All Employee Benefits articles in Web Issue – Page 787
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Article
Financial education in the workplace: engaged employees better for business
This article has been supplied by our channel sponsor, Foster DenovoBy Darren Laverty, director of sales and marketing at Foster Denovo, the parent company of employee benefit adviser SecondsightIn early October, we released the results of some research (1) we undertook on the theme of workplace financial education.According to the ...
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AnalysisHow to motivate staff through the January blues
If you read nothing else, read this…In January, employees may be suffering from the effects of their excessive festive spending, overindulgence and the dreariness of the winter season.There are plenty of low-cost benefits that employers can use to motivate staff .But employees may value their manager’s time more than any ...
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AnalysisHow emotional intelligence can boost staff health and wellbeing
If you read nothing else, read this…An important aspect of emotional intelligence is learning to notice feelings as they occur.Employees can gain access to the deeper, quieter signals in the brain that allow more creative, intuitive and inspired levels of thinking by learning how to calm down the emotional brain, ...
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ArticleNewcastle upon Tyne Hospitals increases car plan take up
Newcastle-upon-Tyne Hospitals NHS Foundation Trust has seen increased take up of its salary sacrifice car scheme.Some 8% of more than 9,600 employees who are eligible for the scheme, which is provided by CPC Drive in partnership with Tusker, have taken up the option to purchase a car.This equates to 645 ...
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Case StudiesSouthern Water launches cash plan to meet staff demand
Just over 68% of the utility’s employees have joined the scheme, which is funded by the organisation, with employees liable only for a small benefit-in-kind tax payment. Suzanne Gregory, reward manager at Southern Water, says: “The cash plan fits really well with our promotion of the wellbeing programme we are ...
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ArticleGovernment votes in favour of firefighter pension changes
The government has voted in favour of changes to firefighters’ pensions, which will see them have to work until age 60 and receive increased pension contributions after the government voted in favour of the changes.The measure, which has led to a series of strikes by union members, was passed by ...
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ArticleCompetition in retirement market is not working
A failure by many consumers to shop around or switch provider to get the best annuity deal proves that competition in the retirement market is not working as well as it could be, according to research by the Financial Conduct Authority (FCA).The regulator’s Retirement income market study, which examined products ...
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ArticleFuel duty to remain frozen
Autumn Statement 2014: The government has confirmed that fuel duty will continue to remain frozen. Chancellor George Osbourne cancelled the fuel duty increase planned for September in his 2014 Budget.Overall, action on fuel duty since 2011 will save a company car driver around £675 by the end of 2015/16.
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ArticleFujitsu to pilot emotional resilience programme
EXCLUSIVE: Fujitsu is to pilot an emotional resilience programme for its 10,000 employees in the UK and Ireland.The technology organisation’s aim is to help support its employees’ mental health, after it identified core issues using benefits data, including absence information, sampling from health screening and data from its private medical ...
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ArticleFirefighters stage further strike over pensions proposals
Firefighters in England are taking further industrial action over pensions today (9 December) following the government’s decision to commence the Parliamentary procedure to implement regulations for a revised pension scheme. The 24-hour walkout began at 9am this morning.After nearly three years of negotiations, firefighters in England are being offered a ...
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ArticleFit for Work service launches
The Fit for Work service was launched yesterday (15 December).Previously known as the Health and Work Service, it offers impartial advice for dealing with long-term absence. Its services include an online library and telephone, email and online support for employers, employees and general practitioners (GPs).The Fit for Work service will ...
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ArticleTalkTalk increases share scheme take up
EXCLUSIVE: TalkTalk has increased take up of its employee share plans for 2014.The telecommunications organisation introduced its sharesave scheme, provided by Equiniti in 2010. It has launched a new plan every year since offering both a three and five-year scheme.Prior to the launch of this year’s schemes, some 55% of ...
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OpinionAndrew Roycroft: Tax relief for bonus clawbacks
The tax position of such arrangements is complicated by the commercial imperative to pay the bonus upfront, and any repayment occurs only at a later date (clawback). Such bonuses are taxed on receipt, and the difficulty is obtaining tax relief for the repayment.The rules governing deductibility of amounts paid by ...
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AnalysisIs benefits benchmarking still relevant?
If you read nothing else, read this…Benefits benchmarking remains important, but employers should set clear aims and expectations at the outset.Common reasons for benchmarking benefits include good governance, the need to fill a specific role, post-merger or acquisition, or to cater for a new business division.Specialised bespoke benchmarking surveys can ...
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Case StudiesAker Solutions benchmarks benefits globally
Philip Hutchinson, head of reward at the global provider of products, systems and services to the oil and gas industry, says the organisation starts by looking at the statutory minimums required in each country and what is typically offered above these. It follows this by benchmarking within the oil and ...
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ArticleDebbie Lovewell-Tuck: Benchmarking is becoming relevant again
For most benefits professionals, the last few years will have been largely taken up with projects such as auto-enrolment compliance, dealing with the impact of a volatile economic climate and working out how to motivate staff while pay freezes continue. Throughout this time, benchmarking benefits packages is less likely to ...
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Article75% of 30-49 year olds do not understand pensions
Three-quarters (75%) of 30-49 year olds and 81% of 18-29 year olds do not understand pensions, according to research by Barnett Waddingham.Its Helping Hands research, which surveyed 850 members of the public, also found that 40% of respondents aged between 18 and 29 claimed not to have heard of pensions ...
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ArticleEmployee Benefits digital magazine – December 2014
Read this month’s articles in the digital magazine by clicking the links below, or read the online versions by using the links to the right under ‘Related articles’ (these articles will go live in stages during December 2014).Benchmarking their benefits package against that of competitors will help employers attract talent ...
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ArticleUpdate of key compliance issues in November
The Employment Appeal Tribunal (EAT) ruled that overtime pay must be included in holiday pay calculations.PricewaterhouseCoopers lost a sex discrimination case against an employee, Erik Pietzka, who wanted to work flexibly but had his request rejected. The employment tribunal heard that the employee who dealt with Pietzka’s application was of ...