All Employee Benefits articles in Web Issue – Page 948
-
OpinionLovewell's Logic: Equality and diversity in a post-Brexit world
Last month, one issue dominated conversations, press coverage, and hearts and minds across the UK: the European Union (EU) referendum.Since the Leave result was announced on 24 June, uncertainty and doubt have prevailed. At the time of writing, this shows no sign of abating as speculation continues about the impact ...
-
ArticleThe top 10 most read stories: May-June 2016
The top 10 most-read stories on www.employeebenefits.co.uk between 12 May and 20 June 2016:1. Rolls-Royce Group named UK’s most attractive large employerThe 2016 Global Randstad Awards named Rolls-Royce Group as the large organisation that UK employees would most like to work for. bit.ly/28Ir1VD2. SD Worx acquires Ceridian UK and IrelandThe ...
-
Article40% of 18-24 year olds cite good work-life balance as career goal
Four in 10 (40%) respondents aged between 18 and 24 name a good work-life balance as their main career goal, according to research by Reed.Its survey of 2,000 British employees also found that 17% of respondents aged between 18 and 24 want access to a maternity and paternity offering that ...
-
ArticleJapanese employer extends spousal benefits to same-sex partners
Japanese organisation Rakuten has extended the benefits available to employees' spouses to same-sex partners.The e-commerce organisation has revised the definition of “marriage” and “spouse” in its internal employment regulations in order to recognise same-sex partners.The organisation, which has a total of 13,000 employees globally, approved the internal employment policy amendments ...
-
Supplier article
Employee savings in the short medium and long term
Employers must think about the short-, medium- and long-term needs of their workforce, says Jonathan Watts-Lay, director, WEALTH at workFor some time now, people have been thinking about their personal finances with a short-, medium- and long-term view; albeit most people will look at it from a lifestyle and choice ...
-
ArticleNorth Sea Shell workers strike over pay and allowances
Wood Group employees based on Shell platforms across the North Sea who are members of the RMT and Unite unions are taking part in a 24-hour strike today (Tuesday 26 July 2016) in a dispute over pay and allowances.The industrial action involves around 400 Wood Group employees from the two ...
-
OpinionMarc Meryon: On-demand economy raises questions around workplace rights
New working models emerging from the digital, on-demand economy have given rise to a wave of tribunal cases, with individuals looking to establish the extent of their workplace rights.Earlier this year, four cycle couriers, supported by the Independent Workers’ Union of Great Britain, launched claims in the London Central Employment ...
-
ArticleGroup risk benefits in numbers
A round-up of statistics relating to group risk benefits provision:30% of group income protection claims in 2015 were due to mental health issues (Source: Legal and General) bit.ly/1XnRzfK32% of employee respondents believe critical illness cover is the most important benefit when working past 65 years (Source: Canada Life Group insurance) ...
-
OpinionJoe Ahern: Group risk benefits and the work and health agenda
The changing nature of the UK workforce, driven by an ageing population, presents huge challenges for policymakers, businesses, and other stakeholders. Group risk benefits have a vital role to play in meeting this challenge. Group life, group critical illness, and group income protection (GIP) all address specific risks that are ...
-
ArticleHow to best educate staff about group risk benefits
Need to knowEmployee benefits communication strategies should focus as much on the value of group risk provision as they do on workplace benefits such as pension schemes.A poor grasp of the financial implications of long-term sickness absence among staff has made income protection cover an increasingly important group risk benefit.Employees ...
-
OpinionKatharine Moxham: No employee should be without group risk protection
In the quest to offer a package that appeals to different generations and sectors of the workforce, there can be a tendency to over-focus on choice and flexibility, when there are some benefits that every member of the workforce needs. Take the case of a young unmarried person who might ...
-
ArticleElectrical contractors' wages to rise by up to 3%
The Electrical Contractors’ Association (ECA) has agreed a four-year wage deal that will see its members' pay increase by up to 3% in 2020.The pay rises will be staggered, with members seeing an initial 2% increase in wages during 2017, before reaching 2.5% in 2018, 2.75% in 2019, and 3% ...
-
Article44% feel confident discussing stress or mental health issues with their employer
Less than half (44%) of respondents would not feel confident discussing unmanageable stress or mental health problems with their current employer or manager, according to research by the Chartered Institute of Personnel and Development (CIPD).Its study of more than 2,000 employees also found that 31% of respondents have experienced a ...
-
ArticleUK wages drop by 10.4%
Employees in the UK have seen their real wages fall by 10.4%, according to research by the Trades Union Congress (TUC).The research, which looked at real wage change and employment rate change for countries within the Organisation for Economic Cooperation and Development (OECD) between 2007 and 2015, found that the ...
-
ArticleMajestic Wine CEO shares bonus with staff
Majestic Wine chief executive officer Rowan Gormley has requested that his share award bonus be distributed among 493 eligible employees, potentially netting each member of staff approximately £14,000.The share awards will take the form of a one-off payment to current employees who are members of the organisation’s long-term incentive plan, ...
-
Supplier article
New tax year sees major changes to the way interest and dividends are taxed
The new tax year saw major changes to the way interest and dividends are taxed. With the introduction of two new allowances, plus increases to existing allowances, the Treasury estimates that 95% of savers will no longer pay any tax on their savings.WEALTH at work, a leading provider of financial ...
-
ArticleThe month in numbers: June 2016
A round-up of some of the key facts and figures in June 2016:32% of employer respondents in the UK use group risk benefits to attract and retain key members of staff (Source: Group Risk Development) bit.ly/28IPzwc54% of respondents offer flexible-working initiatives (Source: Employee Benefits/Xerox HR Services) bit.ly/28IQnzw61% of employer respondents ...
-
ArticleHow to determine which group risk benefits best suit an organisation
Need to knowMany employers take a one-size-fits-all approach to group risk benefits, but some offer employees choice through flexible or voluntary benefits schemes.Employers can use data sets such as claims data, absence data and occupational health data to form a health-risk profile, which can then determine which group risk benefits ...
-
Supplier article
WEALTH at work delivers financial education to students
WEALTH at work has delivered a brand-new series of financial education workshops, specifically for students at The University of Lincoln. The workshops will take place three times a year in order to develop students’ financial knowledge, preparing them for life during and after university.The students will learn how to manage ...
-
Article6.1 million employees have been auto-enrolled into a pension scheme
More than 6.1 million UK employees have been automatically enrolled into a pension scheme since 2012, according to research by The Pensions Regulator (TPR).Its Automatic-enrolment: commentary and analysis report, which covers the period from April 2015 to March 2016, also found that two-thirds (66%) of employees are active members of ...