All Article articles – Page 806
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EXCLUSIVE: Ocado launches second sharesave scheme
Ocado has launched its second sharesave scheme, using targeted communications to reach its diverse, mainly weekly-paid, workforce.The online grocery retailer has 22% monthly-paid, office-based staff, and 78% weekly-paid workers, including drivers. Its 2012 sharesave scheme, effective from this month, has achieved a 31% take-up by monthly-paid staff and a 10% ...
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EXCLUSIVE: Standard Life engages staff with GB basketball sponsorship
Standard Life is using its sponsorship of the British men’s, women’s and wheelchair basketball teams as the focus for a staff motivation and engagement programme in the lead-up to the London 2012 Olympic and Paralympic games.Laura Laidlaw, sponsorship manager at Standard Life, said: “We felt it was important to hook ...
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EXCLUSIVE: BNP Paribas focuses on staff wellbeing
BNP Paribas has expanded its focus on employee wellness by appointing an onsite health and wellbeing manager and onsite physiotherapist, and hosting regular health and wellbeing events.This is all part of the bank’s ‘Help yourself to health’ programme, which was rolled out earlier this year.The firm has appointed the manager ...
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HMRC rethink on tax rules for smartphones
Employees could be disadvantaged after HM Revenue and Customs (HMRC) changed its definition of mobile phones for tax purposes to include smartphones and personal digital assistants.Previously, HMRC had said a mobile could be offered as a tax-efficient benefit to staff, but to be classified as such, its primary purpose had ...
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Lifting Nest restrictions may help small pension pots
The removal of restrictions on the national employment savings trust (Nest) could help to reduce the number of small pension pots.Last month, the House of Commons' Work and Pensions Select Committee recommended lifting the contribution cap and the pension transfer ban on the operation of Nest.Darren Philp, director of policy ...
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EXCLUSIVE: Vodafone updates reward website with mobile version
Vodafone Group is to launch a mobile version of its reward website to modernise communication of its sharesave scheme, share incentive plan (Sip) and executive bonus plans to its 10,000 UK employees.Since 2011, staff have received a personalised Reward Talk email giving reminders and links to third-party providers.Bob Costa, head ...
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EXCLUSIVE: Equity Insurance brings in job grading and performance pay
Equity Insurance Group is to introduce a job grading structure aligned with pay and benefits, as well as a pay-for-performance scheme, for its 1,200 UK staff.It has categorised job roles into bands, to which benefits and salary will be aligned, in a bid to achieve greater consistency. It hopes to ...
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Staff pick bikes-for-work for cost savings
More than 80% of respondents to Evans Cycles’ annual Ride2Work survey said joining a bikes-for-work scheme was very appealing in the current economic climate.The survey polled over 300 staff, who have used a bike scheme in the last six months.It found the main reasons for joining a scheme are: to ...
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News analysis: Osborne stirs pension pot
Pensions are one of the most significant employee benefits affected by the Chancellor's Budget Report last month, says Nicola SullivanChancellor George Osborne's Budget Report contained a number of measures affecting benefits, notably pensions.One of the most significant changes was the introduction of a flat-rate, single-tier state pension.Martyn Cross, a director ...
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EXCLUSIVE: Personal Group aligns charity activities with Olympics
Personal Group is to align its staff charity fundraising activities with the London 2012 Olympic and Paralympic Games.The benefits provider will host a team fitness challenge, Wii Olympics and skydiving. All proceeds will go to local charity Willen Hospice.Since it chose the palliative care and support charity in July 2011, ...
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EXCLUSIVE: EB Summit: Staff need 'reality check' on need to save
Key communications to staff about retirement should relate to the expectations employees have about current savings and the most tax-efficient way to invest, according to Frances Corbett, educational development manager at the National Association of Pension Funds (NAPF).Addressing delegates at the Employee Benefits Pensions and Workplace Savings Summit, Corbett said ...
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EXCLUSIVE: EB Summit: Veolia aims to educate all employees about saving
Financial education is needed throughout organisations, from low-paid workers right up to senior executives, according to Mike Sullivan, head of employee benefits and pensions at Veolia Environnement UK.During a panel session at the Employee Benefits Pensions and Workplace Savings Summit 2012, entitled 'Holistic approaches to workplace saving - new era ...
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Workplace Savings News: Mastertrusts in spotlight
The revival of mastertrusts for occupational pension schemes has stirred up old arguments in the run-up to auto-enrolment.Steve Goddard, managing director of Goddard Perry, which runs the Pensions Master Trust, said: "Mastertrusts offer employers lower-cost pension provision while maintaining some control over the scheme, which is lost under a contract-based ...
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TD role for Karen Sharples
TD Direct Investing (Europe) has appointed Karen Sharples reward analyst.Sharples’ previous roles include reward consultant at Bupa; compensation and benefits adviser at Pearson Vue; HR officer at British Vita; personnel administrator at Armacell; and personnel administrator at JD Williams.Read more about career in reward and benefits
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Workplace Savings News: Standard Life launches range of new investments
Standard Life has launched a range of investments for corporate pension members, including auto-enrolment default options.Research by the insurer showed employees find a wide range of investments confusing but want to choose the right level of risk and return and then have it managed by experts. Employers, however, want to ...
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Informa offers three-tiered workplace savings strategy
Media firm Informa has developed a three-tiered workplace savings strategy to cater for its diverse, 3,200-strong UK workforce.The strategy is divided into short-, medium- and long-term savings options.The short-term savings vehicle is a stocks and shares individual savings account (Isa), which will be introduced in April 2012. Informa had planned ...
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Number of staff saving into a pension scheme hits new low
The numbers of workers saving into a pension has fallen to a new low, according to statistics from the Office for National Statistics.The figures show only 48% of workers are saving into a pension, the first time the figure has fallen below 50% since ONS began collecting the information in ...
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Fran Waudby joins Rank Group
Rank Group has appointed Fran Waudby compensation and benefits analyst.Her previous roles in the industry include interim global reward adviser at Tullow Oil; senior European compensation and benefits consultant at AOL; HR systems and process manager at AOL; and HR process analyst at Centrica.Read more about career in reward and ...
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Jane Fenwick moves to Shire Pharmaceuticals
Shire Pharmaceuticals has appointed Jane Fenwick associate director, total rewards.†With almost 12 years experience in the benefits industry, her previous roles include: international reward manager at Marks and Spencer; reward manager, Europe, Asia and US at Cable and Wireless; compensation consultant at GlaxoSmithKline; and HR adviser, compensation and benefits at ...
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Debi O'Donovan: It's time for a raise in share scheme limits
At last month’s Employee Benefits Pensions and Workplace Savings Summit, several employers called for a review on the limits around approved employee share schemes. Hopefully, their appeals will fall on open ears as the government launches an internal review into employee share ownership that will report in the summer and ...