News – Page 56
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Benefits Administration - definitions - Payroll systems
Payroll software that allow employers or payroll providers to process pay information for workforces. Payroll systems is becoming increasingly sophisticated as it has to cope with large amounts of data that changes weekly or monthly – from flexible working hours, leave booked, absence calculations, tax credits, a variety of taxes ...
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Benefits Administration - definitions - Outsourced administration
A third-party administrator does the administration of benefits on behalf of an employer. Outsourcing employee benefit administration, gives human resources more time to concentrate on strategy behind employee reward.In the employee benefits market, pensions administration has been the most popular employee benefit to outsource because it can be cumbersome to ...
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Benefits Administration - definitions - Online holiday booking
Online holiday booking allows employees to access their holiday entitlement records and to request annual leave online. Managers can then approve or reject requests online using the holiday planner software., holiday softwareThis employee holiday planning software enables managers and HR to manage leave electronically and to identify patterns or potential ...
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Benefits Administration - definitions - Online administration
Administering benefits via the internet, where the software is held by a third-party administrator. Employee benefits administration services can include flexible benefits and voluntary benefits.
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Benefits Administration - definitions - Intranet
A network based on TCP/IP protocols (an internet) belonging to an employer, accessible only by employees.An intranet's websites look and act just like websites on the internet, but the firewall surrounding an intranet prevents unauthorised access.The intranet can give employees access to self-service benefit administration software including information on benefits ...
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Benefits Administration - definitions - In-house administration
This is when the benefits are administered by the employer (usually the HR department), rather than outsourced to an external benefit administration company. The employer may use benefit administration and payroll software to help in this task.
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Benefits Administration - definitions - Human resource information system (HRIS)
Software system used by human resource departments to administer all aspects of personnel from sickness absence records and payroll to staff performance and holiday management.Some systems include benefits administration, while others allow employers to plug in stand alone benefit administration software (including flexible benefits and voluntary benefits systems).
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Benefits Administration - definitions - Financial calculators
Financial calculators (see also pension modellers) allow employees to calculate the value of their own benefits, pensions and share options. In the case of pensions and shares the calculators are able to predict the value of the benefit in the future based on varying investment performance. These financial modelling tools ...
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Benefits Administration - definitions - Enterprise resource planning (ERP)
ERP software systems integrate key business processes of organisations into a single software system that allows information to flow seamlessly throughout the organisation.ERP includes the integrated planning of a workforce to meet the business plan. This requires the same information (sales forecasts, actual orders, sickness absence records etc) to be ...
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Benefits Administration - definitions - Absence recording
Absence can be recorded electronically or on paper. Increasingly large numbers of employers are implementing systems that allow employees or their managers to record sickness absence themselves.This is usually done through a self-service system online (via the company intranet or secure internet site). This type self-recording software relieves the HR ...
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Royal Mail Group signs new contract on bike plan
Royal Mail Group has ended its tripartite arrangement with Futuremedia and Halfords Business Services for its cycle-to-work plan, and instead handed the entire scheme to the retailer to run.Previously the scheme was managed by Futuremedia, which oversaw all hiring agreements and legal paperwork as well as running a website and ...
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FirstGroup launches intranet site to encourage staff training
FirstGroup has launched an intranet site to help staff access training, and encourage them to think about career progression.The site is targeted primarily at the bus and rail operator’s drivers, who comprise 80% of its 25,000-strong workforce.The site will include information on career development and will encourage staff to visit ...
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Centrica to introduce self-administered HR system
Centrica is planning to introduce total reward statements for all employees, along with a self-administered HR system. It is also making changes to its flexible benefits scheme to in a bid to boost take-up among its call centre staff.Through flex, it plans to introduce a Visa Card onto which call ...
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DSGI revamps communication
Electrical retailer DSG International will launch a new website in May in order to improve communication with staff.Employees of the company, which owns high street brands such as Dixons, Currys and PC World, will be able to access the site from home, which will enable it to reach many more ...
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Wragge & Co reviews reward
Wragge & CO is designing its reward strategy for the next five years to ensure it remains competitive and its benefits are valued by staff.The law firm is aiming to have a new strategy in place by April.Following a benchmarking exercise, it is currently in the process of surveying new ...
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Benefits Administration - definitions
Benefits are administered in a variety of ways, from Excel spreadsheets, through payroll systems, bespoke benefits technology and even all-encompassing HR information systems (HRIS). Benefits can either be administered in-house by the benefits or HR team; outsourced to a third-party provider which can supply the technology and administer the scheme(s) ...
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Punch Taverns plans benefits audit
Punch Taverns is to carry out a benefits audit following its acquisition of Spirit Group earlier this year in order to ensure that there is no overlap of perks between the two organisations which continue to operate separately.The audit will look at the rationale behind the benefits offered, the contractual ...
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Holiday pay funds face axe?
Holiday pay funds that operate outside the construction industry may follow the home computing initiative (HCI) into oblivion as HM Revenue and Customs (HMRC) says it is reviewing the practice. This comes as high street retailer WH Smith, media group Informa, and the wholesale banking division of ING have implemented ...
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McArthur Glen goes out for perks admin
Designer outlet developer McArthur Glen has moved its outsourced benefits administration to a single provider in a bid to cut costs. It has also launched a bikes for work scheme and childcare vouchers for its 162 UK-based employees.Karen McCreanor, human resources manager, said senior directors were happy with the new ...
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HR and payroll often out of sync
The relationship between HR and payroll departments in the UK is often far from harmonious, according to a study by HR and payroll provider Snowdrop.The Love actually survey shows that 60% of payroll professionals believe HR doesn't give them accurate information, while 54% believe HR fails to keep them in ...