All Employee Benefits articles in Web Issue – Page 911
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Article28% offer financial wellbeing support
More than a quarter (28%) of respondents offer financial wellbeing support, according to financial education organisation Nudge.Its Financial education: the definitive guide 2016 report, which surveyed 302 employers, also found that 17% of respondents are in the process of introducing a financial wellbeing programme.The research also found that:Half (50%) of ...
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ArticleJohn Lewis and Waitrose employees to receive 10% bonus
All 91,500 employees at John Lewis and Waitrose are to receive a bonus worth 10% of their salary.The bonus is equivalent to more than 5 weeks’ pay for staff that have been employed by the John Lewis Partnership for the whole year.The bonus has been awarded after the organisation announced ...
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ArticleEmployers should proactively educate staff about cancer risks and symptoms
Employee Benefits Connect 2016: Employers can support employees affected by cancer by improving education around risk factors and what steps can be taken to mitigate these.Speaking in a session titled ‘Stepping up the fight against corporate cancer’ at Employee Benefits Connect on 9 March, Dr Pixie McKenna explained that obesity ...
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ArticleDHL, Orange and Saint-Gobain are certified as a Top Employer Global 2016
DHL Express, Orange and Saint-Gobain are among eight organisations to be certified as a Top Employer Global 2016 for their forward-thinking HR practices and employee benefits offerings.The certification recognises employers that create a workplace environment that promotes the personal and professional development of their employees, that offer exceptional benefits to ...
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ArticleEmployers could adapt flexible benefits to address rising eldercare demands
Employee Benefits Connect 2016: Employers could address rising eldercare demands by considering how flexible benefits could be adapted to extend to employees’ parents.Speaking in a session titled ‘Eldercare: changing how we develop the benefits offering’ at Employee Benefits Connect on 9 March, Adam Brooke, international benefits manager at Standard Chartered ...
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Supplier article
Financial futures: budget pension changes part two?
At the moment pension savers generally get tax relief at the rate which they pay income tax – 20, 40 and 45 per cent – and only pay tax when they withdraw money.However, with people living longer and the changing nature of pension provision, the government announced that it wants ...
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Article27% of managers are more comfortable discussing employees’ physical than mental health
More than a quarter (27%) of manager respondents are more comfortable discussing employees’ physical health than their mental health, according to research by Axa PPP Healthcare.Its survey of 1,000 managers also found that 45% of respondents are more comfortable discussing physical than mental health because they feel they do not ...
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ArticleNational minimum wage to rise to £6.95
The national minimum wage rate for employees aged 21-24 years old will increase from £6.70 to £6.95 an hour.The 25p increase will come into effect in October 2016.The national minimum wage rate for those aged 18-20 will rise by almost 5% from £5.30 to £5.55 an hour, and the rate ...
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ArticleThe future work landscape will require a changing approach to reward
Employee Benefits Connect 2016: Reward and benefit strategies will need to adapt to the changing workplace landscape if they are to meet the evolving requirements of the future workforce.Speaking in the closing keynote session titled ‘What is the digital future of the workplace and how different will it be?’ at ...
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ArticleCisco uses online idea sharing platform to encourage employee feedback
Employee Benefits Connect 2016: Cisco International encourages employees to provide feedback and suggestions about their benefits package via an online idea sharing platform.Speaking in a session titled ‘Building a global benefits strategy for the business of the future’, at Employee Benefits Connect on 9 March, Spencer Roach, total reward manager ...
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AnalysisHow can technology be used in workplace pension schemes?
Need to know:The pensions freedoms mean there is more need for employers to facilitate online access to pensions.Modellers and apps are helping people map out potential retirement options.Robo-advice is providing tailored guidance to employees without the need for a financial adviser.Some platforms can link with other pension pots, personal savings ...
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Case StudiesBMT Group offers employees automated pensions advice
Having moved from a defined benefit (DB) to a defined contribution (DC) scheme in 2011, maritime engineering business BMT Group wanted to ensure its 780 UK employees were able to develop a sound retirement strategy.The business initially considered bringing in a financial adviser but was introduced to the concept of ...
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OpinionIan McKenna: Smart technology can drive engagement with retirement savings
Achieving effective engagement with employees about their retirementbenefits is crucial for an employer to get the best return on such spend. If people do not understand something, it is virtually impossible for them to appreciate its value.Smartphones and tablets can now make this far easier, but this needs more than ...
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Supplier article
10 things employees should consider when deciding whether to transfer a pension
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education in the workplace, supported by guidance and advice, covers 10 things employees should consider before transferring from a defined benefit to a defined contribution pension scheme.The pension changes for defined contribution (DC) schemes that came into force in ...
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ArticleSalesforce conducts $3m salary adjustment to address equal pay
Cloud computing firm Salesforce has spent a total of $3 million on salary adjustments in order to rectify statistically significant differences in pay between male and female employees carrying out comparable work.The organisation implemented the changes after conducting an analysis of the salaries of its 17,000 global employees as of ...
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ArticleAuto-re-enrolment offers an opportunity to re-engage individuals with pension savings
Employee Benefits Connect 2016: Interventions are required to help employees save adequately for retirement.In a conference session titled ‘Using auto-re-enrolment to future proof pensions provision’, at Employee Benefits Connect on 9 March, Amy Hennessy, policy adviser at the Pensions and Lifetime Savings Association (PLSA), discussed how the pension freedoms have ...
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Article77% do not feel in control of their pension savings
More than three-quarters (77%) of respondents do not feel in control of their pension savings, according to research by Hymans Robertson.Its Putting your workforce back in control of pensions report, which is based on a survey of 102 HR and benefits professionals, 2000 pension savers, focus groups, and individuals saving ...
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ArticleEmployee Benefits Connect 2016 speaker slides
Where speakers have given approval, we have uploaded the slides for the keynote and conference sessions at Employee Benefits Connect 2016, which took place on 9 March at the Lancaster London.Thank you very much to all of the speakers for sharing their ideas, experiences and insights.Keynote speakers:K1: The evolution of ...
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Supplier article
Employers unprepared for impact of likely changes in pensions tax relief
With just two weeks until the Chancellor’s 2016 Budget statement, research carried out by Jelf Employee benefits has established that 3 in 4 employers (76%) have yet to inform their employees of the possibly seismic changes to the existing system of pensions tax reliefs.In July 2015 George Osborne announced a ...
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Supplier article
Time for another Budget…
After what amounted to three Budget statements last year, 2016 looks set to return to the more usual format of two, with the first issued on 16March.So what should we expect for the world of employee benefits?As we have previously reported, the proposed changes to pension tax relief have apparently ...