All articles by Jennifer Paterson – Page 102
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Article
Government publishes review on employee ownership
The government has published the Nuttall Review on Employee Ownership.Employee ownership is when employees own a significant stake in the organisation they work for, sometimes termed co-owned organisations.The review, which was commissioned by deputy prime minister Nick Clegg in January 2012, summarises existing research literature on the benefits of employee ...
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UK employees received £200 million in free shares in 2011
More than £200 million was given to UK employees in free shares in 2011, according to research by IFS Proshare.The annual IFS Proshare Employee share survey, which polled 451 organisations, found that a total of 378,497 employees received on average £536.37 each in free shares during 2011. This was down ...
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45% of respondents do not expect an above inflation pay rise in 2012
Almost half (45%) of respondents do not expect to see a pay rise above inflation in 2012, according to research by NorthgateArinso.The 2012 Global pay optimism index surveyed 1,300 employees across Australia, Belgium, Canada, China, Denmark, Finland, France, Germany, India, Italy, Malaysia, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, ...
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Article
Mercer launches real-time DB risk management system
Mercer has launched a real-time daily-funding monitoring system as part of its drive to offer more effective risk management services to defined benefit (DB) pension schemes.The Funded Status Monitor (FSM) provides employers and trustees with a daily update of their pension scheme’s asset and liability values.It allows organisations to work ...
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Article
DWP publishes guidance on certifying DB schemes for auto-enrolment
The Department for Work and Pensions (DWP) has published guidance on certifying defined benefit (DB) pension schemes and hybrid schemes for auto-enrolment.The guidance aims to help organisations continue to use existing schemes, rather than setting up a new one, to comply with the pension reforms.Steve Webb, minister for pensions, said: ...
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FTSE 250 pension deficit at £11 billion
The total deficit of FTSE 250 company pension schemes stood at £11 billion, as at 31 December 2011, a deterioration of £5 billion from the same time last year, according to research by JLT Pension Capital Strategies.The research found that total deficit funding in 2011 was £1.5 billion, up from ...
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Group risk supplement 2012
Employee Benefits has published a report on the latest trends and topics around group risk benefits.The report covers:What to do when rebrokingHow providers give added valueStrategies for managing long-term absenceGroup income protection versus life insurance
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EXCLUSIVE: Bwin.Party introduces international recognition programme
Bwin.Party is introducing a global recognition programme for its 2,700 employees working across three continents.The programme, provided by Corporate Rewards, enables the company's employees to recognise their colleagues with a 'thank you' and points to spend in an online reward shop.However, the structure of the online gaming organisation's business has ...
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HarperCollins offers digital device loans
EXCLUSIVE: HarperCollins has introduced a digital device loan scheme that enables employees to purchase an iPad, laptop or non-contractual mobile phone for their personal use.The scheme offers the publishing firm’s 900 UK staff an interest-free loan to buy a device, capped at a maximum spend of £500. Employees then repay ...
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EXCLUSIVE: Coutts creates framework to align job roles globally
Coutts has created a global career framework that clearly defines career levels and job roles to make its reward and pay more transparent across 12 countries.The private banking and wealth management services arm of the Royal Bank of Scotland undertook a review of its framework in conjunction with consultancy Hay ...
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The Pensions Regulator warns employers on auto-enrolment inducements
Laws prohibiting inducements around auto-enrolment came into effect on 1 July.The Pensions Regulator (TPR) has published a reminder that it will take action where it sees evidence of inducement. This includes an initial fine of up to £400, with escalating penalties of up to £10,000 a day for larger employers.Charles ...
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EXCLUSIVE: University of Lincoln staff participate in Global Corporate Challenge
The University of Lincoln has 231 staff participating in the Global Corporate Challenge, has partnered a university in Australia to track each other’s progress, and has hosted a roundtable discussion on its bikes-for-work scheme.The university has taken part in the challenge, which runs from May to September for three years, ...
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Employee Benefits Summit: Novartis Pharmaceuticals uses seminars to engage staff
Novartis Pharmaceuticals conducted seminars to educate staff about their benefits packages. After the seminars, employees rated their understanding of their package and its value proposition. Average rating was 4.5 out of five.In a case study presentation at the Employee Benefits Summit 2012, delegates heard how Novartis implemented a number of ...
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Employee Benefits Summit: Reward 'must shift focus from austerity to growth'
The reward balance needs to be shifted from austerity to growth, said Duncan Brown, principal, compensation and talent at Aon Hewitt.During his session, 'Pay management in 2012: Back to the fundamentals' at the Employee Benefits Summit 2012, Brown said: "There is no doubt that the government has overdone the austerity ...
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EXCLUSIVE: D Young and Co. adds benefits using NI savings
Law firm D Young and Co. has added a range of perks to its flexible benefits scheme funded by the employer’s national insurance (NI) savings gained from its pensions salary sacrifice arrangement.The new benefits, suggested by the firm’s 180 staff through its annual employee survey, include financial education workshops, an ...
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Winners of the Employee Benefits Awards 2012
Asda, BT, Kraft Foods and McDonald’s Restaurants were among the winners at the 2012 Employee Benefits Awards.Read details on why our winners won, and which organisations made the runners up lists in our special publication ‘The winners 2012’ (click on the image of the cover).
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Interview with Thomas Humphris, head office HR and UK reward director at Informa
Q&AWhat attributes do you use in your role?Creativity and enthusiasm. I love injecting enthusiasm into any task. I believe it rubs off on others.Who is your role model?I love [Virgin Group founder and chairman] Sir Richard Branson’s entrepreneurial approach to everything he does. He has established a fantastic brand for ...
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Goddard Perry changes master trust charging structure
Goddard Perry has changed a range of charging structures for its master trust pension scheme.Its scheme, The Pension Master Trust, now offers a choice of charges, which include a one-time charge of 0.5% and an annual management charge (AMC) of 0.3% with a monthly charge of £1.Steve Goddard, managing director ...
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Case Studies
HarperCollins goes digital in reward and benefits
As the book publishing industry moves into the digitised space, HarperCollins’ director of people, John Athanasiou, is helping to ensure the firm’s benefits, communications and working patterns are aligned with this shift.Athanasiou is well equipped to oversee this change, thanks to seven years at Warner Music UK, latterly as head ...
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Co-operative Group conducts pension review to prepare for auto-enrolment
The Co-operative Group has conducted a review of its retirement benefits to ensure it is prepared for its auto-enrolment staging date in January 2013.The group, which has more than 100,000 employees, will enrol its 40,000 employees who do not currently contribute to a workplace pension scheme in a defined contribution ...