All Employee Benefits articles in Web Issue – Page 993
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Article37% receive recognition for good work
Just over a third (37%) of respondents receive praise and recognition when they do good work, according to research by engagement consultancy Dragonfish.Its survey of 1,200 employees at UK organisations with more than 1,000 staff members also found that less than half (43%) of respondents feel valued for their contribution ...
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ArticleThe Taxback Group launches global health and wellbeing programme
Global tax and finance organisation The Taxback Group has launched a new health and wellbeing programme for staff across its 33 international office locations.The new health and wellbeing initiative, the GroupLife programme, is available to all 1,000 employees across 22 countries. It centres around three key pillars: mind, body and ...
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ArticleAuto-enrolment review to consider how to widen workplace pension scope
On 12 December 2016, the Department for Work and Pensions (DWP) confirmed the key areas that will be tackled in the 2017 review of pensions auto-enrolment.As well as measuring the success of auto-enrolment so far, the review will also investigate how auto-enrolment can be developed further to encourage more individuals ...
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ArticleFinal draft regulations bring further clarity to gender pay gap reporting
The government published final draft regulations for gender pay gap reporting in December 2016, providing further clarification around the information that employers will have to report.The regulations, which are due to come into effect in April 2017, will require organisations with 250 or more employees to publish the difference between ...
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OpinionMiranda Seath: Employees need to recognise the importance of seeking financial guidance
Chancellor Philip Hammond avoided throwing any deliberate hand grenades at pensions policy in the Autumn Statement 2016. There was no tinkering with the triple lock or pensions tax relief despite speculation from some commentators that there might be. Although the triple lock looks to be under threat after 2020, Hammond ...
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ArticleFinancial education in numbers
A round-up of the key facts and figures relating to financial education in the workplace:49% of employee respondents feel that their employer does not do enough to support informed financial decisions on savings and investments (Source: Equiniti) bit.ly/2ev3g5o38% of UK employee respondents who work at an organisation with a financial ...
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Supplier article
Understanding and preparing for salary sacrifice changes
The benefits landscape has changed, but there are measures you can take to try and regain control of the new world of salary sacrifice. But as an HR professional, why does this matter? Many companies have been using the tax savings to fund other HR programmes or pass along savings ...
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ArticleEXCLUSIVE: 70% of benefits professionals receive a cash bonus
EXCLUSIVE: Just under three-quarters (70%) of respondents received a cash bonus in the last 12 months, according to research by Employee Benefits.This figure has remained relatively consistent since we first carried out this research in 2008. That year, 71% received a cash bonus, while 74% did so in 2014.The Salary ...
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Article34% are distracted by financial concerns at work
More than a third (34%) of employee respondents are distracted at work by financial concerns, according to research by MetLife UK.Its UK Employee benefits trends study 2017, which surveyed 301 employees and 600 HR representatives and decision makers in the UK, also found that more than half (54%) of employee ...
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ArticleGovernment invites employer feedback for auto-enrolment review
The Department for Work and Pensions’ (DWP) review of automatic enrolment has called for feedback on the existing and future coverage of automatic enrolment, employee engagement, and contribution levels.The 2017 review of automatic enrolment, which will be led by the DWP and an external advisory group, will seek to ensure ...
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ArticleCan voluntary benefits be offered on a global basis?
Need to know:Benefits providers are able to offer a scheme in multiple global locations, but the benefits will differ from country to country.Organisations should look to have a global strategy but a local approach to offering voluntary benefits.While a specific benefit agenda can be promoted, such as healthcare, the actual ...
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ArticleInfographic: What are the top challenges faced by global organisations?
An infographic showing the top challenges faced by global organisations (Source: Thomsons Online Benefits' Global employee benefits watch 2016/17: driving global benefits transformation, September 2016).Read more in: Can voluntary benefits be offered on a global basis?
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OpinionSarah Henchoz and Paul McCarthy: Local jurisdiction must be considered in a global benefits strategy
It is legally possible for an employer to provide a global benefits package, and many employers decide to do so because it is administratively more efficient than offering localvariations and, crucially for a global workforce, ensures parity of treatment across the organisation.A global package is attractive for employers with a ...
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ArticleLouise’s lowdown: Building the business case to support employees with housing costs
In January 2017, the Mayor of London, Sadiq Khan, signed up the whole of the Greater London Authority (GLA) family to the Fifty Thousand Homes pledge. The Fifty Thousand Homes campaign aims to double housebuilding in London to at least 50,000 homes a year by the end of the Mayor’s ...
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Supplier article
Generations in the workplace – Generation Z comes of age
by Gethin Nadin, director of ecosystemsThere’s been a lot of debate and research into the different generations currently in the workplace, and how their attitudes to work are shaping and evolving HR. So how do you accommodate the newest generations with very different wants and needs to their predecessors?The phrase ...
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Supplier article
Challenges for employers in 2017
Jonathan Watts-Lay, director at WEALTH at work, discusses the challenges for employers in 2017.Recent data from the ABI shows that in Q1 of this year, 695 people cashed out pension pots worth over £100,000 in full: meaning that they would likely end up paying huge sums in tax. The question ...
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ArticleCourt rules that woman can receive co-habiting partner's workplace pension
The Supreme Court has ruled that an unmarried woman is entitled to receive payments from her co-habiting partner's workplace pension scheme following his death.Denise Brewster, who brought forward the review, had been living with William Leonard McMullan for 10 years in the shared home that they bought together in 2005, ...
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ArticleJewson to increase pay to £7.80 an hour for staff aged over 21
Timber and building materials organisation Jewson is to increase the minimum rate of pay for UK-based staff aged 21-years-old or over to £7.80 an hour.Pre-empting the upcoming increase in the government’s national living wage rate, Jewson will make its pay amendments before the national living wage rises from £7.20 to ...
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Article50% do not understand the role of their employer or trustee in their retirement planning
Half (50%) of respondents do not understand the role and responsibilities of their employer or trustee when it comes to planning for their retirement, according to research by LV=.Its survey of 1,004 UK adults aged 55 or over who have a defined benefit (DB) pension but have not started to ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 2 and 8 February 2017 were: Employer-arranged pension advice can be combined with pensions advice allowanceEXCLUSIVE: Average gender pay gap for benefits professionals is £24,100Government sets out strategy to support older employees to stay in workFinal draft regulations bring further clarity ...