All Employee Benefits articles in Web Issue – Page 818
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ArticlePeople in the South West spend most time in retirement
People in the South West of England are likely to spend the most amount of time in retirement (18.7 years), compared to counterparts in other areas of the UK, according to research by Club Vita, part of Hymans Robertson.The study, which surveyed 1,526 UK adults who have not retired, also ...
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ArticleEAT rules controlled type 2 diabetes is not a disability
The Employment Appeal Tribunal (EAT) has ruled that type 2 diabetes which is controlled by diet and does not have a substantial adverse effect on an employee’s day-to-day activities does not amount to disability discrimination.In the case of Metroline Travel v Stoute, the claimant was a bus driver who suffered ...
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Opinion
3 leader: Clare Bettelley: Why employers should avoid creating dictatorial health and wellbeing strategies
Employers’ efforts are being driven by corporate objectives ranging from becoming an employer of choice to boosting employee engagement and retaining key talent. And then there are the organisations that are simply copying their competitors’ initiatives or chasing the latest market developments, particularly around wearable technology.But employers must beware of ...
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Article69% of managers do not believe stress warrants time off
More than two-thirds (69%) of senior business managers do not believe stress, anxiety or depression is a serious enough reason for employees to take time off work, according to research by Axa PPP Healthcare.Its survey of 1,000 employees and 1,000 senior business managers, such as chief executives and managing directors, ...
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ArticleAmerican Express and Heineken to speak at FEM London event
American Express, AugustaWestland, British American Tobacco and Heineken are among some of the employers that will speak at the FEM London Roadshow run by Employee Benefits’ sister brand the Forum for Expatriate Management.This year, Employee Benefits is working in partnership with FEM on the show’s Fundamentals of Internal Assignments stream, ...
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Case StudiesThe benefits offered by Bibby Financial Services
BenefitsPensionA Bibby Line Group-managed contract-based defined contribution (DC) pension scheme open to all employees, with employees’ contribution rate set at 4% and Bibby’s contribution rate set at 5%.A second contract-based DC scheme has been set up for auto-enrolled staff, with contribution rates set at the government’s statutory minimum (currently 1% ...
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Case StudiesBibby Financial Services at a glance
Bibby Financial Services specialises in invoice finance, which provides businesses with the funding that they need for cashflow as a result of unpaid invoices that they have in the pipeline with their customers.The organisation employs around 738 employees in the UK and more than 1,260 globally in 46 locations across ...
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ArticleWindsor Castle staff balloted on industrial action over pay
Windsor Castle is facing industrial action over employees’ pay.This is the first time such action specific to the royal households has been carried out.The Public and Commercial Services Union (PCS) opened a ballot for staff of Windsor Castle on 31 March. It will close on 14 April with action planned ...
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ArticleMcDonald's improves employee benefits in the US
McDonald’s USA is enhancing its benefits offering for more than 90,000 employees at its company-owned restaurants.It will include a wage increase and paid time-off for all employees of up to five days.The global restaurant chain will also provide eligible employees at both its company-owned and franchise restaurants with free high ...
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Supplier article
India: Modi, reform and the oil price fall
Watch Lord Karan Bilimoria, founder of Cobra Beer, and Kunal Desai, head of Indian equities at Neptune Investment Management, discuss the outlook for India, alongside industry experts Darius McDermott and Jeremy Batstone-Carr. Watch the video.Narendra Modi is driving structural changes that we believe will transform the Indian economy. In a ...
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Case StudiesDanone tracks health assessment impact to help support staff needs
The fresh dairy organisation previously offered the assessment, which offers a full health screen, only to senior staff, but it decided to extend access in line with its business objective to help people live healthier lives.As a result, 476 staff undertook a health assessment between the launch of the benefit ...
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ArticleEmployee Benefits digital magazine - April 2015
Read the full digital April edition of Employee BenefitsWhy should organisations take steps to shelter themselves against employee benefit-related risk? Read how they can do so in Protective measures.Some employee benefits attract tax and national insurance exemptions, so it is essential that employers keep up to date with the rules ...
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ArticleLegislation and tax changes that took effect from 6 April 2015
On 6 April 2015, a number of changes to tax and legislation impacting employee benefits came into effect.The full list of changes are:Pensions:Individuals over the age of 55 now have access to their defined contribution (DC) pension savings in full. Employees can take their savings as cash, enter drawdown or ...
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ArticleHome Group recognition scheme boosts corporate values
Housing charity Home Group offers its staff recognition e-cards to send to one another for helping to better represent its core values and increase employee engagement.So far, 12,000 of these have been sent to employees. The organisation also conducted workshops in-house with employees and managers about how to better live ...
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ArticleEA Gibson launches employee ownership trust
Shipbroking firm EA Gibson has launched an employee ownership trust.The firm is now 100% owned by its employees following a buy out from oil and gas supply firm Hunting.Employees in an employee-ownership trust organisation can receive income-tax-free bonuses of up to £3,600 per tax year.The organisation was advised by Graeme ...
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OpinionAndrew Powell: IBM case provides important insight for HR and pensions admin
The remedies judgment was handed down on 20 February and, while lengthy, provides some important insight for those working in HR and pensions administration. The original High Court ruling found that IBM had breached the contractual duty of trust and confidence when it undertook a statutory employment consultation process in ...
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Supplier article
Two in three employers intend to use Fit for Work service
Fit for Work is the government’s new flagship policy to reduce long-term sickness absence in the UK. The service began its long-awaited roll-out in March in two geographical areas, and should be available in many other regions by the end of 2015. The service will provide a free and independent ...
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Supplier article
Want to minimise the risk of cardiac conditions in the workplace?
We present a unique opportunity to meet one of the nation’s leading Cardiac specialists, Dr Cliff Bucknall, who will share with you a fascinating insight into the world of advanced diagnostics and treatment techniques of cardiac conditions.Barney Pascall, who is responsible for running the London Bridge Clinic of Clinical Prevention ...
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ArticleDon't miss the 2015 Employee Benefits Awards and summer party
The 13th annual Employee Benefits Awards 2015 will take place on 12 June at the Artillery Garden at the HAC in London.Through its 23 categories, the awards enable reward and benefits professionals to gain recognition for the outstanding work they have undertaken over the past year.The awards and summer party ...
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ArticleMichelle Cracknell: How can employers predict employees’ behaviour around pension flexibilities?
At The Pensions Advisory Service (TPAS), call volumes have been high since the start of 2015, which includes a significant proportion of people asking about how the new reforms would work.Based on our helpline, there is an indication that April may see people using the reforms to tidy up defined ...