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Date: 28/08/08 
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Inflation

Retail Prices Index

June 4.6%
May 4.3%
April 4.2%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to May 2008 (exc. bonuses)

Private Sector 3.8%
Public Sector 4.0%


Source:
Office of National Statistics

employee rewards & benefits news

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29-Apr-08 11:15 [Pay and Reward]
Flexible benefits scheme taken up at building firm
Building company Rok has revealed that over a third of its employees have signed up to its flexible benefits scheme.

The firm has reported that over 1,300 of those eligible for the benefits have taken them up, with around 500 members of staff signing up to the holiday trading programme.

Richard Sadler, head of reward at Rok, told Employeebenefits.co.uk that after some initial confusion over the benefits, staff were now taking advantage of them.

"There were quite a lot of misconceptions about the detail of benefits which stopped people from taking them up, so we've made a lot of effort to make sure to put the key messages across without trying to bombard people with information," he said.

Included in the company's flexible programme are health screening, dental cover, critical illness cover and a stakeholder pension scheme amongst other things.

Rok works in the building and maintenance of commercial, retail and social housing building projects.

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Final salary benefit pension schemes are to see a greater fall soon, with a growth in scheme closures to existing members as large employers look to lose their remaining liability, it has been revealed. Find out more>
27-Aug-08 [Europe, Middle East and Africa]
European pension timebomb 'is ticking'
By 2060, there will be only two people of working age for each person over 65, putting huge strains on the EU pension economy, it has emerged. Find out more>
27-Aug-08 [Europe, Middle East and Africa]
Latvian pension reform fails to be passed
A referendum held by the Latvian government has failed in its attempt to raise the national old age pension rate, it was reported. Find out more>

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