All Global reward articles – Page 18
-
Article48% rank private medical insurance in their top three most valued benefits
Just under half (48%) of employee respondents rank private medical insurance in their top three most valued benefits, according to research by Ellipse.Its survey of 1,005 employees and 504 decision makers in UK-based small and medium enterprises (SME), also found that 37% of employee respondents place life insurance in their ...
-
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 ...
-
Article68% of employers in south west England offer salary sacrifice pension arrangements
More than two-thirds (68%) of employer respondents in the south west of England enable staff to contribute to their workplace pension via a salary sacrifice arrangement, according to research by Benefiz.Its survey of 50 employers based in the south west of England that employ HR managers or directors, also found ...
-
Supplier article
Generations in the workplace – Generation Z comes of age
by Gethin Nadin, director of ecosystemsThere’s been a lot of debate and research into the different generations currently in the workplace, and how their attitudes to work are shaping and evolving HR. So how do you accommodate the newest generations with very different wants and needs to their predecessors?The phrase ...
-
OpinionSarah Henchoz and Paul McCarthy: Local jurisdiction must be considered in a global benefits strategy
It is legally possible for an employer to provide a global benefits package, and many employers decide to do so because it is administratively more efficient than offering localvariations and, crucially for a global workforce, ensures parity of treatment across the organisation.A global package is attractive for employers with a ...
-
ArticleInfographic: What are the top challenges faced by global organisations?
An infographic showing the top challenges faced by global organisations (Source: Thomsons Online Benefits' Global employee benefits watch 2016/17: driving global benefits transformation, September 2016).Read more in: Can voluntary benefits be offered on a global basis?
-
ArticleCan voluntary benefits be offered on a global basis?
Need to know:Benefits providers are able to offer a scheme in multiple global locations, but the benefits will differ from country to country.Organisations should look to have a global strategy but a local approach to offering voluntary benefits.While a specific benefit agenda can be promoted, such as healthcare, the actual ...
-
ArticleThe Taxback Group launches global health and wellbeing programme
Global tax and finance organisation The Taxback Group has launched a new health and wellbeing programme for staff across its 33 international office locations.The new health and wellbeing initiative, the GroupLife programme, is available to all 1,000 employees across 22 countries. It centres around three key pillars: mind, body and ...
-
Supplier article
CEO announces US$5m fund to ‘make the world a better place to work’
Glenn Elliott, founder and CEO of the employee engagement platform Reward Gateway, has announced the launch of The RG Foundation, a US$5m fund to help pioneering schemes to ‘make the world a better place to work’.The RG Foundation will award grants quarterly to charity, non-profit and community organisations that are ...
-
Supplier article
Employers are overestimating the cost of group life insurance
Small businesses aren’t buying group life insurance. Despite it being the cheapest and simplest workplace benefit to understand, SME employers are veering away from the product because they are overestimating what it costs.In research we conducted in November 2016, we asked employers to estimate the annual cost of providing £100,000 ...
-
Supplier article
Why group income protection is now an employer and employee benefit
Traditionally, group income protection (also known as long-term sick pay insurance) to cover an employee’s salary when they’ve been off work with a long-term condition, was seen as being solely an employee benefit. Now, the product provides just as much value to the employer as it does the employee.Most policies ...
-
Supplier article
Why every Group Income Protection scheme should be reviewed this April
The government is making changes to state disability benefits this April, which will have a significant impact on large numbers of group income protection policies, also known as long-term sick pay.On 6 April 2017, the work related activity component (WRAC) of the employment and support allowance (ESA) is being removed. ...
-
Supplier article
Blue Monday – a great opportunity to kick start your rewards scheme
January 16th is Blue Monday. It has been calculated to be the gloomiest day of the calendar year. This is because the day comes around at the midway point of the coldest, greyest month. It also occurs when the last pay day is a distant memory – so there’s a ...
-
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 ...
-
ArticleRiverbed Technology hires Head
Stuart Head has joined Riverbed Technology as global manager, benefits.Head's previous roles include head of benefits Europe, Middle East and Africa (EMEA) at Nomura, manager of international benefits at CME Group, and employee benefits analyst (interim) EMEA at BNY Mellon.
-
Article44% of staff looking for a new job are unhappy with their benefits package
Almost half (44%) of respondents who are looking to move jobs in the new year are unhappy with their current benefits package, according to research by Canada Life Group Insurance.Its survey of 1,002 full and part-time employees also found that 74% of respondents who are unhappy with their current benefits ...
-
ArticleMercer to acquire Thomsons Online Benefits
Mercer is to acquire global employee benefits and employee engagement software provider Thomsons Online Benefits.The acquisition aims to bring together Mercer's consulting and broking services with Thomsons Online Benefits' employee benefits technology.The terms of the agreement have not been disclosed.Julio Portalatin (pictured), president and chief executive officer at Mercer, said: ...
-
ArticleAxa to introduce global parental leave policy
Insurance organisation Axa is to introduce a global parental leave policy for its 166,000 employees across 64 countries.The policy will enable employees who are the primary parent to take 16 weeks of fully paid leave, and co-parents will receive four weeks of fully paid leave.Where local laws or current benefits ...
-
Supplier article
Reward and recognition – how to love your staff
Harnessing the power of employee recognition is a positive force in employee engagement. Do it right, and you’ll retain your best workers, create good memories, bring your team closer together, and give some life back into the work place. A positive buzz is hard to maintain when real life intervenes, ...
-
OpinionDan Sharman: Taking employee share plans to a global workforce needs careful consideration
As part of a global benefits strategy, international organisations often want to expand their share plans to cover employees who are based overseas. Often, this is crucial to attract and retain key talent internationally and to achieve parity in remuneration packages across the global workforce.However, granting employees equity is a ...