All articles by Jennifer Paterson – Page 19
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Case Studies
The benefits offered by Fujitsu UK and Ireland
PensionA trust-based defined contribution (DC) scheme with employer-matched contributions up to a maximum of 10%.Two legacy defined benefit (DB) schemes, closed to new entrants and to future accrual.One DB plan that is selectively open to new members, such as staff that transfer to Fujitsu from the public sector. HealthcarePrivate medical ...
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OpinionRosemary Lemon: The benefits of benefits
With benefits, the clue is in the word and, what’s more, the advantage of having benefits should be mutual. Benefits should be something considered of value to both the employee and the employer.Too often, they are seen as ‘normal market practice’ at a certain grade and taken for granted. Or, ...
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VideoVIDEO: Simon Nash: HR needs to banish use of term 'the business'
HR professionals should banish their use of the term ‘the business’, said Simon Nash, HR director at Carey Olsen, in an interview with Clare Bettelley, associate editor of Employee Benefits.He said: “It is used in the context of ’HR needs to influence ‘the business’ to make a change’.“That’s completely alien, ...
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VideoVIDEO: Neil Morrison: Awards finalists embrace benefits technology
The use of technology in creating access to benefits for employees wherever they are is really exciting, said Neil Morrison, group HR director at Penguin Random House Group, one of the Employee Benefits Awards judges, in an interview with Debi O’Donovan, editor of Employee Benefits.He added: “I’m really interested in ...
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VideoVIDEO: Susan McGarrity: Awards finalists focus on benefits budget
The finalists of the Employee Benefits Awards demonstrated a focus on making savings through benefits, said Susan McGarrity, director of reward and shared services at Doosan Babcock, in an interview with Clare Bettelley, associate editor of Employee Benefits.“One of the entrants had no budget and, in fact, had to make ...
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VideoVIDEO: Susan Gee: Employee Benefits Awards judging fuels ideas
Judging the Employee Benefits Awards offers ideas to bring back to your own organisation, said Susan Gee, employee health and wellbeing manager at Yorkshire Water, in an interview with Debbie Lovewell-Tuck, deputy editor of Employee Benefits.She said: “It’s one of the reasons I agreed to judge, because I knew there ...
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Video
VIDEO: Lawrence Cramer: How to manage auto-enrolment on a small budget
brightcove.createExperiences();Employers should identify the budget they have for pensions auto-enrolment at the very beginning of the process, said Lawrence Cramer (pictured), head of HR at the YHA, during an interview with Clare Bettelley, associate editor of Employee Benefits.He said: “As ...
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ArticleAT&T and Kodak shortlisted for financial education
AT&T, Kodak and Live Nation are among the employers that have been shortlisted for the award ‘Best financial education strategy’ at the Employee Benefits Awards 2014.For this award, the judges were looking for employers that have taken a proactive approach to their workforce’s financial needs and have supported staff in ...
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ArticleQuarter of companies offered free shares to staff around IPO
Only 26% of companies that have launched an initial public offering (IPO) in the past four years operated share plans that allowed for awards of free shares to all employees, according to research by Deloitte.Its research analysed the listing documents and remuneration reports of companies that joined the London Stock ...
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VideoVIDEO: Adam Brooke: Awards finalists review benefits communications
Employers’ ongoing reviews of their benefits communications programmes was one of the most impressive findings among Employee Benefits Awards’ finalists, said Adam Brooke, vice-president, employee benefits and wellness manager at JP Morgan, in an interview with Clare Bettelley, associate editor of Employee Benefits.He added: “I’ve seen take-up figures of 70% ...
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ArticleUK annuities market could drop by 75%
The UK annuities market could decline by up to 75% after the government’s changes to compulsory annuity purchase come into effect from April 2015, according to research by PricewaterhouseCoopers (PWC).Its research, which questioned 1,208 respondents aged 50 to 75 who are looking to take their pension in the near future, ...
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Article73% expect to change DC pension scheme investment
Nearly three-quarters (73%) of respondents expect to change their pension schemes’ investment options, in order to offer members a combination of cash and income-generating strategies, according to research by Aon Hewitt.Its research, which polled more than 200 pension managers, trustees and finance directors, focused on the impact of the Budget’s ...
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Article67% concerned about complexities of shared parental leave
More than two-thirds (67%) of respondents are concerned about the potential complexities and increased administrative burden of the government’s incoming shared parental leave system, according to research by Norton Rose Fulbright.The law firm’s research, which surveyed 222 HR professionals, found that 76% of respondents have not taken any practical steps ...
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Article62% in favour of flexibility around pensions
Nearly two-thirds (62%) of UK workers believe giving people more choice and flexibility around how they take their retirement income is a good idea, according to research by Aviva.Its research, which surveyed 1,500 UK employees, found that 80% of respondents were aware of the retirement income changes announced by the ...
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Article45% consider mental ill health a major cause of long-term absence
Almost half (45%) of respondents consider stress and mental ill health a major cause of long-term absence among their employees, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study, which surveyed 500 UK employers, found that 25% of employer respondents also considered stress and ...
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Article
Next chief to share £4m bonus with staff
Next chief executive Simon Wolfson is to share a nearly £4 million bonus with the organisation’s staff in May.Around 19,400 staff, who have been employed by the clothing and household furnishings retailer for at least three years, will receive an average of 1.5% of their salary.The bonus has been awarded ...
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Article27% know little about group income protection
More than a quarter (27%) of respondents admitted they know little about group income protection, according to research by Canada Life Group Insurance.Its research, which surveyed 200 employee benefits decision makers at organisations that employ between 150 and 2,000 staff, found that 32% of respondents are unaware of the cost ...
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Article25% would buy an annuity at retirement
Only 25% of respondents would use most or all of their pension pot to buy an annuity when they retire, according to research by Hymans Robertson.Its research, which surveyed 1,000 current members of defined contribution (DC) pension schemes, found that 31% of respondents would not buy an annuity, but would ...
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Article300,000 more UK workers protected by group risk schemes
The number of employees in the UK protected by group risk insurance grew by 300,000 in 2013, according to Swiss Re.Its Group watch 2014 report, which analysed and summarised group risk business results at the end of 2013, found that the overall UK group risk market grew by 2.8% to ...
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ArticleTalkTalk and Warburtons shortlisted for auto-enrolment
TalkTalk Group and Warburtons are among the employers that have been shortlisted for the award ‘Best pensions auto-enrolment strategy – small employer’ at the Employee Benefits Awards 2014.This award recognises employers that maximised the opportunities offered by the need to comply with auto-enrolment legislation, and that demonstrated how these actions ...