All Article articles – Page 785

  • Article

    Employee Benefits Summit: Badly designed packages 'can cause excessive pay'

    2012-07-02T08:00:00Z

    Badly designed bonus or reward packages are the most likely cause of 'excessive' executive pay, according to delegates at the Employee Benefits Summit 2012.Half of delegates said this was the case, while 43% said the war for talent was the most likely cause.Speaking in a session entitled 'Winning the high ...

  • Article

    Employee Benefits Summit: Reward 'must shift focus from austerity to growth'

    2012-07-02T08:00:00Z

    The reward balance needs to be shifted from austerity to growth, said Duncan Brown, principal, compensation and talent at Aon Hewitt.During his session, 'Pay management in 2012: Back to the fundamentals' at the Employee Benefits Summit 2012, Brown said: "There is no doubt that the government has overdone the austerity ...

  • Article

    News analysis: Riding out the pension investment storm

    2012-07-02T08:00:00Z

    Volatile markets call for new investment strategies to minimise risk to DC pension default funds and members must be kept informed, says Nicola SullivanMarket volatility caused by the eurozone crisis has made it more important than ever for employers to review the default funds of their defined contribution (DC) pension ...

  • Article

    EXCLUSIVE: D Young and Co. adds benefits using NI savings

    2012-07-02T08:00:00Z

    Law firm D Young and Co. has added a range of perks to its flexible benefits scheme funded by the employer’s national insurance (NI) savings gained from its pensions salary sacrifice arrangement.The new benefits, suggested by the firm’s 180 staff through its annual employee survey, include financial education workshops, an ...

  • Article

    Winners of the Employee Benefits Awards 2012

    2012-07-02T06:53:00Z

    Asda, BT, Kraft Foods and McDonald’s Restaurants were among the winners at the 2012 Employee Benefits Awards.Read details on why our winners won, and which organisations made the runners up lists in our special publication ‘The winners 2012’ (click on the image of the cover).

  • Article

    Interview with Thomas Humphris, head office HR and UK reward director at Informa

    2012-07-01T23:00:00Z

    Q&AWhat attributes do you use in your role?Creativity and enthusiasm. I love injecting enthusiasm into any task. I believe it rubs off on others.Who is your role model?I love [Virgin Group founder and chairman] Sir Richard Branson’s entrepreneurial approach to everything he does. He has established a fantastic brand for ...

  • Article

    Goddard Perry changes master trust charging structure

    2012-07-01T23:00:00Z

    Goddard Perry has changed a range of charging structures for its master trust pension scheme.Its scheme, The Pension Master Trust, now offers a choice of charges, which include a one-time charge of 0.5% and an annual management charge (AMC) of 0.3% with a monthly charge of £1.Steve Goddard, managing director ...

  • Article

    Buyer's guide to corporate Isas

    2012-07-01T23:00:00Z

    Focus on factsWhat are corporate Isas?A corporate individual savings account (Isa) is a corporate version of an Isa that an employer can offer to employees on a collective basis, often through a payroll deduction or direct debit facility.Where can employers get more information?Read more about corporate Isas.Who are some of ...

  • Article

    Confessions of a benefits manager: Network premiere

    2012-07-01T23:00:00Z

    Candid sets up a networking group to share information and avoid using consultants, but an American contact is hard to convinceIf Big Bad Boss asks me what our competitors are doing one more time, I think I am going to scream. It doesn’t matter what industry-specific market data I come ...

  • Article

    Co-operative Group conducts pension review to prepare for auto-enrolment

    2012-07-01T23:00:00Z

    The Co-operative Group has conducted a review of its retirement benefits to ensure it is prepared for its auto-enrolment staging date in January 2013.The group, which has more than 100,000 employees, will enrol its 40,000 employees who do not currently contribute to a workplace pension scheme in a defined contribution ...

  • Article

    B. Braun Medical receives payroll accreditation

    2012-07-01T23:00:00Z

    Healthcare supplier B. Braun Medical has been accredited with the Payroll Quality Partnership (PQP) from the Chartered Institute of Payroll Professionals (CIPP).The PQP recognises employers that apply best practice in the development of their payroll professionals. It was launched in 2007 to provide a standard for performance management in payroll.There ...

  • Article

    Employee Benefits Awards 2012

    2012-07-01T23:00:00Z

    The Employee Benefits Awards celebrates UK employers’ reward and benefits strategies. We would like to congratulate our worthy finalists and winners!Download a PDF of the Employee Benefits Award Winners 2012†(Part 1, Part 2, Part 3 and Part 4)Click on each category below to view winners and finalists.Grand PrixEmployee benefits professional ...

  • Article

    Employee Benefits Awards 2012: Most effective use of total reward statements

    2012-07-01T23:00:00Z

    WINNERTesco, Benefit Reports: Communicating our overall pay and benefits packageThis entrant sent personalised total reward statements to its 277,000 staff to ensure they understood the value of their pay and benefi ts in a tough economic climate. The statements, sent to employees’ home addresses, came with a personal letter from ...

  • Article

    Employee Benefits Awards 2012: Most effective benefits strategy in a public or voluntary sector organisation

    2012-07-01T23:00:00Z

    WINNERYHA (England and Wales), YHA RewardsYHA designed a cost-effective benefits package that was relevant for staff of different ages and life stages. It was launched in conjunction with a three-year cost-saving exercise designed to cut central overhead costs by £1.7 million, so it had to achieve return on investment, and ...

  • Article

    Employee Benefits Awards 2012: Most effective strategy to encourage workplace savings

    2012-07-01T23:00:00Z

    WINNERBT, Planning for retirement, entered by Wealth at WorkBT’s workplace savings strategy aims to ensure employees make informed decisions about their future.The company provides its workforce with a number of savings options, including two sharesave schemes and a share incentive plan. It also provides a defined benefit pension for employees. ...

  • Article

    Employee Benefits Awards 2012: Most effective pensions communications strategy

    2012-07-01T23:00:00Z

    WINNERElectronic Arts, My Future, entered by Thomsons Online BenefitsElectronic Arts’ creative and fun strategy was designed to engage younger employees with pensions.It decided to take action after a review of its pension scheme in April 2011 revealed that 66% of staff had signed up to the scheme, but just 43% ...

  • Article

    Employee Benefits Awards 2012: Most effective pensions change strategy

    2012-07-01T23:00:00Z

    WINNERSvitzer UK, Launch of Corporate Wrap, entered by Hargreaves LansdownThe innovative way in which Svitzer UK consolidated several legacy pension schemes by introducing a corporate wrap with a contract-based defined contribution (DC) scheme made it a clear winner.The corporate wrap, available to the entire workforce, allows employees to manage their ...

  • Article

    Employee Benefits Awards 2012: Most effective all-employee share scheme strategy

    2012-07-01T23:00:00Z

    WINNERAsda Stores, Sharesave, entered by ComputershareIn a tightly-fought category, the judges were impressed by Asda’s decision to remove paper enrolment for its sharesave scheme and rely solely on electronic methods. This was felt to be a particularly brave step given Asda’s workforce demographic and the fact that most employees do ...

  • Article

    Employee Benefits Awards 2012: Most effective absence management and rehabilitation strategy

    2012-07-01T23:00:00Z

    WINNERSerco, Serco Absence Process Review, entered by Jelf Employee BenefitsThis strategy features an online system that records and notifies managers of an employee’s absence on day one.Depending on the triggers for absence, a relevant professional, for example the insurer’s vocational rehabilitation consultant, or an in-house occupational health manager, gets in ...

  • Article

    Employee Benefits Awards 2012: Most effective reward or benefits strategy for staff based outside the UK

    2012-07-01T23:00:00Z

    WINNERAmerican Express, Global Benefits GovernanceThis entrant introduced a new international reward strategy that reduced its total benefits costs and used the dividends from pooling arrangements to fund health and wellness benefits around the world.The Global Benefits Governance programme, which went live in 11 countries across Japan Asia-Pacific and Australia, and ...