All Employee Benefits articles in Web Issue – Page 722
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ArticlePublic sector pension liabilities reach £1.7 trillion
Public sector pension liabilities stand at £1.7 trillion, £600 billion higher than the amount calculated by the government, according to a report by The Taxpayers’ Alliance (TPA).Its report found that the liability facing taxpayers for unfunded public sector pension schemes is higher than the government’s official estimates of £1.1 trillion.The ...
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ArticleGender pay gap closes for staff in their 30s
The gender pay gap for full-time employees between the ages of 30 and 39 was just 1% in 2013, according to research by the Department for Media, Culture and Sport.Its Secondary analysis of the gender pay gap report monitored trends in pay between 1997 and 2013 by analysing figures from ...
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Employee Benefits Live will take place in London on 24-25 September 2014
Employee Benefits Live is the largest dedicated reward and benefits event in Europe.Contact our sales team to find out about becoming an exhibitor or a sponsor-speaker.Brought to the industry by leading publication Employee Benefits, Employee Benefits Live offers an extensive editorial-driven conference and exhibition over two days.It provides an invaluable ...
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ArticleEmployee Benefits Awards 2014 shortlist announced
Bacardi, E.On, HSBC, Kodak, Samsung and Unilever are among the employers shortlisted for the Employee Benefits Awards 2014.The winners will be announced during a lunch-time ceremony on Friday 27 June at the Artillery Garden at the HAC in London.For more information and to book a place at the summer partyFull ...
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AnalysisCreating an employee value proposition to win the war for talent
If you read nothing else, read this…An EVP comprises the benefits and rewards that employers offer employees in addition to, and often as part of, their employment contract.An employer’s brand is key in attracting, retaining and motivating talent .Benefits should be engaging and relevant for staff.A number of recent surveys ...
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ArticleEmployee Benefits Magazine - April 2014
As the war for talent looms, employers must ensure they are prepared with an irresistable employee value proposition. Read Positives attract on page 24.Tax-efficient benefits special report: Significant savings can be achieved through tax-efficient benefits, which can then be used to help fund other aspects of reward. Find out how ...
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ArticleSMEs still not ready for pensions auto-enrolment
More than half (58%) of small and medium-sized enterprises (SMEs) surveyed have yet to set up a pension scheme to comply with auto-enrolment legislation, according to research by AutoenrolSME.The pensions auto-enrolment service, which was developed in partnership with payroll provider Quartz Payroll, conducted research among 200 UK organisations with between ...
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ArticleSainsbury’s staff raise money for Sport Relief
Sainsbury’s employees have helped to raise £6.5 million for charity Sport Relief, £1 million higher than that given by the supermarket chain in 2012.Sainsbury’s offered employees the opportunity to take part in a range of fundraising activities in the weeks leading up to Friday 21 March, when the first-ever Sainsbury’s ...
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ArticleTalkTalk and Warburtons shortlisted for auto-enrolment
TalkTalk Group and Warburtons are among the employers that have been shortlisted for the award ‘Best pensions auto-enrolment strategy – small employer’ at the Employee Benefits Awards 2014.This award recognises employers that maximised the opportunities offered by the need to comply with auto-enrolment legislation, and that demonstrated how these actions ...
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Article300,000 more UK workers protected by group risk schemes
The number of employees in the UK protected by group risk insurance grew by 300,000 in 2013, according to Swiss Re.Its Group watch 2014 report, which analysed and summarised group risk business results at the end of 2013, found that the overall UK group risk market grew by 2.8% to ...
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Top 10 most read stories this week 3-10 April
The top 10 most read articles on employeebenefits.co.uk from 3-10 April:1. Court rules IBM breached employer duties in pensions restructure2. Fujitsu launches flexible retirement3. How to maximise savings from tax-efficient employee benefits4. Tax and legal changes to employee benefits take effect5. AT&T and Kodak shortlisted for financial education6. Weetabix consults ...
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Article19% of women have no pension savings
Nearly a fifth (19%) of women within five years of retirement do not have any private pension savings, according to research by LV=.Its State of retirement report 2014, which surveyed 1,538 British adults over the age of 50, found that just 12% of men have no retirement savings and will ...
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Article20% take time off work due to stress
One in five (20%) respondents have taken time off work due to a stress-related illness in the past 12 months, according to research by MetLife Employee Benefits.Its research, which surveyed 2,134 respondents aged 18 and above, found that one in 10 respondents have taken more than six days off work ...
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Article25% would buy an annuity at retirement
Only 25% of respondents would use most or all of their pension pot to buy an annuity when they retire, according to research by Hymans Robertson.Its research, which surveyed 1,000 current members of defined contribution (DC) pension schemes, found that 31% of respondents would not buy an annuity, but would ...
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Article27% know little about group income protection
More than a quarter (27%) of respondents admitted they know little about group income protection, according to research by Canada Life Group Insurance.Its research, which surveyed 200 employee benefits decision makers at organisations that employ between 150 and 2,000 staff, found that 32% of respondents are unaware of the cost ...
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Next chief to share £4m bonus with staff
Next chief executive Simon Wolfson is to share a nearly £4 million bonus with the organisation’s staff in May.Around 19,400 staff, who have been employed by the clothing and household furnishings retailer for at least three years, will receive an average of 1.5% of their salary.The bonus has been awarded ...
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Article45% consider mental ill health a major cause of long-term absence
Almost half (45%) of respondents consider stress and mental ill health a major cause of long-term absence among their employees, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study, which surveyed 500 UK employers, found that 25% of employer respondents also considered stress and ...
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Article62% in favour of flexibility around pensions
Nearly two-thirds (62%) of UK workers believe giving people more choice and flexibility around how they take their retirement income is a good idea, according to research by Aviva.Its research, which surveyed 1,500 UK employees, found that 80% of respondents were aware of the retirement income changes announced by the ...
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Article67% concerned about complexities of shared parental leave
More than two-thirds (67%) of respondents are concerned about the potential complexities and increased administrative burden of the government’s incoming shared parental leave system, according to research by Norton Rose Fulbright.The law firm’s research, which surveyed 222 HR professionals, found that 76% of respondents have not taken any practical steps ...