All articles by Debbie Lovewell-Tuck – Page 61
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Article
Coda launches group Sipp
Coda has launched a group self-invested personal pension (Sipp) in order to offer employees greater investment choice.Previously, staff could choose from a range of 100 fund options available through the financial management firm's group personal pension (GPP) plan. The new Sipp, which is due to launch early this month, offers ...
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Article
Strong pay increases fail to materialise
Pay increases continue to be outstripped by retail price inflation, indicating that strong salary increases predicted earlier in the year have failed to materialise.According to the Voca take home pay index, growth in employees' take home pay eased to 3.6% in April, down slightly from 3.7% the previous month. The ...
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Analysis
Employers are re-examining their eco-friendly stance
A growing awareness of environmental issues is prompting employers to re-examine their eco stance with perks playing a key role, says Debbie LovewellMillions of people around the world are due to come together later this year to watch a series of concerts featuring acts such as Bon Jovi, the Red ...
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Article
BBC head of reward moves to Sony
The BBC's head of reward, Roger Fairhead, has left to take up the role of head of international compensation and benefits at Sony Pictures in June. In his new role, Fairhead will be responsible for all Sony's operations outside the US. In his time at the BBC, Fairhead oversaw the ...
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Article
Aon gives extra holiday to celebrate twentieth anniversary
Aon is to give all employees an extra day's holiday to be taken on their birthday to celebrate its twentieth anniversary.Over 5,000 UK employees will benefit from the perk over the next year in recognition of the date Aon was quoted on the New York Stock Exchange on 24 April ...
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Article
Cambridge Antibody Technology launches flexible benefits
Cambridge Antibody Technology has launched a flexible benefits scheme for its 300 employees.The organisation, which is part of the AstraZeneca group, worked with PIFC Consulting and Staffcare on the plan.Trevor Boulding, HR director, said: "The introduction of flexible benefits fits with our philosophy that people are at the heart of ...
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Article
Product in focus: Bikes-for-work
Apart from being eco-friendly and a healthy source of cardiovascular activity, cycle-to-work schemes also bring tax benefits, says Debbie LovewellArticle in fullBicycle loans, or bikes-for-work schemes, are a government-supported initiative designed to promote greener transport options.They are mostly operated through a salary sacrifice arrangement, whereby employees agree to give up ...
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Analysis
Employer profile: Coda
Coda's recent demerger provided the ideal opportunity to review and update overlapping pensions provision, says Debbie LovewellArticle in fullDealing with a demerger, restructuring pension arrangements and launching a new share plan are large enough tasks on their own. Embarking on all three simultaneously, however, is a huge undertaking, not least ...
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Article
BBC launches cycle-to-work scheme
The BBC is to launch a cycle-to-work scheme after staff expressed a strong interest in receiving the benefit.The scheme, which will be launched as part of the broadcasting company's first phase of flexible benefits, will open for enrolment this month before going live on 1 April.Approximately 20,000 UK staff who ...
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Analysis
Collating data is key to getting a return on total reward
Calculating a return on investment for total reward can be tricky, so collating data is key, says Debbie LovewellWith so many organisations now aspiring to the title 'employer of choice', each is under pressure to differentiate themselves from the competition. Inevitably, this often prompts employers to subscribe to the latest ...
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Article
DHL Express launches flexible benefits
DHL Express has launched a flexible benefits scheme for its 12,500 UK employees in the latest phase of its move to total reward.Employees selected their perks from four benefits streams covering money, health, career and lifestyle options this month. Their choices are due to come into effect in April.Craig Truter, ...
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Case Studies
Employer Profile: Tesco
Retailer Tesco goes from strength to strength. Group benefits manager Mark Roberts explains how the supermarket’s perks encourage staff to take a stake in the business and subscribe to its core values.Related articles on employee benefits at Tesco:Tesco plans homes for staffTesco staff share GBP175 million payoutTesco to offer employees ...
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Article
Ikea staff sell Christmas gift
Employees at Ikea have put a number of company branded-bicycles given to them as Christmas presents up for sale on Ebay.The household retail store gave each of its 9,000 staff a branded folding bicycle as a Christmas gift at the firm’s annual Christmas breakfast. More than 90, however, have since ...
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Case Studies
Employer Profile: McDonald's
Article in fullLove it or hate it, there is no ignoring the McDonald’s brand. Since the foundations for the McDonald’s Corporation were laid in the US in 1948, more than 28,000 restaurants have been opened worldwide, of which at least 1,000 are in the UK.In recent years, however, the fast-food ...
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Article
DHL Express to launch total reward package
DHL Express is to launch a total reward package for its 13,000 employees early next year.The move, which began with the launch of a voluntary benefits scheme in September, will continue with the introduction of total reward statements in January, followed by a flexible benefits scheme in February. Employees' choice ...
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Analysis
Health kick can nurse ailing balance sheets
Employers are often well positioned to school their workers on wellbeing issues, even if it is only by passing on basic information - and this may result in some impressive returns, says Debbie LovewellArticle in fullYet, a high number of the UK population are still failing to do so. Figures ...
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Analysis
The advantages of educating employees around pension schemes
Educating scheme members about an organisation's pension schemes can boost take up and help to offset any potential risk of employer liability, says Debbie Lovewell.If you read nothing else, read this ...Some providers have added financial education services to their group defined contribution (DC) products.Educating members about their DC pension ...
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Article
Staff want to see benefits in ads
More than two-thirds (67%) of employees would like it to be compulsory for employers to include†details of their organisation's benefits package in job adverts.This is supported by 42% of senior managers who believe their company should do so, according to research carried out by Axa.Nearly three-quarters of employers (71%) claim ...
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Article
Few job ads mention benefits
Only a quarter of job adverts communicate details about an organisation’s benefits package, according to a survey of 1,000 recruitment ads by Watson Wyatt.The research also showed that just 16% mentioned if employees were entitled to pension scheme membership. Of this number, 34% of organisations stated that they offered a ...
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Article
Working parents struggling with work-life balance
A growing number of employers now offer flexible working arrangements, however, the lack of any real legislative power means that many working mothers are still experiencing lesser pay, training and career prospects if they work part-time.According to Combining work and family life:removing the barriers to women's progression. Experience from the ...