All articles by System Administrator – Page 24
-
Article
The Future: from thought leaders: The year of the bull could be the year of the employee wealth plan
2009 will bring tools to enable staff to plan their future by managing perks in harmony, says Jamie Jenkins, head of employee wealth at Standard LifeThere is something strangely appropriate about the animals celebrated in recent Chinese years. Looking at the performance of stock markets around the world, the relative ...
-
Article
Don't let workers lose their balance
Attracting and retaining key staff is more important than ever in a recession, says Hertfordshire County Council's Alan WarnerIn times of economic hardship, should the soft fluffy stuff that HR normally promotes be ditched? Employees, after all, start thinking about 'a' job rather than 'what' job and turnover typically slows ...
-
Article
Shared vision for a profitable future
Current low share prices could result in significant gains for staff when schemes mature, says Ifs ProShare's Julie RichardsonDespite the onset of the credit crunch in 2007, increasing numbers of companies recognised the benefits of giving their staff the chance to take part in all-employee share plans, and dozens offered ...
-
Analysis
Optimise flexible benefits through segmentation
Targeting flex communications is increasingly important, says Lloyds TSB's Tim FevyerThere is a clear business benefit in offering more choice to employees. Tailoring packages to better meet the needs of a diverse workforce means that employers are better positioned to recruit, retain and engage the people they need to take ...
-
Article
Right way to avoid wrong choices
An effective pay policy depends on managing the risks associated with reward, says CIPD's Charles CottonGiven the current economic turmoil, the benefits industry may witness a shift in how reward professionals see the role of reward in the future. Rather than focusing on the potential and, in some instances, spurious ...
-
Article
Financial ignorance breeds panic
The economic events of recent months have shown without doubt that financial education is not only needed, but is a vital requirement, particularly about financial benefits such as pensions. For most of the 20th century, the majority of people who were members of an occupational pension scheme enjoyed the benefits ...
-
Article
The Protection gap must be bridged
Financial pressures and new legislation are spurring on an integrated approach to group risk perks, says Computacenter's Barry HoffmanThe words "mind the gap" are a familiar refrain for train travellers, a reassuring message of concern for the welfare of everyone, regardless of status. But a far more worrying gap is ...
-
Article
Risk-sharing approach could spread
The private sector can learn from the public sector's risk-sharing approach to DB pensions, says the DOH's Tim SandsThe impending death of defined benefit (DB) pensions in the private sector is often the subject of media reports. Employee membership of private sector DB pension schemes fell from 3 million in ...
-
Article
Money is not the best compensation
Job satisfaction and good management are far greater motivations than pay for employees, says UCL's Adrian FurnhamMoney has great demotivational power. Pay has only the power to upset, never to promote engagement or satisfaction. It also comes way down the list of factors that make people happy at work. Few ...
-
Article
Find out what your staff really want
Consulting with employees will produce an appealing array of voluntary benefits, says Heinz UK's Ken HorrocksMost companies acknowledge that benefit schemes can make all the difference when it comes to engaging and retaining the best staff. Where employers are planning to review their perks in the future in order to ...
-
Article
Dual approach will inspire staff best
Employers need to address extrinsic and intrinsic reward to motivate staff fully, says Punch Taverns' Anthony YorkAlthough a motivated and driven workforce is essential for all companies, many employers do not consider fundamental concepts or the theory behind workplace motivation, which is either intrinsic or extrinsic.Employers wanting to maximise employee ...
-
Article
Company cars still have far to go
Despite potential threats to its future the company car is here to stay, says Buckingham University's Peter CookeEver since the business car achieved eminence following the great pay freeze, the winter of discontent and the three-day week of the 1970s introduced by former Prime Minister Edward Heath, commentators have claimed ...
-
Article
Benefits options in a virtual world
Technology needs to guide staff to the most appropriate benefits options, says RBS Group's Jim CowanI have long held the view that a well-structured benefits programme can increase the value of perks for employees. Going forward, technology will have an increasingly important role to play in improving the customer experience, ...
-
Article
The Future: from thought leaders: Flying benefits management to the moon is not rocket science
This article is brought to you by SBC SystemsReward is lagging behind other departments in use of technology and it is time to catch up, says James Markham, MD of SBC Systems (UK)Flying to the moon is not an objective for most benefits managers. But it was technology that got ...
-
Article
Take action to prevent absence
Employers should look beyond the basics and make healthy workplace interventions, says Grimsby Institute’s Peter BarnardWhat will be the nature of work in 25 years’ time? A number of factors will undoubtedly influence the working environment including technological advances, increasing scarcity of resources and the work demands of generations X ...
-
Article
The Future: from thought leaders: New-look packages for a changing business climate
Downturn may force employers to redesign their benefits packages, says Diane Buckley, managing director of group protection at Legal & GeneralThe environment in which employee benefits operate has changed dramatically over the past few years. Surprisingly, this has had little impact on scheme design so far, and many still operate ...
-
Article
New Ways to engage with staff
It is now vital to use the latest communication technologies, says the Financial Technology Research Centre's Ian McKennaIn the current economic climate there is a distinct risk that employees will fail to understand the cash equivalent value of the total remuneration and benefits packages they receive.†Despite the difficult times, several ...
-
Article
The Future: from thought leaders: Special offers can work wonders in selling benefits to employees
This article is brought to you by Hymans RobertsonEmployers must sharpen up to get the message across on perks, says Helen McArthur, senior communications consultant at Hymans RobertsonBOGOF is a high-impact acronym often used by retailers to grab the attention of consumers and engage them with their products. So what ...
-
Article
Towards a happier environment
Education and new legislation will be key to helping staff plan for retirement, says Sony UK's Tina OdeliOn average, a third of our adult life will hopefully be spent in retirement. This should be a special time when employees can sit back and enjoy the rewards they feel they deserve ...
-
Article
The Future: from thought leaders: Design dc pensions to succeed
This article is brought to you by AXASteps can be taken to make DC pension schemes more effective, says Alan Millward, head of workplace distribution for corporate benefits at AXAAre defined contribution (DC) pensions destined to fail? If we examine the needs of members and sponsors of DC pensions it ...