News – Page 81
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Commission payment errors cost employers millions
Poorly-managed commission schemes can lose employers millions of pounds each year.According to research carried out by market research firm Vanson Bourne on behalf of consultancy OpenSymmetry, 24% of the 153 UK sales directors surveyed said they regularly see errors of more than 10% of the total amount of commission paid. ...
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Kingfisher Gift Vouchers temporarily suspends trading
Kingfisher Gift Vouchers (KGV) has temporarily suspended trading following talks over the future of scheme-member Woolworths.Woolworths shares were suspended on 26 November. KGV also runs Comet and B&Qs voucher schemes.Employees who hold the vouchers under workplace motivation and reward schemes have been encouraged to redeem them while they can.John Sylvester, ...
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HML targets instant reward scheme at younger staff
HML is launching a motivation scheme that enables managers to reward employees with a sum equivalent to cash that can be spent online at selected retailers and leisure providers.The scheme is designed to engage younger staff at the company, which services third-party mortgages.The instant reward is credited to an online ...
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Compass Group launches staff recognition programme
Compass Group UK & Ireland is launching an employee recognition programme through which staff can nominate a colleague or themselves for an award for meeting key values.The Be a Compass Star initiative, which rewards staff for demonstrating integrity, teamwork, passion, responsibility and a can-do attitude, follows a 13% rise in ...
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Asda offers Christmas perks to staff
Asda is to launch festive instant reward scratch cards to boost employee morale and motivation during the Christmas period.The scheme, called 'Thanks for going the extra mile', will allow line managers to nominate members of Asda's 4,500 store-based workforce to receive a card which, when scratched, will reveal a prize. ...
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Richard Tyler, compensation, benefits and HRIS manager at Alcatel-Lucent: Benefits play key role in successful mergers
Companies have long used mergers and acquisitions (M&A) as a way of strengthening their market position, increasing their global footprint and, or, bringing together the talent and resources of employees in order to challenge competitors. One of the most important aspects of any M&A activity is to ensure all staff ...
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Employee Benefits Live: Creating a positive environment crucial in a downturn
Employers have been warned that the current economic turmoil made it more important than ever to create a positive working environment built on trust otherwise they will risk loosing key talent once the downturn is over.Speaking at Employee Benefits Live, Judith Leary-Joyce, chief executive of Great Companies Consulting, told delegates ...
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Responsibletravel.com launches ethical travel vouchers
Ethical online travel company responsibletravel.com has launched a corporate voucher scheme to enable employers to offer staff discounts on ethical holidays.The bespoke travel vouchers, which start from £50, are designed to suit a range of employee benefit schemes, long service incentives, performance based rewards. Employers can brand e-vouchers for staff ...
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Linking incentive schemes with business strategy
Linking incentive schemes with business strategy can prove highly effective in boosting employee motivation levels, says Sarah ColesIn the early 1990s, US-based Continental Airlines had a real image problem: years of cost-cutting had left employees often demotivated, and flights were frequently late or cancelled. The company decided that it needed ...
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Interview with Adrian Furnham, professor in psychology at the University of London
Adrian Furnham, a professor in psychology, believes that an effective motivation strategy should have clear targets, offer valued incentives and be linked to performance, says Amanda WilkinsonThrowing money at a problem does not always help to solve the underlying issue. When it comes to motivating employees, that is certainly the ...
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Yell launches structured long-service programme
Yell has introduced a structured long-service awards programme that uses experience days and gifts to reward staff, in a consistant manner, for their loyalty to the company.Employees will be entitled to receive gifts and experiences at the end of each five-year period they have worked for the company, up to ...
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Maintain morale in a downturn
As many employers look to make cost savings, it is still important to reward valued staff as their morale is vital to businesses' long-term prospects, says Nicola SullivanDuring periods of economic instability many employers will be keeping a close eye on benefits expenditure, looking for ways they can control or ...
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Chinese employers give staff tickets to the Olympic Games
Chinese employers are motivating their employees by giving them tickets to the Olympic Games.Staff are offered tickets in order to act as 'volunteer' fans and fill empty seats at the competition. Every employee is given training on how to act while watching the sporting events, for example, applauding for both ...
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Sainsbury's launches gift cards
Sainsbury's has launched a gift card with cash values of between £1 and £2,000 that employers can use to reward and motivate staff. The gift card gives access to 30,000 products across Sainsbury's stores, coffee shops and petrol stations. Employers can top up the cards with cash by contacting Sainsbury's ...
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Coast & Country launches voluntary benefits to motivate staff
Coast & Country has launched a voluntary benefits scheme that it will use to provide non-cash incentives to staff.The housing association's scheme offers its employees discounts with various retail, leisure and travel suppliers, and on experience days.Staff who carry out a part of their job to an exceptional standard will ...
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Smiths Group considers new executive incentive plan
The Smith Group is considering freezing the salaries of senior staff and offering them shares in the company for successfully overcoming challenges.Under the engineering firm's new remuneration scheme, proposed by chief executive Philip Bowman, executive directors would not receive pay rises for a period of two years and would no ...
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Bupa gives staff time to volunteer
Bupa is to give employees time during working hours to volunteer at charities close to its main call centres in Staines and Manchester.Employees will be able to choose from more than 100 projects including refurbishing a respite centre, repairing broken fences and gardens at a school and revamping a Mencap ...
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Non-monetary rewards make workers more likely to stay
Employers that offer their employees non-monetary rewards should achieve higher rates of retention than those that do not.A survey of 1,000 employees by GfK NOP found that a higher percentage of staff planning to quit their jobs within the year work for line managers who do not provide non-monetary rewards ...
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Vodafone extends NVQ programme for retail staff
Vodafone UK has expanded its staff development programme to allow of its 2,200 retail staff to follow a NVQ accredited development scheme enabling them to progress from trainee adviser through to regional manager.The firm launched the scheme to 1,225 retail staff in November 2007 and has now expanded the scheme ...
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Is HM Revenue and Customs scrutinising incentive schemes?
HM Revenue & Customs (HMRC) is reviewing the tax paid by employers on incentive schemes, according to an industry insider from a motivation provider.The source told Employee Benefits that HMRC has extended the scope and boosted the frequency of investigations of employers running incentive plans. But, HMRC has denied this.The ...