All articles by Jennifer Paterson – Page 62
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Article
E.On raises pensions take up to 92% after auto-enrolment
EXCLUSIVE: E.On has increased the take up of its group personal pension (GPP) plan to 92% after a year of communicating auto-enrolment.The auto-enrolment process began for the utility business about 18 months ago, when it looked at the options it had around complying with the legislation.The utilities business decided to ...
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ArticleSocial media tools not seen as cost effective
More than half (56%) of respondents currently use social media tools as part of their communication with employees, according to research by Towers Watson.The 2013 Towers Watson Change and communication ROI survey, which polled 290 large and medium-sized organisations in Asia, Europe and North America, found, however, that only between ...
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Article
Bupa and AIG partner for travel insurance service
Bupa and AIG have formed a partnership to develop a range of products and services for the travel insurance market.The products and services, which will be rolled out over the next two years, will be available for all sizes of employers.The partnership also brings together Bupa’s travel insurance with AIG’s ...
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Article
Network Rail awards executive bonuses despite failings
Network Rail has awarded its five executive directors annual bonuses despite its remuneration committee reporting an unsatisfactory level of workforce safety, which has resulted in the committee using its discretionary powers to reduce the overall bonus award by 10%.The rail organisation’s remuneration committee felt that more could have been done ...
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Article
Cost is main influence on healthcare perks
EXCLUSIVE: More than three-quarters (78%) of respondents said cost is the main influencer behind their decision to buy, or continue to offer, healthcare benefits, according to exclusive research by Employee Benefits.The Healthcare research 2013, which surveyed 376 HR and benefits professionals, found that only 7% calculate the return on investment ...
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Article
Ladbrokes pension awarded PQM
Ladbrokes has been awarded a Pension Quality Mark (PQM) for its stakeholder defined contribution (DC) pension scheme.The benchmark, awarded by the National Association of Pension Funds (NAPF), is given to employers that provide good quality defined contribution (DC) pension schemes to their staff. It recognises DC schemes that have total ...
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Article
Unity Trust Bank launches share ownership plan
Unity Trust Bank has launched a share ownership plan for its employees.The plan involves the creation of an employee benefit trust that will acquire and distribute shares to staff.The bank has also provided a £50,000 gift to the trust to set up the scheme and acquire shares from its current ...
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Article
All-employee recognition data most valued
Almost three-quarters (74%) of respondents said that ‘crowdsourcing’ recognition data provides the most accurate picture of employee performance, according to research by Globoforce.The Spring 2013 Society for Human Resource Management/Globoforce Employee recognition survey, which polled 800 HR professionals, defines ‘crowdsourcing’ as the collection of feedback from all employees within an ...
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Article
Winners of the Employee Benefits Awards 2013 announced
The Employee Benefits Award winners 2013 were announced on 7 June during a summer party held at the Artillery Garden at the HAC, London.BMW (UK) won the prestigious Grand Prix award at the Employee Benefits Awards 2013. The Grand Prix is awarded to the most outstanding winner of an Employee ...
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Article
Bibby and Mayer Brown shortlisted for flex plans
Bibby Financial Services and Mayer Brown are among the employers shortlisted for ‘Best flexible benefits plan – small employer’ at the Employee Benefits Awards 2013.For this category, the judges looked at which benefits were included and why, how the plan was administered and communicated, and how it complemented or drove ...
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Article
Standard Life appoints Barry O’Dwyer
Standard Life has appointed Barry O’Dwyer as managing director, workplace.O’Dwyer (pictured) will join from Prudential, where he is deputy chief executive, UK and Europe.Paul Matthews, chief executive officer, UK and Europe, at Standard Life, said: “[O’Dwyer] joins Standard Life to lead a core part of our business.“As a leading player ...
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Article
Remuneration committees show restraint on directors' packages
Remuneration committees have shown restraint when setting executive directors’ packages this year, with widespread salary freezes and lower bonus payouts, according to research by Fit Remuneration Consultants.Its FTSE 100 executive remuneration survey sourced data from companies’ annual reports and included all FTSE 100 companies with a year-end up to, and ...
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Article
Mitie Group staff take part in charity bike ride
Mitie Group employees have taken part in a 180-mile bike ride around London. The London Revolution, which brought together 2,000 cyclists along a route of London landmarks and Olympic venues, was sponsored by Mitie Group and its charity partner City Gateway, which aims to help unemployed young adults through training, ...
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Article
Top line-up of speakers and workshops at Employee Benefits Summit on 25-27 June 2013
On the first day of the event, a panel of experts, including Deborah Hargreaves, director of the High Pay Centre, and Claire Morland, head of compensation at Man Group, debated the future of executive pay and bonuses.Later that day, Irene Stark, HR director at ATS Euromaster, discussed how engagement can ...
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ArticleHealthcare perks improve staff engagement
In the Healthcare research 2013, published this month, 51% of respondents said their healthcare benefits had improved employee engagement, compared with 33% that said the same in 2010, and 26% that said the same in 2009.This year’s respondents also feel their healthcare benefits are most successful in achieving the following: ...
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Article
Condé Nast Britain launches HR and payroll system
Condé Nast Britain has launched an HR and payroll system to streamline its HR functions for its 600 employees.The publishing firm, which has introduced ADP’s HR.net system, was looking for an outsourcing provider to refresh its systems.It also required a system that could cope with the increase in data and ...
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Article
Performance focus for executive remuneration
The move, revealed in Morrisons’ annual report in May, follows similar announcements of bonus cuts for executives in organisations such as Aviva, Lloyds Banking Group and Trinity Mirror.This points to an increased focus on pay for performance in the design of remuneration packages for executive directors.Deborah Hargreaves, director at the ...
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Article
Concerns over consultancy charge ban
Consultancy charging, introduced under the retail distribution review, which came into effect at the end of last year, enabled employers to pay an adviser for some of its pensions management work out of the employee’s or employer’s contributions to a member’s fund.Jon Dixon, head of Chase de Vere’s auto-enrolment proposition, ...
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Executive remuneration to be discussed at Employee Benefits Summit
The panel will include Deborah Hargreaves, director at the High Pay Centre; Roger Barker, head of corporate governance at Institute of Directors; and Claire Morland, former head of compensation at Man Group.In April, the government amended its draft legislation requiring listed organisations to hold binding shareholder votes on directors’ pay. ...
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Article
Employee Benefits Summit panel will discuss global mobility
The session will be led by Tim Wells, director at Wells and Co Consulting (pictured) and former global mobility manager at Britvic Soft Drinks, who will discuss how global mobility is changing to suit different generations.“Mobility is going through a transformational phase as Generation Y comes into the workforce,” said ...