All Employee Benefits articles in Web Issue – Page 703
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Article
Employers face increased minimum wage penalties
Employers that do not pay employees the national minimum wage will face an increased penalty of up to £20,000.The government is to increase the financial penalty percentage from 50% to 100% of the unpaid wages owed to workers found to be underpaid, plus the penalty fine of up to £20,000.Currently, ...
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Article
Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 9-16 January:1. Communication strategies to engage staff with pensions auto-enrolment2. The Pensions Regulator publishes DC code3. How much pension fund choice should employers offer their workforce?4. Now: Pensions partners Staffcare for auto-enrolment5. Employers plan benefits strategy changes in 20146. 39% of ...
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Article
Music to motivate staff by
Something for the weekend…With a number of employers offering their workforces access to an on-site gym, perhaps pumping out the top 10 most motivating tunes will encourage staff to make the most of the facility.Brunel Univeristy and Spotify studied more than 6.7 million fitness compilations, to put together the ultimate ...
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Article
Employee Benefits Connect focuses on benefits and global reward. London, 27 February 2014
This is the perfect opportunity for HR, benefits and global reward managers to catch up on current trends, upcoming changes to benefits, and to meet leading benefits providers.The conference will include two streams of dedicated sessions on employees benefits, one stream of sessions for HR generalists needing to use benefits ...
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Article
Government to delay pension charges cap
The government’s proposed 0.75% cap on pension charges could be delayed for a year until April 2015.The introduction of a cap was originally intended for April 2014, which aimed to protect millions of employees from high fees, after being auto-enrolled into their organisation’s pension scheme.A Department for Work and Pensions ...
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Opinion
Paula Hargaden: Healthcare trusts have key attractions
A trust can be employer-branded and can cover treatment that might be prohibitively expensive to obtain from an insured solution. Alternatively, the healthcare benefit can be packaged to mimic an existing insured solution, for example to ease the transition from insured to trust-based arrangements, so that, from the employee’s perspective, ...
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Article
Leading benefits firms sponsor Employee Benefits Connect
Experts from Aon Hewitt, Benefex, Bupa, Capita, Cigna, Hymans Robertson, Lorica, SG Fleet, Westfield Health, Zenith and Zurich will be running roundtable workshops or conference sessions on key topics.The exhibition attached to the conference will showcase a wide range of benefits suppliers and advisers, including Ase Corporate Eyecare, BHSF, Co-op, ...
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Article
Duncan Brown: Pulling the HR lever
Rather than welcoming the significant upward revision to national economic growth forecasts for 2013 (1.4%) and 2014 (2.4%), much of the post-statement debate focused on the cost-of-living issue and who shares in that growth, with the Institute of Fiscal Studies showing that the average employee earns £1,600 less in real ...
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Article
Newcastle Theatre Royal selects payroll system for auto-enrolment
Newcastle Theatre Royal Trust has selected a payroll system to help it comply with pensions auto-enrolment legislation.The theatre will use Carval Computing’s HR Unity system for in-house payroll processing and HR functionality to help auto-enrol its 150 employees.It will also manage the organisation’s staffing situation, which includes staff on regular, ...
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Article
Large pay gaps cause strikes and employee sickness
Organisations with big pay gaps between the highest and lowest-paid staff suffer more industrial action, more work-related sickness and higher staff turnover, according to research by the High Pay Centre.The high cost of high pay: an analysis of pay inequality within firms report, which surveyed 1,923 organisations, found that organisations ...
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Article37% of benefits professionals have access to flexible benefits
The Employee Benefits Salary survey 2014, which questioned 361 people who are responsible for managing benefits and reward in UK organisations, also found that three-quarters (67%) have access to voluntary benefits.Tax-efficient perks are also offered to most respondents, particularly benefits offered via salary sacrifice arrangements.The most common tax-efficient benefits available ...
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Article
QinetiQ appoints Colin Woods
He previously held a range of interim roles, including compensation and benefits specialist at Novo Nordisk A/S, total reward subject matter expert at Ericsson and reward consultant at Proxima.Woods was also head of performance and reward at Southern Water for nearly a year, and reward and recognition leader at Tribal ...
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AnalysisFive top workplace savings initiatives
If you read nothing else, read this…Employers can offer a range of schemes to help meet employees’ short- and long-term savings objectives.Effective marketing of workplace savings schemes can generate interest and boost participation.Employees will appreciate the ability to analyse their whole financial portfolio.Whether it’s short-term savings or putting more money ...
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ArticleInterview with Jonathan Sparham, head of HR operations at Novae Group
“You’re working as part of a team with someone that is a bit unpredictable,” he says. “You’ve got these obstacles to get past, and you always have to think about how you’re positioning yourself in terms of tackling these in the best way.“Employee populations are similar. You may think everything ...
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Article
Tui Travel appoints Robert Cross
His previous role was global head of reward at ESAB Holdings.Cross’s other roles in the industry include group reward manager at Northgate Information Solutions, reward manager at T-Mobile, and a reward consultant at Towers Watson, Mercer and Hay Group.
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Article
Wages set to grow by 1.8% in 2014
Wages are set to grow by just 1.8% in 2014, according to a report by EY.Its EY Item Club’s latest quarterly forecast also found that wages will slowly start to rise, growing up to 2.7% by 2015 and 3.5% by 2016.Peter Spencer, chief economic advisor to the EY Item Club, ...
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Article
Aberdeen Asset Management increases staff pay by 4%
Aberdeen Asset Management has increased base salary for employees by 4% for 2014.It has also increased executive directors’ base salaries by 1%, as approved at the organisation’s annual general meeting this month.The total annual bonus on offer has also increased by 11% as an average across all employees, and by ...
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Article
Share your views on flexible benefits
We are conducting our annual research designed to help benefits professionals benchmark their organisation’s flexible benefits plan.The Employee Benefits/Towers Watson Flexible benefits research 2013 revealed that 92% of employers that did not offer flex viewed the cost of implementation as a barrier to doing so.And 55% of respondents believed that ...
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Article
Martindale Pharma boosts pension take up
EXCLUSIVE: Martindale Pharma has increased take-up of its pension scheme by 10% after reviewing and revamping its pension and benefits package.The pharmaceutical organisation began its review in April 2012 for all 350 of its employees. In doing so it aimed to: create a more competitive package; obtain a return on ...
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AnalysisHow to align health cash plans with employees' healthcare needs
If you read nothing else, read this…Employers must first identify which employees would benefit from health cash plans.Staff surveys and management information can then help to identify employees’ healthcare needs.But employers must also consider their own business objectives.Laing and Buisson’s Health Cover UK Market Report 2013 , published in July ...