All Employee Benefits articles in Web Issue – Page 654
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Article
No correlation between pride and pay
There is no correlation between professional pride and pay, ,according to research by recruitment firm Randstad Financial and Professional.The research, which surveyed more than 2,000 employees across 20 different sectors, found that insurance professionals, who have the most professional pride of any UK sector, receive a higher-than-average salary of £639.50 ...
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Article
Mitie Group hosts onsite relaxation massages
EXCLUSIVE: Mitie Group has hosted its monthly onsite massage for employees at its 24seven call centres.The onsite massage, which was introduced at its Bristol office two years ago and at its Leeds office in August 2012, is aimed at ensuring the phone operatives in its 24seven division take breaks to ...
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Article
UK gender pay gap among the highest internationally
The UK gender pay gap is among the highest among 20 industrially developed countries, according to research by Warwick Business School, the University of Cambridge and Lakehead University in Canada.The report,The dimensions of occupational gender segregation in industrial countries, which was published in the journal Sociology, compared the degree to ...
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Article
Top ten most read stories this week
Royal Mail managers vote against pension proposalSerco staff to strike over pay and conditionsEmployers should prepare early for auto-enrolmentFormer Co-op employees fight for bonuses Aon Hewitt appoints Mark BloodworthBirmingham Council staff save 187,000 via discounts planLorica to launch financial management productWhere does employee recognition fit into a development review?Employers want ...
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Article
Mummy's Moroccan mishap
Something for the weekend…Supporting employees with childcare, particularly in an emergency, is a perennial consideration for employers.Those that may have been tempted to save money in this area, however, may be deterred after a recent incident on Morroccan television when an employee brought their child into work.Lena Alwash, a presenter ...
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Article
DOD’s blog: Why I’ll be on my bike on 12 September
I want as many other commuters as possible to discover the joys of cycling to work.Too often we hear only the horror stories. Sadly, these are extremely important cautions that need to be noted and learnt from by cyclists, drivers and city planners, all of whom are culpable in some ...
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Analysis
Karen Gaynor: Total reward and the employer value proposition
Karen Gaynor (pictured), head of reward, UK and north-west Europe at Siemens will speak at Employee Benefits Live on 25 September about total reward and the employer value proposition.Employee Benefits asked her a few key questions:1. What has been your biggest challenge in 2013? The readiness for auto-enrolment has taken ...
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Article
Government to name below-minimum-wage payers
Employers that fail to pay the national minimum wage (NMW) are to be publicly named and shamed from October 2013.The government’s announcement is part of its efforts to toughen up enforcement of the NMW and increase compliance.Under the original NMW naming scheme, employers had to meet one of seven criteria ...
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Article
John Lewis to repay £40m of holiday pay
The John Lewis Partnership is to spend £40 million compensating employees who were accidentally paid incorrectly and did not receive certain additions to pay, such as premiums for Sunday and bank holiday work.The organisation will make one-off additional payments to 69,000 affected employees dating back to 2006.The amount will vary ...
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ArticleEarly stagers planned for auto-enrolment earlier
Employers that still have to auto-enrol their staff have started planning for the process later than those that have already auto-enrolled their workforce, according to the Employee Benefits/Capita Pensions Research 2013.The research, which surveyed 370 HR and benefits managers, found that 62% of employers that have auto-enrolled staff began planning ...
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Article
Buyer's guide to health cash plans 2013
What are health cash plans?Health cash plans are designed to cover everyday healthcare costs such as a trip to the dentist; a new pair of glasses; or a session with a physiotherapist. Once a policyholder has received treatment covered by their plan they claim back the money from the cash ...
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AnalysisWorkplace savings report – September 2013
It includes the following articles:Padraig Floyd: The impact of financial educationHow to measure the impact of financial education programmesQuirky schemes to help employees saveFinmeccanica offers staff award-winning pension investment choicesHow popular are pension scheme guarantees?Read more articles around workplace savings
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AnalysisWhat employers need to know about DC governance post auto-enrolment
If you read nothing else, read this …A good starting point from which to consider a high-quality, long-term DC pension is The Pensions Regulator’s Six principles for good workplace DC.Employers should consider setting up a governance committee to monitor the scheme.It is important for employers to keep track of opt-outs, ...
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Case StudiesFinmeccanica offers staff award-winning pension investment choices
In 2007, it introduced a new trust-based defined contribution (DC) scheme, FuturePlanner, for its UK staff who were joining a pension scheme for the first time.It also runs two defined benefit (DB) schemes, which are now closed to new members but open to future accrual, and wanted to bring in ...
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Article
Top discussions from the Employee Benefits LinkedIn group
How do you use social media?I really like [the] Twitter trend #ShorterHR. The idea is to write HR policy in 140 characters or less. Below are some of the best examples, together with a number of my own contributions. This exercise also has a serious point. It would be a ...
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Opinion
Stephen Bevan: Under-pressure staff need employers’ support
With real wages almost stagnant during the downturn and with inflation, job loss and job insecurity eating into disposable income and financial stability, the time to step up employer support for financially strapped employees is long overdue.We see in our research the serious effects of money worries on employee attendance, ...
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Case Studies
Novae Group boosts staff engagement
In 2011, the organisation changed from a trust-based pension to a group personal pension and arranged for all members of the scheme to have one-to-one financial education meetings.John Renz, director of HR, says: “First of all, we wanted to explain the nature of those changes, but also essentially to put ...
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Opinion
Peter Crabtree: Choose right car funding method
While managing cars is likely to be a pain, it’s a highly valued benefit for staff. So how do employers minimise costs while also providing employees with cars they want and value?There are many options available to organisations to manage and fund cars. Although contract hire is by far the ...
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AnalysisTop tips for funding a company car fleet
If you read nothing else, read this…Funding a fleet is a complex task and it is worth employers seeking impartial expert advice.There is no best method for funding a fleet; it depends on the employer’s financial situation.Employers should look at funding holistically: how much will fuel and maintenance cost?The questions ...
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Article
Employers will still be involved in childcare voucher provision
Julian Foster, spokesperson at the Childcare Voucher Providers Association (CVPA) and managing director of Computershare Voucher Services, said: “For any employer with an existing childcare voucher scheme, it won’t be taken away when the new scheme is introduced.“Anybody in the existing scheme can continue on the same terms, but the ...