year through its holiday purchase scheme, made it available to all employees and extended the time period during which staff can take up the benefit.Employees can now buy up to 20 days a year through the scheme, which ...
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Unusual childcare requests
When considering their childcare needs, skid-pan control and martial arts skills are unlikely to feature highly on the wishlists of many employees.However, employers looking to point their staff in the direction of something a little extra, or who have employees deemed to be high profile or at high risk, could ...
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Article
Lack of consistency in reward for inventor employees
There is a lack of consistency in reward and recognition for employees who invent patentable innovations, according to research by law firm CMS.Its pan-European survey Employee inventor rewards also found:57% of respondents offer a financial reward upon the granting of patents.50% of respondents reward inventors upon the initial disclosure of ...
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Bwin.Party and Merlin shortlisted for global benefits
Bwin.Party and Merlin Entertainments are among the employers that have been shortlisted for the award ‘Best international benefits’ at the Employee Benefits Awards 2013.This award focuses on employers that have used their global reward strategy effectively to help drive business goals.The full category shortlist is:Bwin.Party Digital Entertainment - Just.rewards (entered ...
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Aon Hewitt appoints new head of public sector benefits consultancy
Consultancy Aon Hewitt has appointed Karen McWilliam the new head of its public sector benefits consultancy.McWilliam will lead the team which provides advice and guidance on governance, administration and communications, including auto-enrolment and the taxation of pension benefits, and works closely with Aon Hewitt’s actuarial and investment consultants. McWilliam has ...
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ArticleFTSE-350 pension deficits hit £100 billion
FTSE-350 pension deficits rose above £100 billion over April 2013, according to research by consultancy Mercer.Its Pensions risk survey, which collected data from 320 UK pension schemes, revealed that the estimated aggregate IAS19 deficit for FTSE-350 defined benefit (DB) pension schemesstood at £108bn at 30 April 2013, compared to a ...
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Call for government to reduce tax on private health benefits
EXCLUSIVE: Health and protection consultant Punter Southall Health and Protection Consulting (PSHPC) has called on the government to reduce tax on health benefits.It comes during Cancer Prevention Week, which runs from 13 to 19 May.PSHPC argued that if the government created more employer incentives to provide relevant support for employees ...
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Simply Business integrates HR and payroll systems
Insurance broker Simply Business has integrated its HR and payroll systems following a period of growth.It will use ADP’s HR.net and Freedom systems.Simply Business has more than 200 employees based at its headquarters in London and its Northampton contact centre.Sarah Bowerman, head of people engagement at Simply Business, said: “We ...
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Labour calls for pension savers to be put first
The Labour Party has called on pensions organisations to be forced to put the interests of savers first.The shadow pensions minister, Gregg McClymont (pictured), argued in a pamphlet published by the Fabian Society, for more occupational pension funds to be run by trustees, with a fiduciary obligation to put the ...