All articles by Clare Bettelley – Page 10
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OpinionStephanie Phizackerley: Top tips for managing a global workforce
If you read nothing else, read this…Mobile employees are typically managed by specialist teams.Planning, communications and effective processes are key to successful mobility management.Employers that fail to track global compensation data accurately can face penalties for payroll non-compliance.Employers must be able to place the right staff in the right location, ...
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AnalysisHow to use employee benefits to underpin a global expansion programme
If you read nothing else, read this… Employee benefits can help employers recruit, retain and incentivise staff in new countries.A well-planned strategy is key to a consistent benefits offering across multiple locations. Deciding which benefits to offer global staff can be a challenge.Organisations can use employee benefits to help recruit ...
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Case StudiesGSK improves workstations to tackle musculoskeletal disorders
At most of GlaxoSmithKline’s (GSK) UK sites, illness and injuries caused by musculoskeletal disorders (MSDs) have historically been one of the main causes of sickness absence of more than seven days. Tackling MSDs is, therefore, a longstanding strategic priority because it helps us to maintain a healthy and happy workforce, ...
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AnalysisWhy benefits professionals need to consider corporate social responsibility
If you read nothing else, read this…There is no single definition of corporate social responsibility . The term increasingly relates to how employers take responsibility for their impact on the communities and environment in which they operate, as well as the way they treat their staff.Employers should use their benefits ...
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ArticleChris Curry: What is the effect of the delayed pension charges cap?
For example, the difference between a 0.5% annual management charge (AMC) and a 1% AMC, everything else being equal, can mean a difference of £12,800. This is in terms that can be compared to today’s earnings in the amount paid out in charges over a full working life for a ...
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ArticleGovernment to consult on four tax simplifications
The government is to consult on four tax simplifications in response to the Office for Tax Simplification’s (OTS) review of employee benefits and expenses, according to Chancellor George Osborne’s 2014 Budget.These include abolishing the £8,500 threshold, the voluntary payrolling of benefits, a trivial benefits exemption and a general exemption for ...
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ArticleChristopher Stiles: What is the effect of the delayed pension charges cap?
That is not to say there is anything wrong with the aim, which is to help ensure that the schemes employers are providing for their employees represent value for money, although a cap on charges is a simplistic solution to that problem.Employers do not have a strong commercial motivation to ...
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OpinionHugh Gittins: The legalities of financial education programmes
Firstly, the gradual demise of final salary pensions, at least in the private sector, and their replacement by defined contribution (DC) schemes, means that employees are having to pay more careful attention to how their pensions are invested now that they, rather than their employers, stand to gain or lose ...
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ArticlePete Strudwick: What is the effect of the delayed pension charges cap?
It is important that this complex issue is given the proper consideration, but continued uncertainty creates challenges for employers and continues to knock confidence in pension saving among employees.For larger employers, the delay has less impact. We have about 5,700 employees and our scheme’s charges are already competitive. We negotiated ...
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AnalysisAn overview of the working generations
Source: Talking about my generation: Exploring the benefits engagement challenge, Barclays Corporate and Employer Solutions, September 2013
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Case StudiesEmployees’ skillsets underpin University of Lincoln’s workforce planning strategy
Ian Hodson, reward and benefits manager, says: “Universities are an interesting case because the point of academia is to bring in new thinking or research, which often means we must ensure we have the capacity to allow for new staff.“Also, in an academic context, an employee’s subject area is often ...
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Case StudiesUnilever segments financial education programme
The consumer goods organisation launched a financial education programme to its workforce in 2012 as part of an overhaul of its pension scheme provision.Unilever closed its defined benefit (DB) pension scheme in June 2012 and replaced it with a hybrid career average and defined contribution (DC) scheme , managed by ...
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OpinionJonathan Watts-Lay: Staff need education on investment options
Despite this, news headlines highlighting unfairness in the annuity market for those who are retiring and will buy an annuity now (about 400,000 people a year) are commonplace.Data from Money Advice Service annuity comparison tables at 3 February 2014 suggests that, of employees and pension scheme members who relied on ...
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AnalysisHow to create a multi-generational financial education programme
If you read nothing else, read this…Effective financial education programmes focus on real-life issues, such as indebtedness, rather than employees’ age.Face-to-face support and online modelling tools can help to deliver programme content.Financial stress can affect an employee’s productivity.But ensuring that a programme addresses a workforce’s wider, multi-generational financial needs poses ...
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AnalysisRetirement communication timeline
Source: Regulatory guidance for defined contribution schemes, The Pensions Regulator, November 2013
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Article
Interview with Sharon Tebb, compensation and benefits manager at Withers
“I marched up to KPMG with my CV and a little folder of two-line letters that I’d typed and got an interview,” she says. “It’s quite embarrassing, really; I think they felt sorry for me.”Within 18 months, she was promoted to senior secretary and then to the newly-created role of ...
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Case StudiesWithers ensures it offers staff engaging benefits package
The organisation reported a 7% decline in net profit, down from £24.2 million in 2011/12 to £22.5 million in 2012/13, based on revenue of £117.8 million. Profits per equity partner also fell, from £386,000 to £370,000, over the same period, according to its financial results for 2012/13, published in July ...
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AnalysisWhat does the future hold for group risk benefits?
If you read nothing else, read this…Life assurance is expected to continue to dominate employers’ group risk focus for the next few years as they auto-enrol their workforces.In a new trend, organisations are separating their pension provision and life assurance cover.An ageing workforce does not necessarily mean higher group risk ...
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Case StudiesKaren Harrison, head cashier, values Withers’ employee benefits package
She used the cover for an operation to remove a cyst from her brain which was detected four years ago. “If I’d gone down the NHS route, it would have taken quite a while to get the surgery done, especially having just had a newborn baby, so it was really ...