All Flexible benefits articles – Page 12
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ArticleAdecco Group moves to monthly flex enrolment to enhance benefits engagement
Employee Benefits Live 2016: Adecco Group UK and Ireland has moved from an annual flexible benefits enrolment window to monthly enrolment.The change, which was introduced this year, aims to increase employee engagement and ensure that the organisation’s benefits package is available to all.The transition to monthly enrolment forms part of ...
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ArticleEXCLUSIVE: BT to consolidate benefits in global online platform
EXCLUSIVE: BT is to bring all of its employee benefits together in one place with the launch of a new online benefits portal.Following BT’s acquisition of EE in January 2016, the organisation has been using three separate benefits platforms. Its introduction of the new platform, provided by Benefex, is aimed ...
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ArticleCurrent government consultations could impact employee benefits strategies
A round-up of current government consultations with a bearing on employee benefits:Tax-efficient benefitsHM Revenue and Customs has launched a consultation to examine the potential impact on employers and employees should the government change the way the benefits code applies when a benefit in kind (BIK) is provided in conjunction with ...
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Article65% expect their employer to provide guidance on benefits
Almost two-thirds (65%) of respondents expect their employer to provide guidance on the employee benefits available to them and how appropriate each benefit is for them and their family, according to research by Capita Employee Benefits.Its Employee insight report 2016-17, which surveyed 3,006 UK employees, also found that 69% of ...
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OpinionPeter Reilly: How can employers build empowerment into their reward policies?
Empowering staff is an understandable objective for organisations operating in today’s knowledge and service economy. Releasing employees’ discretionary effort can lead to higher productivity and better customer service, and one key way of getting greater employee engagement is through giving colleagues more autonomy. This means offering them access to more ...
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Article
6: small tax and leg: Government consultation round-up
Gender pay gap reporting for the public sectorGender pay gap reporting guidelines are already in place for private and voluntary organisations employing more than 250 staff, with initial data due to be captured in 2017. In alignment with these measures, the government has recently concluded consulting on how to implement ...
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ArticleEXCLUSIVE: 36% have not reviewed core benefits in the last two years
Just over a third (36%) of respondents have not reviewed their core benefits offering in the last two years, according to research by Hargreaves Lansdown.Its study of 350 employers also found that only 13% of organisations that provide flexible benefits do not operate salary sacrifice arrangements, or if they do, ...
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ArticleGovernment consults on tax-efficient benefits
HM Revenue and Customs (HMRC) has launched a consultation on limiting the range of benefits that attract relief on tax and national insurance contributions (NICs) when provided as part of a salary sacrifice arrangement or flexible benefits scheme.The consultation seeks to examine the potential impact on employers and staff should ...
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ArticleUK EXCLUSIVE: Arthur J Gallagher acquires Orb Financial Services
UK EXCLUSIVE: Arthur J Gallagher has acquired Surrey-based employee benefits organisation Orb Financial Services.Orb provides employee benefits consultancy and broker services, including group risk and healthcare, flexible benefits, benefit communications, workplace pension schemes, travel and dental protection, as well as key person and partnership protection.The acquisition is aimed at bringing ...
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ArticleEmployee Benefits Live conference streams to address key industry challenges
Workplace equality and diversity, benefits technology, pensions, and health and wellbeing are just some of the dedicated conference streams that will feature at Employee Benefits Live 2016.On day one of the event, on Tuesday 11 October, conference streams include workplace pensions, which will highlight issues such as auto-re-enrolment, and the ...
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ArticleEXCLUSIVE: Royal Mail Group receives 1,200 orders for car salary sacrifice scheme
Royal Mail Group has seen staff place 1,200 orders for cars after launching a salary sacrifice car scheme in March.It launched its My Drive scheme, which employees can take up at any time and is provided by Zenith, in conjunction with the launch of its flexible benefits plan, branded My ...
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ArticleReward Gateway to launch global wellbeing allowance for staff
Reward Gateway is to launch a wellbeing allowance and holiday buy and sell for its 330 staff worldwide.The two new benefits, which will launch in July, will be available to all employees based in six countries worldwide.The wellbeing allowance, called Wellbeing Choice, is a quarterly allowance paid through payroll, which ...
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Article85% of students expect an annual pay rise when they start work
More than four fifths (85%) of students expect an annual pay rise when they join a workforce, according to research by mobile app Debut.The Expectations of Work report, which surveyed 12,000 students in May 2016, also showed that 80% of respondents believe it is now harder to get a job ...
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ArticleCapita sees 200% increase in engagement with health and wellbeing campaign
Capita achieved a 200% increase in employee engagement with its health and wellbeing campaign following a four-week engagement initiative.In November 2015, the organisation launched its Health and Body MOT campaign with the aim of engaging staff with their wellbeing and driving take up of the health screening available to them ...
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Case StudiesThe benefits offered by SAS Software
The workplace benefits offered by SAS Software:PensionDefined contribution (DC) stakeholder plan for all employees as a core benefit.Employer contribution levels are 6.5% for up to two years' service, 10% for over two years.Minimum employee contribution of 2.5%.Employees with more than two years’ service can choose to reduce their employer contribution ...
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Case StudiesSAS Software offers choice and support to staff
For SAS Software, a key component of its benefits philosophy is that it offers its employees choice to enable them to pick benefits that support them throughout their career, while retaining a sense of being a paternalistic employer.Its UK headquarters, situated on a 110-acre estate on the bank of the ...
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ArticleMicrosoft and Nationwide shortlisted for best flexible benefits
JP Morgan, Microsoft and Nationwide Building Society (pictured) have been shortlisted for the Best flexible benefits plan award at the Employee Benefits Awards 2016.This award celebrates the most effective use of a flexible benefits plan within an organisation.The full category shortlist is:Callcredit Information Group, Benefits for people like you (Entered ...
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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AnalysisInfographic: The challenges employers hope their flex schemes will overcome
An infographic looking at the challenges that employers hope their flexible benefits schemes have, or will, overcome (Source: Aon's Employee benefits and trends survey, November 2015).Read more in What is shaping employers' flexible benefits strategies?
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Case StudiesRWE NPower’s flex strategy uses data to help scheme evolve
Energy firm RWE NPower soft-launched its flexible benefits scheme in November 2013 as part of its work on its employee proposition.The organisation was aware that it needed to increase engagement among existing employees and give a more compelling proposition to attract new talent into the business. Reward was part of ...