All Employee Benefits articles in Web Issue – Page 742
-
ArticleDOD’s blog: The inspiration of Finding Mike
Last week I had the privilege of being invited to the film premiere of Finding Mike by one of its sponsors, Legal and General. This documentary tracks how Jonny tried to find the stranger who stopped him jumping off Westminster Bridge eight years previously.While the film was compelling viewing, it ...
-
ArticleTeam building tips from a day at the zoo
Something for the weekend…When an employer sends employees on a staff day out to train, bond and develop team skills, perhaps the best place to do so is at the zoo.Eighteen traffic wardens who patrol the streets of Ashford, Kent, were sent to nearby Port Lympne Wild Animal Park to ...
-
Article£4.6m paid out to 22,000 staff in minimum wage arrears
More than £4.6 million has been paid to more than 22,000 employees in wage arrears following investigations by HM Revenue and Customs’ (HMRC) national minimum wage enforcement teams.In the past year, HMRC has conducted 1,455 investigations and issued 652 financial penalties worth £815,269.HMRC found arrears in 47% of cases and ...
-
ArticleM&S to roll out staff wellbeing initiatives
Marks and Spencer is to roll out a series of new health and wellbeing initiatives for employees in 2015.In its Plan A Report 2014, published on 5 June, the retailer stated that it will:Establish measures and report on employee wellness to supplement the more traditional measures of employee engagement.Extend access ...
-
ArticleTSB Bank staff to receive £100 in shares
TSB Bank is to grant each of its 8,600 employees £100 in shares at its initial public offering (IPO) as part of a new reward strategy to be rolled out in 2015.The bank also intends to replace its existing bonus structure with two new reward schemes: the TSB Award and ...
-
Article
Employee Benefits Summit inspires delegates
She said the impact of the recession, consumer trends and workforce demographics means reward may never look the same again.Speaking in a session entitled ‘The outlook for reward and benefits as the economy improves’, Sarah Purnell, head of UK reward and benefits at Tesco, said three key drivers are fundamentally ...
-
ArticleBarclays partners Standard Life to support SME's auto-enrolment duties
Barclays Corporate and Employer Solutions has partnered with pension provider Standard Life to support small and medium-sized employers (SME) navigate the challenges of auto enrolment.Its Barclays Auto Enrolment Advantage aims to help support organisations comply quickly, as the number of SMEs reaching their staging date increases.Barclays will provide the guidance ...
-
ArticleAnglian Water raises awareness of mental health
EXCLUSIVE: Anglian Water is raising awareness of mental health in the workplace as part of its annual health and wellbeing campaign.The utilities organisation is educating its 4,000 employees about what they can do if they are suffering from mental health, if a family member is suffering or if they notice ...
-
Supplier articleTop tweets from the Employee Benefits Summit
@Miczar75 – Very interesting so far and a lot of opportunities for interaction with peers #EBSummit@janetyjanet – Are your employees both well AND engaged? It’s no good having one without the other #EBSummit@WendyHall2012 – Sarah Purnell [of Tesco] says we need to rethink reward offerings given shifting consumer expectations, workforce ...
-
AnalysisHow to deliver both good and tough messages on incentives
If you read nothing else, read this…Pay motivates staff, but it is not the primary motivator.Recognition is more important than pay for many employees.Bonuses should be awarded only for good performance.More than three-quarters of respondents (76%) to the research survey, published in June, said pay helps to motivate staff, but ...
-
ArticleEAP counselling cuts inability to cope at work
Employee counselling through employee assistance programmes (EAPs) can help to cut employees’ inability to cope in work, from 51% to 5%, according to research by Capita Health and Wellbeing.Its research, which analysed data on more than 3,500 employees who had used advice and counselling services through an EAP in 2013, ...
-
Article76% expect performance-based bonuses to be core to future pay deals
But only 26% believe discretionary bonuses will remain. In terms of basic pay, 56% of the 55 respondents that shared their views about the key features of future pay deals believe set basic pay will remain the primary feature of employers’ pay deals, with just 24% expecting flexible basic pay ...
-
ArticleSports Direct seeks approval for 2015 bonus scheme
Sports Direct is seeking approval from its shareholders for the implementation of its 2015 bonus share scheme.The terms of the bonus scheme provide for the grant of up to 25 million shares in the organisation to eligible employees, including executive directors.The vesting of these shares would be conditional of certain ...
-
ArticleConsumer Rights Bill to impact salary sacrifice benefits
(Article UPDATED on 24 June 2014: see additional information below)The Consumer Rights Bill (CRB) could impact the provision of flexible benefits schemes and salary sacrifice arrangements.The CRB, which has passed through the House of Commons and has had its first reading in the House of Lords, with a second reading ...
-
Supplier article
Japan Economic Insight
Visit the Neptune Japan Opportunities Fund Page.Visit neptunebigideas.com for more market views and comment from Neptune.*Lipper, in Yen with net income re-invested. Past performance is not a guide to future performance.James Dowey and Paul Caruana-Galizia are economists at Neptune Investment ManagementImportant Information: This is not for retail clients. It is ...
-
ArticleUniversity of Wales pays out £460,000 in equal pay case
Nearly £500,000 (£460,000) has been paid out to 18 men in an equal pay case against the University of Wales Trinity Saint David.The group of support staff, which includes plumbers and caretakers, won the case in April 2014, after taking the university to an employment tribunal on the grounds of ...
-
Article76% say pay helps to motivate employees
But they do not consider it to be the main motivator, with only 22% of 55 respondents who answered this question claiming this to be the case in their organisation. Just 2% of respondents do not believe pay motivates their workforce. Encouragingly, 64% of 35 respondents measure the extent to ...
-
Analysis
Mental health is now a boardroom issue
If you read nothing else, read this…The stigma of mental illness is yet to be shaken off.Employers need to take a more pragmatic approach to dealing with employees’ mental health needs.Good mental health makes good business sense.The mental health agenda has reached a tipping point.Finally, enlightened organisations are starting to ...
-
Opinion
Emma Mamo: How to manage workplace depression
If you read nothing else, read this…Depression affects more than 2% of people.Employees experiencing depression may struggle with motivation.Many organisations are now tackling the causes of poor mental health.Depression and anxiety combined is the most common mental health problem, affecting one in 10 people, while depression alone affects more than ...
-
Analysis
What can employers do if they are struggling to comply with auto-enrolment?
If you read nothing else, read this…The number of employers stuggling to comply is likely to rise as small employers begin auto-enrolment.The Pensions Regulator (TPR) issued its first section 89 report to highlight key lessons to help employers avoid non-compliance.TPR runs webinars to offer advice.TPR and pension consultants can focus ...