All Employee Benefits articles in Web Issue – Page 855
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ArticleSainsbury’s to award staff 4% pay rise
Sainsbury’s is to give some 137,000 store-based employees a 4% salary increase.The pay rise, which will come into effect from 30 August, will increase Sainsbury’s standard rate of pay to £7.36 per hour.This is the highest pay increase for store staff that the supermarket has awarded in more than a ...
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Supplier article
85 per cent of employees believe in promoting mental wellbeing
Nearly nine out of ten of UK employers (85 per cent) believe they have a significant responsibility to provide a work environment that promotes mental wellbeing, according to a new Buck Consultants at Xerox survey report, ‘Promoting Mental Wellbeing: Addressing Worker Stress and Psychosocial Risks.’Our 2015 Global Survey on Health ...
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ArticleTop 10 most read stories this week
1. Police to appeal against EAT decision on age discrimination2. Tesco staff to take part in Cycle to Work Day3. Lumo Energy engages 92% of employees4. Jelf confirms takeover discussions with Marsh5. Workers at Stansted Airport to strike over pay6. Hear why benefits must suit employers’ internal culture7. 69% take ...
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OpinionLovewell's Logic: Should wearable technology be compulsory for all?
Over the past few months, there has been much debate about the use of wearable technology in employers’ health and wellbeing strategies. (And, indeed, it is a topic we will discuss in-depth during next month’s Employee Benefits Live). However, earlier this week, I had a really interesting conversation which gave ...
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ArticleBarclays chairman uses Feng Shui on company cars
Something for the weekend…The new chairman of Barclays, John McFarlane, has ordered a new fleet of cars for staff to improve Feng Shui.The bank used to have black limousines but now has a fleet of silver vehicles for executive employees in order to improve the harmony of those using them.McFarlane ...
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ArticleBetter work-life balance drives people to change jobs
Around a third (30%) of respondents believe that improved work-life balance is the primary reason someone may change their job, according to research from recruitment firm Robert Half UK.The annual study, which surveyed 200 HR directors, also revealed that 27% perceive higher remuneration, including salary, bonus and employee benefits, as ...
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Article9% to repay mortgage with retirement savings
Almost one-tenth (9%) of respondents intend to use their retirement savings to repay their mortgage, according to research by insurance firm Partnership.Its survey of 1,494 people aged 40-70 in 2015 and 1,541 in 2014, found that 6% of respondents in 2015 plan to use their tax-free pension lump sum to ...
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ArticleEquinix to discuss global reward at Employee Benefits Live
Rob Cross (pictured), senior reward manager, Europe, Middle East and Africa (EMEA) of web hosting firm Equinix, will discuss global reward at Employee Benefits Live 2015 on 21 September.The session, entitled ‘How to develop a global reward strategy while retaining local flexibility,’ will focus on how employers can ensure that ...
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Analysis
18: How to use team-building exercises to motivate staff
If you read nothing else, read this…Employers need to think about why they offer team-building exercises.If staff are involved with the decision-making process, it can make the activities more effective.Team-building activities require good communication to be successful. Something suitableKuljit Kaur, head of business development at motivation and employee benefits ...
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Article
11, 12: How can employers calculate a return on investment on employee motivation strategies?
If you read nothing else, read this…Employee engagement surveys can help employers determine what really motivates their staff.If employers measure staff turnover and retention rates, they could calculate whether the motivational benefits they offer are effective.Working out the potential return on investment prior to implementing motivational benefits can save time, ...
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Analysis
23, 24: How can employers treat musculoskeletal disorders cost-effectively?
If you read nothing else, read this…Musculoskeletal disorders (MSDs) and back pain are among the main causes of short- and long-term absences in the UK.Ergonomic assessments and physiotherapy services can help identify and treat MSDs.Physical activities, such as walking clubs and yoga classes, can help prevent the onset of MSDs.While ...
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ArticleCancer accounts for 29% of long-term sickness claims
Cancer and mental health issues accounted for 47% of income protection claims paid over the last year, according to research by Unum. Its Annual claims statement, based on income protection claims paid to 1,700 employees between August 2014 and July 2015, also revealed that around a quarter (24%) of claims ...
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Analysis
29, Exploring the myths behind company car schemes
If you read nothing else, read this…Common fears among employers include the perceived administrative burden or exposure to corporate risk through duty-of-care requirements.Employers can work closely with providers to understand the risks and costs involved in providing a scheme.Employers have a range of options of how to provide company cars.The ...
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Article32% will not review defined contribution pension schemes
Almost a third (32%) of respondents do not plan on reviewing or adjusting existing defined contribution (DC) pension services for employees following the introduction of the pension flexibilities in April, according to research by Close Brothers Asset Management.Its latest Business barometer survey, which questioned 685 employers, also found that 34% ...
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Article36% of 51-60 year olds have no pension plans
Over a third (36%) of 51-60 year olds have no pension provision, according to research by the Chartered Institute of Payroll Professionals (CIPP).Its survey of 2,010 employees also revealed that around a third (30%) of respondents are not sure if their pension savings are enough to retire on.The study also ...
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Analysis
41, 42 How to integrate group risk benefits into a serious illness strategy
If you read nothing else, read this…Health screening can help control the cost of private medical insurance.Second-opinion medical services can result in a change of treatment or diagnosis.Group income protection can support an employee’s return to work on a part-time basis or into a lower-paid position.While a key part of ...
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Article43% plan to offer pension drawdown option
Less than half (43%) of respondents plan to offer a drawdown option as part of their pension plan, according to research by Towers Watson’s UK DC master trust, LifeSight.Its survey of 100 employers also found that 87% of respondents believe that their employees will want to access some or all ...
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Article44% feel somewhat knowledgeable about retirement savings
Less than half (44%) of respondents consider themselves to be somewhat knowledgeable about retirement savings and financial matters, according to research by State Street Global Advisors.Its 2015 SSGA Global Monitor study, which is based on responses from 3,500 staff in the US, UK, Australia and Ireland, also found that 30% ...
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Article50% underestimate likelihood of occupational disability
Half (50%) of respondents think they have a less than one in ten chance of being unable to work through disability, according to research by insurance firm Zurich.Its survey of 1,000 working-age adults also found that nearly two-thirds (60%) think the risk of becoming disabled or too ill to work ...
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Article82% want benefits to reflect their priorities
EXCLUSIVE: More than four-fifths (82%) of respondents believe their benefits package should change as their personal circumstances and priorities do, according to research by Davidson Asset Management (DAM).Its survey of 439 employees, directors and business owners, which is featured in its Employee benefits: 2035 report, also found that 87% of ...