All articles by System Administrator – Page 102
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Article
Parking company gives staff shift choice
Parking operator Purple Parking has introduced a time and attendance system to encourage staff to work flexibly.The firm, which runs airport parking lots, hoped that the ability to roster more effectively would help it plan flexible shifts, giving staff more choice over their hours of work.Finance director Peter Hinstridge said ...
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Analysis
Employer case studies on pensions simplification
A-Day, 6 April 2006, might still be eight months away, but organisations need to put plans in place now to meet the government's new tax simplification legislation. Victoria Furness asks how much progress employers are making.O2Mobile phone operator O2 has almost finalised its preparations for the area of legislation that ...
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Article
Buyer's Guide: Private medical insurance
Provider competition is rendering increasingly savvy organisations with a wider selection of more tailored solutions, says Jamin RobertsonArticle in fullPrivate medical insurance (PMI) providers operating in a tightly congested market admit healthy competition and a beefed-up NHS make for hard-fought new business. But astute firms are responding to employer demand ...
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Article
Pension levy burdens charity
Barnado's expects that it will have to cut back on charity projects and consider making staff redundant as a result of the Pension Protection Fund (PPF).The children's charity believes that as a result of the risk-based levy, it will have to pay around £4.5m. Its pension fund is estimated to ...
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Article
Products news - Bringme gets Lloyd's share
Voluntary benefits provider Bringme has decided to start offering a flexible benefits product thus taking advantage of its existing administration systems. Lloyds-funded Bringme became part of Lloyds TSB Registrars in January and will offer its products to Lloyd's share scheme clients. Head of marketing Matthew Ansell said: "It's given us ...
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Article
Pensions legislation - Borrowing rules change
Investment arrangements and pension scheme borrowing are set to be overhauled as a result of the A-day pension changes.Under the new rules, pension schemes will be able to borrow up to 50% of the value of the scheme's assets. An employer can also loan up to 50% of the market ...
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Article
Pensions update - Pensionable booze to hurt Treasury
Employers that encourage executives to put property and fine wine into their personal pensions are expected to cost the Treasury around £500m in lost revenue.>From April 2006, high earners will be able to secure tax relief by widening investment opportunities for self-invested personal pensions (Sipp) The new rules, which allow ...
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Article
Online bookings are just the ticket for staff social clubs
Ticketmaster and communications provider BI have introduced a benefits product that offers preferential tickets to key sporting, music and cultural events.Ticketmaster Corporate Priority promises employees an online and telephone purchasing outlet for 50,000 events including West End theatre shows and football matches. It aims to brand online employer sites to ...
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Article
Ladbrokes mails book
Ladbrokes has upped its benefits communication after it found the company's numerous perks were baffling staff. HR manager Rachael Etebar said: "People were becoming confused. It makes sense to communicate it properly when you're spending all that money."Currently, benefits on offer include a defined benefit pension scheme, discounted sporting tickets ...
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Article
Research update - Staff need biscuits to get through day
Employees are relying on biscuits to provide motivation at work. Two-thirds of staff say that they have a snack during the day to provide energy for their jobs, while 65% say a nibble helps them get through the day.For more on the United Biscuits' survey contact Alexandra Chilvers on 020 ...
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Article
ING Direct brings in bike loans
ING Direct has brought in a salary sacrifice bike loan scheme as part of a drive to get employees to take better care of themselves.The bank launched the scheme last month, where staff can get 40% off the cost of a new cycle.Compensation and benefits manager Lorna Benton said: "We ...
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Case Studies
Employer Profile: BG Group
Natural gas giant BG Group places a high reliance on its share options where the cross-border tax implications mean that scheme admin needs precision detailing, says Debbie LovewellArticle in fullBG Group's surroundings appear to have rubbed off on it. Judging from the lengths some departments within the firm have gone ...
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Analysis
Feature - Focus on pensions; Stakeholder pensions offer choice between trust and contract-run plans
There can be subtle differences in the role of trustees, especially in stakeholder plans where there are often choices between trust and contract-run models, says Sue WardIf you read nothing else, read this ...It is possible to set up a trust to look after a group personal pension or stakeholder ...
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Analysis
Feature - Focus on healthcare: EAP schemes better target stress
Many firms are switching staff counsellors so as to focus on work-related issues, which could form a more targeted approach to stress, says Debbie LovewellIf you read nothing else, read this ...Employers are looking to add a greater focus on work-related issues to employee assistance programmes (EAPs).EAPs can be tailored ...
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Analysis
Benefits in Nigeria
Nigerian pension reform hopes compulsory pensions will tackle poverty in old age, while hardship loans supplement meagre salaries, says Jenny KeefeIf you read nothing else, read this ...Although family ties are strong, many Nigerians face hardship in retirement.The Pensions Reform Act 2004 introduced compulsory pensions saving and all private sector ...
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Analysis
Feature - Focus on flexible benefits: Defining true flex
Amid confusion over just what constitutes a real flex plan, Peter White finds employers opting for flex to smooth business mergers and a raft of trendy new flex benefitsIf you read nothing else, read this ...Flexible benefits are fighting against voluntary tax-efficient arrangements for popularity.Employers are typically introducing flex for ...
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Analysis
Using data to tailor the benefits package
New advances in analysis of even the most mundane data can help HR predict staff behaviour on a group or individual basis... and even exert a subtle influence, says Debbie LovewellCase Study: The Royal Bank of ScotlandArticle in fullWhile it can be thrilling to live life on a knife-edge as ...
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Analysis
Feature - Cool Benefits
Trendy perks can work just as well among accountants as media-luvvy advertising creatives, but don’t be a fashion victim, says Jenny KeefeCase Study: Cherry Red RecordsArticle in fullWhat do Brazil, Boris Johnson, and Tiger Beer have in common? They are all, according to the Brandleaders 2004 survey, cool.Certain benefits, such ...
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Opinion
Guest opinion: Duncan Brown, assistant director general CIPD on bonuses
Duncan Brown from the Chartered Institute of Personnel and Development talks about bonusesArticle in fullUK average earnings growth resembles a cardiogram: steady flat periods followed by regular, short jumps. The upsurge each spring is explained by bonus payments, which accounted for 0.6% of the 4.6% earnings increase last year.Some 52% ...
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Analysis
The agenda for executive pay committees
Jamin Robertson finds accounting changes, shareholder activism and controversial rewards charting a bumpy executive reward seasonCase Study: BarclaysArticle in fullAutumn marks a complex time for remuneration committees (remcos) as they meet to chart executive-level pay packages. This year's annual general meeting (AGM) season saw top-level pay once again come under ...