All articles by System Administrator – Page 121
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Article
Choice Group brings in flex
The Choice Group has introduced a flexible benefits scheme for its 50 employees following a staff survey. As a result the events and travel management firm is salary sacrificing its pension scheme as well as offering benefits such as a home computing scheme, childcare vouchers and private medical insurance. The ...
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Article
Staff borrow task force
Finance firm the Funding Corporation has set up its own pensions task force to ensure that its young employees are not confused by their pension.The company, which provides motor loans and other personal loans to consumers, became so alarmed that its primarily 20-something staff did not understand the importance of ...
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Article
Publisher offers staff book sale
Penguin offered staff a Christmas book sale after distribution problems forced it to withhold its traditional 75% discount on Penguin titles. The publisher, which moved to a new warehouse and automated distribution system earlier this year, has experienced delays in book deliveries after suffering difficulties with software that matches orders ...
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Article
Public bodies lead charge in home PC plans
Top employers flocked to give staff the chance to get significant PC discounts in the run up to Christmas by introducing home PC schemes.A number of councils and other public sector organisations led the charge to set up the benefit.The City of Edinburgh Council introduced a scheme that gave 13,000 ...
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Analysis
Communicating benefits through line managers
With the popularity of flat hierarchies, the right communications pathways are crucial for front-line managers, says Alison ColemanCase study: Transport for LondonArticle in fullFor any internal workplace communication process to work, an organisation must have all of its line managers on board. This is especially true in the case of ...
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Analysis
Benefits and employee retention
Managing performance is vital if you've created great pensions and perks to stop your workforce bolting, says Peter WhiteCase study: The Football Association, Yahoo!Article in fullWhy are you introducing that splendid new benefits scheme?" asks the man with the quest for knowledge. "To aid recruitment and retention," replies the benefits ...
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Article
BBC purchases staff homes
The BBC is to purchase the houses of all staff whose roles will be relocated to Manchester in the next five years.The Guaranteed House Purchase Scheme, which will be run by a specialist relocation company, will buy employees' houses in London, which will allow staff to buy a new house ...
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Case Studies
Profile on Barnardo's employee benefits package
As most retirement schemes are being scaled down, Barnardo’s pension plan has proved a key weapon in their battle to recruit and retain talent, says Debbie LovewellArticle in fullIn business, there is often very little place for nostalgia. The desire to keep pace with a rapidly changing world means tradition ...
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Article
Buyer's guide feature - Employee assistance programmes
The costs associated with providing EAP coverage for your workforce appear to be tumbling, but quality issues may be a concern, says Edmund TirbuttArticle in fullFalling prices is a dominant trend in the employee assistance programme (EAP) marketplace. But this represents something of a double-edged sword.The average cost per employee ...
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Article
Asda wins award for sharesave plan
Asda was awarded a top prize for its sharesave scheme at ProShare's 2004 ceremony. The firm scooped the award for Most Effective Communication of a Sharesave Plan for a Non FTSE 100 company with over 10,000 employees.
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Article
Staff don't appreciate company pension schemes
Only 41% of employers thought staff appreciated their schemes and 67% were not optimistic about the future of workplace pensions. The survey also found that 68% of employers supported compulsion for occupational schemes. The Mellon 2004 Key pension issue survey is available online at www.mellon-hris.co.uk
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Article
Universal gives Apple kit discounts
Employees at the Universal Music Group have been offered huge discounts on Apple products following a deal between the two organisations. Staff at the record company's St James Square, London, head office can receive up to 17% off Apple products such as the iPod, the Powerbook and the iMac. They ...
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Article
Nomura uses V&A theme among staff
Nomura Group offered all of its UK employees free entry to the V&A museum during the end of last year. The international investment bank provided free tickets for staff and their families to attend the autumn exhibition 'Encounters: The Meeting of Asia and Europe 1500-1800'. Nomura also held themed competitions ...
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Analysis
Feature - Benefits in America
In the US, defined benefit plans have been closing to new members for the best part of two decades, as firms push 401k defined contribution plans, says Jenny KeefeIf you read nothing else, read this ...The most popular pension in the US is the defined contribution 401k plan.Defined benefit plans ...
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Article
Almost all organisations offer income protection
Over 98% of employers offer income protection insurance for employees. Some 98% of companies also pay sick pay and 93% provide life assurance. However, just 32% of workers polled said they were entitled to more proactive approaches to healthcare such as health screenings. For a copy of Gissings' Healthcare and ...
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Article
Accountancy firm sees home PC lift
PricewaterhouseCoopers has seen 600 employees take up PCs since it launched a home computing scheme two months ago. Carolyn Wilkinson, employee benefits senior manager at the accountancy firm, said that she felt the success of the scheme was down to good communication.
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Analysis
Feature - Pros and cons of the newest absence management scheme
Employee absence is endemic and is costing British industry nearly £600 per worker per year, but using medical services to patrol staff can backfire, says Jenny KeefeIf you read nothing else, read this ... The newest type of absence management scheme involves staff reporting illness to occupational health nurses who ...
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Article
EB comment - It's time to make staff obsess about salary saving
Everyone - government, employers, unions, staff and pensioners - is aware that we are facing a major pensions problem, and yet, for the most part, people are patiently sitting back and chatting among themselves in the hope that someone else will step in.Last month's report by the Employer Task Force ...
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Perks' costs top agenda in 98% of larger firms
Controlling the spiralling cost of benefits schemes is top of the agenda for multinational organisations.According to Towers Perrin's Worldwide Benefits Management Survey 2004, 98% of companies cited the expense of benefits as a major concern.Pension liabilities also loomed large with employers, with 87% saying this was a key issue.Some 86% ...
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Article
79% Expect to face DB funding woes
More than three-quarters (79%) of employers with final salary pensions expect to face future funding difficulties, according to the latest annual survey from the National Association of Pension Funds (NAPF).However, figures revealed that just 10% of final salary schemes closed to new staff in 2004, compared with 26% in 2003 ...