All Employee Benefits articles in Web Issue – Page 968
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ArticleWomen in their 50s earn £8,504 a year less than men
Women in their 50s who work full time earn £8,504 a year less than a man working full time, according to research by the Trades Union Congress (TUC).Its analysis of Office for National Statistics (ONS) data, also found that an 18-21 year-old woman who works full time earns £1,395 a ...
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ArticleAdmiral introduces home-moving salary advance to support financial wellbeing
Employee Benefits Live 2016: Admiral has introduced a home-moving salary advance scheme for employees.The scheme, which has been running for six weeks, enables staff to borrow a set amount of money and repay it over an 18-24 month period. It is designed to help employees with moving costs, and steer ...
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ArticleEmployee-wide leadership can motivate staff and drive business success
Employee Benefits Live 2016: Employees at all levels of an organisation should present themselves as leadership role models to empower and motivate colleagues to achieve personal success within a business setting, helping an organisation to achieve its goals.Presenting the final keynote address at Employee Benefits Live 2016, Nicky Moffat CBE ...
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Article16% of defined contribution scheme members are saving enough into their pension
Less than a fifth (16%) of defined contribution (DC) pension scheme member respondents are saving enough into their pension to maintain their current standard of living in retirement, according to research by Aon.The Defined contribution member survey 2016, which surveyed 2,004 UK adults who are members of a DC fund, ...
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Article67% of bankers would consider quitting their job because of stress
More than two thirds (67%) of financial institution and investment bank employee respondents would consider quitting their jobs in the next year if stress levels do not improve, according to research by MetLife.Its survey of 104 decision makers at financial institutions and investment banks also found that 70% of respondents ...
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ArticleEmployment tribunal rules on comparability of roles in Asda equal pay case
A Manchester Employment Tribunal has ruled that female employees based within Asda supermarkets can compare themselves to male staff who work in the retailer’s distribution centres.Around 7,000 former and current Asda employees are bringing an equal pay claim against the retailer. The claimants, who are mostly female, argue that they ...
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ArticleEmployee Benefits Live 2016 speaker slides
Where speakers have given approval, we have uploaded the slides for the keynote and conference sessions at Employee Benefits Live 2016, which took place on 11-12 October 2016 at Olympia, National.Thank you very much to all of the speakers for sharing their ideas, experiences and insights.Keynote speakers:K1: Revealed: the secrets ...
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ArticleUrsula Huws: How can employers support wellbeing in the gig economy?
The explosive growth of the ‘platform economy’ has taken many by surprise. In a matter of a few months, organisations such as Uber, Handy, Deliveroo and Taskrabbit have sprung from obscurity to become household names, while employers seeking freelancers have stopped using specialist directories or searching in the Yellow Pages ...
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ArticleDaniel Tomlinson: How can employers support wellbeing in the gig economy?
Working in the gig economy can be a liberating experience. Freed from the rigidities of the nine-to-five life, individuals find that they are able to enjoy work at a pace that suits them. For many, gig work and its associated flexibility is a wellbeing boost in and of itself.But for ...
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ArticleLouise Ward: How can employers support wellbeing in the gig economy?
A growing number of employers in Britain support their staff with a variety of wellbeing initiatives. However, only permanent staff tend to benefit from the increasingly popular direct wellness programmes, such as subsidised gym membership, healthcare, lifestyle advice, and subsidised healthy meal options, as well as from professional and personal ...
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Article
9: Industry insight - Pensions versus property: Simplicity and saving
The debate between the virtues of investing in a pension, or in a property when planning for retirement has raged fiercely recently. The Bank of England’s chief economist, Andy Haldane, fanned the flames of the discussion by suggesting that the best way to save for a retirement “ought to be ...
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ArticleSallie Mae extends paid parental leave to 12 weeks
US-based college finance organisation Sallie Mae has enhanced its parental leave policy to offer up to 12 weeks of fully-paid leave for employees who are new parents.The organisation, which employs more than 1,200 members of staff in the US, will now offer 12 weeks of parental leave at full pay ...
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Article18% of working mums leave their jobs because of a declined flexible-working request
Almost a fifth (18%) of working mother respondents have been forced to leave their jobs because a flexible-working request has been turned down, according to research by Workingmums.co.uk.Its survey of 2,000 women also found that 50% of respondents who are currently on maternity leave believe that childcare costs could prevent ...
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Supplier article
Three steps to maintain a health and wellbeing programme
by Luke Prankard, senior health and wellbeing consultant, Thomsons Online BenefitsFor employers, health and risk insurance is like placing a bet against the probability of a claim occurring. The problem is the rules, odds and pricing are set to enable insurers to control their risk and stay in business and ...
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ArticleTesco staff to take legal action over reduced pay
A group of long-serving Tesco employees are set to take legal action against the supermarket chain over a reduction in pay for working weekends, bank holidays and nights.The changes in pay form part of a two-year pay deal announced in February 2016, which included a new approach to premium payments. ...
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OpinionElizabeth Slattery: Impending Brexit could pose dilemma around holiday pay decisions
Many things are uncertain following the outcome of the referendum on the UK's membership of the EU, including the timing of any exit and the form that it will take. In the meantime, employers still have to grapple with the ramifications of Court of Justice of the European Union (CJEU) ...
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Article45% would welcome wearable technology in the workplace
Just under half (45%) of respondents would welcome the introduction of wearable technology in the workplace, according to research by PMI Health Group.The research, which surveyed 1,197 UK adults aged between 18 and 64 years old, also found that 40% of respondents would object to sharing personal, health-related data generated ...
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ArticleGovernment cancels plans for secondary annuity market
The government has cancelled its plans to create a secondary annuity market on the grounds that sufficient consumer protections could not be balanced with the development of a competitive market.After discussions with industry experts, financial regulators and consumer groups, government officials reached the conclusion that creating the conditions for a ...
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ArticleZurich commits to Women in Finance Charter
Insurance organisation Zurich has signed up to the Women in Finance Charter, which aims to improve gender diversity within the financial services industry.The charter, which is a voluntary initiative launched by the government in March 2016, commits financial organisations that sign up to link the remuneration packages of their executive ...
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AnalysisIs it time for an image overhaul for voluntary benefits schemes?
Need to know:Voluntary benefits now form part of a wider approach to employee engagement.Access through mobile apps and online portals has helped to create a new face for voluntary benefits schemes.Employees increasingly expect to be offered voluntary benefits as a standard part of their reward package.Voluntary benefits schemes have long ...