All Employee Benefits articles in Web Issue – Page 750
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AnalysisHow group risk insurances must adapt to an ageing workforce
If you read nothing else, read this…The group risk market needs to consider insuring staff that are willing and able to work past the state pension age.Employers should adapt their workplace for older staff and educate younger employees to mitigate the future impact of ageing.Group risk insurances only have to ...
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Opinion?Katharine Moxham: Group life assurance gives employees peace of mind
They are primarily valued for providing financial protection for employees and their families, but they can support both employers and employees with far more than that.Group life assurance gives peace of mind that families will be financially looked after if the worst happens. Any bereavement support offered alongside the policy ...
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AnalysisWhat role do group risk benefits have in financial, mental and physical wellbeing?
If you read nothing else, read this…The provision and communication of group income protection and life assurance are key to securing employees’ sense of financial wellbeing.Added-value services, such as an employee assistance programme, can help to support staff with mental health issues.Early intervention and vocational rehabilitation are key elements of ...
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Case StudiesBlackRock focuses on staff financial wellbeing
This included group income protection, life assurance and accidental death cover, available to all staff as core benefits up to a certain level. Employees can choose to flex their life cover up to a higher level or to include their partner’s life through the flexible benefits scheme. Critical illness insurance ...
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OpinionDavid Williams: Workplace support for cancer sufferers is key
Group risk providers are now offering much-needed support for the growing number of people surviving cancer in the UK and wanting to return to the workplace. This is because cancer survival rates are increasing all the time. According to charity Cancer Research UK, 50% of adult cancer patients diagnosed between ...
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ArticleMichelle Cracknell: Should employers encourage the consolidation of small pension pots?
No, we do not think employers should be encouraging their employees to consolidate small pension pots.Pensions are long-term savings products. They have a long tail, which means employees could be sitting with old pension pots that have some useful or valuable features.Making a general comment, even if it is related ...
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Article53% think higher contributions under auto-enrolment will aid recruitment
More than half (53%) of respondents that intend to contribute more than the minimum pension contributions for auto-enrolment think it will help to recruit and retain staff, according to research by Now: Pensions.Its research, which surveyed 450 small and medium-sized enterprises (SMEs), found that 40% believe that by contributing more ...
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Supplier article
Improving health and wellbeing through pensions auto-enrolment
Evidence of this can be seen in research from Group Risk Development (GRiD). In its Group Risk Employer Research, which was conducted last October, it found that a quarter (24 per cent) were looking to increase their employee benefit spend. In addition, it found that a further 20 per cent ...
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ArticleAverage pay is 7% lower than before recession
Average pay is 7% lower than before the recession and 20% behind where it would have been if the economy had continued to grow based on pre-recession trends, according to a report by the Confederation of British Industry (CBI).Its Making Britain work for everyone: Facing up to challenges in our ...
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ArticleSports Direct 2015 bonus scheme approved
Sports Direct’s 2015 bonus share scheme received approval by shareholders at its annual general meeting on 2 July.Some 60% of shareholders voted for the implementation of the bonus share scheme, which was put to shareholders in a circular on 9 June.The terms of the bonus scheme provide for the grant ...
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OpinionTobin Murphy-Coles: The employer conundrum that won’t go away
Organisational chaos and disruption is something everyone in the HR and benefits industry has felt as a result of the economic downturn, and its effects rumble on as business leaders continue to scrutinise their costs.But one positive effect of this disruption is that it makes organisations stop and think about ...
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AnalysisHow to create a health and wellbeing strategy for expatriate staff
If you read nothing else, read this…Employers should manage the risks associated with international assignments from the outset. Employees with underlying health issues should take priority.Health coaching and behaviour-change programmes can help employees improve their health.Creating a comprehensive health and wellbeing strategy for expatriate staff need not be difficult, with ...
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Analysis
Safeguarding expatriate health is key
If you read nothing else, read this…An expatriate health and wellbeing strategy must accommodate every family member.The most likely cause of expat staff ill-health is a pre-existing condition.Air pollution, infectious diseases, altitude, humidity and temperature all contribute to local environmental health issues.For example, the winners of PruHealth and Mercer’s Healthiest ...
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ArticleTop 10 most read articles this week
The top 10 most read articles on employeebenefits.co.uk from 26 June to 3 July 2014:1. DHL Express launches online benefits portal 2. How to manage workplace burnout 3. Which employers will win Employee Benefits Awards? 4. Gyles Brandreth to host Employee Benefits Awards5. Extended right to request flexible working comes ...
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ArticleNorth Korean employer bans chocolate bonus
Something for the weekend…Here at Employee Benefits, a chocolate treat is a common part of our working week. We couldn’t imagine our treats being banned.But employees at North Korea’s Kaesong Industrial Complex became so used to receiving a chocolate bonus after restrictions were placed on cash incentives, that they sold ...
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ArticleDOD’s blog: Summer treats cause a stir
Yesterday morning the news flew through our offices that free ice creams were on offer outside in the hot summer sunshine.Staff vacated their desks at such speed there was a danger of being crushed in the rush. It certainly did not mirror the reluctant dispersal in the fire drill earlier ...
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Article47% believe health cover is essential for expats
Nearly half (47%) of respondents believe that health cover for their employees is an essential part of the benefits package when working overseas, according to research by Expacare.Its Anatomy of an international business research, which surveyed 1,000 employers, found that 43% believe that share options are an essential part of ...
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Analysis
Pg 38 – How popular is group critical illness in the workplace?
If you read nothing else, read this:Critical illness is an easy benefit to understand and offers cost-effective cover in the event an employee suffers from a chronic condition, such as a heart attack or cancer.Group critical illness is popular within flexible benefits schemes.The number of people insured under group critical ...
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ArticleAverage pay has doubled in past 40 years
Average pay for full-time employees in the UK has more than doubled since 1975, according to research by the Office for National Statistics (ONS).Its UK wages over the past four decades, 2014 report analysed the impact of the recession on real earnings, as well as the impact of the introduction ...