All articles by System Administrator – Page 20
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Strategies to win through
Remaining competitive, motivating staff and total reward strategies are key themes to be tackled by speakers at the largest benefits exhibition and conference in Europe - Employee Benefits Live.While the recession is a thread running through all the sessions, speakers will suggest ways to remain competitive, improve productivity, reduce absence ...
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Productivity warning
Rising employee stress caused by the recession will damage productivity, warned Will Cavendish, director of health and wellbeing at the Department of Health. Fear of redundancy is causing a rise in the destructive behaviours of some staff, including poor sleeping habits, over-emotional reactions, and a greater reliance on alcohol. Cavendish ...
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Call for global balance
Global benefits strategies must be flexible enough to reflect local cultures, said Debra Corey, senior director compensation and benefits for Europe, Middle East and Africa at Quintiles. This could result in some unusual benefits, she said. In India, for example, employers provided an allowance for staff to buy curtains, while ...
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Retirement age fear
Raising the retirement age will exacerbate the recession, global economist Roger Nightingale told summit delegates. It will expand the workforce, leading to downward pressure on pay. It might also lead to an increase in the supply of goods and services, but decreased demand because workers are unable to afford what ...
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Spotlight on total reward
In the current economic climate, total reward is coming under the spotlight as employers re-examine their motives for adding benefits during good times and the way variable pay has been used.Duncan Brown, director of reward services at the Institute for Employment Studies, said: "Some of the assumptions we have been ...
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RBS keen to invest in staff
Investing in employee reward is just as important in difficult times to help businesses recover, but they may come under public scrutiny for doing so, said Jim Cowan, senior consultant, remuneration and benefits at Royal Bank of Scotland.Speaking in an open forum at the summit in Monte Carlo, Cowan (pictured) ...
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Reasons to be equal
The Equality Bill reached committee stage last month, just days after the government shelved plans to allow fathers to take six months' paternity leave, blaming the recession for its u-turn.On the face of it, the Equality Bill looks more recession-proof than the paternity plans, with its main purpose being to ...
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Consultancy firms merge
consultanTS Towers Perrin, Forster and Crosby, and Watson Wyatt are to merge, creating a global firm, Towers Watson and Co.Towers Watson will focus its operations on three main areas: benefits, talent and reward, and risk and financial services. It will build on its existing thought leadership and research, supported by ...
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Pada targets 2012 myths
Leading reward professionals have a good understanding of the new pension obligations that will come into effect in October 2012.In an interactive poll during the opening keynote session, 20% of delegates said they were very familiar with their obligations, and 53% said they had a broad understanding but needed to ...
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Group Risk Supplement
Interview with industry body Group Risk Development (Grid)Getting the best value out of group risk strategyOffering high earners better life assurance schemeUsing the right absence management strategySponsor's Comment: Don’t put off group income protection until it’s too late
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Group Risk supplement
Interview with industry body Group Risk Development (Grid)Getting the best value out of group risk strategyOffering high earners better life assurance schemeUsing the right absence management strategySponsor's Comment: Don’t put off group income protection until it’s too late
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Detica add voluntary benefits package to their benefits offering
This article was supplied by our voluntary benefits channel sponsors, AsperityBusiness and technology consultancy Detica has chosen Asperity Employee Benefits to provide a tailor-made discount scheme for its 1400 employees in the UK, following a thorough tender exercise.The new scheme, Pick & Mix Extras, will run alongside the company’s flex ...
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Employee Benefits Awards 2009: Most effective use of a flexible benefits plan (Sponsored by Thomsons Online Benefits)
WinnerWhite & Case YouchooseThe judges were impressed with how the law firm went the extra mile to ensure it used its flexible benefits scheme to maximum effect. Since the scheme began in 2006, White & Case has sought employee feedback to identify how it can improve its offering, and has ...
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Employee Benefits Awards 2009: Most effective company car strategy
WinnerFujitsu Fujitsu Company Car SchemeThe judges liked Fujitsu’s holistic approach to fleet management. In 2008, the IT firm updated its company car strategy for its 6,600-plus drivers. Its aims were: to optimise whole-life cost savings through formula-controlled lease agreements giving total cost transparency; to expand the choice of makes available ...
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Employee Benefits Awards 2009: Most effective benefits strategy for working parents and carers (Sponsored by kidsunlimited)
WinnerCentrica Work:wise – Achieving the BalanceProject Martini (later renamed Work:wise) was launched to offer staff, irrespective of grade or statutory requirements, greater control over their work-life balance, while using office space more efficiently. The project’s original name aimed to promote a shift in thinking to “anytime, anyplace, anywhere” working. Also, ...
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Employee Benefits Awards 2009: Most effective all-employee share scheme strategy (Sponsored by RBC Corporate Employee & Executive Services)
WinnerLloyds Banking Group Lloyds TSB Group Sharesave SchemeThe judges praised Lloyds TSB Group for seizing the opportunity to take advantage of revised sharesave bonus rates issued by HM Treasury in September 2008 to make a one-off special offer to employees at a considerably lower, more attractive option price. The bank ...
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Employee Benefits Awards 2009: Most effective use of reward as part of a CSR strategy
WinnerAviva Helping You Make a DifferenceThe judges awarded this entrant top prize because of the simplicity of its wide range of strategies, its back-to-basics approach and the way it practises what it preaches. The insurance giant puts an emphasis on treating people as individuals, and the benefits and rewards aspect ...
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Employee Benefits Awards 2009: Most effective motivation or incentive strategy (Sponsored by Accor Services)
WinnerLadbrokes Football FrenzyThe judges were impressed with how Ladbrokes’ scheme fitted with the bookmaker’s culture and helped to engage staff with a key sporting area for the business. The judges also praised the reward programme for its well-thought-through communications and the element of fun it brought.The scheme, designed to drive ...
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Employee Benefits Awards 2009: Most effective use of a voluntary benefits plan
WinnerLloyds TSB Lloyds TSB Staff Offers (entered by Asperity Employee Benefits)Lloyds TSB’s voluntary benefits scheme was praised for the way it fitted into the bank’s wider total reward strategy. The scheme was launched to engage specific staff groups, such as those under the age of 30, and those who work ...
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Employee Benefits Awards 2009: Most effective application of tax-efficient benefits (Sponsored by Personal Group)
WinnerTD Waterhouse Investor Services TDWFlextraTD Waterhouse Investor Services was praised by the judges for its clear, comprehensive strategy, which uses the national insurance (NI) savings gained from offering tax-efficient perks via salary sacrifice to fund other benefits initiatives.Having run several tax-efficient benefits, including a share incentive plan and childcare vouchers, ...