All articles by System Administrator – Page 58
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Article
Employee Benefits Research 2007: Evaluation and attitudes
There is little point in devising a comprehensive benefits package and spending large amounts of money providing perks to staff without evaluating the effectiveness of the benefits strategy. But less than half (41%) of employers actually do so. Larger organisations with more than 10,000 staff are the most likely to ...
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Employee Benefits Research 2007: Flexible benefits
DefinitionFlexible benefits: a benefits package where the employer pays for all the benefits, but the employee can choose from a menu of benefits. The employee will have a set budget to use and, depending on the scheme’s rules, may be able to switch into or out of benefits, or trade ...
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Employee Benefits/JP Morgan INVEST Benefits Research 2007: Strategy
How reward strategies impact on employer organisationsImpact of benefits strategies†To some extentTo a significant extentIt helps improve staff motivation/productivity62%20%It engages staff in the organisation62%18%It is an effective recruitment tool57%32%It promotes work-life balance56%24%It is an effective retention tool55%32%Employees clearly understand our benefits strategy55%30%It is flexible enough to meetchanging business conditions/needs55%25%It encourages ...
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Employee Benefits/JPMorgan Invest Benefits Research 2007
The aim of this study was to find out which benefits UK employers are offering to their staff and how these are delivered. We wanted to find out the impact of the benefits strategies employers use and the issues that shape them. We also wanted to identify the key decision-makers ...
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Case Studies
GNER rolls out salary sacrifice
GNER offers a range of benefits through salary sacrifice arrangements and was keen to add a tax-efficient NCP car parking scheme to its package.This was perceived to be of significant benefit to staff because it has a number of employees who work unsociable hours and so are unable to travel ...
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Article
Exclusive research: staff motivation linked to productivity
Employee engagement and motivation linked to productivity have taken on a new importance over the past three years. This is according to the results of the Employee Benefits/JPMorgan Invest Benefits research 2007, published in the Benefits Book 2007.Benefits are now thought to impact on these areas to some extent by ...
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Article
Employee share scheme returns can be submitted online
Employee share scheme returns, which have to be filed annually for each separate approved plan offered to staff, can now be submitted online.The Employee Share Schemes (Electronic Communication of Returns and Information) Regulations 2007, which came into force last month, allow companies to report to HM Revenue & Customs (HMRC) ...
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Article
Public sector training funds are down
More than half (52%) of public sector employers report a cut in funds available for training, with just 10% expecting to see an increase in the next year. But according to the Learning and development survey 2007 by the Chartered Institute of Personnel and Development, over three-quarters of voluntary sector ...
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Article
Obesity is a divisive issue
Nearly two-thirds (63%) of managers believe that employers have a responsibility to speak to an employee about their health if they feel that their productivity is being affected. Just 36% of managers who themselves are very overweight or obese, however, agree this is the right thing to do.More than half ...
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Article
Ernst & Young designs health website
Ernst & Young has begun designing a health website in order to provide its 114,000 employees with a single source of information around health and wellbeing perks.The website, branded Energy, will include details of the company's existing employee assistance programme, gym membership scheme, and health assessment programme, as well as ...
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Article
Matching pensions contributions unused by staff
Nearly 40% of employees do not take advantage of the matching pension contributions offered by their employer. According to the third annual Investment/DC choices survey by DC Link, staff could be missing out on contributions of up to 5% per year.A further 20% of employees in defined contribution (DC) schemes ...
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Article
US CEO pay and compensation rise
The average base salary for chief executives in America increased to $995,000 from $975,000 in 2006, according to the Mercer Human Resource Consulting 2006 CEO compensation survey. It also showed that 25% of CEOs did not receive a pay increase last year. Median total cash compensation packages, which comprise total ...
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Case Studies
Center Parcs replaced trust-based pension with GPP
Cost was a key concern when holiday company Center Parcs decided to close its trust-based pension scheme and replace it with a group personal pension.Tim Parker, the company secretary, says: "We wanted to keep cost to a minimum without sacrificing quality of investment. Many of our 6,000 staff are part-time ...
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Article
Emergency Care launches online eldercare service
Emergency childcare provider Emergency Care has launched an online eldercare service.The website, which can be found at www.emergencycare.co.uk, helps employees source emergency care for elderly dependants, so providing staff with a greater flexibility in managing their work and home lives. The website uses a database of experienced, trained and referenced ...
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Case Studies
Skipton Building Society offers staff stakeholder pension
Skipton Building Society offers its employees a company-sponsored stakeholder pension from Norwich Union. It recently ran a national roadshow to encourage staff to increase their pension contributions from the previous minimum of 0.5% to at least 3%, and take a more active interest in the scheme performance by monitoring it ...
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Case Studies
Bristol University shifted to permanent contracts
The shift from fixed-term to permanent contracts can clearly be seen by the experience of Bristol University.Just over two years ago around 99% of its 1,100 research staff were on short-term deals. Now this figure is around 48%, according to the personnel manager for policy development Christian Carter. Fixed-term contracts ...
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Article
Thomsons helps staff get maximum value from benefits
Thomsons Online Benefits has developed a new range of products branded Intelligent Reward, to help employers ensure staff gain maximum value from their benefits.The first product to be launched from the range is its Campaign Manager software programme, which enables employers to target benefits communications to specific areas of their ...
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Case Studies
BSkyB bosses offers staff green benefits
BSkyB offers a host of green benefits for staff as part of the organisation's environmental strategy, the Bigger Picture.Under one initiative, it issues carbon credit cards to employees onto which it loads points for environmentally-friendly acts of behaviour, such as walking or cycling to work. This can then earn them ...
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Article
Part-timers claim over bank holiday fails
Employers that do not give part-time employees pro rata days off to reflect bank holidays may not be held as discriminatory under the Part Time Workers (Prevention of Less Favourable Treatment) Regulations 2000.The case of McMenemy v Capita Business Solutions heard at the Court of Session in Scotland found the ...
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Article
Metalrax Group seeks sharesave approval
Metalrax Group is seeking shareholder approval to launch a new sharesave plan to its 1,600 employees.The specialist steel product supplier will seek the go-ahead at its annual general meeting on 3 May, with a view to launching a scheme between September this year, and January 2008. It will be the ...