All Employee Benefits articles in Web Issue – Page 978
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Case StudiesCapgemini centralises costs with multinational pooling
Capgemini, which operates in 44 countries around the world, reduced spend on insurance-based employee benefits, such as medical insurance, critical illness insurance and travel accident insurance, by using multinational pooling to combine numerous local contracts into one international set-up.The project, which started at the end of 2013 as the consulting, ...
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OpinionDan Sharman: Taking employee share plans to a global workforce needs careful consideration
As part of a global benefits strategy, international organisations often want to expand their share plans to cover employees who are based overseas. Often, this is crucial to attract and retain key talent internationally and to achieve parity in remuneration packages across the global workforce.However, granting employees equity is a ...
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ArticleEXCLUSIVE: 73% have conducted a pensions communication exercise in the last year
EXCLUSIVE: Almost three-quarters (73%) of employer respondents have carried out a pensions communication exercise within the last year, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that 18% of respondents have undertaken a pensions communication exercise ...
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ArticleHow the Autumn Statement 2016 will impact employee benefits
On 23 November 2016, Chancellor Philip Hammond delivered his Autumn Statement 2016 speech. Below is a round-up of the key announcements with a bearing on employee benefits:From April 2017, the government will limit the range of benefits that attract tax and employer national insurance (NI) advantages when offered through a ...
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ArticleEXCLUSIVE: 57% of employers measure gender pay differences
EXCLUSIVE: More than half of respondents currently measure differences in gender pay, according to research by Paydata.Its Autumn 2016 UK reward management survey, which surveyed 140 organisations, found that this is up from 44% a year ago.In addition, the research found that 33% of respondents will address the cost of ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 17 and 23 November 2016 were: Keep up to date with the Autumn StatementGovernment limits tax-efficient salary sacrifice arrangementsBupa to acquire Oasis Dental CareCostco and Sainsbury's are recognised for payroll giving schemesPackaging workers to strike over payBenchmark your pay and benefits ...
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Supplier article
The Autumn Statement 2016
The Chancellor yesterday delivered the Autumn Statement 2016.Salary sacrifice scrapped – with a few exceptionsThe tax and employer National Insurance advantages of salary sacrifice schemes will be removed from April 2017, except for arrangements relating to pensions (including advice), childcare, Cycle to Work and ultralow emission cars. Arrangements in place ...
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ArticleCarlsberg doubles salary for four-hour beer tasting job
Something for the weekend: Carlsberg Singapore has doubled the salary for what it describes as #ProbablyTheBestJob. The organisation is recruiting for a very exclusive beer taster position, offering an impressive S$20,000 (£11,211) for just four hours of work.The successful candidate will act as a Carlsberg ambassador. This involves drinking Carlsberg ...
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OpinionLovewell's logic: Is the abolition of salary sacrifice actually an opportunity?
This week’s Autumn Statement brought months of speculation to an end when Chancellor Philip Hammond announced that the tax and NI advantages on benefits offered via salary sacrifice will be abolished from April next year.Contrary to many reports in the national press over the last week or so, this was ...
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ArticleLidl UK to increase pay in line with voluntary living wage
Supermarket Lidl UK is to increase minimum pay in line with the new voluntary living wage rates from 1 March 2017 as part of its ongoing pay strategy.Lidl employees across England, Scotland and Wales will receive a minimum of £8.45 an hour, and £9.75 an hour in London. The pay ...
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ArticleDo not miss Employee Benefits Wired: maximising pensions potential
Employee Benefits Wired: maximising pensions potential, presented in association with Close Brothers Asset Management, will be broadcast live at 11am on Tuesday 29 November 2016. The debate can be viewed for free on EB TV.The online panel discussion will provide insight on the key factors impacting pensions. This will include ...
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ArticleDHL Supply Chain staff to strike over pay
DHL distribution staff who are members of trade union GMB are to strike on Monday 28 November 2016 in a dispute over pay.Union members at Spectrum for Arcadia, a division of DHL Supply Chain, have voted to walk out of the Birmingham-based depot on so-called Cyber Monday, a day when ...
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ArticleFCA consults on annuity comparator implementation
The Financial Conduct Authority (FCA) has launched a consultation on its plans to require annuity providers to inform consumers about how much they could gain from shopping around before a potential annuity purchase.The introduction of an annuity comparator aims to encourage individuals to shop around for a competitive annuity product ...
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Article33% feel pressure not to take time off work for a doctor's appointment
A third (33%) of respondents cite pressure not to take time off from work as the reason for cancelling, missing or postponing an appointment with a GP, according to research by Doctor Care Anywhere and YouGov.The survey of 1,010 middle managers and employees in private organisations also found that 37% ...
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ArticleEXCLUSIVE: 46% offer at-retirement support to staff
EXCLUSIVE: Less than half (46%) of employer respondents offer at-retirement support to employees, compared to 45% in 2014, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that 49% of respondents run retirement seminars for staff in ...
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ArticleEmma Hart: How can organisations spread festive cheer in the workplace?
In the run-up to the festive season, it is important for organisations to consider how to engage and involve their employees during this time. It is understandable that while work still carries on, the more engaged the workforce is during this time, the more productive staff will be. While the ...
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ArticleClaire Huish: How can organisations spread festive cheer in the workplace?
More often than not employees are working longer and harder over the festive period, and they’re doing all this while also trying to find time to catch up with friends and family. It is tempting for business owners to think they have done all that is needed to keep staff ...
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ArticleSteve Foulger: How can organisations spread festive cheer in the workplace?
There are a wide variety of ways that festive cheer can be spread across a business. Efforts should be focused at an individual and team level, as well as at a business-wide level and externally to the business.Of course you should still expect colleagues to work hard, but I recommend ...
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VideoEmployee Benefits Wired: Maximising pensions potential
In association with: Key themes covered during the discussion:The pension freedomsPensions auto-re-enrolmentAt-retirement supportFinancial education for pension scheme membersKey issues likely to impact pensions in the coming yearPanellists:Jeanette Makings, head of financial education services, Close Brothers Asset ManagementNigel Peaple, deputy director, DC, lifetime savings and research, Pensions and Lifetime Savings AssociationJacqui ...
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ArticleGreater London Authority has a 4.6% gender pay gap
The Greater London Authority (GLA), has a gender pay gap of 4.6%, according to the authority's latest gender pay audit.Full-time male employees at the GLA, which employs 795 staff on permanent and fixed-term contracts, are paid £22.44 an hour on average, and full-time female staff are paid £21.40 an hour. ...