All Employee Benefits articles in Web Issue – Page 896
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Article33% say their employer has a negative approach to mental health
A third (33%) of respondents believe that their employer has a negative approach to mental health issues, according to research by Canada Life Group Insurance.Its survey of 1,000 employees also found that 57% of respondents have experienced mental health problems while in employment.The research also found:13% of respondents believe their ...
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ArticleWalmart US staff to receive pay increase
Around 1.2 million employees at Walmart US and at its warehouse chain, Sam’s Club, are to receive a pay increase.The pay increase will come into effect on 20 February, bringing the average wage for full-time staff to $13.38 an hour and the average part-time hourly wage to $10.58.All staff employed ...
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ArticleLouise’s lowdown: Resolve to achieve a better work-life balance
As the countdown to midnight on 31 December ushered in 2016, it also brought with it an abrupt shift in focus for the lifestyle pages in glossy magazines and the advertising campaigns that herald the start of another year. Gone are the calls for festive indulgences, luxurious treats and celebration; ...
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ArticleTop 10 most read stories this week
The most read stories on www.employeebenefits.co.uk between 14 and 20 January 2016: The benefits of being a human cat.Harrods, Jaguar Land Rover and AstraZeneca are named UK’s top employers.EXCLUSIVE: 99% of Bibby Financial Services employees engage with flexible benefits.Bank of England proposes changes to bonus buy-out rules.High Court rules peripatetic ...
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ArticleM&S gives staff thermal underwear to combat the cold
Something for the weekend…Employees at Marks and Spencer (M&S) were given complimentary thermal underwear after the heating failed at one of its stores in Oswestry, Shropshire.The M&S Simply Food store was also issued with temporary heaters after it was without heating for several days.An anonymous customer reported 'fridge-like' conditions inside ...
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Article9% have reviewed salary sacrifice against national living wage compliance
Less than one in 10 (9%) of employer respondents have reviewed their use of salary sacrifice against the new national living wage requirements, according to research by Jelf Employee Benefits.Its survey of 180 employers also found that 39% of respondents are unaware that salary sacrifice arrangements could result in employers ...
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Article32% prefer employees to stay at home when ill
Almost a third (32%) of manager respondents prefer staff to take time off sick rather than come to work when ill, according to research by Axa PPP Healthcare.Its survey of 1,000 employers also found that 38% of respondents believe providing all employees with access to healthcare benefits helps to reduce ...
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ArticleOmbudsman upholds pensions tax duty-of-care complaint against police
The Pensions Ombudsman has upheld a police officer's complaint that his employer had a duty of care to inform him of the tax implications of re-employment on his retirement benefits.Mr Cherry was employed as a police officer with the Police and Crime Commissioner of South Wales from February 1982, and ...
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Article64% of City workers expect a bonus this year
Almost two-thirds (64%) of City worker respondents expect to receive a bonus from their employer this year, according to research by recruitment firm Astbury Marsden.Its survey of 1,063 City workers also found that over a third (35%) of respondents expect bonuses to be higher than last year, and just 13% ...
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Article42% of millennial parents feel burnt out most or all of the time
More than two-fifths (42%) of millennial working parent respondents feel burnt out most or all of the time, according to research by Bright Horizons and Working Families.The 2016 modern families index, which surveyed 1,000 working parents, also found that 38% of millennial parent respondents would take a pay cut to ...
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ArticleHalfords cuts bonuses by £2 million
Halfords is to cut bonus payments for some employees by a total of £2 million after the organisation failed to hit sales targets.Although total sales rose by 0.4% in the 15 weeks to 15 January 2016, the sales of car kit, such as de-icer, ice scrapers and batteries, decreased following ...
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AnalysisWhat are the key areas of focus for financial education?
Need to know:Demand for financial education is growing, with the changing pensions landscape a key driver.Investing in this area can help employees to engage with flexible benefits packages and potentially reduce anxiety and stress around money.Training is most effective when it is personalised and tailored to the specific employee demographic, ...
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Case StudiesUniversity of Lincoln offers tailored financial education to staff
The combination of pensions freedoms, reforms to the Universities’ Superannuation Scheme (USS) and The Teachers’ Pension, relatively low pay awards in recent years and the fact more academic staff now work on a sessional or contract basis means there is a huge education piece to be had around finance and ...
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AnalysisInfographic: The key benefits of financial education
An infographic outlining employers' views about the benefits of offering financial education to staff. (Source: The Employee Benefits/Close Brothers pensions research, November 2015)Read more about the key areas of focus for financial education.
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ArticleAndrew Page to pay all staff the national living wage
Andrew Page is to pay all of its 2,600 employees at least the national living wage rate of £7.20 an hour.The distributor of vehicle components and workshop equipment will pay all its staff over 18 the new rate, which comes into force in April 2016.The national living wage, announced by ...
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ArticleCarter Law introduces enhanced bonus scheme and childcare vouchers
Carter Law Solicitors has introduced new benefits for its staff, including an enhanced bonus scheme and childcare vouchers, following feedback from an employee engagement survey conducted in 2015.Three quarters (75%) of the organisation's 80 staff took part in the engagement survey, which found that 38% of respondents wanted an updated ...
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ArticleViewbank Dairy breaches holiday pay requirements
New Zealand's Employment Relations Authority (ERA) has ordered Viewbank Dairy to pay a $7,500 penalty and to rectify employment law breaches discovered by the Ministry of Business Innovation and Employment’s Labour Inspectorate.The Labour Inspectorate visited Viewbank Dairy as part of an audit to check for compliance with minimum employment standards ...
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Supplier article
Only 9% of employers have reviewed Salary Sacrifice usage against new National Living Wage requirements
With the introduction of the National Living Wage less than three months away, a survey by Jelf Employee Benefits highlights that many employers need to take urgent action to ensure full compliance with this new law.The new requirement sets a higher minimum income level for employees aged over 25. This ...
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ArticleTwo-fifths of staff are under excessive pressure at work
Almost two-fifths (38%) of employees are under excessive pressure at work at least once a week, according to research from the Chartered Institute of Personnel and Development (CIPD).Its Growing the health and wellbeing agenda: From first steps to full potential study, which surveyed X workers and organisations, also found that ...
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Supplier article
Every silver lining has a cloud…
In recent weeks there has been much media coverage of possible pension announcements by The Chancellor in the forthcoming March Budget. Our followers will be aware that a review of the tax relief system for pension savings was announced in the July 2015 Budget statement, and the outcome of this ...