All articles by Jennifer Paterson – Page 170
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Article
Johnson Fleming research: Most pension salary sacrifice offerings are the default option
Employers which use a salary sacrifice arrangement for employee contributions to their organisation’s pension scheme are saving an average of £367.71 per year per member.The figure is the result of Johnson Fleming’s internal research, the Johnson Fleming Salary Sacrifice Analysis, which polled 8,633 employees. Among respondents, the average employee contribution ...
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Article
David Jones moves to JLT Group
JLT Group has appointed David Jones head of compensation and benefits. Jones joins the employee benefits consultancy from law firm Linklaters, where he was reward and benefits manager.Jones has worked in the HR sector for more than 15 years and has specialised in reward and benefits for the past seven. ...
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Article
RBS global role for Damien Teisseire
Royal Bank of Scotland Group has appointed Damien Teisseire group head of reward for global banking markets.Teisseire was previously head of reward for Europe, Middle East and Africa (EMEA) and India at Goldman Sachs, which he left in July.Before joining Goldman Sachs, Teisseire was global head of reward at Unicredit ...
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Analysis
Using salary sacrifice to make pension contributions
If you read nothing else, read this...Before implementing a salary sacrifice pensions arrangement ensure it is viable for the business.Employee contracts need to be changed to show the change of salary, but minimum wage laws must be adhered to.Get HM Revenue and Custom approval and make sure employees understand all ...
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Case Studies
Case study: Wolfson switches staff on to sharesave
When Wolfson Microelectronics launched its first sharesave scheme this August, it used a variety of communication strategies.Face-to-face briefings were conducted with Ernst and Young and Yorkshire Building Society (YBS). Issy Urquhart, vice-president of human resources at Wolfson, says: "All UK employees were invited to attend a briefing session and we ...
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Article
Mitchells and Butlers staff set to save energy
Mitchells and Butlers is offering its employees free energy-saving products for their homes.The benefit, rolled out to 1,000 corporate staff at the pub and restaurant chain in September, is provided by Grass Roots Group.It is aligned with the employer’s corporate social responsibility strategy, which includes integrating energy-awareness messages into its ...
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Case Studies
Case study: Share incentive plan relaunch boosts take-up at FirstGroup
After relaunching its share incentive plan (Sip) in November 2009, FirstGroup saw overall take-up increase by 38% compared with the previous year. Take-up by staff aged under 30 rose by almost 63%, and now exceeds the rate among older employees.The relaunch was particularly focused on the under-30s, among whom participation ...
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Article
Marilyn Benmergui joins Cigna
Cigna has appointed Marilyn Benmergui European compensation and benefits manager.Her role will include direct responsibility for regional payroll, governance activities, and an overall consultancy and advisory role for pension schemes and new benefit initiatives.Benmergui joins from Baker Hughes, where she was regional total rewards manager. She has also worked at ...
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Article
Half FTSE firms measure return on investment of benefits packages
More than half (51%) of the top FTSE organisations feel it is important to measure the return on investment of their reward and benefits.According to Thomsons Online Benefits’ Employee Rewards Watch: FTSE 350 2010, which surveyed 39 FTSE-listed organisations, 67% of respondents also introduced pay freezes in 2009 to reduce ...
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Analysis
Health and wellbeing: International employee assistance programmes
If you read nothing else, read this …Employee assistance programmes (EAPs) are now available in over 150 countries.Employers should first consider whether they want to offer an EAP centrally or localise it to each global worksite.Challenges to consider in implementing an international EAP are cultural barriers, cost, language, and the ...
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Case Studies
Case study: Asda staff sold on sharesave benefits
When Asda relaunched its sharesave plan in February 2010, staff who had previously benefited from it were used to boost take-up.Laura Wilcock, shares manager at Asda, said: "We asked staff to put stories about how they spent money from previous schemes on our intranet site, The Green Room. We had ...
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Article
Abbott adds to flex offer
Pharmaceutical company Abbott has seen the percentage of staff amending their perks through its flexible benefits plan rise to 61% from 50% since adding bikes for work, discounted gym membership and will writing.The new benefits, available to all of Abbott's 2,300 UK staff, were introduced as a result of employee ...
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Article
Employers uncertain in light of pensions higher-rate tax hike
The majority (64%) of UK organisations have yet to decide if they would change their pension scheme in light of the pensions tax changes for those earning more than £150,000 a year.A snapshot poll by Mercer of 350 HR and pension managers and compensation and benefit specialists also found that ...
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Article
Rightmove to manage its executive share plans in-house
Rightmove, the house-hunting website, is managing its executive share plans in-house by using Centive, the share plan administration software from Killik Employee Services (KES).The software caters to all executive share option and share-based plans, as well as all-employee plans such as share incentive plans (Sip) and save as you earn.Peter ...
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Article
Half of pension schemes fail to review member data
Less than half (45%) of pension schemes have failed to review of their member data for the last two years, according to research by JLT Benefit Solutions and the Pensions Management Institute (PMI).The research surveyed 350 respondents to evaluate their compliance with the final guidance on pension scheme member record ...
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Article
Thomsons Online Benefits launches new benefits service
Thomsons Online Benefits has added a new service to its employee benefits software platform.The addition, Darwin Dashboard 2.0, provides a visual and statistical breakdown of each element of an organisation’s benefits package, including how many staff logged on in the last month, have taken up childcare vouchers or have added ...
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Article
CIPD awarded the Pension Quality Mark Plus
The Chartered Institute of Personnel and Development (CIPD) has been awarded the Pension Quality Mark Plus for its staff pension scheme.The standard is given to employers which provide high-quality defined contribution (DC) schemes to their employees.The Pension Quality Mark (PQM) was launched by the National Association of Pension Funds (NAPF) ...
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Article
DWP research: Only 28% of private sector firms offer a pension
Only 28% of private sector organisations offered some form of pension provision for their employees in 2009, down from 41% in 2007.According to the Department for Work and Pensions (DWP) Employers’ Pension Provision Survey 2009, which it polled 2,519 private sector employers, most of the decline in overall provision was ...
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Article
Increased demand for pension scheme buyouts
There has been an increase in demand for insuring the defined benefit (DB) obligations of occupational pension schemes in 2010 compared to 2009.According to data from consultancy Mercer, £3.2 billion of business was written in the first half of 2010 compared with £3.7 billion of business written during the whole ...
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Article
Sodexo’s health and wellbeing programme celebrates 25 years
Sodexo staff are celebrating 25 years of ‘Healthwise’, the organisation’s health and wellbeing programme.The celebration, held on the HMS Belfast, hosted over 60 guests including Dr Dorian Dugmore, director of wellness international and wellness coach at Adidas UK, who presented a keynote address on the impact of health and wellness ...