All Employee Benefits articles in Web Issue – Page 924
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AnalysisEmpowering everyone to save for retirement
Need to know:The introduction of the new state pension could have implications for what support employers offer and how they communicate this.Although auto-enrolment and the new state pension go some way to reducing inequality in pension provision, there is still much more to be done.Employer matching and auto-escalation could encourage ...
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Article60% do not measure success of pensions communication campaigns
Less than two-thirds (60%) of pension decision-maker respondents do not measure the success of pensions communication campaigns, according to research by Capita Employee Benefits.Its Pension scheme insight report 2016, which surveyed 110 pension decision-makers, also found that more than half (56%) of respondents do not believe that pension scheme members ...
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Article72% have not asked for a pay rise in last three years
Almost three-quarters (72%) of respondents have not asked for a pay rise in the last three years, according to research by recruitment consultancy Randstad.Its survey of 2,000 UK employees also found that around a third (34%) of respondents would consider asking their current boss for a pay increase.The research also ...
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ArticleBHS pension scheme and liabilities under scrutiny from regulator and parliamentary committee
The Work and Pensions Committee is to investigate the Pension Protection Fund (PPF) and the potential impact of the BHS pension liabilities upon this.British Home Stores (BHS) filed for administration on 25 April.The retailer entered a company voluntary arrangement (CVA) in March 2016, and has since been under assessment for ...
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Supplier article
Time for a new approach to asset allocation
Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs.Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds ...
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Supplier article
Rousseff impeachment: what would it mean for Latin America?
Thomas Smith, manager of the Neptune Latin America FundLatin American equities have performed strongly so far in 2016, returning 27 per cent in sterling terms. Much of this move has been driven by newsflow from Brazil, with markets reacting positively to the government voting to impeach President Dilma Rousseff and ...
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AnalysisWhat impact has medical inflation had on international private medical insurance policies?
Need to know:An average increase of 9.1% is on the cards for international private medical insurance schemes according to Aon Hewitt’s 2016 Global Medical Trend Rates report.Insurers have developed strategies including hospital networks and claims management to control treatment costs.Employers should consider tiered cover, varying the level of cover and ...
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ArticleBuyer's guide to corporate eyecare 2016
The factsWhat is corporate eyecare?Corporate eyecare is an employee benefit that helps employers meet their duty-of-care requirements for staff who use visual display units (VDUs) and who drive on business. Cover can be provided in various ways, including health cash plans and vouchers and also by setting an arrangement with ...
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AnalysisBuyer’s guide to contract-based defined contribution pension schemes
What are contract-based defined contribution (DC) pension schemes?Defined contribution (DC) schemes are pensions that build a monetary pot for the employee. They are referred to as contract-based because the employee has a contractual agreement with the pension provider.What are the origins of contract-based DC pension schemes?DC schemes were introduced in ...
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AnalysisBack to basics on pensions auto-escalation
Need to knowAuto-escalation is a design built into a pension scheme that automatically increases contributions on a set date at regular intervals, for example, April each year.While it is similar to the Save More Tomorrow concept in the US, auto-escalation has not yet taken off to any great extent in ...
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AnalysisWhat do employers need to know about financial education?
Need to know:More employers are recognising the importance of supporting employees’ financial wellbeing in the workplace with education programmes.Financial education programmes should cover a broad range of financial topics.Determining the issues that are important among staff can be a sensitive task, so it can be more effective to let employees ...
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Case StudiesCoventry University supports employees’ financial wellbeing with education programmes
Coventry University refreshed its financial education programme to help support employees with their financial understanding and also promote awareness of the organisation’s total reward package.In June 2015, the university introduced pilot financial education workshops in response to a number of factors: employees were taking more interest in their own financial ...
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AnalysisInfographic: The content employers would like to include in financial education programmes
An infographic looking at the content employers would like to include in financial education programmes (Source: Nudge Global's Financial education: the definitive guide 2016 research, published in March 2016).Read more in What do employers need to know about financial education?
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AnalysisCan employee involvement boost engagement in a motivation strategy?
Need to know:Involving staff in motivation schemes can encourage take-up.Social events, charitable initiatives and exercise classes are often popular.Peer-recognition schemes can also make employees feel involved.The UK has an employee motivation problem. Research by Argos for Business conducted for Employee Motivation Day, published in February 2016, found that just 30% ...
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Case StudiesAlphabet sees the benefits of staff involvement in motivation strategy
Fleet vehicle business Alphabet encourages staff to help shape its social and motivation initiatives through what it calls Alphabet Proactive Experts, or APEs.Clare Witty, employee engagement manager, explains: “They are essentially volunteers from across the whole [organisation] and they’re my ears on the ground. We have a blackboard that staff ...
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OpinionChris Rowley: Staff involvement with benefits will increase engagement
The subject of employee motivation programmes in the workplace, specifically whether it is important to garner staff opinion when putting programmes in place, remains important and topical. The questions it raises include: should employers involve staff in the design and roll-out of programmes? Would this have an effect on engagement ...
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Supplier article
Are we all Millennials now?
The Millennial generation, or Generation Y, consists of those people born between the early 1980s and the early 2000s.There are many negative stereotypes about this generation: that they are self-absorbed, greedy1 and disloyal2 amongst others. There are also positive stereotypes, but whatever you choose to believe about Millennials the fact ...
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Article39% view investment in employee wellbeing as too expensive
More than a third (39%) of employer respondents feel that investing in employee wellbeing is too expensive, according to research by Barnett Waddingham.Its Workplace wellbeing index, which surveyed 84 employers, also found that 94% of respondents view wellbeing as important to their organisation.The research also found:31% of respondents cite the ...
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ArticleLeeds Beckett University launches wellbeing challenge
Leeds Beckett University has launched a six-week health and wellbeing challenge.More than 700 employees are taking part in the Beckett Steps challenge, which will see them walk 1,015 miles; the distance from London to Rome.During the course of the challenge, staff will record their steps using pedometers and track their ...
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ArticleHave your say on the future of benefits strategy
Have your say on the issues shaping employee benefits strategies by taking part in exclusive research.The online survey will be open to responses until Friday 29 April and will take no more than 10 minutes to complete.The Employee Benefits/Xerox HR Services Benefits research 2016 will provide insight into the range ...