All Article articles – Page 869
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Employee Benefits Awards 2011: Most effective benefits strategy for organisations with fewer than 1,000 staff
WINNERThe City and Guilds of London Institute, Imagine entered by Thomsons Online BenefitsThis entrant offered a creatively branded benefits package via an online portal to support its objectives and business transformation. The strategy also had to address union demands relating to pay at a time when City and Guilds could ...
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Employee Benefits Awards 2011: Most effective benefits strategy for organisations with more than 1,000 staff
WINNERFirst Group, My RewardsIn April 2010, this entrant introduced a secure website for its reward package My Rewards, giving employees a single hub to access benefits. Although the internet is commonly seen as an inappropriate medium to deliver benefits to transport sector employees, First Group chose to challenge this in ...
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Metlife research: Private sector employers consider cutting holiday to reduce benefits costs
A quarter (25%) of private sector employers are considering cutting holiday entitlement for staff in order to reduce the costs of employee benefits, according to research by MetLife.The Metlife 2011 International Employee Benefits Trends Survey, which surveyed 403 small and medium enterprises (SMEs), revealed that 27% of organisations believe they ...
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NAPF elects Mark Hyde Harrison chairman
The National Association of Pension Funds (NAPF) has elected Mark Hyde Harrison its new chairman.He will succeed Lindsay Tomlinson whose two-year term of office ends at the NAPF annual general meeting on 21 October 2011.Hyde Harrison was elected by the NAPF retirement policy and the investment councils, the main bodies ...
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Findel implements fleet risk policy
Findel has implemented a driver risk policy called DriveSecure.The policy was launched as a result of the online retailer seeking to find a solution to manage its duty of care, and corporate and social responsibilities.DriveSecure provides a tailored programme to all fleet drivers which continues through the vehicle life.Roz Byrom, ...
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MetLife research: Employees fail to plan for financial security
Employees are failing to act on fears for financial security by planning for retirement, according to new research by MetLife.Despite the global financial crisis, the MetLife 2011 International Employee Benefits Trends Survey found that many employees across Australia, Brazil, India, the UK and Mexico, under-save, lack retirement planning and irregular ...
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Heineken UK introduces new defined contribution pension scheme
Heineken has introduced a new defined contribution (DC) pension scheme as part of changes to its pension provision for existing and new employees.As part of the changes, the beer and cider firm has also closed its defined benefit (DB) scheme to new employees and stopped future accrual for existing employees.The ...
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Oracle completes roll out of group personal pension plan
Oracle has completed the roll out of its group personal pension (GPP) plan after launching the benefit to the remainder of its UK-based staff.The last group of employees to be to be introduced to the GPP, which replaced 31 pension schemes when it was introduced last year, used to work ...
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CBI and Hays research: Employers are tuned into flexible working
Reward packages of the future will increasingly reflect the needs of employees, according to research conducted by the Confederation of British Industry (CBI) and Hays.Employers are thinking more flexibly about reward but perks will be driven by employee demand more and more.The report Thinking positive: the 21st century employment relationship, ...
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Cheshire West and Chester Council launches salary sacrifice car leasing scheme
Cheshire West and Chester Council has launched a salary sacrifice car leasing scheme for 9,500 employees.The benefit, launched last month, allows staff to choose from 450 environmentally friendly vehicles emitting less than 120g/km of CO2.The council saved time and money by basing the scheme on an existing framework agreement set ...
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Hymans Robertson introduces car leasing scheme
Hymans Robertson has introduced a car leasing scheme as a voluntary benefit for its employees.The scheme, provided by Affinity Vehicle Leasing, offers employees a personal contract hire option, whereby the car is returned at the end of a fixed period, and personal contract purchase, where the car can be purchased ...
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Buyer's guide to financial education
Focus on factsWhat is financial education?The aim of financial education is to teach staff money skills. As well as a thorough grounding in employee benefits, such as how pensions and share plans work, workers are taught how to handle other finances, from tax planning to individual savings accounts (Isas). At ...
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Boss's car swapped for Lego model
Employees cherishing shiny new cars obtained through their employer’s company car scheme will empathize with Legoland California manager Peter Ronchetti, who was stunned to discover that all was not well with his Volvo.The vehicle he had driven into work one morning had turned into Lego through the course of the ...
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Employees push boss' car home
News that ten workers in China pushed their boss’ car home after a drunken team meal brings a whole new meaning to workplace concierge and chauffeur services.This rather unusual team effort, characterised by laughter and singing, took place after boss Zhang Fei realised that he and everyone else had drunk ...
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MNPA increases flexible benefits take up
MNPA has increased take up of its flexible benefits scheme to 95% after adding in a group personal pension (GPP) plan, switching private medical insurance (PMI) providers, and putting all perks onto an online benefits portal.The pensions firm launched the GPP following the closure of its defined benefit (DB) career ...
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WorldatWork research: Most employers offer a car benefit to staff
The majority of organisations (89%) offer some type of car benefit to employees, according to research by WorldatWork among its primarily US-based as well as global members.The Vehicle-Related Benefits Survey 2011 found that, of these organisations, 49% offer a minimum of three fleet benefit programmes to their workforce.The most common ...
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Close Asset Management research: Most employers with a low take up of benefits do not offer financial education
Many employers (92%) that suffer from a low take up of benefits do not offer financial education to staff, according to research by Close Asset ManagementThe research, conducted among 2,000 employers in the UK, found that 83% of organisations that suffer from low uptake have not looked at how to ...
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Close Asset Management research: Employers unaware of RDR
Just a third of employers are aware of the implications of the Retail Distribution Review (RDR) and the planned regulatory changes in response to that, according to research by financial education provider Close Asset Management.Although these changes could impact on their benefits packages and benefits providers, 69% of employers said ...
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ALD Automotive/YouGov research: Financial directors unsure of fleet ownership costs
More than a third of UK financial directors are unsure of how to calculate the total cost of ownership of their business cars, according to new research by ALD Automotive and YouGov.The ALD corporate survey revealed that 35% of financial directors are unsure of how to make this calculation, and ...
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MIB Group introduces a stakeholder pension scheme and offers financial advice
MIB Group is to introduce a new stakeholder pension scheme along with independent financial advice for all 87 employees.The new scheme will replace the construction company’s existing stakeholder pension, which had not been taken up by any staff.The company decided a plan with a fixed-fee arrangement would be in the ...