All Employee Benefits articles in Web Issue – Page 915
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ArticleAmerican Airlines reinstates profit-sharing programme
American Airlines is reinstating a profit-sharing programme that will put 5% of the organisation’s pre-tax income into a pool to be shared among its employees.The programme will be based on the airline’s 2016 annual earnings, and will be paid out early next year.The 5% rate is the same as that ...
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ArticleT3N trials bitcoin salary and benefits offering
German technology publication T3N will enable employees to receive salary payments in digital currency bitcoin.Staff can opt to be paid a portion of their salary in the alternative currency. Because bitcoin is not considered legal tender in Germany, T3N employees can also choose to receive bitcoin as an additional tax-free ...
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AnalysisCan a one-size-fits-all motivation strategy work?
Need to know:A one-size-fits-all approach to employee motivation can be successful as long as it includes an element of choice for staff.Involving employees and garnering their opinions on a motivation strategy can keep it relevant to the organisation.Many parties within an organisation can take a role in helping to motivate ...
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Supplier article
18-24 year olds not rewarded at work
Almost half of 18-24 year olds have not received a reward from there employer in the past 12 months.42% of 18-24 year olds did not receive a reward in 2015, making them one of the least rewarded age groups in the UK25-34 year olds were the most rewarded age group ...
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Supplier article
Budget summary - March 2016
This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions.So how does this budget affect you? If ...
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Supplier article
Auto-enrolment: tips for employers
The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties.1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself ...
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AnalysisInfographic: What will motivate employees in 2016?
An infographic looking at what will motivate employees in 2016 (Source: Red Letter Days for Business' Employee motivation: who came out on top in 2015 report, published in January 2016).Read more in Can a one-size-fits-all motivation strategy work?
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Case StudiesUKTV works together to motivate employees
Television broadcaster UKTV operates according to its philosophy of working together to create a better organisation and in line with its set of values: create, learn, influence, challenge and collaborate.Keeping its 279 employees highly engaged has been vital to the organisation’s success, and its incentive and recognition schemes have helped ...
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Case StudiesAsda moves to segment motivation
Retail-chain Asda currently has a one-size-fits-all motivation strategy for its 175,000 employees, but it is hoping to offer more diverse options in the future.It uses its annual employee engagement survey, Your Voice, to find out more about what its employees want and need in terms of benefits and motivation. In ...
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Article
Medivet introduces voluntary benefits scheme
Medivet is to launch a voluntary benefits scheme for its 1,400 employees that work across its 128 veterinary practices.The scheme, Medivet Benefits, which will launch at the end of April, will offer employees discounts on retail brands, including supermarkets, and also on entertainment such as cinema tickets and family days ...
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ArticleKingfisher agrees £230 million pension buy-in
Retail group Kingfisher has completed a £230 million medically underwritten buy-in transaction for its defined benefit (DB) pension scheme.The transaction, carried out by Legal and General, covered 149 specific scheme members from the £3 billion scheme.Aon and Hymans Robertson also advised on the transaction.Chris Gilchrist, chair of the trustee for ...
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ArticleEDF Energy accredited as living wage employer
EDF Energy has been accredited as a living wage employer by the Living Wage Foundation.The organisation has been accredited for its commitment to paying all its staff at least the national living wage of £8.25 an hour.The living wage is a voluntary rate calculated according to the basic cost of ...
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ArticleA fifth do not expect to retire until after age 70
Just over a fifth of respondents do not expect to be able to retire until they are in their seventies, according to research by Willis Towers Watson.Its Global benefits attitudes survey, which interviewed UK-based 1,895 workers, also found that employees who expect to work for longer are less healthy, more ...
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Supplier article
Dividend slump? Not if you look globally
By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income ...
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ArticleOmbudsman upholds pensions tax complaint against police
The Pensions Ombudsman has upheld a police officer, Mr Cherry's complaint that his employer had a duty of care to inform him of the tax implications of re-employment on his retirement benefits.He was employed as a police officer with the Police and Crime Commissioner of South Wales from February 1982, ...
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Supplier article
Making your at-retirement strategy work: tips for employers
Listen again to the recent Workplace, Savings and Benefits webinar we recently supported, which looked at how employers can make their at-retirement strategy work.Pension freedoms were announced in April 2014 and implemented in April 2015. Within three months of implementation, more than £2.5 billion of payments had been made to ...
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Supplier article
ECB policy strengthens investment case for value & banks
By Rob Burnett, head of European Equities at Neptune The ECB delivered a strong package in its latest policy announcement that managed to find the right balance between supporting the economy and not endangering the banking system.The EU banking system is very sensitive to negative rates and, if the ECB ...
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ArticleDell appoints Angela Harris
Dell has appointed Angela Harris benefits consultant. She joins from DX Network Services, where she was compensation and benefits manager.Harris specialises in human resources systems implementation, compensation and benefits and general employee relations. She previously worked at oil and energy firm Baker Hughes as total rewards manager, Europe, and as ...
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ArticleLancaster University appoints Ben Dobson
Ben Dobson has been appointed reward and resourcing manager at Lancaster University.He joins from the University of Sheffield, where he held the roles of HR adviser, reward and recognition, HR departmental manager, and HR adviser, reward and benefits.
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ArticleBAE Systems promotes Gilroy
BAE Systems has promoted Fiona Gilroy to employee value proposition and recognition manager.Gilroy’s responsibilities now include articulating, developing and embedding the employee value proposition (EVP) for staff and the businesses that are part of BAE Systems, and designing and implementing a cultural change programme across the business to support its ...