All articles by System Administrator – Page 80
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Analysis
Employees barter for better benefits
Opening up negotiations to some elements of the perks package can help employers to clinch key staff, but its impact on the rest of the workforce should not be overlooked and overall flexibility can benefit all, says Victoria FurnessCase study: MourantArticle in fullFamous for a stiff upper lip and ability ...
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News update - Bank gives cash sums
JP Morgan is to provide cash payments in lieu of further pension contributions for employees with funds in excess of the standard lifetime allowance, which is currently set at £1.5m.Rupert Terry, head of European compensation and benefits, said only a few employees were currently affected by the new pension rules ...
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Article
Friends Provident offers staff work life balance tools
In a bid to boost service and productivity levels Friends Provident is offering employees access to Wellkom's self-diagnostic work-life balance and wellbeing tools with follow-up coaching.The trial of Workwell is taking place among the new business development teams based at the pension and insurance provider's Manchester and Salisbury offices. If ...
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Article
Backbenchers urge bosses over healthcare services
Many members of Parliament (MPs) believe that employers should be encouraged to provide occupational health services for staff - according to a survey by Axa PPP Healthcare and business research agency BRPI.The study showed that, of the 100 MPs who were asked for their views, 53% of Labour MPs and ...
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Article
Research update - High smoking ban awareness
The majority (95%) of senior HR professionals are aware of forthcoming laws banning smoking in enclosed public spaces and workplaces. But while 72% claim they have already put in place a policy to comply with these, just under half (48%) still provide smoking areas for staff, which would breach the ...
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Article
Event news - Author Scase to give Summit keynote
The Employee Benefits Summit will give influential members of the benefits community a chance to hear top speakers discussing current issues and join in the debate.Renowned figures such as Professor Richard Scase, Emeritus professor of organisational behaviour at the University of Kent will be speaking at the event.In his keynote ...
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Analysis
Shift workers place health alongside pay
When determining how to reward shift workers, studies show that health concerns are just as valid as pay issues, says Laverne HadawayCase study: NestleArticle in fullFor industries that operate around the clock, such as food manufacturing, shift work is simply an inevitable part of day-to-day life. Neil Millan, head of ...
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Article
News update - Alliance disbands
The Benefits Alliance, a cross-industry body which aimed to provide voluntary benefits to 350,000 employees, has disbanded.The Alliance was comprised of employers, including Asda, the BBC and BT. Martyn Phillips, former chairman of the Benefits Alliance and current head of flexible benefits at Prudential, said that the growth of third-party ...
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Ernst & Young hone age issues
Ernst & Young (E&Y) is beginning to build new age discrimination rules into its benefits package to comply with the Employment Equality (Age) Regulations, which take effect on 1 October.The accountancy firm has put together a team, led by senior employee relations managers, to assess all of its benefits and ...
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Legislation update - New age law already dated
The European Court of Justice (ECJ) has ruled that age discrimination could already be illegal in the UK, even though the Employment Equality (Age) Regulations do not come into effect until October.The case of Mangold v Helm, which was referred by the German courts to the ECJ, found that it ...
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Article
New alliance provides value for money total fleet risk management package
Risk management company Drive & Survive has joined forces with Fleet Support Group (FSG), the UK fleet management service provider.The two organisations will provide services such as: Total fleet management, corporate risk audits, accident management and vehicle maintenance.
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Analysis
Worksite financial marketing
Many employers now allow financial firms to promote their products through the workplace, but does this really net the best deals for staff, asks Kirstie RedfordCase studies: Shoosmiths, Hammonds DirectArticle in fullNot every organisation can afford to provide a five-star suite of employer-paid benefits. However, simple economies of scale mean ...
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University launches childcare vouchers
Sheffield Hallam University has responded to the demands of its 4,200 strong workforce by launching a childcare voucher scheme in March with the help of provider Busy Bees.
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Analysis
Feature - Focus on cars: Choice an incentive for company car drivers
Contract hire deals for company cars offer duty of care protection, but does the choice of marques compare to the freedom of cash allowances, asks Jamin RobertsonIf you read nothing else, read this ...Duty of care obligations have encouraged some organisations to opt for the control of company cars over ...
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Article
BG Group launch childcare vouchers
BG Group, the global natural gas business, has launched childcare vouchers to its 1,500 UK employees.Michelle Giddings, a senior HR adviser at BG Group, said:"We have just gone out to employees to ask them if they are interested and the deductions will [take effect] from the May 2006 payroll."Giddings added: ...
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Analysis
Take a holistic approach to financial education
Simple measures like tailoring financial education or advice to financial trigger points can heighten employees' awareness of their situation, and employers have every hope of gaining long-term buy-in to the perk, says Sam BarrettCase study: United UtilitiesArticle in fullWith financial products becoming increasingly important, but ever more complex, offering staff ...
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Article
Brown raises childcare allowance
Gordon Brown's decision to raise the value of employer-provided childcare vouchers, exempt from tax and National Insurance, from £50 to £55 per week in the Budget has provoked a mixed reaction.The new rate will apply to all employees from 6 April, except for those in salary sacrifice schemes where the ...
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Article
William Hill provides L-tip advice
William Hill provided financial advice sessions for employees with options in its long-term incentive plan (L-tip) which matured last month.The scheme, which was introduced in 2003 after the company floated, was open to around 90 staff, mainly at executive level. They were all eligible to attend the group seminar sessions ...
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Article
Consultation on employer-provided financial advice
A consultation launched alongside the Budget is proposing more freedom for employers to advise staff on work-related financial services.Employers are currently exempt from financial promotions legislation, with regard to advising on pension schemes.The consultation document proposes extending this exemption to include pensions advice from third-party administrators of stakeholder and group ...
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Analysis
Employee Benefits Financial Education supplement 2006: Interview
Jenny Keefe talks to Jim Dredge, programme director for the workplace arm of the Financial Services Authority's Financial Capability SchemeArticle in fullLet's be frank: most people find personal finance about as stimulating as a week in solitary confinement. Yet Jim Dredge, programme director for the workplace arm of the Financial ...