All Employee Benefits articles in Web Issue – Page 761
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ArticleDOD’s blog: History is against us on unfair pay
And so it was this week, when the Chartered Management Institute published its annual National management salary survey in which it found female managers earn 35% less than men.No one likes unfairness, and I condemn it completely.But unpicking the causes of this unfairness are extremely tough. These days, in the ...
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Supplier article
Three catalysts for European equities
By Rob Burnett, Manager of the Neptune European Opportunities FundIn recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve ...
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ArticlePhoenix Group agrees DB pension longevity swap
Phoenix Group has entered into a longevity swap for its defined benefit pension scheme.The longevity swap of the PGL Pension Scheme, which covers 12,000 members and has a liability of around £900 million, is aimed at hedging against the risk of rising costs as a result of the current pensioners ...
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ArticleCheshire NHS Trust introduces physiotherapy benefit
Chesire and Wirral Partnership NHS Foundation Trust has introduced a third-party physiotherapy service to help improve staff health and reduce absence levels. The physically demanding nature of many of its job roles meant many of its 3,500 staff were suffering from musculoskeletal disorders (MSD) and having to wait more than ...
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ArticleEmployee Benefits digital magazine – September 2014
HR and benefits professionals of the future will need a wide variety of new expertise to drive business growth. Read how in Cutting edge skills (page 16)Data can be essential to a healthcare strategy. Learn how in Focus on the facts (page 23)When Dixons and Carphone Warehouse merged, a major ...
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ArticleEmployee Benefits Academy aids skills growth
A joint venture between Employee Benefits magazine and Total Reward Academy, the Employee Benefits Academy provides expert, practical training in benefits and compensation management.The Employee Benefits Academy’s 2014 courses are open for registration.This year’s remaining benefits course will take place on 20 – 24 October.This will cover: the design and ...
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AnalysisWhich key attributes will HR and benefits professionals of the future possess?
If you read nothing else, read this…The role of HR and benefits professionals has evolved from administrator to business growth driver.Employee engagement is at the heart of the HR and benefits professional of the future.Benefits professionals that develop a neurological approach to employee engagement will have a more competitive edge. ...
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OpinionJoe Gladstone: Why HR professionals need behavioural economics
Understanding what motivates employees is fundamental to what an HR professional does. Yet, for decades, they have used the same superficial frameworks to model ways that staff evaluate information and make decisions, ignoring decades of evolving scientific research.The recent surge of interest in behavioural economics , which draws insights from ...
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Article23% believe they offer above average benefits
Just under a quarter (23%) of respondents believe their organisation offers an above average benefits package for employees, according to research by ORC International. Its ORC Employee benefits monitor survey also found that 63% feel they offer benefits that are in line with their peers, while 9% feel they offer ...
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ArticleAsda to share insight into recognition plan at EB Live
Jane Earnshaw, senior director of reward at Asda, will give delegates an insight into the retailer’s company-wide recognition scheme at Employee Benefits Live.In the session, titled ‘Motivation and recognition schemes to drive productivity’, Earnshaw will demonstrate how the organisation has developed its recognition scheme over the past 15 years, particularly ...
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AnalysisWhat is the real take-up of flexible benefits?
If you read nothing else, read this…Take-up of benefits offered via flexible benefits schemes can vary between industry sectors.Take-up could be limited by the perceived relevance of a benefit to an employee.Providing core levels of cover for some benefits and enabling staff to flex up or down to a certain ...
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Supplier article
Johnson Fleming receives Living Wage accreditation
The Living Wage commitment will see everyone working at Johnson Fleming, regardless of whether they are permanent employees or third-party contractors and suppliers, receive a minimum hourly wage of £7.65 — significantly higher than the national minimum wage of £6.31.The Living Wage is an hourly rate set independently and updated ...
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ArticleRound-up of tax and legislation changes in summer 2014
Here is a round-up of legislative and tax changes announced this summer:The government published its draft Taxation of Pensions Bill, which provides further details about how people can access defined contribution pension savings flexibly from April 2015. The government confirmed that National Savings and Investments and HM Revenue and Customs ...
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ArticleWhat employers need to know about calculating holiday pay
In July, the Confederation of British Industry (CBI) warned that these costs could run into billions of pounds and could even bankrupt some organisations. Katja Hall, deputy director-general at the CBI, said: “Moving the legal goalposts in this way is unacceptable.“We need the UK government to take a strong stand ...
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OpinionDr Zofia Bajorek: How to make flex schemes succeed
Flexible benefits schemes are formalised systems enabling employees to vary their pay and benefits packages to satisfy their personal requirements.They are no longer regarded as a simple staff retention tool and it has been suggested that this may be connected to efforts to improve employee engagement towards specific business goals, ...
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Case StudiesLSL Property overhauled benefits with flex
LSL Property Services launched an online flexible benefits scheme for its 5,000-strong workforce after identifying a need to overhaul its benefits package. The property group, which owns estate agency brands Reeds Rains and Your Move, launched the programme after staff focus groups highlighted the need to offer more choice.Nearly two-thirds ...
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ArticleManufacturing employees see 2.6% pay rise
Pay rises in the manufacturing industry are rising faster than any other industry sector, according to research by engineering and manufacturing employers’ association EEF.Its survey, which covered 331 organisations and 68,000 employees, found that pay rose by 2.6% in the six months from February to July, an increase from 2.4% ...
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ArticleBusinesses estimate a third of staff will struggle past traditional retirement age
HR directors believe that on average 31% of their current workforce would not be able to perform their jobs adequately past the traditional retirement age. Despite this, over half (54%) of businesses expect an increase in the number of older employees within the company.The research, conducted for MetLife Employee Benefits ...
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ArticleLine managers key to employee engagement
Line managers are responsible for employee engagement, according to Professor Linda Holbeche (pictured), co-author of Engaged: Unleashing Your Organisation’s Potential Through Employee Engagement.Organisations need to step away from the practice of human resources surveys and focus more upon benefits and rewards, to ensure a more engaged workforce.“If you create high ...
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Article20% never receive a thank you from their employers
One in five (20%) employee respondents say they never receive any form of thank you from their employer, according to research by One4all Rewards.Its Power of thank you report, which surveyed 1,000 employees, found that three quarters (75%) of respondents feel that they do not receive sufficient gratitude from their ...