All Employee Benefits articles in Web Issue – Page 677
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Article
Employee Benefits magazine - November 2013
Mitie Group has worked hard to overcome benefits challenges posed by its move to an integrated management model. Find out how it did it in United Effort.Maintaining staff motivation during times of significant change can be tricky. Learn how to keep staff engaged throughout in Different Horizons.Read the Employee Benefits ...
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Article
Debi O’Donovan: Keeping up with a changing benefits market
The reason I find this notable, over and above the rising number of product launches from bigger, established companies, is because it shows the dynamism that has been entering our market over the past six to 10 months.I get the feeling we are seeing a tangible change in the way ...
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Article
Keynote speakers inspired at Employee Benefits Live
During two packed days of top-level conference sessions, numerous leading employers and industry experts shared their experiences and expertise on a wide range of topics from pensions auto-enrolment, healthcare and wellbeing, flexible benefits and tax-efficient benefits to name but a few.Closing the first day of the conference, seven previous Employee ...
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Article
Aon Hewitt appoints Stephen Hackett head of health and risk
Aon Hewitt has appointed Stephen Hackett (pictured) head of health and risk.In his new role, he will advise employers on how to assess and address the costs of ill health on their businesses and developing an effective employee risk management strategy.Hackett has nearly 30 years’ experience in health, wellbeing and ...
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Article
Average salary up by 0.6%
The average advertised annual salary grew 0.6% between August and September 2013, to £34,005, the second consecutive monthly rise, according to research by Adzuna.co.uk.However, its UK Job market report found that the average advertised annual salary is 0.3% lower than in September 2012.In real terms, pay has fallen £1,020 in ...
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Article
Multinationals unprepared for expatriate tax and payroll issues
Multinational employers do not have the adequate procedures in place to track tax, payroll and immigration issues for employees on formal or informal overseas assignments, according to research by EY.Its Your talent in motion: global mobility effectiveness survey 2013, which questioned 264 senior global mobility professionals, found that, despite this, ...
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Article
JLT to implement new management structure
JLT Employee Benefits is to implement a new management structure, which focuses on developing closer direct relationships with its employer clients.Under the new structure, which will take effect on 1 January 2014, Malcolm Reynolds, managing director, will be responsible for existing relationships with employers across key products and services, including ...
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Article
Pension Protection Fund reports £1.8bn surplus
The Pension Protection Fund (PPF) has reported a surplus of £1.8 billion in its 2012/13 annual report.It also stated the probability of meeting its long-term funding target by 2030 has increased to 87%, an increased from 84% at 31 March 2012.According to the PPF report, its performance owed much to ...
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ArticleLess than 25% have received incentives in past two years
Less than a quarter of respondents have received a reward or incentive from their employer in the past two years, according to research by global payments organisation Ixaris.Its 2013 Study of rewards and incentives, which surveyed 4,800 employees in the UK, US, Canada, France and Germany, found that more than ...
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Article
Lorica adds master trust to auto-enrolment product
EXCLUSIVE: Lorica Employee Benefits has partnered Now: Pensions to add a master trust to its integrated auto-enrolment and pensions product, Littleblue.Littleblue, which also includes a group personal pension (GPP) plan, is designed to suit employers with between five and 250 employees, but can be used by both larger and smaller ...
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Article
Innocent Drinks staff share £19m bonus payout
Innocent Drinks employees have received a £19 million payout from a long-term bonus share plan following the organisation’s acquisition by Coca-Cola in April.Around 250 staff have benefited from Coca-Cola’s increased investment in the organisation.The drinks organisation agreed a deal with Coca-Cola in the spring, which followed its initial investment in ...
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Article
Enhanced redundancy payments for older workers not discriminatory
The judgement, on 11 October, relates to the case earlier this year of Romily Lockwood v Department of Work and Pensions (DWP) and Cabinet Office in which the former administrative officer for the DWP claimed that the voluntary redundancy scheme offered by the organisation discriminated against her because of her ...
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Article
FTSE 350 pension deficit decreases
The pension deficits of the FTSE 350 reduced from £115 billion at 31 July 2012 to £58 billion at 31 July 2013, while aggregate market caps increased from £1,800 billion to £2,100 billion over the same period, according to research by Hymans Robertson.Its annual FTSE 350 pensions analysis report found ...
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Article
Lloyd’s Superannuation Fund insures DB pension
The Lloyd’s Superannuation Fund (LSF) has concluded a pension insurance buyout for its defined benefit (DB) pension scheme.The transaction, in conjunction with provider Pension Insurance Corporation, covers £40 million of pension liabilities.The LSF is a multi-employer pension scheme that was established in 1929.Its members are employees and former employees of ...
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Article65% of HR professionals feel their pay and bonuses are fair
Nearly two-thirds (65%) of HR professionals are certain that their overall remuneration package is fair considering current market conditions, according to research by recruitment organisation Carlton Senior Appointments.However, its Salaries and bonuses: a comprehensive review, human resources research, which surveyed 140 HR professionals, found that less than half (43%) of ...
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Article
Goldman Sachs looks to work-life balance
Goldman Sachs has eased working conditions for its junior investment banking staff by discouraging them from working long hours and at weekends.The investment bank’s move is aimed at changing its culture to retain younger employees. David Solomon, co-head of the investment banking division at Goldman Sachs, said: “The goal is ...
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Opinion
Rachel Dineley: Employers' legal duties around cancer
At all times, employers should avoid making any assumptions with respect either to a particular type of cancer or to how any particular employee will cope with it. Without invading an employee’s privacy, it is usually both practical and appropriate for an employer to discuss in confidence how a [recruitment] ...
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ArticleLow pay tops reasons for unhappiness at work
The key sources of workplace unhappiness are low pay (36%), little or no variety in job role (25%) and unpaid overtime (22%), according to research by workforce management organisation Kronos.The Forgotten Workforce survey, which questioned more than 2,500 employees, found that feelings about low pay vary by sector, with 42% ...
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Article
Court blocks offshore bonus tax avoidance scheme
A £31 million offshore bonus tax avoidance scheme operated by Aberdeen Asset Management has been shut down by a Scottish court.The FTSE 100-listed fund manager paid senior employees and directors bonuses free of income tax and national insurance contributions (NICs), between 2000 and 2003, using an employee benefits trust (EBT).The ...
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Article
Online flexible benefits on the rise in legal sector
EXCLUSIVE: More than a quarter (26%) of respondents offer online flexible benefits schemes, up from 15% in 2011, according to research by employee benefits organisation Portus Consulting.Its HR in law employee benefits survey 2013, which took data from 122 legal firms, found that, among the top 100 law firms, the ...