All Employee Benefits articles in Web Issue – Page 638
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Article
Zurich enhances corporate savings website
Zurich has launched a revamped information website for members of its corporate savings schemes.The site is designed to help members save towards their retirement and manage other savings products, such as individual savings accounts (Isas) and investment accounts.It includes videos, calculators, animations, tools and guidance to help members understand the ...
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Article
Current pension system not fit for purpose
Only a fifth (21%) of respondents believe the UK’s current pension system is fit for purpose, and are satisfied with existing defined contribution (DC) and defined benefit (DB) schemes, according to research by Aon Hewitt.Its research, which polled more than 750 employers, looked at the potential impact of the government’s ...
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Article
Doosan to launch online total reward statements
Energy organisation Doosan Power Systems is to launch online total reward statements for its 1,800 permanent UK employees.The statements, which will be launched in September, will replace the paper statements that the employer has issued since 2005.The statements will be hosted and accessed online via Benefex’s RewardHub portal.Nicky McArthur, HR ...
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Article
EDF Energy and HMRC named inclusive employers
EDF Energy and HM Revenue and Customs (HMRC) were awarded for their equality and inclusion policies at the Employers Network for Equality and Inclusion (ENEI) Awards on 17 July.The two organisations were awarded top honours for the private sector and public sector, respectively, while housing association Amicus Horizon was named ...
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Article
Employers do not see need to invest in retirement education
Almost three-quarters (72%) of respondents do not see the need to invest in retirement education for employees, according to research by Jelf Employee Benefits.Its research, which questioned 124 employers, found that only 28% of respondents think that the removal of the default retirement age (DRA) will lead to an increased ...
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Article
Employer-paid PMI on the increase
The use of employer-paid private medical insurance (PMI) policies in the UK increased by 2% to 2.98 million in 2012, according to research by healthcare intelligence provider Laing and Buisson.Its Health cover UK market report 2013 found that, of the 58,500 additional company-paid policies, 35,700 were self-insured by employers and ...
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Article
Third of respondents unaware of employer's sick pay policy
Nearly 30% of respondents had no idea what their employer will pay them if they have to take sick leave, according to analysis by not-for-profit insurer PG Mutual.The research, which analysed the previously unpublished Pharmacists’ Defence Association (PDA) Survey 2012, which questioned 830 PDA members, found that UK employees are ...
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Article
Tayto Group launches fleet management system
Tayto Group has launched a tracking, performance monitoring and fuel management system across its 117-strong company car fleet.The system, which is provided by TomTom, adds improved visibility for the snack manufacturer’s mobile team of sales, management and distribution staff.The system enables information about how cars are driven to be collated ...
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Article
William Grant funds pay rises with PMI savings
EXCLUSIVE: William Grant and Sons has switched providers of its private medical insurance (PMI) scheme and made adjustments to the new scheme to produce cost savings which it will use to give higher pay rises to its UK staff.The whisky distiller chose to enter into a tender process to switch ...
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Article
Your Housing Group launches salary sacrifice car scheme
Your Housing Group has introduced a salary sacrifice car scheme for all of its permanent employees.The tax-efficient scheme, provided by Lex Autolease, gives the social housing association’s employees the opportunity to add up to two additional drivers to the scheme.The monthly cost covers all normal running costs, such as insurance, ...
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Article
HCML launches mental health intervention product
Rehabilitation and case management provider Health and Case Management (HCML) has launched a professional case management product to combat workplace absence and reduced productivity caused by mental health issues.It’s The Time To Talk service aims to manage employees’ recovery with intensive intervention to help them stay at, or return to, ...
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Article
Trust is key to wellbeing and performance in workplace
Trust in the workplace is the key to the wellbeing of employees and the performance of an organisation, according to a report by Working Families and Unum.The report, Trust: the key to building wellbeing and performance in the workplace, which was prepared by charity Working Families and independent consultant Susanne ...
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ArticlePension saving plummets to record low
The proportion of UK employees who are active members of a workplace pension scheme has plummeted to a record low of 46%.This is the lowest level since records began in 1997, according to research by the Office for National Statistics (ONS).The ONS’s Annual survey of hours and earnings research also ...
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Article
Withers raises pensions take up
EXCLUSIVE: Global law firm Withers has increased its pensions take up after introducing an online flexible benefits plan and re-branding the benefits offering for its 370 UK employees in April.Membership of its group personal pension (GPP) scheme has increased to 85%, from 265 members in December 2012 to 308 members ...
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Article
UK salaries dip to November 2012 levels
Salaries in the UK dipped last month to levels last seen in November 2012, according to research by recruitment website Reed.co.uk.The Reed salary index tracks the number of job opportunities and the salaries on offer compared to the previous month and against a baseline of 100 set according to the ...
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Article
Bonuses for managers up in 2013
Bonuses paid to managers in the first months of 2013 comprised around 30% of salary, compared to 21% of salary during the corresponding period in 2012, according to research by Incomes Data Services (IDS).However, its Executive compensation review found, however, that there is a divergence between the increases in bonuses ...
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Article
SMEs are not prepared for auto-enrolment
Nearly two-thirds (60%) of small and medium-sized enterprises (SMEs) surveyed have not budgeted for the additional costs that can be incurred as a result of pensions auto-enrolment, according to research by law firm Irwin Mitchell.Its research, which questioned 257 SMEs, found that nearly 40% of respondents said their payroll system ...
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Case Studies
Stagecoach UK employees benefit from health drive
The voluntary heart health screening project was offered in partnership with independent hospital provider BMI Healthcare.June Ashton, HR manager for the Stagecoach Group’s UK division, says: “Our chief executive, Sir Brian Souter, came up with the idea after speaking to a cardiologist. He personally funded half of the project because ...
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AnalysisHow employers can promote heart health in the workplace
If you read nothing else, read this…Coronary heart disease (CHD) is the UK’s biggest killer, causing 82,000 deaths per year according to the NHS.The number of working age adults living with CHD in the UK is estimated at 800,000.Employers can help to to prevent the causes of heart disease by ...
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Opinion
Dr Yousef Habbab: Manage heart disease from day one
If the employer has an occupational health provision, the employee will be contacted to clarify the clinical picture and the likely impact the condition may have on their employment, in terms of capability to undertake the role and the need for any necessary adjustments.An employer may also become aware of ...