All Employee Benefits articles in Web Issue – Page 966
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ArticleCould the smell of technology enhance the employee experience?
Something for the weekend: The physical work environment plays an important role in the employee experience; a number of organisations are creating workplaces that are optimised to support employee wellbeing, collaboration, and innovation.But, when considering the elements that contribute to an optimal working environment, how high would smell rank on ...
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ArticleFinancial Conduct Authority consults on transaction cost disclosure for workplace pensions
The Financial Conduct Authority (FCA) has launched a consultation around proposals for standardising the procedure for disclosing transaction costs in workplace pension schemes.Its proposed guidance suggests that asset managers should be subject to the same transaction cost reporting structures as independent governance committees (IGCs) and trustees, ensuring a consistency of ...
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Supplier article
Promoting benefits to millennial employees
by Lauren Herington, associate consultant, health and productivity UKWhen I first joined our industry and I didn’t know what Group Income Protection (GIP) was, a consultant once asked me: “What would you do if you could no longer earn an income as you were too ill or injured to work?”The ...
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Article43% of employers say the living wage improves morale and productivity
Just under half (43%) of employer respondents have found that paying the voluntary living wage improves employee morale and productivity, according to research by Middlesex University London and the University of Liverpool.The Putting the living wage to work study, which surveyed 250 small to medium-sized enterprises (SMEs), also found that ...
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ArticleEXCLUSIVE: PWC to discuss gender pay gap regulations at Employee Benefits Live
PricewaterhouseCoopers (PWC) will discuss the key considerations for organisations ahead of the introduction of the gender pay gap reporting requirements at Employee Benefits Live 2016.Anna Sanford, solicitor at PWC, will speak alongside Helen Corden, legal director at Pinsent Masons, in a session titled Mind the gender pay gap on Tuesday ...
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ArticleEXCLUSIVE: Scottish Power to discuss performance management at Employee Benefits Live
Scottish Power will discuss the organisation’s experience of implementing an online performance management system at Employee Benefits Live 2016.Gillian Thomson (pictured), reward manager at Scottish Power, will speak alongside Evan Davidge, head of reward at Arup, in the session titled Reinvigorating the performance management process on Wednesday 12 October.Thomson will ...
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Supplier article
'Feeling the Squeeze'
Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save ...
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Supplier article
Pension investment strategy: Are Target Date Funds the future for UK DC scheme members?
There are now more active savers in UK DC pension schemes than in DB pension schemes, according to recent stats from the Pensions Policy Institute. It also estimate that in just 15 years there could be as many as 17 million members enrolled in DC workplace pension schemes*.Based on current ...
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Supplier article
Tips for keeping remote workers engaged and positive
The following post was first published here in 2015. As many organisations increase the size of their remote workforce, now’s a good time to refresh ourselves on how to keep virtual workers engaged. As we continue on this journey, we’ll share our successes and lessons learned, and I invite you ...
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Article
4: key findings
The survey, which was conducted in September 2016 among readers of Employee Benefits and www.employeebenefits.co.uk, received 250 responses. Due to rounding, percentages may not add up to 100.Key findings:68% of respondents want to support staff in making more informed decisions at retirement.45% of respondents see auto-re-enrolment as an opportunity to ...
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ArticleEXCLUSIVE: University of Sheffield to discuss financial wellbeing at Employee Benefits Live
The University of Sheffield will discuss financial wellbeing in the workplace at Employee Benefits Live 2016.Andrew Dodman (pictured), chief HR and corporate officer at the University of Sheffield, will present the session titled Understanding the DNA of financial wellbeing and its impact on the UK workforce, alongside Heidi Allan, head ...
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Article81% who experience mental health issues see adverse impact on physical health
More than three quarters (81%) of respondents who have experienced mental ill-health issues have found that their physical health has suffered too, according to research by Axa PPP Healthcare.Its survey of 4,183 British adults, of which 2,470 work full or part time, also found that 52% of respondents who have ...
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ArticleBritish Gas Court of Appeal decision confirms inclusion of commission in holiday pay
The Court of Appeal has confirmed that holiday pay calculations should include a representative amount of commission-based pay.In the case of British Gas v Lock, Lock, a sales consultant for British Gas, brought an employment tribunal claim for outstanding holiday pay when this was calculated according to his basic salary ...
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AnalysisHow to break the taboos around mental health in the workplace
Need to know:Although there is a lot of awareness around mental ill health, there is still a stigma attached to discussing it in the workplace.Employers should promote initiatives that can help support mental wellbeing such as an employee assistance programme (EAP), occupational health, and mental health first aid training.Creating open ...
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Case StudiesWellcome Trust trains employees in mental health first aid
Mental health first aid training has helped the Wellcome Trust deal with a number of mental health issues presented by employees.The medical research charity introduced a pilot mental health first aid training scheme with Mental Health First Aid for England in 2015, and fully launched in the beginning of 2016. ...
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Case StudiesJanssen takes a holistic approach to supporting employees’ mental wellbeing
As a healthcare organisation, Janssen is committed to helping its employees improve their mental and physical health.The research-based pharmaceutical organisation, which is part of the the Johnson and Johnson group, takes a proactive approach to employee wellbeing. Charlie Hamlin, organisation effectiveness manager, says: “Prevention, and health and wellbeing, is very ...
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OpinionPoppy Jaman: Mental health first aid training can guide employees to the right support
We all have mental health just as we have physical health, but it can seem more difficult to spot the signs of mental ill health.The key thing to look out for when it comes to mental ill health are changes in an employee’s usual behaviour, such as unusual irritability or ...
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ArticleHow can employers support staff around pension investment decisions?
Need to know:The majority of employees are in their employer’s default pension fund.Many employers are nervous about providing financial guidance to staff.Sourcing investment fund information may be difficult.The majority (90%) of active defined contribution (DC) pension scheme members invest in their employer’s default pension fund, according to the Pensions and ...
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Case StudiesMotability supports staff to make informed investment decisions
Motability has always been keen for staff to be fully engaged in, and informed enough about its contract-based defined contribution stakeholder pension plan, so that they can decide how best to invest their pension contributions.This is why the mobility support services charity has produced a comprehensive pensions communication strategy, which ...
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ArticleGovernment to develop single body for pensions and debt guidance
The government is to develop a single, public financial guidance body to provide individuals with easy access to pensions and money guidance, and debt advice.The new body will replace Pension Wise, The Pensions Advisory Service (TPAS), and the Money Advice Service.Plans laid out in the March 2016 Budget originally set ...