All articles by System Administrator – Page 62
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Case Studies
Anglian Water opts to make total reward statements annually
Utility company, Anglian Water, first issued hard-copy total reward statements to its 4,000 employees in 2005 and has decided to provide them annually. The firm did this because it had introduced a number of new benefits over the last few years, but felt that these changes were not visible to ...
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Article
Few alternatives for staff reaching lifetime allowance limit
Nearly three-quarters of employers have not offered an alternative pension or other benefits to employees affected by the lifetime allowance limit brought in under pensions simplification legislation in April 2006. Buck Consultant's fourth annual Key pensions issues survey 2006 also found that, of the 27% of respondents that have made ...
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Article
Training aids retention worldwide
Globally, 73% of employers believe training is the best way to boost staff retention. According to the International workplace survey conducted by recruitment specialists Robert Half International, a further 37% view career development programmes as a key retainer, while 31% rate financial compensation. Training courses are most widely favoured in ...
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Article
Oracle's benefits chief takes on benefits in Europe, Middle East and Africa
Oracle's benefits chief for the UK, Chris Wilson, has taken on a new position with the software company as benefits director for Europe, Middle East and Africa (EMEA). Wilson will be responsible for more than 55 countries across the region. Alison Pettitt, who was previously compensation and benefits consultant, EMEA, ...
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Article
Staff status could affect tax and NICs
Employers that use workers sourced through an employment agency or which use staff who class themselves as a managed services company (MSC) could be pursued for outstanding tax and national insurance contributions (NICs) under debt transfer rules.The draft legislation, which will form a new chapter in the Income Tax (Earnings ...
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Article
Mitsubishi UFJ adds bikes to flexible benefits scheme
Mitsubishi UFJ Securities International is to add a cycle-to-work scheme to its flexible benefits plan which is entering its second year. Glenn Coleman, compensation and benefits manager at the financial services company, said: "We are just in the throes of nailing down additional things for this year. There will be ...
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Article
Housing Corporation adds green perks to voluntary benefits
The Housing Corporation is to add environmentally-friendly perks to its voluntary benefits plan.Green benefits have been requested by staff and will include a cycle-to-work scheme and discounts on magazines written on environmental issues. Information on green cars and eco-friendly travel will also be included online.Ian Sanders, reward consultant at the ...
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Article
The 2007 awards finalists
The finalists of the Employee Benefits Awards 2007 are unveiled below. The winners of each category will be announced at a gala lunch on 8 June at The Park Lane Hilton that will honour the best of the best for their hard work and ingenuity. To reserve a place download ...
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Article
Employers must ensure they use new fuel rates
Employers should ensure that they are now using the new advisory fuel rates, which came into effect on 1 March.These apply where employers reimburse employees for business travel in their company cars or where staff repay the cost of fuel used for private travel.The rates now range from 6p per ...
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Article
Cost control is key for smaller fleets
The most popular question asked by managers of small company car fleets of leasing brokers is how to reduce running costs, according to 89% of brokers surveyed on the issue by the Network Broker Forum. At the other end of the scale, just 11% of brokers said they perceived small ...
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Article
Employees split over caring for company cars
Almost a quarter of employees (24%) believe that the financial risk associated with switching to a personal vehicle would be the worst thing about losing their right to a company car.According to Risk and reward 2007 by fleet provider Alphabet, a further 20% felt that the hassle of maintaining their ...
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Article
British Legion plans to offer childcare vouchers
The Royal British Legion plans to offer childcare vouchers to its 1,000 employees by April. Alison Solomon, assistant HR officer, said: "We've had a few enquiries and requests, and thought it was a good thing to do."
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Article
Employee Benefits Fleet Research 2007
The surveyAttitudesWhat’s on offerHealth & safetySponsor’s comment by Masterlease: Grass roots data is catalyst for fleetsThe surveyOur survey was carried out in January 2007. We received 309 replies from Employee Benefits readers and users of www.employeebenefits.co.ukWho are the respondents?KEY FINDINGS51% manage their fleet in-house.31% say cars will always be part ...
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Confessions of a benefits manager
Candid: This is the last time I travel anywhere, and certainly the last time I fly with the least-loved airline. Mind you, this trip started off well enough. I prepared everything ahead, even to the extent of reading the new hand-baggage instructions and printing out my own boarding pass. It ...
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Trustees may face DB worries
The Pension Regulator's draft guidance on the abandonment of defined benefit (DB) pension schemes could place trustees in a difficult position.The paper Abandonment of defined benefit pension schemes, which is under consultation until 9 February, is aimed at explaining to trustees how to recognise plans that could be affected.In it, ...
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Article
British Airways revamps its voluntary benefits
British Airways has revamped its voluntary benefits plan by moving responsibility for it away from its benefits team to its sports and social club.The airline has also outsourced its administration, enabling it to increase the number of discounts offered to employees from 50 to 1,200, while maintaining all the perks ...
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Article
Men more likely to take up share plans
Male employees are far more likely to participate in employee share plans than their female colleagues.Just under three-quarters (73%) of share plan participants are male, while just 27% are female, according to HBOS Employee Equity Solutions' Employee share ownership plans, financial education, and savings behaviour research, which was carried out ...
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Article
More employers are taking a strategic approach to reward
Employers are increasingly taking a strategic approach to reward, with 35% having done so, so far. A further 40% plan to adopt a strategic approach in the coming year.The sixth annual Reward management survey by the Chartered Institute of Personnel and Development (CIPD) also found that 41% of respondents have ...
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Article
Study shows managerial pay rises
The average UK manager currently receives a salary of £31,289, which is an increase of 4.4% in basic pay in the last 12 months. According to Croner Reward's Management rewards survey 2006, managers in central London are the highest paid, receiving an average salary of £36,210, which is 15.7% above ...
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Article
Reward head for ROK Group
Rok Group, a building, development and maintenance company, has appointed its first dedicated reward leader.Richard Sadler joined from PES Consulting, where he advised a number of firms, including Rok. He previously held the role as reward manager for shoe firm Clarks International. Sadler said he intends to focus on benefits ...