All Employee Benefits articles in Web Issue – Page 717
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Article
Telefonica to extend recognition plan to Latin America
Telefonica is to extend its new recognition programme across Latin America in March.The plan, which was rolled out across Europe in autumn 2013, has been aligned with the technology organisation’s latest global transformation programme.Natasha Rice, director of reward and recognition at Telefonica Europe, spoke about the recognition plan and the ...
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ArticleTax and legislation changes taking effect in April
The statutory sick pay percentage threshold scheme will be abolished. This will help to fund the launch of the government’s Health and Work Service. The extension of the right to request flexible working, which was due to come into force on 6 April, has been postponed (see Nicola Kerr: Delay ...
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ArticleNUS becomes accredited living wage employer
The National Union of Students (NUS) has been accredited as a living wage employer.The organisation will pay all its staff the living wage, which increased to £7.65 for the UK and £8.80 for London on 4 November 2013.More than 600 UK employers pay the living wage, which was introduced in ...
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ArticleBanks restructure bonuses to meet FCA guidance
All major retail banks have either replaced or made substantial changes to their financial incentive schemes, according to the Financial Conduct Authority (FCA).The City watchdog’s latest review of financial incentive schemes found significant improvements at many UK banks, but adds that further work is needed.For example, the FCA has identified ...
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Article
Premier Foods rejigs pensions deficit payment
Premier Foods is to restructure the deficit contribution schedule covering its eight defined benefit (DB) pension schemes as part of a larger capital restructure.In its full year results for the year to 31 December 2013, the foods producer, which owns brands such as Ambrosia, Hovis, Oxo and Sharwood’s, stated that ...
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Article
Capital One raises bikes take up through EVP
Capital One has doubled the take up of its bikes-for-work scheme by integrating it in its employee value proposition (EVP).In a session titled Creating an EVP for the future: employee motivation and the role of benefits at Employee Benefits Connect on 27 February, Jill Cunnison, head of benefits and HR ...
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OpinionHugh Gittins: The legalities of financial education programmes
Firstly, the gradual demise of final salary pensions, at least in the private sector, and their replacement by defined contribution (DC) schemes, means that employees are having to pay more careful attention to how their pensions are invested now that they, rather than their employers, stand to gain or lose ...
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ArticlePension contributions should begin before age 22
Nearly half (45%) of respondents believe people should begin contributing towards a pension before they reach the age of 22 to ensure they have a comfortable retirement, according to research by software and services organisation Sage.Its research, which surveyed 2,040 UK adults, found that six out of 10 respondents expect ...
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ArticleWhat benefits do your competitors offer?
By taking part you will be able to confidentially share your data and it in turn receive a report showing a comprehensive overview of benefits offered by hundreds of UK organisations.Please click here to take the survey.As a thank you for taking part, we will send respondents an extended version ...
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ArticleVeterinary firm launches employee ownership trust
Arrowfield Veterinary Practice has launched an employee ownership trust.The practice is now 100% owned by its employees after the launch of the trust on 1 March.Employee ownership is when employees own a significant stake in the organisation they work for, and is sometimes called a co-owned organisation.The veterinary practice was ...
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ArticleCoca-Cola signs up to staff engagement initiative
Coca-Cola Enterprises and Telent are among the employers that have signed up for a new employee engagement initiative.The initiative, which was launched by Standard Life, aims to develop the most effective means of employee engagement in a post-auto-enrolment world.It includes a range of messaging campaigns available for all employers with ...
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Article
Google opens onsite wellness centre in Ireland
Google has opened an onsite wellness centre for employees at its Irish office.The wellness centre supports the technology firm’s Optimise Your Life strategy, which is aimed at creating the happiest, healthiest employees, explained Oli Husemeyer, international benefits project manager at Google, during a session entitled The impact of stress on ...
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Article
Top 10 most read stories this week
1. Tax and legislation changes taking effect in April2. HMRC loses NI contributions case 3. All employers need to know about car salary sacrifice schemes4. Government names five employers which failed to pay minimum wage 5. Goodman Masson trademarks staff engagement 6. American Express reviews global benefits 7. Capital One ...
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Article
DOD’s blog: Why we are getting back to basics
In the past few weeks I have been getting out into the market as much as possible, meeting all sorts of benefits suppliers, consultants and fund managers. This is in addition to speaking to many of the hundreds of employers who attended Employee Benefits Connect last week.In all this, I ...
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Article
Football kit massages for players
Something for the weekend…Imagine how your stress levels would fall if, whenever your anxiety levels rise, your clothes could give you an all-over relaxing body massage?This might not be as far-fetched as it sounds.News broke this week that high-tech football shirts worn by the Italian national football team, ahead of ...
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ArticleLoews to share how HR can shape company strategy at Employee Benefits Connect
A session at Employee Benefits Connect New York will set out why HR departments should align themselves with the branding of the rest of the business.Alan Momeyer, vice president of HR at Loews Corporation, will lead a session titled The role of HR in shaping company strategy at Employee Benefits ...
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Article
Rolls-Royce to launch deferred bonus plan
Rolls-Royce has reduced the deficit of its defined benefit (DB) pension schemes and is to launch a deferred shares bonus plan for executive directors and senior managers.Its Annual financial report showed that, during 2013, the net deficit of the pension schemes fell by £49 million, principally due to the movements ...
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ArticleJohn Lewis staff share £203m bonus payout
Around 91,000 John Lewis Partnership employees are to share a bonus payout of £202.5 million.Employees will receive 15% of their average salary, equivalent to eight weeks’ pay, just two percentage points lower than last year’s 17% bonus payout.The retail giant, which includes John Lewis and Waitrose, set out the bonus ...
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ArticlePersonal Group acquires Lets Connect
Employee benefits provider Personal Group has acquired Lets Connect for a total consideration of up to £12 million.The consideration is to be satisfied by a £6 million cash payment at completion, followed by an earn-out over two years for the remainder of the consideration, dependent on performance.Lets Connect is a ...
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ArticleLongevity biggest issue impacting pensions saving
The creation of a savings culture is necessary in order to overcome the impact of longevity on lives and savings, such as the amount employees put aside for retirement.Speaking at the National Association of Pension Funds (NAPF) Investment Conference on 5 March, Larry Fink, chairman and chief executive officer of ...