All articles by System Administrator – Page 54
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Article
Benefits Administration - definitions - Payroll systems
Payroll software that allow employers or payroll providers to process pay information for workforces. Payroll systems is becoming increasingly sophisticated as it has to cope with large amounts of data that changes weekly or monthly – from flexible working hours, leave booked, absence calculations, tax credits, a variety of taxes ...
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Benefits Administration - definitions - Outsourced administration
A third-party administrator does the administration of benefits on behalf of an employer. Outsourcing employee benefit administration, gives human resources more time to concentrate on strategy behind employee reward.In the employee benefits market, pensions administration has been the most popular employee benefit to outsource because it can be cumbersome to ...
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Benefits Administration - definitions - Online holiday booking
Online holiday booking allows employees to access their holiday entitlement records and to request annual leave online. Managers can then approve or reject requests online using the holiday planner software., holiday softwareThis employee holiday planning software enables managers and HR to manage leave electronically and to identify patterns or potential ...
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Benefits Administration - definitions - Online administration
Administering benefits via the internet, where the software is held by a third-party administrator. Employee benefits administration services can include flexible benefits and voluntary benefits.
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Benefits Administration - definitions - Intranet
A network based on TCP/IP protocols (an internet) belonging to an employer, accessible only by employees.An intranet's websites look and act just like websites on the internet, but the firewall surrounding an intranet prevents unauthorised access.The intranet can give employees access to self-service benefit administration software including information on benefits ...
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Benefits Administration - definitions - In-house administration
This is when the benefits are administered by the employer (usually the HR department), rather than outsourced to an external benefit administration company. The employer may use benefit administration and payroll software to help in this task.
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Benefits Administration - definitions - Human resource information system (HRIS)
Software system used by human resource departments to administer all aspects of personnel from sickness absence records and payroll to staff performance and holiday management.Some systems include benefits administration, while others allow employers to plug in stand alone benefit administration software (including flexible benefits and voluntary benefits systems).
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Benefits Administration - definitions - Financial calculators
Financial calculators (see also pension modellers) allow employees to calculate the value of their own benefits, pensions and share options. In the case of pensions and shares the calculators are able to predict the value of the benefit in the future based on varying investment performance. These financial modelling tools ...
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Benefits Administration - definitions - Enterprise resource planning (ERP)
ERP software systems integrate key business processes of organisations into a single software system that allows information to flow seamlessly throughout the organisation.ERP includes the integrated planning of a workforce to meet the business plan. This requires the same information (sales forecasts, actual orders, sickness absence records etc) to be ...
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Benefits Administration - definitions - Absence recording
Absence can be recorded electronically or on paper. Increasingly large numbers of employers are implementing systems that allow employees or their managers to record sickness absence themselves.This is usually done through a self-service system online (via the company intranet or secure internet site). This type self-recording software relieves the HR ...
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Article
Financial education - definition - Financial education
This is factual information about the benefits or services on offer in the workplace, which simply helps employees to understand them. Employers can either provide this in-house or employ a third-party provider to design and carry out a financial education programme for their organisation.
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Employee Benefits Awards winners 2007
National Express, McDonald’s Restaurants and Siemens were among the many winners at the Employee Benefits Awards 2007 which was held at the Park Lane Hilton Hotel, London on June 8. By clicking on each of the categories below you can find out the names of the winners and finalists. You ...
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Article
Home Office amends pensions plan
The Home Office and other government departments are moving from a defined benefit (DB) to career average pension scheme and increasing their retirement ages from 60 to 65 years from 1 July.The move, which comes after a two-year consultation with trade unions is intended to reflect the UK's ageing working ...
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Article
P11D filing date nears: 6 July
Employers must ensure they have returned their P11D and P11D(b) forms to HM Revenue & Customs (HMRC) by 6 July.The forms detail all the expenses, payments and benefits that an organisation has offered to each employee earning more than £8,500 in the past 12 months. Payments, expenses and benefits made ...
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Article
Half of DB plans could be ring-fenced by 2011
Half of the defined benefit (DB) schemes offered by employers could be closed to future accruals by 2011, treble the 14% of DB schemes that have been to date. Projected pension surplus research†by Aon Consulting, also showed that 29% of employers running DB schemes plan to make changes to the ...
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HR Solutions International goes live on absence tool
HR Solutions International has launched an online absence management programme aimed at employers with limited HR resources.HR People enables employers to record sickness absence online and measure its cost to their business.Employers can use the system to produce a range of standard reports including charts and financial reports. The data ...
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Article
Flexible hours take lead in latest raft of benefit additions
Over the past six months, 15% of employers hiring managers have introduced flexible hours as a benefit for their employees.One in every 10 employers in this group has also introduced extra holiday to help staff achieve a good work-life balance, according to the Spring 2007 Robert Half UK employment index.A ...
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Staff desires are also key in rewards and benefits
Business results are an important consideration when determining a reward and benefits strategy but employees' desires are also key.Speaking at the HR Solutions Conference's Beginners guide: benefits and reward strategy for the HR generalist, Leslie Moss, principle reward consultant at Hewitt Associates, said that external influences on any strategy include ...
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Case Studies
British Antarctic Survey's staff enjoy a range of benefits
While Captain Scott battled diminishing rations, inadequate clothing and a leaky ship, today's polar explorers have it somewhat better.British Antarctic Survey (BAS) staff enjoy a raft of perks, including 30 days annual leave and a defined benefit pension scheme, plus state-of-the-art bases equipped with on-site gyms and chefs. Fiona Brazil, ...
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Article
Asperity expands perks offering with RewardFocus
Asperity Employee Benefits has added a new element to its voluntary benefits product that enables options to be tailored to suit employees' personal profiles and preferences.The free add-on, called RewardFocus, will be automatically added to existing schemes, as well as new ones that are taken out.Staff who want to take ...