All Employee Benefits articles in Web Issue – Page 827
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Supplier article
Jelf Group announces interim results for the six months ended 31 March 2015
Financial highlightsStrong financial performance continues:Revenues 11.0 per cent ahead of last year at £43.7m (2014: £39.3m)EBITDAE pre-share costs increased by 24.6 per cent to £8.1m (2014: £6.5m)EBITDAE margin pre-share costs increased by 12.3 per cent to 18.5 per cent (2014: 16.4%)Fully diluted earnings per share increased by 12.8 per cent ...
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Supplier article
Income protection — some ideas for the new government…
For those not immediately familiar with this topic, this link will take readers to a blog last year that outlines the very real financial dangers that most working households are exposed to should an income earner be forced into a prolonged period of absence from work through illness or injury. ...
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ArticleBetfred offers staff short-term loans
Betting firm Betfred is offering short-term loans of up to £1,000 per year for its 10,000 employees.The loans, which are advertised on the organisation’s staff intranet site, attract an annual percentage rate (APR) of 39.99%.A Betfred spokesperson said: “A number of products are advertised on the staff intranet and the ...
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ArticleEE and Network Rail shortlisted for mental health resilience
EE, Nationwide and Network Rail are among the employers shortlisted for the ‘Best mental health resilience strategy’ award at the Employee Benefits Awards 2015.The award, sponsored by MetLife, recognises employers that have made a concerted effort to tackle employee stress and mental health resilience in the workplace.Shortlisted employers will have ...
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Supplier article
David Cameron appoints former adviser to Tony Blair as new pensions minister
Altmann began her career as an academic at University College London, the London School of Economics and Harvard University, researching UK pensions policy, occupational pensions and retirement.She has also previously worked as a director of over-50s specialist Saga Group and has been a ‘business champion’ for older people during the ...
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ArticleBritish Gas appeals holiday pay decision
The appeal comes from the employer and its law firm Eversheds after an employment tribunal ruling in March found that commission must be included when employers calculate holiday pay.In the case of Lock v British Gas, the tribunal ruled that the Working Time Regulations should be read to ensure commission ...
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ArticleNetwork Rail staff reject pay deal
Network Rail employees have rejected a four-year pay deal and voted for strike action over the proposals. The rail operator had proposed to make a one-off lump sum payment of £500 this year. Salaries would then rise each year from 2016 to 2019 in line with the retail prices index ...
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Article
Next ends Sunday bonus payment
Next is removing the premium payment scheme for its employees who work on Sundays.The fashion and homeware retailer, which employs 52,000 workers, paid staff who joined the organisation before November 2001 1.5 times their regular hourly rate for working on a Sunday, while staff who joined between November 2001 and ...
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Supplier article
Top 15 most visited stories online in May
1. How will the changes to childcare vouchers affect staff?2. A guide to tax-efficient benefits 3. Arup boosts benefits take-up among generation Y staff 4. How employers can boost employees’ emotional resilience 5. Find out how the new government will impact benefits 6. It pays to be tall 7. Employers ...
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Case StudiesCiti introduces shared parental leave to equalise support for working parents
The result is a package that offers up to 26 weeks’ fully-paid SPL for each working parent planning to share leave with their partner.Carolanne Minashi, head of diversity, employee relations and employee engagement at Citi, says: “We ended up with a policy massively governed by our intention and priority around ...
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ArticleWorkplace health: strategies in practise
Employers keep finger on pulse on employee health What are the latest trends in workplace health and wellbeing support?Why employers should avoid creating dictatorial health and wellbeing strategiesHealthcare is dominating an increasing number of employers’ benefits agendas as they strive to encourage staff to take responsibility for, and manage, their ...
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Analysis
41, World Duty Free Group motivates staff through recognition schemes
If you read nothing else, read this…World Duty Free Group revamped its recognitions schemes after listening to staff feedback.Employees are now more engaged with its suggestion scheme.More employees are now recognised in its peer recognition scheme.Working with Red Letter Days for Business, the organisation has relaunched two of its employee ...
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ArticleITV employees strike over pay
Staff at ITV are staging a 24-hour strike today (14 May) after rejecting the broadcasting organisation’s 2% pay increase offer for 2015 in January.Over three-quarters (77.6%) of National Union of Journalists (NUJ) members at ITV voted in favour of the strike action, and 80.6% voted for industrial action just short ...
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ArticleClifford Chance and Roche shortlisted for health benefits
Clifford Chance and Roche are among the employers that have been shortlisted for the award ‘Best healthcare and wellbeing benefits – small employer’ at the Employee Benefits Awards 2015.The award, sponsored by Westfield Health, showcases employers that have put in place a strategy that helps promote health and wellbeing in ...
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Supplier articleTop 10 stories this week
The top 10 most read stories between 7-14 May on employeebenefits.co.uk:1. Find out how the new government will impact benefits 2. It pays to be tall 3. Samsung adds new perks to flex and revamps communications 4. British Gas appeals holiday pay decision 5. Network Rail staff reject pay deal ...
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AnalysisHow sustainable is employee motivation in a zero or low pay rise environment?
If you read nothing else, read this…A lack of pay increases can hinder motivation.Employers that take steps to engage their workforces are more likely to be rewarded with loyalty.Gift or e-gift vouchers can be effective motivation tools.Research by Canada Life Group, published in December 2013, found that pay increases, or ...
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OpinionLovewell's Logic: How much financial help should employers offer staff?
Employers offering loans to their staff is nothing new, and particularly at a time when some lower-paid staff are struggling to make ends meet, these can be a valued benefit.But, unlike many of the interest-free loans offered by employers, Betfred’s offering attracts 39.99% APR on the value of the loan. ...
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ArticleTiens Group funds staff holiday to France
Something for the weekend…Some 6,400 employees at Chinese pharmaceutical firm Tiens Group have been given a holiday to France for free.While on the trip to celebrate the 20th anniversary of the organisation, the workers also broke a Guinness World Record for building the largest human sentence that could be viewed ...
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Case StudiesMarks and Spencer takes a mixed approach to staff motivation
With 75,000 employees across more than 800 UK stores, M&S uses traditional cost-cutting methods and technology to engage staff. For example, its internal social media network Yammer helps bring workers together, as well as congratulate them for hard work.Throughout February 2015, 15,000 M&S staff were in conversation across the Yammer ...
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Article8% have bought an annuity since pensions flexibilities took effect
Less than one in 10 (8%) of staff have opted to purchase an annuity following the introduction of the pension freedoms that were introduced in April, according to research by Hargreaves Lansdown.Its analysis of the behaviour of 12,000 employees also found that three-quarters (75%) of respondents chose to drawdown income ...