All Employee Benefits articles in Web Issue – Page 783
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ArticlePay rises expected globally in 2015
Most employees around the world received a pay increase in 2014 and can expect to receive comparable increases in 2015, according to research by Aon Hewitt. Its Global salary increases survey, which researched 12,690 employers in 110 countries, found that employees in Africa are expected to see the highest rate ...
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ArticleBAE wins family-friendly employer award
BAE Systems Maritime Naval Ships, McMillan Williams Solicitors, the London School of Economics and Political Science (LSE) and Reality HR are among the employers recognised at the Workingmums.co.uk Top employer awards 2014.The awards, which were presented on 4 November at London’s Soho Hotel, recognise employers that have embraced the business ...
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Supplier article
Absence management systems gone AWOL from UK’s SMEs, reports Jelf
Iain Laws, managing director, UK healthcare, said: ‘This is a missed opportunity as many of the 69 per cent above may have an absence management platform in place but no process for taking advantage of the outputs. If the data is not understood or applied to help manage employee health ...
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Supplier article
Upgraded AEase takes pain out of the auto-enrolment compliance process
Jelf AEase was launched at the beginning of 2014 aimed at companies with up to 150 employees. From this, the company has learnt a lot about what is most important to smaller companies and has developed an enhanced service that is aimed to meet the specific needs of the small ...
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ArticleEXCLUSIVE: Aggregate launches mental health campaign
Aggregate Industries launched a health and wellbeing campaign to mark Mental Health Awareness Day, which was on 10 October.The construction and building materials manufacturer and supplier held four mental health awareness sessions at its head office on 11 October.The employer also ran 45-minute interactive sessions focusing on stress to mark ...
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AnalysisGroup risk supplement 2014
The Employee Benefits Group risk supplement 2014, sponsored by MetLife, rounds up the latest group risk trends and issues, enabling employers to keep up to date on the changing needs of their workforce.The report includes the following articles:Tom Gaynor: Employers need to demonstrate true value of employee benefits Clare Bettelley: ...
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ArticleCTL Engineering completes DB pension buyout
CTL Engineering has completed an insurance buyout of its defined benefit (DB) pension scheme.The consulting engineering, testing, inspection and analytical services organisation’s scheme has 115 members and assets of £12 million. Aviva was appointed to wind up the scheme within three months of transacting.Aon Hewitt advised on the buyout and ...
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ArticleMajority of staff active pension scheme members
Some 43% of respondents say 90% or more of their workforce are active pension scheme members, according to the Employee Benefits/Close Brothers Pensions research 2014.The research, which surveyed 216 respondents in September 2014, also found that approximately a quarter (24%) say between 80% and 89% of their workforce are active ...
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Supplier article
Number looking to gain from tax advantages ‘grossly underestimated’
The new legislation, which is due to come into force in spring 2015, will allow older employees (those over the age of 55) to access defined-contribution retirement funds in any format they desire. It follows that employers could redirect salary payments for such employees directly into pension savings with both ...
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OpinionSimon Nash: Why I'm not interested in making staff happy
Reward professionals are pretty straightforward people. We like to make salary and bonus decisions on an analytical basis, taking into account market data, labour market trends and the commercial drivers of the business and sector.When it comes to benefits, too, a similar logic applies. We are looking for return on ...
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AnalysisAutomatic-enrolment provides greater financial security for employees
September saw the launch of Scottish Widows’ fifth annual Workplace pensions report, providing insight on the attitudes and behaviours of thousands of employees in relation to their workplace saving.Two years on from the first auto-enrolment (AE) staging date, the impact that AE is having on workplace saving is starting to ...
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Case StudiesFirstGroup boosts pay through salary sacrifice
John Chilman, group reward and pensions director, says: “Initially, we called this ‘pay boost’ because existing members going into the scheme boosted their take-home pay, because they paid less national insurance. However, we changed the name to ‘salary adjustment’ in the UK, because the ‘pay boost’ term was not appropriate ...
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AnalysisPensions salary sacrifice: what employers need to know
If you read nothing else, read this…Pensions salary sacrifice involves employees sacrificing a proportion of their salary to contribute into their pension scheme.Salary sacrifice can reduce income tax and national insurance contributions for both employers and employees.The term ’salary sacrifice’ is increasingly being replaced with ’salary exchange’. What is pensions ...
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ArticleGovernment updates bring-your-own-device guidance
The guidance applies to any type of BYOD software product running on a personally-owned device including: container applications on personally-owned smartphones, bootable USB media on home PCs and remote desktop or remote application products.The security aspects in the guidance include: creating an effective BYOD policy to ensure devices are only ...
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AnalysisOctober case law round-up
Here is a round up of case law impacting employee benefits, where rulings have been made in the last month.A former Nestle’s employee has been ruled to be liable for the tax on a lump sum payment received in exchange for giving up membership of the organisation’s healthcare scheme. An ...
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Supplier article
Guide: how to... audit your employee benefit schemes
Click on the link below to download the guide.Links‘How to... audit your employee benefit schemes’
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ArticleOne in eight remain in low pay for a decade
One in eight (12%) employees have remained in low pay for more than a decade, according to research by the Resolution Foundation.The think tank’s Escape Plan report, commissioned by the Social Mobility and Child Poverty Commission, used official data sets to track low paid workers over the course of the ...
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ArticleAxa UK launches online employee benefits microsite
EXCLUSIVE: Axa UK has created a dedicated microsite through which staff past and present can access all of the organisation’s employee benefits information. The website allows staff to access information on the insurer’s flexible benefits, voluntary benefits and pension and share schemes. More than 6,500 employees have visited each of ...
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AnalysisMental health stigma still an issue in business
It is a sad reality that mental health prejudice still exists in business. An overwhelming number (94%) of UK business leaders admit that mental health prejudice is still present within their organisation.Stress and other serious mental health conditions can have a huge impact on both individuals and employers. Having a ...
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AnalysisWhy should employers care about their employees' blood pressure?
If you read nothing else, read this…High blood pressure is the most common health complaint in the UK today, with 30% of the population suffering from it.It is referred to as the ‘silent killer’ because its symptoms often go unnoticed and it can lead to some serious health problems.With regular ...