All articles by System Administrator – Page 32
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Article
New law alters IP plans
The Welfare Reform Act 2007, designed to reduce the number of people claiming incapacity benefit and encourage the long-term absent back into the workplace, is set to have a key impact on employers seeking income protection (IP) insurance.The legislation, which received Royal Assent in May, is prompting some providers to ...
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Article
Experts predict 2012 pensions admin hike
Some 89% of employers surveyed at the Employee Benefits Summit this month said that they expected to face added admin complexity in relation to personal accounts.This, and the planned contribution structure, would mean that the government's new pensions system - aimed at increasing individual retirement savings - will dramatically increase ...
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Article
Why tackle stress?
Apart from duty-of-care considerations there are a host of reasons why employers should take steps to tackle stressLeaving stress unchecked can escalate costs for an organisation. Not only will it have implications for productivity, attendance and staff turnover but, if allowed to run rampant, it can also result in legal ...
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Analysis
What is stress?
Stress is seen as a blight to British industry, and while it is not a medical condition it can lead to all manner of health problemsStress is often regarded as one of the major occupational diseases of the modern world. It annually accounts for millions of lost working days and ...
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Article
Stress management policy
As well as showing staff that your organisation plans to prevent stress, it needs to document how it will help potential sufferersFormalising an approach to tackling stress with an occupational stress management policy is a good way to show a commitment to tackling stress in the workplace.Vanessa Sallows, underwriting and ...
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Article
Tools to manage stress
Perks such as employee assistance programmes can be a valid first step in helping to control and limit stress in the workplaceAs well as taking steps to acknowledge and identify stress, it's also sensible to have measures in place to manage and control it when it does occur.An employee assistance ...
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Article
How to identify stress
It is vital for employers to identify stress in the workplace and one of the simplest ways to pinpoint problems is to audit employeesIdentifying stress, and the potential for it to occur, is key to keeping employees healthy and productive and safeguarding an organisation from stress-related tribunals.Running a stress audit ...
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Article
Three Valleys Water use reward statements as first step to flex
Three Valleys Water has issued staff with paper total reward statements as the first step towards implementing a flexible benefits scheme later this year.The company hopes the move will increase recruitment and retention levels by reminding staff of the value of the benefits that are available, including bonuses, holidays, cars ...
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Article
McDonald's extends total reward statements
McDonald's has extended the reach of its paper-based total reward statements to include the first level of area management — one level above restaurant staff.Last year, the fast food chain sent statements to 110 senior managers in the UK, and with the extension to area managers the number of statements ...
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Article
Reward Matrix offers new employee survey
Reward Matrix, the voluntary benefits provider, is now offering employers an online or paper-based survey to measure the impact of new benefits on staff engagement. The survey takes 15 minutes to complete and asks employees about their personal values and any new benefits they may appreciate. From their answers, Reward ...
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Article
Is HM Revenue and Customs scrutinising incentive schemes?
HM Revenue & Customs (HMRC) is reviewing the tax paid by employers on incentive schemes, according to an industry insider from a motivation provider.The source told Employee Benefits that HMRC has extended the scope and boosted the frequency of investigations of employers running incentive plans. But, HMRC has denied this.The ...
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Article
Sponsor’s comment by Legal & General: Stress perks in health plan
This article is brought to you by our sponsor Legal & General.Over the last decade, stress, and the way we manage it, has become an increasingly important issue. We are all under increasing pressure both at work and at home, and while it is now generally more acceptable to admit ...
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Article
Case studies
Case study: Coventry Building Society Coventry Building Society employs 1,300 people across the Greater Midlands region including at three head offices in Coventry. A couple of years ago it overhauled its employee benefits programme to help look after the health of its workforce.Tina Jones, HR project manager at Coventry Building ...
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Article
Carlsberg reviews perks
Carlsberg has consolidated its cash plans and reviewed the range of perks on offer, adding new options and launching a benefits portal to allow access to relevant information in one place.Employees now have the option to buy and sell two days of annual leave each year, take retail vouchers and ...
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Article
Suzanne Laverick leaves Cadbury for Southco
Cadbury employee benefits manager for the UK, Suzanne Laverick, is joining engineering hardware firm Southco as its new compensation and benefits manager for Europe. She said: "I'm looking forward to broadening my knowledge within the compensation and benefits arena in Europe. This is a great opportunity to build upon the ...
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Article
Thomsons Online Benefits launches tool to monitor perks' spend
Thomsons Online Benefits has developed an online data collection service that helps employers monitor their spending on perks.The service, Dashboard, is exclusive to Thomsons Online Benefits' clients, and offers a clear idea of which perks are being used by staff. It is the latest product to be launched from the ...
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Article
VT Group moves voluntary benefits in-house
Defence and support services firm VT Group, has brought its salary sacrifice and voluntary benefits in-house and rebranded the scheme in company colours.VT claims it will now be able to monitor take up of perks by its 6,500 eligible staff. The benefits on offer include holiday trading, bikes for work, ...
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Article
Auto-enrolment legal
The European Union has ruled that it will be legal for employers to auto-enrol staff into a contract-based defined contribution pension scheme, removing a key obstacle to UK government plans for pensions reform in 2012. Employers will not now be prevented by the European Distance Marketing Directive from auto-enrolling staff ...
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Article
The law around long-term absence
Limiting legal liabilities becomes ever harder, but group income protection can be a safeguard against long-term absenteeismNo one wants to have an employee off work long term as a result of stress. But, if it does happen, it's essential that employers abide by their legal obligations or the situation could ...