All Employee Benefits articles in Web Issue – Page 739
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ArticleFinancial stress impacts work productivity
Nearly a quarter (22%) of employee respondents said the stress of their current financial situation impacts negatively on their work productivity, according to research by Sodexo Benefits and Rewards Services.Its Financial stress is impacting productivity for nearly a quarter of UK employees survey, which questioned 398 employers and 760 UK ...
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ArticlePension saving reaches five-year high
The number of people saving adequately for retirement is at its highest level since 2009, according to research by Scottish Widows.Its 10th annual Scottish Widows Retirement report, which surveyed more than 5,000 people, found that 53% of respondents are saving enough through a pension scheme, up from 45% in 2013, ...
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ArticleWorkplace pensions report 2014
Read the digital edition of the Workplace pensions report 2014The report includes the following articles:Pensions in numbersLiz Wood: Contract-based pension schemes versus master trustsThe role of independent governance committeesGamification in pensions communicationTop tips for engaging staff in at-retirement planningRead the digital edition of the Workplace pensions report 2014
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Article
Buyer's guide to group critical illness insurance 2014
The employee can decide how to spend the money: it could be used to fund medical treatment, make necessary changes to their lifestyle or pay off a mortgage.The medical conditions covered are determined by the critical illness insurer, which usually offers two levels of cover. Base cover will include about ...
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Article
Buyer's guide to childcare vouchers 2014
Vouchers have helped about 700,000 families to afford high-quality childcare since 2005, providing savings worth around £1,800 a year for the average family. This goes towards the average childcare cost of £5,028 a year for 25 hours’ care a week, according to figures from the Childcare Voucher Providers Association (CVPA).Most ...
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Article65% are unaware of shared parental leave
Around two-thirds (65%) of respondents are unaware of the shared parental leave legislation, which comes in to effect from April 2015, according to research by care industry website Good Care Guide.The Good Care Guide Parenting survey, which surveyed 1,000 working parents, found that, among those who do know about the ...
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Opinion
MC Schraefel: How employers can reduce staff absence caused by chronic workplace pain
If you read nothing else, read this…Workplace pain is a familiar experience to most people.Employers should offer staff opportunities to move about throughout the day.Organisations have to commit to embedding wellbeing practices into their culture to optimise their success.Pain is a vicious cycle that often causes people to become more ...
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ArticleEmployee wellbeing rises up the corporate agenda
Delegates at the Employee Benefits Summit, held on 14 and 15 May in Alicante, Spain, agreed that staff health and wellbeing is rising on the corporate agenda, with 26% of poll respondents citing a noticeable difference in senior management’s attitude towards employee wellbeing compared with five years ago.Neil Carberry, director ...
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Analysis
Employers should provide appropriate care for musculoskeletal complaints
Musculoskeletal conditions are one of the main causes of workplace absence in the UK, and, unsurprisingly, represent the leading cost in healthcare claims and absence for almost all employers.In 2009, Aviva UK Health identified that early intervention and access to effective care pathways were essential to reducing workplace absence and ...
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Analysis
Top tips for engaging staff in at-retirement planning
If you read nothing else, read this…The Chancellor’s decision to scrap compulsory annuity purchase for defined contribution (DC) pension scheme members means employers must rethink their at-retirement strategies.But they should not forget to communicate basic pension information.Staff need to consider carefully the income they are likely to need in retirement.1. ...
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Opinion
Helen Ball: Spotlight on pensions governance
Every employer will be making an important decision when it chooses a pension provider. Many scheme members are not engaged in looking after their pension savings, which increases the pressure on employers to make sure employees are protected properly. How can employers be sure they are doing the right thing?There ...
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ArticleCost of benefits is biggest barrier to staff health and wellbeing
Most employers (69%) cite benefits costs as the major hurdle they face in managing the health of their workforce, with 48% citing employees’ lack of understanding about how best to take responsibility for their own health and wellbeing as the second biggest challenge. Interestingly, just 19% of respondents to the ...
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Analysis
What is driving demand for eldercare as a workplace benefit?
If you read nothing else read this…The number of people needing care will outstrip the family members able to provide it.Eldercare is the fatest-growing perk in flexible benefits plans.Demand is driven by the UK’s ageing demographic, the growing number of users of health and social care, and the ’sandwich generation’.Not ...
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Case StudiesUnilever builds global staff benefits data tool
Peter Newhouse, head of global reward at Unilever, says: “It is probably the biggest database of its kind anywhere. This is ‘always-on’ feedback.”It is now used in more than 100 countries, covering about 15,000 management staff. Unilever is currently extending it to white-collar non-management staff, with about 44,000 people now ...
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Case Studies
The benefits offered by Sky
PensionTrust-based defined contribution scheme.Double-matched employer contributions to a maximum of 8%.About 4,000 employees were auto-enrolled on 1 April 2013.HealthcareA healthcare trust, available to all staff.Physiotherapy, which is in addition to the trust’s out-patient limit.On-site physiotherapy at some locations.An employee assistance programme.Health screening.Group riskGroup income protection (GIP) linked to the pension ...
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ArticleClare Bettelley: Employers' support for employee health is lacking
Employee Benefits’ Workplace health report: strategies in practice is designed to help organisations do just that by exploring some of the key healthcare issues affecting workforces, so they can learn when and how to take a more preventative approach to supporting staff who are struggling to perform at their best, ...
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AnalysisHow oral healthcare can help to boost staff wellbeing
If you read nothing else, read this…Periodontitis (gum disease) is the most common chronic disease in humans.Giving staff access to dental healthcare can help to boost their general wellbeing.Dental healthcare can be a key indicator in the detection and early diagnosis of many more serious illnesses.In March, Denplan ran a ...
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ArticleHMRC loses company car tax case
Six companies in the Newell and Wright group, including Apollo Fuels, provided cars to managers and salesmen under an arrangement whereby it leased the cars to the workforce in an ’arm’s length’ hire rental.Employees were paid for business mileage at the same rate as colleagues who used their own cars ...
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Case Studies
Finmeccanica takes charge of pensions governance
Defence organisation Finmeccanica’s FuturePlanner pension scheme, which was set up in 2007, has 2,500 members, with administration provided by Aon Hewitt and investment services provided by P-Solve on a fiduciary basis through Skandia as the investment platform.The scheme currently has five trustees, two of whom are nominated by members through ...