All Employee Benefits articles in Web Issue – Page 906
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Article70% are against changing the current pensions tax relief system
More than two-thirds (70%) of employer respondents do not think that the current pension tax relief system should change, according to research by Hargreaves Lansdown.Its survey of employers also found that 41% of respondents are considering new reward strategies for their highest earners.The research also found:76% of respondents believe that ...
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ArticleMeet key suppliers to develop a future-proof strategy at Employee Benefits Connect
Lemonade Reward, Make Your Switch, Wealth at Work and Wealth Wizards, are among the exhibitors at Employee Benefits Connect 2016, which will take place on 9 March 2016.Other exhibitors include financial wellbeing firm Neyber, employee benefits consultancy Willis Towers Watson, and many more.The event, held at the Lancaster Hotel London, ...
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ArticleAlex Bryson: How should employers position high executive pay in the current financial climate?
The current financial climate is characterised by great corporate uncertainty, best illustrated by high volatility in share prices, but also real wage stagnation for most and huge earnings inequality driven by those at the top. Against this backdrop the public may ask: shouldn’t firms be focusing on pay increases for ...
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ArticleStefan Stern: How should employers position high executive pay in the current financial climate?
Not everyone works for a FTSE 100 company, of course, but the biggest bosses create the most influential benchmarks. So when Tuesday 5 January came along, and High Pay Centre data showed that by the end of the day the average FTSE 100 boss would have been paid what the ...
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ArticleSam Bowman: How should employers position high executive pay in the current financial climate?
According to the High Pay Centre, chief executives of large firms are overpaid. They are certainly paid a lot: the average FTSE 100 director is paid £2.4m annually, and the average chief executive officer (CEO) is paid £3.3m.But does this mean they are overpaid? No. Most people agree that it’s ...
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AnalysisWhat is included in a global wellbeing strategy?
Need to know:Wellbeing is still in its infancy on a global basis, compared to the focus it has among UK employers.Obesity and mental wellbeing are some of the key issues that employers are concerned about.Supporting global employees should ideally be done on a local level, but a basic provision of ...
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ArticleGlobal reward in numbers
A round-up of some of the latest facts and figures relating to global reward:76% of expatriate respondents based in Qatar have a higher level of disposable income since moving there (Source: HSBC) 40% of Domestic and General’s 2,500 global staff in the UK, Australia, France, Germany, Spain and Italy took ...
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OpinionWhat are the key issues affecting global employers’ benefits strategies?
The rise of the global employer, and the importance of emerging markets for expanding organisations, has changed the way businesses engage with their employees. The needs arising from different cultural norms and fulfilling the expectations of a varied workforce have created rich, robust employee networks, but with it has come ...
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Supplier article
DS Smith makes ‘STARS’ of its employees
DS Smith’s UK Packaging business has launched a company-wide employee reward and recognition programme.The packaging supply cycle specialist conducted an engagement survey with more than 3,000 of its staff. As a result of the feedback received, the company decided to find ways to encourage a climate of praise and recognition ...
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Supplier article
Jelf International predicts a closer alignment between health insurers and security companies
With the now constant threat of terrorism around the world, Jelf International predicts a closer alignment between providers of International Private Medical Insurance (IPMI) and security firms. Jelf International forecasts better integrated services between these two types of companies but in addition, a consolidation of firms, with some insurers directly ...
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AnalysisAssessing the limitations of the pensions allowance changes
On 6 April 2016 changes to both the annual and lifetime pensions allowance limits will come into effect. From this date, the annual allowance will be gradually reduced from £40,000 to £10,000 for those earning between £150,000 and £210,000 a year, while the lifetime allowance will reduce from £1.25 million ...
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AnalysisTelent futureproofs its default investment strategy
Futureproofing its default investment strategy against potential legislative change was a key objective for technology services firm Telent. However, when it introduced its current arrangement in 2013, it could not have predicted just how radical the pension reforms that took effect from April 2015 would be. And while built-in flexibility ...
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Video
Ways to see your pension and benefits as a profit centre for your business
The six-minute video above covers: What is meant by profit centre versus cost centre employers?What do profit centre employers typically care about?What areas should profit centre employers focus on?How can providers help profit centre employers with workforce management?What are the key features of a great default investment?To watch the same ...
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Article20% to maintain pay differentials impacted by national living wage
A fifth (20%) of respondents will maintain pay differentials between employees affected by the national living wage and their managers, according to research by the Chartered Institute of Personnel and Development (CIPD) and the Resolution Foundation.The Weighing up the wage floor: employer responses to the national living wage report, which ...
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Article55% take an active interest in their pension savings
More than half (55%) of respondents take an active and regular interest in their pension savings, according to research by chartered accountant and business adviser Price Bailey.Its Workplace pensions: the members’ perspective report, which surveyed 2,017 pension scheme members, also found that 42% of respondents do not know whether they ...
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ArticleKP Snacks to re-launch bikes-for-work scheme
KP Snacks is to re-launch its bikes-for-work scheme in April 2016.The food manufacturer is re-launching the benefit with the aim of boosting take up among its 1,800 employees.The scheme, provided by Cycle Solutions, was first introduced in July 2015.Some 6% of KP Snack's employees have taken up the benefit since ...
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OpinionLovewell's logic: Fleet goes futuristic
It’s fair to say that cars and I aren’t the most natural of pairings. I have no interest in regularly upgrading the car that I drive and couldn’t name the latest must-have makes and models if my life depended on it.Yet, this week, my interest was piqued during a discussion ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 18 and 24 February 2016: British Gas case ruling confirms that commission must be included in holiday pay calculations.How will the changes to the lifetime and annual allowances affect higher earners?Self-parking chairs steer into place in Japanese offices.89% say wellness programmes ...
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ArticlePuppies help de-stress Australian workplaces
Something for the weekend…Workplaces in Australia are being helped to de-stress and become more productive with the help of some furry friends.On 25 February, Uber teamed up with Purina’s Pets At Work initiative and local animal shelters in eight Australian cities to offer employees the opportunity to cuddle a puppy ...