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“I don’t really care about my employeebenefits,” said no employee ever. When it comes to employeebenefits, if your business can offer it, employees want it. That’s the case for any employeebenefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance.
Technology firm Siemens and Stockton-on-Tees Borough Council are among the employers shortlisted for Best pensions strategy at the EmployeeBenefits Awards 2024. A Howden spokesperson said: “We worked really hard with our pensions strategy. View the shortlist For more information and to book your table.
Fashion brand Stella McCartney and law firm Herbert Smith Freehills are among those employers on the shortlist for Best pensions strategy at the EmployeeBenefits Awards 2023. The aim was to instil positive savings habits and educate younger employees about employeebenefits, long-term savings, and financial resilience.
Law firm Herbert Smith Freehills and kitchen furniture business Howdens have been shortlisted for Best pensions communications at the EmployeeBenefits Awards 2023. This award was created to celebrate a successful strategy that boosts employee knowledge and understanding of pensions, and the need to plan for retirement.
Benefits professionals will need to ensure they offer suitable pension investments and teambuilding activities. Pensions investment considerations Benefits professionals will have other issues to consider, including whether pension policies offer investment choices to suit employees of different faiths.
Below are nine of my key take-aways: ¨ Plans Often Change - According to the 2021 Retirement Confidence Survey (RCS) from the EmployeeBenefit Research Institute (EBRI), workers said they plan to retire at a median age of 65 and retirees said they actually did at age 62. Thus, people don’t always end their careers when they plan to.
You’ve got a company pension scheme in place, so what would prompt you to change it? However, there’s a strong reason to do so: your business and employees may be at risk if you don’t take action. Additionally, shifting to a modern digital pension provider is surprisingly straightforward.
Standard Chartered Bank and supermarket chain Lidl GB have been shortlisted for Best voluntary benefits at the EmployeeBenefits Awards 2024. The schemes helped employees learn how to manage their money better and some to save thousands of pounds through the Isa by utilising employer contributions.
Listen: In this episode of the EmployeeBenefits podcast, David Glennon, rewards manager at Trayport, discusses some of the employee wellbeing projects that the software organisation put in place to support staff during the pandemic. The EmployeeBenefits Awards 2022 are now open for entries. At a glance.
Oxfordshire County Council and banking organisation TSB have been shortlisted in the category Best motivation or recognition scheme at the EmployeeBenefits Awards 2024. The benefits and reward schemes we offer play a part in that.” The after-party will feature live music in the venue’s private grounds.
The scheme enhances Accor’s range of existing employeebenefits which includes eye care vouchers, a bikes-for-work scheme, up to 50% discounts in Accor hotels and restaurants, additional holiday, Merlin Entertainment discounts and a pension scheme.
Costa Coffee staff can also access benefits such as discounts on household purchases, bills and entertainment, up to 10% matching on pension contributions, income protection, life assurance, and a cycle-to-work scheme. The post Costa Coffee gives staff third pay rise in 12 months appeared first on EmployeeBenefits.
Staff will continue to receive a pension scheme with up to 14% employer contributions, 20% staff discount , enhanced to 30% for energy efficient products, access to shopping discounts with other retailers and entertainment brands, including essential retailers for grocery shopping, and an employee financial assistance programme.
Employeebenefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employeebenefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.
Employees can also access discounts on household purchases, bills, and entertainment, up to 10% matching on pension contributions, income protection, life assurance, a bikes-for-work scheme and the Costa Financial Support Fund through a partnership with the Retail Trust.
B&Q employees also receive benefits that include a 20% B&Q discount, which rises to 30% for energy efficient products, a pension scheme with up to 14% employer contributions, and access to shopping discounts with a number of other retailers and entertainment brands.
Retailer Wickes and car sales business Auto Trader have been shortlisted in the Best benefits communications – large and small employers categories at the EmployeeBenefits Awards 2023. The EmployeeBenefits Awards, now in its 21st year, recognise those driving excellence through their reward and benefits strategies.
Home improvement retailer Wickes and cosmetics brand L’Oreal have been shortlisted in the category Best public sector benefits at the EmployeeBenefits Awards 2023. Judges were looking at how an overall reward strategy, and not just one specific benefit, supports both an organisation’s HR and business goals.
Deductions could include tax, pensions, or Student Finance Repayments which are explained below. These payments will help build an entitlement to certain benefits including the State Pension and Maternity Allowance in the future. Get to grips with Tax – Income Tax is charged on most types of income including a salary.
The term “employee relations” can be defined as the connections within the workplace, focusing on both the employer-employee relationship, as well as the relationship between all employees. The focus on employee welfare started post-World War II when retirement and pension plans appeared as the biggest forms of employer care.
You can’t abuse or maltreat an employee and then say, ‘Now I want you to put on a big smile and go outside and entertain and charm the passengers.’ The employee’s heart has to be in it to make it sincere and real.” There are no pensions anymore. Loyal employees are laid off just as often as disloyal ones.
Did you know that boosting the amount you contribute to your pension pot throughout your working life could make you nearly £100,000 better off by the time you reach retirement? This got us thinking about the many ways that employeebenefits can save staff serious money over time. You can read more here ).
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