All Global reward articles – Page 19
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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 ...
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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. ...
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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 ...
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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 ...
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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.
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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 ...
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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: ...
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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 ...
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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, ...
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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 ...
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Case StudiesCapgemini centralises costs with multinational pooling
Capgemini, which operates in 44 countries around the world, reduced spend on insurance-based employee benefits, such as medical insurance, critical illness insurance and travel accident insurance, by using multinational pooling to combine numerous local contracts into one international set-up.The project, which started at the end of 2013 as the consulting, ...
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ArticleHow can an organisation streamline the costs of a global benefits strategy?
Need to know:Multinational pools and captives can streamline insurance processes and lead to a reduction in benefits spend.Employers can utilise their scale and size to help drive efficiencies in purchasing larger contracts across numerous locations for a discounted price, rather than smaller, individual contracts.A global consultancy or broker will have ...
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ArticleGovernment limits tax-efficient salary sacrifice arrangements
Autumn Statement 2016: From April 2017, the government will significantly limit the range of benefits that attract tax and employer national insurance (NI) advantages when offered through a salary sacrifice arrangement.Pensions and pensions advice, childcare, bikes-for-work schemes, and ultra-low emission vehicles (ULEVs) will be exempt from the changes.Arrangements in place ...
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Article22% see an increase in the use of employee assistance programmes
More than a fifth (22%) of HR manager respondents report an increase in the use of employee assistance programmes (EAPs) by employees, according to research by Lancaster University's The Work Foundation and the UK Employee Assistance Professionals Association (UK EAPA).The evolution of employee assistance: investigating the use, impact and reach ...
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OpinionSally Wilson: Employers should take steps to ensure re-entry to work is sustainable after absences
Given the range of health reasons an employee may take time off for, and the variable fitness requirements for different professions, there is no one-size-fits-all role that an employer should take in workplace rehabilitation. But broadly the employer’s role is to take appropriate steps to support the individual back to ...
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Case StudiesOracle introduces rehabilitation helpline for managers
Supporting the health and wellbeing of its UK employees is important to technology organisation Oracle. To help achieve this, in November 2015, it introduced a vocational rehabilitation helpline, Swift, for managers in collaboration with Unum, alongside its existing portfolio of healthcare and wellbeing benefits.This acts like a triage service, says ...
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ArticleHow to maximise the value of rehabilitation support
Need to knowInsurers are keen to provide rehabilitation support as early as possible because this can reduce absence and improve the outcome for the employee.Robust absence procedures will ensure that cases suitable for rehabilitation are identified as early as possible.Communication is essential to enable early intervention and maximise the value ...
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Case StudiesThe benefits on offer at Goodman Masson
The workplace benefits on offer at Goodman Masson include:PensionStakeholder pension with a 1% employer and 1% employee contribution.Goodman Masson went through auto-enrolment in 2014.Group riskGroup income protection, employer-paid for some employees.Critical illness insurance, employer-paid for some employees.Healthcare and wellbeingPrivate medical insurance, voluntary basis, employee-paid.Eyecare vouchers, employer-paid for all employees.Personal accident ...
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ArticleGlobal employers work to provide same-sex spousal benefits
Japanese e-commerce organisation Rakuten has extended the benefits available to employees’ spouses to same-sex partners, revising the definition of both ‘marriage’ and ‘spouse’ in its internal employment policies.Previously, the policy only recognised a marriage certificate under Japanese law. Although same-sex marriage is not legal in Japan, the global organisation has ...
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Article17% have taken a long-term absence from work
Almost a fifth (17%) of employee respondents have been off work for four weeks or more because of an illness, accident or injury in the last 12 months, according to research by Legal and General.Its Workplace wellbeing report, which surveyed 2,000 full-time employees and 200 managing directors and HR managers, ...