Employers fail to update staff about their pensions

Too
few employers keep staff updated about their pension arrangements, according to
the Chartered Institute of Personnel and Development (CIPD).

The
CIPD’s annual pensions survey found that almost nine out of 10 employers tell
staff about pensions during their recruitment and induction process, but less
than half update them on an ongoing basis.

Duncan
Brown, assistant director-general of the CIPD, said failing to communicate
arrangements effectively after recruitment meant the full value of their
rewards package would not be appreciated by staff.

Other
findings reveal that a third of employers ask staff not to talk about their pay
and conditions with co-workers, while a quarter ask staff not to talk about
their pay and conditions with people outside work.

Charles
Cotton, CIPD adviser on reward and employment conditions, commented that
employers’ secrecy about pay could cause problems in the workplace. 

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"It
could lead to ill-founded rumours around the office, leading to
dissatisfaction, falling commitment, high absence rates and low
productivity," he said.

By Michael Millar