All Employee Benefits articles in Web Issue – Page 850
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ArticlePeel Ports introduces car salary sacrifice scheme
Peel Ports Group has introduced a car salary sacrifice scheme for its 1,100 members of staff.The scheme, provided by Tusker, launched in May 2015. It will build on the group’s flexible benefits scheme, which was introduced in 2014. Howard Sloane, group human resources (HR) director at Peel Ports Group, said: ...
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ArticleNetflix introduces unlimited maternity and paternity leave
Netflix has implemented unlimited maternity and paternity leave for its 2,019 members of staff during the first year after a child’s birth or adoption. The on-demand media streaming service has introduced the initiative in an attempt to combine the needs and aspirations of its employees and the business.Parents can return ...
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ArticleVolkswagen launches pension sessions for staff
EXCLUSIVE: Volkswagen has introduced educational classes about the pension freedoms for its 960 UK staff.The classes were designed following the pension flexibilities, which were first announced in the 2014 Budget. The first session was launched at the end of June 2015, with more seminars planned for September and November.The organisation ...
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ArticleTribunal rules on valuation of restricted shares
The First-Tier Tribunal has ruled that restrictions should be taken into account when shares issued to employees are valued for tax purposes.In the case of Sjumarken v HM Revenue and Customs [HMRC], Lars Sjumarken was employed by BNP Paribas as an investment banker, in charge of BNP’s EU investment banking ...
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ArticleApetito commits to living wage
Food producer for the health and social care sector, Apetito UK, has committed to ensuring that all of its 1,100 employees receive the living wage or higher from early 2016. At present, 82% of the organsiation’s workforce earns the hourly living wage of £7.85 or above, including all staff at ...
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Supplier article
Indian central banking independence — put into perspective
By Kenneth Akintewe, Senior Investment Manager, Fixed Income — Asia, AberdeenA recent proposal by the Indian government has caused quite a stir in central banking circles because at the heart of the credibility of central banking lies a decision-making process that is independent of government intervention — or at least ...
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Supplier article
Economic Insight: UK lift-off?
By Lucy O’Carroll, Chief Economist — Investment Solutions, AberdeenThe UK economy has picked up speed heading into the summer months, just as the Monetary Policy Committee (MPC) is about to hold a crucial meeting on interest rates. Earlier in July, the MPC voted unanimously to hold interest rates at 0.5 ...
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OpinionShaun Davis: How can employers provide support for mental wellbeing?
Having the right support to maintain positive mental health, and feeling confident to talk openly about the issue is critical for our wellbeing.On behalf of Business in the Community’s Wellbeing at Work movement, I recently hosted a discussion with former cabinet secretary Lord Gus O’Donnell considering the steps that employers ...
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Article32% of London workers are motivated by non-monetary benefits
Around a third (32%) of workers in London are most motivated by non-monetary benefits, selecting them as a key differential when looking for work, according to research by NGA Human Resources.The study, which surveyed 1,500 people working full-time in UK-based organisations, also found that around three-quarters (76%) of Londoners say ...
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Article34% too tired from work to enjoy life outside of it
Over a third (34%) of respondents are too tired to enjoy life outside of work as a result of their job, according to research by communications consultancy Lansons.Its Britain at work report, which is based on two surveys conducted by Opinium with 2,003 and 2,008 UK employees, found that this ...
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ArticleLinkedIn redesigns Sydney office to motivate staff
Social networking website LinkedIn has revealed a newly redesigned office at one of its locations in Sydney, Australia, to motivate staff.Changes include a games arcade, cinema, indoor barbeque and smoothie station.The design incorporates an Australian theme, with the walls decorated with kangaroos, and boardrooms given names such as ‘Strewth’ and ...
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Supplier article
Auto-enrolment compliance figures…
Somewhat surprisingly, the numbers of fixed penalty notices issued to employers has dropped, and there were no escalating penalty notices at all in the period 01.04.15–30.06.15. To the casual reader, this therefore may suggest that more overt policing of the new AE duties has resulted in a greater level of ...
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Supplier article
Fit for Work: a green map
That said, and as per Jelf’s previous post on this topic, the service can only currently be accessed via the family GP, with direct employer referrals still over the horizon. This does, however, indicate that Fit for Work is now becoming a reality for most, and this is certainly something ...
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Supplier article
Working like a dog or overworked?
But maybe all of your employees work like dogs, and are suffering for it. Do you know the signs of an employee who may be working too hard? Employees who are stressed may not show obvious signs that they are, but being stressed can have devastating effects on individuals: stress ...
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Supplier article
Seminar: tackling mental health in the workplace – can you afford not to?
Take in the stunning views from the 50th floor at Canary Wharf as Buck Consultants at Xerox and MetLife join together to explore the risk of poor mental health in your workforce and the impact this has on both your employees and the business.The seminar will cover:Successful measurement of the ...
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ArticleUS employers must reveal CEO and median staff pay gap
The US Securities and Exchange Commission (SEC) has adopted a final rule that will require public employers in the US to disclose the difference in pay between the chief executive officer and the median compensation received by other employees.Organisations can choose what methodology they use to identify their median employee ...
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ArticleCourt rules travel expenses are subject to tax
Reed Employment has lost an appeal against HM Revenue and Customs (HMRC), in which it contested up to £158 million in tax payments relating to travel expenses for the temporary workers it employed.The case covers the period between 2001 and 2006 when the employment agency aimed to make non-taxable payments ...
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ArticleUniversity of Lincoln rewards staff with retail credit
EXCLUSIVE: The University of Lincoln has rewarded its more than 2,000 employees through an online recognition scheme to thank them for their contribution to the organisation’s success over the course of the year.It has awarded employees with £40 worth of credit, which they can use to claim vouchers from a ...
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Supplier article
Investing globally: breaking down barriers
By Aberdeen Asset ManagementWith access to the global economy, why wouldn’t you take advantage of having a global asset allocation?The benefits of investing globally have been well documented and yet investors have continued to invest in a disproportionate amount in stocks listed in their home market. This phenomenon, referred to ...
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ArticleTop 10 most read stories this week
The top ten most read stories on employeebenefits.co.uk between 30 July and 5 August:1. 82% have a staff travel policy.2. CEO rewards staff with £17m bonus.3. Netflix introduces unlimited maternity and paternity leave.4. BT staff to receive £265m through share schemes.5. Reward Gateway to share £6.5m among staff.6. Government launches ...