All articles by Georgina Fuller – Page 3
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Case Studies
Complementary health perks at Dennis Publishing
Some employees have also opted for additional partner cover at their own cost.The cash plan was launched to run alongside a private medical insurance (PMI) scheme. HR director Alison Hunter says: “When the Health Shield cash plan was introduced, we saw a 30% drop in PMI take-up, but only about ...
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AnalysisHealth cash plans versus private medical insurance
IF YOU READ NOTHING ELSE, READ THIS…Health cash plans can be offered to employees for as little as £1 a week.Private medical insurance (PMI) is usually more expensive than a health cash plan.PMI and health cash plans can be run alongside each other.The health cash plan market has grown phenomenally ...
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Analysis
Valentine's Day can help to launch quirky incentive schemes
If you read nothing else, read this... A new year can be an excellent time to launch an incentive scheme and making it coincide with an event such as Valentine's Day can help capture employees' interest. Experience days and reward vouchers offer staff a tailor-made treat.Quirky incentives need not cost ...
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Case Studies
Case study: Home Group opens door to staff savings through voluntary benefits
About 60% of housing provider Home Group's 4,000-plus employees have signed up to the organisation's Open Door Rewards scheme since it was launched in May 2010.The voluntary benefits programme, provided by Asperity Employee Benefits, enables all staff to access a range of perks online, including discounts and savings at major ...
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Analysis
Building the business case for voluntary benefits
If you read nothing else, read this… Voluntary benefits schemes need to be effectively communicated to all staff. Online portals, mobile apps and team meetings can be good ways to do this. Employers should ensure they prepare a clear business case for the finance director and that the proposed plan ...
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Article
Buyer's guide to total reward statements 2012
Key factsWhat is a total reward statement?This is a document that outlines the full benefits package an employee is entitled to receive, including salary, pension and shares. It can also include less conventional benefits, such as health and wellbeing perks, and workplace training provisions.Where can employers get more information?Employers can ...
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Analysis
Use of technology in healthcare benefits
If you read nothing else, read this...More employers are investing in healthcare technology, such as online wellness programmes, flex platforms and smartphone applications.Online healthcare provision can be offered and accessed 24 hours a day.Web portals and flex platforms make it easier to manage sickness absence, wellness programmes and benefits.Do not ...
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Article
Buyer's guide to electronic vouchers
Key factsWhat are electronic voucher cards?These can be offered to employees as part of an incentive scheme or through salary deduction. The cards can be programmed for use at a specific retailer, multiple retailers, or at a selected group of retailers.Where can employers get more information?The UK Gift Card and ...
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Analysis
Reward and incentive ideas for Christmas
If you read nothing else, read this … Employers are becoming more creative with Christmas incentives. Incentives and gifts offered as part of a festive motivation scheme must appeal to all staff and take account of different beliefs and religions. There is often a clear correlation between incentives and performance, ...
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Case Studies
Case study: Timothy James shuts up shop for Christmas
Timothy James Consulting is one of the few employers in the recruitment industry to shut up shop over Christmas as a special thank-you to its staff.Managing director Christopher O’Connell says: “Shutting the office over Christmas is virtually unheard of in recruitment, so it gives us a strong unique selling point ...
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Analysis
Get ready for pension reforms
If you read nothing else, read this... Employers should consider reviewing their pensions portfolio to ensure they offer the best possible package. For example, is the pension plan run via a salary sacrifice arrangement? Encourage staff to use tax-efficient benefits, such as childcare vouchers and bikes for work. This could ...
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Analysis
Corporate Isas prove popular
If you read nothing else, read this... A corporate Isa may not be as competitive as the high-street version, but offering it through a workplace portal and a payroll-deduction scheme makes it attractive for employees. The ability of a corporate benefits platform to put an Isa into the context of ...
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Article
Pensions auto-enrolment: No mixed messages
If you read nothing else, read this... Be clear on the workforce demographic and tailor communications accordingly. Websites, intranets, email and podcasts can all be effective channels . In some industry sectors face-to-face communication and workshops can be a better option. Overloading staff with information can lead to apathy. Be ...
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Article
Pensions auto-enrolment: Robust processes
If you read nothing else, read this... Employers need to be aware of administrative challenges, such as auto-enrolling staff every three years. Organisations need to develop robust administrative processes, which are regularly reviewed.†Organisations need to develop robust, regularly-reviewed administrative processes in order to keep on top of requirements such as ...
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Article
Pensions auto-enrolment: Factoring in costs
If you read nothing else, read this... Measures, such as salary sacrifice, can help employers reduce costs. Creating a two-tier pension system might be perceived as unfair.†Auto-enrolment could collectively cost employers over £3 billion a year, so employers need to get a look at all options to keep a cap ...
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Case Studies
Case study: Allstate Northern Ireland staff sign up to save with corporate Isa
Technology and business services firm Allstate Northern Ireland has launched a corporate Isa with payroll deductions for its 1,900 employees.The WorkSave Isa, provided by Legal and General, was introduced at the end of November 2010 to tie in with Allstate’s annual bonus scheme in December. Managing director Bro McFerran thought ...
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Article
Pensions auto-enrolment: Addressing the crisis
If you read nothing else, read this... Employees may regard auto-enrolment as just another tax on pay Firms that introduce auto-enrolment early could increase the pension value†Auto-enrolment is meant to spur on some of the seven million British workers who were not saving enough for their retirement, but employers are ...
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Article
Pensions auto-enrolment: Don't be casual about workers' pensions
If you read nothing else, read this… Contributions will be refunded to those who give notice during opt-out periods. Nest has been talking to recruitment firms to develop agency worker plans.Globalisation and the expansion of the European Union has led to increasing numbers of seasonal and casual workers, so how ...
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Article
Buyer's guide to corporate eyecare 2011
KEY FACTSWhat are eyecare benefits?Employers have a legal obligation to fund eye tests and prescription glasses for staff who use VDUs. Employees will either be reimbursed for their costs, or benefits funded through vouchers or health cash plans.Where can employers get more information?Further information on the Health and Safety (Display ...
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Article
Buyer's guide to total reward statements
What is a total reward statement?It is a document that outlines the full benefits package an employee is entitled to receive, including salary, pension and shares. It can highlight less conventional perks, such as health and wellbeing, and training provisions.Where can employers get more information?Employers can contact their existing benefits ...
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