All Employee Benefits articles in Web Issue – Page 885
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Supplier article
Under the radar – Fit for Work and sickness absence
Earlier this month we sat in on a presentation delivered by the Fit for Work service, and this session did highlight one small but important change to the offering that we must admit had slipped under our radar.The Sickness Absence Review published in 2010 suggested that the Independent Assessment Service ...
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Supplier article
Workplace wellbeing: a problem for all employers…
“Health and wellbeing is still too often viewed as an individual issue, to be dealt with by the employee themselves through support outside of the workplace, rather than one that is central to business success and therefore a necessary concern of the business owner-manager.”The above text is taken directly from ...
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Supplier article
Millennials: what do they want?
Employers are facing a new challenge in the workplace: there’s a whole new breed of employee that has begun to enter the workforce. And they have different needs and require more attention; in short they want it all and they want it now.There were Baby Boomers, then Generation X, and ...
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Article13% look to employer for retirement planning support
More than one in ten (13%) employee respondents look to their employer for support with retirement planning, according to research by Baring Asset Management.Its survey of 1,548 employees also found that 14% think it is an employer's responsibility to help them understand the asset allocation of their pension fund.The survey ...
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Article39% have communicated national living wage to staff
Just over a third (39%) of respondents have communicated the upcoming implementation of the national living wage to staff, according to research by the Department for Business Innovation and Skills (BIS).Its survey of 1,000 employers also found that 63% of respondents know which employees in their organisation should receive the ...
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ArticleMilton Keynes Council receives living wage accreditation
Milton Keynes Council has been accredited as a living wage employer by the Living Wage Foundation.The council has been paying its 2,600 employees the living wage rate of £8.25 an hour since April 2015.The council has now committed to ensuring employees of contractors who work for at least two hours ...
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Supplier article
Domestic and General’s reward programme engages international workforce
Less than a year on from launching its employee recognition programme, Domestic and General, the UK's leading appliance care specialist, has reported that more than 50% of its 2,700 international employees have engaged with the campaign.The programme launched in October 2014 in partnership with incentive and reward experts Red Letter ...
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Article
Helix Industry Insight p10: Mitigating costs for the long term
For over a decade employers have seen a steady increase in spend on healthcare with medical inflation varying between 6% to 12%, compounded. For many, this is an accepted cost to retaining a benefit. For others, the sustainability of funding such increases is being questioned.Private medical insurance (PMI) has, in ...
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Article60% believe bikes-for-work schemes boost productivity
Almost two-thirds (60%) of employee respondents believe that cycling to work improves their productivity, according to research by the Cycle to Work Alliance.The study, based on responses from 13,148 employees and 352 employers who participate in a bikes-for-work scheme provided by one of the four Cycle to Work Alliance members, ...
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Article81% want employers to help with financial education
More than eight in ten (81%) respondents would like personal finance help from their employer, according to research by the Open University Business School (OUBS) and Share Radio.The survey of 3,040 employees also found that 64% of respondents have never received financial education.The research also found:A third (33%) of respondents ...
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ArticleExpedia and Schuh among top employers for workplace culture
Expedia, GE and Schuh are among the UK winners at the 2016 Glassdoor employees’ choice awards, receiving accolades in recognition of their workplace culture.Based on anonymous employee feedback, the organisations are ranked on the overall rating achieved over the past year on a five-point scale, five meaning the member of ...
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OpinionDr Hugh Cook: The outcomes and complexities of flexible benefits schemes
Theoretically, the motivation for employers to offer flexible benefits schemes stems from their need to attract employees and reduce labour turnover. Both are key measures of labour market performance, which ought to be improved by offering benefits that are attractive to a wider range of workers. Given the increasing demographic ...
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AnalysisWhat is driving employers' flexible benefits strategies?
Need to know:Any flexible benefit scheme should factor in both employee and employer needs.Technology and administration requirements also need to be considered.Businesses should also think about the frequency of enrolment windows.Find out why flexibility is vital for the modern workforce at Employee Benefits Live 2016 on 11 October at Olympia ...
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Case StudiesPepsiCo relaunches flexible benefits to meet employee requirements
When food and drinks manufacturer PepsiCo looked to relaunch its flexible benefits scheme in 2015, it was keen to introduce a new benefit and so undertook a series of questionnaires and focus groups with employees.Kajal Mistry, total rewards officer, says: “It had been two years since a new benefit had ...
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ArticleEnter the Employee Benefits Awards for the chance to be recognised as best in class
The deadline for the annual Employee Benefits Awards closes on Friday 11 December 2015, so don’t delay.The awards ceremony provides the chance to showcase the outstanding work that reward and benefits professionals have conducted over the past year, recognising benefits approaches that have made a significant difference to organisations and ...
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Article60% of active scheme members are in defined contribution schemes
Almost two-thirds (60%) of respondents' active pension scheme members are in a defined contribution (DC) scheme, compared to 32% in 2011, according to research by the Pensions and Lifetime Savings Association (PLSA).Five year trend data from the PLSA's annual survey, based on responses from 63 private sector employers, also found ...
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ArticleInstitute of Chartered Accountants agrees £30 million pension buy-in
The Institute of Chartered Accountants has agreed a medically underwritten buy-in transaction for its £200 million pension scheme.The £30 million transaction with Partnership was completed in November. The organisation's Staff Pensions Fund is one of the few UK pension schemes to have completed two medically underwritten buy-ins, after completing a ...
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ArticleEXCLUSIVE: Withers goes green with benefits portal
EXCLUSIVE: Withers has enhanced its benefits portal to communicate annual salary increases and bonus payment updates to its UK employees, moving away from paper communications in line with its commitment to conducting business in a sustainable manner.The portal, provided by Staffcare, offers bespoke employee views that show compensation, including individual ...
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ArticleConfessions of a benefits manager: Candid segments the workforce
I wish Big Bad Boss wouldn’t jump on any old bandwagon that’s passing. This time he’s seen a presentation at an HR conference and now he’s all about employee segmentation. I know I should be more enthusiastic, but I’ve been here before.This is how it always pans out: first BBB ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk from 3-9 December 2015: British Gas holiday pay case reaches tribunalFairline Boats fails to pay pension contributionsHow to engage the 30- to 40-year-old generation with retirement savingsBT, Asda and Holiday Extras awarded for employee share plansCan selfies and helter-skelters boost productivity?Expedia and ...