All Article articles – Page 841
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EXCLUSIVE: BT rolls out share plan portal internationally
BT is to roll out its employee share plans portal internationally to around 86 countries to further reinforce its corporate identity.Next year, the firm, which launched the online portal in May 2011 for 75,000 UK staff, will roll it out globally to countries including the US, Mexico, France, the Netherlands, ...
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EXCLUSIVE: FirstGroup to use DB and DC plans in 2012 pension reforms
?First Group has agreed a strategy with trade unions to comply with the 2012 pension reforms by using both its defined benefit (DB) scheme and a new trust-based defined contribution (DC) plan.The last tranche of new members will be able to join the transport operator’s DB pension next April. At ...
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Strengths Partnership extends psychometric testing product to US
Strengths Partnership has extended its psychometric testing product to organisations in the United States.The product, which has been available to UK and European organisations, is an online assessment tool that gives account of an individual’s core strengths, how these can be put to better use, and results in feedback that ...
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Three-quarters of employers plan to review reward strategy
Three-quarters (64%) of reward professionals will review or change their strategy in the next 12 months, according to research by Hay Group.The research, Which way now for reward? The continuing evolution of reward in a recession, found that, among those who intend to implement changes, 43% are planning a significant ...
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EXCLUSIVE: New Telefonica role for Tina Clayton
Telefonica has named Tina Clayton director of global compensation.She has been with the organisation since January 2008 as director of global incentives and international mobility.Read more about jobs
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EXCLUSIVE: Ernst & Young changes physiotherapy provision
Since Ernst and Young changed its physiotherapy provision for staff in July, it has had 161 referrals from GPs, 120 of which led to triage sessions.The perk, which is offered through private medical insurance, previously directed staff to recognised physiotherapy centres, but was not managed effectively.After a tender process, the ...
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University of Lincoln staff take part in walking challenge
The majority (81%) of employees at the University of Lincoln that took part in a walking challenge reported an improvement in their overall health and 44% said they had an increased ability to handle stress.The activity, organised in conjunction with Global Corporate Challenge, saw participating employees kitted out with pedometers, ...
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EXCLUSIVE: Ladbrokes bets on Phil Rixon
Ladbrokes has appointed Phil Rixon pensions and benefits manager.Rixon has spent the past 10 years at Xafinity Consulting, where he most recently held the position of pensionsand benefits principal consultant.Rixon said: “With auto-enrolment on the doorstep, it was a huge opportunity to try out my consulting skills in an inhouse ...
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Willis Group introduces flexible benefits scheme
Willis Group has rolled out an online flexible benefits scheme to its 3,600 UK employees.The scheme, which is Willis Group's own flexible benefit product and has been branded Salary Plus for its own staff, includes: pensions salary sacrifice, life assurance, critical illness, dental insurance, bikes for work, Tastecard, and wine ...
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EXCLUSIVE: Enrich Reward introduces flexible benefits product
Enrich Reward has introduced an online flexible benefits product targeted at small and medium-sized enterprises (SMEs).The Encompass product gives access to employee discounts, a pension scheme, group life benefits, income protection and private medical insurance. It also has access to human resources and payroll functions. Employers can tailor it to ...
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EXCLUSIVE: Nomura rolls out flexible benefits scheme
?Nomura has introduced a flexible benefits scheme to improve employee choice and make its benefits package more accessible for its 3,500 UK staff.The scheme, administered by Vebnet, went live on 1 October. Almost half (49%) of the investment bank’s staff have submitted a choice.Marianne Nugent, benefits manager at Nomura, said: ...
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EXCLUSIVE: Equiniti Group harmonises flexible benefits
Equiniti Group has harmonised its flexible benefits offering and reduced benefits costs to staff, four years after the merger of its Equiniti and Xafinity businesses.Both businesses previously offered a flex plan. The election period for its new harmonised plan opens this month, with employees’ selections taking effect from January 2012.Clancy ...
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Towers Watson appoints Jeremy Hill
Towers Watson has appointed Jeremy Hill director of its international consulting group.Hill has 20 years’ experience in the industry, having spent the past nine years as principal, international benefits at Mercer.He is a committee member at the International Employee Benefits Association, having previously served as chairman and secretary.Read more about ...
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News analysis: Easing causes unease
Quantitative easing may be an attempt to stimulate the UK economy, but it does no favours to occupational pension schemes, says Nicola SullivanThe Bank of England’s move to inject £75 billion into the economy through quantitative easing (QE) has a number of implications for occupational pension schemes. It is predicted ...
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EXCLUSIVE: Alison Main joins Wells Fargo
Wells Fargo has appointed Alison Main head of international benefits, responsible for employees across 25 countries.She moves to Wells Fargo from her role as compensation and benefits manager, mergers and acquisitions for Europe, Middle East and Africa (EMEA) at Oracle.Of her Wells Fargo role, she said: “One of the key ...
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Healthcare RM acquires Worcester Physiotherapy Centre
Occupational health provider Healthcare RM has acquired the Worcester Physiotherapy Centre as part of efforts to tackle musculoskeletal problems that lead to absence in the workplace.Of the referrals the provider deals with for employers, 40% relate to musculoskeletal problems.The acquisition will allow employees to have access to treatment that is ...
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EXCLUSIVE: Lend Lease to close DB pension to future accrual
Lend Lease is to close its defined benefit (DB) pension scheme to future accrual in February 2012, when it will switch all 600 members to its trust-based defined contribution (DC) pension scheme.The property and infrastructure firm’s career average revalued earnings (Care) scheme closed to new members in November 2006 and ...
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EXCLUSIVE: TUI Travel’s focus on sickness absence pays off
TUI Travel has achieved up to a threefold return on investment in its occupational health benefits during a 12-month period.The firm committed to spend over £150,000 on tackling sickness absence by maximising its existing provision and adding new benefits when it began integrating its healthcare benefits in October 2010.It appointed ...
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Buyer's guide to critical illness insurance
Key factsWhat is critical illness insurance?Group critical illness insurance pays a tax-free lump sum if an employee is diagnosed with one of a number of stated serious health conditions and subsequently survives for a specified period typically 14 days. Payment is made regardless of how long it takes to recover, ...
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Confessions of a benefits manager: If the face-time fits...
A mystery meeting with the company's president of Europe takes Candid to Italy and a chance to improve her international statusNow I've heard it all. Big Bad Boss wants me to go to Italy to look some bloke in the eye. Eh? It sounds nice, but our Italian office is ...