All articles by System Administrator – Page 129
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More than one-in-four employees would prefer a stable retirement plan instead of a monthly bonus.
And a further 15% would prefer an increase in their holiday allowance. Other popular alternative employee benefits included receiving a company car and working from home. For more information on the Robert Half Finance & Accounting Financial Hiring Index contact Neil Jennings on 020 7562 6500.
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EB Comment - Beware of benefits that sacrifice the lower paid
Not only will the differential between their pay and the minimum wage shrink, or disappear altogether - unless their wages are also hiked by about 8% - but they could fall below the minimum wage if they are taking part in any salary sacrifice schemes. There have been clear warnings ...
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News update - Honda restates health benefits
Honda UK has re-communicated its health benefits to staff after changing its healthcare broker.The car and motorbike manufacturer renewed its medical insurance scheme in September.David Tugwell, compensation and benefits specialist, said this was the ideal time to remind staff of their benefits. "The aim is to communicate what [staff have] ...
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Feature - Benefits in New Zealand
If you read nothing else, read this ... There are few tax incentives in New Zealand for employers to provide employee benefits packages and corporate-sponsored pension schemes are on the decline as a result. Any company perk is subject to fringe benefit tax, so the cost to the company ...
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Feature - Name your benefits price
In summaryVoluntary benefits can either be installed free of charge or for a fee. However, itÂ’s not as simple as choosing the package that is cheapest; employers need to be able to offer a service to employees that they trust. We look at the variety of different voluntary benefits providers ...
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Feature - BeginnersÂ’ guide to pensions
In summaryPensions are not an easy subject to grasp. We give a basic overview of all the different options available to organisations in plain English; looking at final salary schemes, money purchase schemes, stakeholder pensions and group personal pension schemes. Article in fullPensions can be a minefield for the most ...
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News update - Bank uses flex to offer choice
Merrill Lynch has launched a flexible benefits scheme to meet the needs of its diverse workforce.The investment bank has several different demographics on its payroll, from top executives to admin staff and new graduates, and believes the new online scheme offers choice.Spokesman Nigel Webb said the plan would give staff ...
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Feature - Banishing work stress
In summaryStress is becoming a more pertinent issue for organisations and may are coming round to implementing ways to control the problem. We look at ways of helping employees get through stressful times as well as condense Health & Safety Executive guidelines that could have an effect on corporate liability. ...
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News update - Labour looks to alter paternity pay
The government has included a number of significant new employment rights in its third-term manifesto. It aims to increase pay for paternity leave, from a maximum of £102 per week to 90% of earnings, bringing it into line with maternity pay. It also hopes to increase the paid maternity period ...
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News update - Airbus wins Cisco Euro Challenge
Airbus has the best corporate action team in Europe after it won the Cisco Euro Challenge, beating IBM, Vodafone and the Rugby Football Union. The event - held in the Bavarian Alps - pitted teams over a series of mental and physical tasks. The aircraft manufacturer took part in events ...
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Feature - Getting valuable advice when choosing benefits
In summaryHow can employers be sure they are getting the best deal when shopping for a new employee benefits package? How attractive the offer is to staff is important, as is the cost, but we look at how organisations can make sure they are getting the best benefits deal possible. ...
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News update - Retailer Next changes actuaries
Next has changed its actuaries for the first time since it set up its pension scheme 50 years ago. The high street retailer, which closed its final salary pension scheme in 2000, has appointed Watson Wyatt to take over its actuarial and consultancy services.
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News update - Virgin get populous acclaim
A British online poll places Virgin as the company that people would most like to work for with McDonald's being the least popular. The survey, collated by communications consultancy CHA, also found that over 50% were proud of the organisation that they worked for. Two-thirds of respondents were happy to ...
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Stakeholder schemes now offered by 60% of firms
Some 60% of employers in the UK offer a stakeholder pension - according to the Confederation of British Industry's Employment Trends Survey 2004.This comes as the number of organisations with final salary pension schemes is dropping; 30% of employers allowed employees to join one in 2004 compared with 43% in ...
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Only 6.3% of job advertisements mention pensions
And just half of these adverts specified the type of pension available. The survey, by the Trades Union Congress, showed that employers are unnecessarily turning away potential workers by leaving out vital benefits information. To download a copy of the TUC advice pack, visit http://www.worksmart.org.uk/pensions/infopack.pdf.
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Events update - Awards 2005
Employee Benefits is inviting employers across the UK to enter the Employee Benefits Awards 2005.If you feel that the work you and your team have done to provide effective benefits to staff deserves recognition, then this is your chance to shine in front your peers. Making it as a finalist ...
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Share Schemes supplement 2004: News
HBOS scoops hat full of awardsEdinburgh-based banking group HBOS has won a string of international awards for its share schemes.Most recently it won 'Best European all-employee share ownership plan 2004' at the European Centre for Employee Ownership's 16th Annual conference in Cannes.The bank offers share plans to 68,000 employees in ...
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Share Schemes supplement 2004: Cover story - Staff can feed from peaks and troughs
Implementing an approved share scheme across your workforce requires an abundance of time - not simply the three months that Inland Revenue experts recommend for obtaining tax approval. Such consents are in fact the last pieces of the jigsaw that can see employers take as long as a year to ...
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Share Schemes supplement 2004: Accounting rules - Plans prepare to bear standard
There are just a few months to go until the biggest accounting change to hit share schemes in several decades comes into effect. The International Accounting Standards Board (IASB) published new rules for the treatment of employee share schemes on 19 February this year. The rules, known as FRS 20, ...
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Share Schemes supplemet 2004: Stakeholder - Bearing transfers in mind
Very few of us would turn down the opportunity to cut our tax bills. This year's Finance Bill gave employees the opportunity to do just that with a clause entitled the "Transfer of certain shares to be treated as payment of contribution".Put simply, this means that, from April 2006, employers ...