All Employee Benefits articles in Web Issue – Page 706
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Article
Young's Seafood staff take up voluntary benefits
EXCLUSIVE: Young’s Seafood has seen more than 1,000 employees regularly use its employee discounts scheme since its launch. The seafood supplier previously had a number of informal benefits arrangements in place, which it replaced with the launch of its comprehensive programme Your Benefits in August 2013.Through the new scheme, Young’s ...
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Article
Last chance to win an iPad with flexible benefits research
This is your last chance to win an iPad mini in return for just 10 minutes of your time.Simply complete the Employee Benefits/Towers Watson Flexible Benefits survey and we will enter you into a prize draw for the chance to win an iPad mini. We will also send you a ...
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Article
OTS publishes recommendations on benefits tax
The Office of Tax Simplification (OTS) has put forward recommendations on simplifying and streamlining the system for reporting and taxing employee benefits and expenses.The report, which builds on an interim report published last year that set out a series of nine quick wins, includes 20 proposals to simplify the process ...
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Article
PeopleValue helps employees fight the cost of motoring
This article has been supplied by our channel sponsor, PeopleValue.PeopleValue, a leading provider of motivation solutions serving companies in the UK, has delivered a unique voluntary benefit for fuel savings into the marketplace to help address the soaring costs of motoring.With more than 30 million drivers in the UK, the ...
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Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 23-30 January:1. How workplaces can affect employee health2. Court rules how to handle ill-health dismissals3. Ikea pays pension contributions as bonus4. BT and BBC top pensions league table5. BA switches DC pension investments6. Finmeccanica has low pensions opt-out post auto-enrolment7. Mixed ...
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Article
Laughter best medicine for wellbeing
Employers looking to reduce workplace stress may find the answer is closer than they think - in the form of a good laugh.Instead of suffering in silence or turning to an employee assistance programme, employees could try their hand at laughter yoga to boost their wellbeing.What is that you may ...
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Article
New Tupe regulations come into force
Changes to the Transfer of Undertakings (Protection of Employment) (Tupe) regulations come into effect on 31 January.The new rules mean:Changing employees’ terms and conditions of employment after a Tupe transfer will be easier, albeit in limited situationsChanges to terms and conditions of employment derived from collective agreements will be possible, ...
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Bikes for work take-up rises year on year
More than 164,000 employees joined a bikes-for-work schemes in 2013, according to figures from the Cycle to Work Alliance.This represents a 16.4% increase from 2012 and the biggest growth in UK employees taking up the tax-efficient benefit since 2010.Steve Edgell, director at Cycle Solutions and chair of the Cycle to ...
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Article
Get good value at Employee Benefits Connect, New York
The team that runs Europe’s largest employee benefits event will launch its first event in New York on 25 March.Employee Benefits Connect is an exciting new event from Centaur Media that is big enough to inspire but small enough to engage on a one-on-one basis.Debra Corey, international rewards director who ...
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ArticleLinks of London sees 0.8% auto-enrolment opt out
EXCLUSIVE: Links of London has seen 0.8% of its auto-enrolled employees opt out of its new group personal pension (GPP) plan since its staging date on 1 November 2013.The British jeweler, which is part of the Folli Follie Group, has 75 outlets across the UK and employs around 500 employees.It ...
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ArticleAverage defined contribution pension charge is 0.75%
The average annual management charge (AMC) for trust-based defined contribution (DC) pension schemes is currently 0.75% of the fund per year, according to research by the Department for Work and Pensions.Its Landscape and charges survey 2013: charges and quality in defined contribution pension schemes comprised a combination of quantitative research ...
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10% of Bayer pension members increased contributions
EXCLUSIVE: One in 10 (10%) of Bayer’s 9,000 pension scheme members have increased their pension contributions since the organisation re-branded its pension communications in 2013.More than 800 employees are members of the pharmaceutical organisation’s trust-based defined contribution (DC) pension, while 7,000 employees are members of its defined benefit (DB) pension, ...
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ArticleSickness absence rates fell in last 10 years
More than 130 million days were lost due to sickness absence in the UK in 2013, down from 178 million days in 1993, according to research by the Office for National Statistics.Its Sickness absence in the labour market, February 2014 report, which looked at sickness absence trends over the past ...
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ArticleAverage combined DC pension contribution is 10%
The average combined employer and employee contribution to a defined contribution (DC) pension scheme now totals 10%, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Employee outlook: focus on employee attitudes to pay and pensions survey, which surveyed nearly 2,700 employees, found that, on average, respondents ...
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Article
Benefits packages cost more than 20% of salary
More than a third of respondents said their overall benefits package costs more than 20% of salary, according to research by Towers Watson.Its Benefits health check survey, which questioned employers with between 500 and 2,000 employees, found that 60% of respondents have a consistent philosophy and strategy across their benefits, ...
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Article
23% of 2014 retirees not ready to stop working
Almost a quarter (23%) of respondents who plan to retire this year said they do not feel ready to stop working completely, according to research by Prudential.Its Class of 2014 research, which surveyed 7,821 non-retired UK adults over the age of 45, found that more than half (54%) of respondents ...
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Part-time working mums earn 22% less an hour
Mothers who work part-time earn 22% less an hour than women who work full-time, according to research by the Institute for Public Policy Research (IPPR).Its Childmind the gap: reforming childcare to support mothers into work report found the pay gap, which it has described as the ’motherhood pay penalty’, is ...
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ArticleWhitbread staff share £6m in sharesave payout
More than 1,000 Whitbread employees are to share £6 million following the maturity of the organisation’s three-year and five-year sharesave schemes on 3 February.The employees, who work for brands including Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, saved between £10 and £250 a month into the schemes.The option price ...
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Article63% will not have sufficient pension pot by age 65
Almost two-thirds (63%) of respondents believe they will not have a sufficient pension pot by the age of 65, according to research by Canada Life Group Insurance.Its research, which surveyed more than 700 employees, found that 10% intend to continue working past the traditional retirement age to continue receiving employee ...
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Article81% concerned pensions change could impact service levels
More than three-quarters (81%) of respondents said the volume of change in the pensions sector in the next 12 months will adversely affect the level of services provided, according to research by the National Association of Pension Funds (NAPF).The survey, which questioned 108 respondents, found that 87% of employer respondents ...