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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Article
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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Article
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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Article
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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Article
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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Article
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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Article
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
Push pensions' value
This article is brought to you by our sponsor AXA.Providing a staff pension scheme should be seen as a valuable benefit that helps to recruit and retain people within a business. However, pensions have a mixed reputation and engaging employees on the subject of growing old can be quite challenging. ...
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Article
Smokers less productive at work
More than half (59%) of employers believe that staff who smoke are less productive than their non-smoking colleagues because they typically take regular breaks from work. Just under three-quarters (74%) of employers are also more likely to recruit a non-smoker over a smoker, according to Employer perceptions of smoking in ...
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Case Studies
Richmond Housing Partnership offers performance related pay
Richmond Housing Partnership (RHP) is a housing association that offers performance-related pay (PRP) to all of its staff.Alison Henderson, RHP's human resources manager, says: "The aim of the PRP scheme is to reward individual performance and actively engage employees in achieving goals."Everyone at the South-West London social housing association has ...
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Case Studies
McNicholas' holiday trading scheme proves popular
McNicholas is on to a winner with its holiday trading scheme. When the Hertfordshire-based engineering firm carried out its annual survey, it found buying and selling leave was the most popular benefit.Lindsay Blackman, former HR director at the firm, says: "Staff are positive about the [holiday trading] scheme and wish ...
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Analysis
Are you getting a return on your pensions plan?
For employers, calculating the return on their investment in pensions is not clear cut, but they can take steps to limit costsIt is an almost impossible task to prove that a pension scheme is worth offering. The best that can be achieved is a body of evidence which, as a ...
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Article
How to get reward right
AN organisation's goals should influence business strategy and link to performance indicators before rewards are put in place.In the session Linking reward programmes to business strategy and profitability, Keith Nash, HR director at Europe at recruitment consultancy Badenoch & Clark, explained that employers should ask key questions when putting a ...
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Article
Towry Law surveys staff as precursor to flex review
Towry Law has carried out an employee engagement survey to find out what its 600 staff want from their reward package.The results will be used to drive a review of the company's benefits offering, scheduled to begin this month.Richard Higginson, reward manager at the IFA firm, said this is expected ...