All articles by Tom Washington – Page 14
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Article
Working mothers suffer pay penalty
Working mothers with two children receive an average of a fifth less pay than men, according to new research by the women's rights campaigners the Fawcett Society.Its report, entitled ‘Not having it all: How motherhood reduces women’s pay and employment prospects’ is a new survey of existing research, drawing together ...
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Article
Cost cutting is a top priority for pension schemes
The top priority of almost all UK pension schemes over the next two years is to reduce operating costs, according to research published by Hewitt Associates.Its Pension Administration Survey 2009 highlights that the current economic downturn is driving UK pension schemes to clearly prioritise cost and quality in their administration ...
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Article
Hewitt Associates appoints chief investment officer in DC team
Hewitt Associates, a global HR consulting and outsourcing company, has announced the return of Anne Swift to the company to take on the role of chief investment officer within its UK defined contribution (DC) team.Swift joins Hewitt from BlackRock, where she was a director within the organisation's account management group, ...
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Article
BA staff reject cost-cutting plans
British Airways staff have rejected cost-cutting proposals made by the airline in a meeting with union representatives.Around 2,000 BA staff met at Kempton racecourse yesterday to discuss plans set out by the company to cut employment costs. These included redundancies, pay freezes and unpaid leave.Last week around 7,000 BA employees ...
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Article
Katharine Photiou joins Mercer's benefits consulting scheme
Katharine Photiou has joined Mercer as a principal in its strategic benefits consulting and delivery team.†Her role is to develop innovative solutions which reshape the benefit packages that Mercer's clients offer their employees – taking advantage of new technologies, current tax efficiencies, increased demand for choice and flexibility, and the ...
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Article
BT set to pay execs less than rivals
BT has become the first major British employer to announce it will set the base pay of its executives below the average offered at its competitors.The pay plans follow poor financial performance at the telecoms group and growing concern that executive pay proposals will be rejected by shareholders at its ...
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Analysis
Restructuring pay and benefits in the recession
The recession has forced many employers to rethink, and sometimes restructure, their pay and benefits arrangements, says Tom WashingtonIt may be a tough time for reward, but never has there been a better opportunity for the function to prove its worth. To produce results within tight parameters, reward professionals must ...
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Interview with Anthony York, head of reward at Punch Taverns
No matter how employers go about rewarding staff, Anthony York, head of reward at Punch Taverns, says the importance of doing it properly should never be questioned.“Reward, including pay and bonuses, is often one of an employer’s biggest spends, yet so often it is taken for granted that it is ...
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Article
Chevron offers free shares to UK employees for the first time
Chevron has issued free shares to its UK employees for the first time as part of its annual incentive programme.The energy firm has run an employee share plan since 2003, but its business structure, with groups of employees in different bonus arrangements, meant it had been unable to comply with ...
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Article
N Brown Group staff share profits
N Brown Group’s profit share scheme has paid out in full to its 3,000 employees after the firm hit its profit targets for 2008.The scheme, launched in March last year, replaced the mail order retailer’s previous annual reward programme, through which all staff received gifts such as glass vases.After the ...
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Article
Salary sacrifice helps GSK boost pension contributions
GlaxoSmithKline (GSK) is to introduce a salary sacrifice arrangement for its trust-based defined contribution pension plan this month.Under the new arrangement, employees will make tax and national insurance (NI) savings on all contributions they make to the scheme. GSK will also make NI savings, which it will pass on to ...
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Article
LogBuy adds restaurant discounts to voluntary benefits offering
LogBuy has extended its voluntary benefits product to include discounts at more than 100 national chain and local independent restaurants.Through its partnership with Livebookings, one of Europe¥s biggest reservations service for the restaurant industry, employees can book the restaurant of their choice online and receive a discount of up to ...
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Article
General Healthcare Group launches payroll-giving scheme
General Healthcare Group has launched a workplace payroll- giving scheme for its 10,000 staff.The healthcare services firm rolled out the scheme last month, enabling staff to give to a charity of their choice tax-effectively, directly from their salaries. Giving to charity in this way can boost donations by up to ...
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Article
MediaCom introduces voluntary benefits
MediaCom has launched a voluntary benefits scheme for its 600 UK employees to increase engagement with their benefits package.The scheme gives staff access to a wide range of discounts and the ability to earn cash back at more than 1,800 high-street retailers.Employees can also access a telephone helpdesk to obtain ...
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Article
Jeremy Hinds set to join Pret A Manger
Jeremy Hinds is joining sandwich chain Pret A Manger as head of people systems and reward. He was previously human resources operations manager at law firm SJ Berwin.
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Article
Wendy Fleet joins Mercer
Wendy Fleet is ending her nine-year stint at You At Work, most recently as head of relationship development, to join consultancy firm Mercer. She will be senior client relationship manager in its outsourcing team.
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Article
Tim Kensey joins Body Shop
The Body Shop has appointed Tim Kensey as employee engagement director, responsible for reward, policy and communication strategies and practices globally. Kensey was previously head of UK remuneration and benefits at Shell.
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Article
BP appoints Martin Self as flexible benefits project director
BP has appointed Martin Self as flexible benefits project director, with responsibility for introducing flexible benefits at BP. Previously, he was EMEA benefits manager at Bank of America for five years.
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Article
Lastminute.com offers dream job
Many Britons have found themselves unexpectedly jobless in recent months, but in a bid to lift the spirits of one unemployed Brit, lastminute.com is recruiting for what could be considered the best job in the world.The travel website is looking to appoint a ‘Globe Trotter’ to review some of the ...
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Article
B&Q launches new bonus scheme
Home improvement and garden retailer B&Q is launching a new monthly bonus scheme for store teams, which is set be worth £12 million a year.Under the new scheme around 30,000 shop floor staff will be eligible for a monthly bonus based on achieving individual store team targets and standards. Almost ...