All Employee Benefits articles in Web Issue – Page 944
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ArticleDWP consults on future of Nest
The Department for Work and Pensions (DWP) has launched a consultation on the future of the National Employment Savings Trust (Nest) to investigate whether the service needs to better reflect the current pensions market.The consultation will consider the role and breadth of Nest in relation to pension reforms, such as ...
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ArticleEXCLUSIVE: Royal Mail Group receives 1,200 orders for car salary sacrifice scheme
Royal Mail Group has seen staff place 1,200 orders for cars after launching a salary sacrifice car scheme in March.It launched its My Drive scheme, which employees can take up at any time and is provided by Zenith, in conjunction with the launch of its flexible benefits plan, branded My ...
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Supplier article
Life cover for life
When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what ...
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Supplier article
See how easily you can double your clients’ cover
Amanda wrote recently about those clients who need a little tough love – the ones who arrive at your door knowing how much cover they want and why they want it. What they seldom know is how much cover they actually need, what type of cover they should choose and ...
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ArticleBuyer's guide to childcare vouchers 2016
The factsWhat are childcare vouchers?This is a government-backed scheme to help working parents afford quality childcare. Depending on their income, parents can receive childcare vouchers worth up to £243 a month from their employer, free of tax and national insurance (NI) contributions. Vouchers can be used for a range of ...
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ArticleSports Direct to review bonus arrangements
Sports Direct is to review its incentive arrangement after failing to reach the full year earnings targets required to trigger payments under its annual share-based bonus scheme.For the 2,000 eligible employees to receive a payment under the existing annual bonus scheme, Sports Direct needed to record earnings of £420 million, ...
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ArticleFinancial wellbeing in numbers
A look at some key statistics around financial wellbeing in the workplace:76% of US respondents provide financial health programmes for employees (Source: Fidelity Investments and the National Business Group on Health) bit.ly/1N6SVnG44% of millennial respondents cite saving for a house as their financial priority (Source: Barnett Waddingham) bit.ly/229SxM066% of respondents ...
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AnalysisHow to support employees in a financial emergency
Need to know:The nature of the financial problem often depends on the stage of life an employee is at.Employee assistance programmes (EAPs), debt management support and emergency loans are just some of the ways that employers can help their employees during difficult times.Employers can also offer online budget modellers, a ...
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ArticleBuyer's guide to health screening 2016
The factsWhat is health screening?Corporate health screening is a range of assessments that can help identify health risks. This can help to safeguard employees’ health by identifying potential health issues that may benefit from early intervention.Where can employers get more information?Information on screening and tests that are recommended for employees ...
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ArticlePhysical activity gets employees emotionally fit
Employers are recognising the wider benefits of incorporating staff fitness and physical activity into an employee wellbeing strategy.In May 2016, Leeds Beckett University launched its second six-week Beckett Steps Challenge, with 708 campus staff taking part compared to last year’s 380. The challenge, which culminates in June, sees employees make ...
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Article8% reduce reward package in response to national living wage
Less than one in 10 (8%) employer respondents who have seen their wage bill increase following the introduction of the national living wage have reduced aspects of their reward package, such as paid breaks, overtime or bank holiday pay, in response to this, according to research by the Resolution Foundation.The ...
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ArticleFat Face launches mobile phone salary sacrifice scheme for staff
Clothing and accessories retail organisation Fat Face has launched a new salary sacrifice mobile phone scheme for its 3,000 UK employees.The benefit, Phonescheme, provided by Grass Roots, was introduced in June 2016. The scheme enables staff to save up to 42% on the cost of a mobile phone.The scheme was ...
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ArticleEXCLUSIVE: Benefex and EY partner on employee engagement
EXCLUSIVE: Professional services organisation EY has partnered with employee benefits provider Benefex to offer employee engagement solutions.The organisations will work together to provide employee benefits and engagement technology alongside consulting services with the aim of enhancing people performance, staff engagement, and talent attraction and retention.The collaboration will see EY deliver ...
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Supplier article
Jelf Employee Benefits launches new online e-learning courses
Jelf Employee Benefits has launched two e-learning courses to help employees get in control of their finances, plan effectively for the future and prepare for retirement:Early Life Financial EducationLater Life Retirement PlanningBenefits for employers and employeesIt is now widely accepted that providing this kind of support for employees is the ...
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Case StudiesAccenture embeds diversity and inclusion into its culture
Professional services organisation Accenture, which employs just over 12,500 staff in the UK and Ireland, strives to be at the forefront of workplace diversity and inclusivity. Its significant commitment to providing a supportive environment for its employees has received external recognition, such as a 2015 European Diversity Award for Outstanding ...
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AnalysisHow can benefits help to create an inclusive workplace culture?
Need to know:A supportive working environment can help staff feel they can bring their whole selves to work, benefiting both employees and employers.Line managers will be the first port of call for many, so they must feel equipped to offer appropriate support.Supportive and flexible workplace benefits should be accompanied ...
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OpinionBenjamin Fletcher: Benefits that recognise the diversity of employees’ lives can aid engagement
The world of work today is very different to even 10 years ago, and so too are employee expectations. Traditional work and home life divides have diminished as a generation grew up connected by and accustomed to sharing their lives on social media. Work and home-life separation has also come ...
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Case StudiesUniversity of Sheffield takes proactive steps to enable staff to bring their whole selves to work
The University of Sheffield has worked hard to proactively develop a supportive and inclusive working environment, which has helped to lead to its inclusion on Stonewall’s Top 100 Employers 2016 list, and its ranking in the top third of The Sunday Times’ 100 Best Not-For-Profit Organisations to Work For 2016 ...
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ArticleStarbucks enhances pay and benefits package for US staff
International coffee chain Starbucks is increasing pay and enhancing its benefits package for US-based employees, including changes to its healthcare programme and share scheme.Starbucks US is developing a personalised healthcare benefits package with the aim of giving employees greater flexibility and choice to suit their needs and budget.From 18 July ...
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ArticleEY and LV= commit to Women in Finance Charter
A total of 72 organisations, including EY (pictured), LV=, and Standard Life, have signed up to the Women in Finance Charter, which aims to drive diversity across the financial services industry.The charter, which was developed in response to Jayne-Anne Gadhia’s Review in March, commits financial service organisations to link the ...