All articles by Jennifer Paterson – Page 160
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Article
Rothesay Life completes acquisition of Paternoster
Rosethay Life, the insurance firm which is a wholly-owned subsidiary of the Goldman Sachs Group, has completed its acquisition of pension specialist Paternoster for £260m.Following the conclusion of an extensive sale process and satisfaction of the relevant conditions, the sale has grown Goldman Sach’s pension business to £6bn.Read more articles ...
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Article
Goldman Sachs to focus on employee recognition
Goldman Sachs is to place a greater focus on employee recognition programmesDetails of its plans have been outlined in a report issued by the firm’s Business Standards Committee. The report’s recommendations, which include employee evaluation and incentives, have been approved by the firm’s senior management and the board of directors, ...
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Article
Majority of employers do not provide opportunities for staff volunteering
Nearly two thirds of UK employers do not provide a good level of support for their staff to volunteer. However, 58% of employees said they would volunteer if their employer helped them to do so, according to research by independent charity V and YouGov, which consists of responses from 1,512 ...
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Article
CIPD releases guide to reviewing pay processes
The Chartered Institute of Personnel and Development (CIPD) has released its latest guide, The Pay Review Process, which raises awareness of the need to establish the pay review as a business process and offers insight on how to achieve this.The guide aims to help reward and HR professionals review their ...
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Article
PWC appoints Neil Roden to HR consulting practice
PricewaterhouseCoopers (PWC) has appointed Neil Roden as a partner in its HR consulting practice. Roden was formerly group director of HR at Royal Bank of Scotland (RBS).Michael Rendell, head of HR services at PWC, said: “Neil brings a wealth of expertise to our HR business, particularly in HR issues for ...
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Article
Alico Employee Benefits re-brands as MetLife
The Alico Employee Benefits and Agency businesses have been re-branded to become MetLife.This follows the MetLife acquisition of Alico on 1 November 2010.The MetLife group of companies provide retirement, savings and protection services across the Americas, Europe and Asia Pacific.Mike Kirsch, chief executive officer of Alico UK and EMEA Wealth ...
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Article
Moneysupermarket.com launches smart card for use in staff canteen
Moneysupermarket.com has launched an electronic contactless smart card for its staff to use in its new in-house restaurant.The staff canteen’s till system, integrated with the sQuid eMoney platform, enables staff to top up their card and pay by simply holding it against a contactless reader. Card holders can also top ...
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Article
CIPD calls on government to improve employment practice
The Chartered Institute of Personnel and Development (CIPD) has called on the government to extend the right to request flexible working to all employees, raise awareness among employees of the 2012 pension reforms, and introduce a £2.50 an hour training wage for internships lasting three months or longer.The CIPD’s 2011 ...
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Article
Jelf Employee Benefits launches online knowledge centre
Jelf Employee Benefits has launched a new knowledge centre on its website, which will provide HR and benefits professionals a broad range of information on current legislation, technical updates and industry news.The knowledge centre will focus on the firm’s core market of small- to medium-sized organisations.It includes: an improved news ...
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Article
Private sector pay increases but lags behind inflation
The median pay award rose slightly to 2.2% over the latest three-month period to the end of 2010, according to the latest pay data from Incomes Data Services (IDS).The median had remained at 2% for most of last year, and the latest increase takes it to the highest level it ...
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Case Studies
Case study: Archant reduces emissions
One-third (30%) of media group Archant's 2,000 staff have opted for lower-carbon-emitting cars through the firm's green contract hire and leasing car scheme. CLM manages the scheme, which was introduced to reduce the fleet's carbon footprint.As well as aiming to drive current CO2 emission levels from an average of 146g/km ...
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Article
Punch Taverns introduces flexible benefits plan
Punch Taverns has introduced a range of perks to all staff through a new flexible benefits scheme this month.This follows consolidation of its pension plans in July. Called ‘The Benefits Bar’, the flex scheme is available to 2,700 salaried employees, ranging from head office support staff to pub managers.Anthony York, ...
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Case Studies
Case study: Marriott staff create woodland
Marriott UK has introduced a carbon capture payroll-giving scheme through The Woodland Trust. By donating part of their salary, staff can reduce their carbon footprint by having trees planted.The benefit, which is aligned to Marriott's environmental strategy 'Spirit to Preserve', was communicated using its benefits website, payslip flyers and a ...
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Analysis
International reward: New world order for staff share schemes
Times are changing for international employee share schemes, the Global Equity Organisation’s executive director, Michael Bendorf, tells Jennifer PatersonChanges are afoot in the international employee share scheme market. The range of employers that offer the benefit is stretching beyond conventional sectors and countries. In addition, new European regulatory guidelines will ...
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Analysis
Green benefits rise in popularity
If you read nothing else, read this... Environmental benefits fit into two categories: stand-alone benefits and an alignment with the CSR profile. Green benefits include bikes-for-work schemes, low-emission company cars, telecommuting and online benefits communication. Other strategies include community volunteering, carbon offsetting and ethical pension investment.†Case study: Marriott staff create ...
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Article
Computing benefit returns
National Grid, Airbus and Punch Taverns are among the employers offering staff access to a new version of the home computing initiative (HCI).The initiative, brought in by the government in 2004 and then closed in 2006, is growing again as an employee benefit, albeit with fewer tax breaks.Employers can offer ...
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Article
Employers use new bikes product to ensure compliance
Associated British Ports, Avon and Somerset Probation Trust and Spire Healthcare are implementing a new Halfords bikes-for-work product.The plan, developed with HM Revenue and Customs and a tax adviser, ensures employers comply fully with the transfer-of-ownership regulations at the end of the hire period.It can be tailored either to extend ...
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Article
ITN to introduce flexible benefits scheme
ITN will offer flexible benefits to its 700 employees for the first time in April 2011.The news organisation is adopting an online system for staff to choose their own benefits, said Sue Utting, compensations and benefits manager at ITN.The company introduced a group personal pension plan on 1 April 2010 ...
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Article
Aberdeen City Council launches voluntary benefits
Aberdeen City Council will launch a voluntary benefits scheme and introduce salary sacrifice perks in 2011 after a year-long tendering process among 20 providers.James Fox, HR adviser at the council, said: “We did not have an overall provider of employee benefits, so the aim was to source a single provider ...
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Article
Quintiles launches payroll-giving scheme
Quintiles has launched a payroll-giving scheme to support its chosen charity, Macmillan Cancer Support.The pharmaceutical research firm rolled out the scheme for its 2,000 UK staff before Christmas to take advantage of a Workplace Giving UK promotion that guaranteed an extra £5 for every employee who signed up before the ...