All articles by Zoe Wickens – Page 81
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ArticleIncreasing minimum pension contributions to 12% could boost savings by £95,530
Increasing minimum pension contributions under auto-enrolment from 8% to 12% could result in additional contributions of £10 billion a year in the UK, according to research by Phoenix Group and WPI Economics.The long-term savings and retirement business and economic consultancy’s report Falling behind the curve, which models the cost to ...
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ArticleBNP Paribas Real Estate reports 23% mean hourly ethnicity pay gap
Credit: JeanLucIchard / Shutterstock.comBNP Paribas Real Estate has reported a 23% mean hourly ethnicity pay gap for the 2022/2023 year, in its first combined gender and ethnicity pay gap report.The firm’s mean hourly pay rate for white employees was £30.08, while for other ethnic groups it was £23.18. Its median ...
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ArticleLexmark completes £46 million pension buy-in
Credit: JHVEPhoto / Shutterstock.comPrinter and image product manufacturer Lexmark has completed a £46 million pension buy-in for its UK division's pension scheme.The deal, which was carried out with insurance and financial services Canada Life and pensions administration, investments and employee benefits provider Broadstone, secures the benefits of all 177 plan ...
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OpinionNick Hurley and Annie Green: The impact of dropping the real living wage pledge
Earlier this year, Brewdog announced that due to trading losses and financial instability, it will drop its real living wage pledge from April onwards. While many employers will have suffered similar financial difficulties as a result of the cost-of-living crisis, the business’ decision to pull out of the real living ...
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Article51% of employees want their employer to invest more in sustainability
Half (51%) of employees want to see their employer invest more in sustainability, rising to 61% among younger workers aged 18-34, according to research by employee benefits technology provider Zest.Its survey of 2,000 employees and 500 HR decision makers also found that more than half (53%) of respondents would like ...
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ArticleMichelin guarantees global living wage and enhances parental and healthcare benefits
Credit: ricochet64 / Shutterstock.comTyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits.As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin ...
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ArticleHays rolls out wellbeing support for UK and Ireland employees
Recruitment firm Hays has rolled out wellbeing support for more than 2,700 employees across 79 sites in the UK and Ireland employees in order to improve its health and wellbeing strategy.Employees can now access 24/7 immediate integrated medical, mental health and personal safety support from a team of professionals via ...
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Case StudiesFutureheads supports financial wellbeing with targeted benefits
Digital and technology recruiter Futureheads provides employees with a range of benefits and guidance to help them through any financial pressures.Prior to the cost-of-living crisis, the London-based living wage employer already offered its 30 employees financial-related benefits such as a health cash plan, a season ticket travel loan, a technology ...
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AnalysisFiscal drag: how can employers offset the challenges of a difficult economy?
The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result.Employers should ask employees about their financial pressures to understand how to support them.A salary sacrifice arrangement can support employees who are dealing with the impact of fiscal drag.In his ...
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ArticleCentrica and Prezzo shortlisted for Best flexible benefits plan
Energy supplier Centrica and restaurant chain Prezzo have been shortlisted for Best flexible benefits plan at the Employee Benefits Awards 2024.This category was created to recognise a successful strategy that has effectively delivered a flexible benefits plan. This can include plans that operate within a set enrolment period, as well ...
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ArticleSingapore to roll out flexible work arrangement guidelines
The Singapore government has announced that it will roll out flexible work arrangement (FWA) guidelines for employees as of 1 December.The mandatory guidelines, which were devised by the Tripartite Workgroup, will set out how employees should request for FWAs and use them, and how employers and supervisors should handle requests. ...
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Article40% of women say lack of health support negatively impacts careers
Two-fifths (40%) of women believe their professional career development has been negatively impacted due to a lack of women’s health support in the workplace, according to new research.Healthcare provider Benenden Health surveyed 5,000 female employees and 1,000 business owners for its latest report. When asked how their health challenges had ...
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ArticleQuilvest Capital Partners appoints new global head of human resources
Private equity firm Quilvest Capital Partners has appointed Richard Berke as its new global head of human resources, based in London.In his new role, Berke will be responsible for the firm’s HR department, steering all facets of HR strategy and operations to not only support its growth but also to ...
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ArticleScottish Environment Protection Agency and FTI Consulting shortlisted for Best financial wellbeing strategy – small employer
Scottish Environment Protection Agency and FTI Consulting have been shortlisted for Best financial wellbeing strategy – small employer at the Employee Benefits Awards 2024.The financial wellbeing category recognises the work of employers that have taken a proactive approach to their employees’ financial needs and support their staff to make positive ...
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ArticleGovernment to review fit note system
Prime Minister Rishi Sunak has announced government plans to review the fit note system for people who are not well enough to work.In a speech on 19 May, Sunak said the government will design a new system where people have easy and rapid access to specialised work and health support ...
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ArticleMyerscough College employees accept pay rise
Workers employed by Myerscough College Lancashire have accepted a 6.5% pay rise backdated to 1 January 2024 following ongoing strike action.The employees, who are members of the University and College Union (UCU), will also receive a further 1% rise from Monday 1 July. The deal includes a commitment to award ...
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ArticleBountii searches for Apple Vision Pro VR Headset tester
Something for the weekend: Voucher code website Bountii has begun searching for someone to trial and test the Apple Vision Pro Virtual Reality (VR) Headset before its UK release, and get paid for the privilege.The successful candidate will be paid £60,000 to wear the headset for eight hours a day ...
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ArticleAutoglass and Burger King shortlisted for Best financial wellbeing strategy
Vehicle windscreen repair and replace firm Autoglass and fast food chain Burger King UK Group are among those shortlisted for the Best financial wellbeing strategy category – large employer at the Employee Benefits Awards 2024.The financial wellbeing category, which is sponsored by Wealth at Work, celebrates the work of employers ...
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ArticleThe top 10 most-read articles between 12 - 18 April 2024
The top 10 most-read articles on employeebenefits.co.uk between 12 - 18 April 2024 were: American Express and Unum UK among best employers for health and wellbeingThorntons enhances inclusive family-friendly policies40% of UK staff would choose a job with lower salary but generous benefitsExclusive: National Deaf Children’s Society introduces cancer support ...
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ArticlePublic trust in pensions industry increases fourth year in a row
Public trust in the pensions industry has increased for the fourth year running, according to new research from third-party pensions administrator Trafalgar House.For its annual Trust and confidence index, it surveyed more than 2,000 people aged 18 and above to understand how the British public feel about the pensions industry. ...