All Flexible benefits articles – Page 7
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Case StudiesNatwest Group's benefits agenda reflects its strategy of championing people potential
When Alison Rose was appointed the chief executive of Natwest Group in November 2019, she put forward her purpose-led strategy for the banking group: to champion the potential of people, families and businesses.It is this strategy that has been driving the reward and benefits agenda at the organisation. Sharon Midwinter, ...
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Supplier articleWEBINAR: Shaping the future of UK employee benefits: trends, action and technology
The world of work is changing at an unprecedented pace, impacting how we source our talent, retain, and engage them. Against this ever-changing backdrop, the need to evolve our employee benefits strategies and programmes has become even more important.As we move into the new world of work, companies need to ...
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Supplier articleWhy now is the right time to push your CSR benefits
Amid worries of redundancy and an oncoming recession, it can be easy to assume employees aren’t thinking about corporate social responsibility (CSR). However, along with the rise of TikTok and bread-making, lock down has steadily brought sustainability back to the forefront of public consciousness.With Covid-19 highlighting the best (and, in ...
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Supplier articleBusy Bees Benefits: How to Implement an Employee Benefits Strategy
When your employees are happy at work, they are more engaged, which boosts productivity levels. Not only this, but engaged and motivated employees can also have a positive effect on your recruitment strategy, with “brand ambassadors” doing wonderful things for your company reputation.Offering a relevant employee benefits package can improve ...
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Supplier articleHow to Reward Using Flexible Benefits During COVID-19
While there has been a collective effort across the UK to slow the spread of corona virus, there has also been a national effort to keep the economy going too. Staff everywhere have pulled together to help their business through these difficult times. Staff who have been furloughed have shown ...
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Supplier articleWhat Do Employees Want from Their Workplace Benefit Schemes?
When it comes to choosing an employee benefits package, meeting the needs of your entire workforce can seem like a daunting task. On one hand, you’ll want to implement benefits that improve recruitment efforts, whereas on the other hand you’ll need to implement schemes that reward and engage your current ...
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Supplier articleBusy Bees Benefits: What does the introduction of flexible furlough mean?
HMRC has recently released details of the flexible furlough scheme, which starts in July 2020.The new scheme comes into effect after the 1st July and means that employees can now work for some of the week and be furloughed for the rest.If your business is planning on making use of ...
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Case StudiesThe benefits offered by Ovo Energy
The benefits offered by Ovo Energy:Pensions and protectionDefined contribution (DC) group personal pension (GPP) for all employees with a 5% matched contribution from the employer.Critical illness insurance, available to all employees through a flexible benefits plan.Healthcare and wellbeingPrivate medical insurance is provided to senior leadership on an employer-paid basis. Eligible ...
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Case StudiesOvo Energy targets employee financial wellbeing with benefits strategy
Utilities provider Ovo Energy has experienced a sharp growth trajectory over the 10 years it has been operating, and as such, has created a benefits strategy that can both meet the needs of a fairly young workforce, while also supporting a talent management strategy that focuses on attracting and retaining ...
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ArticlePaycare employees donate £17,000 via charity fundraising benefit
Not-for-profit health cash plan Paycare’s 32 employees have donated £17,171.41 to various charities since the organisation launched its MyGiving benefit in April 2019. Through the MyGiving initiative, the Wolverhampton-based employer provides all staff with £250 to use as a one-off charity donation, or to add to an existing fundraising activity, ...
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Supplier article7 Creative employee benefits to set your organisation apart
When waging the war for talent, unique employee benefits are the ones which will give you the competitive edge in recruitment. When trying to retain good employees amid the job-hopping culture, creative employee benefits are the ones which provide ongoing excitement and recognition to existing employees. A few years ago, ...
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Supplier articleFlex Appeal: What is it, and how does it affect HR?
As it stands, the average commute to work in the UK is 58 minutes. With a total commute time of 116 minutes a day, plus 8 hours at work (including lunch), we’re spending somewhere around 9 hours, 56 minutes per day away from home. When you consider the huge numbers ...
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ArticleEXCLUSIVE: Virgin Atlantic reinvigorates benefits package for 10,000 employees
Employee Benefits Live 2019: International airline Virgin Atlantic has reinvigorated its wellbeing approach and employee benefits package to better reflect and accommodate its growing workforce.Josie Lazenby, senior manager, wellbeing and benefits at Virgin Atlantic, discussed the benefits refreshment journey during the conference programme at Employee Benefits Live 2019 on Tuesday ...
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Case StudiesCGI UK uses share purchase scheme to engage employees
Information technology organisation CGI UK uses an employee share purchase scheme to engage and motivate its 6,000 UK-based employees, creating an organisational culture of ownership and belonging.The share plan has been a facet of the global benefits package since the organisation was founded around 42 years ago, and was introduced ...
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Case StudiesThe benefits offered by CGI UK
The benefits offered by CGI UK:Pensions, pay and group riskA contract-based group personal pension (GPP), defined contribution (DC) scheme is used for auto-enrolment when employees reach two months of service. Minimum contributions are 9%, with at least 3% contributed by employees and 6% provided by CGI UK. This increases depending ...
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ArticleHalf believe benefits are not meeting the needs of multigenerational workforce
Half (50%) of employers do not think their benefits offering is meeting the needs of all generations within their workforce, with 89% believing that they will need to change their package to suit future generations entering the workforce, according to research by Aon.The Benefits and trends survey 2019, which polled ...
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ArticleCrown Agents Bank to implement new benefits platform for 150 employees
Crown Agents Bank (CAB) will implement a new benefits platform in June 2019 for its 150 employees.The platform, provided by Zest Technology, has been designed to offer employees easy and flexible access to both existing and new benefits at times that are relevant to them. The platform will help CAB ...
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Case StudiesRoyal Mail delivers financial wellbeing focus to support employee health
Between March and April 2019, national postal and courier organisation Royal Mail introduced a focus on financial wellbeing to better support its 140,000 staff and mitigate the effects that financial difficulties could have on employees’ overall wellbeing.Ian Dockerill, employee share plans and benefits manager at Royal Mail, explains: “We were ...
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Case StudiesThe benefits offered by Royal Mail
The benefits offered by Royal Mail:Pensions, pay and group riskRoyal Mail's defined benefit (DB) pension scheme was closed to new members in March 2008 and new employees are provided with a defined contribution (DC) pension. The DB arrangement closed to future accrual in March 2018; members of this scheme have ...
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ArticleAspen and Tokio Marine Kiln shortlisted for Best flexible benefits plan
Insurance firms Aspen and Tokio Marine Kiln are among the organisations shortlisted in the Best flexible benefits plan category for the Employee Benefits Awards 2019.This award celebrates the most effective use of a flexible benefits strategy within an organisation working to engage employees and deliver against their wants and needs.The ...