All articles by Debbie Lovewell-Tuck – Page 45
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Article
Three key drivers for auto-enrolment success
Creating the best environment to make auto-enrolment a success will depend on three key factors, according to Bridget Micklem, head of private pensions policy and analysis at the Department for Work and Pensions (DWP).Firstly, awareness of the importance of auto-enrolment must be maintained in order to maximise engagement with the ...
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Article
Interview with Janine Sparks, reward manager, employee benefits at British Airways
Auto-enrolment and fun are rarely heard in the same sentence. Yet it was laughter that helped Janine Sparks, reward manager, employee benefits at British Airways (BA), deal with the challenges of complying with the pension reforms.She believes in the power of positive thinking, even in challenging situations. “I always try ...
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AnalysisGlobal reward needs local balance
Economic growth and prosperity seem like a distant memory for most reward and benefits professionals, but less so for those with an international remit. While much of the world is still dealing with the economic downturn, international reward and benefits professionals with responsibility for growth regions are having to juggle ...
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AnalysisInternational PMI must follow local rules
IF YOU READ NOTHING ELSE, READ THIS…Local regulations may dictate what an international private medical insurance scheme must cover in some regions.International insurers may not be able to operate in some countries because of licensing rules, so must partner a local provider.The benefits that employees expect or require will vary ...
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Article
Debbie Lovewell: Annuity education required
So talk of annuities can simply compound the problem.With a wide range of annuities now available for those in defined contribution (DC) plans, it is not surprising staff can find the choice overwhelming. That is if they realise they have a choice at all and don’t simply have to buy ...
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Article
Link exec pay to non-financial measures
British companies should link at least half of top executives’ performance-related pay to broad measures of success in order to avoid the risk of business decline, according to a report by the High Pay Centre.Its Paid to perform? report found that firms are failing to link important areas of non-financial ...
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Article
Exec pay increases remain steady
Executive pay rises have started to align with levels for other employees, according to research by Towers Watson.Findings from its Executive pay pulse survey and 2012 UK top executive survey, which gathered data from 150 large listed companies at the end of 2012, found that base pay increases for executives ...
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Article
Debbie Lovewell: Outside activities can be an all-round benefit
But some leading organisations are now taking this a step further and using their benefits packages to encourage employees to adopt environmentally friendly behaviours in their lives away from the workplace.While some might view this as a return to the paternalism of yesteryear, such initiatives have a number of advantages ...
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Video
Adam Sorenson: Questions global reward managers should ask
Adam Sorenson, global practice leader at WorldatWork, chats to Debbie Lovewell, deputy editor of Employee Benefits, about the key questions global reward managers should ask when taking responsibility for a country or region for the first time, how to take company and local culture into account, and how to establish ...
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Article
Awards entry deadline extended
The entry deadline for the Employee Benefits Awards 2013 has been extended to Friday 11 January.The Employee Benefits Awards recognise employers that have made a significant difference to their organisations through the implementation of reward and benefits strategies.There are 23 categories in total, so there is sure to be something ...
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Article
Personal allowance rise impacts auto-enrolment
Autumn Statement 2012: The increase in the personal allowance announced by Chancellor George Osborne could result in fewer low earners being auto-enrolled into workplace pension schemes.This is because the qualifying earnings thresholds for auto-enrolment are linked to pay-as-you-earn (PAYE) thresholds.Zoe Lynch, a partner at pensions law firm Sackers, said: “For ...
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Article
National public sector pay to remain
Autumn Statement 2012: The government has accepted the recommendations of local pay bodies in the public sector that there should be no centrally determined local pay rates or zones.The Prison Service Pay Review Body and NHS Pay Review Body instead recommended making greater use of existing flexibilities when setting pay.In ...
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Article
Schools to link pay to performance
Autumn Statement 2012: The government is to consult on proposals for schools to have the freedom to set pay in line with performance.This will be based on recommendations made in a report by the School Teachers’ Review Body. These are intended to create a pay framework that seeks to raise ...
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Article
Government increases personal allowance
Autumn Statement 2012: The government will increase the personal allowance by an additional £235 as part of its commitment to make the first £10,000 of salary free from income tax.During his presentation of the Autumn Statement, Chancellor George Osborne announced that the personal allowance will rise to £9,440 in April ...
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Article
Debbie Lovewell: Motivating staff boosts business performance
Chief executives in all industry sectors are formulating strategies to steer their organisation onto a strong growth path.The success of these business goals is intrinsically linked with the organisation’s reward strategy, particularly with its approach to employee engagement.The most successful organisations will embrace, manage and obtain value from their workforce’s ...
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AnalysisReward can help unlock business potential
IF YOU READ NOTHING ELSE, READ THIS…The economic climate, global expansion and talent management are key issues for chief executives in 2013.HR departments are instrumental in supporting employees to help deliver their organisation’s business strategy.Employee reward and benefits programmes play a key role in boosting strategic performance.Businesses have been sorely ...
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Case Studies
Nuance Communications' global framework supports growth
The process involved collaboration between its compensation and benefits, and merger and acquisition (M&A) teams.As well as growing organically, the company makes a number of acquisitions each year. Spencer Roach, compensation and benefits manager international at Nuance, says: “It is very acquisitive, very fast-growing. At any given time, I seem ...
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Video
Jane Vivier: Top issues facing reward managers
The needs of the employee audience has changed in the past five years, said Jane Vivier, reward consultant. “It’s about making the benefits we do offer relevant to employees today.”Interviewed at Employee Benefits Live 2012 in September, Vivier also recommended that people taking up a career in benefits find themselves ...
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Case StudiesSantander reshapes reward in quest to be the best
Banks have not had an easy time in recent years. Barely a week has gone by without headlines about shareholder revolts, bailouts or customer complaints. Even those that seem to be weathering the storm relatively well, as Santander UK appears to be doing, face continuing challenges because of the economic ...
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Article
Debbie Lovewell: Auto-enrolment spurs wider financial focus
Barely a day goes by when stories of rising prices and households struggling to make ends meet do not hit the headlines.Just last month, the Home truths study by the National Housing Federation found that the number of working households that are now reliant on housing benefit to pay their ...