All Employee Benefits articles in Web Issue – Page 622
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AnalysisRewards grow for offshore workers
IF YOU READ NOTHING ELSE, READ THIS…Offshore workers are often employed by agencies, so do not necessarily receive the same traditional benefits as permanent workers.Offshore workers are often exempt from the Working Time Directive regulations and usually work a rota of 14-28 days on and 14-28 days off.The average salary ...
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Article
Axa PPP launches healthcare master trust
Axa PPP has launched a healthcare master trust for organisations with a minimum medical benefit spend of around £200,000 a year.The master trust has been supported by external legal advice from Pinsent Masons.Features of the master trust include:Flexible benefit design.Tax efficiency.Flexibility and certainty of financial liability.Reduced administrative burden.James Freeston, sales ...
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Article
Barnett Waddingham appoints Damian Stancombe
Pensions consultant Barnett Waddingham has appointed Damian Stancombe (pictured) as a partner in its employee benefits and defined contribution (DC) team.With 20 years’ experience in the pensions and benefits industry, Stancombe was previously at Punter Southall Group.Over 12 years, he held the roles of head of corporate DC and director ...
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Article
Britain’s employees feel more stressed at work
Britain’s employees are feeling more insecure and pressured at work than at any other time in the past 20 years, according to research by the Institute of Education (IOE) and funded by the Economic and Social Research Council (ESRC) and the UK Commission for Employment and Skills (UKCES).The 2012 Skills ...
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Article
Nest launches auto-enrolment video
The National Employment Savings Trust (Nest) has launched a video to help employees through the auto-enrolment process.Its Going halves video, which aims to help employees understand the importance of employer contributions, went live on Nest’s social media channels on 22 May.The video focuses on a day in the life of ...
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ArticleMost government departments have low payroll-giving take up
Eight out of 15 government departments have less than a 6% take up if in payroll giving among staff, according to research by the Geared for Giving Campaign.The findings, which were obtained via Freedom of Information requests, found that the highest level of payroll giving can be seen in the ...
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Sanctuary Group staff take part in volunteering day
Sanctuary Group staff collectively donated around 85 hours to volunteering on national Give and Gain Day on 17 May.Employees from the housing and care provider took part in a variety of projects, including: repainting a community centre on the Kingsmead Estate in Hackney, London; transforming green areas around the Shiregreen ...
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Article
EBA consults on bankers' bonuses
The European Banking Authority (EBA) has launched a consultation on the technical standards of its bankers’ bonus cap legislation.The EBA’s draft Regulatory Technical Standards, which are intended to help identify material risk takers who will be subject to specific provisions of the capital requirements directive, will apply the bonus cap ...
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Confessions of a benefits manager: Fund of knowledge
I thought I had escaped being a trustee of the pension plan. Recently, Numbers Norman has taken care of all that tedium, but he is on very long jury service and, given my past experience, they want me to take his place.Sigh. Well, I know pensions are a key part ...
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Article
Resource launched to support ageing workforce
The Age Action Alliance’s Healthy Workplaces Group has launched an employer resource to support a healthy and productive ageing workforce.It includes top tips, easy-to-use resources, and practical information and advice for all sizes of organisations.Denise Keating, chief executive of Employers Network for Equality and Inclusion (Enei) and chair of the ...
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Article
Presenteeism fuelling stress in the workplace
Nearly two-thirds (62%) of respondents have attended work while ill in the past three months, according to research by Robertson Cooper.Despite this, its research, from a dataset of more than 54,000 employees, found that UK workplaces do not seem to be recognising or managing this issue.The research, which was last ...
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Employee engagement on the rise across Europe
Employee engagement levels in Europe rose to 57% in 2012, up from 52% in 2011 and 51% in 2010, according to research by Aon Hewitt.Its Global engagement trends report, which surveyed more than 3,500 organisations, representing more than 3.8 million employees, found that the top five drivers of engagement for ...
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Pay budgets expected to increase
More than half (53%) of respondents expect their pay budgets to increase by the end of the year, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Reward management survey 2013, which surveyed senior reward and benefits professionals across 444 private and public sector organisations, found that ...
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Article
Network Rail switches voluntary benefits provider
Network Rail has switched providers for its voluntary benefits programme.From August 2013, the railway organisation will offer its 35,000 UK employees access to an online voluntary benefits platform, provided by Personal Group, which includes access to more than 8,000 retail discounts and shopping vouchers.The majority (23,000) of Network Rail’s UK ...
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Staff celebrate engagement with tattoos
We reported earlier this month that US-based real estate agency Rapid Reality offered employees a 15% pay rise in return for them getting a tattoo of the organisation’s logo.Young, technology workers in Bangalore, India, however, clearly missed this story. These high-fliers tattoo their bodies with their employer’s logo for nothing.The ...
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DOD’s blog: the changing face of expatriates
This week I managed to get myself down to the Totally Expat Show to immerse myself in the world of global mobility managers for a few hours.On Employee Benefits we regularly touch on expatriate benefits, but it is not a key focus (we leave that to our lovely colleagues over ...
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Article
Pension liabilities up more than 60% in five years
UK pension liabilities have increased by more than 60% in five years, according to research by KPMG.The professional services organisation’s 2013 Pensions accounting survey, which had 305 respondents, found that this increase, measured over the period since January 2008, is due primarily to falling yields on AA corporate bonds, which ...
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High levels of pensions auto-enrolment awareness
Almost all (98%) respondents are aware of pensions auto-enrolment, compared to the 20% who said the same in 2011, according to research by the Institute of Directors (IOD).Its research, which surveyed 1,327 IOD members, found that three-fifths (62%) of respondents said they were confident that they were ready to auto-enrol ...
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European Commission drops pension solvency requirements
The European Commission has dropped proposed solvency requirements from an overhauled pensions directive that will be put forward this autumn.The Institutions for Occupational Retirement Provisions directive, which is aimed at improving the governance and transparency of pension schemes in the European Union (EU), will no longer include the issue of ...
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CSC and JP Morgan shortlisted for flexible benefits
CSC, JP Morgan and Santander are among the employers shortlisted for ‘Best flexible benefits plan – large employer’ at the Employee Benefits Awards 2013.For this category, the judges were looking for a successful strategy that has made delivering benefits through a flex plan effective in a large organisation.The full category ...