All Employee Benefits articles in Web Issue – Page 642
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Article
Top 10 most read stories this week
1. EXCLUSIVE: Coca-Cola sees 12% auto-enrolment opt-out2. Asda staff to share £61.7m sharesave payout3. Nest restrictions to be lifted in 20174. EXCLUSIVE: Most common health benefits offered to expats5. Royal Mail staff set to receive £2,000 share payout6. Cass Business School research: Lack of benefits communications costs UK £2.7bn7. EMI ...
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Article
DOD's blog: Fight back if pay decisions will lead to trouble
It is not often you see an HR director on BBC News at Ten talking about pay.So I took special notice when Lucy Adams, HR director at the BBC, popped up on my TV screen on Wednesday night.She was filmed appearing in front of the Commons spending watchdog, the public ...
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Article
Songs of soap opera
Something for the weekend…What better way to get together with your fellow employees in the summer months than to start a choir?The cast and crew of popular TV soap opera Coronation Street have done just that.The sing-alongs, which cost £3 a head and are provided by Voiceability, could be a ...
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Article
EU CEOs' base salaries stand at £1.14m
The median base salary of chief executive officers (CEOs) across Europe is €1.325 (£1.14) million, according to research by Fit Remuneration Consultants.Its survey, which examined pay practices within the FTSE Eurotop 100 (the 100 largest European employers by market capitalisation), found that 45% of CEOs in this group received no ...
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ArticleGlobal pay budgets decline
Year-on-year salary budgets declined in the vast majority of countries surveyed, including the UK, according to research by WorldatWork.The WorldatWork 2013-2014 Salary budget survey, which had 5,027 responses from 17 countries representing nearly 15 million employees, found that the US was the only country with an actual increase in salary ...
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Article
OFT publishes progress update on DC pensions market
The Office of Fair Trading (OFT) has published a progress update on its study into the defined contribution (DC) pensions market.It has collected and reviewed evidence on the sector, and will next explore certain issues that have arisen during the evidence review so far.On the basis of the work it ...
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ArticleGovernment needs holistic view of retirement
There is no over-arching programme or single accountability for encouraging people to save for retirement, according to a report by the National Audit Office (NAO).Its Government interventions to support future retirement income report highlights the significant consequences for the taxpayer as people live longer, spend longer in retirement, and have ...
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Article
TPR publishes code on trust-based DC pensions
The Pensions Regulator (TPR) has published a revised code of practice on trust-based defined contribution (DC) pension schemes.The code, which sets out practical guidance to help trustees meet the legislative requirements for running trust-based DC schemes, has been laid before Parliament and the Northern Ireland Assembly.It is expected to come ...
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Article
Tim Thomas: How do you get staff to understand how much to save for retirement?
Many employees already have the opportunity to join a workplace pension, but have chosen not to do so, and confidence in pensions still remains far below where it needs to be. Times may be tough, and the decision to maximise take-home income is the right one. The case then needs ...
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Analysis
Interview with Anne Teggart, European compensation and benefits lead, Sapient
A surge in staff awareness about the benefits available to them at global services business Sapient is the greatest career achievement to date for the organisation’s European compensation and benefits lead, Anne Teggart.Teggart, who joined Sapient in June 2010, has worked hard to boost employees’ understanding and take-up of perks, ...
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Article
Craig Berry: How do you get staff to understand how much to save for retirement?
But moralising about under-saving by individuals at a time of wage stagnation and with an economic policy agenda dependent on higher consumer spending, is not an effective way to prompt higher pension contributions.It is absolutely right that the pensions system is now based on inertia rather than engagement. Auto-enrolment is ...
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Article
Royal British Legion extends eyecare scheme
The Royal British Legion Industries (RBLI) is extending its eyecare voucher offering to qualifying members of staff in its sign manufacturing and wood fabrication factories.The vouchers, provided by Specsavers Corporate Eyecare, will also be offered, free of charge, to all ex-military personnel associated with the charity’s work in Aylesford, Kent.Geri ...
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Article
Tax relief does not encourage pension saving
Pensions tax relief does little to encourage pension saving, particularly among low and medium earners, according to a report by the Pensions Policy Institute (PPI).The report, Tax relief for pension saving in the UK, which has been sponsored by Age UK, the Institute and Faculty of Actuaries, Partnership and the ...
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Article
Majority of new jobs are low paid
Nearly 80% of net job creation since June 2010 has taken place in industries where the average wage is less than £7.95 an hour, according to research by the Trades Union Congress (TUC).The UK’s low pay recovery research found that, of the 598,000 net rise in new jobs across high ...
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Article
BITC enhances engagement and wellbeing guidelines
Business in the Community (BITC) has launched a new version of its public reporting guidelines on employee engagement and wellbeing.The guidelines, which were first launched in May 2011 to help organisations implement consistent reporting on employee engagement and wellbeing, now also include detail informed by the expectations of the investor ...
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ArticleUK tops millionaire bankers league table
There are more than 2,000 millionaire bankers in the UK, according to research by the European Banking Authority (EBA).Its High earners 2010 and 2011 data, which looked at the remuneration of European Union (EU) bank staff who received €1 million [£865,260] or more in total in 2010 and 2011, found ...
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Article
EAP market grows by 69% in five years
The employee assistance programme (EAP) market has grown by 69% since 2008, according to a report by the UK Employee Assistance Professionals Association (UK EAPA).Its first EAP Market watch report, which reviews the reach and coverage of EAPs in the UK, found that the EAP sector is worth £69.13 million ...
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Article
ISS uses Nest to comply with auto-enrolment
Employment business ISS has launched the National Employment Savings Trust (Nest) to comply with its auto-enrolment duties.From 1 July, all eligible employees had 1% of salary deducted, which ISS matched. In line with auto-enrolment legislation, employees’ pension contributions will rise to 3% of salary by 2017 with ISS adding another ...
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Supplier article
Interactive - Most talked about news
The Independent Parliamentary Standards Authority (IPSA) has called for MPs’ pay to rise to £74,000 in 2015. It has also launched a consultation, which closes in October 2013, on MPs’ pay and pensions.MPs should receive the same treatment as other public sector workers. Four years without a pay rise, followed ...
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Supplier article
Interactive - The month in numbers
The month in numbers …31% of respondents pay pension contributions above the minimum regulatory requirement.600 HSBC employees are benefits champions.47% of UK adults use their personal devices for work purposes.