All Employee Benefits articles in Web Issue – Page 649
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Opinion
John Chilman: How can employers see a return from pensions?
It’s sad, as a pensions manager, that inertia is the main thing responsible for the boom in pension savings, but ultimately inevitable, when the engaged have already joined or taken the active decision to opt out.So now we’re faced with the challenge of articulating the value of a benefit to ...
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Opinion
Rachel Brougham: Employers need to consider auto-enrolment costs
If these are not available, employers will start to incur costs in cleaning up their data and deciding what contributions to pay. But, as so many commentators have pointed out, auto-enrolment is not just a pensions problem.For example, Whitbread recently reported having spent more than £1 million on implementation alone. ...
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Opinion
Robin Hames: Learning from auto-enrolment experience
Auto-enrolment, unsurprisingly, featured prominently in the Employee Benefits/Capita Pensions Research 2013.But the big difference this year is that there is now a significant split in respondents: about one-third of respondents have now hit their auto-enrolment date, with two-thirds still awaiting their step into the new world.So, those waiting to take ...
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Supplier article
The top 10 most visited stories on the website this month
1. EXCLUSIVE: Most common causes of sickness absence2. Auto-enrolment prompts employers to review their benefits offering3. EXCLUSIVE: Most common sickness absence strategies4. EXCLUSIVE: SAP to outsource benefits system ahead of auto-enrolment5. EXCLUSIVE: Coca-Cola sees 12% auto-enrolment opt-out6. Top tips for communicating flexible benefits7. How employers can promote heart health in ...
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Analysis
Andrew Woolnough: Benefits that drive staff engagement
Aon Hewitt’s latest Global Engagement Trends report revealed that pay, the extent to which employees believe they are fairly paid for their contribution to an organisation’s performance, is the third most important driver of employee engagement. In traditional engagement research, pay is often thought of as a hygiene factor. This ...
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ArticleThree-quarters of employers using certification for contributions
Most respondents that have auto-enrolled their staff used the option to self-certify to simplify the calculation of pension contributions, according to Employee Benefits/Capita Pensions Research 2013.The research, which surveyed 370 HR and benefits managers, found that 73% of respondents are using this option.Certification rules state that instead of having to ...
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Article
Standard Life partners LEBC for SME auto-enrolment
Standard Life has partnered LEBC to provide a packaged auto-enrolment product to LEBC’s small and medium-sized employer clients. The package includes:Access to online resources for employers to administer their scheme and for employees to join and manage their pension.A suite of member communications to help promote the benefits of the ...
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Article
TPR investigating 89 employers for auto-enrolment non-compliance
The Pensions Regulator (TPR) has opened 89 investigations into possible non-compliance of auto-enrolment by large employers.Its Automatic-enrolment: Commentary and analysis report includes information on the first six months of auto-enrolment, between October 2012 to the end of March 2013.The investigations, which numbered 89 at 31 March 2013, are focused on ...
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Article
UPS staff donated 1.8m volunteer hours in 2012
UPS employees donated a record 1.8 million volunteer hours in 2012.According to the global logistics organisation’s Corporate sustainability report 2012, which was published in July, employee volunteers logged 309,520 hours in October 2012 during Global Volunteer Month, which took the year’s total number of volunteer hours to a new record ...
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Article
DOD’s blog: how auto-enrolment strategies are shaping up
This week Employee Benefits published a major piece of research into what employers have done with their auto-enrolment strategies to date.The Employee Benefits/Capita Pensions Research 2013 drew responses from 370 employers, 31% of which have gone through auto-enrolment.At a point in time when we are beginning to see pension suppliers ...
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Article
Top ten most read stories this week
HSBC implements new all-employee benefits strategyRoyal Mail privatisation is landmark for employee ownershipEmployers must take care on pay promisesJP Morgan increases mortgage adviceReward’s role in building trustChurch of England to investigate pension fundLeasePlan updates company car tax guideDuncan Brown: Engagement through reward: impossible or essentialSSE receives 3,000 requests for salary ...
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Article
Gold, always believe in your weight-loss goals
Something for the weekend…Dust off those Spandau Ballet vinyls, plunder Fort Knox and pull out those gold fillings, because the precious metal may help to fight obesity.At least, that is, according to a new health scheme that has been launched in the oil-rich emirate of Dubai.The Your weight in gold ...
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Article
Love2reward launches new voluntary benefits product
Love2reward has launched a new voluntary benefits platform that aims to help employees make savings on everyday expenses.The scheme, Everyday Benefits, was developed after the provider researched what employers and their employees were looking for in a voluntary benefits package.Its findings highlighted discounts on supermarket shopping, meals out and high-street ...
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Article
Saving for retirement not a priority
Only 10% of respondents said saving for retirement is a priority and just 2% prioritise saving into a pension, according to research by Capita Employee Benefits.The research, which surveyed 3,000 employees through Research Now, found that Britons are prioritising day-to-day living costs (46%), repaying debt (32%), saving for a holiday ...
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Article
DWP publishes final proposals on pension disclosure rules
The Department for Work and Pensions (DWP) has published its final proposals around the disclosure of information for workplace and personal pension schemes.The occupational and personal pension schemes (disclosure of information) regulations 2013 report presents an analysis of the responses to the DWP’s consultation, which was open between February and ...
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Article
Man City FC to launch recognition programme
EXCLUSIVE: Manchester City Football Club is to roll out a recognition scheme in October, which will align with a new framework of values it has developed.The three values, which will be known collectively as City Spirit, are Involving, Game-changing and Driving.The football club’s 380 employees will be able to nominate ...
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Article
Almost half of employers had auto-enrolment opt-out rates below 10%
Of those employers that have auto-enrolled staff into a workplace pension and have calculated their opt-out rate, more than half (56%) found that less than 10% of their staff opted out of their pension plan.No respondents to the Employee Benefits/Capita Pensions Research 2013 had an opt-out rate higher than 29%.However, ...
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Article
Royal Mail offers eye screening for staff
Royal Mail has offered an eye-screening programme to employees at its Southampton Mail Centre.The aim of the event, which tested the vision of 500 staff, was to encourage non-desk-based employees to get their eyesight tested and to be referred to a qualified optician for a full eye exam. Some of ...
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ArticleFirst auto-enrollers less likely to wait for staging date
The first organisations to auto-enrol staff were more likely to do so before their staging date than those that have still to do so, according to the Employee Benefits/Capita Pensions Research 2013.The research, which surveyed 370 HR and benefits professionals, found that just over half (53%) of those that have ...
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Case Studies
Case study: Astellas staff walk to improve health
Since 2010, the organisation has taken part in the Global Corporate Challenge (GCC) wellbeing initiative, which measures participants’ daily activity levels through the number of steps they take, promoting a goal of 10,000 steps a day.From 2010 to 2013, the number of Astellas employees that took part in the GCC ...