All articles by System Administrator – Page 126
-
Article
News update - Taxi shares to trade Ebay-style
Radio Taxis has introduced a share trading system for its employees after it became a private limited company in the summer.The London taxi company set up the scheme - similar in operation to auction website Ebay - after it gave a number of its drivers 1,000 shares.Although initially only 1,400 ...
-
Article
News update - DC doesn't help staff save
A startling 56% of employers offering defined contribution (DC) pension schemes accept that their contributions will not provide an adequate pension for staff and half of them are not willing to do anything about it.The Employee Benefits/Barclays Pensions Research 2004 highlights that the occupational pension system in the UK needs ...
-
Article
Feature -The growing popularity of group critical illness insurance
If you read nothing else, read this ... Insurers require a minimum number of lives, so consider take up if critical illness is offered through a flexible or voluntary benefits plan. Make sure employees understand how a group policy may differ from a privately held one, especially with regard ...
-
Article
Eastern European men are retiring earlier than EU counterparts.
They can claim their state pension two-and-a-half years earlier than their Western counterparts. The difference for women is even greater, some five years. In Eastern Europe the average state pension age is 62 for men and 59 for women, compared to 65 and 63 in Western Europe. For a copy ...
-
Article
News update -Council to show value
Islington Council has launched a communication to help staff understand the value of their perks.It has also introduced an employee assistance programme (EAP) and a number of voluntary benefits. Richard Hill, director of customer focus at the London council, explained that the EAP was introduced to make sure staff could ...
-
Article
FEature - The continuing popularity of pensions
If you read nothing else, read this ... Pensions remain a popular benefit among employees. Employers acknowledge their importance by contributing to them and replacing the schemes they close with equivalents. Contributions to pension schemes are not subject to national insurance (NI). Alternative saving schemes are paid out of ...
-
Article
Events news - Companionship sways retirement
Barnardo's staff are working longer and retiring later as they crave companionship. Graham Brown, pensions manager at the charity, said a large proportion of its 6,500 employees were continuing with work because they met other like-minded folk. He added that this has had an extremely positive effect on the organisation.
-
Article
EB comment - Are we marring pensions with provider influence
However, our annual pensions research (available from the Research section), shows that when it comes down to it the vast majority of our readers would prefer to offer pensions than cash (only 11% said they would prefer to ditch their pension scheme and increase salaries instead). This is despite the ...
-
Article
News update - HSE helps firms combat stress
Employers are being encouraged to take stress at work seriously on National Stress Awareness Day, which is being held on 3 November. They can attend workshops organised by the Health & Safety Executive and the International Stress Management Association.
-
Article
News update - Recruitment firm funds charities
Staff at recruitment consultancy Eden Brown helped raise significant funds for breast cancer at the end of October. Staff at the firm's six offices got out their favourite pink outfits to raise money for Cancer Research UK to help the charity improve treatments.
-
Article
News update - Building society staff help charities
Staff at Yorkshire Building Society have raised £4,000 for charity. Its Corporate Business department, which ran a tombola of gifts donated by its corporate clients, split the money between Bradford Royal Infirmary and an NSPCC outdoor play facility in North Yorkshire.
-
Article
Events news - Flex bounces post-merger
A flexible benefits scheme helped HBOS to harmonise its benefits package across its businesses.The bank first introduced flex prior to its merger with building society Halifax to create an equitable benefits package for its Bank of Scotland, Capital Bank and Bank of Wales employees. The scheme then helped to harmonise ...
-
Article
FTSE bosses enjoy final salary despite closing DBs
Despite the large numbers of employers closing their final salary pension schemes, the majority of chief executives and finance directors are in their organisation’s DB plan. KPMG’s 2004 Survey of FTSE 100 Directors’ Compensation shows some 62% of chief executives and 78% of finance directors have a defined benefit pension ...
-
Article
Events news - Travel firm game proves a big hit
STA Travel changed employee behaviour and boosted staff performance with its Girls and Boys incentive scheme. Rob Hartley, area sales manager and Stu Booy, telesales manager at the student travel company, said that the scheme was tailored to suit its young workforce. Ten winners were given £1,000 to spend in ...
-
Article
Message influences benefits gratitude
Controlling costs and ensuring that packages are fair and transparent are two of employers' main reward objectives.Almost 80% of employers intend to take a holistic approach to managing their reward package in the future. In addition to salary and benefits, this will also take account of factors such as the ...
-
Article
Feature - Reinvigorate your benefits package
In summaryLeaving your benefits offering unchanged for a number of years can mean it ends up drastically out of step with the needs of your staff. However, making sudden changes to remedy this can cause further problems, where even undervalued perks, when taken away, can cause uproar. Gradual updating of ...
-
Article
Feature - Profile of ClearChannel Entertainment's benefits package
In summaryClearChannel Entertainment is a booking agent and music and theatre venue manager, with around 3,500 staff, only 650 of whom are permanent. Benefits on offer include an on the spot recognition scheme which goes on to annual awards ceremonies at local national and international level, voluntary benefits, pension scheme ...
-
Article
Buyer's Guide feature - Voluntary benefits
Historically a range of providers have served the voluntary benefits market. They include those that sell specific products face-to-face in the workplace; companies selling financial services and other lifestyle products to employees directly over the internet; and independent firms which put together bespoke packages for clients and help them communicate ...
-
Article
UK Employers pay the second highest level of sickness benefit in Europe.
Employees in Britain take home 74% of their normal net pay when they are ill for six months. This equates to 61% of employer-provided benefit and 13% of social security but staff in the Netherlands receive 100% of sick pay from bosses. Some countries such as Estonia and the Czech ...
-
Article
Feature - Benchmarking your benefits
In summaryKeeping a eye on what your competitors are offering staff makes good sense, but new legislation means that caution should be exercise when forming networking groups exchange benefits information, for fear of price fixing allegations in terms of salary packages.Many consultants provide benchmarking surveys, which can be used to ...