All Employee Benefits articles in Web Issue – Page 655
-
Article
DebbieLovewell: Early pension saving is vital
This was closely followed, fairly sensibly I thought, with saving for a property deposit. Pensions and the need to save for retirement didn’t even cross my mind.Maybe if I’d been faced with some of the cold, hard figures spelling out what a difference beginning to save early could make, it ...
-
Article
Focus on retirement education for staff
The vast majority (91%) of respondents to the Money Advice Service’s (MAS) The financial capability of the UK report, published in August, believe it is best for individuals to start saving into a pension in their 20s. However, only 28% of respondents currently do so.Close Brothers’ inaugural Trends in wealth ...
-
AnalysisHow to measure the impact of financial education programmes
If you read nothing else, read this:Ongoing development modules can help employers track the effectiveness of a financial education programme.Financial education can help to combat staff absenteeism and boost productivity.An employer must support a financial education programme to ensure its success.In its Rethink Retirement survey, published in December 2012, financial ...
-
Opinion
Pádraig Floyd: The impact of financial education
After all, most people are interested in money. We all need it to survive, we like a little extra for creature comforts, and some of us are positively motivated by it. Yet no one teaches us how to go about acquiring it, and especially holding on to it.The trouble is, ...
-
Analysis
Quirky schemes to help employees save
If you read nothing else, read this…Employers are creating more innovative savings schemes for staff.Existing funds help employees to save for their first home, holidays and school fees.Successful take-up relies on a robust financial education programme.Life has never been more challenging for Generation Y. UK unemployment may have fallen by ...
-
Analysis
Five top tips for getting the most from a group risk provider
If you read nothing else, read this …It is important to check out the insurance extras offered by group risk providers.Employers should question providers about the group risk market and what additional benefits may be available to them.Industry changes, such as pensions auto-enrolment, can present an opportunity to review a ...
-
Analysis
How popular are pension scheme guarantees?
If you read nothing else, read this…The government is seeking a pensions landscape that shares investment and outcome risk between employers and employees.Pension scheme guarantees are one proposed remedy.Critics are wary about reintroducing guarantees.But now the pensions industry consensus is that the pendulum has swung too far, and that employees ...
-
Article
Debi O'Donovan: Low pay increases driven by global market
Given that this is well below inflation (the Consumer Price Index was 2.8% in July), it is not just those out of work who are feeling economic pain. Many in work are, too.In the past month, Employee Benefits has reported on a number of strikes and threats of industrial action, ...
-
Article
Employee benefits tax recommendations may never be implemented
The Office of Tax Simplification (OTS) published an interim report last month as part of its review of the tax rules around employee benefits and expenses.The overall aim of the review, which was announced in January 2013, is to look at opportunities for simplification.The first stage of the review, which ...
-
Case Studies
RSA involves staff in benefits to boost take up
Ed Airey, UK reward manager, says the journey reflects the organisation’s progression from providing a benefits package that is just there for staff to find, and if they find it, then they use it, to one that better understands what employees want.“Also, it is understanding better some of our different ...
-
AnalysisHow employers can link benefits strategy to employees' needs
If you read nothing else, read this…Most employers do not ask their employees about their benefits needs.Employees often do not understand their own needs.Social media is a powerful tool with which to identify employees’ needs. Nick Throp, co-founder of Like Minds, says: “Employers tend to look at indicators like benefits ...
-
Article
Duncan Brown: Good economic growth via staff management
But in a thought-provoking article published on 25 July, City AM’s editor, Allister Heath, questions the nature and sustainability of this recovery and says: “We must urgently improve the quality of our economic growth.”After the last four years, any growth might seem ‘good’.But Heath perceptively distinguishes between ‘good’, sustainable, long-term ...
-
Article
Join high and low pay debates at Employee Benefits Live
Interactive debates on each day of Employee Benefits Live will encourage HR, and compensation and benefits professionals to take a stronger lead on high and low pay in the UK.The interactive debates, chaired by Debi O’Donovan, editor of Employee Benefits, will comprise a series of short presentations from industry experts, ...
-
Opinion
Catherine Park: How to involve staff in benefits
These should be based on employee research to enable employers to find out what benefits their staff value. Employee surveys can help identify these preferences, but is important for employers not to rely on just one method of communication, such as email surveys, because a proportion of staff will not ...
-
ArticleEmployers focus on aligning global benefits
Distillery William Grant and Sons is in the process of aligning its payroll systems across Australia, Asia and Europe. National Grid has launched an international recognition scheme for its 15,000 UK and US employees. And HSBC will introduce a new all-employee international share scheme later this year.While some benefits lend ...
-
Article
Standard Life and Barnett Waddingham partner on auto-enrolment
Barnett Waddingham has partnered with Standard Life to develop auto-enrolment services for small and medium-sized enterprises (SMEs) with staging dates commencing in early 2014.According to the Department for Business Innvovation and Skills, it is estimated there are more than 30,000 organisations with workforces between 50-250 employees that will need to ...
-
Article
Retirement savers could be worse off with single-tier pension
The majority of people currently entitled to the state second pension will receive less when they retire as a result of the scheme being replaced by the new single-tier state pension, according to research by the Trades Union Congress (TUC).Its analysis modeled what the projected retirement incomes of people currently ...
-
Article
Stress causes ill-health in older staff
Older employees are most prone to experiencing health problems as a result of work-related stress and weight gain, according to research by Canada Life Group Insurance.Its research, which questioned 1,051 employee between June and July 2013, also found that:40% of respondents in their twenties cited their job as a cause ...
-
Article85% saw pension costs rise post auto-enrolment
More than three-quarters of respondents (85%) saw some level of pension cost rise in relation to auto-enrolment, according to the Employee Benefits/Capita Pensions Research 2013.(This does not include respondents that have not calculated costs or those that do not know).However, the research, which was conducted among 370 HR and benefits ...
-
Article
Hogg Robinson offers PeopleValue Advantage staff discount scheme
This article has been supplied by our channel sponsor, PeopleValue.Company backgroundHogg Robinson Group (HRG) has a long and prestigious history; established in 1845, it operates from headquarters in Basingstoke, Hampshire, UK. Its interests include owned or controlled corporate travel services operations in 25 key driver/growth markets throughout North America, Europe ...