All Employee Benefits articles in Web Issue – Page 950
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Article94% would promote staff without giving pay rise
The majority (94%) of senior finance executive respondents would give an employee a promotion without offering additional remuneration, according to research by Robert Half UK.The research, which is based on interviews with 200 chief financial officers and finance directors in the UK, also found that around a third (30%) of ...
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ArticleEXCLUSIVE: Freepoint Commodities boosts staff engagement with pensions
EXCLUSIVE: Commodity trading organisation Freepoint Commodities has seen 45% of UK employees who are members of its workplace pension scheme check their pensions online on a monthly basis since the launch of a new group pension and workplace savings platform in January 2016.The organisation introduced the new group self-invested personal ...
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Article31% are more concerned about their pension after Brexit vote
Just under a third (31%) of respondents are more concerned about their pension and retirement since the UK’s decision to leave the European Union (EU) in June’s referendum vote, according to research by Wealth Wizards.Its survey of 2,000 Brits also found that 31% of respondents feel it is their employers’ ...
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OpinionAkshay Choudhry: Uber test case could disrupt UK's burgeoning gig economy
In July, the Central London Employment Tribunal heard evidence concerning the employment status of two Uber drivers in a test case that could have a significant bearing on the rights of the tens of thousands of Uber drivers in the UK, and potentially countless others working in ...
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ArticlePension deficits hit £139bn for FTSE 350 organisations
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed organisations stood at £139 billion at the end of July 2016, compared to £119 billion at the end of June, according to research by Mercer.Its Pensions risk survey, which is based on analysis and projections ...
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ArticleMassachusetts introduces equal pay for comparable work law
The US state of Massachusetts is introducing a pay equality bill to ensure equal pay for comparable work for all employees.Charlie Baker, the governor of Massachusetts, signed the Act to Establish Pay Equality into law on Monday 1 August 2016, after it was unanimously passed by both the Massachusetts House ...
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Article51% offer a car salary sacrifice scheme to boost staff morale
Just over half (51%) of employer respondents who offer a car salary sacrifice scheme to staff provide the benefit to raise employee morale, according to research by finance organisation Maxxia.Its HR views on salary sacrifice car schemes report, which surveyed 100 HR professionals in UK-based organisations with at least 250 ...
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AnalysisWhat role does robo-advice play in a financial education strategy?
Need to know:The Financial Conduct Authority (FCA) estimates that there are 16 million people in the ‘advice gap’: those that need financial advice but cannot afford it.While the retail distribution review (RDR) made the advice charging process more transparent, it also made it more expensive by raising standards.Robo-advice is seen ...
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OpinionIan McKenna: Robo-advice is designed to help plug the financial advice gap
The size of the ‘advice gap’, the number of people who do not get financial advice, creates a significant risk that employees will seek to remain employed beyond the point where they are productive, because of inadequate retirement income.Recent moves, such as the so-called retail distribution review (RDR), have raised ...
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Case StudiesAberdeen Asset Management uses robo-advice to promote awareness of pension changes
Aberdeen Asset Management introduced a robo-advice platform to help employees fully understand the complex pension changes that came into effect on 6 April 2016, specifically the changes to the annual allowance and lifetime allowance for high earners.The financial services organisation worked with Lemonade Reward to introduce a platform whereby employees ...
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Analysis
Default investment solutions
A survey of pension trustees, managers and members by Aon Hewitt in July 2016, found that nearly two-thirds of respondents were considering reviewing their default investment solution in the light of the EU referendum result. Jenny Holt looks at the ongoing role of investment defaults within a pension scheme, and ...
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Supplier article
Should you offer a health cash plan?
A health cash plan is a type of health insurance that’s designed to help your employees deal with the costs of everyday healthcare. Health cash plans can be provided at a low cost to you, and so could be a cost-effective benefit to help reward and retain your workforce.The benefits ...
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ArticleSasto Deal introduces menstrual leave policy
Online retail organisation Sasto Deal has introduced a menstrual leave policy for female staff.The Nepal-based organisation, which has a total of 40 employees, introduced the menstrual leave initiative in July 2016 after Amun Thapa, founder and chief executive officer at Sasto Deal, discussed issues that may impact women in the ...
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Article43% would feel more valued if offered group income protection or critical illness cover
Just under half (43%) of respondents would feel more valued at work if their employer provider group income protection (GIP) or group critical illness cover, according to research by Canada Life Group Insurance.Its survey of 1,004 full and part-time employees also found that 29% of respondents would be more likely ...
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Article45% of office staff feel under an unpleasant amount of pressure at work
Almost half (45%) of office-based respondents feel under an unpleasant amount of pressure at work on a weekly basis, according to research by Viking.The Exploring the workplace report, which surveyed 2,000 UK employees, also found that 49% of home-based respondents feel they have no one to talk to about stress-related ...
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Supplier article
When pension transfers go wrong
Gary Crockford, head of Xerox’s knowledge and resource centre in the UK, looks at where the responsibility lies when pension transfers go wrong.Donna-Marie Hughes, then aged 41, had a personal pension scheme administered by Royal London. She set up a small self-administered pension scheme (SSAS) whose name incorporated the road ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 28 July and 3 August 2016 are: HR professionals are the most 'hangry'79% of millennials believe benefits would make them more loyal to employerUK EXCLUSIVE: Arthur J Gallagher acquires Orb Financial Services37% increase in employees seeking work-related stress supportEXCLUSIVE: Freepoint Commodities ...
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ArticleHow to motivate Whitehall's feline employees
Something for the weekend: UK government officials are adding chin rubs, belly strokes, and plenty of cuddles to their employee motivation and reward strategies as they welcome new hire Gladstone, the latest cat to join Whitehall's mouse-catching team.Based at the Treasury, the one-year-old, short-haired black cat has been named after ...
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OpinionLovewell's logic: Is your workplace ready for Rio?
This week finally sees the 2016 Olympics get underway in Rio, after what seems like months of increasingly critical headlines questioning the readiness of the host nation and its ability to successfully stage ‘the greatest show on Earth’.Whether such speculation will ultimately prove to be justified remains to be seen, ...
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Article86% do not receive seasonal summer perks
More than eight in 10 (86%) respondents do not receive any additional workplace perks or seasonal benefits during the summer months, according to research by Peldon Rose.Its Happy office survey, which surveyed 611 London-based office staff, also found that only 43% of respondents currently feel appreciated by their organisation.The research ...