All Employee Benefits articles in Web Issue – Page 803
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ArticlePolice sting stress with beehive operation
Something for the weekend… Firearms officers at Scotland Yard might be using one of the most unusual ways to de-stress that we’ve come across at Employee Benefits, after starting a bee-keeping association.The Met Police Beekeeping Association says tending to bees is ideal because it is a ‘relaxing and rewarding hobby’, ...
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OpinionLovewell's Logic: New ideas for staff support
The scheme, which works in a similar way to interest-free travel loans, offers employees an interest-free loan to pay for a tenancy deposit when they move into a privately-rented home. Repayments are then deducted from their monthly salary over a period of time until the loan has been repaid.This is ...
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Supplier article
Businesses must audit auto-enrolment schemes to ensure compliance
The fines come despite warnings from TPR of the consequences for those businesses that do not adhere to the new auto-enrolment legislation.Recent figures have revealed a doubling in the number of breaches uncovered by TPR non-compliance investigations since the start of the year, and as more employers reach their auto-enrolment ...
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Article39% will change jobs if pay does not increase in 2015
More than a third (39%) of respondents will look for a new job if they do not receive a pay rise in the next 12 months, according to research by Glassdoor.Its quarterly Glassdoor UK employment confidence survey, which surveyed more than 2,030 people, also found that nearly half (49%) said ...
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Article
Madgex launches mindfulness workshops
EXCLUSIVE: Madgex has launched a series of mindfulness workshops for its employees to help reduce stress in the workplace.The workshops, which were delivered by wellness consultancy The Tonic, introduced staff to the concept of mindful living and its benefits with practical techniques including mindful meditation.Employees explored how to manage mental ...
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ArticleCNH Industrial to discuss global reward at Employee Benefits Connect
Employers looking to introduce or revamp a global reward brand should take inspiration from organisations that keep things simple. Speaking in a session titled ’Developing a global compensation and benefits brand’ at Employee Benefits Connect on 4 March, Rob Gerdes (pictured), vice president of compensation and benefits at CNH Industrial, ...
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ArticleOver half of NHS staff feel benefits communication is poor
More than half (52%) of NHS employees feel that communication about employee benefits from their bossis is poor or very poor, compared to 44% in 2013, according to research by The Voucher Shop.Its study of 3,204 NHS employees also found that just 2% believe the benefits communication they receive is ...
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ArticleEmployee Benefits Winter School launches
Employee Benefits will launch its first video Winter School for benefits and HR professionals on the week commencing 16 February. HR, reward and benefits professionals will be able to brush up their knowledge on the latest trends and changes in key benefits areas by watching this series of short videos.Benefits ...
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AnalysisHow much should employers segment workplace savings benefits for staff?
If you read nothing else, read this…Workplace savings can be segmented according to employees’ age, job function, gender, demographic and salary.New technology can be used to engage younger generations.Employers must ensure messages about workplace savings are relevant and communicated through appropriate channels. It is not uncommon for employers to have ...
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ArticleScottish Power agrees £2 billion DB pension longevity swap
Scottish Power has entered into a longevity swap for its defined benefit pension scheme.The longevity swap transaction covers almost £2 billion of pension liabilities and removes longevity risk from half of the scheme liabilities. It transfers the risk of almost 9,000 scheme members living longer than expected to three reinsurers.The ...
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ArticleFinancial Times staff receive 2.2% pay increase
Financial Times (FT) employees will receive above-inflation pay rises of around 2% from 1 April 2015. Editorial staff will see their salaries increase by 2.2% for those paid up to £65,000 for the calendar year. This translates to 2.93% under its HR adjustment formula.The pay deal, which was outlined in ...
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ArticleRoffey Park extends health and wellbeing initiative
EXCLUSIVE: Half of Roffey Park Institute’s employees have taken part in its second round of health and wellbeing workshops offered to all 60 members of staff.The leadership institute hosted the workshops for all UK employees in December 2014 and May 2014.Its first workshops were rolled out in September and October ...
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ArticleTop 15 most visited stories on the web
1. John Lewis Partnership faces £12m holiday pay cost2. The desk staff can use in bed3. Lookers launches employee discounts scheme 4. Disney, Pepsi and Starbucks to take part in wellbeing event 5. BP freezes pay globally for 2015 6. John Lewis reviews DB and DC pension schemes 7. FCA ...
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ArticleRoadchef staff win 17-year battle over share options
Hundreds of Roadchef employees are set to receive a pay-out after settling a 17-year dispute over lost share options.The long-running dispute was between Roadchef Employee Benefits Trustees (REBTL) on behalf of former and current members of staff and its former owner Timothy Ingram Hill, in relation to how the motorway-catering ...
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ArticleCarers lose £130 million in pay due to minimum wage breaches
Social care workers are losing out on £130 million a year due to pay rates that are in breach of the national minimum wage, according to research by independent think-tank the Resolution Foundation.Its analysis is part of an investigation into improving pay in social care, which is due to conclude ...
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ArticleUK employees to see real wage growth in 2015
UK employees will start to see a recovery in real wage growth in 2015 as a result of lower inflation levels, according to research by global management consultancy Hay Group.Its Global salary forecasts 2015 report found that while salary forecasts of 2.5% remain the same as 2014, lower predicted inflation ...
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ArticleOpenBet launches flexible benefits scheme
OpenBet is to launch a flexible benefits scheme to enhance its employee benefits package for its 450 UK employees. The software provider to the sports betting industry will launch the scheme, which is provided by Portus Consulting, in March. The plan will include critical illness cover, travel insurance, dental insurance ...
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ArticleAlign global benefits with business strategy
Employers should align global benefits with their business strategy to engage and motivate employees.Speaking in a session titled ‘Aligning global benefits with broader business strategy’ at Employee Benefits Connect on 4 March, Kim Smart (pictured), HR consultant and fellow of the Chartered Institute of Personnel and Development (CIPD), will discuss ...
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Supplier article
Show your business some love
Business owners recognise the need for protecting their business premises, stock and so on as part of their business continuity plans, but often overlook the potentially devastating impact to their business of losing an employee that they rely on financially. This individual could be you.Who might be key to your ...
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Supplier article
Auto-enrolment — don’t leave it too late…
At the end of 2014, The Pensions Regulator (TPR) reported that it had issued 1,139 warning notices to UK businesses and, of those, 169 firms received fines for AE non-compliance. This announcement was a clear message to all that failure to comply would result in action and, potentially, a penalty ...