All articles by Nicola Sullivan – Page 51
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Kellogg's boosts pension take-up to 97% of workforce
Kellogg's has increased take-up rates of its workplace pension from 60% to 97% after introducing auto-enrolment and implementing a new scheme with gradually escalating contributions. The firm's new scheme, provided by Axa, allows employees to start off their contributions at 3% with an employer contribution of 5%. This moves up ...
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Pension buyout market will halve
The pension buyout market will halve as the full force of the financial crisis hits home, according to a report published by Lane Clark & Peacock (LCP).It said the market for transferring pension scheme risk to an insurance company will fall to £4 billion this year, half of the £7.9 ...
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QinetiQ employees vote to strike over pay freeze
Scientists and engineers at defence research and technology QinetiQ have voted in favour of taking industrial action over the company's decision to impose a pay freeze for 2009. A ballot of the union Prospect’s 2,000 members ended with 72% voting in favour of taking part in strike action, while 85% ...
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Half of employees have experienced reduced hours or pay cuts
More than half of all UK workers (54%) have experienced a cut in pay, a reduction in hours or a loss of benefits since the recession began, according to a survey conducted by the Keep Britain Working Campaign.The release of the survey of 1,600 staff followed the decision that Honda ...
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Sony Pictures uses Angels and Demons film to communicate perks
Sony Pictures sent staff on a quest to unlock the code of their benefits package as part of a communications initiative designed to tie in with its film release Angels and Demons.The strategy, created in conjunction with Buck Consultants, preceded the film’s UK launch in May. The firm’s 400 UK ...
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Grimsby Institute extends wellbeing initiatives
The Grimsby Institute of Further and Higher Education has extended its range of wellbeing initiatives to include an Olympic themed event and to raise awareness of men’s health.It plans to provide information on men’s health issues, including prostate cancer, to coincide with National Men’s Health Week, which starts on 15 ...
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Buyer's guide to employee share plans (June 2009)
The recession has thrown share schemes into confusion, and employers and employees are having to reassess their options, says Nicola SullivanFocus on facts:What are employee share plans?In a sharesave plan, employees can save a maximum of £250 a month over a period of three, five or seven years. At the ...
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Interview with Ian Wright, compensation and benefits director for Europe and Asia Pacific at Novell
Ian Wright, compensation and benefits director for Europe and Asia Pacific at Novell, values a healthy work-life balance to cope with a high-pressure roleCompensation and benefits professionals do not always take their own advice. But when it comes to areas such as work-life balance, Ian Wright, compensation and benefits director ...
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Staffcare appoints Graham Jarvis as managing director
Employee benefits software company Staffcare has appointed Graham Jarvis as managing director. Jarvis, who was previously head of flex and benefits administration at Hewitt Associates, took up his new role in May. A qualified actuary, he has been involved in the flexible benefits sector since 2003, when he helped Buck ...
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Employee Benefits Awards: Glittering ceremony will see top performers crowned
The Employee Benefits Awards 2009 have been inundated with many sparkling entries, so make sure you have reserved your place at the gala lunch in June to see the winners announced. Hosted by comedian Rhod Gilbert, the event will take place on 26 June at the London Hilton on Park ...
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New analysis: Just rewards at the top?
With executive remuneration policies in the spotlight, the role of benefits consultants is also under scrutiny...As shareholders come under pressure to monitor companies’ remuneration policies, employers are finding it harder to win the vote on changes to executive reward. Institutional investors are also being pressed to ensure executive reward at ...
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Pada seeks views on investment strategy
The personal Accounts Delivery Authority (Pada) is consulting on the investment approach for personal accounts.Issues covered in its Building personal accounts: designing an investment approach paper include the investment objective and design of the default fund, and investment for members nearing retirement. The default fund is likely to be invested ...
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Proposals to allow parents to share parental leave put on hold
The government has put its proposals for parents to share maternity and paternity leave on hold as it reviews the costs and benefits of introducing new regulations in the current economic conditions.The proposals, which were expected to be introduced this year, would allow mothers and fathers to share a year ...
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FSA assesses money guidance service ahead of national launch
The Financial Services Authority (FSA) is assessing the success of the money guidance programme currently available in the North of England ahead of the national launch of a similar service expected to take place next year.Chancellor Alistair Darling announced in his Budget report that a national money guidance service would ...
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Japanese restaurant employs high-performing monkey
News that a Japanese restaurant has attracted extensive amounts of business by harnessing the talents of a monkey raises some poignant questions about about reward and the battle for talent.Guests dining at the Kayabuki restaurant, 60 miles north of Tokyo, are greeted by monkey-waiter Faku-chan, who has created such a ...
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Connaught introduces system to record drivers' mileage
Social housing and public sector service provider Connaught has introduced a mileage recording system for its 5,000-strong fleet.So far around 850 company car drivers and 500 cash allowance drivers have gone live on the system, which requires drivers to record their business miles electronically on a monthly basis.The information is ...
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BT set to axe homeworking for 200 staff
BT has asked a proportion of its employees that work from home to come back to the office in a bid to improve the support and service received by its global services' customers. The firm, which has called upon around 200 employees working remotely for BT UK Global Services to ...
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Tesco employees share GBP98m bonus pot
More than 207,000 Tesco employees will share a £98 million bonus pot after the retail giant reported profits of £3 billion for the last year.Workers, including checkout operators, drivers and managers will receive a payout, which follows the success of the retailer's share scheme. Around 66,000 employees who are members ...
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Danone ranked as the best place to work in the UK
Danone has been ranked as the best place to work in the UK because of its workplace culture of strong social responsibility and extensive range of health and wellbeing benefits.The dairy company won the accolade from management consultant firm Great Place to Work Institute after a survey conducted as part ...
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Employees who shower at work are more productive and creative
It would seem that having a shower can do more for a person than inspire them to sing badly-out-of-tune renditions of 80s pop songs.According to research, conducted by shower firm Mira Showers, employees who break for showers during the working day are 42% more productive and a third more creative.An ...