All articles by System Administrator – Page 65
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Article
Asperity launches voluntary plan
Employee discount provider Asperity Employee Benefits has launched an online voluntary benefits scheme called Reward Gateway.The package offers employees access to discounted products from 1,200 retailers, alongside a cash-back service, which enables employees to earn varying amounts of money depending on how much they spend and at which retailers.This cash ...
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Article
Aon launches pensions indemnity
Aon has launched a pensions security indemnity product (PSI) to offer staff increased security around their pension schemes. Should an organisation become insolvent, Aon will cover the cost of its pension obligations up to a pre-agreed limit. PSI products act as an alternative to letters of credit, which are an ...
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Case Studies
John Lewis Partnership's profit based annual bonus
For the past 10 years, John Lewis Partnership has paid an annual partnership bonus of between 9% and 22% of annual salary.The bonus is based on profits for the trading year beginning each February, and is determined by the organisation's partnership board. After any capital is held back for reinvestment, ...
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Article
New codes put pensions on alert
Employers are advised to work with their pension trustees to ensure they understand two new codes of practice from the Pensions Regulator.The codes - Member-nominated trustees and directors and Internal controls - came into effect in November, and place a new set of requirements on trustees.The first states that at ...
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Article
Advertising managers leaders in pay stakes
Advertising managers have received the largest salary increase in the marketing, media, new media, advertising and design sector in the past 12 months, with an average rise of 8.8%. In the coming year, however, managing directors are expected to receive the largest increase in the industry, with a predicted rise ...
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Article
PPF admin levy costs could spiral
The administration levy that employers are required to pay towards the costs of running the Pension Protection Fund (PPF) could rise by almost 50%.The PPF was established to pay compensation to members of eligible defined benefit pension schemes should an employer become insolvent and has insufficient assets to cover members' ...
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Article
City and Islington Council tackles absence
City and Islington Council has launched an occupational health scheme to help deal with long-term sickness absence among its 1,100 employees. Its current total absence rate stands at around 4%.Through the service, the council is able to refer employees to an occupational health consultant at provider Health Management from the ...
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Article
Employee Benefits/Towers Perrin Flexible Benefits Research January 2007
The surveyAttitudesWhat's on offerAdministrationSponsor's comment by Towers Perrin: Flexing upThe surveyOur survey, which was carried out in November 2006 among readers of Employee Benefits and users of www.employeebenefits.co.uk, received 579 responses. The study concentrates ont the responses of employers which offer a traditional flex plan that is communicated as a ...
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Article
BBC to close in-house nurseries
The BBC is to close its in-house childcare nurseries over a three year period due to a reallocation of funds.The move will save the broadcaster more than £1million. Although staff pay discounted rates for places, the nurseries are heavily subsidised by the BBC to the tune of £5,000 per child.The ...
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Analysis
New flexible working laws
Benefits SurgeryEmployer's query: I've heard that there are new rights coming in to request flexible working, what will our obligations be?Since April 2003, the parents of children under the age of six years (or 18 years if disabled) have had the right to request to work flexibly to enable them ...
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Article
Employers under pressure to be environmentally friendly
Employers have come under increasing pressure to become more environmentally friendly, following a series of government reports.The Stern review on the economics of climate change published in October, was followed by the Eddington transport study last month, which recommended a nationwide system of road pricing. In addition, a Climate Change ...
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Article
Legal support for drivers offered by Miles
The Miles Consultancy has launched a legal support service for company car drivers. Its TMC Driver Protect product offers drivers 24-hour telephone support from qualified solicitors in the event of a road accident, and legal representation should the matter be taken to court.Through the telephone helpline, solicitors will be able ...
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Article
Do parents know the real value of employer supported childcare?
This article is brought to you by Accor Childcare Vouchers.Childcare Vouchers are the most popular form of employer supported childcare in the UK, and with a tax and NI exemption of up to £55 per week, parents can save up to £1,195 per year on the cost of their childcare.But ...
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Article
HM Revenue & Customs launches childcare vouchers
This article is brought to you by Accor Childcare Vouchers.HM Revenue & Customs (HMRC) has launched a scheme to provide its 100,000 staff across the UK with Accor Services Childcare Vouchers.Employees have a choice of either paper or electronic vouchers and access to a helpline for emergency childcare in case ...
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Case Studies
PricewaterhouseCoopers has introduced a pilot emergency childcare system
Professional services firm PricewaterhouseCoopers introduced a pilot emergency childcare scheme for staff in five of its offices in May 2006. The pilot, which is running for an initial 12-month period, provides staff in London, Birmingham and the East Midlands, Manchester and Edinburgh with access to five free days of emergency ...
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Article
Charteris launches childcare vouchers
Charteris has launched a childcare voucher scheme this month following employee requests for the perk.The professional services firm has also added details about the benefit to its online platform, which was launched last October.The company is now assessing the options available to it around flexible and voluntary benefits schemes.Barry Hoffman, ...
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Article
HM Revenue pilots childcare calculator
HM Revenue and Customs (HMRC) is piloting an online calculator to help employees ascertain if they will be better off financially by taking child tax credits, or childcare vouchers offered by their employer. Its calculations are based on how many children employees have parental responsibilities for, how many hours they ...
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Article
The backlash to benefits for working parents
This article is brought to you by Accor Childcare Vouchers.Lynne Currer, product manager - Childcare Vouchers at Accor Services considers the growing resentment towards family-specific benefits and advises employers on managing the backlashThe cost of a typical full-time nursery place in England has increased by more than 27 per cent ...
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Article
Acas settles on childcare vouchers
Acas, the organisation that aims to prevent and resolve workplace disputes, has launched childcare vouchers and a bikes-for-work scheme in response to staff requests. Gill Cook, reward manager, said it expects a take up of between 2%-3% for the childcare voucher scheme.
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Article
Employers are split over EAP priorities
Less than half of employers (43%) currently offer an employee assistance programme (EAP) to their staff, while a further 5% plan to introduce one in the next year.Some 52%, however, have no intention of providing an EAP for employees, according to the Employee Advisory Resource’s Employee wellbeing survey 2006. This ...