All Employee Benefits articles in Web Issue – Page 917
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Article50% of DB pension scheme members take up employer-paid financial advice
Half (50%) of defined benefit (DB) pension scheme members aged 55 and over have opted to speak to a financial adviser if offered this service for free by their employer, according to research by Willis Towers Watson.The research is based on data provided by financial advisory firms and examines 15,700 ...
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Article3,865 EU bank staff received remuneration of €1m or more in 2014
The number of employees in EU banks receiving annual remuneration of €1m or more increased to 3,865 in 2014, according to research by the European Banking Authority (EBA).Its Report on benchmarking of remuneration and high earners 2014 found that this was almost 22% higher than in 2013, when 3,178 employees ...
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ArticleUS women footballers file equal pay complaint
Five members of the US Women’s National Team have filed a wage discrimination complaint against the United States Soccer Federation.US Soccer Federation employees Carli Lloyd, Alex Morgan, Megan Rapinoe, Rebecca Sauerbrunn and Hope Solo have lodged the complaint with the Equal Employment Opportunity Commission.The players say that they have filed ...
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Article67% plan to expand employee wellbeing programmes
More than two-thirds (67%) of US employer respondents plan to expand their employee wellbeing programmes, according to research by Fidelity Investments and US non-profit organisation the National Business Group on Health.The survey of 129 US employers also found that 87% of respondents offer employees access to emotional or mental wellbeing ...
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ArticleNew York to phase in $15 an hour statewide minimum wage
The US state of New York is to increase the minimum wage to $15 an hour.The higher minimum wage, which was announced as part of the 2016-17 state budget, will be implemented in phases.For organisations in New York City with 11 employees or more, the minimum wage will increase to ...
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ArticleLiverpool John Moores University receives living wage accreditation
Liverpool John Moores University (LJMU) has been accredited as a living wage employer by the Living Wage Foundation.The university, which employs around 2,500 members of staff, has committed to paying permanent employees and third-party contractors at least the living wage rate of £8.25 an hour.The voluntary rate is calculated according ...
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AnalysisWhat lessons can reward professionals learn from sport?
Need to know:Transferrable lessons from sports professionals can help shape benefits strategies.In some instances, motivational benefits can be as significant as pay when it comes to engaging and retaining employees.Workplace healthcare programmes inspired by the sporting world can boost productivity and motivation.The 2016 Olympics kick off in Rio de Janeiro, ...
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OpinionKatherine Bond: Rewards derive from good performance
The worlds of high-performance sport and business are both obsessed with results, and there is often great reward that comes with producing great results.For the Olympic athlete, the potential reward of an Olympic medal is a huge motivator and gives some interesting insights into human motivation and rewards.Potential Olympians choose ...
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Case StudiesChiswick Park helps staff get active
Chiswick Park hosts wellbeing programmes throughout the year to encourage activity among 8,000 employees that work across various organisations in the park, which include Paramount Pictures, PepsiCo, Starbucks, Tullow Oil and Walt Disney Company.Between June and September 2015, the business park hosted wellbeing events as part of its Enjoy Work ...
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OpinionEmma Hart: Sport teaches motivation and teamwork
As children, we are encouraged to take part in physical activities, through which we learn motivation, determination and teamwork among a wide range of other positive skills. Parents are not always trying to create the next Chris Hoy or Steve Redgrave, but rather trying to encourage us to learn from ...
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Supplier article
Express: Johnson Fleming’s new SME auto-enrolment product
We are excited to announce that today we’ve launched Express – a new quick and simple solution for auto-enrolment.Express expands upon our existing suite of fully compliant auto-enrolment solutions, but goes further in providing smaller employers with a complete managed solution. Around 1.8 million employers are due to reach their ...
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Article63% of fathers interested in taking shared parental leave
Almost a third (63%) of male employee respondents with young children are interested in taking shared parental leave (SPL) in the future, according to research by My Family Care and the Women’s Business Council.The Shared parental leave: where are we now? report, which surveyed 200 employers and 1,000 working parents, ...
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ArticleSpectromax becomes living wage employer
IT and software development firm Spectromax, which employs more than 400 staff, has been accredited as a living wage employer by the Living Wage Foundation.The organisation, which already pays its employees in excess of the statutory national living wage of £7.20 an hour, has committed to paying staff at least ...
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ArticleRoyal Mail managers ballot on industrial action over pay
Royal Mail managers that are members of trade union Unite are taking part in a ballot to vote on industrial action over pay.Unite members will vote on whether industrial action should be taken, and whether or not that should include strike action.The ballot will close on 21 April. If industrial ...
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ArticleEXCLUSIVE: Reward Gateway owner acquires Perkz
EXCLUSIVE: Reward Gateway’s parent organisation, International Benefits Holding (IBH), has acquired Perkz, an online employee benefits platform for the UK and Ireland.Under the terms of the acquisition, Perkz will operate separately from employee engagement software provider Reward Gateway, and will continue to focus on its current benefits offering and product ...
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ArticleHow will the Budget 2016 affect employee benefits?
Chancellor George Osborne (pictured) delivered the Budget 2016 on 16 March. It included a number of key announcements impacting reward and benefits:The government is considering limiting the range of benefits offered through salary sacrifice arrangements. It intends to continue to allow pension saving, childcare and health-related benefits, such as bikes-for-work ...
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ArticleTravis Perkins launches car salary sacrifice scheme
Travis Perkins has introduced a car salary sacrifice scheme in order to enhance its employee benefits package.Since the scheme's launch in March 2016, over 180 orders have been received.The scheme, provided by Car Salary Exchange, gives employees access to a choice of 4,000 new cars. The cars ordered thus far ...
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ArticleSan Francisco legislates for employer-supported parental leave
The Board of Supervisors in the US city of San Francisco has passed legislation that will require employers to contribute towards fully paid parental leave.Employees in California are currently eligible to receive up to 55% of their pay for six weeks of parental leave, which is funded through employee payroll ...
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ArticleEmployee Benefits Awards 2016 shortlist unveiled
The shortlist for the Employee Benefits Awards 2016 has now been revealed. The full shortlist can be viewed here.Congratulations to all of the organisations that have been shortlisted.Thank you to all those who entered this year’s awards and to our expert judging panel.Winners will be announced at the Employee Benefits ...
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Case StudiesDS Smith puts employee health at the heart of its business
Corrugated and plastics packaging manufacturer DS Smith believes that investing in its employees is as vital to the business as innovations in equipment. With more than 3,000 employees in its UK packaging division, the organisation recognises that in order to be a preferred partner of choice among its customers, it ...