All articles by System Administrator – Page 96
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Analysis
What is Total Reward?
Total reward has been around for decades, but there is a large degree of conjecture. Laverne Hadaway discovers it's about emphasising the full benefits of an organisation and tracks its growing influence.Case Studies: BT, Royal Bank of Scotland Article in fullEvery so often, a buzzword crops up that seems deliberately ...
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Article
Pensions payment restrictions
A-day's 25% lump sum rule could restrict payouts to holders of retirement annuity contracts - a type of individual pension plan that existed before 1987 when personal pension plans started to appear.Chris Bellers, pensions technical manager at provider Friends Provident, said: "In some cases they could lose out. [Such contracts], ...
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Article
Northern Rock staff value sharesave
A Northern Rock staff survey has found that employees primarily view sharesave as a long-term investment, although tax restrictions are affecting take-up rates for its share incentive plan.In September's survey on employee attitudes to sharesave, the bank found that 49% of respondents saw it as an investment for the future, ...
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Article
Zenith launches share scheme
Zenith Vehicle Contracts will launch an employee share scheme to 40% of its 90-strong workforce this month.Zenith has decided it will be based on gifted shares, aimed at all staff of a particular grade or who have worked a certain length of service.Andrew Cope, chief executive of Zenith Vehicle Contracts, ...
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Article
RMPC launches entertainment incentives
Entertainment and marketing promotions company RPMC is to launch an incentive programme in the UK that will offer trips to top entertainment events that could include the Grammys and pop concerts. The IncentEvents programme is based on a benefit scheme, run by RPMC in the US, that includes preferential entry ...
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Article
Employers to ramp up rewards
Some 57% of employers plan to ramp up reward packages over the next 12 months as employers face increased retention problems caused by a smaller workforce. Deloitte Touche Tohmatsu's Talent pulse survey 2005 surveyed 1,396 HR professionals across 60 countries, and found that more than half plan to 'somewhat' increase ...
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Analysis
Tailoring share plans to suit employees
Sharesave appears to be more popular with the lower-paid, and while Sips are growing significantly, these still remain more attractive to individuals with higher salaries, says Matthew StibbeCase Study: eCourierArticle in fullEmployers looking to implement an HM Revenue & Customs (HMRC)-approved share scheme can take their pick from four types ...
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Article
Employers need greater PMI emphasis
Employers need to do more to communicate the value of private medical insurance (PMI) benefits as employees do not appreciate the true cost of the benefit, according to the Watson Wyatt 2005 Healthcare survey.The results reveal one-in-three employees would not continue with PMI cover if their employer withdrew the benefit.Some ...
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Article
Pensions Regulator launches e-learning
The Pensions Regulator is planning to launch a free e-learning programme to ensure pension scheme trustees are up-to-date with changes to pension scheme legislation. The programme, due to launch in January, will help pension fund trustees meet obligations outlined in the Pensions Act 2004. Epic, an online learning company, and ...
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Analysis
Drinks sector offers share schemes and flex
Relaxing with a drink after work is unlikely to cost drinks sector workers a penny. But Neil Merrick also uncovers share schemes and flexible benefits among the brewery giantsCase Studies: SA Brain, Bacardi-MartiniArticle in fullAlcohol is never far from people's minds when they work for breweries, distillers and alcoholic drinks ...
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Article
John Lewis offers discounted scooters
The John Lewis Partnership (JLP) is to offer staff discounts on scooters to provide them with an alternative method of travelling to work following the introduction of London's congestion charge and the recent terrorist attacks.It is also launching discounted wills and conveyancing services through solicitors Morley Mitchell as part of ...
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Article
Denso Sales publishes guide for expats
Denso Sales UK is to publish a range of expatriate preparation guides for Japanese managers moving to the UK in the new year.The Japanese-owned automotive parts manufacturer, which has 25-30 Japanese engineers in its UK office each year, will publish guides covering a number of topics including how to cope ...
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Article
Royal London double matches pension contributions
Royal London, the mutual life and pensions company, has introduced a double matching defined contribution (DC) pension plan for new employees, replacing its closed final salary scheme. The DC plan was launched in September, and is based on a group personal pension (GPP), offering employer salary sacrificed contributions of twice ...
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Article
Ing Direct considers flex
ING Direct is considering launching flexible benefits in a bid to increase retention levels of call centre staff in the highly competitive retail banking industry.The company already has a voluntary benefits scheme but is looking to add to this. Lorna Benton, compensation and benefits manager for ING Direct, said: "Voluntary ...
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Article
Cadbury Schweppes looks at self-service systems
Cadbury Schweppes is looking at moving to a self-service benefits system in order to take full advantage of its new HR and payroll system.Suzanne Laverick, UK employee benefits manager, said: "We've recently introduced a new version of Sap HR. With that comes a flexible benefits solution [which] gives us the ...
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Article
Feature - Buyer's Guide to home computing schemes (HCI)
No-one could deny that the last 18 months have been a boom period for home computing (HCI) schemes. According to the HCI Alliance, an alliance of industry leaders working together with the UK government on home computing schemes, over 530 employers now offer a scheme compared with only 30 in ...
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Analysis
Calculating the pay budget
New technology is helping to cut through the drudge of pay budgeting, says David ShonfieldCase Study: Britannia Building SocietyArticle in fullFor many years, determining a pay budget and communicating it to line managers has been one of the most laborious tasks for a reward manager. It is also the one ...
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Article
Gender gap closing as female bonuses soar
Women managers are closing the gender pay gap on their male counterparts and are gaining promotion at a younger age - according to a joint study by the Chartered Management Institute and salary survey firm Remuneration Economics.The National management salary survey polled nearly 21,000 managers from 200 organisations and charted ...
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Article
Southern Cross Healthcare launches voluntary benefits
Southern Cross Healthcare has launched a voluntary benefits scheme to harmonise its reward package following its merger with Highfield Care earlier this year.Both organisations had previously offered voluntary benefits to staff, but the care home operator wanted to create one post-merger benefits package.Sue Moncur, group HR manager, said: "We're in ...
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Article
Oracle harmonises benefits internationally
Oracle is looking to harmonise its benefits offer internationally across the UK, Ireland and South Africa.The move follows the appointment in June of Nick Foster (pictured), as vice president human resources UK, Ireland and South Africa at Oracle, which in September announced that it was buying Siebel Systems.Foster said: "If ...