All Employee Benefits articles in Web Issue – Page 781
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Analysis
Pensions default investments in numbers
66% - of trustee respondents are looking to change their pension scheme’s default strategy within the next 18 months. Source: SEI’s Defined contribution pensions survey, published in August.15% - of UK respondents said they would take ‘somewhat high-risk’ or ‘high-risk’ investments in order to receive better returns. Source: State Street ...
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ArticleDebi O'Donovan: Benefits are changing to attract young talent
But for the millennials, or Generation Y if you prefer, they probably feel they have stepped back in time when they come into the workplace.For example, the technology we use at work often falls behind that used by people at home, while the ability to upgrade, as you would with ...
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Case StudiesBGL Group offers wide package to attract top talent
Much of its focus revolves around the overall employee experience, with a strong emphasis on wellness, the office environment and enabling staff to get involved in charitable initiatives.Claire Whieldon, head of reward, says: “We have a huge amount of fundraising events, from dragon boat racing to employees going off to ...
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OpinionMichael Rose: Benefits must give the right messages to motivate staff
While considerable attention is given to the extent to which money is a motivator (my view is that for the vast majority of people, it is not), little is said about the role of benefits in employee motivation. With the money spent on salaries and bonuses normally dwarfing the cost ...
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ArticleGlobal mobility challenges in Brazil, South Africa and Turkey
EXCLUSIVE: There are a number of challenges employers need to consider when relocating employees to Brazil, South Africa and Turkey, which will be discussed at Employee Benefits’ sister brand the Forum for Expatriate Management’s (FEM) EMEA Global Mobility Summit 2014 on 7 November.Kelly Adam, client services director and Lisa Reid, ...
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ArticleLiving wage increases to £7.85
The UK living wage has increased to £7.85 an hour and the London living wage has increased to £9.15 an hour.The voluntary wage, which increased by 20p and is set by the Living Wage Foundation, is now 21% higher than the compulsory national minimum wage, which is currently £6.50 an ...
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ArticleSiemens launches social media website
EXCLUSIVE: Siemens has launched an internal social media website to help communicate its employee benefits to more than 13,000 employees in the UK.The Siemens Social Network, which has on average 40% of its employees visiting the site every month, allows the organisation to create groups, post new topics and let ...
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AnalysisTalent wars: How to use reward effectively
If you read nothing else, read this…Skills shortages are back on the agenda, with engineering and technology among those in demand.Businesses are again looking at how they can attract top talent, tailoring their offerings to suit their target employee base.Organisations are increasingly looking to benchmark how their total reward proposition ...
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ArticleEuropean Global Mobility Summit takes place on 7 November in London, UK
American Express, Deutsche Bank, and TNT Express are among the employers that will speak at the EMEA Global Mobility Summit 2014 in London on 7 November. This flagship event, run by Employee Benefits’ sister brand the Forum for Expatriate Management (FEM), brings together influential global mobility professionals, providers, consultants and ...
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ArticleEmployers need a crisis management plan to tackle Ebola outbreak
The latest figures from the World Health Organisation (WHO), at the time of writing, put the current death toll at 4,900. The outbreak also continues to hit health workers. So far, 443 healthcare workers have been infected with Ebola, of which 244 have died.Only Nigeria and Senegal have been declared ...
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AnalysisHow to reward those at the top of their game
If you read nothing else, read this… Motivation could be influenced by intellectual, social and emotional factors.Experts’ reward packages could be enhanced to maintain productivity.It is not all about reward, a simple thank you and recognising good work still impacts motivation.Business opportunities such as allowing experts to work into other ...
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Case StudiesRed Setter uses family friendly approach to motivate staff
The company is comprised of ex brand directors, account directors and marketing managers who have all been used to working at a high level. Also, the majority of its employees have children.Claire Blyth, founder of Red Setter, says: “If they were still working in London they would all be experts ...
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OpinionJeanette Makings: Financial education provides essential retirement guidance
The new pension reforms announced by chancellor George Osborne in the 2014 Budget have been welcomed by most pensions professionals, despite them requiring employers, providers and the industry at large to move quickly to respond.The changes, which include the abolition of compulsory annuity purchase for defined contribution pension scheme members, ...
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Article50% to offer new pension flexibility to older staff
Half of respondents could offer new pension and remuneration flexibility to older workers to enable them to take advantage of the new Freedom of Pensions rules, according to research by Jelf Employee Benefits.The new legislation, which is due to come into force in spring 2015, will allow older employees, (those ...
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ArticleMen twice as likely to earn over £50,000
Men working full-time are twice as likely to earn more than £50,000 a year than full-time female employees, according to research by the Trades U nion Congress (TUC).Its analysis of official figures published to mark Equal Pay Day today (4 November) found that one in 15 women working full-time earns ...
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ArticleOvertime must be included in holiday pay
The Employment Appeal Trubunal (EAT) has ruled that overtime pay must be included in holiday pay calculations.The decision relates to three conjoined cases:Bear Scotland v Fulton and Baxter.Hertel (UK) v Wood and others.Amec Group v Law and others.Bear Scotland v Fulton focused on whether overtime pay or shift allowances should ...
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ArticleGovernment taskforce to assess holiday pay ruling
A taskforce is to be set up to assess the possible impact of the ruling on holiday pay from the Employment Appeal Tribunal.In the UK Employment Appeal Tribunal judgement it was decided that holiday pay should reflect non-guaranteed overtime.The taskforce, which was announced by business secretary Vince Cable, will consist ...
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Supplier article
Don’t let young employees ‘opt out’ of the pensions conversation
Of course, it’s easy to downplay this statistic and argue that a high opt-out rate among this demographic is to be expected, given that, to use an old cliché, ‘they have got their whole lives ahead of them’, but should it be cause for concern?From the very first announcement of ...
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ArticleTop 15 most visited stories online in October
1. Employee Benefits Live 2014 speaker slides 2. Court rules employers are liable for lost pension rights 3. Members to be able to take multiple tax-free lump sums from pensions 4. Nestle employee liable for tax on payment in lieu of benefit 5. Rolls-Royce switches healthcare trust provider 6. Total ...
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ArticleAnne Teggart: Has flexible benefits had its day?
The make-up and needs of our workforces are changing, so as employers, we should constantly be re-visiting our employer value proposition to ensure that what we are offering drives the best possible engagement. That includes benefits, as well as the breadth of other plans and programmes that make up the ...