All Benefits technology articles – Page 108
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Article
Consider cultural impact carefully when integrating IT
Cancer Research UK puts its benefits technology to the fore, but also takes account of the need for paper-based communicationMaking the most of the benefits offered by an employer is very important, and in my case I have joined the pension scheme, enjoyed my holiday, used childcare vouchers, bought a ...
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Article
Being proactive on health
This article is brought to you by our sponsor Norwich Union.Dr Doug Wright, head of Integrated Services at Norwich Union Healthcare, says that employers gain by putting in place an absence management strategy that encourages prevention as well as cure.Insuring against the potential costs of illness and having a contingency ...
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Article
Take-up affected if perks don't suit staff lifestyles
A lack of interest in benefits and a failure to tailor perks to suit individual lifestyles are the two main reasons why employees do not take up the benefits they are offered.Almost a third (27.9%) of HR managers believe staff are failing to utilise their benefits package because they are ...
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Article
Buyer's Guide to Flexible Benefits Administration
Flexible benefits administration systems have undergone a dramatic transformation in the past five years. Once just basic tools to help manage flex options, the newest, shiniest packages now come with a dizzying array of extras, such as online payslips and podcasts.A number of providers of flex administration systems are now ...
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Article
Driving down cost of absence with analysis of sickness data
Westminster City Council sees the battle against sickness absence as a business driver and reaps benefits from managers trained to analyse data and provide support to staffMost people would agree that there is a clear moral and overwhelming business case for employers, whether in the public or private sectors, to ...
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Analysis
Targeted communications can boost benefits take-up
Segmenting employees can help employers target communications in order to boost benefits take up, says Clare BettelleyEmployees are rarely the same. What appeals to one is unlikely to have the same pull for another. Similarly, the way that staff engage with the benefits package offered by their organisation, and respond ...
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Article
Prudential to outsource administration services
Prudential UK is to outsource policy administration and claims activity to Capita, saving the pensions provider £60m by the end of 2010.Under the terms of the 15-year agreement, Capita will also provide customer servicing, new business processing and related IT support to Prudential UK.†It also means that 1,750 UK employees ...
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Article
Hackney Council launches self-service HR system
Hackney Council has added a self-service element to its HR system so that employees can access HR information and services that include online payslips and expenses.Following a pilot, council employees are able to use an email address to access their own details and receive their payslips electronically. This offering is ...
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Article
Pre-Budget report: Consultation launched on benefits-in-kind tax
The government is to launch a consultation on how best to collect tax on benefits in kind and expenses through payroll in November, which would remove the need for a separate end-of-year process.This will include a consultation on removing the £8,500 a year threshold at which most benefits in kind ...
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Article
Rewards management fails to keep pace with business needs
Reward and performance management programmes are failing to keep pace with business needs, according to research from Towers Perrin.The survey found that despite shifts in the business landscape, including globalisation, the emergence of ageing populations, technological advances, and skill and labour shortages, most companies have made minimal changes in the ...
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Article
Benefits Administration - definitions - Third-party provider
A company, outside the employer, which processes, provides or advises on benefits administration on behalf of the employer. The services they provide range from sickness absence management systems to flexible benefits systems.
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Article
Benefits Administration - definitions - Pension modellers
Pension modellers allow employees to calculate the value of their future retirement pension †based on their current pension contributions. Modellers vary in sophistication, but usually take into account age, gender, length of savings, possible investment performance and sometimes state pensions.Pension modellers are especially useful communication tools to demonstrate to employees ...
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Article
Benefits Administration - definitions - Payroll systems
Payroll software that allow employers or payroll providers to process pay information for workforces. Payroll systems is becoming increasingly sophisticated as it has to cope with large amounts of data that changes weekly or monthly – from flexible working hours, leave booked, absence calculations, tax credits, a variety of taxes ...
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Article
Benefits Administration - definitions - Outsourced administration
A third-party administrator does the administration of benefits on behalf of an employer. Outsourcing employee benefit administration, gives human resources more time to concentrate on strategy behind employee reward.In the employee benefits market, pensions administration has been the most popular employee benefit to outsource because it can be cumbersome to ...
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Article
Benefits Administration - definitions - Online holiday booking
Online holiday booking allows employees to access their holiday entitlement records and to request annual leave online. Managers can then approve or reject requests online using the holiday planner software., holiday softwareThis employee holiday planning software enables managers and HR to manage leave electronically and to identify patterns or potential ...
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Article
Benefits Administration - definitions - Online administration
Administering benefits via the internet, where the software is held by a third-party administrator. Employee benefits administration services can include flexible benefits and voluntary benefits.
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Article
Benefits Administration - definitions - Intranet
A network based on TCP/IP protocols (an internet) belonging to an employer, accessible only by employees.An intranet's websites look and act just like websites on the internet, but the firewall surrounding an intranet prevents unauthorised access.The intranet can give employees access to self-service benefit administration software including information on benefits ...
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Article
Benefits Administration - definitions - In-house administration
This is when the benefits are administered by the employer (usually the HR department), rather than outsourced to an external benefit administration company. The employer may use benefit administration and payroll software to help in this task.
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Article
Benefits Administration - definitions - Human resource information system (HRIS)
Software system used by human resource departments to administer all aspects of personnel from sickness absence records and payroll to staff performance and holiday management.Some systems include benefits administration, while others allow employers to plug in stand alone benefit administration software (including flexible benefits and voluntary benefits systems).
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Article
Benefits Administration - definitions - Financial calculators
Financial calculators (see also pension modellers) allow employees to calculate the value of their own benefits, pensions and share options. In the case of pensions and shares the calculators are able to predict the value of the benefit in the future based on varying investment performance. These financial modelling tools ...