All Analysis articles – Page 92
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Analysis
Employer profile: Vinci Construction UK
Vinci Construction UK has succeeded in unifying benefits for its stable of companies while battling the effects of recession, says Jennifer PatersonWhen the recession touched down and speedily escalated in the latter months of 2008, headlines across the UK proclaimed that the construction industry was one of the worst hit. ...
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Analysis
Pre-paid cards can enhance motivation systems
If you read nothing else, read this...Points-based motivation schemes and pre-paid cards lend themselves well to reward strategies.The use of integrating technology streamlines the process and allows staff to be more involved.Branding cards with the corporate identity and ensuring the reward that they offer matches the needs and values of ...
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Analysis
Flexible benefits: Interview with Stephen Bevan of The Work Foundation
Flex is here to stay, but must remain relevant to employers’ and employees’ needs, The Work Foundation’s managing director Stephen Bevan tells Nicola SullivanIn 20 years’ time, flexible benefits schemes will still be a key feature of the HR landscape, says Stephen Bevan, managing director of The Work Foundation.As part ...
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Analysis
Flexible benefits: Scheme structure can be made to measure
If you read nothing else, read this …The most popular way to structure a flexible benefits scheme is to enable staff to trade benefits up or down depending on the level of cover required. This is offered by 31% of employers, according to the Employee Benefits/Towers Watson Flexible Benefits Research ...
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Analysis
Flexible benefits: Corporate wraps
If you read nothing else, read this . . .Corporate wraps give employees greater flexibility around investment and pension products, allowing them to switch between tax wrappers as their needs change.The financial education within a corporate wrap is regarded as one of its key strengths, empowering employees and engaging them ...
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Analysis
Flexible benefits: Benefits take-up boosted by flex
If you read nothing else, read this . . .When a standalone benefit is subsequently incorporated into flex, take-up usually goes up.Even if the employer makes no real effort to improve participation, having all the benefits in one place and annual communication around renewal is enough to have a positive ...
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Analysis
Flexible benefits: Linking flex with incentive schemes
If you read nothing else, read this …Some employers are linking performance incentives with flexible benefits schemes.This enables them to reward employees with additional points or funds to spend through flex for good performance or hitting targets.Employers can also use such schemes to reward staff at particular times of the ...
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Analysis
Flexible benefits: Profile - BG Group
Oil and gas company BG Group has a far-flung workforce, which presented challenges when implementing a flex scheme, says Tynan BartonImplementing a flexible benefits scheme takes time, money, effort and huge commitment from everyone involved, but it will pay dividends in improving staff retention and engagement.BG Group is a great ...
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Analysis
Flexible benefits: Will flex scheme be a good fit?
If you read nothing else, read this …Employers can identify whether a flexible benefits scheme will be right for their organisation by assessing its financial feasibility and determining whether it fits into their business culture.They should also meet key stakeholders in the business to find out whether they are all ...
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Analysis
How coalition government's measures affect benefits
If you read nothing else, read this...The coalition government has announced a wide range of new measures, policy reviews and consultations, affecting almost every employee benefit, since it came into power in May.One of the biggest changes has been around pensions tax for high earners, with the government looking to ...
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Analysis
Flexible benefits report 2010
Download a PDF of the flexible benefits supplementFlexible benefits: Interview with Steven Bevan of The Work FoundationFlexible benefits: Scheme structure can be made to measureFlexible benefits: Corporate wrapsFlexible benefits: Benefits take-up boosted by flexFlexible benefits: Linking flex with incentive schemesFlexible benefits: Profile - BG GroupFlexible benefits: Will flex scheme be ...
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Analysis
Health numbers keep a check on employees' wellbeing
If you read nothing else, read this....'Numbers' are the data collected via health screening, such as BMI, heart rate, blood pressure and cholesterol levels.Poor health can lead to staff developing serious complaints, such as coronary heart disease, type 2 diabetes and chronic obstructive pulmonary disease.Knowing their numbers can help employees ...
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Analysis
Benefits in Abu Dhabi
If you read nothing else, read this….Abu Dhabi makes up 85% of the total land mass of the United Arab Emirates and 92-95% of its oil and gas reserve.Its state pension programme is a defined benefit scheme, typically funded by government, employee and employer.Local employees have access to free state ...
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Analysis
Calculating the cost of implementing flexible benefits
If you read nothing else, read this….The cost of flexible benefits plans varies according to many factors, such as the size of the organisation, existing benefits structure and the complexity of the plan.Consultancy fees can cost from about £8,000 to £15,000 for a fixed period.Implementation of the system is a ...
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Analysis
National employment savings trust (Nest) update
If you read nothing else, read this....National employment savings trust (Nest) is a low-cost pension scheme designed to help employers meet new legal duties, such as auto-enrolment and compulsory contributions, that will be introduced in October 2012.Employers can either change their existing pensions to comply with the reforms, or use ...
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Analysis
How public sector benefits, pay and pensions are being reviewed
If you read nothing else, read this…The coalition government has taken a tough cost-cutting stance on public sector pay and pensions, commissioning independent reviews in each of these areas.It has also imposed a two-year pay freeze for all public sector staff earning above £21,000 a year. Staff earning less than ...
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Analysis
Pensions Research 2010: Sponsor's comment
Communication is the key to guide staff through a changing pensions landscape, says Simon Fletcher, client relationship director at Johnson FlemingThe pensions landscape continues to evolve, with further changes planned, but not clarified, by the new coalition government. The industry itself is undergoing transformation, with mergers in both the adviser ...
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Analysis
Global bonus schemes
If you read nothing else, read this . . .Views on bonuses can differ from country to country, and region to region, as well as between organisations.Labour markets, costs of living and exchange rates must be considered when setting an international bonus structure.Rewarding individuals for the right behaviour as well ...
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Analysis
Shock tactics to promote pensions
If you read nothing else, read this …Employees often believe that saving for retirement is painful, and so need to be shown that there is more pain involved in not putting money aside.Any pension communications campaign has to be credible, so using famous faces to endorse it should be carefully ...
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Analysis
Health screening for younger staff can head off problems
If you read nothing else, read this …The foundations of coronary heart disease, osteoporosis and many cancers are laid down in the teens and early 20s, depending on diet and other risk factors.Stress-related ill-health and dependency on drink or drugs are putting more employees under the age of 50 at ...