All articles by System Administrator – Page 39
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EC Harris pools multinational cover
EC HARRIS plans to implement a multinational pooling arrangement for its life assurance and income protection benefits so that each of the organisation's subsidiaries will band together to run the schemes as a single global vehicle.The property consultancy pooled these benefits in the UK and Ireland in January, with a ...
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DC service levels differ
Only 56% of contract-based defined contribution (DC) schemes have a service level agreement (SLA) with their scheme administrator compared with 84% of trust-based DC schemes. Watson Wyatt's FTSE 100 Defined contribution pension plan survey shows that 91% of trust-based plans have investment monitoring, compared with only 33% of contract-based schemes.
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Law firm Simmons uses feedback to tailor perks
Simmons & Simmons has introduced holiday trading and a cycle-to-work scheme, and is planning further benefits later this year, in response to feedback from a staff survey.It is implementing the perks in order to better tailor benefits to suit the individual lifestyles of its 850 eligible employees.In early January, staff ...
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Law goes up in smoke
Employers in England are still not fully complying with the ban on smoking in workplaces and company vehicles, according to the Department of Health.It has issued more than 6,646 warning letters to employers for not displaying the right signage in vehicles and workplaces since the ban was introduced last July.Companies ...
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Guide to welfare law
Legal & General is providing employers with a free guide to the Welfare Reform Act 2007. The Welfare Reform Bulletin outlines the legal changes that will be introduced in October and the effect these will have on group risk products. Under the new law, staff will find it harder to ...
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Lloyds TSB to move total reward statements online
LLOYDS TSB is planning to move its total reward statements online, and simplifying and re-branding existing paper statements to help employees better understand the benefits on offer.The bank is concerned that its existing paper statements contain too much information, making them confusing for its 65,000 staff.To make the information clearer, ...
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Staff value training perk
QUALIFICATIONS awarded by employers will boost staff motivation and retention and provide a benefit that is attractive to new joiners, say HR experts.McDonald's, Flybe and Network Rail have been given the power by the Qualifications and Curriculum Authority (QCA) to award their own qualifications to staff.John McGurk, skills adviser at ...
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Buyer's Guides
Buyer's guide to corporate Isas (July 2012)Buyer's guide to financial education (July 2012)Buyer's guide to voluntary benefits platforms (June 2012)Buyer's guide to childcare vouchers (June 2012)Buyer's guide to private medical insurance (May 2012)Buyer's guide to pension modelling tools (May 2012)Buyer's guide to group income protection (April 2012)Buyer's guide to corporate ...
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Cars and fleet - definition - Fleet risk assessment
An audit of all the risks affecting a company car fleet. This includes checking that drivers have valid drivers licences and regular eye tests through to driver training and reviewing whether all journeys are necessary.Full details of a risk assessment
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Cars and fleet - definition - Company car tax
Company car drivers have to pay benefits tax based on the new list price of their car and its carbon dioxide emissions. Some employees prefer to receive a cash allowance in lieu of a company car. They are then liable for NI and income tax on this amount instead.
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Cars and fleet - definition - Company car
A company car is a car provided to an employee as part of their reward package. In most cases company cars are provided because the employee needs it in order to carry out their job. In some cases, a car is provided as a perk of the job for private ...
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Cars and fleet - definition - Fuel card
Fuel card act like credit cards that can only be used for fuel. Employers which provide these to company car drivers are able to use the related paperwork to track purchases, mileages and tax due.
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Herbert Smith provides care
Herbert Smith has launched a fully-funded emergency childcare and eldercare service to help staff balance their work and home life.The service assists the law firm's staff in locating and paying for nursery places, childminders and nannies at short notice. They can also source emergency care for elderly dependants to help ...
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Cars and fleet - definition - Perk driver
A perk driver is an employee who is given a company car or car allowance with no expectation that they will use their car for business. The car is simply for private use (although it can be used on business) and is a ‘perk’ of the job.
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Two-thirds of private cars found to be unsafe
Two-thirds of private vehicles driven on employer business are not safe, according to the Vehicle monitor survey conducted by fleet management firm Total Motion. Some 5,734 company and privately-owned vehicles used for business were inspected last year and nine-out-of-ten (91%) of the drivers admitted to failing to make basic vehicle ...
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Scottish and Southern Energy implements financial education
Scottish and Southern Energy has held a month-long programme of financial education to help staff get up to speed with their personal finances.Workshops were organised in one-day stints across key locations in the UK, including power stations and call centres, with up to four sessions a day taking place at ...
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The coming year will see us hang on Revenue's every word
Amanda Wilkinson, editor of Employee Benefits: As each year turns, compensation and benefits specialists are faced with adapting their benefits strategies to comply with new pieces of legislation. Two years ago there was pensions tax simplification to deal with, and a year ago, age discrimination.This coming year is no exception. ...
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DSGi increases voluntary benefits offering for staff
Retailer DSG international (DSGi), owners of Currys and PC World, has launched a new voluntary benefits scheme for its 26,000 UK-based employees and is considering rolling it out internationally later this year.The new scheme was launched following the withdrawal of DSGi's previous provider HBOS from the voluntary benefits market and ...
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Confessions of a benefits manager
Candid: I love new year and the chance to start over, and I am quite determined that this year will be different. I'm not talking about turning over a new leaf here; more like chucking over a forest. This year, I want to be better, slimmer, and more successful. This ...
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Hammonds surveys staff on perks
Legal firm Hammonds has conducted an online survey of employees receiving perks via its flex scheme in order to find out if the options on offer are valued.The firm has had a flex scheme in place since 1999 but is concerned that the perk, and the way it is communicated ...