All articles by System Administrator – Page 56
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Case Studies
Henkel automatically enrols staff in its defined contribution pension scheme
Consumer products group Henkel takes a behavioural approach to encouraging employees to save more towards their retirement.The company, which manufactures and markets brands such as Schwarzkopf and Pritt Stick glue, gives staff a prod in the right direction by automatically enrolling them in its defined contribution scheme.Paul Ryan, HR operations ...
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Article
UK workforce backs pension auto-enrolment
Nearly two thirds (64%) of UK workers are in favour of pensions auto-enrolment, according to research by B&CE Benefits Schemes, which supplies benefits to the construction industry. Only 14% of staff said they would not be able to afford a monthly contribution of 4% of their salary, as proposed as ...
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Case Studies
Honda assesses staff illness and rehab
The Honda motor plant in Swindon has a comprehensive process for assessing the ability of employees to work and for rehabilitating them in the event of injury or illness.The Honda motor plant in Swindon has a comprehensive process for assessing the ability of employees to workThe process starts with a ...
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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 ...
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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
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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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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Article
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
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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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
In-laws can be relatives under extended Flexible Working regulations
The definition of relative under the Flexible Working (Eligibility, Complaints and Remedies) Regulations 2002 has been extended to include carers' son-in-laws and daughter-in-laws.The regulations, which were extended to offer the right to request flexible working to carers of adults in April this year, originally omitted both sons and daughters-in-law from ...
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Article
Pensions - definitions - Group personal pension (GPP)
A group personal pension is when an employer makes an arrangement with one pension provider or financial adviser to offer personal pensions to a group of employees. A GPP is a contract-based defined contribution scheme. Each employee has a separate contract with the pension provider or adviser, but the contributions ...
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Article
Financial education - definition - Worksite marketing
This is another way of providing staff with access to information about financial products. This is where providers sell their products through the workplace directly to staff. A number do so through voluntary benefits schemes, for which employers pay an annual subscription fee.
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Case Studies
Direct Communications uses online fleet risk tools to improve safety
Walkie-talkie supplier Direct Communications has used online fleet risk tools to improve safety, and to reduce the number of accidents and the cost of insurance.It needed to improve standards after two company cars were written off and four others were involved in incidents in 2005.Fleet manager, Gavin Bailey, explains: "The ...
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Article
Childcare - definitions - Emergency childcare
Employers are increasingly providing emergency childcare. This can be as basic as providing staff with access to telephone numbers for nurseries through an employee assistance programme, right through to providing access to a nursery.Providing emergency child care can help to reduce absence or leave being taken at short notice.Providing access ...
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Article
Childcare - definitions - On-site nurseries
On-site workplace nursery schemes are supplied by employers to offer working parents another affordable childcare option. Child care vouchers may be used to pay for this facility.Because of the capital expenditure involved in providing onsite child care nurseries, it is an option that tends to be more suitable for larger ...
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Article
Childcare - definitions - Childcare vouchers
Childcare vouchers are a flexible and tax-efficient way to cover child care costs for the employee.Employees can agree to sacrifice up to £55 a week or up to £243 a month from their pre-tax salary for vouchers redeemable at any approved childcare provider. The employee makes tax and national insurance ...
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Article
Cars and fleet - definition - Personal contract plan
A personal contract plan (PCP) is a type of employee car ownership scheme that allows an employer either wholly or partially to sacrifice the responsibility for the company car and offers employees the opportunity to have a vehicle under similar conditions to the company car. Under a personal contract plan, ...
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Article
Cars and fleet - definition - Outright purchase
This is when an organisation actually buys the company car, usually in bulk for discounted deals, and loans it to employees. In this instance, employers are responsible for the administration and will also have to ensure, subject to employee contracts, that the car is adequately maintained, fit for purpose and ...
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Article
Cars and fleet - definition - Contract hire
Contract hire is where a company hires a car from a car leasing company for a determined period of time and for an agreed monthly cost, and the car leasing company deals with the fleet administration.Contract hire leasing schemes are often thought to remove the responsibility of running the fleet ...