All articles by System Administrator – Page 67
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Article
Property firm launches total reward statements
Commercial property consultancy, Lambert Smith Hampton, has launched total reward statements with Jelf Group to help its 950 staff understand the value of their package. It has also launched voluntary benefits. Keith Jones, HR director, said: "In some cases, [staff] were probably not fully aware of the benefits they received ...
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Article
News International prints reward statements
News International Newspapers has introduced total reward statements for its 3,800 employees to underline the value of its benefits package.The company, which publishes titles such as The Sun and The Times, distributed paper statements in November ahead of launching an online system this month.Charlie Kerrigan, head of HR support services, ...
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Article
Share scheme - definition
Share schemes are a valued benefit among staff and can also help to tie employees into the company and make them work harder to help raise the company’s share price. Share plans that can be offered to staff include:Company Share Option Plan (also known as Csop)Share incentive plans (Sip)Sharesave plans ...
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Article
Occupational pension - definitions
An occupational pension scheme is a retirement savings plan provided by an employer for its employees. Staff who are members of a company pension plan benefit from a favourable income tax and national insurance (NI) break on contributions. The defined benefit plan (final salary) used to be the most popular ...
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Article
Pay, bonuses & reward - definitions
Many organisations determine rates of base pay through benchmarking according to the relevant industry. Pay may also be variable and dependent on productivity and performance.Bonuses can also be awarded on the basis of individual, team or departmental performance.Base payEqual payNational Minimum wagePerformance-related pay
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Article
Staff motivation - definitions
Motivating employees is vital if employers are to achieve maximum performance and productivity. There are a wide variety of methods available for motivating staff, at prices to suit all budgets. These range from recognising employees' achievements by simply saying 'thank you' to more complex schemes which combine set targets with ...
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Article
International benefits - definitions
Managing benefits on a global basis is complex due to different tax and employment legislation rules in different countries around the world. Each country has its own statutory benefits, while local employers will offer staff perks based on local wage and employment demands.†This complexity is heightened for international reward managers ...
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Article
Group risk - definitions
Group risk benefits are designed to protect and insure employees and their families in the event of long-term illness or death while working for an organisation. Next to the pension, group risk benefits such as life assurance (a type of death-in-service benefit), group accident insurance, income protection (also known as ...
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Article
Flexible benefits - definitions
This is a formal plan run for a set contract period whereby staff can opt into or out of employer-paid benefits, select employee-paid benefits or take cash. This is not the same as voluntary benefits which are discounted products made available through the employer and the contract is between employee ...
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Analysis
Affinity schemes offer employers vehicle buying power
Through affinity schemes, employers can use their bulk purchasing power to negotiate discounts from manufacturers or through leasing companies, says Vicki TaylorIf you read nothing else, read this ...Affinity car schemes allow employees to purchase discounted cars through their organisation or a leasing company.Deals come at little cost to bosses ...
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Case Studies
Childcare on offer at Cancer Research UK
Cancer Research UK tested childcare vouchers on a pilot group of 12 staff in April 2005 after the tax and national insurance exemption on vouchers up to £50 a week was introduced. The tax-exempt limit has since been raised to £55 and the charity now offers the benefit to all ...
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Case Studies
John Lewis Partnership offers childcare to staff
The John Lewis Partnership (JLP) has offered childcare vouchers since April 2005. It has recently added a feedback facility for the scheme to its intranet for John Lewis and Waitrose staff.Gill Bowler, implementation manager of benefits projects at the partnership, says the feedback forum has revealed that employees are generally ...
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Article
Benefits communication - definitions
The communication of benefits is becoming increasingly important as organisations begin to realise that staff do not always understand the value of their benefits packages. Various methods can be used and tailored to meet different workforce demographics, these include: email, posters, leaflets, seminars, presentations, staff meetings, line managers, text messaging ...
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Article
Childcare and carers - definitions
Employers have a number of different options open to them in order to create a family-friendly workplace for working parents. A childcare voucher system is an obvious choice, providing parents with a tax-efficient means of paying for child care. Some employers even have their own workplace nurseries or offer access ...
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Article
Benefits Administration - definitions
Benefits are administered in a variety of ways, from Excel spreadsheets, through payroll systems, bespoke benefits technology and even all-encompassing HR information systems (HRIS). Benefits can either be administered in-house by the benefits or HR team; outsourced to a third-party provider which can supply the technology and administer the scheme(s) ...
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Case Studies
Rugby Football League offers health perks to staff
The RFL is the governing body of Rugby League in the UK, and administers 450 clubs and 40,000 players. It employs 85 staff that referee, administer and help develop the sport.The RFL offers a private medical insurance policy, an employer-paid LHF healthcare cash plan and a bikes-for-work scheme. About 90% ...
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Case Studies
AA revamps flexible benefits under new ownership
The Automobile Association (AA) was in the opposite position to PwC when its owner, Centrica, sold the vehicle recovery organisation to two private equity firms in 2004.In its first year of operation, the AA stuck with the status quo and continued with the flexible benefits scheme (and provider) Centrica had ...
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Case Studies
Senior management support has helped City of York Council drive absence down
The City of York Council cites an absence management system and support from senior management as the reasons behind its reduction in sickness absence levels from 13.5 days per employee recorded between 2004 and 2005 to 12.5 days between 2005 and 2006.Stephen Forrest, HR business development manager, explains: "The scheme ...
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Case Studies
Consensus offers staff PMI after six months service
London-based recruitment consultancy Consensus automatically provides staff with access to a private medical insurance (PMI) scheme after six months' service. Two years ago, its premium increased sharply. After looking around, managing director Martin Tyrrell, found a cheaper premium with extra health and wellbeing benefits added in. "Most PMI (policies) are ...
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Case Studies
Boots increases levels of communication around merger with Alliance Unichem
High street chemist, Boots, merged with Alliance Unichem in August 2006.Stephen Lehane, director of HR and organisation development at the newly-formed Alliance Boots, explains that communication with all employees was key even though no redundancies were made as a result of the merger. "Human beings' normal behaviour is to be ...