All Employee Benefits articles in Web Issue – Page 700
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Article
Share scheme limit rise divides opinion
The limits on sharesave schemes will double from £250 to £500 a month, while the maximum value of shares an employee can acquire with tax advantages through share incentive plans (Sips) will increase by £300 a year, to £1,800 for partnership shares and £3,600 for free shares.Phil Hall, specialist adviser ...
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ArticleWorkplace pensions will not meet retirement needs
More than three-quarters (76%) of respondents expect their workplace pension scheme to be their main source of retirement income, but 88% do not believe it will meet their needs, according to research by Barclays Corporate and Employer Solutions (C&ES).Its research, which surveyed 360 UK employees enrolled in a workplace defined ...
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Case StudiesLow-cost benefits help Hertfordshire County Council balance budget
Like many public-sector employers, the council has had to work with limited resources after a number of budget cuts in recent years.This is against the backdrop of an ageing and increasing population in the county with complex needs, which are putting extra demands on the council’s services.Emily Austin, HR pay ...
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OpinionBethany Powell: Employers need transparent reward policies
This is largely driven by three factors: the skills and competencies required for the role; the degree of accountability and impact on the overall performance of the organisation; and the relative supply and demand for the role. Once a market rate of pay is established, organisations will then assess factors ...
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AnalysisHow to motivate lower-paid staff in high-pay cultures
If you read nothing else, read this…Lower-paid staff need to see that high pay is earned.This relies on employers having transparent pay policies.Recognition programmes can help to keep lower-paid staff motivated.The row was fuelled by a job advertisement for a lead kitchen porter at Arsenal’s Emirates Stadium, placed by Arsenal ...
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OpinionSimon Chinnery: The evolution of default funds
There are many different types and designs of default fund, resulting from more than a decade of market developments, but they can be broadly categorised as old style, lifestyle and alternative style. Old-style default funds are often single funds, and the old-style approach has been used for over 20 years, ...
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Article
Debi O’Donovan: 17% gender pay gap for benefits professionals
Read all the detailsI want to flag up two notable results. Firstly, the average basic salary has risen from £48,436 a year in 2009 (when we last ran this survey) to an average of £52,780 now. That is a 9% rise in four years.What is interesting is that the gender ...
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Analysis
Employee Benefits magazine – January 2014
Councils are used to working with limited budgets. This month we explore how Hertfordshire County Council has been juggling limited cash for benefits with the aim of keeping staff happy. Find out how they did it in Taxing strategy (page 46).What happens when there is a huge differential between what ...
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Article
FTSE 350 pension deficit increased in 2013
The accounting deficit of defined benefit (DB) pension schemes for the UK largest 350 companies increased in 2013, according to research by Mercer.Its Pensions risk survey found that the FTSE 350 companies’ deficit stood at £97 billion at 31 December, compared to £72 billion at 31 December 2012.There was an ...
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Article
Hozelock appoints Aon Hewitt to DB pension
Hozelock has appointed Aon Hewitt to provide actuarial, investment and pensions management service to its defined benefit pension scheme.The organisation, which manufactures a range of gardening products, has a pension scheme with assets of around £50 million and around 750 members.Trevor Austin, chairman of the trustees of the Hozelock scheme, ...
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ArticleAverage gender pay gap among HR professionals hits £8,844
The Employee Benefits Salary survey 2014, which questioned 361 employees with responsibility for managing benefits and reward in UK organisations, found that male respondents earn an average basic annual salary of £61,624, compared with female respondents’ average basic annual salary of £52,780. The job title with the most pronounced gender ...
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Article
Employers focus on winter wellbeing
James Dunningham, operations director at Health at Work, said: “This is a good time for employers to take advantage of new year’s resolutions, the general motivation that people feel in January when they step onto the scales, and special offers in the wider community, such as discounted gym memberships and ...
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Article
First Autumn Statement changes take effect
The investment limits for share plans will increase from April 2014. The limits on sharesave schemes will double from £250 to £500 a month, while the maximum value of shares that an employee can acquire with tax advantages through share incentive plans will rise to £1,800 for partnership shares and ...
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Article
A million UK staff donate to charity via payroll giving
More than a million employees donated to charity through a workplace payroll-giving scheme in 2012/13, according to revised figures by HM Revenue and Customs (HMRC).The figures have been revised due to a change in data collection and also in the data systems of some payroll-giving agencies.The figures show that donations ...
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Article
Care UK launches online benefits portal
Care UK has launched an online benefits portal for its 22,000 employees.The portal, which was rolled out in December 2013, aims to ensure the health and social care provider’s benefits package is accessible to all staff, particularly nurses and care workers who do not have regular access to a computer ...
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Opinion
Barbara Allen: The new disclosure regime for executive remuneration
Under the new format, remuneration reports must include a letter from the chairman of the remuneration committee outlining any significant changes during the reporting year, a forward-looking policy report and an annual report on remuneration setting out how the organisation’s remuneration policy was implemented during the year.The policy report, which ...
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AnalysisWhy health cash plans are an integral part of a health and wellbeing strategy
If you read nothing else, read this:Health cash plans can be used to support an employer’s wellbeing strategy.The wide range of healthcare benefits available through a cash plan makes them appeal to all members of a workforce.A cash plan sits well alongside, not in place of, other healthcare benefits such ...
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Article
Chief executives earn workers' annual pay in two days
UK chief executives have already earned more money in 2014 than the average employee will in the whole year, according to research by the High Pay Centre.The independent think-tank’s calculations found that FTSE 100 bosses surpassed the UK average salary of £26,500 by mid-morning on 8 January, which it has ...
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Article
JP Morgan benchmarks perks with awards win
Adam Brooke, employee benefits manager (UK) at JP Morgan, explains what it means to win an Employee Benefits award.JP Morgan won ‘Best benefits communications, large employer’ at the Employee Benefits Awards 2013.1. What has winning an Employee Benefits’ award meant to you and to your team?It was so exciting and ...
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Article2-3% pay rises most common among HR professionals
Pay rises in this percentage bracket were most common among the 238 respondents who received a pay rise in the last year. The Employee Benefits Salary survey 2014, which questioned 361 employees with responsibility for managing benefits and reward in UK organisations, also found that one in six (16%) received ...