All Flexible benefits articles – Page 8
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Case StudiesThe Phoenix Group places wellbeing at the centre of benefits strategy
After an acquisition in September 2018 that saw life fund consolidator The Phoenix Group grow from 800 to around 4,300 employees in the UK, the organisation set out to ensure that benefits provisions are clearly aligned, and that there is a strong emphasis on employee wellbeing.Although the acquisition of Standard ...
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Case StudiesThe benefits offered by The Phoenix Group
The benefits offered by The Phoenix Group, excluding Standard Life Assurance:Pension and protectionFor auto-enrolment purposes, The Phoenix Group provides a defined contribution (DC) pension scheme, matching employee contributions up to 5%. From April 2019, employees contribute a minimum of 2% of their base salary and the organisation contributes 5%, in ...
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Case StudiesSiemens changes pension structure ahead of 2019’s auto-enrolment increases
Ahead of the auto-enrolment minimum contribution changes in April 2019, global technology organisation Siemens amended its defined contribution (DC) structure with a view to creating behavioural change.Siemens, which employs 15,000 staff in the UK overall, 11,000 of whom are enrolled in the pension scheme, now offers enhanced matching contributions based ...
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Supplier articleDoes your employee benefits package meet the changing needs of your employees?
The needs of employees are changing all the time. Why? Because macro-environmental factors such as the economy, politics, the law, technology etc. are always changing and while companies need to be aware of these changes from a business perspective, they also need to be aware of how it affects their ...
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Case StudiesSevern Trent Water places strong focus on health and wellbeing of employees
Severn Trent Water has positioned its benefits strategy to place a strong focus on the health, wellbeing and engagement of its 6,500 UK and Ireland-based employees.The organisation launched a virtual GP service in December 2018, available through its health cash plan and its contractual private medical insurance (PMI), in order ...
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Case StudiesThe benefits offered by Severn Trent Water
The benefits offered by Severn Trent Water:Pension, protection and payA defined contribution (DC) pension scheme for all employees, offering 2:1 matching contributions and a maximum 15% employer contribution.Group income protection, available for all staff on an employer-funded basis. This operates on a phased reduction model: once an employee's sick pay ...
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ArticleEXCLUSIVE: Intangible assets are key to demonstrating return-on-investment
Employee Benefits Connect 2019: The way organisations measure return-on-investment (ROI) for employee benefits should take into consideration intangible assets, such as branding, employee goodwill, customer relationships, intellectual property and knowledge sharing, according to Alex Tullett (pictured), director of decision science and consulting at outsourcing and professional services firm Capita HR ...
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ArticleEXCLUSIVE: Siemens reshapes reward for the future of work
Employee Benefits Connect 2019: Siemens has seen a dramatic shift in the way it works, from the rise of competition from smaller organisations and start-ups, to increased globalisation and remote capabilities. To prepare for these changes, the organisation has overhauled its approach to reward and the employee experience.As part of ...
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ArticleMondelez International seeks panel of part-time chocolate tasters
Something for the weekend: Confectionery and biscuit manufacturer Mondelez International is searching for 12 part-time chocolate tasters, and successful candidates will be able to taste and give feedback on an array of chocolate goodies and sweet treats.The international organisation, which owns popular brands such as Cadbury, Milka, Prince and Oreo, ...
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ArticleOnly one day left until Employee Benefits Connect 2019
Employee Benefits Connect 2019, the one-day conference and exhibition for in-house senior HR, benefits and reward professionals, is taking place tomorrow (Wednesday 27 February 2019) at the Park Plaza Westminster Bridge.Delegates will be able to gain insights on and discuss leading trends in benefits and reward, thanks to an extensive ...
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AnalysisShould employers offer staff increased pay flexibility?
Need to know:Employers are catering to increasingly diverse workforces, many of whom want autonomy over their benefits and remuneration.Flexible benefits packages facilitate those employees who want to focus on their finances, while also providing a range of perks to appeal to many demographics.Flexibility when it comes to working hours and ...
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Case StudiesStone Junction offers flexible reward to support employees' work-life balance
Specialist technological PR agency Stone Junction was established in 2016, at which point founder and managing director Richard Stone created a system of clearly defined, personalised objectives for each member of staff. This system allows employees to progress through salary scales and gain promotions by achieving set goals.As a result, ...
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ArticleMuckle Media launches enhanced flexible benefits and unlimited holiday
Creative public relations agency Muckle Media has this week (11 February 2019) launched an enhanced flexible benefits and unlimited holiday package for its Scotland-based employees.The new benefits have been introduced to coincide with Valentine's Day, and as part of the organisation's #LittleThings campaign; this aims to attract and retain the ...
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Supplier articleFive new statistics you should know about employee benefits
It’s always important to stay up-to-date with the latest trends and statistics in HR and employee benefits. After all, understanding what your employees are looking for in their benefits package is key to the success of your offering. Trends and statistics can change quickly due to a huge number of ...
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Supplier articleThe two schemes that could offset the cost of your employee benefits
There are loads of reasons why employee benefits make financial sense for companies. The improved productivity, output, retention and recruitment can save organisations a lot of money.However, in the short-term it’s difficult to quantify these savings. Many companies see the initial figures of what it would cost to implement employee ...
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ArticleEXCLUSIVE: Siemens to discuss future-focused reward at Employee Benefits Connect
EXCLUSIVE: Heike Avramovic, head of reward and policy at global technology organisation Siemens, will share insights on how the organisation has tailored its reward approach to accommodate the future of work at Employee Benefits Connect 2019.The session, titled 'Rethinking rewards for the future of work', will form part of the ...
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Case StudiesMundipharma updates group risk benefits to increase employee choice and flexibility
Pharmaceutical organisation Mundipharma updated its group risk benefits in April 2016, in order to afford its 1,000 employees more flexibility around their coverage while mitigating increasing costs.Mundipharma provides two group risk benefits: group life insurance and group income protection. Both schemes were redesigned when the organisation introduced flexible benefits in ...
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Supplier articleHow to help employees save on commuting with your employee benefits
Helping employees save on their commuting cost will not only boost morale and employee satisfaction but make your organisation a more attractive proposition for potential recruits. After all, if you can help them save on their commute their pay cheque will go further. It’s a win-win for everyone!So, how do ...
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Case StudiesThe benefits offered by Equifax
The benefits offered by Equifax:Pension and group riskDefined contribution, salary sacrifice pension scheme for all employees. From April 2019, those contributing 3% into their pension direct from salary will receive a 5% contribution from Equifax; if employees contribute 4%, Equifax will contribute 6% and if they contribute 5%, it will ...
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Case StudiesAspen Insurance uses online financial education to prepare staff for new financial benefits
Global organisation Aspen Insurance launched an online financial education programme for its 700 UK employees in May 2018, to help equip staff to make relevant financial decisions prior to the implementation of new financial flexible benefits in June 2018.The programme, provided by Nudge, allows employees access to a personalised online ...