All Benefits for carers articles – Page 86
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Article
Penguin launches childcare vouchers
The Penguin Group is to introduce childcare vouchers after the government's new tax break policy prompted a rise in staff demand. The publishing company will implement a scheme in July at the same time that it repeats its summertime flexible hours policy. Susan Taylor, HR director at Penguin, said the ...
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Article
Citigroup launches childcare vouchers
Citigroup has established a childcare voucher scheme hoping to attract 10% of its 11,000 UK workforce.Damien Teisseire, European head of pensions and benefits at the global financial services group, said that he hoped such a perk would be of real value to staff.The voucher scheme was rolled out in April ...
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Article
Buyer's guide to childcare vouchers
Recent tax breaks have seen a boom in business for voucher providers, with newly entitled higher income earners scrambling to make use of tax breaks, says Jamin RobertsonArticle in fullChildcare voucher schemes have been the big mover of recent times, as recently introduced tax breaks have had employers queuing up ...
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Article
John Lewis Partnership launches pay sensitive perks
The John Lewis Partnership has launched a home computing scheme and childcare vouchers despite the majority of its staff being low paid. Adam Brooke, manager, benefits strategy at the Partnership, which has over 63,000 staff, admitted that the scheme was a challenge to introduce."Because it's so new for the Partnership, ...
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Opinion
Guest Opinion: Serco Metrolink
When it comes to striking a deal with unions, benefits often take a backseat to pay. Yet perks can prove to be a powerful bargaining tool.At Serco Metrolink, we have a single union agreement and do all of our negotiations through the Transport and General Workers’ Union (T&G). In recent ...
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Article
HSBC expands childcare in nursery deal
The Story HSBC has expanded its family-friendly policies to offer all employees nursery care and childcare vouchers for children up to 16. The high street bank has increased the number of workplace nurseries it provides from 80 to around 170 and is offering all 57,000 employees, including staff at online ...
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Article
Law firm sees 4.5% take childcare vouchers
Dundas & Wilson has seen 4.5% of its 500 staff take up its new childcare voucher scheme, introduced last month. Bill Mitchell, HR director at the Scottish law firm, said: "The vouchers are in line with our policy relating to flexible working. It's a bit of a clich» but we ...
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Article
HR speeds up voucher plans
Benefits bosses are hurriedly introducing childcare voucher schemes to take advantage of tax relief legislation. Employers such as Compass, Barclays, Eli Lilly and Herefordshire Council are all launching or re-launching schemes before April 5 to ensure staff get maximum discounts.June Woodhouse, HR director at Compass, which has just launched a ...
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Article
Compass cooks up perks
Compass has launched a home computing scheme and a tax-free bike plan alongside its salary sacrifice childcare voucher package. The catering company decided to introduce all three benefits at the same time so staff could have one contact point and could see how the sacrifice on the benefits combined would ...
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Article
The cost of childcare for parents continues to soar beyond the rate of inflation
A nursery place for a child under two now costs an average of £141 a week, up from £134 last year. The typical charge for children over two years is £132 a week, a 7.3% rise on £123 last year. For a copy of the Daycare Trust’s annual survey on ...
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Article
Northcliffe Newspapers launches childcare vouchers
Northcliffe Newspapers is launching a childcare scheme to encourage mothers to return to work after maternity leave. The regional newspaper publisher estimates that 300 of its 9,000 employees will buy childcare vouchers through salary sacrifice. Michael French, head of employment affairs, said: "If the scheme makes childcare more helpful and ...
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Opinion
Guest Opinion: The provision of childcare vouchers
The decision to provide employee childcare vouchers would appear to be a no-brainer especially with the government allowing scheme members National Insurance contribution reductions against the cost of childcare provision. Potentially, offering vouchers is an all-round win, because as an employer we can tap into that pool of parents who ...
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Article
Salary sacrifice hampers child voucher progress
A study by childcare provider Sodexho Pass shows that four-out-of-ten employers think the salary sacrificing effects on pensions and life benefits act as an active deterrent to introducing childcare vouchers. The time and effort it takes to set up a scheme is the second most common complaint, with 30% of ...
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Article
Event news - New changes in childcare vouchers
From April 2005, the provision of childcare vouchers will be tax free up to £50 a week. Therefore, the session 'Using childcare vouchers as a tax efficient and highly valued benefit' will be timely for organisations looking to take advantage of this. Employers looking to investigate will be able to ...
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Article
Muller Diaries to milk tax gains
Muller Dairies has successfully introduced a childcare voucher scheme despite having three different payroll systems.It comes as the Chancellor made the announcement in his Pre-Budget Report in December that not only will vouchers be tax-free up to £50 but any administration or management fees dealing with setting up a scheme ...
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Analysis
New tax rules for childcare vouchers
Staff must get childcarers registered as soon as possible or risk losing the tax break, says Jenny KeefeArticle in fullSimple maths suggests that, with the average yearly cost of a full-time nursery place being £7,000, some working parents can struggle to make the sums add up. Yet just one-in-ten employers ...
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Opinion
Guest Opinion: Duncan Brown, CIPD
Duncan Brown, assistant director general of the Chartered Institute of Personnel and Development (CIPD), says that government action is way behind even the most commonplace examples of HR best practiceOn Monday, one of our new parents at the CIPD came to work with bagged eyes and the telltale stain of ...
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Article
Sodexo Pass relaunches childcare vouchers
Sodexo Pass has revamped its childcare voucher package.The Childcarepass service offers add-ons that enable employers to tailor schemes to their own needs. The package is available in either paper or electronic form.