All articles by System Administrator – Page 36
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Article
Employee Benefits Health & Wellbeing Senate 2008, London
To view a presentation from the Health & Wellbeing Senate which was run by Employee Benefits magazine and held in London on 2 April 2008, please click on the 'Download' link next to the speaker name below.The role of employee engagement in promoting wellbeing, increasing productivity.Dr Olivia Carlton, head of ...
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Article
The Health & Wellbeing Senate
2 April 2008Organised by Employee Benefits MagazineNOW FULLY BOOKEDEmployee health and wellbeing is a key business strategy as employers strive to increase productivity and drive down workplace absence. A well workforce is an energetic, engaged one. To match this, current thinking on workplace health and wellbeing is changing and is ...
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Analysis
Tax break around pensions advice divides opinion
The tax break on independent pensions advice worth up to £150 per employee a year may seem appealing, but does it go far enough, asks Stephanie SpicerStaff are increasingly looking to their employers to provide them with information about their pension scheme. However, communicating the way a pension works is ...
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Article
Welcome flexes car options
Welcome Financial Services is launching a cash allowance scheme for senior staff who are eligible for company cars and introducing an option for other drivers to trade up or down model grades, both through its flexible benefits scheme.It is also introducing holiday trading into its flex scheme so staff can ...
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Article
Case study: Siemens uses modelling tools for pension education
Technology giant Siemens made extensive use of modelling tools last year when it moved from an array of final salary pension schemes to a defined contribution pension plan and took steps to standardise the way pension contributions were calculated.The change affected around 6,000 of Siemens UK's workforce, which numbers over ...
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Article
Clarks reviews fleet
Clarkes reviews fleetShoe manufacturer Clarks International is planning a "root and branch" review of its company fleet scheme to ensure it is consistent with company policies on the environment, and health and safety.The firm also wants to benchmark its traditional company car and cash allowance car schemes against those offered ...
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Article
Financial education supplement
Otto Thoresen on his review into generic financial advice Focus on delivery as much as cost in delivering financial educationModelling tools help staff to understand perksTax break around pensions advice divides opinionSponsor's commentFinancial education is such an important issue that the government last year commissioned Otto Thoresen to review the ...
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Article
Manslaughter laws loom
Employers have been urged to make sure that their fleet policies and practices comply with the Corporate Manslaughter and Corporate Homicide Act 2007, which comes into force on 6 April 2008. The new legislation will make it easier for employers to be prosecuted in the event of fatal accidents involving ...
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Article
Confessions of a Benefits Manager
Candid: Big Bad Boss has been whisked away to work on a special mentoring project in the US. I don't know who thought that one up, because they must be mad. What Big Bad Boss knows about mentoring could be summarised in one very short sentence: zero. His idea of ...
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Article
Personal accounts means-testing review
The government has committed to an investigation into the impact of means-testing benefits on the planned personal accounts.Many have criticised the plan to auto-enrol people into a national pensions savings scheme while means testing exists, as those on low incomes who have saved for retirement could fail to benefit from ...
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Article
Fall in across-the-board annual pay rises
Almost half (46%) of organisations no longer award staff an across-the-board annual pay rise or cost of living adjustment, according to the Annual reward management survey from the Chartered Institute of Personnel and Development. The survey also reveals that three-quarters (75%) of employers use a combination of individual performance, market ...
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Article
Government goes ahead with 'non-dom' charge
The government is to press ahead with introducing a £30,000 annual charge on non-domicile tax payers who have been resident in the UK for more than seven years, but says individuals will not now have to reveal details about their financial affairs outside the UK.Employers of "non-doms" have been campaigning ...
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Article
Andrew & Co appoints June Parker
Law firm Andrew & Co has appointed June Parker as HR director. Parker joins from tyre manufacturer Vacu-lug, where she was HR director for four years. She said: "I'm keen to get into a strategic role and see greater opportunities in the legal sector to achieve business goals and add ...
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Case Studies
Case Study: Atkins
Case study: AtkinsEngineering consultancy Atkins is trying to clean up its act by persuading staff to switch to green cars. Last year, the company began rewarding workers who pick cars with carbon dioxide emissions of less than 160g/km.Iain Willetts, head of reward, says "We want to encourage those colleagues entitled ...
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Article
BAA eyecare for VDU users
BAA has introduced eyecare vouchers for its visual display users (VDU) in all seven of its UK airports. The company, which employs 14,000 staff will provide eyecare vouchers to VDU users at Heathrow, Gatwick, Stansted, Southampton, Aberdeen and Edinburgh.Staff requiring an eye test will be provided with an employer-funded voucher ...
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Article
DB buyout market soars
The value of the insurance buyout market for defined benefit (DB) pension schemes demonstrated dramatic growth in the last quarter of 2007. According to Aon Consulting's most recent Quarterly buyout market survey, the number of cases placed in the last quarter of 2007 (75) was similar to the other three-quarters, ...
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Article
Cadbury in green push
Cadbury Schweppes is offering staff incentives to sign up to bikes-for-work and printing leaflets promoting flexible benefits on recyclable paper, as of part a company-wide green initiative.Suzanne Laverick, UK benefits manager, said: "With flexible benefits, our research has shown people want to take something home to discuss with families. However, ...
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Case Studies
Case study: Unilever
Case study: Unilever sets clear objectives for planUnilever UK, which closed its final salary pension scheme to new employees in January 2008, has clear objectives for the plan.At the same time, it also reduced the minimum amount by which it increases pensions in payment from a 5% cap to 3%. ...
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Case Studies
Case study: Travis Perkins Group
Case study: Travis Perkins Group enables staff to build perksThe Travis Perkins Group enables staff to take up childcare vouchers, payroll giving and a cycle-to-work scheme through a salary sacrifice arrangement.However, the firm decided to adopt its own term, 'salary exchange', to describe tax-efficient benefits. Claire Williams, group reward manager, ...
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Case Studies
Case study: KCOM
Case study: Telecoms firm KCOM boosts take up with messagingYorkshire-based IT and communications service provider KCOM Group has just under 3,000 staff based around the UK and, last November, won an ifs ProShare award for the effective communication of its employee share scheme.Having run sharesave schemes and a share incentive ...