All Global reward articles – Page 20
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Case StudiesCountrywide aligns benefits and reward to help boost growth
Countrywide Group, the UK’s largest property services group, began the task of building a reward function in September 2014, when it drafted in Neil Goodwin, head of reward.He joined on the brink of a group-wide overhaul at the FTSE 250-listed group, which until then had just an operational human resource ...
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OpinionSally Hart: What are the key factors in creating a global benefits strategy?
Consider, first of all, the desired outcome: an effective global benefits strategy provides a framework for benefit plan design in all countries of operation. It will help align practices with shared objectives, and centralising structures may bring about significant efficiencies, reducing administration and cost. The global benefits strategy should be ...
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AnalysisInfographic: What benefits do employees want around the world?
An infographic showing how much of an organisation's reward budget is being allocated to which benefit offering (Source: Willis Towers Watson's Global benefits attitudes survey, January 2016).Read more in: How to construct a market-leading global benefits strategy
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AnalysisHow to construct a market-leading global benefits strategy
Need to know:A global benefits strategy will usually consist of a set of over-riding reward philosophies that are applied differently in different countries.A benefits strategy should be designed with clear objectives in mind, including how it aligns with the employer’s business strategy.Some benefits, such as share plans or fitness initiatives, ...
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Case StudiesWithers reviews global benefits offering
Global benefits is currently a hot topic for law firm Withers, which has opened six new international offices in the past 18 months and hired many new employees.Working with its benefits consultancy, Willis Towers Watson, it has looked at ways in which it can improve its global offering over the ...
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OpinionJill Clucas: How Brexit could affect pension schemes
Funding levels in defined benefit (DB) occupational pension schemes have caused immediate concern, with falling gilt yields increasing deficits significantly. Employers with open DB schemes may consider the Brexit vote the trigger to replace DB accrual with a defined contribution (DC) arrangement for the future.Also important is the financial strength, ...
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ArticleSpark commits to higher pay benchmark for staff
New Zealand-based telecommunications organisation Spark has committed to a higher pay benchmark for staff.Under the organisation's Spark Pay scheme, all non-commission based full-time employees will earn a minimum of $40,000 (£30,729) a year.Commission-based employees will be able to earn an average of $42,000 (£32,266) a year, although take home pay ...
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Supplier article
Reward – key findings from recent think tanks
Earlier in the year, we invited large multinational organisations to our Employee Reward Think Tanks in London, Toronto and New York. These independent informal research exercises were used to gather information on the impact of Global Total Rewards Consolidation on Rewards practice. The format was a roundtable forum seeking individual ...
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Video
Home versus host-based pay in global mobility
The five minute video above, presented by Courtney Ellis-Jones, subject matter expert at The Forum for Expatriate Management, covers: What are the benefits and drawbacks of home and host-based pay in global mobility?What is the major disadvantage to home-based pay with host location tax remittance?What is split pay and where ...
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ArticleWatch Employee Benefits Summer School 2016
Employee Benefits Summer School will return next week (Monday 15-Thursday 17 August 2016).The series of short e-learning tutorials will enable benefits and HR professionals to gain insight on the latest trends in key benefits areas, including health and wellbeing, workplace savings, and global mobility.On Monday 15 August, Beate O’Neil, head ...
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ArticleBriggs becomes chairman at ABI
Andy Briggs has been appointed the next chairman of the Association of British Insurers (ABI). He will take up the role in October.Briggs, who is chief executive officer at Aviva UK Life and chairman at Aviva Global Life, succeeds Paul Evans, group chief executive at Axa UK.Briggs has been deputy ...
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Article43% would feel more valued if offered group income protection or critical illness cover
Just under half (43%) of respondents would feel more valued at work if their employer provider group income protection (GIP) or group critical illness cover, according to research by Canada Life Group Insurance.Its survey of 1,004 full and part-time employees also found that 29% of respondents would be more likely ...
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ArticleUK EXCLUSIVE: Arthur J Gallagher acquires Orb Financial Services
UK EXCLUSIVE: Arthur J Gallagher has acquired Surrey-based employee benefits organisation Orb Financial Services.Orb provides employee benefits consultancy and broker services, including group risk and healthcare, flexible benefits, benefit communications, workplace pension schemes, travel and dental protection, as well as key person and partnership protection.The acquisition is aimed at bringing ...
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Article40% of expats move abroad for better work-life balance
Four in 10 (40%) expatriate respondents cite a better work-life balance as the main driver for moving abroad, according to research by Axa PPP International.The survey of 502 expatriates also found that 83% of respondents are worried about finding a good doctor in their new country of residence.The research also ...
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ArticleHow to determine which group risk benefits best suit an organisation
Need to knowMany employers take a one-size-fits-all approach to group risk benefits, but some offer employees choice through flexible or voluntary benefits schemes.Employers can use data sets such as claims data, absence data and occupational health data to form a health-risk profile, which can then determine which group risk benefits ...
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OpinionKatharine Moxham: No employee should be without group risk protection
In the quest to offer a package that appeals to different generations and sectors of the workforce, there can be a tendency to over-focus on choice and flexibility, when there are some benefits that every member of the workforce needs. Take the case of a young unmarried person who might ...
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ArticleHow to best educate staff about group risk benefits
Need to knowEmployee benefits communication strategies should focus as much on the value of group risk provision as they do on workplace benefits such as pension schemes.A poor grasp of the financial implications of long-term sickness absence among staff has made income protection cover an increasingly important group risk benefit.Employees ...
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ArticleJapanese employer extends spousal benefits to same-sex partners
Japanese organisation Rakuten has extended the benefits available to employees' spouses to same-sex partners.The e-commerce organisation has revised the definition of “marriage” and “spouse” in its internal employment regulations in order to recognise same-sex partners.The organisation, which has a total of 13,000 employees globally, approved the internal employment policy amendments ...
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ArticleEmployee Benefits Live conference streams to address key industry challenges
Workplace equality and diversity, benefits technology, pensions, and health and wellbeing are just some of the dedicated conference streams that will feature at Employee Benefits Live 2016.On day one of the event, on Tuesday 11 October, conference streams include workplace pensions, which will highlight issues such as auto-re-enrolment, and the ...
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ArticleStarbucks enhances pay and benefits package for US staff
International coffee chain Starbucks is increasing pay and enhancing its benefits package for US-based employees, including changes to its healthcare programme and share scheme.Starbucks US is developing a personalised healthcare benefits package with the aim of giving employees greater flexibility and choice to suit their needs and budget.From 18 July ...