All articles by System Administrator – Page 97
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Article
Enviros launches flexible benefits
Enviros, the environmental consultancy, has launched a flexible benefits scheme to offer staff greater choice in their benefits package.The scheme, which launched its two week-long election period for employees in September, includes options such as gym membership and holiday trading.Clare Donahue, HR administrator, said that it was very different from ...
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Elan Computing introduces flexible benefits
Elan Computing, a global IT recruitment firm, has included a group personal pension (GPP) plan in a new flexible benefits scheme to be rolled out to 55 international sites following a successful launch in the UK.The pension allows staff to add additional salary sacrificed contributions.The benefits package is named Central ...
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Article
Ellis Fairbank launches voluntary benefits
Ellis Fairbank, the recruitment company, has launched a voluntary benefits platform for its young headhunters.If successful, it could lead to the introduction of flexible benefits.Around 40 voluntary benefits are being offered to the company's 140 staff including insurance and healthcare coverage, discounts on car rental and hotel rates and a ...
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Centrica's popular benefits
A £50 discount at Currys, discounted entry to Tussaud Group attractions and cheap CDs are the most popular options in Centrica's new voluntary benefits scheme.The scheme, which is provided by Perkz, began rolling out to staff in August.Marc Bishop, head of reward at British Gas, said: "It isn't the most ...
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Forging a career in benefits management
A career in benefits may not just rest with qualifications; extras like project management experience also help, says Jamin RobertsonArticle in fullA quick review of 30 advertised vacancies for senior compensation and benefits managers reveals an average basic pay offer of £48,750, with a few around the £80,000 mark. Not ...
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Experiences of benefits managers
Jamin Robertson gauges some notable moments from the careers of some of the nation’s foremost benefits professionalsGraham Drewett, compensation and benefits manager, LogicaCMGWhen financial planning company Acuma was sold by finance giant American Express in 1994, Graham Drewett, its compensation and benefits director, turned from hirer to firer. “My last ...
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Column - Confessions of a benefits manager
Article in fullThe annual strategy review is to be held for a whole day at Le Mediocre Hotel, and for some reason Lazy Susan is all excited about it. To her off-site means off-work though I doubt anyone will notice any difference.The day starts with the Highest Being (our President) ...
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Analysis
Benefits managers: Off the record
Jamin Robertson chats frankly to insiders about the real activities of the benefits industry.Article in fullThe image of a buttoned-down compensation and benefits professional, well-versed on complex administration requirements, is torn apart in this off-the-record account of benefits managers. Some, it appears, are not as clean-cut as they would have ...
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BBC staff windfall
Up to 11,000 BBC staff have received a windfall after the corporation discovered that it may have miscalculated holiday pay. It is thought that the BBC may have been in breach of EU working time regulations, by calculating holiday pay just on basic salary and failing to include unsocial hours.
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The Valpar Corporation revamps long service awards
The Valspar Corporation, a paint and coatings company, has appointed recognition firm Michael C Fina Worldwide to administer its global employee long service programme. Tania Garrett, European HR director, said Valspar wanted to provide a wider range of gifts to its 7,000 employees. Associate company Michael C Fina will operate ...
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Standard Life buys First Assist's PMI business
First Assist has sold its private medical insurance (PMI) business to Standard Life Healthcare, for an undisclosed sum, subject to FSA and court approval. The sale, which is due to be completed in the first quarter of next year, will involve the transfer of existing PMI contracts. First Assist will ...
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Analysis
Alternatives to traditional share schemes
Amanda Wilkinson finds pseudo equity and cash plans the primary drivers for organisations unable or unwilling to use shares.Case Study: ReutersArticle in fullTraditional share schemes may act as useful tools to foster employee loyalty and to align performance with shareholder values, but for some employers they are not an option.Employers ...
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CIPD affirms flexible working's retention power
The Chartered Institute of Personnel and Development (CIPD) has countered recent research from the Confederation of British Industry (CBI) that showed increased dissatisfaction with the impact of family friendly employment laws, such as flexible working. The CIPD said in Flexible working: impact and implementation that 75% of employers found flexible ...
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Analysis
Options for executive pensions post A-day
Next April’s £1.5m pensions cap has put the spotlight on how executives top up their pensions, Sue Ward picks through the most tax-efficient alternativesArticle in fullWith the new pensions tax regime coming into force in April 2006, the rules for unapproved arrangements for highly-paid executives will be replaced by those ...
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Analysis
Accounting standards for share plans
Matthew Stibbe discovers the potential stream of companies turning away from option-based schemes in the wake of new accounting rules is currently just a trickle.Article in fullNew guidelines for the treatment of share-based payments, including employee share schemes, were published by the International Accounting Standards Board (IASB) in February last ...
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AC Wholesale offers staff the chance to buy at trade prices
AC Wholesale, the consumer electronics wholesaler, is launching a scheme for employers which gives their staff the chance to buy electrical products at trade prices. The employee benefits scheme enables staff to access a members-only website to order goods including DVDs and televisions. AC Wholesale claims that employees will face ...
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Medical cover is key in absence
Employers which provide healthcare benefits for staff are rewarded with more productivity, better loyalty and lower absence rates, according to a survey of more than 1,000 people. The Standard Life Healthcare Annual attitudes to healthcare survey found that 70% of respondents said productivity would be boosted, 68% that staff loyalty ...
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Philips educates staff about A-day changes
Philips Consumer Electronics UK is making its 3,000 employees aware that after A-day, the tax-free lump sum limit of 25% may restrict the entitlement of some final salary scheme members.Some of its employees who are eligible for retirement are in pre-1987 schemes that could allow for a tax-free lump sum ...
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888.com launches share scheme
Gambling website 888.com is planning to offer staff an incentive share scheme as part of its initial public offering (IPO).The Gibraltar-based group is to sell shares equating to 25% of the company into the market.A spokesman said: "The [share] scheme is [an important component] of the IPO - [it's there] ...
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Standard Life invests in pension portal
Standard Life has announced the launch of a pension portal aimed at saving time and money for advisers and employers.Group Pension Zone allows employers to do basic administration of group pension schemes within Standard Life