All Employee Benefits articles in Web Issue – Page 844
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ArticleCope moves to Konica Minolta Business Solutions
Michael Cope has become compensation and benefits manager at Konica Minolta Business Solutions.Cope previously held the position of interim reward manager at Shop Direct, Morrisons, Ericsson and Severn Trent Water, as well as regional reward manager (Europe) at Cristal Global and reward manager at Carillion and St Ives.
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ArticleBNP Paribas wins top prize at Employee Benefits Awards 2015
The organisation took five prizes in total: ‘Best healthcare and wellbeing benefits – large employer’; ‘Best flexible benefits plan – large employer’; ‘Best alignment of benefits to business strategy’; ‘Best benefits communications – large employer’; and Grand Prix.The judges selected the banking firm as the Grand Prix winner because of ...
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ArticleTop tweets about the Employee Benefits Awards 2015
@Visualsoft: We had an amazing day in London on Friday at the #EBAwards (and walked away winners too!) – thank you @employeebenefit@Lucywillmeister: Reminded yesterday how fun bumper cars are #EBAwards @JoannaLongman: Congratulations to all the winners at the Employee Benefits Awards #EBAwards #Simplyhealth @Gramemejmooney: Great day so far at #EBAwards. ...
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AnalysisRead all about it: what health headlines should employers take note of?
If you read nothing else, read this…Staff’s health should be prioritised.Media coverage can tarnish the way health problems are perceived, or give employees and employers confidence to discuss issues.Keeping employees fit and healthy should be a key priority for employers because of the impact wellness has on productivity and retention. ...
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Article49% offer performance-related reward
Less than half (49%) of respondents offered a performance-related reward, incentive or recognition scheme in 2014, according to research by the Chartered Institute of Personnel and Development (CIPD). Its annual Reward management survey, which surveyed 525 senior reward and HR practitioners across the public, private and voluntary sectors, found that ...
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ArticleIkea to raise minimum hourly salaries to almost $12 in the US
Ikea will increase its minimum hourly wage for its US employees to $11.87, which is $4.62 above the US national minimum wage of $7.25 per hour.From 1 January 2016, the average minimum hourly wage paid to staff will rise from $10.76 to $11.87, a $1.11, representing a 10.3% increase.The initiative ...
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Supplier article
Making pensions and benefits relevant
We wanted to take this opportunity to address the issue of engagement with pensions. Monumental changes to pensions rules means you’ve most likely been doing a lot to help your employees approaching retirement with their planning, maybe even providing them with some education. But what about your other employees? Doesn’t ...
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Supplier article
Helping your most valuable asset to manage theirs
No one can deny that the freedoms are a welcome change from the previously rigid and stuffy world of retirement, but does free reign equal better results in retirement for your employees?Opportunities are plenty but so are the risksIn order to truly benefit from these reforms, individuals must be educated ...
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Supplier article
When will US rates rise?
By Felix Wintle, Investment Director & Head of US EquitiesThe most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in ...
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ArticleStay up-to-date with the Budget
Chancellor George Osborne will unveil the Summer Budget at 12:30pm today (8 July). Make sure you stay tuned to the Employee Benefits website for the latest news and updates following the announcement.Employee Benefits will be covering all aspects of the Budget impacting employee benefits, such as pensions, healthcare, pay and ...
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ArticleCook serves up living wage to staff
Frozen food retailer Cook has become an accredited living wage employer.Cook will ensure that all staff in its kitchens and across its 43 company-owned shops will be paid at least the hourly living wage rate of £7.85, and £9.15 in London locations.This will result in a pay rise for 322 ...
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ArticlePublic sector pay rises capped at 1%
Summer Budget 2015: Pay rises in the public sector are to be capped at 1% for a further four years, Chancellor George Osborne announced during the Summer Budget today (8 July).This cap will begin in 2016-2017. The measure is expected to save around £5 billion by 2019-20. Osborne (pictured) said: ...
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ArticlePersonal allowance increases to £11,000
Summer Budget 2015: The tax-free personal allowance will increase to £11,000 a year, Chancellor George Osborne announced during his Summer Budget speech today (8 July).In 2016-17, employees who earn up to £11,000 a year will not pay income tax. The new tax-free personal allowance threshold represents an increase of £400. ...
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ArticleLifetime and annual allowances reduced
Summer Budget 2015: As announced in March 2015’s Budget, The lifetime allowance for pension contributions will be reduced from £1.25 million to £1 million from 6 April, the government confirmed today (8 July).In the Summer Budget 2015, chancellor George Osborne also confirmed that transitional protection for pension rights already over ...
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ArticleGovernment to introduce national living wage
Summer Budget 2015: A compulsory national living wage will come into effect from April 2016.In his summer Budget, Chancellor George Osborne announced that workers aged 25 years old and over will receive £7.20 an hour. This is a 70p increase on the current national minimum wage and 50p higher than ...
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ArticleGovernment to consult on pensions tax relief
Summer Budget 2015: Chancellor George Osborne has announced that the government is to consult on a reformation of pensions tax relief.It will publish a green paper shortly setting out the various options, which range from fundamental reforms, for example moving to a system which is tax exempt like individual savings ...
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AnalysisWhat opportunities does pensions auto-re-enrolment bring employers?
If you read nothing else, read this…At the auto-re-enrolment stage, employers will need to re-enrol eligible staff into a pension scheme.It is an ideal opportunity for employers to review the systems and processes they have in place for auto-enrolment, as well as looking at the support they receive from their ...
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Case StudiesWelcome Break plans for smooth pensions re-enrolment
The motorway service operator began planning for its initial auto-enrolment six months prior to its staging date in June 2013, and found that by working with advisory service Aspira it was able to ensure a relatively smooth operation once the first contributions were made.Welcome Break operates two pension schemes for ...
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ArticleQantas staff to receive 5% bonus
Qantas Airways’ 28,000 employees will be receiving a £43 million bonus as a reward for agreeing to an 18-month pay freeze policy to cut costs.The bonus will be worth 5% of an employee’s base annual salary.It will cost approximately AUS$90 million on full implementation.This news follows Qantas reporting its best ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk between 2-9 July:1. Tax-free childcare delayed until 20172. ABInBev introduces financial education3. Stay up-to-date with the Budget4. Lifetime and annual allowances reduced5. British Sugar introduces holiday trading6. Government to consult on pensions tax relief7. Flexible working and holiday most important perks for ...