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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Article
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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Article
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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Article
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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Article
Pensions supplement May 2007
Incoming PMI president shares his views on pensionsStrategies to manage final salary liabilitiesBack-to-basics guide to DC investmentsPensions scheme charges under the spotlightSponsors comment
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Case Studies
G4S Cash Services outsources its payroll
G4S Cash Services, part of security firm Group 4 Securicor, outsourced its payroll in 1997 while running complex admin for 9,000 staff.When the company decided to outsource, it opted to use a provider it had previously worked with. Gavin Carter, former payroll services manager at G4S Cash Services and now ...
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Case Studies
Danone offers staff learning and development accounts
Danone UK, the dairy arm of the company's food and drink business offers a learning and development account, alongside a wellbeing account, through its flexible benefits scheme.The accounts, which receive half-matched employer funding, were introduced this January.So far, a quarter of the 90 employees in the Danone Dairies division have ...
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Article
Schneider adds to its flex scheme
Schneider Electric has included a range of new benefits for the second year of its flexible benefits scheme to boost its appeal and add a health and wellbeing element.The new perks comprise a Denplan dental plan, a healthcare cash plan, salary sacrifice mobile phones, and the option to buy and ...
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Case Studies
Kwik-Fit Financial Services uses providers to limit admin burden
Kwik-Fit Financial Services, which employs around 840 call centre staff, is keen to limit the administration around its flexible benefits scheme.Elizabeth McVeigh, senior HR co-ordinator, explains: "We have had problems in the past where flex products have been an administrative burden, but having providers offering straight-forward and easy-to-use benefits makes ...
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Analysis
Tax and insurance advice for expats
Overseas postings can cause a lot of upheaval for staff, so they will appreciate good advice to help deal with issues such as tax and insurance, and make the transition smoother, says Alison ColemanMany years ago, long-term overseas assignments were few and far between, but as international operations have become ...
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Article
JLT appoints new benefits business development consultant
Jardine Lloyd Thompson Benefit Solutions has appointed Sunny Chauhan as business development consultant in its benefits division. He joins from benefits provider P&MM.†
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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 ...
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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
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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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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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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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
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
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 ...