All Employee Benefits articles in Web Issue – Page 798
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ArticleTeachers' starting salary £3,600 higher than UK average
The average teacher earns £3,600 more per year than the average UK worker in their starting salary, according to research by teacher recruitment firm Edu StaffIts study, which surveyed 1,000 public and private sector teachers, also found that average starting teaching salary stands at £24,783 compared to the UK average ...
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ArticleUniversity of Oxford seeks living wage accreditation
The University of Oxford plans to become a living wage employer after seeking accreditation. It already pays central university staff the living wage.Accreditation will mean the organisation will extend the living wage to all employees, including its contractors.The UK living wage currently stands at £7.85 an hour.Once accredited, the University ...
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ArticleTesco and Carillion to introduce health app
Tesco and Carillion are to launch a new health and wellbeing app for their employees, which is being introduced by healthcare provider Bupa.The supermarket giant will make the app available to its 330,000 strong workforce, while Carillion will offer it to its 20,000 employees in the UK.The app, called Bupa ...
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OpinionClare Bettelley: Benefits market consolidation is long overdue
Two of the higher-profile deals saw insurance giant Aviva’s £5.6 billion takeover of Friends Life and Sodexo’s £41 million takeover of incentive and recognition provider Modivcom.For many benefits professionals, consolidation cannot come soon enough to help tackle market saturation, particularly in the healthcare arena.As Jackie Buttery, an independent benefits consultant, ...
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AnalysisMental health in numbers
A round-up of the latest facts and figures around stress and mental health.48% cite stress and mental ill-health as a main cause of employee absence (Group Risk Development: Group risk employer research, November 2014)56% find work very or fairly stressful (Mind, November 2014) 30% said they would not be able ...
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ArticleYvonne Stewart: Is shared parental leave a good thing?
We definitely see it as a positive thing.Dell has a longstanding culture of encouraging team members to optimise their work-life balance. We offer online training to help employees assess their current work-life balance, and overcome any internal and external obstacles to achieving a healthy balance.Our goal is to ensure that ...
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ArticleAmey appoints Ian Deninson
As part of the executive team, Deninson will lead and deliver the group’s HR strategy and play a role in driving the organisation’s growth targets, maintaining high levels of employee engagement and developing its talent management strategy. Previously, he has held senior UK and international HR director positions at organisations ...
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OpinionNadeen Jackson-Barker: Engineer engaging communications
With workforces becoming increasingly diverse, it is more and more difficult to find the right communication approach to engage staff.And with shrinking benefits budgets and soon-to-be five generations in the workplace, how can employers be sure to communicate benefits programmes in a way that is effective and packs an engagement ...
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ArticleNatalie Holt moves up at BAE Systems
She will work closely with the organisation’s HR director, reward to ensure high-quality, accurate and efficient reward services, will develop effective and positive relationships with the business, and manage, coach and develop her team.Holt’s previous roles include HR manager, group reward at BAE Systems, senior HR adviser at Raymarine and ...
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ArticlePatricia Wall joins Parabis Law
She will develop reward structures, define a programme of reward improvements and build a reward philosophy that underpins the organisation’s reward strategy.Wall’s previous roles include interim reward manager at HJ Heinz, reward manager at British Gas Business, and a compensation and benefits consultant at Dentsply.
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ArticleHSBC promotes Maria Strid
Strid’s previous roles at the bank were head of performance and reward UK, and deputy head of performance and reward.Before moving to HSBC, Strid spent six years at Santander UK, most recently as head of reward and international mobility, and five years at Arup as a reward specialist.
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ArticleEmma Codd: Is shared parental leave a good thing?
Any organisation that wants to attract and retain the best staff must recognise the significance of the legislation to its talent management strategy.Shared parental leave should build on a bigger commitment to workplace agility, recognising employees’ needs and ensuring they can work in a way that supports them in managing ...
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AnalysisHow to support staff with musculoskeletal disorders
If you read nothing else, read this…Rapid diagnosis and treatment are ideal for tackling musculoskeletal disorders (MSDs).Education about health should encourage staff to make healthier choices.Exercise can be an effective tool to improve employee health and prevent or treat MSDs.Healthcare strategies should focus on the needs of the workforce while ...
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AnalysisHow to align international benefits with business objectives
If you read nothing else read this…Aligning an international benefits strategy with global business objectives can improve efficiency, administration and bring economies of scale.Carrying out regular country-by-country audits is a good idea, but many employers fail to do so.It may be helpful to bring in a consultancy with international experience.International ...
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Case StudiesBecton Dickinson personalises financial education for staff
As part of the programme introduced in November 2014, the firm uses Nudge’s Global Quantum technology, which uses HR and benefits data to profile employees and pre-empt their individual financial needs.Employees are then sent a number of messages about how to save money or set and track financial targets. These ...
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ArticleTax-efficient benefits in numbers
35% of employers offer their staff tax-efficient benefits via salary sacrifice as part of a cohesive flex plan. (Employee Benefits/Towers Watson Flexible benefits research 2014, March 2014)Pension contributions via salary sacrifice and childcare vouchers are the most commonly offered tax-efficient benefits via a salary sacrifice arrangement. (Employee Benefits/Towers Watson Flexible ...
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ArticleBettelley's Brooding: The challenges of Fit for Work
The pensions market is a case in point, as an increasing number of employers have moved from defined benefit to defined contribution schemes for their workforces in a bid to share the associated costs and risks.Meanwhile, employers have been urged to support employee health and wellbeing through government public health ...
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AnalysisWhat does pension default fund jargon really mean?
If you read nothing else, read this…Terminology relating to pensions default investment can be complex and not always simple to understand.Key terms include lifestyling, tactical asset allocation, white labelling and decumulation phase.Understanding industry jargon can help benefits managers to explain key concepts to their workforce.Lifestyling This is an investment ...
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AnalysisThe evolution of group income protection
When group income protection came about in the 1970s in the form of ‘permanent health insurance’, employers would dust off their policy when someone had been off sick for five or six months. By then, entrenchment would have set in, there would be little expectation of a return to work ...
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AnalysisTop tips for managing grey fleet
If you read nothing else, read this…Employers thinking about grey fleet need to consider the implications of breaching the Corporate Manslaughter and Corporate Homicide Act 2007.All organisations running company car schemes require a clear grey fleet policy.Employers can help to reduce their grey fleet risk by removing financial incentives, such ...