1503 results found showing 1 - 20
...ffered by their employers, on top of their basic salary, is increasing. The survey by the Chartered Institute of Payroll Professionals (CIPP), which looked into flexible benefits, also found just how important flexible benefits are to an employee. Survey results show that 85% of respondents rate employee benefits as either very important or important. Diana Bruce, Senior Policy Liaison Officer at the CIPP, said: “With many employees experiencing pay freezes and even pay cuts it is more important than ever that individuals feel they are getting the maximum value from any benefits provided in the workplac...
News | 16 Jan 2012
The Chancellor has introduced some changes to minor benefits that could reduce employment costs or allow employers to be a little more generous towards their employees. The most popular will be the increase of the annual employee party exemption from £75 to £150 per head. For those employers who run events that already cost in excess of £75 per head this will lead to a reduction in the tax charges that are normally picked up on behalf of employees. It shou...
News | 10 Apr 2003
...ope-wide research by Aon Consulting amongst more than 7,500 workers across ten European countries, which showed that almost half of the UK workforce is currently looking for a new job (a figure only exceeded by Ireland). According to the research, the key sources of job satisfaction are retirement, employee benefits and other pension-related issues. Employees in the engineering sector top those actively looking for a new job but, across the board, firms are being faced with the very real prospect of large-scale departures, including senior team members, as recession-beating measures such as salary freezes (whi...
News analysis | 22 Sep 2010
...rstand everything on their payslip, according to research from the Institute of Payroll Professionals (IPP). The IPP highlights the importance of workers reading their payslip every time they are paid to check whether all the information is correct, including National Insurance contributions, tax, employee benefits and pension deductions. For National Payroll Week, taking place from 6–10 September, the IPP is urging employees to speak to their payroll department if they have any questions relating to their payslip. Mr Lindsay Melvin, Chief Executive of the IPP, said: “Organisations are legally required ...
News | 13 Jul 2010
...ly some concessions are being made to generate savings, but it could be argued that taking a pay freeze or turning down a bonus is merely a one-off measure that won't bring down costs over the longer term. They can even be repaid at a later date when the social climate changes. "Tackling other employee benefits, such as the cost of running company vehicles, will invariably do more to help businesses large and small. Fuel is one of the biggest and fastest rising company costs, so it makes sense to think hard about implementing a low C02, fuel efficient car policy across the board for all employees. The cur...
News | 12 Jun 2009
...n supplied so that she could have done her job properly because clearly she was the best candidate for the job or she would not have been employed. If she had told you and you had not employed her that would have been discrimination. The problem is that in a perfect world disclosure should work. Employees should have no fear in disclosing because it would be used for their advantage and employers would also use the information not only for the employees benefit but also for their own. Unfortunately the reality is that in the majority of cases the opposite is usually the case. Somebody with a dis...
Comment | 25 Feb 2011
...surance, critical illness and income protection. Colin Micklewright, Head of Group Income Protection Business Development at Canada Life Group Insurance, said: “Employers traditionally felt obliged to provide group risk benefits because their competitors were." Darren Laverty, a director at employee benefits adviser, Secondsight, said there are many reasons why staff might not appreciate employer-provided group risk, and advocates continuous communication of group risk to staff when they start and throughout their career. He stressed: “It's just a question of making staff understand the real valu...
News | 4 Feb 2009
...s’ claims to be able to change or cancel benefits or practices as they see fit, without employees having any legal remedies. Two clear principles are laid out by the judge in the Small case, which concerned a cash bonus scheme, but which are equally applicable to employee share schemes and other employee benefits.The use of the word “discretionary” by the employer in documentation about the benefit or practice does not decide the issue at all. Rather, a careful evaluation is required to decide whether and if so to what extent the benefit or practice has any contractual effect. In this particular case, t...
Case | 29 Jan 2009
...e, stress and anxiety problems increases absenteeism and has a negative effect on job performance, retention, morale and commitment. Long term sickness absence can have devastating effect on the performance of a business and the health and well-being of the employees. Providing staff with access to employee benefits, such as an EAP, is a particularly effective way of helping to reduce overall staff absence costs and improve efficiency. It means that employees can seek advice at an early stage, before their worries may start to impact on their health and work performance-in simple terms prevention is better tha...
News analysis | 16 Dec 2008
... disproportionate impact against its own needs. The PCP must actually contribute to the pursuit of the legitimate aim. The recent case of Swann v GHL Insurance Services UK Limited explores whether GHL Insurance Services UK (GHL) discriminated against Mrs Swann on the grounds of age because of a new employee benefits package and if so whether the treatment could be objectively justified. The factsThe case is one of direct discrimination only. GHL had experienced a high turnover of staff and was performing less well than similarly placed businesses. Following a merger GHL took the opportunity to provide new term...
Case | 8 May 2008
...ployers are beginning to offer maternity provisions over and above the required minimum. According to the IDS, an independent research organisation providing information and analysis on pay and conditions, companies are increasingly offering generous maternity provisions as part of a package of employee benefits, to attract and retain staff over a long career. Companies such as Ford offer a whole year on full pay, whereas others, like BMW, pay company maternity pay, over the period (39 weeks) as specified in the legislation, but at a higher rate. The National Assembly for Wales offers a pay deal in whi...
News | 23 Jul 2007
...l focus upon smarter working as a significant part of that solution. A fall in the need to travel, and the staggered time of travel, resulting from smarter working will significantly help in solving the problem of traffic congestion and overcrowding of public transport. 22 May will focus upon employee benefits and social impacts of smarter working in terms of improving work–life balance, leisure and family benefits, and the knock-on effects on health and relationships. Various organisations with interests in these aspects will be involved in the day, both nationally and in the host region(s). The empha...
News | 4 Apr 2007
I wonder what benefit Pan Andreas is hoping to get. She was quick to point out that corporate advisers are paid commission. No doubt she will be hoping to get instructions to review employees contract to see what changes can be made to reduce employees benefit. Unless she is hoping to do reviews for no benefit at all to her firm or herself. Is she the recepient of any benefit from her own firm. Are they too generous. Please can I have the opportunity to do so. I promise to be unbiase...
Comment | 15 Jan 2009
More than a third of British workers would be prepared to exchange a salary increase for greater flexible working options according to a YouGov survey for BT Business. The research among UK workers and employers indicated that flexible working policies are a valued employee benefit, with more than 37% of men and 34% of women saying they would be willing to give up part of their next pay rise if they could work from home. The findings also indicate that business owners believe that flexible working policies can positively impact their organisation. Of those polled ...
News | 5 May 2006
...m maintaining fleets of company cars to encouraging employees to buy and maintain their own vehicles by providing a monthly stipend. Leslie Fiering, research vice president at Gartner commented: "Transferring notebook ownership to employees does not eliminate the cost of PCs, but shifts it to employee benefits and indirect user operational costs." She noted that the payback to a company is in removing PC assets from company books. The question is: who will be responsible for ensuring that the computer is both safe and secure? Transferring ownership to employees carries risks especially if the com...
News | 5 Jan 2006
...of equipment or facilities on the work premises used solely to carry out the job and no tax charge will arise. But in certain circumstances, for example where a hearing aid or wheelchair is provided, the employee may use the equipment full time, so that the private use is significant and an employee benefits tax charge could arise. For more information, contact the Inland Revneu enquity line, Tel. 020 7667 4001.
News | 19 Jun 2002
A larger percentage of the workforce are accessing Employee...
News | 3 Feb 2012
Deputy Leader Nick Clegg's plans to introduce a so-called 'John Lewis economy' – giving employees a 'right to request' shares in the company that they work for – raises a number of legal issues, said an employment expert. Catherine Wilson, Employment Partner at law firm, Thomas Eggar, said: “It is clear that if this new ‘right’ is introduced, employers will need to have a formal agr...
News | 18 Jan 2012
The High Court in London has this week been considering whether employees of an insolvent company automatically transfer to the purchaser of their employer's business by an administrator. The Employment Appeals Tribunal (EAT) had decided in February 2011, in the case of OTG v Barke, that employment rights transfer as a result of TUPE (Transfer of Undertaking (Prote...
Case | 19 Oct 2011
A new report, published by RNIB with a foreword by ACAS Chief Executive, John Taylor, has found that keeping a newly disabled person in employment has a cost benefit of two-and-a-half times an employer's investment. The report sets out: the case for employee retention; advice on how to identify the related costs and longer term savings; and recommendations for employers when implementing an employee retention policy. Evidence from 2007 from the Department of Work and Pensions suggests that 92% of people who left work because of their dis...
News | 12 Oct 2011