All Employee Benefits articles in Web Issue – Page 953
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ArticleNestle agrees pay and pensions deal for employees
Food and drink organisation Nestle has agreed to a pay and pensions deal for 7,600 UK employees put forward by the GMB and Unite trade unions.The new package includes a career average defined benefit (DB) pension based on an 80th accrual rate for all existing members, the introduction of a ...
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Article£4.3bn paid out in lump sums under pension freedoms
Some £4.3 billion has been paid out in 300,000 lump sum payments under the pension freedoms between April 2015 and April 2016, according to research by the Association of British Insurers (ABI).It also found that the average lump sum payment totals £14,500.In addition, £3.9 billion has been paid out via ...
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Video
Why wellness in the workplace matters
The 10 minute video above, presented by Beate O'Neil, head of wellness consulting at Punter Southall Health and Protection, covers: Why are we suddenly seeing such an increase in workplace wellness programmes and why is it important that employers consider their own?How does an organisation go about developing its wellness ...
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ArticleDeliveroo trials drop fee pay system for London couriers
Food delivery organisation Deliveroo is trialing a new pay system for 280 London-based couriers, swapping a traditional hourly fee for a payment per delivery structure.Currently being tested on an employee opt-in basis for 90 days across five areas in London, the pay change involves riders being paid £3.75 per delivery ...
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ArticlePetra Wilton: What lessons can organisations learn from the Hollywood gender pay debate?
It is rare that Hollywood offers lessons in effective management; mercifully few of us see Don Corleone or Miranda Priestly as acceptable role models. The campaign for equal pay in Hollywood, however, does offer real lessons.Jennifer Lawrence, the world’s highest-paid actress, will no doubt have paused to consider the public ...
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ArticleLucy Rees: What lessons can organisations learn from the Hollywood gender pay debate?
Gender pay differences exist throughout organisations and around the world. In Hollywood, recent debates in relation to the gender pay gap have highlighted the issue. Leading female actors, including Jennifer Lawrence, Meryl Streep, Sharon Stone, Gwyneth Paltrow and Patricia Arquette, have been speaking out about gender pay differences and the ...
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ArticleJackie Kinsey: What lessons can organisations learn from the Hollywood gender pay debate?
Last year, Jennifer Lawrence wrote a moving open letter about her experiences with pay disparity. She is one of the world’s most bankable movie stars, and she faces the same entrenched sexism that so many women struggle with every day.But she did more than just point out a well-known injustice. ...
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ArticleUniversity of Cambridge introduces sleep workshops at annual wellbeing festival
The University of Cambridge introduced sleep workshops for staff as part of its annual Festival of Wellbeing.The Sleep to Perform workshops, provided by the Sleep School, aim to improve the quality and duration of employees’ sleep and address the impact of poor sleep on workforce wellbeing.The workshops highlighted the importance ...
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Article33% believe cycling and walking to work increases employee productivity
One third (33%) of employer respondents believe that employees who cycle or walk to work are more productive than staff who use the bus or train to commute, according to research by Cyclescheme.The research, which surveyed 103 employers from Cyclescheme’s database, also found that 44% of respondents believe that employees ...
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Video
Home versus host-based pay in global mobility
The five minute video above, presented by Courtney Ellis-Jones, subject matter expert at The Forum for Expatriate Management, covers: What are the benefits and drawbacks of home and host-based pay in global mobility?What is the major disadvantage to home-based pay with host location tax remittance?What is split pay and where ...
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ArticleSports Direct workers to receive £1m in back pay
Workers at Sports Direct's Shirebrook-based warehouse are to receive back pay amounting to an estimated £1 million to compensate for not being paid the national minimum wage.The payments will be back dated to May 2012. The back pay will cover the additional time taken for unpaid staff searches at the ...
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Supplier article
Top tips for employees to cut costs and boost savings
WEALTH at work shares some of its top tips for employees wanting to cut their costs and to boost their savings.1. Do employees know where their money is going?Employees should check their bank statements and make a list of what they are spending each month. It is helpful to divide ...
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ArticleEXCLUSIVE: 29% offer share schemes for all staff
EXCLUSIVE: More than a quarter (29%) of employer respondents offer shares or share options for all employees, according to research by Employee Benefits and Xerox HR Services.The Benefits research 2016, which surveyed 338 employer respondents, also found that 16% offer shares or share options for executive and senior-level staff.Of those ...
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Supplier article
Reward – key findings from recent think tanks
Earlier in the year, we invited large multinational organisations to our Employee Reward Think Tanks in London, Toronto and New York. These independent informal research exercises were used to gather information on the impact of Global Total Rewards Consolidation on Rewards practice. The format was a roundtable forum seeking individual ...
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Article69% feel managers increase workplace stress
More than two-thirds (69%) of respondents believe that the behaviour of managers increases stress in the workplace, according to research by MetLife.Its survey of 1,211 full-time employees also found that 45% of respondents feel that stress caused by management has resulted in employees within their organisation taking extended time off ...
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Supplier article
90% of employers think employees save more through workplace savings options
WEALTH at work recently carried out a poll and found that 90% of employers thought that employees save more when workplace savings options (such as workplace ISAs, SAYE/SIP schemes and pensions) are offered.In light of this, Jonathan Watts-Lay, director, WEALTH at work, discusses why looking after an employee’s financial wellbeing ...
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Supplier article
The future of salary sacrifice after HMRC consultation
Recently there has been much speculation that the government was concerned about – and intended to change – the rules that allow many employee benefits to be provided via a mechanism known as salary sacrifice.The reason for this focus is that the number of salary sacrifice schemes operated in the ...
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ArticleFTSE 100 organisations pay £13.3bn into defined benefit pension schemes
FTSE 100 organisations paid £13.3 billion into defined benefit (DB) pension schemes in 2015, compared to £12.5 billion in 2014, according to research by Lane Clark and Peacock (LCP).The annual Accounting for pensions report, which is based on analysis of data publicly disclosed by FTSE 100 organisations, also found that ...
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Video
Harnessing a resilient mindset fit for the future workplace
The six minute video above, presented by Tom Gaynor, employee benefits director at MetLife UK, covers: Why are mental health and stress issues in the workplace becoming more prevalent?What role does a challenging environment and changing workplace play in increasing this further?Isn’t stress just a normal part of everyday life?How ...
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ArticleSpark commits to higher pay benchmark for staff
New Zealand-based telecommunications organisation Spark has committed to a higher pay benchmark for staff.Under the organisation's Spark Pay scheme, all non-commission based full-time employees will earn a minimum of $40,000 (£30,729) a year.Commission-based employees will be able to earn an average of $42,000 (£32,266) a year, although take home pay ...