All Analysis articles – Page 89
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Analysis
International reward: Sponsor's comment: Employees need proper cover
Private medical insurance is a vital requirement for staff working abroad, says Teresa Rogers, international sales and marketing manager, Aviva UK Health.In the UK, we are in the enviable position of being able to access the ‘free at the point of delivery’ health services available from the National Health Service ...
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Analysis
International reward: New world order for staff share schemes
Times are changing for international employee share schemes, the Global Equity Organisation’s executive director, Michael Bendorf, tells Jennifer PatersonChanges are afoot in the international employee share scheme market. The range of employers that offer the benefit is stretching beyond conventional sectors and countries. In addition, new European regulatory guidelines will ...
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Analysis
International reward: The advantages of offshore benefits arrangements
If you read nothing else, read this...Multinational organisations can use offshore employee benefits arrangements to provide perks such as group income protection, death in service, life insurance and pensions.Multinational pooling arrangements, which can be used to provide insurance-based benefits, operate like a profit-share arrangement and can result in savings for ...
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Analysis
International reward: Employers reconsider overseas assignments
If you read nothing else, read this…In the current economic climate, employers are seeking to control relocation costs.Typical relocation packages include benefits such as help in finding accommodation, a cost-of-living allowance, a housing allowance, moving costs, trips home and a relocation allowance.Healthcare cover will also be a priority for employees ...
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Analysis
Workplace litigation on the rise
If you read nothing else, read this... Employees’ appetite for industrial action has increased during the recession, and more claims are expected to be brought against employers when the default retirement age is abolished next year. Awards paid out for successful claims relating to age discrimination are uncapped, and can ...
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Analysis
How to conduct a pay review
If you read nothing else, read this... Pay reviews vary. Some differentiate base salary according to performance measurement, while others provide an across-the-board increase. Pay strategies differ according to business models. For example, organisations with highly volatile business models will often have lower base salaries but bigger incentives. To build ...
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Analysis
Manchester City Football Club sets new goals for HR
When wealthy foreign owners took over Manchester City Football Club, an HR department was created to kick off a new era for its staff, says Nicola SullivanThe excitement is palpable at Manchester City’s Eastlands stadium before one of the most hotly anticipated games of the season - the Manchester derby ...
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Analysis
Build up emotional resilience to tackle workplace stress
If you read nothing else, read this… Emotional resilience is an individual’s ability to cope in times of stress. The workplace can have a big effect on employees’ resilience, particularly work overload, multiple goals, and relationships with managers. Resilience is a skillset, or set of behaviours that can ...
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Analysis
Green benefits rise in popularity
If you read nothing else, read this... Environmental benefits fit into two categories: stand-alone benefits and an alignment with the CSR profile. Green benefits include bikes-for-work schemes, low-emission company cars, telecommuting and online benefits communication. Other strategies include community volunteering, carbon offsetting and ethical pension investment.†Case study: Marriott staff create ...
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Analysis
Employers adopt strategies to de-risk defined benefit pensions
If you read nothing else, read this... When reducing risks linked to final salary plans, employers are extending timeframes to up to 20 years. Organisations can pledge company assets, such as land and property, to under-funded pension schemes for aneventuality such as insolvency. Deficit recovery plans longer than 10 years ...
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Analysis
Company car salary sacrifice: watch the risks
If you read nothing else, read this... Common risks with salary sacrifice company cars are around early leavers, parental leave and long-term illness. Employers should also be aware that, when changing to a salary sacrifice scheme, it must be reflected on the employee's contract. Make it clear to staff that ...
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Analysis
Fleet drivers need clear vision
If you read nothing else, read this... There is no legal requirement for employers to ensure drivers have good eyesight, or wear glasses if needed. From 2011, EU legislation will require commercial vehicle drivers to have their eyes tested every five years. Eye examinations can also check for health conditions ...
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Analysis
Humberside Police arrests sickness absence and tackles budget cuts
An effective sickness absence management strategy is helping Humberside Police to cope with budget cuts, says Jennifer PatersonWith the government’s budget axe coming down on the public sector, benefits will be under strict review over the next year. The biggest challenge for Humberside Police is to come to grips with ...
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Analysis
Is video the best way to communicate flexible benefits?
If your read nothing else, read this... Only use video if it is the best medium for your message and your staff. It typically costs £2,500 to £20,000 to make a video, but it can be done for free or cost as much as £50,000. Most videos used to communicate ...
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Analysis
What should go into the optimum benefits package?
If you read nothing else, read this… Employee benefits packages must be designed to meet the objectives of the organisation. Benefits packages can vary between sectors, but typically reflect the demographics of an organisation. Providing tax-efficient benefits will help maximise people’s take-home pay. Employee communication and engagement ...
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Analysis
Give staff a balanced view of pensions
If you read nothing else, read this... Employers that operate both defined benefit (DB) and defined contribution (DC) pensions may find there is a perception of unfairness in the differing benefits received by staff. For DB schemes, employers can restrict the amount of an employee's salary increase that counts as ...
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Analysis
Fitness facilities aid employee efficiency
If you read nothing else, read this… Workplace fitness practices should reflect the lifestyle and needs of an organisation’s staff. Gym membership can be offered as an onsite facility, as membership at an offsite commercial facility, or a combination of both. The perks can be offered standalone or bundled in ...
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Analysis
2012 Pension Reforms
Download the PDF of the 2012 Pension Reforms supplement†Get into gear now for a new era in workplace pensionsStart getting up to speedSix steps to complianceHow to budget for auto-enrolmentProtection of the Nest
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Analysis
2012 Pension Reforms: Protection of the Nest
If you read nothing else, read this . . .The national employment savings trust (Nest) is a low-cost pension scheme designed for low-to-moderate earners and their employers.Nest will be structured like a trust-based defined contribution scheme, which can be offered as an alternative to other occupational pension arrangements.Nest has a ...
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Analysis
2012 Pension Reforms: How to budget for auto-enrolment
If you read nothing else, read this . . .Auto-enrolment could lead to higher pension and payroll costs for employers, unless they have plans in place now to manage costs.They may choose to operate a two-tier pension scheme by retaining their existing scheme for current members and auto-enrolling new members ...