Employee Benefits
The market-leading website for the reward and employee benefits industry in the UK. It supplies the latest news, analysis, compliance issues and research. as well as a vast reference library on employee benefits.
Long Service Awards: what’s the best approach for my business?
Jun 26, 2018 · Payments for 20 years’ service are also worth £300 at the median, although in one organisation this rises to £7,500. Other generous awards include one month’s salary, and four weeks’ paid leave. One organisation gives employees £200 to donate to a charity of their choice. Among the handful of organisations marking 50 years, the typical ...
Buyer's guide to health cash plans - Employee Benefits
Oct 24, 2023 · LaingBuisson’s 2022 Health cover UK market report found that total spending on health cash plans in the UK at the end of 2020 was £411 million. Of this, £146 million was from employer-paid plans. The total benefit paid was £219 million. The average annual price paid per employer-paid plan was £100, and for individuals was £248.
5 Reasons Why You Need ‘Employee of the Month’ Awards
Jan 12, 2023 · 1. Positive Work Culture. ‘ Employee of the Month ‘ is great for creating a positive work culture. Recognition is essential for employee wellbeing and high performance. And both of these factors can significantly impact the success of a business and its people. Positive work culture can also help you attract, hire and retain the best people ...
Royal Mail expands staff wellbeing benefits
Sep 15, 2023 · Royal Mail also offers employees a health cash plan, critical illness insurance and dental care available as an employee-paid flexible benefit, free eye checks, a bikes-for-work scheme, enhanced maternity and paternity leave, and an employee assistance programme. Royal Mail has expanded its wellbeing benefits to provide extended support for its ...
How to build organisational culture around reward and recognition
Jun 3, 2019 · Building an organisational culture around the principles of rewarding and recognising your staff is a straightforward and yet incredibly impactful way to ensure that your organisational culture contributes to your ongoing success. Indeed, if the idea of expressing gratitude and demonstrating thanks to your staff feels at odds with the existing ...
How to structure a total reward strategy - Employee Benefits
Feb 8, 2024 · When creating a total reward strategy, or assessing an existing one, employers can adopt a framework to explore the impacting factors, explains Charles Cotton, senior adviser at the Chartered Institute of Personnel and Development (CIPD). “For example, employers should consider if there is a government change and what might this mean in terms of tax rates, pension regulation, the national ...
The benefits offered by GXO
Oct 27, 2022 · The benefits offered by GXO: Pension. Two defined contribution (DC) pension schemes within GXO, excluding the Clipper acquisition. A group personal pension (GPP) for manager grades with a maximum of 7% employer contribution if the employee pays 5%, and a master trust arrangement for non-manager grades with statutory contribution levels of 8% total including 3% from the employer based on ...
All you need to know about Workplace ISAs - Employee Benefits
Dec 19, 2018 · An often overlooked benefit of Workplace ISAs is as a solution to savings inertia! Get your people into good saving habits and they’re unlikely to stop (a bit like pension auto enrolment). A prize draw or some simple communication on why it’s good to save for life events can help maximise benefit take-up. We’ve seen uptake of over 10%!
Buyer’s guide to employee assistance programmes
Feb 1, 2016 · Employee assistance programmes (EAPs) give employers an opportunity to support staff, particularly during times of financial and emotional stress. Central to an EAP’s operation is a confidential telephone line. This is available around the clock, providing staff with advice and information on a variety of matters, including psychological ...