All Employee Benefits articles in Web Issue – Page 976
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ArticleEarly exit charges to be capped at 1% for existing pension schemes
Early exit charges for existing pension schemes are to be capped at 1% from 2017.The cap aims to ensure that individuals over the age of 55 who wish to take advantage of the pension freedoms are not unfairly penalised for accessing their savings early.The Department for Work and Pensions (DWP) ...
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Case StudiesScottish Power uses technology to keep employees’ retirement plans on track
Scottish Power’s UK pensions manager, Anne Harris, is keen to keep up with advances in pension technology to ensure that employees’ retirement plans are on track. She says: “Pensions are becoming more and more complicated, so employees are becoming switched off.“It’s vital that our stakeholder pension scheme members are saving ...
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Article53% of under 35s place flexible working in their top three benefits
More than half (53%) of respondents under the age of 35 cite flexible working as one of the top three most attractive benefits when applying for a new job, according to research by Fidelity International.Its survey of 1,230 UK employees also found that 53% of all respondents list annual leave ...
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Article65% of employees view financial wellness in the workplace as important
Almost two thirds (65%) of employee respondents cite financial wellness in the workplace as important to them, according to research by Thomsons Online Benefits.Its Future of financial wellness report, which surveyed 200 HR and reward professionals and 500 employees in the UK, also found that less than one in 10 ...
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ArticlePicturehouse cinema staff strike in campaign for London living wage
Picturehouse cinema staff based at London venues the Ritzy in Brixton and the Hackney Picturehouse will begin strike action today (Thursday 17 November 2016) in a campaign to receive the independent London living wage.Employees, who are members of the Bectu trade union, are campaigning for their base pay to be ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 10 and 16 November 2016 were: Ryanair advertises for worst job in IrelandRolls-Royce completes £1.1bn pension buyoutArthur J Gallagher acquires ArgentisAston Martin to increase pay for UK staff by 3%EXCLUSIVE: 33% do not plan to offer a workplace lifetime Isa76% rank ...
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OpinionLovewell's logic: Are we witnessing the death of email?
Is email dead? This was the subject of a press release I received earlier this week from workplace design firm Crown Workplace Relocation. It suggested that employees’ growing interest in flexible and remote working was driving the growth of alternative forms of communication such as web chats, screen share and ...
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ArticleCommuters enjoy a surprise vintage train journey
Something for the weekend: Common sights when travelling into work usually include sardine-packed train carriages, with rushed and flustered commuters generally sporting disgruntled expressions. However, this morning (Thursday 17 November 2016), luxury travel organisation Belmond decided to surprise harried employees by taking them to work on the antique day train, ...
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Article58% do not know how much their employer contributes to their pension
More than half (58%) of respondents do not know how much their employer contributes to their workplace pension, according to research by Just Retirement.Its survey of 3,208 employees over the age of 21 also found that 43% of respondents would struggle to identify how much they contribute to their workplace ...
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ArticleCostco and Sainsbury’s are recognised for payroll giving schemes
Arriva London, Costco and Sainsbury’s were among the organisations recognised for best practice around payroll giving schemes at the National Payroll Giving Excellence Awards 2016 on Wednesday 16 November 2016.The awards are designed to reward innovation and promotional excellence, and recognise an organisation’s sustained effort to grow payroll giving schemes.Payroll ...
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ArticleBupa to acquire Oasis Dental Care
Healthcare organisation Bupa is to acquire private dental care organisation Oasis Dental Care.Bupa will acquire Oasis Dental Care from Bridgepoint, a European private equity group, in a £835 million transaction.The acquisition forms part of Bupa's strategy to offer high quality dental services. Following the transaction, Bupa will have a network ...
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Supplier article
It is time to wake up to workplace wellbeing
Eighty-three per cent of global organisations aspire to have a strong culture of wellbeing. So this month, Xerox HR Services is focusing on ways to help improve employees’ total wellbeing. And better outcomes for employees means better outcomes for employers.Read about the latest trends in the Global Wellbeing Survey reportXerox ...
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ArticleAuto-enrolment increases pension saving by £2.5bn
Pension saving has increased by £2.5 billion a year by April 2015 as a result of auto-enrolment, according to research by the Institute for Fiscal Studies (IFS).Its study, which analysed data from around 500,000 jobs between April 2011 and April 2015, also found that auto-enrolment has increased pension participation among ...
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Supplier article
A mindful approach to emotional health
Continuing Workplace Wellbeing month, Xerox HR Services are turning focus to the emotional side of wellbeing —a top priority amongst employers who took part in the Working Well survey, second only to the more traditional element of physical wellbeing.The range of wellbeing options now offered demonstrates a strong understanding by ...
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Supplier article
Why the next Fed rate move might be down, not up, and how that’s not remotely priced in
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike.The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge ...
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AnalysisHow to use benefits to boost engagement and motivation during a busy Q4
Need to knowReward and recognition schemes can motivate staff to meet quarterly and year-end targets.Employers should think about what benefits would help employees in the last few months of the year.Physical, financial and mental wellbeing benefits can provide support for staff during a busy fourth quarter.For sectors such as retail, ...
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Article65% do not feel they understand how workplace pensions are taxed
Almost two thirds (65%) of respondents do not feel they have a good understanding of how workplace pensions are taxed, according to research by PricewaterhouseCoopers (PWC).Its survey of 2,000 UK adults also found that three quarters (75%) of respondents do not understand how the lifetime individual savings account (Lisa) will ...
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ArticleMinnesota introduces six weeks of paid parental leave for state employees
The Minnesota governing administration has introduced up to six weeks of paid parental leave for its 32,000 state employees.Previously, state employees had to use accrued sick leave or purchase short-term disability insurance coverage to take paid time off following the birth or adoption of a child.The policy aims to help ...
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Article53% believe employers that offer dental insurance care more about staff wellbeing
More than half (53%) of respondents believe that an organisation that offers dental insurance as an employee benefit cares more about its employees’ wellbeing than an organisation that does not offer this, according to research by Unum Dental.Its survey of 1,000 full-time employees also found that 48% of respondents under ...
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ArticleBenchmark your pay and benefits package
How does your salary stack up against your peers'? And how does your total remuneration package compare to other reward and benefits professionals?Take part in the exclusive Employee Benefits salary survey for the chance to benchmark your own benefits and compensation offering.We are particularly interested in finding out how salary ...