All articles by System Administrator – Page 52
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Motivation - definitions - Team building
Team building exercises such as days out or weekends away can help encourage team bonding at the same time as improving staff motivation.These can either consist of work-related training or purely social events to encourage staff to bond away from the office and can result in better employee engagement.As well ...
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Motivation - definitions - Internal award ceremonies
These can be used to highlight employees’ achievements. Annual staff functions such as award ceremonies and parties can be offered tax-free up to a limit of £150 per employee per year.A recognition award via an internal award ceremony can be the culmination of an employee incentive scheme intended to improve ...
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Motivation - definitions - Online accounts or reward cards
These work in much the same way as vouchers, but employers can top up the value of employees’ rewards online.Technological developments have enabled several providers to launch credit-card style reward systems, which can be spent at only those outlets that accepts cards from the sponsoring payment provider such as Visa ...
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Motivation - definitions - Paper reward vouchers
Paper reward vouchers were introduced to the UK in the 1970’s. They have long been key to employee motivation strategies and are available for a huge range of products from groceries; household goods and retail items to activity and experience days.Employers can select which denomination they wish to award and ...
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International benefits - definitions - Contracting out
Employers are looking at ways to save costs by contracting out the administration of pay and benefits to an overseas operator. However, this practice is only just emerging and confidentiality issues are a consideration.
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International benefits - definitions - Relocation packages and housing
Relocation packages cover the cost of moving overseas and can also include a housing grant or free accommodation.
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International benefits - definitions - Flexible benefits
As globalisation continues apace and employees travel and work overseas more frequently, then comparisons between reward packages for the same job may arise. Many companies are looking at rolling out flexible benefits across borders to help standardise benefits provision where they can, although not all benefits can be replicated or ...
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International benefits - definitions - Benefits pooling
The trend towards globalisation is prompting larger organisations to leverage their purchasing power by pooling a particular benefit or service into one provider. However, not all benefits can be supplied in the same form by the same provider in every country.
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International benefits - definitions - Pensions and share schemes
These perks need to be examined closely where an employer is being posted overseas. Domestic tax legislation or the rules of the schemes may mean that it is not possible or cost-efficient for employees to continue to be members while posted abroad. The schemes themselves may also not be compliant ...
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International benefits - definitions - Travel insurance
Employers may decide to rely on travel insurance to provide healthcare cover for employees where they are regularly travelling abroad. However, they may find that where an employee has an ongoing condition this may not be covered.
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International benefits - definitions - Private medical insurance
This benefit is a must where employees are being posted overseas for any length of time. Given the variable standards of healthcare, depending on each country, it is worth investigating what degree of cover is recommended. Furthermore, employers may want to consider adding cover for family members if they are ...
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Healthcare & wellbeing - definitions - Subsidised gym membership
Many employers use their buying power to obtain cheaper monthly rates for staff at local gyms.
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Healthcare & wellbeing - definitions - Healthcare cash plans
A cash plan allows employees to seek treatment for ailments then claim the cost of the treatment back.Healthcare cash plans have a role to play in controlling employee absenteeism.Like Private Medical Insurance (PMI), cash plans are also popular with employees, are an aid to recruitment and retention, and to differing ...
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Healthcare & wellbeing - definitions - Employee assistance programmes (EAPs)
Employee assistance programmes (EAPs) are designed to provide information and access to counseling services on a range of issues, including stress.An EAP might offer A 24-hour helpline employees can call for confidential advice and some packages also include face-to-face counseling. They are often used as part of a stress and ...
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Healthcare & wellbeing - definitions - Health screening
A one-off health check to screen for potential health problems.
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Healthcare & wellbeing - definitions - Personal accident insurance
Insurance cover that pays out a lump sum in the event of an employee suffering an accident covered by the insurer.
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Healthcare & wellbeing - definitions - Private medical insurance (PMI)
Private Medical Insurance (PMI) is cover that allows employees to get private medical treatment.Employers can provide PMI as a perk or as a management tool to reduce sickness absence, or both.From an employers' point of view, private medical insurance offered to staff ensures they can avoid the waiting lists on ...
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Group risk - definitions - Long-term absence rehabilitation
Long-term absence rehabilitation is a service that provides employees who are off work for long periods of time with counseling and support to speed up their recovery and return to work
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Group risk - definitions - Critical illness
Critical illness cover pays a lump sum to an employee if they should suffer a critical or terminal illness.
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Group risk - definitions - Income protection
Group income protection provides replacement salary if someone is unable to work for 28 weeks or more, prior to this statutory sick pay rates apply. Many providers offer this salary replacement for set periods, such as five years.