All Flexible benefits articles – Page 11
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Case StudiesVirgin Management renews wellbeing focus
Virgin Management is a global organisation that has its fingers in many corporate pies; it manages and supports businesses across the Virgin Group, and is dubbed the family office for the group.On the organisation’s current agenda is the potential challenges and implications of major political events such as the European ...
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ArticleBuyer's guide to flexible benefits technology
The factsWhat is flexible benefits technology?This is a form of technology that enables employers to deliver their flexible benefits scheme to employees. Systems can operate in-house or through cloud-based servers and, as well as providing access to benefits and reward, many include interactive tools to increase employee engagement.What are the ...
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Article29% of baby boomers cite work-life balance as top consideration when looking to move jobs
More than a quarter (29%) of baby boomer employee respondents view work-life balance as the most important factor when considering a change in job, according to research by Hays.Its Hays UK salary and recruiting trends 2017 report, which surveyed 6,531 employers and 10,055 employees across the UK, also found that ...
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OpinionSusan Ball: What do the changes to salary sacrifice mean for employers?
With publication of the Finance Bill, the final legislation around changes to salary sacrifice is now available, and considerably more pages have been added. Given the volume of additional legislative text, coupled with the short timeframe between publication and the 6 April 2017 effective date, employers face significant practical difficulties ...
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Case StudiesThe benefits offered by Holiday Extras
The workplace benefits on offer at Holiday Extras include:Pension:Group personal pension (GPP) plan, with 3% employee contribution. Employer contributes 3% for the majority of staff and 11% for directors and associate directors. Employees can contribute via salary sacrifice. All employees are eligible after they have passed probation, but must opt ...
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ArticleHays and Plusnet shortlisted for best flexible benefits plan
Hays and Plusnet are among the organisations that have been shortlisted in the best flexible benefits plan category at the Employee Benefits Awards 2017.This award celebrates the most effective use of a flexible benefits strategy within an organisation.The full category shortlist is:Atkins, Your Reward (Entered by Capita Employee Benefits)Hays, You ...
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ArticleEXCLUSIVE: 88% of benefits professionals receive life assurance or death-in-service benefits
EXCLUSIVE: Almost nine in 10 (88%) HR and benefits professional respondents receive life assurance or death-in-service benefits, according to research by Employee Benefits.The Salary survey 2017, which surveyed 249 HR, reward and benefits professionals in December 2016, also found that 75% of respondents' organisations offer private medical insurance (PMI).These benefits ...
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Supplier article
User experience (UX) and employee benefits schemes
by Sophie GaneNo matter how wonderful a product can be, its usability can make or break how much you value it. I had been meaning to read Les Misérables, but honestly the thought of lugging around a book which can double-up as an igloo brick had completely negated any interest ...
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Article85% offer a flexible benefits platform to increase employee engagement
More than three quarters (85%) of employer respondents offer an online flexible benefits platform to increase employee engagement, according to research by Aon Employee Benefits.Its Benefits and trends survey 2016, which surveyed 200 HR, compensation and benefits, reward, finance and pensions professionals, also found that 38% of respondents have an ...
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ArticleHow can employers support the health and wellbeing needs of employees on a lower income?
Need to know:An organisation’s culture can promote healthy lifestyles that do not have to cost staff a lot to maintain.Signposting healthy options and recipe cards in a staff canteen can help employees improve their diet, counteracting productivity slumps due to a lack of nutrients.Health cash plans and virtual GP services ...
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Article38% of financial services employers plan to change their parental leave policies
More than two-thirds (38%) of employer respondents in the financial services industry plan to change their organisation-wide parental leave policies over the next 12 months, according to research by Mercer.Its Global financial services executive compensation snapshot survey, which reviewed the pay practices of 42 global financial services organisations in 14 ...
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Case StudiesHays highlights importance of wellbeing through benefits proposition
Global recruitment firm Hays has taken steps to ensure its benefits proposition is valued by, and appeals to, all employees.Hays operates across 33 countries around the world. In the UK and Ireland, it has over 100 offices and around 3,500 employees. For Rosemary Lemon, group head of reward, it is ...
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Case StudiesCallcredit introduces any-time enrolment to increase engagement with flexible benefits
Data organisation Callcredit Information Group re-launched its flexible benefits package for its 1,000 UK-based staff in May 2015, creating its mobile-optimised benefits brand Benefits for People Like You.The organisation enhanced its package by adding new benefits that included a car salary sacrifice arrangement, bikes-for-work scheme and childcare vouchers. In addition, ...
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OpinionMichael Rose: Build flexible benefits slowly to tie in what employees value
It all starts with the aims of the flexible benefits plan. As an organisation, agree why flexible benefits are being introduced and what success will look like. By definition, providing choice is almost certainly one of the aims. But it does not mean that complete flexibility has to be provided ...
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AnalysisHow to ensure a flexible benefits scheme is truly flexible
Need to know:Online platforms and portals allow employees to access their benefits offering wherever they like for easy access.Any-time enrolment allows employees to adjust their benefits selection to keep pace with lifestyle changes.Trading benefits up or down ensures employees’ selections can be tailored to reflect their individual circumstances.Today’s always-on consumerist ...
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Case StudiesThe benefits offered by Norton Rose Fulbright
The workplace benefits on offer at Norton Rose Fulbright include:PensionGroup personal pension for all employees, with a 1% employer and 1% employee contribution.The employer offers matching contributions up to a 5% employee contribution.The organisation auto-enrolled in 2013, and auto-re-enrolled in November 2016.Group riskGroup income protection, employer paid.Life assurance, employer paid.Healthcare ...
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Case StudiesNorton Rose Fulbright engages employees with reward and benefits platform
In 2016, Norton Rose Fulbright focused its benefits strategy towards creating a proposition that engages all employees.With 1,100 employees and 200 partners in the UK, the law firm committed to review and refresh its benefits each year to make sure they are fit for purpose and that employees are engaging ...
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AnalysisHow are benefits strategies expanding to support employees’ lives outside of the workplace?
Need to know:Issues affecting employees’ lives outside of work can have an impact on their wellbeing and performance in the workplace.Benefits can support staff with everyday concerns through to major life events.A continuous communication strategy will help remind employees that these benefits are available to them at the different times ...
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ArticleGovernment limits tax-efficient salary sacrifice arrangements
Autumn Statement 2016: From April 2017, the government will significantly limit the range of benefits that attract tax and employer national insurance (NI) advantages when offered through a salary sacrifice arrangement.Pensions and pensions advice, childcare, bikes-for-work schemes, and ultra-low emission vehicles (ULEVs) will be exempt from the changes.Arrangements in place ...
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Case StudiesGoodman Masson takes an innovative approach to employee benefits
With an employee base that consists mainly of sales-related roles, Goodman Masson recognises the importance of offering a varied benefits package in order to retain and motivate staff.The financial recruitment organisation has been placing finance professionals in all industry sectors for over 20 years and roles in its 140-strong workforce ...