All Employee Benefits articles in Web Issue – Page 652
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Article
ABI launches pensions calculator for employers
The Association of British Insurers (ABI) has launched a pensions calculator designed to help employers select a pension scheme for their employees.The tool enables employers to input pension charges, including active member discounts and initial charges, to obtain a simple analysis of the impact charges will have on employees’ retirement ...
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Article
NHS Trust hosts benefits and wellbeing fairs
York Teaching Hospital NHS Foundation Trust has hosted a series of benefits and wellbeing fairs for employees at two of its hospitals.More than 1,000 employees attended the first fair at York Hospital in June and 400 employees attended the second fair at Scarborough Hospital in July.Benefits featured at the fairs ...
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ArticleEmployers use pension provider to communicate
In the Employee Benefits/Capita Pensions Research 2013, 78% of respondents said they rely on their pension provider to communicate their pension scheme to employees with an annual, paper-based statement sent by post.The research, which was conducted among 370 HR and benefits managers, found that interactive communication is the second most ...
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Article
Pg 14/15: Interactive page: Most talked-about news
Birmingham City Council employees have made savings of £187,000 through the authority’s online employee discounts scheme. The programme, introduced in November 2011, is used by 8,300 of the council’s 48,000 staff.£187,000 sounds great, but that works out to just over £22.50 for each employee actually using the scheme, or less ...
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Article
Pg 14/15: Interactive page: The month in numbers
25% of employers have a comprehensive approach to Christmas incentive programmes (p31).16% of employers now offer financial education to all staff as a core benefit (p42).£180 was the average price paid for a health cash plan in 2012 (p65).
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ArticleAverage weekly earnings up by 1.1%
Average weekly earnings, excluding bonuses, rose by 1.1% between April and June 2013, according to the Office for National Statistics (ONS).Its Labour market statistics, August 2013 revealed that, in cash terms, average weekly earnings, excluding bonus payments and before tax, were £447 in June 2013, up from £443 in June ...
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Article
Cobham enters bulk-annuity contract for DB pension
Aerospace and defence organisation Cobham has entered into a bulk-annuity transaction for its defined benefit (DB) pension scheme.The transaction, with insurer Rothesay Life, covers £280 million of pension liabilities.The policy, which is being held as an investment by the trustees, gives the organisation a secure, low-risk asset with additional protections, ...
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Article
BBC journalists receive £800 pay rise
BBC journalists received an £800 pay rise on 1 August after settling a pay dispute.The dispute was resolved after BBC management agreed to a 1% increase on the level of minimum pay grades or an £800 increase for journalists, whichever was higher.A BBC spokesperson said: “We are pleased to have ...
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Supplier article
Health Shield set to participate in Cash Plan Provider Golf Day
The event will take place at the Forest of Arden golf course and the money raised will be donated to Breast Cancer Care — a charity chosen by Westfield. Each provider was asked to nominate a good cause to play for, with the Association of Medical Insurance Intermediaries’ (AMII’s) chairman, ...
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Article
DOD’s blog: Am I really that out of date?
I am a bit of a fan of the Lucy Kellaway problem column in the Financial Times, but this Wednesday’s one really threw me.Her view was that using an out-of-office autoreply for your emails while away on holiday was “so 1990s”. These days, she explained, you should check your work ...
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Article
Who let the dogs in?
Something for the weekend…What do Pluto, Gnasher, Lassie and Scooby-Doo all have in common? They are all workplace productivity boosters.According to employment services organisation Parasol, our four-legged friends can have a positive impact on an employee’s work.The pooch-loving employer enjoyed its best day of results in four years when bosses ...
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Supplier article
Health Shield delivers strong growth for fourth year, says market research report
The Health Cover UK Market Report 2013 has revealed that the non-profit-making Friendly Society is the fourth-largest health cash plan provider, with 5.5 per cent of the market. It shows that Health Shield’s overall turnover increased by £1m to £27m in 2012, strengthening its position.According to the report, the number ...
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Article
Xactly to partner SAP for incentive compensation product
Xactly Corporation is to partner SAP to launch an integrated incentive compensation management product.The Xactly Incent, a cloud-based incentive compensation management product, will be integrated with SAP’s Cloud for Customer products, which include desktop and mobile products for sales staff.The integrated product aims to help employers maximise their sales effectiveness ...
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Article
Biochemical Society to host onsite massages for staff
EXCLUSIVE: The Biochemical Society will host an onsite massage day for its 70 employees at the end of September.The employer-paid benefit, which is provided by On Site Massage, is offered to employees four times a year. It was launched more than 10 years ago with Indian head massages, while acupressure ...
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ArticleGPP top choice for pension auto-enrolment
Almost two-thirds (63%) of respondents that still need to auto-enrol staff will use a group personal pension (GPP) as their primary scheme for auto-enrolment, according to the Employee Benefits/Capita Pensions Research 2013.The research, which surveyed 370 HR and benefits managers, also found that more than a third (33%) of respondents ...
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Supplier article
Top discussion from the Employee Benefits LinkedIn group
What does your organisation do to make a difference in employees’ lives?Making a difference to employees’ lives with responsive benefits in all their guises must have, as its core model, front-line engagement with the end client: the employee. Understand what would deliver to their priorities and, of course, find a ...
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Article
Aon Hewitt appoints Mark Bloodworth
Aon Hewitt has appointed Mark Bloodworth (pictured) area director for Leeds in its benefits solutions team.Bloodworth has 25 years’ experience in the insurance sector, specialising in aligning employers’ business objectives with their benefits strategy.He was previously a client partner at Capita Employee Benefits, where he led the organisation’s pensions auto-enrolment ...
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Article
EU bonus cap will cause talent exodus
More than nine in 10 (93%) respondents expressed concern about losing talented staff to international opportunities as a result of the EU bankers’ bonus cap, according to research by Robert Half Financial Services.Its research, which surveyed 100 UK executives at financial services firms, found that 38% are ‘very concerned’ and ...
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Article
Serco staff to strike over pay and conditions
Serco employees, who are former members of the Gurkha Regiment, have voted for industrial action over cuts to their pay and conditions.More than 100 members of the union GMB voted in an official ballot to take strike action.The 100 employees are part of a contract, won by Serco in January ...
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ArticleEmployers should prepare early for auto-enrolment
Employers that have yet to auto-enrol staff should start planning as early as possible.More than half (55%) of respondents to the Employee Benefits/Capita Pensions Research 2013 that have already auto-enrolled staff said this would be their top tip for employers that have yet to comply with the reforms.A further 20% ...