All articles by Debbie Lovewell-Tuck – Page 46
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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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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 ...
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Article
Disclosure of pension charges essential
Full disclosure of pension charges is essential if scheme members are to gain value for money and subsequently refrain from opting out post-auto-enrolment, according to Gregg McClymont, shadow pensions minister.Although annual management charges (AMCs) are published, this is insufficient, he added. “AMCs may comprise less than a third of total ...
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Article
PPF levy could rise by 10%
The Pension Protection Fund (PPF) levy could rise by 10% for 2014/15 unless market conditions change.This is after the levy was held for 2013/14. Speaking at the National Association of Pension Funds’ annual conference, Alan Rubenstein, chief executive of the PPF, said that an increase in levies is necessary if ...
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Article
Debbie Lovewell: Work-life balance is business benefit
Forward-thinking employers have got wise to the fact that flexibility around working hours and location for all staff (not simply parents and carers) can have many benefits for their business.In cases where this change in corporate culture still needs to occur, employers will have to set out a clear strategy ...
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Article
Whitbread removes investment choice
Whitbread removed investment choice from its trust-based defined contribution (DC) pension scheme because of concerns that employees’ lack of understanding was putting them off pensions altogether.Speaking at the National Association of Pension Funds’ conference, Lesley Williams, group pensions director at Whitbread, said: “As trustees, we realised we were being unrealistic ...
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Article
Interview with Jim Cowan, head of benefits at Royal Bank of Scotland
The art of communication is a key ingredient for a successful career in reward and benefits. That is a lesson that has served Jim Cowan, head of benefits at the Royal Bank of Scotland (RBS) Group, well during a career that has spanned more than three decades with RBS, 20 ...
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Article
Debbie Lovewell: Health and wellbeing disclosure
In a similar vein, many investors are now pushing organisations to disclose information on their approach to human capital management, including, for the first time, information on the health and wellbeing of their workforce.Investors’ interest in such disclosure was initially fuelled by a government report, Accounting for people, which was ...
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Case Studies
American Express plays employee engagement card
Case study: Benefits support lifestyle choices at American ExpressThe choice and flexibility available within American Express’ benefits package holds strong appeal for Carrie Brightwell, global learning and development manager at the credit card firm. “The key attraction for me is you can shape your benefits and tailor them to suit ...
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Article
Debbie Lovewell: How much is too much?
Is it possible to offer too many benefits through a flex scheme? Some people will say there is no such thing as having too many perks, but if employees are to fully appreciate and value each one, it is vital they understand exactly what is on offer. This can be ...
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Article
Employee Benefits/Premier Pensions and Workplace Savings Research 2012
Download the full report here.Key findingsAuto-enrolmentRetail Distribution ReviewSchemes on offerAttitudesWorkplace savingsInvestmentSponsor’s commentHear Debi O’ Donovan, editor of Employee Benefits, discuss the results of the research in a webinar, produced by PremierEditor’s commentWith just months to go before the UK’s largest employers must comply with the incoming auto-enrolment pension reforms, many ...
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Employee Benefits Pensions and Workplace Savings Research 2012: Attitudes
Many employers have a long history of taking responsibility for the long-term financial wellbeing of their staff . Twelve years ago, 68% of respondents to the Employee Benefits Pensions strategy research 2000 told us this was the case in their organisation. This figure has remained consistently high over the past ...
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Article
Employee Benefits Pensions and Workplace Savings Research 2012: Auto-enrolment
After many years in the pipeline, the Pensions Act 2008 will finally begin to take effect from October this year. For some organisations, compliance is already a reality, with some having opted to bring their staging date forward to last month. The legislation will introduce compulsory minimum employer and employee ...
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Employee Benefit Pensions and Workplace Savings Research 2012: Key Findings
Our survey, which was carried out in June 2012 among readers of Employee Benefits magazine and users of www.employeebenefits.co.uk, received 206 responsesKEY FINDINGS85% will use their existing pension scheme for implementing the auto-enrolment reforms.75% know how much auto-enrolment will cost, with 32% saying it will increase costs by 1-9%.34% will ...
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Article
Employee Benefits Summit: Fit notes 'do not work'
Over 80% of delegates at the summit said the new system of fit notes does not work in their organisation. Just 7% said this was a great help.Employers are dissatisfied with the system, said David Frost, co-chair of Health at work: an independent review of sickness absence, during a session ...
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Employee Benefits Summit: Badly designed packages 'can cause excessive pay'
Badly designed bonus or reward packages are the most likely cause of 'excessive' executive pay, according to delegates at the Employee Benefits Summit 2012.Half of delegates said this was the case, while 43% said the war for talent was the most likely cause.Speaking in a session entitled 'Winning the high ...
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Employee Benefits Pensions and Workplace Savings Research 2012: Investment
Getting to grips with pensions and investments can be challenging for employees. With global stock markets and many economies in a state of flux, it is hardly surprising that so many pension scheme members select their plan’s default funds because they either do not want to make a decision about ...