All Employee Benefits articles in Web Issue – Page 716
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ArticleGovernment publishes draft regulations on shared parental leave pay
The government has published draft regulations on shared parental leave pay.The draft regulations, which are part of the Children and Families Bill, will be laid before Parliament as part of a set of secondary legislation that will bring the new shared parental leave and pay system into effect.The regulations introduce ...
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Case StudiesUnilever segments financial education programme
The consumer goods organisation launched a financial education programme to its workforce in 2012 as part of an overhaul of its pension scheme provision.Unilever closed its defined benefit (DB) pension scheme in June 2012 and replaced it with a hybrid career average and defined contribution (DC) scheme , managed by ...
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OpinionJonathan Watts-Lay: Staff need education on investment options
Despite this, news headlines highlighting unfairness in the annuity market for those who are retiring and will buy an annuity now (about 400,000 people a year) are commonplace.Data from Money Advice Service annuity comparison tables at 3 February 2014 suggests that, of employees and pension scheme members who relied on ...
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Case StudiesEmployees’ skillsets underpin University of Lincoln’s workforce planning strategy
Ian Hodson, reward and benefits manager, says: “Universities are an interesting case because the point of academia is to bring in new thinking or research, which often means we must ensure we have the capacity to allow for new staff.“Also, in an academic context, an employee’s subject area is often ...
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ArticleEmployers support government's Health and Work Service
More than half (58%) of respondents intend to build referrals to the government’s incoming Health and Work Service (HWS) into their absence management policies, according to research by Jelf Employee Benefits.Its research, which surveyed 124 employers, found that just 7% of respondents do not intend to make referrals, while a ...
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ArticleStaff retirement income not a priority for employers
Only 15% of respondents said their main reason for providing a defined contribution (DC) pension scheme is to ensure their employees save for an adequate retirement, according to research by Towers Watson.Its DC pension strategy survey, which surveyed 126 employers, found that 65% of respondents cited market competition as their ...
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ArticleEmployers to increase share plan savings limits
EXCLUSIVE: More than half (54%) of employer respondents that provide sharesave schemes intend to increase the monthly savings limits when new legislation comes into force from 6 April, according to research by Equiniti.Its research, which surveyed 40 employers that provide a sharesave plan and 26 that provide a share incentive ...
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AnalysisWhat the new share scheme savings limits mean for employers
If you read nothing else, read this…Investment limits for sharesave schemes and share incentive plans will increase on 6 April 2014.To implement the new limits, employers should check if their scheme’s rules need changing.If an employer’s scheme’s rules are not linked to any change in legislation, it will need to ...
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ArticleMothers who use surrogates not entitled to maternity rights
The Court of Justice of the European Union (CJEU) has ruled that working mothers who have children by way of a surrogate are not entitled to maternity rights.The judgement resolves two earlier conflicting opinions from the Advocate General on the matter in the cases of Z v A Government Department ...
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AnalysisAn overview of the working generations
Source: Talking about my generation: Exploring the benefits engagement challenge, Barclays Corporate and Employer Solutions, September 2013
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ArticleSuppliers do not give value for money for pension plans
Nearly three-quarters (71%) of delegates at the National Association of Pension Funds (NAPF) Investment Conference do not believe pension funds are getting value for money from consultants, providers and active asset managers.During a panel debate, which followed the poll, Robert Brown, chairman of the Global Investment Committee at Towers Watson, ...
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VideoVIDEO: Simon Nash: Pay does not motivate staff
Pay is virtually unimportant in motivating employees, said Simon Nash, HR director at Carey Olsen, in an interview with Clare Bettelley, associate editor of Employee Benefits.“There is a myth in the world of HR and management that pay motivates, but most studies have proven that pay actually doesn’t motivate,” he ...
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ArticleDuncan Brown: Rebuilding and rehumanising performance management
They are not alone. E-reward will soon release its latest research on the subject. Its previous study found that most organisations, like this large one, had changed their process in the past three years. But most had further reforms planned, a hamster-wheel pattern of change that seems to leave most ...
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ArticleGovernment names five employers which failed to pay minimum wage
The government has named and shamed five employers for failing to pay the correct national minimum wage.It is is introducing a series of measures to crack down on employers that fail to pay the national minimum wage. The first of these, a tougher naming and shaming scheme, came into effect ...
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ArticleGoodman Masson trademarks staff engagement
EXCLUSIVE: Recruitment firm Goodman Masson has trademarked its employee engagement philosophy.The Experience® and the phrase ‘There is more to life than work®’ become registered trademarks on 28 February.Goodman Masson credits its low levels of employee attrition and high levels of employee engagement to a range of factors, including:Wellbeing initiatives, such ...
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Article
American Express reviews global benefits
American Express has implemented a global benefits database and used the resulting data to complete a review of its multinational pooling networks.In a session titled How to obtain value with a global workforce when budgets are strained at Employee Benefits Connect on 27 February, Jamie Green, global benefits analyst at ...
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ArticlePete Strudwick: What is the effect of the delayed pension charges cap?
It is important that this complex issue is given the proper consideration, but continued uncertainty creates challenges for employers and continues to knock confidence in pension saving among employees.For larger employers, the delay has less impact. We have about 5,700 employees and our scheme’s charges are already competitive. We negotiated ...
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ArticleHMRC loses NI contributions case
The Supreme Court has ruled against HM Revenue and Customs (HMRC) in a national insurance (NI) test case, rejecting the argument that a single employer pension contribution to a funded unapproved retirement benefits scheme (FURBS) should have been subject to NI contributions liability.The case, HMRC v Forde and McHugh, is ...
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ArticleZodiac Seats UK sees 60% voluntary benefits take up
EXCLUSIVE: Zodiac Seats UK has seen more than 60% of its 1,200 employees sign up for its voluntary benefits scheme since it was launched in October 2013.The aerospace seating manufacturer launched the online benefits portal, Employee Savings Premium, to support staff financially.Through the scheme, which is provided by Edenred, employees ...