All Article articles – Page 848

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    Hewitt New Bridge Street research: A quarter of FTSE 100 companies have frozen salaries

    2011-09-30T10:52:43Z

    Around a quarter of FTSE 100 companies have frozen salaries, according to research by Hewitt New Bridge Street. Where salaries were increased for 2011, this was typically a modest 3%, broadly in line with inflation and workforce salary increases.The report, FTSE 100 directors’ remuneration 2011, also showed the median value ...

  • Article

    Friends Life research: Female employees' pension contributions fall year on year

    2011-09-30T10:00:58Z

    Female workers in most age groups have seen their pension contributions cut year on year, according to research by Friends Life.The Friends Life workplace savings index revealed that the rolling 12-month average pension contribution for women under 30 decreased by £2 to £128 a month, while women aged 30 to ...

  • Article

    Wayward cow lands advertising job

    2011-09-29T23:00:00Z

    Taking the bull in a china shop approach may land you a top job and propel you to celebrity status.It certainly worked for a wayward cow in Austria which wandered into a branch of Intersport based in Serfaus, one of the country’s skiing hot spots.†Store staff had to used a ...

  • Article

    Employee Benefits Live 2011 brings industry together

    2011-09-29T11:43:48Z

    View video of Employee Benefits Live 2011View Twitter feed: #EBLiveAdd comments, inputs and questions below reportEmployee Benefits Live 2011 brought together all the key players in the benefits and reward industry for two days of networking, attending conference sessions and meeting over 100 leading suppliers.The event opened with a key ...

  • Article

    ABI publishes executive remuneration guidelines

    2011-09-29T10:26:05Z

    The Association of British Insurers (ABI) has published clear guidelines on executive pay.The revised Principles of executive remuneration report, in addition to the new Report on board effectiveness, aim to help organisations better understand the views of institutional investors on effective boardroom performance and executive pay.The revised principles are the ...

  • Article

    Banks urged to cut back on bonuses in the face of economic uncertainty

    2011-09-29T09:56:01Z

    Banks have been told to reduce bonuses and shareholder dividends in the face of worsening economic conditions and the European debt crisis.The Bank of England’s new Financial Policy Committee (FPC) said banks should strengthen their finances by ensuring that discretionary payments reflect any fall in profits.A statement from the FPC ...

  • Article

    Employee Benefits Live: BP engages generation Y

    2011-09-29T09:46:09Z

    The adoption of new technology by generation Y has led many employers, including BP, to update their benefits and hiring programmes, primarily by moving these online.Key traits exhibited by generation Y include: flexibility, a willingness to relocate, a strong desire to achieve, pushiness and ambition.Speaking in a session titled ‘Are ...

  • Article

    Employee Benefits Live: Reward for FTSE 100 executives has almost doubled in five years

    2011-09-28T15:16:20Z

    The remuneration package of FTSE 100 executives has almost doubled in five years which has raised questions over whether reward is matched with company performance.During his session on creating reward packages for high earners at Employee Benefits Live, Stephen Cahill, a member of the Chartered Institute of Personnel and Development ...

  • Article

    Employee Benefits Live: British Airways consolidates healthcare schemes into self-funded plan

    2011-09-28T14:58:00Z

    British Airways (BA) introduced a self-funded health plan in order to create a tailored healthcare benefit for its employees.†Speaking on day two of Employee Benefits Live, Janine Sparks, reward consultant at BA, explained that, following a strategic review, the airline chose to consolidate its previous disparate healthcare schemes into a ...

  • Article

    Employee Benefits Live: Level of pay awards could rise in 2012 but pace will be slow

    2011-09-28T12:43:34Z

    Levels of pay awards could rise in 2012 but the pace will be slow, said Ken Mulkearn, editor of the IDS Pay Report, in his session at Employee Benefits Live 2011.Outlining the latest picture on basic pay awards, Mulkearn showed that 3% has been the single most popular pay rise ...

  • Article

    Employee Benefits Live: Employers should consider the needs of low paid staff

    2011-09-28T11:05:05Z

    Stephen Bevan, director of the Centre for Workforce Effectiveness, at The Work Foundation, sheds light on the needs of low paid staff during the age of austerity.Addressing delegates during his keynote session on the second day of Employee Benefits Live 2011, Bevan said there were 10 million workers in the ...

  • Article

    Employee Benefits Live: Top strategies for controlling pension costs

    2011-09-28T10:09:07Z

    Opting for full systems automation, not having too many investment managers and looking carefully at legal costs are the top three strategies for controlling pensions costs, according to Penny Green, chief executive of Saul Trustee Company and managing director of STC Pensions Management.Speaking in the same panel debate on effective ...

  • Article

    Employee Benefits Live: Ceva Logistics reduces absence following launch of recognition scheme

    2011-09-28T10:07:27Z

    Ceva Logistics has improved sickness absence levels following the introduction of a recognition programme.Speaking at Employee Benefits Live 2011, Nik Butcher, head of reward at Ceva, explained that a staff survey showed that there were low levels of engagement within the organisation and that employees required appreciation from their employer.Ceva ...

  • Article

    Employee Benefits Live: Vodafone focuses on employee engagement

    2011-09-28T10:04:11Z

    Vodafone has increased its focus on employee engagement and communications to enhance employees’ experience of its flexible benefits scheme.Speaking at Employee Benefits Live 2011, Alissa Davis UK reward manager at Vodafone, explained how, following a staff survey in 2011, the telecommunications firm realised there was a lack of understanding and ...

  • Article

    Employee Benefits Live: Benefits managers should know as much as their corporate advisers

    2011-09-27T23:00:00Z

    Benefits managers should ensure they know as much as their corporate advisers do about how to search the market.Speaking in the session ‘How to carry out a benefits review and tender process’, Jane Richards, group HR – remuneration and benefits at The Royal Bank of Scotland Group, drew on her ...

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    Employee Benefits Live: McDonald’s Restaurants and John Lewis Partnership make TRS relevant to diverse employee groups

    2011-09-27T15:48:00Z

    McDonald’s Restaurants and the John Lewis Partnership have been using technology to make their total reward statements (TRS) relevant to their mobile and diverse employee bases.Neal Blackshire, benefits and compensation manager at McDonald’s Restaurants, and Jon C White, manager, leisure activities, leisure benefits at John Lewis Partnership, shared their experiences ...

  • Article

    Employee Benefits Live: Google focuses on emotional wellbeing to make staff healthiest on the planet

    2011-09-27T15:47:38Z

    Emotional wellbeing is the most important part of making Googlers the healthiest employees on the planet.During the opening keynote session of Employee Benefits Live 2011 on 27 September, Oli Husemeyer, Europe, Middle East and Africa (EMEA) lead for ‘Optimize your life’ at Google, said that helping employees build emotional resilience, ...

  • Article

    Employee Benefits Live: Dairy Crest successfully closed final salary scheme to future accrual

    2011-09-27T15:46:41Z

    Dairy Crest closed its defined benefit (DB) scheme to future accrual, a move which saved the firm £700 million in future liabilities.Addressing delegates attending Employee Benefits Live 2011, which kicked off 27 September at the Business Design Centre in Islington, Rob Tansey, group HR director at Dairy Crest, spoke of ...

  • Article

    Debi O'Donovan, editor of Employee Benefits: Plenty to think about as 2012 approaches

    2011-09-26T10:17:00Z

    It has been so long coming that it might be easy to forget just how momentous the removal of the default retirement age will be for the future workplace.As of this month, no employee can be made to retire just because they have turned 65.Already, some employers have had to ...

  • Article

    Cable and Wireless extends new salary agreements and flexible working to staff in Jamaica

    2011-09-26T10:15:11Z

    Lime, Cable and Wireless Communications’ Jamaica business, has signed an agreement with unions which will deliver changes to working conditions, including new salary agreements and the introduction of flexible working.The memorandum of understanding (MOU) agreement, which is the first between the unions and Lime, seeks to create a more efficient ...